Private Equity Deals & Transactions

In a transaction involving two beleaguered private equity firms, Forstmann Little will acquire 24 Hour Fitness from McCown De Leeuw for approximately $1.6bn.
The Chinese company has completed the $1.25bn purchase of IBM’s personal computing unit and agreed to a $350m investment from three private equity firms.
The two private equity firms are taking private luxury retailer Neiman Marcus in a $5 billion deal, following a string of recent buyouts.
Bridgepoint has used its £189 million (€291 million; $377 million) refinancing of its investment in Pets at Home to pay off £20 million of mezzanine debt and pay itself a £70 million dividend.
Israel-focused venture firm Benchmark Capital has closed its $250m Fund II while Israel’s Carmel Ventures has raised $200m for its second fund.
Fifteen months after acquiring German dental equipment manufacturer Sirona for €418m, the Swedish private equity firm has sold the company to Madison Dearborn in a deal that fetched approximately €800m.
The Dutch private equity firm has made the historic triple digit return by agreeing to sell mobile telephone network Telfort to KPN for up to €1.12bn, two years after acquiring it for just €12m.
One of Australia’s largest private equity funds plans to take private a Southern California restaurant operator.
The Los Angeles-based private equity firm has inked a deal for dental services company Bright Now Dental, for a reported $340 million.
Legal & General Ventures has agreed to sell a portfolio of seven companies to secondary investor Vision Capital for an undisclosed sum.

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