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Private equity consortium to sell UK supermarket chain Somerfield for £1.6bn
16/07/2008. Violet Acquisitions, an acquisition vehicle formed by Apax Partners, Barclays Capital, Kaupthing and the Tchenguiz Family Trust have agreed to sell UK supermarket chain Somerfield to the Co-Operative Group for £1.565bn. The sale generated a return of approximately two times, according to a source close to the deal.

Oak Hill completes $1.1bn acquisition of TV stations from News Corporation
15/07/2008. Oak Hill Capital Partners has completed its acquisition of eight Fox network-affiliated TV stations in the US from News Corporation for approximately $1.1bn.

HitecVision sells three Fund III investments to Cubera Private Equity
15/07/2008. Norwegian private equity firm HitecVision has sold three investments from its HitecVision Private Equity III fund to Cubera Private Equity, a Norwegian secondaries specialist.

Blackstone, Windland to develop North Sea wind farm
15/07/2008. The Blackstone Group has partnered with German wind energy company Windland Energieerzeugungs GmbH to develop North Sea wind farm project Meerwind.

Investor group forms Triton Energy Partners to develop natural gas storage facilities
15/07/2008. Quantum Energy Partners, alongside industry veterans Dr Larry Bickle and Larry Lawyer, has formed Triton Energy Partners, an investment company focused on US gas storage facilities.

GIP, Fortistar to acquire Channelview facility for $500m
11/07/2008. Infrastructure-focused private equity firm Global Infrastructure Partners, together with independent power generation company Fortistar, has agreed to acquire the Channelview co-generation facility in the Houston, Texas area from Reliant Energy for $500m plus certain adjustments. The US Bankruptcy Court for the District of Delaware has now approved the agreement.

Gilde to sell Walter Services to Odewald & Compagnie, capiton for €300m
11/07/2008. Dutch buy-out firm Gilde Buy Out Partners has agreed to sell its majority stake in German customer services company Walter Services to Berlin-based mid-market private equity firms Odewald & Compagnie and capiton. The size of the deal was not disclosed, but sources close to the deal said it was over €300m.

Arcapita to invest in Chinese wind farm project
11/07/2008. Bahrain-headquartered investment firm Arcapita Bank has formed a joint venture partnership with Colossus Holdings, a Singapore-based holding company of Indian Tanti group, to acquire Honiton Energy Holdings, a developer and operator of wind power generation facilities in China. Arcapita and Colossus plan to have invested at least $2bn into Honiton by 2012 to develop a 1,650 MW portfolio of wind farms in the Inner Mongolia region. This is Arcapita's first investment in China.

Intel Capital leads €85m investment in solar panel manufacturer Sulfurcell
10/07/2008. Technology-focused venture capital investor Intel Capital has invested €24m as part of an €85m equity investment round in German solar panel company Sulfurcell. Other investors include Climate Change Capital Private Equity, AIG, Demeter Partners, Zouk Ventures, BankInvest and existing investors.

Bowmark sells Education and Adventure Travel to DLJMB for £100m
09/07/2008. UK mid-market private equity firm Bowmark Capital has exited its investment in UK school travel group Education and Adventure Travel (EAT), through the sale to private equity firm DLJ Merchant Banking Partners for £100m. The sale generated a return of more than four times cost and an IRR of 63 per cent on Bowmark's total outlay of £18m, according to the firm.

Baring Private Equity Asia's new £190m offer for Nord Anglia succeeds
08/07/2008. Baring Private Equity Asia has agreed to acquire education and training provider Nord Anglia in a deal worth approximately £190m. Baring previously had a £180m offer rejected by the company.

Carlyle invests $87m in Sinorgchem
08/07/2008. The Carlyle Group has invested $87m in Chinese rubber antioxidant chemical producer Sinorgchem (Group) Co.

