VCJ Staff
Lone Star Steakhouse (Nasdaq: STAR) shareholders approved a $27.35 per share buyout offer from Dallas-based Lone Star Funds. www.lonestarsteakhouse.com
Citigroup Venture Capital International and Partners in Life Sciences have completed their acquisition of Turkish drug production company Biofarma from Selcuklu Holding and the Oncel Family. Garanti Bankasi provided leveraged financing, but no additional terms were disclosed. www.biofarma.com.tr
Moneta Energy Services Ltd., a Canadian gas marketing startup, has raised an undisclosed amount of initial capital from Kestrel Energy Partners LLC, an energy investment firm funded by Yorktown Partners.
Segulah has acquired Isaberg Rapid, a Swedish maker of staples and staplers, from Industrivarden. No financial terms were disclosed, except that Isaberg Rapid had 2005 revenue of around US$131 million and EBITDA of US$8.5 million. www.segulah.se
VCG Inc., a Roswell, Ga.-based provider of staffing software, has completed a $17.55 million recapitalization, according to a regulatory filing. Remaining shareholders include Jefferson Capital Partners, C&B Capital and Equity South Partners. www.vcgsoftware.com
Silver Lake Partners and Texas Pacific Group have agreed to acquire travel reservations company Sabre Holdings (NYSE: TSG) for $5 billion, including around $550 million in assumed debt. Sabre shareholders will receive $32.75 per share, or a 30% premium over the company's average closing price in the 60 days ending December 8. www.sabre.com
Doughty Hanson & Co. has agreed to acquire Spanish bus and bus station operator Avanza. No financial terms were disclosed for the deal, which is expected to close next month. This is Doughty Hanson's first private equity investment in Spain. www.doughtyhanson.com
Macquarie Bank and Texas Pacific Group are expected to bid up to US$8.4 billion for Australian airline company Qantas Airways, according to The Wall Street Journal.
Franklin Electric Co. Inc. (Nasdaq: FELE) has sold its Bluffton, Ind.-based Engineered Motor Products Division to CapitalWorks LLC of Cleveland. No financial terms were disclosed. Evarts Capital advised Franklin Electric on the deal. www.franklin-electric.com www.capitalworks.net
Friend Skoler & Co. has invested in Accessories Marketing Inc., a manufacturer and marketer of flat tire prevention and repair products. No financial terms were disclosed. Company management also participated in the equity tranche, as did senior note leader CIT. National City Equity Partners provided subordinated notes. www.friendskoler.com