KPS Special Situations and Pegasus Partners have already recouped 1.5x their investment in Genesis Worldwide thanks to a unit sale to Mitsubishi-Hitachi Metals Machinery.
New York-based Solera Capital has bolstered its Homegrown Naturals organic food platform with the purchase of Annie’s Naturals, a maker of salad dressings and condiments.
The Australian investment bank is reported to be close to agreeing the purchase of Taiwan Broadband Communications in a secondary buyout from Carlyle Group of the US.
Gryphon Investors has returned roughly 100 percent of its invested equity in Eight O’ Clock Coffee Company. The San Francisco-based firm acquired the business in November 2003, and in the two successive Novembers since, has taken out a dividend through a recapitalisation.
The US buyout firm has paid €100 million and assumed pensions liabilities worth €70 million to acquire the branded clothing arm of US conglomerate Sara Lee.
Chicago’s Code Hennessy & Simmons has agreed to a deal with UK soda-can giant Rexam to sell Precise Technology in a $257 million transaction, more than doubling its equity investment.
Citigroup Venture Capital agreed to buy Alcoa’s Southern Graphic Systems unit in a $410m deal.
Bain Capital reaffirmed its interest in Australia with an A$3.6 billion ($2.6bn) offer to acquire Goodman Fielder. The Boston firm is reportedly engaged in a joint bid with Pacific Equity Partners and Goldman Sachs Capital Partners.
Global mid-market private equity firm Vestar Capital Partners has sold Italy’s FL Selenia just two years after acquiring the auto parts firm from Doughty Hanson.
Silver Lake Partners agreed to take Serena Software private for roughly $1.2 billion, in what has been a busy week for public-to-private transactions.