Bain Capital, Blackstone, NBC Universal to acquire The Weather Channel for $3.5bn
07/07/2008. Bain Capital and The Blackstone Group have teamed up with media and entertainment company NBC Universal to acquire The Weather Channel from Landmark Communications. Financial terms have not been disclosed, but have been reported to be around $3.5bn.

BCE deal in final stages
07/07/2008. The BCE deal has come yet another step closer to completion. The consortium, comprised of Teachers' Private Capital, Providence Equity Partners, Madison Dearborn Partners and Merrill Lynch Global Private Equity, has obtained CAN$51bn in financing for the deal.

Stone Point to acquire Fiserv's insurance businesses for $540m
03/07/2008. Greenwich, Connecticut-based Stone Point Capital has agreed to acquire a 51 per cent interest in the insurance businesses of IT services provider Fiserv, Inc. for $540m. Stone Point will make the investment from its Trident IV fund.

Penn National Gaming, PNG Acquisition Company terminate merger agreement
03/07/2008. The $6.1bn buy-out of US casino and racetrack operator Penn National Gaming is the latest victim of the credit crunch. New York-headquartered private equity firms Fortress Investment Group and Centerbridge Partners negotiated the deal shortly before the credit crisis, which also influenced the outlook for the gaming industry overall.

Hicks Acquisition, Blackstone to take Graham Packaging public in $3.2bn deal
02/07/2008. Hicks Acquisition Company I, a Dallas-based special purpose acquisition company founded and headed by Thomas O Hicks, The Blackstone Group and the Graham Group, have agreed to take York, Pennsylvania-based Graham Packaging Holdings public. The transaction is valued at approximately $3.2bn.

Lone Star to acquire CIT's Home Lending business for $5.9bn
02/07/2008. Lone Star Funds, the Dallas-based group of private equity funds, has agreed to acquire the Home Lending business of commercial finance company CIT Group Inc. for $1.5bn in cash and the assumption of $4.4bn of outstanding debt and related liabilities.

IFC InfraVentures makes first investment
01/07/2008. IFC, a member of the World Bank Group, and Reykjavik Energy Invest have agreed to jointly explore and subsequently develop geothermal resources in Djibouti. This is going to be the first investment from the $100m IFC InfraVentures fund, which was established to support the development of infrastructure in the world's poorest countries. The Djibouti project is located in the geothermal area of Lake Assal in Africa.

Candover acquires minority stake in Technogym
30/06/2008. European buy-out firm Candover has agreed to acquire a 40 per cent stake in Italian fitness equipment company Technogym from founder-owners Nerio and Pierluigi Alessandri. Financial terms were not disclosed.

Advent to back French fashion retailer Gérard Darel
30/06/2008. Advent International has agreed to acquire French fashion retailer Gérard Darel and support the company's international expansion.

Permira, News Corporation intend to take NDS Group private
30/06/2008. NDS Group, majority-owned by News Corporation, has confirmed that it has received a proposal from Permira and News Corporation. The privatisation deal would be worth about $3.6bn.

Doughty Hanson to acquire Danish company Svendborg Brakes for €460m
27/06/2008. European private equity firm Doughty Hanson & Co has agreed to acquire 100 per cent of Vejstrup, Denmark-headquartered industrial braking systems supplier Svendborg Brakes from the two founder-owners, Erik Skjaerbaek and Jan Struwe, for €460m.

AIG Highstar Capital II sells interest in power generation company InterGen
25/06/2008. AIG Investments and Highstar Capital, through their AIG Highstar Capital II fund, have agreed to sell their 50 per cent ownership interest in Netherlands-headquartered power generation company InterGen to Indian infrastructure developer GMR Infrastructure. The transaction is valued at $1.1bn.

Phoenix Equity Partners backs £95.6m Ashtead Technology Rentals buy-out
25/06/2008. Phoenix Equity Partners has agreed to acquire Ashtead Technology Rentals, a provider of rental equipment to the offshore oil and gas sector and the environmental monitoring and testing industry, in a £95.6m transaction. The investment in Ashtead Technology Rentals is the eighth investment from Phoenix's £375m fund raised in April 2006.

