Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Private equity deals

January 6, 2012: 10:16 AM ET

Advent International and TPG Capital reportedly are in talks to acquire hedge fund services company GlobeOp Financial Services (LSE: GO), which is being advised by Evercore Partners. GlobeOp currently has a market cap of over £310 million.

Arbor Investments has acquired Great Lakes Packaging Corp., a Germantown, Wis.-based maker and distributor of corrugated packaging, point-of-purchase displays and specialty packaging products. No financial terms were disclosed. www.arborinvestments.com

AXA Private Equity has agreed to acquire a majority stake in French window maker Ouveo. The sellers are Alliance Entreprendre and FSI Regions. No financial terms were disclosed, except that Ouveo generates more than €30 million in annual revenue. www.axaprivateequity.com

Bain Capital, CVC Capital Partners and BC Partners are circling Ahlsell AB, a Swedish provider of construction products that is currently owned by Cinven and Goldman Sachs Capital Partners. The deal could be valued at around $2.3 billion, according to Bloomberg.

BC Partners and Cinven are the last remaining bidders for British legal services company CPA Global, according to Reuters. The company is being sold by Intermediate Capital Group for around £700 million.

Edge Adhesives, a portfolio company of Superior Capital Partners, has acquired the assets of PARR Technologies, an Elkhart, Ind.-based maker of butyl tapes, sealants and coatings. No financial terms were disclosed. www.partechllc.com

Frontier Capital has sponsored a majority recapitalization of Healthx Inc., an Indianapolis-based provider of healthcare IT to health insurers, their members, and physicians. No financial terms were disclosed. Berkery Noyes advised Healthx on the deal. www.healthx.com

Grey Mountain Partners has acquired Binswanger Enterprises, a Memphis, Tenn.-based designer, installer and retailer of architectural glass and aluminum products. No financial terms were disclosed. www.binswangerglass.com

The Jordan Co. has acquired Vantage Specialty Chemicals, a Chicago-based maker of chemicals from naturally-derived ingredients, from H.I.G. Capital. No financial terms were disclosed, except that Vantage has annual revenue in excess of $500 million. www.thejordancompany.com

Manitoba Harvest Hemp Foods & Oils, a Canadian hemp food manufacturer, has raised an undisclosed amount of equity funding from White Road Investments and return backer Avrio Ventures. www.manitobaharvest.com

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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