VCJ Staff

MidOcean Partners has agreed to acquire a 50% ownership position in Prism Business Media, upon Prism's completion of its previously-announced acquisition of Penton Media. The stake will be sold by Prism owners Wasserstein & Co., Highfields Capital Management and Lexington Partners. No financial terms are being disclosed. www.prismb2b.com

Reliance Communications of India is in talks to raise up to $1 billion, which would be used to form a subsidiary for its telecom towers business, according to The Financial Times. The Blackstone Group and The Carlyle Group are reported to be co-leading the deal, with other participants including Temasek and American Tower.

BlackEagle Partners, a middle-market affiliate of Apollo Management, has acquired an equity stake in Federal Broach & Machine Co., a Harrison, Mich.-based manufacturer of specialized broach machines and broach tools. No financial terms were disclosed. www.blackeaglepartners.com www.federalbroach.com

DLJ Merchant Banking Partners has acquired Peach Holdings Inc. (AIM: PSF), the parent company of specialty finance company Peachtree Settlement Funding. The deal is valued at Gpb3.85 per share, for a total of approximately Gbp402 million. Other equity participants include Credit Suisse, LLR Partners, Greenhill Capital Partners and Peachtree senior management. www.peachtreesettlementfunding.com

Shayne International Holdings Ltd., a Hangzhou, China-based manufacturer of high-end upholstered furniture and leather apparel, has raised $20 million in notes and warrants from Darby Asia Mezzanine Fund II.

Castle Harlan has completed its $110 million purchase of AmeriCast Technologies Inc. from KPS Special Situations Fund. AmeriCast is an Atchison, Kansas-based maker of complex steel castings.

Teachers' Private Capital has agreed to acquire specialty resin adhesive and paper overlays producer Dynea North America from Dynea Chemicals Oy of Finland. No financial terms were disclosed. www.otpp.com www.dynea.com

Lagard

Bessemer Venture Partners and Insight Venture Partners have agreed to acquire Netsmart Technologies Inc. (Nasdaq SC: NTST), a Great river, N.Y.-based based provider of enterprise software for health and human services organizations. The firms will pay $16.50 per share, for an aggregate transaction value of approximately $115 million. The deal is expected to close early […]

Doughty Hanson & Co. has agreed to acquire KP1, an Avignon, France-based manufacturer of prefabricated and pre-stressed concrete products, focusing on floors and structural systems for the building industry. No financial terms were disclosed, although Doughty Hanson did say that KP1 expects to generate 2006 revenue of approximately Euro 310 million. www.doughtyhanson.com www.kp1.com