VCJ Staff

Laureate Education Inc. (Nasdaq: LAUR), a Baltimore-based provider of on-campus and online higher education, has agreed to be acquired for $3.8 billion by a consortium that includes Laureate chairman and CHO Douglas Becker, Kohlberg Kravis Roberts & Co., Citigroup Private Equity; S.A.C. Capital Management, SPG Partners, Bregal Investments, Caisse de d

Countrywide PLC shareholders have rejected a Gbp971 million management buyout offer sponsored by 3i Group. Countrywide is a U.K. property and financial services company. www.3i.com

Sterling Investment Partners has acquired a majority position in New York-based grocer Fairway Markets. LBO Wire reports that the deal values Fairway at more than $137 million, with an $87 million credit facility arranged by CapitalSource. Others lenders included BlackRock Kelso Capital,Citigroup, Dymas Capital Management, Golub Capital and JPMorgan Chase. www.sterlinglp.com

Arlington Capital Partners has agreed to sponsor a management buyout of Cambridge Major Laboratories Inc., a Germantown, Wis.-based chemistry outsourcing partner to pharmaceutical and biotech companies. No financial terms have been disclosed. CML president and CEO Michael Major tells peHUB that current management will remain in place, and that the deal was done in order […]

The Blackstone Group has raised its offer for Equity Office Properties Trust from $48.50 per share to $54 per share, bringing the overall transaction value to $38.3 billion (including $16 million in assumed debt). The move comes one week after Blackstone was topped by a $52 per share bid from Vornado Realty Trust, Starwood Capital […]

Avestha Gengraine Technologies Pvt. Ltd., an India-based biotech company focused on preventive personalized medicines, has raised Euro 25 million in Series C funding. New backers include Fidelity International, Limagrain Group, Daninvest and Danone, while return backers include ICICI Venture, Cipla, Godrej Industries, Tata Industries and bioM

Cardinal Health (NYSE: CAH) has agreed to sell its pharmaceutical technologies and services (PTS) business to The Blackstone Group for approximately $3.3 billion. PTS develops, manufactures and packages medication and other products for pharma and biotech firms, and employs approximately 10,000 people at more than 30 global facilities. It generates approximately $1.8 billion in annual […]

UnumProvident Corp. (NYSE: UNM) has agreed to sell subsidiary GENEX Services Inc. to a fund managed by Stone Point Capital. No financial terms were disclosed for the deal, which is expected to close by June. GENEX is a Wayne, Pa.-based provider of workers' compensation and medical cost containment services. It was acquired by UnumProvident in […]

Eddie Bauer Holdings Inc. (Nasdaq: EBHI) has postponed a special shareholder meeting that had been scheduled for today, due to the identification of errors related to its tax accounting for 2005 and prior years. The meeting has now been pushed back to February 8, at which point shareholders will be asked to vote on a […]

Time Warner has agreed to sell 18 titles to Sweden-based Bonnier Publications for less than $300 million, according to The NY Post. Other bidders are reported to have included Quadrangle Group, Boston Ventures, Intermedia Advisors and Active Media/Windpoint Partners. The titles include Field & Stream, Outdoor Life, Snowboarding and TransWorld. www.time.com