First Reserve backs new insurance company Torus with $720m investment
24/06/2008. Energy-focused private equity firm First Reserve Corporation has backed the formation of Torus Insurance Holdings (Bermuda). First Reserve has invested $720m in the new specialist insurance company. Torus senior management is investing in the deal alongside First Reserve.

Black Diamond to sell Bayou Steel for $475m
24/06/2008. Alternative asset management firm Black Diamond Capital Management has sold US structural steel manufacturer Bayou Steel to steel giant ArcelorMittal for $475m.

Ospraie leads $2.8bn acquisition of ConAgra Foods' trading, merchandising ops
24/06/2008. An investor group led by the Ospraie Special Opportunities Fund and including General Atlantic and a private investment fund managed by Soros Fund Management, has acquired the commodity trading and merchandising operations of US packaged food company ConAgra Foods for $2.8bn, net of transaction costs and subject to post-closing adjustments.

3i to take 49 per cent stake in Antichi Pellettieri for €118m
23/06/2008. European mid-market buy-out firm 3i has agreed to acquire a 49 per cent stake in the handbags and accessories division of Italian leather goods company Antichi Pellettieri for €118m. Antichi Pellettieri is the leather goods division of Mariella Burani Fashion Group.

Supreme Court of Canada reverses Québec court's decision on BCE
23/06/2008. The Supreme Court of Canada has given the go-ahead for the sale of BCE to an investor group led by Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, Providence Equity Partners, Madison Dearborn Partners and Merrill Lynch Global Private Equity.

3i sells ABX to DSV
23/06/2008. 3i and other shareholders have agreed to sell XB Luxembourg Holdings 1, the parent of the Brussel-headquartered freight forwarder ABX LOGISTICS Worldwide Group. The aggregate price of the entire share capital, on a debt and cash free basis (enterprise value) is €750m.

Warburg Pincus backs new private investment firm Constitution Medical Investors
23/06/2008. Warburg Pincus is backing the launch of a new firm to acquire healthcare-related platform technologies and companies. Constitution Medical Investors, as the new Boston-based firm is called, will be led by senior healthcare executives Patrick Sullivan and Daniel Levangie.

Warburg Pincus, Blackstone lead $500m investment in Kosmos Energy
23/06/2008. Warburg Pincus and Blackstone Capital Partners, an affiliate of The Blackstone Group, have led a $500m investment round in West African oil company Kosmos Energy.

Blackstone to acquire Apria for $1.6bn
20/06/2008. The Blackstone Group has agreed to acquire home healthcare company Apria Healthcare in a deal worth approximately $1.6bn. Apria also entered into a $280m credit facility with Bank of America, Wachovia and Barclays Capital.

CapMan, InnovationsKapital to invest in Crayon Print
19/06/2008. CapMan's CapMan Technology 2007 fund and InnovationsKapital have agreed to invest in Oslo-headquartered IT-consultancy group Crayon, owned by Norwegian company Artix.

US firm Platinum Equity to sell PNA Group in $1.1bn deal
17/06/2008. Platinum Equity has agreed to sell steel company PNA Group to Reliance Steel & Aluminum Co. The transaction is valued at $1.1bn. Return information was not disclosed but Platinum described its investment in PNA as 'very successful'.

Polaris Acquisition to acquire Hughes Telematics in $700m deal
17/06/2008. Polaris Acquisition Corp., a special purpose acquisition corporation, has agreed to acquire Atlanta-based automotive technology solutions company Hughes Telematics in an all-stock transaction valued at approximately $700m. The deal includes an additional $140m in capital to fund the company's growth opportunities, according to a statement.

