Term Sheet

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

Private equity deals

September 6, 2013: 10:06 AM ET

The Blackstone Group and GIC each are nearing deals to acquire 30% stakes in UK pension insurerRothesay Life from Goldman Sachs, according to the FT. Mass Mutual would acquire an additional 6% position. The deals would value Rothesay Life at approximately £900 million.www.rothesaylife.co.uk

Bregal Partners has acquired US Community Behavioral, a provider of community-based residential and behavioral services to adults and children with intellectual and developmental disabilities in the western United States. No financial terms were disclosed. www.bregalpartners.com

Centerbridge Partners has acquired a minority equity stake in Syncreon Holdings Ltd., an Auburn Hills, Mich.–based provider of customized supply chain services. No financial terms were disclosed. Existing shareholders like GenNx360 Capital Partners will retain equity ownership positions.www.syncreon.com

Kohlberg Kravis Roberts & Co. has agreed to acquire Mitchell International, a San Diego-based provider of claims technology and software solutions, from Aurora Capital Group. No financial terms were disclosed, although Reuters reports an enterprise value of approximately $1.1 billion.www.mitchell.com

Kohlberg Kravis Roberts & Co. is in pole position to gain preferential negotiating rights in the auction for Panasonic Corp.'s healthcare unit, according to Reuters. The deal could be worth $1.5 billion, with other bidders including Toshiba Corp. and a consortium of Bain Capital, Mitsui & Co. and the Development Bank of Japan. www.kkr.com

Navis Capital has acquired Guardian Early Learning Group, an Australian child-care center operator, according to the WSJ. The deal reportedly was worth around A$120 million.www.naviscapital.com

OnCourse Learning, a portfolio company of The Riverside Company, has acquired BankersEdge, a Norristown, Penn.-based provider of regulatory, employment, and leadership training. No financial terms were disclosed. www.bankersedge.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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