VCJ Staff
Lion Chemical Capital has agreed to acquire the EPDM and Rubber Chemicals businesses of Chemtura Corp. (NYSE: CEM). No financial terms were disclosed for the deal, although Chemtura did say that the units have annual revenues of approximately $300 million. www.chemtura.com
Verizon (NYSE: VZ) has agreed to sell the former MCI’s division serving corrections facilities to Global Tel*Link Corp., a portfolio company of The Gores Group. No financial terms were disclosed. www.verizonbusiness.com www.gores.com
Wellspring Capital Management has agreed to reacquire JW Aluminum Holding Co. from Superior Plus Income Fund. The deal is valued at $310 million, and is expected to close next month. JW Aluminum is a manufacturer of flat-rolled aluminum products, and had been first acquired by Wellspring from Walter Industries in December 2003 for $125 million. […]
The Riverside Company has agreed to acquire ONI SGPS SA, the wireline telecom unit of Portuguese utility Energias de Portugal. The deal is valued at Euro 160 million, and is expected to close early next year. www.riversidecompany.com
Blue Point Capital Partners and Endeavour Capital have acquired Dri-Eaz Products Inc., a Burlington, Wash.
Warburg Pincus has taken a stake in 7 Days Inn Group, an economy hotel chain in China, according to SinoCast.
Perry Capital and Oxford Lodging Advisory & Investment Group have acquired the Allerton Crowne Plaza Chicago from FelCor Lodging. No financial terms were disclosed for the deal, except that the new owners plan a $10 million renovation. CB Richard Ellis Hotels arranged the sale.
Fox Paine & Co. has agreed to acquire Wire Rope Corporation of America from KPS Special Situations Fund. No financial terms were disclosed for the deal, which is expected to close within 90 days. WRCA is a St. Joseph Mo.-based producer and marketer of specialty wire ropes. www.foxpaine.com
River Associates Investments of Chattanooga, Tenn. has agreed to acquire Wheaton Science Products from Alcan Inc. (NYSE: AL). Wheaton is a Millville, N.J.-based maker of equipment for scientific laboratories. No financial terms were disclosed for the sale, which is expected to close later this month. www.alcan.com
3M has agreed to sell its global pharmaceuticals division in three separate deals worth a total of around $2.1 billion. First, Graceway Pharmaceuticals, a Bristol, Tenn.-based drug company owned by GTCR, will pay $875 million for 3M's pharma operations in the U.S., Canada and Latin America. Graceway also will subsume fellow GTCR portfolio company Chester […]