Carlyle to acquire De La Rue's Cash Systems for £360m
16/06/2008. The Carlyle Group has agreed to acquire Cash Systems, a Basingstoke, UK-headquartered business that provides cash handling technology, from De La Rue for an enterprise value of £360m.

Hudson Clean Energy Partners hires Shaun Kingsbury
13/06/2008. Renewable energy-focused private equity firm Hudson Clean Energy Partners has appointed Shaun Kingsbury as a partner, based in the firm's London office. In his new role he will be responsible for Hudson's European operations.

Candover, Goldman Sachs, AlpInvest increase Expro offer to £1.8bn
13/06/2008. Candover Partners, Goldman Sachs Capital Partners and AlpInvest Partners, through new acquisition vehicle Umbrellastream, have increased their previously agreed offer for well flow management business Expro to £1.806bn.

Reiten & Co to sell SafeRoad to Nordic Capital
13/06/2008. Oslo-based mid-market private equity firm Reiten & Co and other shareholders have agreed to sell Ørsta, Norway-headquartered traffic safety business SafeRoad to Nordic Capital's Nordic Capital Fund VII. Financial terms were not disclosed.

Phoenix to sell Partnership to Cinven
10/06/2008. UK mid-market private equity firm Phoenix Equity Partners has agreed to sell UK's retirement solutions provider Partnership Group Holdings to a new company funded by Cinven and Partnership's management team, for £150m.

Silverfleet to make 3.1 times return on Jost World investment
10/06/2008. European private equity firm Silverfleet Capital, formerly known as PPM Capital, has agreed to sell Jost World, a German manufacturer of components for commercial vehicles, to Cinven. Silverfleet expects the deal to result in a 3.1 times money multiple and an IRR of 47 per cent on their original equity investment.

21 Centrale Partners to back €74m Club Med Gym MBO
09/06/2008. 21 Centrale Partners, the French arm of Franco-Italian mid-market buy-out house 21 Group, has agreed to back the MBO of Club Med Gym from Group Club Méditerranée. 21 Centrale Partners and the company's management will acquire 80 per cent of Club Med Gym for €74m.

Aurelia, European Founders Fund, United Internet Beteiligungen sell Bigpoint
09/06/2008. Aurelia Private Equity, European Founders Fund and United Internet Beteiligungen have agreed to sell a majority stake in Hamburg, Germany-based online multi-player games company Bigpoint to media and communications sector-focused private equity firm GMT Communications Partners, Peacock Equity Fund and the company's management. The deal is valued at €70m.

Apax, Madison Dearborn, TA buy €1.1bn stake in Weather Investments
06/06/2008. A consortium of private equity firms comprising Apax Partners, Madison Dearborn Partners and TA Associates has acquired a ten per cent stake in telecommunications company Weather Investments for €1.1bn.

ISIS sells SLR Consulting to 3i for £100m
04/06/2008. UK lower mid-market buy-out firm ISIS Equity Partners has sold its shareholding in UK environmental consultancy SLR Holdings to 3i in a secondary buy-out worth about £100m. The sale generates a six times multiple and an IRR of 72 per cent, ISIS said in a statement.

CVC to acquire €2.4bn stake in German company Evonik
04/06/2008. CVC Capital Partners, which has had an office in Frankfurt since 1986, has agreed to acquire a 25.01 per cent stake in German chemicals, energy and real estate company Evonik Industries from the state-controlled RAG Foundation, the sole shareholder of the business to date, for approximately €2.4bn.

L Capital to acquire Princess Yachts
04/06/2008. L Capital, an investment group sponsored by luxury brand group LVMH and Groupe Arnault, the investment vehicle of French billionaire Bernard Arnault, has agreed to acquire high-end yacht company Princess Yachts International for a reported £200m.

Barclays Private Equity acquires Novem
02/06/2008. European mid-market buy-out firm Barclays Private Equity, alongside company management, has acquired vehicle interiors business Novem Group. Barclays Private Equity is acquiring an 85 per cent stake, while Novem management is taking a 15 per cent stake. Financial details were not disclosed. However, Barclays Private Equity said that Novem has an annual turnover of approximately €300m.

