Term Sheet

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

Private equity deals

November 8, 2012: 9:54 AM ET

The Carlyle Group has abandoned its efforts to acquire British military ammunitions and defense company Chemring Group PLC (LSE: CHG), which currently is valued at just under £500 million. Since Carlyle originally expressed interest in Chemring two months ago, the company has repeatedly cut its earnings forecasts, ousted its CEO and seen UK regulators cast a skeptical eye on the sale. Shortly after Carlyle's original expression of interest, Chemring's market cap climbed to more than £800 million. www.carlyle.com

Bausch + Lomb, a Rochester, N.Y.-based eye care company, has exercised its option to buy the remaining shares of Technolas Perfect Vision, a German ophthalmology laser company. No financial terms were disclosed. Bausch + Lomb shareholders include Warburg Pincus, Thomas McNerney & Partners and Welsh Carson Anderson & Stowe. www.bausch.com

Cortec Group has acquired a majority stake in BarcodesInc from Thompson Street Capital Partners. No financial terms were disclosed. BarcodesInc is a Chicago-based provider of barcode, mobile computing, point of sale and RFID solutions. www.barcodesinc.com

Endeavor Capital has agreed to acquire Access Scientific Inc., a San Diego-based provider of over-wire vascular access technology. No financial terms were disclosed. www.accessscientific.com

LLM Capital Partners and Hickory Ridge Capital have acquired Best Practice Disease Management Inc., a provider of in-home health risk assessments for Medicare Advantage Plans. No financial terms were disclosed. www.llmcapital.com

Kohlberg Kravis Roberts & Co. and Allegro Funds (Australia) have agreed to acquire a portfolio of distressed commercial loans from BOS International, a subsidiary of Lloyds International Pty Ltd. The loans have a A$350 million face value, but no terms of the transaction were disclosed. www.kkr.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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