VCJ Staff
General Atlantic has completed its acquisition of Network Solutions, a Herndon, Va.-based provider of online solutions for small businesses, from Najafi Cos. (f.k.a. Pivotal Private Equity). No financial terms were disclosed for the deal, which did not result in a change of senior management. www.networksolutions.com
Palladium Equity Partners has acquired a “significant minority” interest in Sahale Snacks, a Seattle-based maker of branded and private-label, all-natural gourmet snack foods. No financial terms were disclosed. www.palladiumequity.com www.sahalesnacks.com
Pfingsten Partners has acquired two custom closet organization companies: Closet Works Inc. of Elmhurst, Ill. and Crowne Enterprises LLC of Las Vegas. No financial terms for either transaction were disclosed. www.pfingstenpartners.com
Flexpoint Partners has acquired a majority interest in Norwich Group Inc., a Rosemont, Penn.-based commercial property/casualty insurance company. No financial terms were disclosed, although LBO Wire puts the price-tag at nearly $100 million. www.flexpointpartners.com www.norwichgroup.com
Champ Private Equity, the Australian affiliate of Castle Harlan, has acquired New Zealand-based printing company Blue Star Print Group Ltd. for NZ$385 million (US$267 million). Champ acquired Blue Star from company management, but many senior managers will continue to run the company and retain a minority ownership position. www.bspg.co.nz
Colony Capital and French billionaire Bernard Arnault have invested around Euro 4 billion to acquire a 9.8% stake in European retailer Carrefour SA, which has intensified talk that the company could get bought out. Further intensifying speculation was yesterday's resignation of chairman Luc Vandevelde. www.carrefour.com
British regulators have imposed a six-week deadline for a buyout consortium to make a bid for UK supermarket chain J Sainsbury. Blackstone Group is leading the consortium, which also includes CVC Capital, KKR and TPG. The bid would be worth a minimum of Gbp9.5 billion.
TPG and Cerberus Capital have been short-listed in the auction for Japanese consumer electronics company Victor Co. of Japan (JVC), according to The Deal. Second-round bids are due this week.
TorQuest Partners is in talks to acquire Associated Brands Income Fund (TSX: ABF.UN), a Toronto-based manufacturer and supplier of private-label dry-blend food products and household products.
KKR and Permira have acquired a majority stake in German television broadcaster ProSiebenSat.1 Media AG for an undisclosed amount.