The two firms will acquire NEP Broadcasting, a provider of equipment and services for live feeds of sports and entertainment events, from Wachovia Capital Partners.
John Riccitiello is stepping down as president of Electronic Arts to set up a media-and- entertainment fund with Silver Lake veteran Roger McNamee.
Advent International and Conning Capital lead a management buyout of Long Term Care Group, which provides outsourced administrative services to the long-term healthcare insurance industry.
Led by a buyout boom in the US and Asia, global private equity deal-doing surged 43 percent in 2003 while fundraising dropped 12 percent, according to a survey from PricewaterhouseCoopers and 3i.
Hamilton Bradshaw has been launched by James Caan and Tony Sarin with £30m of initial equity to provide entrepreneurial management as well as financial resources to UK-based companies.
Pan-European private equity firm Bridgepoint has seen off opposition bidders, securing exclusivity to purchase the prison management unit of Group 4 Falck for a reported £200m.
3i and Veronis Suhler Stevenson have announced the consolidation of their three telephone businesses to create a pan-European directories group.
The Boston firm agrees to sell the sign maker to Brady Corp. and also completes a co-investment with Berkshire in radiological protection services company Bartlett Nuclear.
Clayton, Dubilier & Rice takes over the laboratory supplies company from pharmaceuticals group Merck, putting $450m of its own equity toward the deal.
ALPHA Associates, which manages the former third-party private equity business of Swiss Life, has revealed plans to raise a new fund of funds vehicle to invest in Eastern European opportunities.