Term Sheet

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

Private equity deals

February 1, 2012: 9:16 AM ET

The Blackstone Group is considering a buyout offer for Brocade Communications (Nasdaa: BRCD), according to Bloomberg. Brocade has been seeking a buyer for nearly three years, and has a current market cap of approximately $2.7 billion. www.brocade.com

Capstone Natural Resources, a Tulsa, Okla.-based oil and gas production company, has raised $100 million in growth equity funding from Lime Rock Partners. www.lrpartners.com

THURSDAY, FEBRUARY 2

Intervale Capital has acquired Allied Oil & Gas Services, a Fort Worth, Texas-based cementing and acidizing company. No financial terms were disclosed. www.intervalecapital.com

Lightyear Capital has acquired Paradigm Management Services, a Walnut Creek, Calif.–based provider of healthcare management services, from Sterling Partners. No financial terms were disclosed. Harris Williams & Co. managed the sale. www.lycap.com

Prospect Medical Holdings, a portfolio company of Leonard Green & Partners, has acquired the assets ofNix Health, a provider of medical services in the San Antonio area, from Merit Health Systems LLC. No financial terms were disclosed. www.prospectmedical.com

TPG Capital is in talks to make a bid for Australian apparel company Pacific Brands, according to Reuters. KKR bid on Pacific Brands earlier this year.

Warburg Pincus has acquired FacilitySource, a Columbus, Ohio–based provider of facility maintenance and management solutions to retailers and other multi-site operators. No financial terms were disclosed.www.warburgpincus.com

WEDNESDAY, FEBRUARY 1

TPG Capital has agreed to acquire hedge fund services company GlobeOp Financial Services (LSE: GO) for £508 million, beating out rival bidder Advent International. Evercore Partners managed the process for GlobeOp.

Bain Capital Partners and Unitas Capital are among second-round bidders for Prestolite Electric Inc., a Michigan-based maker of vehicle alternators and starter motors, according to Reuters. Prestolite owner First Atlantic hired Goldman Sachs to manage the sale, which could be worth around $400 million. www.prestolite.com

Bain Capital Partners and Thomas H. Lee Partners have committed up to $300 million into Ryan Seacrest Media, to acquire and develop media companies, media content and other media properties. In related news, Clear Channel has invested an undisclosed amount for a minority stake in RSM. Clear Channel is a Bain and THL portfolio company.

CHS Capital has acquired Dura-Line Holdings, a Knoxville, Tenn.-based maker of communication and energy infrastructure products and systems, from Audax Group. No financial terms were disclosed. Moelis & Co. and Lincoln International advised Dura-Line on the deal. www.chsonline.com

Permira and Technology Crossover Ventures have completed their previously-announced $1.5 billion acquisition of Genesys, a Daly City, Calif.-based maker of call-center software, from Alcatel-Lucent (NYSE: ALU). www.permira.com

The Riverside Company has acquired YourMembership.com Inc., a St. Petersburg, Fla.–based provider of web-based membership management software. No financial terms were disclosed. www.yourmembership.com

Unitas Capital has acquired a majority stake in China-based restaurant chain Babela Group from The Carlyle Group. The deal is valued at approximately $40 million. www.unitascapital.com

Vista Equity Partners has completed its previously-announced acquisition of the trade and risk management business of Thomson Reuters (NYSE: TRI). No financial terms were disclosed. The company will be renamed Turaz. www.turazglobal.com

Wellspring Capital Management has acquired ThermaSys Corp., a Montgomery, Ala.-based maker of heat exchanger components and assemblies, from Sun Capital Partners. No financial terms were disclosed. www.thermasys.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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