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Water Street Healthcare Partners Buys New Century Health

Chicago-based firm Water Street Healthcare Partners has acquired a majority stake in benefit management company New Century Health. Financial terms of the deal were not released. Water Street said that it will work to expand the company’s services to a broader base of payers and patients across the U.S.

PEGG Capital Adds Elaine Harris to Supervisory Board

Investment and advisory group PEGG Capital has added Elaine Harris its supervisory board. Harris is a partner with San Francisco-based Gramercy Private Equity and Gramercy Venture Advisors. PEGG Capital is a Frankfurt-listed investment and advisory group specializing in investing in telecommunications.

PineBridge Names Morten Simonsen Head of Institutional Sales

PineBridge Investments has named Morten Simonsen head of institutional sales for the Nordic region, overseeing sales and business development efforts across Denmark, Finland, Iceland, Norway and Sweden. Simonsen previously held a similar role at Alfred Berg.

Aeropostale Shores Up Takeover Defenses

Aeropostale has hired Barclays Capital as a strategic adviser to help it fend off any potential offers by private equity firms, Reuters reported, citing a story in the New York Post. Although it hit a rough patch recently, with declining sales, the teen clothing retailer’s management wants the company to remain public, the New York Post reported. Aeropostale operates 885 stores across the U.S.

Gen-Probe Pays $53M for GTI Diagnostics

Publicly traded Gen-Probe has paid $53 million in cash for GTI Diagnostics. Gen-Probe bought the company from private equity firm the Riverside Company. GTI has operations in Milwaukee and Waukesha, Wis., and manufactures the human leukocyte antigen antibody detection products. San Diego-based Gen-Probe is a specialty diagnostics company focused on the transplantation, blood bank and specialty coagulation markets.

Ratos, IK Investment Partners Exit Superfos

British plastic-packaging supplier RPC Group will pay 204.7 million pounds ($318.3 million) to buy Superfos Industries from Nordic private equity firms Ratos and IK Investment Partners, Reuters reported. RPC Group said it planned to fund the acquisition through an 88.8 million pounds rights issue and a 130 million euros ($171.9 million) term loan facility. The deal is expected to close in early 2011.

Steel Partners Nearly Exits Sapporo Holdings

U.S. fund Steel Partners has nearly exited its investment in Sapporo Holdings, cutting what was once an 18.64% stake in the company to nearly zero, Reuters reported. The fund began offloading shares in October, and now owns 0.15 percent of the brewer after the latest reduction.

Mubadala Pours $500M Into The Carlyle Group

Abu Dhabi investment fund Mubadala is pouring $500 million into buyout shop the Carlyle Group, increasing its stake to help expand product offerings to investors, Reuters reported. Mubadala took a 7.5% stake in Carlyle in 2007. In return for the newest investment, Mubadala will get a combination of equity and convertible subordinated notes, Reuters said.

Lundbeck Buys Stake in PE-Owned Ambulance Service

The Lundbeck Foundation will pay 2.8 billion Danish crowns ($500.6 million) for a 36% stake in Danish ambulance services firm Falck, Reuters reported. The foundation, based in Copenhagen, is buying the stake from Falck’s private equity owners Nordic Capital Fund V, ATP Private Equity Partners and Folksam, Reuters said. The deal is expected to close by the end of the year.

PE Firms Among Bidders for Turkey's Dogan Yayin

Private equity firms Apax Partners, Kohlberg Kravis Roberts & Co., and TPG Capital are among the bidders competing to buy the assets of Turkish media group Dogan Yayin, Reuters reported, citing an article in the Financial Times. There are at least six bidders in the race for Dogan Yayin, Reuters said, including Discovery and Time Warner.