Private equity deals

January 17, 2013, 8:04 PM UTC

BTG Pactual Group has pulled out of the auction process for GVT SA, the Brazilian telecom unit of Vivendi SA (Paris: VIV), according to a local newspaper report. Remaining bidders reportedly are Apax Partners and Kohlberg Kravis Roberts & Co.

CPPIB Credit Investments, a wholly-owned subsidiary of Canada Pension Plan Investment Board, has agreed to commit $50 million in equity to MerchCap Solutions LLC, a provider of principal and agency-based capital markets services to sponsor-backed and corporate mid-market companies. The company was formed last summer with $300 million in initial commitments from KKR and Stone Point Capital.

Clessidra and Italian media firm Cairo have submitted binding offers for a majority stake in Telecom Italia’s media TV unit, according to Reuters. The bids reportedly are in the range of €330 million to €380 million, which is less than Telecom Italia had been seeking for the 77% stake. The company’s board is expected meet today to decide if the sale will proceed.

Granite Partners has acquired Chair-man Mills Inc., a Canadian provider of tabletop and dance-floor rentals for events. No financial terms were disclosed.

Horizon Care, a British provider of specialist care and education to children with severe and complex needs, has acquired UK-based Educare Adolescent Services, which provides care and education to children aged between 11 and 18 in residences located close to their families. No financial terms were disclosed. Horizon Care is a portfolio company of NBGI Private Equity.

Lightyear Capital has completed its previously-announced acquisition of a control stake in Cooper Gay Swett & Crawford, a London-based wholesale insurance and reinsurance broker. No financial terms were disclosed. Sellers include HM Capital Partners and Ridgemont Equity Partners.

MBK Partners is in talks to acquire a 53% stake in South Korean outdoor clothing company NEPA Co. Ltd. for approximately $520 million, according to a local press report. MBK also would plan to acquire an additional 30% stake sometime in the future.

Palladium Equity Partners has sponsored a recapitalization of Hy Cite Enterprises LLC, a Madison, Wis.–based direct selling and consumer finance company focused primarily on cookware and kitchen products for the Hispanic market in the U.S. and Mexico. No financial terms were disclosed.

QualaWash Holdings LLC, a Tampa, Fla.-based provider of commercial cleaning & maintenance services to the portable bulk container industry, has made two acquisitions: Shreveport Tank Wash (Shreveport, LA) and Tank Wash Specialists (Neenah, WI). No financial terms were disclosed for either deal. QualaWash is a portfolio company of Roark Capital Partners.

SpeedCast Ltd., a Hong Kong-based provider of global network and satellite communications services, has acquired Elektrikom Satellite Services, a maritime satellite communications service provider based in the Netherlands. No financial terms were disclosed, except that SpeedCast majority shareholder TA Associates helped “support” the deal.

Symphony Technology Group has agreed to acquire the LexisNexis screening business from LexisNexis Risk Solutions, a unit of Reed Elsevier Group (LSE: REL), and merge it with existing portfolio company First Advantage. No financial terms were disclosed.

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