Bain Capital is in talks to acquire UK-based auto parts supplier TI Automotive Ltd. for nearly $2 billion, according to Reuters. TI backers currently include Oaktree Capital Group LLC and Duquesne Capital Management, based on a 2007 debt restructuring. www.tiautomotive.com
Bregal Partners has formed Aqua Terra Water Management, an acquisition and organic growth platform focused on providing water management and disposal services to onshore oilfield customers in North America. No financial terms of the commitment were disclosed. Aqua Terra’s first acquisition is of Four Winds Energy Services Ltd., an operator of water disposal facilities in Alberta, Canada.www.bregalpartners.com
EQT Partners has agreed to invest an undisclosed amount into BackWerk Group, a German franchise system in the self-service bakery and quick service food markets. www.eqt.se
Lone Star Funds has entered into exclusive negotiations to acquire Osaka Prefectural Urban Development Co., a Japanese operator of train lines and a commercial trucking distribution center, according to Reuters. The deal could be valued at around $738 million, with Lone Star fending off rival bidder Fortress Investment Group. www.lonestarfunds.com
Mason Wells has agreed to acquire the rigid medical packaging business for Sealed Air Corp.(NYSE: SEE) for $125 million. www.masonwells.com
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