TPG to invest £179m in Bradford & Bingley
02/06/2008. US private equity firm TPG Capital has agreed to invest approximately £179m in UK mortgage lender Bradford & Bingley for a 23 per cent stake in the company. TPG is becoming the company's largest single shareholder.

Pacific Equity Partners buys American Stock Transfer & Trust Company
30/05/2008. Australasian private equity firm Pacific Equity Partners has acquired share registry business American Stock Transfer & Trust Company. Reports have suggested a deal size in the region of $1bn. The firm made the investment from its PEP IV fund.

21 Centrale Partners sells Averys
30/05/2008. 21 Centrale Partners has sold European storage systems company Averys to LBO France. 21 Centrale Partners took Averys private in 2005. The deal values the company at €180m.

Venture capital firm LSP to sell German biotechnology company U3 Pharma
22/05/2008. European venture capital firm LSP (Life Sciences Partners) has agreed to sell U3 Pharma, a Martinsried, Germany-based biotechnology company focusing on research into antibodies for the treatment of cancer, to Japanese pharmaceutical company Daiichi Sankyo in a transaction valued at €150m.

Lion Capital to go for Russian Alcohol
22/05/2008. London-based private equity firm Lion Capital has agreed to acquire a majority stake in Moscow-headquartered Russian Alcohol Group from Russian investment company Industrial Investors. Central European Distribution Corporation, a major vodka producer in Poland and Russia, and Goldman Sachs will also invest in Russian Alcohol alongside Lion Capital.

BCE: would-be record buy-out blocked by Québec court
22/05/2008. The investor group led by Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, Providence Equity Partners, Madison Dearborn Partners and Merrill Lynch Global Private Equity, has had its BCE privatisation deal blocked by the Québec Court of Appeal. The court decided in favour of BCE bondholders who claimed that the deal was unfair to them.

Providence to invest $640m in Indian communications company ABTL
22/05/2008. Providence Equity Partners has agreed to invest $640m in Indian wireless communications company Aditya Birla Telecom Limited, a wholly-owned subsidiary of GSM mobile services operator and Providence portfolio company Idea Cellular.

Investor group puts $2.46bn into XOJET
22/05/2008. California-based private jet business XOJET has secured up to $2.46bn of financing. Investors include Tasameem Real Estate Company, TPG, Export Development Canada, financial services firm White Oak Global Advisors and XOJET founder Paul Touw.

CII consortium is preferred bidder for Pennsylvania Turnpike lease
20/05/2008. Citi Infrastructure Investors, a unit of Citi Alternative Investments, together with European infrastructure manager Abertis Infraestructuras and investment group Criteria CaixaCorp, a major shareholder of Abertis, has been named the preferred bidder for the 75-year lease of the Pennsylvania Turnpike. If completed, the deal will be worth approximately $12.8bn.

Aquiline, New Mountain, TPG establish $1.75bn commercial finance company Tygris
20/05/2008. US private equity firms Aquiline Capital Partners, New Mountain Capital and TPG Capital have established commercial finance company Tygris Commercial Finance Group, with over $1.75bn in equity commitments. Other investors include Diamond Castle Holdings and Hamilton Lane.

Carlyle acquires majority stake in ITS Technologies
20/05/2008. The Carlyle Group has acquired a majority interest in intermodal facilities operator ITS Technologies & Logistics from Lanigan Holdings, for an undisclosed sum. The Lanigan family will retain a significant minority equity stake in the company.

SSCP, Sirius to acquire Italian company Jeckerson in €140m deal
19/05/2008. European mid-market private equity firm Stirling Square Capital Partners and retail industry-focused investment firm Sirius Equity have agreed to back the MBO of Bologna-based sportswear company Jeckerson from Blue Fashion Group. The transaction values Jeckerson's enterprise and equity at €140m and €125m, respectively.

