Term Sheet

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

Private equity deals

December 12, 2012: 10:20 AM ET

Advantage Partners is in talks to acquire the Sanyo digital camera unit of Panasonic Corp. (Tokyo: 6752) for "several hundreds of millions of yen," according to the Nikkei business daily. A final decision would be made by year-end, with the deal actually expected to close in late Q1 2013. www.panasonic.com

Audax Private Equity
has acquired Aavid Thermalloy LLC, a Concord, N.H.-based maker of thermal management products, from Nautic Partners. No financial terms were disclosed. Edgeview Partners managed the process. www.aavid.com

BG Staffing, a Dallas-based temporary staffing platform, has acquired the assets of American Partners Inc., a Pawtucket, R.I.-based staffing firm focused on IT workers. No financial terms were disclosed. BG Staffing backers include Calvert Street Capital Partners, Taglich Private Equity, Weatherly Financial Group and Brookside Mezzanine Partners. www.therightpeoplerightnow.com

Bunker Hill Capital
has invested an undisclosed amount in Vesta Partners LLC, a Stamford, Conn.–based provider of SAP enterprise asset management consulting and implementation services and technologies. www.vestapartners.com

Community Education Centers
of West Caldwell, N.J. has acquired MinSec Corp., a Wallingford, Penn.-based operator of community correctional facilities, outpatient programs and behavioral health treatment facilities. No financial terms were disclosed. Sellers included Camden Partners and NewSpring Capital. CEC shareholders include Apex Venture Partners, First Analysis Corp., LLR Partners and The Argentum Group. www.cecintl.com

Diversified Foodservice Supply Inc., a portfolio company of KRG Capital Partners, has acquired Franklin Machine Products Inc., a Lumberton, N.J.–based distributor of foodservice repair parts and accessory items. No financial terms were disclosed. www.fmponline.com

The Gores Group has agreed to acquire Harris Broadcast Communications from Harris Corp. (NYSE: HRS) for $225 million. Harris Broadcast Communications is a Denver-based provider of hardware and software that creates, manages, transmits, distributes and monetizes video content. www.gores.com

HealthEdge, a Burlington, Mass.-based enterprise software platform for healthcare payors, has acquired Click4Care, a Powell, Ohio–based provider of care management and utilization management solutions for healthcare payors. No financial terms were disclosed. Both companies are backed by Health Evolution Partners and Psilos Group. www.healthedge.com

Hughes Associates Inc., a Baltimore-based portfolio company of Huron Capital Partners, has acquired Anoba Consulting Services LLC, an engineering firm specializing in probabilistic risk assessment and other risk-modeling services. No financial terms were disclosed. www.haifire.com

One Rock Capital Partners has acquired Petroplex Acidizing LP, a Midland, Texas-based provider of acidizing and chemical stimulation treatments for oil, gas and injection wells located in the Permian Basin, from Lone Star Investment Advisors. The deal was valued at $95 million, while Houlihan Lokey managed the process. www.onerockcapital.com

Providence Equity Partners and TPG Telecom Ltd. (ASX: TPM) are among those to reach the second round of bidding for NexGen, an Australian fiber-optic network operator owned by Leighton Holdings (ASX: LEI), according to Reuters. The final deal could be worth between A$625 million and A$870 million. www.leighton.com.au

Uni-World Capital and Brightwood Capital Advisors have acquired VanDeMark Chemical Inc., a Lockport, N.Y.-based maker of specialty, intermediate, and catalyst chemicals based on phosgenation chemistry. No pricing terms were disclosed. Brightwood provided both equity and mezzanine debt, while Sidereal Capital also provided equity. Sellers include Smith Whiley & Co. www.vdmchemical.com

Univar Inc. has completed its acquisition of Magnablend Inc., a Waxahachie, Texas-based powder and liquid blender for the oil field service and agricultural markets. No financial terms were disclosed. Univar backers include Apollo Global Management, Clayton Dubilier & Rice, Norwest Equity Partners and Pantheon Ventures. Magnablend owners had been TGF Management Corp., Austin Ventures and Cotton Creek Capital. www.univar.com

Sign up for Dan's daily email newsletter on deals and deal-makers: GetTermSheet.com

Posted in:
Join the Conversation
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.

Email a Tip | @danprimack | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.