VCJ Staff
Fortress Investment Group has agreed to acquire Bermuda-based reinsurer Alea Group Holdings Ltd. (LSE: ALEA) for
AXA Private Equity has acquired a majority stake in Flex Group from GSO Capital Partners for an undisclosed amount. DZ Bank provided leverage, while company management will hold the remaining minority position. Flex is a Germany-based maker of hand-held power tools, which was bought by GSO from Black & Decker in late 2005. www.axaprivateequity.com www.flex-tools.com
American Industrial Partners has acquired the Quality Measurement division of Illinois Tool Works Inc. (NYSE: ITW). No financial terms were disclosed for the deal, which included leveraged financing from GMAC Commercial Finance and Goldman Sachs Specialty Lending. The Quality Measurement division has been renamed Micro-Poise Measurement Systems LLC, and is an Akron, Ohio-based provider of […]
The Riverside Company has acquired Specialized Solutions, a Clearwater, Fla.
DaimlerChrysler confirmed that it has held talks with potential buyers for its slumping Chrysler unit. No further specifics were given, but The Detroit News reports that the asking price is around $8 billion, with three offers already on the table. www.daimlerchrysler.com
Carlyle/Riverstone has agreed to sell its 63% limited partnership interest in Buckeye GP Holdings LP (NYSE: BGH) to ArcLight Capital Partners, Kelso & Co. and Lehman Brothers. http://www.buckeye.com/
The Blackstone Group is in talks to acquire a stake in Guofeng Group, China's largest manufacturer of plastic products. http://www.blackstone.com/
Enterprise Investors has acquired Polish carpet, rug and hardwood floor retailer Komfort for EUR 64 million. Approximately half of the deal was financed by Bank Zachodni. www.ei.com.pl
Riverlake Partners has completed its acquisition of vacuum concentrator manufacturer Genevac from Thermo Fisher Scientific Inc. (NYSE: TMO). Specific financial terms were not disclosed, although Fisher Scientific referred to Genevac as a “$17 million business” in a press release. http://www.thermofisher.com/ http://www.riverlakepartners.com/
Brazos Private Equity Partners has agreed to acquire Ennis Paint Inc., according to LBO Wire. Ennis is an Ennis, Texas