Term Sheet

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

Private equity deals

January 2, 2013: 9:53 AM ET

Advanstar Global LLC has completed its previously-announced acquisition of fashion event organizer ENK International LLC from Forstmann Little & Co. No financial terms were disclosed. Advanstar shareholders include Veronis Suhler Stevenson, New York Life Capital Partners and Citigroup Private Equity. www.advanstar.com

CoBe Capital has acquired Warendorfer Küchen GmBh, a German maker of living room-style kitchens, from AFG Arbonia-Forster Group (SWX: AFGN). No financial terms were disclosed. www.warendorf.eu

The Gores Group has acquired Therakos Inc., a Raritan, N.J.-based provider of technologies for a leukapheresis-based immunomodulatory therapy called extracorporeal photopheresis, from Ortho-Clinical Diagnostics. No financial terms were disclosed. Ortho-Clinical Diagnostics is a subsidiary of Johnson & Johnson (NYSE: JNJ). www.gores.com

Great Point Partners has completed a dividend recap for portfolio company Health Systems International, an Indianapolis–based provider of outsourced medical cost management solutions for self-insured corporations and insurance companies. No financial terms were disclosed. www.us-hsi.com

GTCR has acquired Correctional Healthcare Cos., a Greenwood Village, Colo.–based provider of inmate healthcare services to jails and prisons. Sellers include Enhanced Equity Fund and Gemini Investors. No financial terms were disclosed. www.gtcr.com

Unitas Capital has agreed to acquire a control stake in Shenzhen ZTE Netview Technology Co., a Chinese maker of telecom and video surveillance equipment, from China's ZTE Corp. for approximately $200 million. www.unitascapital.com

US Joiner, a Crozet, Va.-based provider of marine joiner and furniture solutions for U.S. government and commercial customers, has acquired JCI Metal Products Inc., a San Diego–based provider of maintenance, repair and overhaul services focusing on habitability, fabrication, electrical and piping solutions to U.S. Navy vessels. No financial terms were disclosed.US Joiner is a portfolio company of J.F. Lehman & Co. www.jflpartners.com

Warburg Pincus has acquired JHP Pharmaceuticals LLC, a Parsippany, N.J.–based maker of sterile injectable products, from Morgan Stanley Principal Investments. The deal was valued at $195 million. www.jhppharma.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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