Private Equity deals that closed! 09/06/2013

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

The Blackstone Group and GIC each are nearing deals to acquire 30% stakes in UK pension insurer Rothesay Life from Goldman Sachs, according to the FT. Mass Mutual would acquire an additional 6% position. The deals would value Rothesay Life at approximately £900

Bregal Partners has acquired US Community Behavioral, a provider of community-based residential and behavioral services to adults and children with intellectual and developmental disabilities in the western United States. No financial terms were

Cave Creek Capital Management has led an acquisition of QK Holdings LLC, the largest Denny’s franchisee in the United States. No financial terms were disclosed. Co-investors include Stewart Capital and Seacoast Capital. Senior lenders were GE Capital, National Bank of Arizona and Alliance Bank of Arizona.

Centerbridge Partners has acquired a minority equity stake in Syncreon Holdings Ltd., an Auburn Hills, Mich.–based provider of customized supply chain services. No financial terms were disclosed. Existing shareholders like GenNx360 Capital Partners will retain equity ownership positions.

First Reserve has agreed to acquire Utility Services Associates, a provider of maintenance, repair, rebuild and construction services for power transmission and distribution infrastructure in the Eastern U.S. No financial terms were disclosed for the deal, though which company management will retain an equity interest.

Kohlberg Kravis Roberts & Co. has agreed to acquire Mitchell International, a San Diego-based provider of claims technology and software solutions, from Aurora Capital Group. No financialterms were disclosed, although Reuters reports an enterprise value of approximately $1.1

Kohlberg Kravis Roberts & Co. is in pole position to gain preferential negotiating rights in the auction for Panasonic Corp.‘s healthcare unit, according to Reuters. The deal could be worth $1.5 billion, with other bidders including Toshiba Corp. and a consortium of Bain Capital, Mitsui & Co. and the Development Bank of Japan.

Navis Capital has acquired Guardian Early Learning Group, an Australian child-care center operator, according to the WSJ. The deal reportedly was worth around A$120

OnCourse Learning, a portfolio company of The Riverside Company, has acquired BankersEdge, a Norristown, Penn.-based provider of regulatory, employment, and leadership training. No financial terms were disclosed.

TDR Capital has agreed to acquire UK health club chain David Lloyd Leisure. No financial termswere disclosed, but Reuters reports a sale price north of £700 million.


Author: JD Morris

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