Private Equity

Private equity deals

Bain Capital has agreed to acquire FTE Automotive, a German maker of drive train and brake systems for passenger cars and commercial vehicles, from PAI Partners. No financial terms were disclosed. www.fte.de

Cardinal Midstream II has secured a $200 million equity commitment from EnCap Flatrock Midstream, which will be used to pursue midstream development opportunities in both conventional and unconventional resource plays across North America. The original Cardinal Midstream was formed in 2008 with a $75 million MORE

In memoriam: Aquiline Capital's Deb Bernstein

Deb Bernstein, a partner with both Aquiline Capital and Pequot Ventures, passes away.

FORTUNE -- Private equity and venture capital investor Deborah Bernstein has passed away from cancer, at the age of 42.

Bernstein had joined Aquiline Capital Partners in November 2008, and led its financial technology investment efforts. Before that she had spent more than seven years focused on financial services for venture capital firm Pequot Ventures (later renamed FirstMark Capital). MORE

Private equity firms 'concerned' by Bloomberg snoop

Private equity wants more details.

FORTUNE -- Several private equity firms are "concerned" that Bloomberg journalists may have accessed sensitive firm information, following recent snooping revelations.

Multiple sources say that they are trying to get more information about what terminal user data was available  to Bloomberg editorial, particularly if it led to M&A deal leaks. So far, none of them report having been proactively contacted by Bloomberg with more specifics or an apology.

Bloomberg MORE

Dell to Icahn: Show us the money

Dell asks Carl Icahn for more details about his "superior proposal."

FORTUNE -- Dell Inc.'s special committee this morning told Carl Icahn that it needs more information about his offer to buy the company, including where he intends to get the debt financing.

Icahn last week reiterated his position that Michael Dell and Silver Lake Partners are basically stealing Dell (DELL) via their $13.65 per share take-private offer, and that he could do better MORE

Is Icahn (also) low-balling Dell?

Carl Icahn may be guilty of Michael Dell's alleged sins.

FORTUNE -- Carl Icahn isn't losing to Michael Dell without a fight.

Today the activist giant offered to buy the PC maker for $12 per share, alongside fellow dissident Dell (DELL) shareholder Southeastern Asset Management. The payout could come either in cash of in the form of additional Dell stock, since this proposal would include a public equity stub.

Most of the bid would MORE

Did private equity hurt Hertz?

Is Hertz better off today than it was seven years ago?

FORTUNE -- Hertz's private equity sponsors sold their remaining shares earlier this week, fully existing the company more than 7 years after buying it from Ford Motor Co. (F).

That deal came in the midst of private equity's "golden age," and was one of that era's most-criticized transactions. Not so much the original purchase, but rather the subsequent $1 billion dividend MORE

Private equity deals

Bridgepoint has agreed to acquire The Flexitallic Group, a global provider of sealing products and solutions for the energy industry, from Eurazeo for €450 million. Eurazeo will retain a minority equityposition.www.TheFlexitallicGroup.com

The Canada Pension Plan Investment Board has agreed to acquire the airport management unit of listed German construction firm Hochtief for approximately €1.1 billion. www.cppib.ca

ECM Equity Capital Management has acquired MediFox Group, a German provider of software to the nursing care market. No financial terms were disclosed. www.medifox.de

Kelso & Company has acquired PowerTeam MORE

Private equity deals

Bain Capital and Golden Gate Capital have agreed to acquire enterprise software company BMC Software (Nasdaq: BMC) for approximately $6.9 billion, or $46.25 per share. GIC Special Investments and Insight Venture Partners also are participating, while Elliott Management plans to vote its 9.6% ownership stake in favor of the deal. The losing bidder was a consortium comprised of KKR, TPG Capital and Thoma Bravo. There will be a 30-day "go-shop" MORE

Private equity deals

BC Partners has offered to buy animal identification company Alleflex for $1.3 billion, from shareholders like Electra Partners and Intermediate Capital Group. www.allflexusa.com

Nord Anglia Education, a portfolio company of Baring Private Equity Asia, has agreed to acquireWCL Group Ltd., an owner and operator of international schools in the U.S., Qatar and Spain. The deal was valued at $222 million. www.nordanglia.com

Platinum Equity has completed its acquisition of the U.S. and Canadian assets and operations ofCheckpointSystems Inc. (NYSE: CKP), a Thorofare, N.J.-based MORE

Private equity deals

Dash Multi-Corp., a platform portfolio company of Arsenal Capital Partners, has acquired Pathway Polymers, a Chattanooga, Tenn.–based supplier of polyurethane tire fill material and equipment, fromBritish Vita Group. No financial terms were disclosed. www.pathwaypolymers.com

Dowden Medical Communications Group, a Montvale, N.J.-based portfolio company of High Road Capital Partners, has acquired Tricore Inc., a –based developer of customized learning modules and mobile training solutions for the pharma and life sciences sectors. No financial terms were disclosed.www.highroadcap.com

Giant Creative/Strategy MORE