Tuesday, December 4, 2012

Private equity deals - The Term Sheet: Fortune's ... - Fortune Finance

Calera Capital?has acquired?Competitor Group Inc., a San Diego-based media and entertainment company focused on endurance sports, from?Falconhead Capital. No financial terms were disclosed.www.caleracapital.com

Confie Seguros
, a New York-based insurance distributor focused on Hispanic consumers, has acquired four new brokerages:?Maurisset Insurance?(Florida),?CNS Insurance Services?(Florida) and?Briar Bay Insurance?and?Got Insurance?(Las Vegas). No financial terms were disclosed. Confie Seguros was recently acquired by?ABRY Partners.?www.confieseguros.com

Energy Investors Funds?has acquired two operating hydroelectric projects, Allegheny 8 and Allegheny 9, in partnership with?Northbrook Energy. No financial terms were disclosed. Each project has a long-term power purchase agreement with New York State Electric & Gas Corp.?www.eif.com

Fresh Water Group Ltd., a purified water service provider in China, has raised an undisclosed amount of new funding from?Goldman Sachs. The new capital will be used to build a new manufacturing facility in Xi'an, Shaanxi province. Existing investors include SAIF Partners and Ares Management.www.thefreshwatergroup.com

Harbour Group?has agreed to acquire?Cleaver-Brooks, a Thomasville, Ga.-based maker of boiler room products and systems, from?Wellspring Capital Partners. No financial terms were disclosed.www.cleaver-brooks.com

HIG Capital?has agreed to acquire?Petrochem Carless, a British refiner and supplier of specialty hydrocarbons, automotive fluids and specialty chemicals. No financial terms were disclosed, except that Petrochem Carless generated ?390.3 million in 2011 revenue.?www.petrochemcarless.com

Innospec Inc.?(Nasdaq: IOSP) has withdrawn its $47.50 per share non-binding buyout offer for?TPC Group Inc.?(Nasdaq: TPCG), a Houston-based specialty chemicals company. The company also announced a special $2 per share dividend. This opens the door for?First Reserve Corp.?and?SK Capital Partners?to buy TPC for $45 per share (enterprise value of nearly $706 million).?www.tpcgrp.com

Nokia Siemens Networks?has agreed to sell its?Optical Networks?unit to?Marlin Equity Partners?for an undisclosed amount.?www.nokiasiemensnetworks.com

PetroSkills LLC, a Tulsa, Okla.-based portfolio company of?BV Investment Partners, has acquired?JohnM. Campbell & Co., a Normal, Okla.?based provider of facilities engineering training solutions in the oil and gas industry. No financial terms were disclosed.?www.jmcampbell.com

Riverstone Holdings
?has acquired three Maryland coal-fired power plants from?Exelon Corp.?(NYSE: EXC). No financial terms were disclosed. