VCJ Staff

Inverness Capital Partners has acquired ElectriTek AVT Inc., a Newton Square, Pa.-based maker of battery assemblies and chargers, according to LBO Wire. No financial terms were disclosed.

Norwest Equity Partners has sponsored the second recapitalization of Imperial Supplies LLC, a Green Bay, Wis.-based distributor of maintenance products to fleet and related industries. The proceeds from this second recapitalization, similar to the first one completed in February 2005, will provide a distribution for the company's shareholders and funding for continued growth initiatives. www.nep.com […]

Tonka Bay Equity Partners has acquired Circuit Check Inc., a Maple Grove, Minn.-based maker of interfaces to test mission-critical printed circuit board assemblies. No financial terms were disclosed. www.circuitcheck.com

Behrman Capital has acquired Peacock Engineering Co., a Geneva, Ill.-based provider of outsourced food packaging services to consumer products companies. The deal is valued at $172.5 million. Giuliani Capital Advisors advised Peacock on the deal, while leverage was provided by Bank of Ireland, Madison Capital Funding and Citigroup Mezzanine Partners. www.peacockeng.com

Pacific Equity Partners and Merrill Lynch Global Private Equity have offered to acquire Veda Advantage Ltd. (f.k.a. Baycorp Advantage), a listed credit-checking giant in Australia and New Zealand. The offer is Au$3.61 per share, which would value Veda at approximately Au$823 million.

Texas Pacific Group confirmed that it is among the several bidders for Italian airline Alitalia SpA. The ultimate sale price could top $2 billion.

Warburg Pincus reportedly has agreed to acquire a 25% position in Shanghai ZK Real Estate for an undisclosed amount

Silver Point Capital has agreed to acquire Sage Telecom Inc., an Allen, Texas

Spell Capital Partners has acquired Rotonics Manufacturing Inc. (AMEX: RMI), a Gardena, Calif.-based rotational molding company, for $3 per share. Rotonics will delist later today. The total deal is valued at approximately $31 million, including $21 million in leverage arranged by Wells Fargo. www.rotonics.com

Sun Capital Partners has acquired certain assets of Elliston, Va.-based Rowe Furniture Inc., a bankrupt manufacturer of custom upholstered furniture. No financial terms were disclosed. www.suncappart.com, www.rowefurniture.com