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AIG Capital Partners has led a buyout of Companhia Providencia Industria e Comercio (Providencia), a Brazil-based manufacturer a fabric made of polypropylene used in disposable goods such as diapers and feminine care, and durable goods such as auto-parts and home furniture. The deal was valued at $432.6 million, with other members of the buyout consortium […]
Resilience Capital Partners has acquired Branstrator Corp., a Ft. Wayne, Ind.-based sunroom manufacturer. No financial terms were disclosed. www.branstrator.com
BT Group PLC has acquired International Network Services Inc., a Santa Clara, Calif.-based provider of IT consulting and software, from West Coast Venture Capital. No financial terms were disclosed. West Coast led a spinout of the company from Lucent in 2002. www.ins.com
The Riverside Company has acquired Publishing Business Systems Inc., a Minneapolis, Minn.-based provider of circulation software for the newspaper industry. No financial terms were disclosed. Riverside will add PBS onto existing portfolio company Digital Technology International, which provides newspaper publishing software. www.riversidecompany.com www.pbs.com
Angelo, Gordon & Co. has acquired NOVA Gaming LLC from a group of individual owners. NOVA is a Greenville, S.C.
Carlyle/Riverstone has agreed to acquire a majority stake in Titan Specialties Ltd., a Pampa, Texas-based provider of perforating gun systems, shaped charges, well-logging instrumentation and other ancillary drilling and completion products for the oilfield services industry. No financial terms were disclosed for the deal, which includes leverage arranged by Credit Suisse. Merrill Lynch advised Titan on […]
Vornado Realty Trust has again raised the ante for Equity Office Properties Trust, by raising its bid to $56 per share. This tops a revised $54 per share offer from The Blackstone Group, which originally had bid $48.50 per share. No matter who wins, the final sale price will represent the largest leveraged buyout in […]
Aksia Capital of Italy has acquired a majority stake in Robuschi SpA, a maker of industrial blowers and pumps. The equity investment was Euro 30 million, with senior credit facilities provided by Interbanca and BNL.
First Reserve Corp. has sold Aquilex Corp. to Harvest Partners for an undisclosed amount. Aquilex is a Norcross, Ga.-based energy service provider specializing in refining, nuclear and fossil power generation and waste to energy. Aquilex was advised on the deal by Harris Williams & Co. www.aquilex.com
Platinum Equity is the favored bidder for bankrupt Delphi Corp.'s steering and halfshaft division, with a preliminary bid reported to be valued at around $560 million. The two firms continue to negotiate.
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