Term Sheet

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

Private equity deals

December 10, 2012: 10:11 AM ET

Ascentis Corp., a Bellevue, Wash.-based provider of HR and online payroll software, has raised an undisclosed amount of private equity funding from Catalyst Investors. www.ascentis.com

Bay Bridge Capital Partners has acquired Plum Healthcare Group LLC, a San Marcos, Calif.-based owner and operator of 50 skilled nursing facilities and five home health and hospice agencies, from GI Partners. No financial terms were disclosed. Plum's portfolio is located in California, Utah, and Arizona. www.gipartners.com

BC Partners, CVC Capital Group and Permira are considering bids for Milan, Italy-based corporate intelligence and rating agency Cerved Group SpA, according to the FT. Cerved currently is owned by Bain Capital and Clessidra, who reportedly would want around €1.1 billion for the company (including debt). Cerved last week suspended a new high-yield debt offering. www.cerved.com

Charity Dynamics, an Austin, Texas-based provider of online marketing and fundraising solutions for nonprofits, has raised an undisclosed amount of private equity funding from Vitesse Capital Partners. www.charitydynamics.com

Freestone Partners has acquired Cyclone Steel Services Inc., a Houston, Texas–based provider of steel plate processing services primarily to the petrochemical and oil and gas industries. No financial terms were disclosed for the deal, which also included participation from ORIX Corporate Capital. Quarton Partners managed the process. www.cyclonesteel.com

Golden Gate Capital has completed its previously-announced acquisition of Ex Libris Global Holdings, a Jerusalem-based provider of library automation solutions, from Leeds Equity Partners. No financial terms were disclosed. www.exlibris.co.il

High Street Capital has acquired Banner Service Corp., a Carol Stream, Ill.–based processor and distributor of metal bar products. No financial terms were disclosed. Sellers include Alpha Capital Partners and Prism Capital. www.bargrind.com

Insight Equity has acquired Micross Components Inc., a Los Angeles–based provider of specialty electronic components for military, space, medical and industrial applications, from Vance Street Capital. No financial terms were disclosed. www.micross.com

J.C. Flowers & Co. remains interested in acquiring Irish Life, according to an Irish Examiner interview with J.C. Flowers exec Tim Hanford. J.C. Flowers had been shortlisted to buy the government-owned insurer last year, before the process was scrapped.

MidOcean Partners is in talks to acquire Agilex Flavors and Fragrances, a Piscataway, N.J.-based maker of flavor and fragrance products, from Nautic Partners, according to an FTC filing. www.agilexfandf.com

MSouth Equity Partners has committed $80 million to support the formation of Eco-Site Inc., a Chapel Hill, N.C.-based company that will develop wireless communications sites on brownfield and blighted properties in highly-congested metropolitan markets. www.msouthequity.com

Palamon Capital Partners has acquired a majority stake in Feelunique.com, a Channel Islands-based beauty e-commerce company. The deal was done at an enterprise value of £26 million, with Sirius Equity also participating. www.feelunique.com

Vestar Capital Partners has completed its sale of Sunrise Medical Inc., a Fresno, Calif.-based maker of homecare and extended care medical products, to Equistone Partners. No financial terms were disclosed. www.sunrisemedical.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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