Clearlake Capital Group has acquired approximately 89% of the outstanding shares of online fashion retailer Bluefly Inc. (Nasdfaq: BFLY) from principal shareholders like Rho Capital Partners, Soros Fund Management, Prentice Capital Management and Maverick Capital. It also has agreed to acquire the remaining shares via a short form merger at $0.10 per share. www.bluefly.com
Panasonic (Tokyo: 6752) is in talks to raise upwards of $1 billion by selling an undisclosed stake in its healthcare unit, according to Reuters. BoA Merrill Lynch is managing the process, with first-round bids due early next week. Likely suitors include Bain Capital, CVC Capital Partners, Carlyle Group, KKR, TPG Capital and Toshiba. www.panasonic.com
Sequoia Capital China has offered to acquire Chinese vegetable producer Le Gaga Holdings(Nasdaq: GAGA) for $183 million, or $4.01 per American depository share. Sequoia had been Le Gaga’s VC backer before the company went public in late 2010. Le Gaga management also is participating on the take-private bid. www.legaga.com.hk
Tops Friendly Markets, a regional grocer backed by Graycliff Partners and Morgan Stanley Private Equity, has acquired four Big M supermarkets in New York State. No financial terms were disclosed. www.topsmarkets.com
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