CapMan to acquire Cederroth
19/05/2008. CapMan has agreed to acquire European company Cederroth International from American listed company Alberto-Culver Company for an undisclosed sum.

TPF to sell Caledonia Energy Partners
19/05/2008. Tenaska Capital Management, manager of the Tenaska Power Fund, alongside other owners, has agreed to sell Caledonia Energy Partners, owner of gas storage facility Caledonia Gas Storage Field in Northeast Mississippi, to ENSTOR, the Houston-based natural gas storage unit of Spanish-listed IBERDROLA RENEWABLES, part of the Spanish utility Iberdrola group of companies.

Carlyle to acquire Booz Allen's US government consulting business for $2.54bn
16/05/2008. The Carlyle Group has agreed to buy a majority stake in Booz Allen Hamilton's US government consulting business for $2.54bn.

Aureos strikes cooperation agreement with Costa Rica's junior stock market
15/05/2008. Aureos Capital's Emerge Central America Growth Fund (EMERGE) has signed a cooperation agreement with Carlos Mora de la Orden, authorised sponsor of Costa Rica's junior stock market MAPA.

Carlyle teams up with Shandong Province in China to increase investment in the region
14/05/2008. The Carlyle Group and the Department of Foreign Trade and Economic Cooperation of Shandong Province (SDFTEC) have entered into a memorandum of understanding to enhance trade co-operation and stimulate investment in the province.

Bain Capital, THL now pay $36 per share to complete Clear Channel buy-out
14/05/2008. The legal dispute over financing the buy-out of Clear Channel Communications appears to be resolved. Bain Capital Partners and Thomas H. Lee Partners, supported by a banking consortium, have now agreed to acquire Clear Channel for $36 per share per share or approximately $17.9bn, down from the original $37.60 per share and the later revised $39.20 per share.

GSC Group to acquire Complete Energy for $1.3bn
13/05/2008. GSC Acquisition Company, a special purpose acquisition company managed by alternative asset manager GSC Group, has agreed to acquire independent US power producer Complete Energy Holdings in a deal that values the company at $1.3bn.

GP Investments to acquire R$259m stake in Brazilian company Estácio
12/05/2008. Latin American private equity firm GP Investments has agreed to acquire a 20 per cent stake in listed Brazilian educational company Estácio Participações from the founders of the business. The total value of the transaction is R$259m (US$155m), or R$5.50 per share (equivalent to R$16.50 per unit), according to a statement.

Tenaska, Warburg Pincus to sell US generating facilities
12/05/2008. Tenaska Power Fund and Warburg Pincus have agreed to sell APT Generation, a portfolio of three electric generating plants in Pennsylvania, West Virginia and Ohio. In a separate transaction, TPF has also agreed to sell the Calumet Energy Power Station, a 303-megawatt power plant in Chicago.

Carlyle to acquire NH Techno Glass
12/05/2008. The Carlyle Group has agreed to buy a majority stake in NH Techno Glass, a manufacturer of LCD glass substrates that is a 50-50 joint venture of HOYA Corporation and Nippon Sheet Glass Co.

Carlyle buys chemicals Greek distribution company Neochimiki
09/05/2008. The Carlyle Group has acquired 73.54 per cent of the shares of Neochimiki L.V. Lavrentiadis S.A. Industrial and Commercial Company for €19 per share. The transaction values the company at €749m.

3i invests in German DruckChemie
09/05/2008. 3i has agreed to back the €133m secondary buy-out of Ammerbuch, Germany-headquartered DruckChemie, a speciality service provider to the printing industry, from SG Capital Europe and Quartus.

First Reserve, Schlumberger to acquire Saxon Energy Services
07/05/2008. Sword Canada Acquisition Corporation, an acquisition vehicle jointly owned by oilfield service company Schlumberger and energy-focused private equity firm First Reserve Corporation, has agreed to acquire drilling and well servicing business Saxon Energy Services for CAN$7 per share. The deal values the company at CAN$592m.

