Private equity dealsMarch 5, 2013: 10:33 AM ET
Apollo Global Management has partnered with Sapin's Bankinter SA to bid on Swiss private bank BSI from Italian insurance company Generali, according to Reuters. The deal could be valued at upwards of €2 billion.
Chicago Growth Partners has completed a dividend recap for Advanced Pain Management, a Geeenfield, Wis.–based pain management group that CGP acquired via a management buyout in December 2010. No financial terms were disclosed. www.apmhealth.com
HgCapital and Pamplona Capital Management are preparing second-round bids for German insulation firm Armacell, according to Reuters. Investcorp is selling the company, with plans to secure bids of between €400 million and €500 million. Earlier suitors Charterhouse Capital Partners, Equistone and Goldman Sachs Private Equity have all dropped out of the process. www.armacell.com
The McGraw-Hill Cos. (NYSE: MHP) said the $2.5 billion sale of its education business to Apollo Global Management is now an all-cash deal. This means that McGraw-Hill would receive an additional $150 million in cash, in lieu of being issued $250 million in face amount of unsecured notes. www.mcgraw-hill.com
Ridgewood Energy Corp., a Montvale, N.J.-based oil and gas exploration company, has raised an undisclosed amount of strategic funding commitments from Riverstone Global Energy and Power Fund. Combined with an earlier commitment from Riverstone/Carlyle Global Energy and Power Funds, the total Riverstone sponsored fund commitment to the venture exceeds $550 million.www.ridgewoodenergy.com
Salt Creek Capital has acquired Warne Scope Mounts, a Tualatin, Ore.-based supplier of riflescope accessories to the OEM and retail channels. No financial terms were disclosed.www.warnescopemounts.com
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