Pete Gallo

The Apax Partners-backed software firm iGate plans to take a majority stake in the Mumbai-based information technology company Patni Computers in a deal worth $1.2 bn.

The Carlyle Group has taken a stake in Primatics Financial, the private equity firm’s second investment in a niche software-services company in the last six months.

A study by Switzerland’s Partners Group finds that market conditions for mezzanine financing remain favourable at the outset of 2011 for private equity investors.

The Carlyle Group’s $3.9bn bid to privatise CommScope has met with near-unanimous approval from shareholders of the communications-infrastructure company.

As the exit environment improved in 2010, so did fundraising, a trend that bodes well for 2011, says Credit Suisse's John Robertshaw.

Analysis from KPMG’s Corporate Finance group finds that private equity players are becoming more active as Canada’s M&A sector seems poised for a turnaround.

Los Angeles-based Leonard Green & Partners is looking to round out its retail portfolio with a $1.6bn cash takeover of NYSE-listed Jo-Ann Stores.

Cerberus Capital Management plans to sell Chrysler Financial to Canada’s TD Bank Group for $6.3bn in an all-cash buyout.

First Reserve plans to sell its majority stake in the Bahamas Oil Refining Company terminal to Buckeye Partners in a $1.36bn cash-and-equity deal expected to close in the first quarter.

Centre Partners this week exited its ownership stake in Bumble Bee Foods with a $980m sale to Lion Capital.