Activa invests in Sport 2000
07/05/2008. Paris-based private equity firm Activa Capital has agreed to take a 37 per cent stake in French sports retailer Sport 2000. Financial terms of the deal were not disclosed.

EQT to acquire Strauss Innovation
06/05/2008. The EQT Opportunity Fund has agreed to acquire a majority stake in German private label retail chain Strauss Innovation via a capital increase. Following completion of the transaction, the current majority owner, the Geringhoff family, will continue to hold a significant stake in the company.

Nordic Capital, Avista Capital to acquire ConvaTec for $4.1bn
06/05/2008. Private equity firms Avista Capital Partners and Nordic Capital have agreed to acquire biopharmaceutical business unit ConvaTec from Bristol-Myers Squibb Company for approximately $4.1bn, subject to adjustments based on ConvaTec's audited 2007 financial statements and closing working capital.

Private equity consortium acquires telecom company GTS Central Europe
06/05/2008. A private equity consortium led by Columbia Capital, M/C Venture Partners and Innova Capital and including HarbourVest Partners, Oak Investment Partners and Bessemer Venture Partners has acquired 100 per cent of telecom service operator GTS Central Europe from Group Menatep Limited. Financial details of the transaction were not disclosed.

CCMP to sell Safetykleen to Warburg Pincus in £565m deal
30/04/2008. CCMP Capital Advisors has agreed to sell industrial service provider Safetykleen Europe to Warburg Pincus in a deal that values the company at approximately £565m. The senior team at Safetykleen will roll over a 'substantial proportion' of their shareholding and will continue to lead the business going forward, according to a statement.

Francisco Partners to sell Metrologic to Honeywell for $720m
29/04/2008. Technology-focused private equity firm Francisco Partners has agreed to sell Metrologic Holdings Corporation to industrial supplies manufacturer Honeywell International for $720m.

Permira to sell debitel to freenet in €1.63bn deal
28/04/2008. Permira has agreed to sell German mobile service provider debitel to freenet, an entity listed on the German stock exchange, in a deal valued at €1.63bn.

HM Capital buys TriDimension Energy
25/04/2008. HM Capital Partners has acquired Dallas-headquartered oil and gas exploration company TriDimension Energy for an undisclosed amount. As part of the transaction, the company's management team will reinvest a substantial portion of its proceeds to acquire a minority stake alongside the Dallas-based private equity firm.

HitecVision to invest $120m in Spring Energy Norway
24/04/2008. Norway-based private equity firm HitecVision Private Equity has agreed to provide $120m in equity financing from its HitecVision V fund to Oslo oil and gas company Spring Energy Norway.

BS Private Equity to exit investment in Radici Film
24/04/2008. Italian private equity firm BS Private Equity and Centrobanca have agreed to sell 100 per cent of European plastic films supplier Radici Film to Dubai-headquartered Taghleef Industries. Terms of the transaction were not disclosed, but sources close to the deal said the deal was worth around €200m. BS Private Equity and Centrobanca expect to make about two times their money.

CVC acquires Dutch supermarket chain Schuitema in €950m deal
23/04/2008. CVC Capital Partners has acquired a 73.2 per cent interest in Dutch supermarket chain Schuitema from supermarket group Ahold in a deal that values the company at €950m.

Corsair Capital invests in US bank National City
22/04/2008. Financial services sector-focused private equity firm Corsair Capital and another, unnamed private equity investor are investing $985m in troubled US bank National City Corporation. A further $6.015bn of equity capital will be provided by investors including several of National City's institutional stockholders.

3i to invest €225m in Hispanic radio operator Unión Radio
22/04/2008. 3i has agreed to take a minority stake in Unión Radio. The firm has made an initial investment of €125m in the Hispanic radio operator, out of a total commitment of €225m, via a private placement and capital increase.

