Term Sheet

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

Private equity deals

March 14, 2013: 10:18 AM ET

Aparc Systems Ltd., a Vancouver-based provider of parking management and systems integration solutions, has raised an undisclosed amount of growth equity funding from Kayne Partners.www.arparcsystems.com

Kohlberg Kravis Roberts & Co. and RED Legacy have jointly acquired Legends Outlets Kansas City, a Kansas City-based shopping development with nearly 100 designer and brand name stores, restaurants and entertainment venues. The purchase was done via a receivership auction. www.kkr.com

Falfurrias Capital Partners has formed North American T&D Group, an acquisition platform focused on domestic companies that support mission-critical elements of the electric utility grid. No financial terms were disclosed. Its first investment is in Instrument Transformer Equipment Corp., a Charlotte-based OEM of instrument transformer products. The new platform will be led by Dave Pacyna, former CEO of Siemens' North American Transmission & Distribution division. www.falfurriascapital.com

LaunchEquity Partners has agreed to acquire MakeMusic Inc. (Nasdaq: MMUS), an Eden Prairie, Minn.-based maker of music learning software. The deal is valued at $23.8 million, or $4.85 per share.www.makemusic.com

Southport Lane has completed its previously-announced acquisition of Dallas National Insurance Co., a property and casualty insurer in Texas. No financial terms were disclosed. www.southportlane.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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