PE Hub Staff

Car Parts Maker Lear Emerges from Bankruptcy

Kohlberg Capital Delays Q3 Results

Six Flags Agrees to Avenue Capital Bankruptcy Plan

Datatel To Switch Private Equity Sponsors

Hellman & Friedman and JMI Equity have agreed to acquire Datatel Inc., a Fairfax, Va.-based provider of enterprise information management solutions for higher education institutions. No financial terms were disclosed. Sellers include Thoma Bravo, Trident Capital, HarbourVest Partners and JP Morgan Asset Management -- which sponsored a management buyout of Datatel in early 2005.

Sean Carroll Joins Polachi

Sean Carroll has joined executive search firm Polachi & Co. as a Stamford, Conn.-based partner, with a focus on C-level tech executives. He previously was a managing partner with the Barlow Group, and before that was with both Pequot Capital's venture capital unit and Heidrick & Struggles.

Carlyle Buying OpenLink Financial from TA Associates

The Carlyle Group has agreed to buy OpenLink Financial from TA Associates. No financial terms were disclosed for the deal, which is expected to close later this quarter. Bank of America Securities and Credit Suisse Securities are providing leveraged financing. OpenLink is a Long Island-based provider of software for the the commodity, energy and financial services industries.

Milestone Partners Recaps Good Health Natural Products

Milestone Partners has completed a refinancing of portfolio company Good Health Natural Products, a Greensboro, N.C.-based maker of branded reduced-fat salty snack foods. No financial terms were disclosed for the deal, which included participation by Salem Halifax Capital Partners and the Morgan Keegan Strategic Fund.

Lantiq Buys Infineon's Wireline Biz

Lantiq, a portfolio company of Golden Gate Capital, has acquired the wireline business of Infineon Technologies AG (Frankfurt: IFX), for approximately €243 million.

Advent International Bids on Polish Ed Publisher

Advent International has made a public tender offer to acquire Polish educational publisher Wydawnictwa Szkolne i Pedagogiczne SA (WSiP). The offer is valued just north of $142 million.

AT&T Completes Centennial Communications Acquisition

AT&T has completed its acquisition of rural phone company Centennial Communications Corp. (Nasdaq: CYCL). The deal was valued at $944 million in cash, or $8.50 per share. Welsh Carson Anderson & Stowe was Centennial’s largest shareholder, and has agreed to support the deal.