Term Sheet

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

Private Equity deals

February 22, 2013: 10:34 AM ET

Nordic Capital has agreed to acquire Ellos and Jotex from Redcats, the mail order business of France'sPPR SA, at an enterprise value of €275 million. Ellos and Jotex are both Scandinavian brands, focused on the home shopping and décor markets, respectively. www.nordiccapital.com

Kohlberg Kravis Roberts & Co. has put forth a $3.68 billion buyout offer for Gardner Denver (NYSE: GDI), a Wayne, Penn.-based maker of industrial machinery, according to the FT. The company's market cap prior to the news was around $3.4 billion, while earlier suitors had included CCMP Capital, Onex Corp. and TPG Capital. www.gardnerdenver.com

Allegro Funds and Kohlberg Kravis Roberts & Co. have offered to purchase Geon Group, a bankrupt provider of print and logistics services in Australia and New Zealand that had been owned by Gresham Private Equity, according to the WSJ. Allegro and KKR are Geon Group debt-holders.www.geongroup.com

Alvarion Ltd. (Nasdaq: ALVR) has agreed to sell its carrier licensed division to Telrad Networks, an Israel-based provider of transport and VoIP networks for telecom operators. No financial terms were disclosed. Telrad shareholders include Fortissimo CapitalPoalim Ventures and Discount Investment Corp. www.telrad.com

Warburg Pincus is interviewing bankers for an IPO of eye-care company Bausch & Lomb Inc., according to Bloomberg. The move comes after Warburg Pincus failed to secure adequate bids for the company, which it had been trying to sell for at least $10 billion. www.warburgpincus.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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