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Tricor Pacific Capital Forms SPT

Strong Precision Technologies, a precision machining company formed by Tricor Pacific Capital, has completed the acquisitions of Inland Midwest Corporation and Comet Tool Inc. Terms of the deals were not released. Comet Tool is based in Elk Grove Village, Illinois. Inland Midwest is based in Chicago.

CiiNOW Inks $13M from Foundation & Alcatel-Lucent

CiiNOW, a Mountain View, Calif.-based cloud compute platform developer, has closed on $13 million in Series A financing from Foundation Capital, Alcatel-Lucent and an unnamed strategic investor. The company is using the money to expand its hiring and partnership development teams, among other efforts.

EQT Opportunity Exits Strauss Innovation

EQT Opportunity Fund is selling its stake in German retail chain Strauss Innovation to Sun European Partners. Minority shareholder the Geringhoff family will also exit the company. Terms of the deal were not released. EQT Opportunity acquired Strauss in 2008.

Thoma Bravo Leads Buy of Blue Coat

An investor group led by private equity firm Thoma Bravo will buy Internet-monitoring gear maker Blue Coat Systems Inc. for about $1.3 billion in cash, Reuters wrote Friday. The deal values Blue Coat at $25.81 a share, roughly a 48% premium to Thursday's close.

EcoMotors Adds Andrew Chung to its Board

Andrew Chung, a partners at Khosla Ventures, has joined the board of engine developer EcoMotors. Established in 2008, EcoMotors is based in Allen Park, Mich., and backed by Khosla Ventures and Bill Gates.

Goldstein Rejoins Hellman & Friedman

Jeffrey Goldstein has rejoined Hellman & Friedman as a managing director. Goldstein returns to the private equity firm after serving as Under Secretary of the Treasury for Domestic Finance and Counselor to the Secretary of the Treasury from 2009 to 2011. He will be based in the firm’s New York offices and will resume his investment focus on the financial services sector, the firm said.

Gores Group Completes Alpheus Buy

Los Angeles-based private equity firm Gores Group has completed its acquisition of Alpheus Communications, one of the largest fiber network and data center operators in Texas. Terms were not released. The firm plans to combine Alpheus with First Communications, an existing Gores portfolio company. Genesis Park and El Paso Corp. are the sellers.

Talbots Investor Says Sycamore’s Bid is Too Low

Private equity firm Sycamore Partners' $3 a share bid for Talbots Inc. is "opportunistic and a very low offer," a top investor in the retailer said, according to a Reuters report. Sycamore, which owns 9.9% of Talbots, offered to buy it for about $212 million on Tuesday. Talbots has struggled recently, with its stock price dropping 82% this year. On Tuesday, when Sycamore made its offer, Talbots was worth about $110.3 million.

Shaner Capital Buys Metal Foundations

Shaner Capital has acquired Pittsburgh-based Metal Foundations, a company specializing in the design, engineering and installation of metal foundations for building. Terms of the deal were not released.

PE Firms Bid for Italy’s Rottapharm

Advent International, Carlyle Group, Charterhouse, Avista and Clessidra all submitted second round bids for Italian drugs company Rottapharm, Reuters reported Thursday. The company is hoping to be valued at up to 2 billion euros ($2.7 billion), Reuters wrote.