AUA Private Equity Partners has acquired Associated Foods Holdings, in partnership with company management. Associated is a distributor of grocery products to branded independent (predominately Hispanic owned) retail supermarkets in the New York metropolitan area. No financial terms were disclosed. www.auaequity.com

Compuware Corp. (Nasdaq: CPWR) is pitching itself as a takeover target to private equity firms, according to Bloomberg. The Dallas-based software company recently rejected a $2.3 billion buyout offer from hedge fund Elliott Management, but soon is expecting bids from firms that could include Apax Partners, Hellman & Friedman, Golden Gate Capital and Thoma Bravo. www.compuware.com

Health & Safety Institute, a Eugene, Ore.-based for-profit emergency care and response training organization, has raised an undisclosed amount of private equity funding from DW Healthcare Partners.www.hsi.com.

Life Technologies (Nasdaq: LIFE), a maker of DNA- sequencing equipment and lab materials, may soon receive a buyout offer from an investor consortium that includes The Blackstone Group, The Carlyle Group, TPG Capital and Temasek Holdings, according to Reuters. Life has a current market cap of approximately $10.5 billion. www.lifetechnologies.com

Morgan Stanley Private Equity Asia has an agreement in place to acquire Feihe International (NYSE: ADY), a Beijing-based maker of infant formula and milk powder. The deal is valued at $147 million, or $7.40 per share (21% premium over October 2, 2012 price – which is when Feihe announced receipt of the offer). www.ady.feihe.com

Sohu.com Inc. (Nasdaq: OSHU) is publicly denying a South China Morning Post report that it is talking with investment banks and private equity funds about a possible take-private acquisition. www.sohu.com

Sun Capital Partners has purchased British bedding retailer Dreams PLC, via a pre-packaged bankruptcy agreement. Exponent Private Equity and AXA Private Equity had acquired Dreams from the company’s founder for more than £200 million in 2008. www.dreams.co.uk

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