J.C. Flowers abandons $7bn Friends Provident deal
21/04/2008. New York-based buy-out giant J.C. Flowers & Co. is no longer planning to make an offer for UK life insurance company Friends Provident.

LGT to acquire Hong Kong-based fund of hedge funds KGR Capital
21/04/2008. Pfaeffikon, Switzerland-headquartered alternative assets and fund of funds manager LGT Capital Partners has agreed to acquire Hong Kong-headquartered fund of hedge funds KGR Capital for an undisclosed amount.

Candover, Goldman Sachs, AlpInvest to acquire Expro for £1bn
17/04/2008. Candover Partners, Goldman Sachs Capital Partners and AlpInvest Partners have teamed up to acquire well flow management business Expro. The three firms have set up a new acquisition vehicle, Umbrellastream, through which they have agreed the £1.605bn deal.

Pharos, TPG to acquire American Beacon Advisors for $480m
17/04/2008. Pharos Capital Group and TPG Capital have agreed to acquire American Beacon Advisors, the asset management subsidiary of AMR Corporation, the parent company of American Airlines. The firms have established a new acquisition vehicle, Lighthouse Holdings, to acquire the company for approximately $480m. AMR will retain a minority equity stake in the business.

Tenaska Power Fund to sell Holland Energy power plant for $383m
15/04/2008. US energy-focused private equity fund Tenaska Power Fund has sold gas-fuelled power plant Holland Energy to Indiana electric cooperatives Wabash Valley Power and Hoosier Energy for $383m.

August Equity sells Healthcare Homes Group to Bowmark for £75m
14/04/2008. UK private equity firm August Equity has completed the sale of residential care provider Healthcare Homes Group to fellow UK private equity firm Bowmark Capital for £75m.

HgCapital to sell Boosey & Hawkes to Imagem Music for £126m
11/04/2008. European mid-market private equity firm HgCapital has agreed to sell Boosey & Hawkes, a UK-headquartered classical music publishing and rights group, to Imagem Music for approximately £126m. Imagem Music is the music publishing fund of Stichting Pensioenfonds ABP and CP Masters.

Apax to acquire TriZetto in $1.4bn deal
11/04/2008. Apax Partners has agreed to acquire California-based healthcare IT solutions provider TriZetto Group in a transaction valued at approximately $1.4bn. Trizetto customers health insurance firm BlueCross BlueShield of Tennessee and healthcare company The Regence Group are also investing in the company.

Gresham to back £82.5m MBO of Johnson Clothing
11/04/2008. UK mid-market buy-out firm Gresham has agreed to back the £82.5m MBO of East Midlands, UK-headquartered corporatewear provider Johnson Clothing Limited from Johnson Service Group.

TPG to invest $800m in Russian pharmaceutical company SIA International
09/04/2008. TPG Capital has agreed to acquire a 50 per cent stake in Russian pharmaceutical distributor SIA International from company founder Igor Rudinsky, in a deal worth approximately $800m. The transaction is funded entirely through equity, according to a statement.

Alto Partners Development Capital to sell Italian manufacturer Metalcastello
08/04/2008. Milan-based mid-market buy-out firm Alto Partners, through its Development Capital I fund, has agreed to sell its majority stake in Italian independent gear manufacturer Metalcastello, alongside other investors, to Indian manufacturer Mahindra & Mahindra and Indian private equity firm ICICI Venture. The agreement is the result of an auction.

US firm Odyssey to sell protective equipment producer Norcross for $1.2bn
08/04/2008. Odyssey Investment Partners has agreed to sell Oak Brook, Illinois-based protective equipment producer Norcross Safety Products to Honeywell International in a transaction valued at approximately $1.2bn. The New York-based mid-market private equity firm is will make an approximate six times return on its investment, sources close to the deal said.

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