Term Sheet

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

Private equity deals

December 26, 2012: 8:46 AM ET

The Carlyle Group and Kohlberg Kravis Roberts & Co. are the front-runners to acquire Reynolds and Reynolds, a Dayton, Ohio-based provider of business management software for auto dealers, according to Reuters. The deal could be valued at around $5 billion. Current Reynolds and Reynolds shareholders include Goldman Sachs Capital Partners and Vista Equity Partners. www.reyrey.com

Altamont Capital Partners has acquired Tacala LLC, a Taco Bell franchisor with 162 stores in the Southeastern U.S. It also has acquired a related company, Boom Foods, which owns 66 Sonic franchises. No financial terms were disclosed. www.tacala.com

Bregal Capital
and Quadriga Capital have agreed to acquire LR Health & Beauty, a Germany-based direct sales company focused on cosmetics, fragrances and nutrition products, from Apax Partners. No financial terms were disclosed. www.lrworld.com

First Atlantic Capital has acquired TestEquity LLC, a Moorpark, Calif.–based seller and renter of new and reconditioned bench-top general purpose test and measurement equipment. No financial terms were disclosed, except that NXT Capital provided $65.5 million in senior secured facilities to support the deal. www.testequity.com

Harvest Partners has acquired Garretson Resolution Group, a Cincinnati-based provider of medical lien resolution and complex settlement administration services, from Pfingsten Partners. No financial terms were disclosed. www.garretsonfirm.com

Goldman Sachs has acquired Safe-Guard Products International LLC, an Atlanta-based provider of finance and insurance products to the automotive industry, from H.I.G. Capital. No financial terms were disclosed. www.safe-guardproducts.com

Kelso & Co. has agreed to acquire the operating units of Power Holdings from Huntsman Gay Global Capital for $380 million. Power Holdings provides construction and maintenance services for electric unities in the Southeastern U.S. www.kelso.com

KRG Capital Partners has acquired ATI Physical Therapy Inc., a Bolingbrook, Ill.-based operator of physical therapy clinics in seven states, from GTCR. No financial terms were disclosed. www.atipt.com
Mason Wells has acquired A&R Logistics Inc., a Morris, Ill.-based provider of logistics services, from FdG Associates. No financial terms were disclosed. Harris Williams & Co. managed the process. www.artransport.com

McCarthy Capital has sponsored a management buyout of Altair Global Relocation, a Plano, Texas-based provider of domestic and international relocation management services for the corporate clients. No financial terms were disclosed. The selling family of Altair co-founder Gail Plummer will retain a minority equity position. www.altairglobal.com

Office Depot (NYSE: ODP) has agreed to sell its Hungary business to Hungarian private equity firm Central Fund Venture Capital Fund. No financial terms were disclosed. www.officedepot.com

Propel Equity Partners has acquired Fundex Games Ltd., an Indianapolis-based maker of family board, card and dice games. No financial terms were disclosed. Fundex will be merged with Poof-Slinky, which Propel acquired earlier this year. www.propelequity.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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