Term Sheet

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

Private equity deals

January 11, 2013: 10:22 AM ET

Legg Mason Inc. (NYSE: LM) is not entertaining recent approaches by some of its senior managers and private equity firms about a take-private buyout, according to Reuters. The asset manager's market cap is around $3.4 billion. www.leggmason.com

Alston Capital Partners has sponsored a recapitalization of Battery Solutions Inc., a Howell, Mich.-based provider of battery recycling solutions. No financial terms were disclosed. www.batteryrecycling.com

Intervale Capital has acquired an undisclosed stake in Aegis Chemical Solutions LLC, a The Woodlands, Texas-based oilfield chemicals and water treatment business. No financial terms were disclosed. www.intervalecapital.com

PNC Riverarch Capital has acquired a control stake in Goldco LLC, a Dothan, Ala.-based operator of Burger King restaurants in Florida, Alabama and Georgia. Concurrent with the deal, Goldco has acquired 33 restaurants located in Broward County, Fla., from Burger King Worldwide. No financial terms were disclosed. www.riverarchcapital.com

Yellow Wood Partners has acquired Ilex Consumer Products Group, the Baltimore-based maker of St. Joseph's aspirin and Calgon bath oils, from JPB Capital Partners. No financial terms were disclosed. www.ilexgroup.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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