VCJ Staff

Swander Pace Capital has acquired Raj Manufacturing Inc., a Tustin, Calif.

EGL Inc. (NYSE: EAGL) has received a $36 per share buyout offer from a group that includes EGL chairman and CEO Jim Crane, Centerbridge Partners and The Woodbridge Co. The deal would be valued at approximately $1.46 billion, with nearly $1.18 billion of leverage to be provided by Merrill Lynch, Pierce, Fenner & Smith and […]

EQT Partners has agreed to acquire cancer diagnostics company Dako Denmark AS for approximately $1.28 billion. Sellers include company founder Niels Harboe and Novo Nordisk. www.eqt.de www.dako.com

Axiom Equity Partners of Denver has acquired BLB Enterprises LLC, a Boston-based global supply company with a focus on manufacturing goods and procuring materials throughout Asia. No financial terms were disclosed. www.axiomequity.com

Catterton Partners has acquired MonoSol LLC, a Merrillville, Ind.-based developer of water-soluble films, from The Bass Group. News of the deal was first reported by LBO Wire, which put the price tag in excess of $55 million. Bass rolled some equity over into the deal, while existing MonoSol lender LaSalle Bank arranged senior financing. www.cpequity.com […]

Dow Chemical (NYSE: DOW) shares rose as much as 8% yesterday before settling up at 3.5%, on a UK press report that the company could be the target of a $54 billion buyout bid. The Sunday Express reported that the bidding consortium could include the Blackstone Group, Carlyle Group and KKR.

Kohlberg Kravis Roberts & Co. and Texas Pacific Group have agreed to acquire Dallas-based energy company TXU Corp. (NYSE: TXU), in a transaction valued at $45 billion. This would be the largest leveraged buyout in history, topping Blackstone Group's recent $39 billion deal for Equity Office. Under terms of the TXU agreement, company shareholders would […]

Apax Partners and Morgan Stanley Principal Investments have agreed to acquire Chicago-based insurance brokerage Hub International Ltd. (NYSE: HBG; TSX: HBG) for $40 per share. The total deal is valued at approximately $1.8 billion, including around $145 million of assumed debt. Hub is being advised on the sale by Merrill Lynch. www.apax.com www.hubinternational.com

Station Casinos Inc. (NYSE: STN) has accepted a received a $90 per share buyout offer that would be worth approximately $5.4 billion ($3.4 billion in assumed debt), from Colony Capital and company CEO Frank Fertitta. The original offer was just $82 per share. The deal is expected to close later this year, pending shareholder approval. […]

Steel Partners has agreed to acquire Bairnco Corp. (NYSE: BZ) for $13.50 per share. Bairnco is a Lake Mary, Fla.-based multinational that operates two distinct businesses – Arlon (electronic materials and coated materials segments) and Kasco (replacement products and services segment). www.bairnco.com