Paulson & Co. has agreed to acquire Steinway Musical Instruments (NYSE: LVB) for approximately $512 million, or $40 per share. Steinway had previously agreed to be taken private for $35 per share byKohlberg & Co., which does not plan to match or top the Paulson offer. www.steinwaymusical.com
Crofton Capital and Gladstone Investment Corp. have acquired Schylling Associates, a Rowley, Mass.-based maker of toys and gifts. No financial terms were disclosed. www.schylling.com
Roofing Supply Group, a wholesale roofing supplies company owned by Clayton Dubilier & Rice, has acquired a pair of Tuscaloosa, Ala.-based companies: Supreme Metal Products and Exterior Building Supply. No financial terms were disclosed. www.rsgroof.com
Swiss Smile, a Swiss dental practice chain, has raised CHF 44 million ($47m) in private equity funding from EQT Partners. www.eqt.se
http://finance.fortune.cnn.com/2013/08/13/fitbit-raises-43-million-in-new-funding/