Term Sheet

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

Private equity deals

December 3, 2012: 10:30 AM ET

Calera Capital has acquired Competitor Group Inc., a San Diego-based media and entertainment company focused on endurance sports, from Falconhead Capital. No financial terms were disclosed.www.caleracapital.com

Confie Seguros
, a New York-based insurance distributor focused on Hispanic consumers, has acquired four new brokerages: Maurisset Insurance (Florida), CNS Insurance Services (Florida) and Briar Bay Insurance and Got Insurance (Las Vegas). No financial terms were disclosed. Confie Seguros was recently acquired by ABRY Partnerswww.confieseguros.com

Energy Investors Funds has acquired two operating hydroelectric projects, Allegheny 8 and Allegheny 9, in partnership with Northbrook Energy. No financial terms were disclosed. Each project has a long-term power purchase agreement with New York State Electric & Gas Corp. www.eif.com

Fresh Water Group Ltd., a purified water service provider in China, has raised an undisclosed amount of new funding from Goldman Sachs. The new capital will be used to build a new manufacturing facility in Xi'an, Shaanxi province. Existing investors include SAIF Partners and Ares Management.www.thefreshwatergroup.com

Harbour Group has agreed to acquire Cleaver-Brooks, a Thomasville, Ga.-based maker of boiler room products and systems, from Wellspring Capital Partners. No financial terms were disclosed.www.cleaver-brooks.com

HIG Capital has agreed to acquire Petrochem Carless, a British refiner and supplier of specialty hydrocarbons, automotive fluids and specialty chemicals. No financial terms were disclosed, except that Petrochem Carless generated £390.3 million in 2011 revenue. www.petrochemcarless.com

Innospec Inc. (Nasdaq: IOSP) has withdrawn its $47.50 per share non-binding buyout offer for TPC Group Inc. (Nasdaq: TPCG), a Houston-based specialty chemicals company. The company also announced a special $2 per share dividend. This opens the door for First Reserve Corp. and SK Capital Partners to buy TPC for $45 per share (enterprise value of nearly $706 million). www.tpcgrp.com

Nokia Siemens Networks has agreed to sell its Optical Networks unit to Marlin Equity Partners for an undisclosed amount. www.nokiasiemensnetworks.com

PetroSkills LLC, a Tulsa, Okla.-based portfolio company of BV Investment Partners, has acquired JohnM. Campbell & Co., a Normal, Okla.–based provider of facilities engineering training solutions in the oil and gas industry. No financial terms were disclosed. www.jmcampbell.com

Riverstone Holdings
 has acquired three Maryland coal-fired power plants from Exelon Corp. (NYSE: EXC). No financial terms were disclosed. Riverstone has formed a new portfolio company called Raven Power to hold the plants. www.exeloncorp.com

Shelf Drilling International Holdings has completed its previously-announced acquisition of 38 shallow-water drilling rigs from Transocean Ltd. (NYSE: RIG). The deal was valued at $1.05 billion, including $855 million in cash and $195 million in seller financing. Shelf Drilling is a portfolio company of Castle Harlan, CHAMP Private Equity and Lime Rock Partners. www.shelfdrilling.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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