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Private equity deals

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
September 17, 2013, 2:49 PM ET

Clayton, Dubilier & Rice has agreed to acquire a majority stake in Brand Energy & Infrastructure Services, a provider of specialty industrial services to North America’s energy markets, from First Reserve Corp. CD&R has separately agreed to acquire the infrastructure Harsco Corp. (NYSE: HSC) for approximately $300 million in cash and a 29% equity stake in the business, which will be merged with Brand Equity & Infrastructure Services. The combined company will have an initial enterprise value of approximately $2.5 billion. www.cdr-inc.com

BC Partners has completed a £200 million dividend recap for UK phone retailer Phones4U, which means that the private equity firm has recouped its entire 2011 investment (while maintaining its stake). www.phones4u.co.uk

Confie Seguros
, a personal insurance company focused on Hispanic consumers, has agreed to acquire the retail distribution arm of Affirmative Insurance Holdings (OTC: AFFM), which operates 195 retail locations in nine states. No financial terms were disclosed. Confue Seguros is a portfolio company of ABRY Partners. www.confieseguros.com

EQT Partners has acquired an undisclosed stake in Avenso AG, a Berlin-based gallery network and online retailer for contemporary photographic art. Sellers include Burda. www.eqt.se

Hayward Gordon, a Toronto-based maker of mixers, pumps, and engineered systems for challenging fluid handling applications, has raised an undisclosed amount of private equity funding from Element Partners. www.haywardgordon.com

Kohlberg Kravis Roberts & Co. and Abraaj Capital have each reached the second round of bidding for a 60% stake in Saudi Arabian fast-food chain Kudu, according to Bloomberg. The deal could be valued at upwards of $300 million. www.kkr.com

Novacap, a French chemicals group sponsored by AXA Private Equity and Rhodia, has acquired a controlling stake in Yangzi, a Chinese maker of a chemical intermediate mainly used for the production of paracetamol. No financial terms were disclosed. In 2012, Yangzi employed 375 employees and recorded €71 million of sales. www.novacap.eu

Secure Communication Systems, a Santa Ana, Calif.–based maker of rugged computer and information assurance systems, has acquired Lark Engineering, a San Juan Capistrano, Calif.-based maker of RF filters for the commercial, industrial, and military sectors. No financial terms were disclosed. Secure Communication Systems is a portfolio company of Vance Street Capital.www.securecomm.com

TA Associates has acquired a majority stake in SoftWriters Holdings Inc., an Allison Park, Penn.–based provider of pharmacy management software to the long-term care industry, from DFW Capital Partners and Greyrock Capital Group. No financial terms were disclosed. www.frameworkltc.com

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About the Author
By Dan Primack
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