Term Sheet

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

Private equity deals

September 19, 2012: 10:07 AM ET

The Blackstone Group has agreed to acquire Vivint, a Provo, Utah-based provider of provider of home technology services, at an enterprise value of just over $2 billion. Vivint had been 50% owned by Goldman Sachs, Jupiter Partners and Peterson Partners – all three of which are selling their stakes to Blackstone. Company management also will sell a portion of its holdings, thus giving Blackstone a majority stake. www.blackstone.com

Black Diamond Capital Management has helped sponsor an acquisition of the assets of White Birch Paper Co., a manufacturer of newsprint, directory paper and paperboard. No financial terms were disclosed.

GMT Communications Partners has sponsored a management buyout of Seagull AG, a provider of computer-based training systems and e-learning for seafarers. No financial terms were disclosed.www.gmtpartners.com

KRG Capital Partners has sponsored a recapitalization of Convergint Technologies, a Schaumburg, Ill.-based commercial security and life safety systems integrator. No financial terms were disclosed. Sellers include Cyprium Investment Partners. www.convergint.com

LBO France has acquired DIAM International, a Paris-based maker of luxury and retail point-of-purchase displays, from H.I.G. Capital. No financial terms were disclosed. www.lbofrance.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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