Private equity deals

October 30, 2013, 6:44 PM UTC

CVC Capital Partners is nearing an agreement to acquire a majority stake in Beijing-based Chinese restaurant chain South Beauty Group for approximately $300 million, according to Bloomberg. South Beauty’s IPO application was rejected last year by local regulators.

First Data Corp., an electronic commerce and payment processing company owned by KKR, has acquired Perka, a New York–based mobile marketing and consumer loyalty platform. No financial terms were disclosed.

Summit Partners has made a “significant equity investment” into Systems Maintenance Services Inc., a Charlotte, N.C.-based provider of multivendor IT asset lifecycle services that will remain majority-owned by Thomas H. Lee Partners.

Vention Medical, a portfolio company of KRG Capital Partners, has acquired Fast Forward Medical, a Plymouth, Minn.-based catheter company. No financial terms were disclosed.

Asurion, a Nashville, Tenn.-based provider of mobile protection programs, has agreed to acquireSoluto, an Israeli provider of remote device and PC management solutions, according to local press reports. TechCrunch reports the price is between $100 million and $130 million. Asurion is a portfolio company of Madison Dearborn Partners, while Soluto has raised around $18 million in VC funding from Founder Collective, Proxima Ventures, Bessemer Venture Partners, Giza Venture Capital, CrunchFund and Index Ventures.

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