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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

Private equity deals

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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August 21, 2013, 3:19 PM ET

Abila, a portfolio company of Accel-KKR, has acquired Avectra, a McLean, Va.-based provider of web-based CRM solutions for associations and non-profits. Sellers were Sterling Partners andHarbourVest Partners. www.abila.com

Ajubeo, a Boulder, Colo.-based provider of virtual datacenters and cloud infrastructure-as-a-service, has raised an undisclosed amount of new equity funding from Grey Mountain Partners.www.ajubeo.com

American Energy Partners, a new gas and oil exploration company formed by ex- Chesapeake Energy CEO Aubrey McClendon, is in the process of securing $1.2 billion in capital commitments, according to the WSJ. AEP plans to focus on Ohio, and reportedly is nearing equity investment agreements from Energy & Minerals Group ($500m equity) and First Reserve Corp. ($200m), while he also plans to secure $400 million in debt.

Baring Private Equity Partners Asia is in advanced talks to acquire listed Indian IT services company Hexaware Technologies Ltd. for upwards of $400 million, according to The Times of India. Sellers include General Atlantic Partners. www.hexaware.com

Lloyds Banking Group (LSE: LLOY) has sold Heidelberger Leben, a German life insurance business, to Candover and Hannover Re for approximately €300 million. www.heidelberger-leben.de

The Longreach Group, a Japan-focused private equity firm, has agreed to acquire Hitachi Via Mechanics, a maker of precision drilling equipment, from Hitachi (Tokyo: 6501). No financial terms were disclosed. www.hitachi.com

Lynx Equity has acquired Fine Line Imports Inc., an importer, wholesaler and distributer of contemporary women’s fashion in Canada. No financial terms were disclosed. www.lynxequity.com

Zahroof Valves Inc., a Houston-based provider of reciprocating gas compressor valves, has raised an undisclosed amount of growth equity funding from NGP Energy Technology Partners. www.zahroofvalves.com

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com

 

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