VCJ Staff

Select Equity Group, the third-largest institutional shareholder of Laureate Education Inc. (Nasdaq: LAUR), said in a letter that a proposed $3.8 billion buyout offer is “grossly inadequate” and is “flawed by clear conflicts of interest.” The former reference is to the $60.50 per share offer, while the latter is to the fact that Laureate chairman […]

EQT Partners has agreed to acquire German fashion group CBR Holding GmbH from Apax Partners and Cinven. No financial terms were disclosed. www.eqt.se

SIG Strategic Investments has acquired substantially all of the assets of U.S. Mills Inc., a Needham, Mass.-based maker of branded cereals and snack foods. www.usmillsinc.com

Central Parking Corp. (NYSE: CPC) of Nashville has agreed to be acquired for $22.53 per share by Kohlberg & Co., Lubert-Adler and Chrysalis Capital Partners. The total deal is valued at around $726 million. Central Parking was advised by The Blackstone Group. www.parking.com

American Securities Capital Partners last week closed its acquisition of a majority stake in NEP Broadcasting LLC from Apax Partners and Spectrum Equity Investors. No financial terms were disclosed. NEP is a Pittsburgh-based provider of outsourced media services, and was acquired by Apax and Spectrum from Wachovia Capital Partners in 2004. www.nepinc.com

Countrywide PLC reportedly has received a

GE Energy Financial Services has paid $65 million to acquire a preferred equity interest in the Bobcat underground salt dome storage project in Louisiana from Haddington Energy Partners. GE will have a one-time option to convert its preferred interest to 50% common ownership within 90 days of the commencement of the project's commercial operations. RBS […]

Stirling Square Capital Partners and Diamond Castle Holdings have agreed to acquire Public Safety Equipment, an international provider of highway safety solutions, from Seton House Acquisition Ltd. (f.k.a. Britax Group). No financial terms were disclosed.

Sentinel Capital Partners has acquired Trussbilt LLC, a New Brighton, Minn.

LogicaCMG has sold its Telecom Products business for Gbp265 million in cash to a private equity consortium led by Atlantic Bridge Ventures. The business, to be renamed Acision, provides converged mobile messaging solutions for text and multimedia messaging for 300 network operators and service providers, who serve over 1 billion consumers worldwide. It generated Gbp254.7 […]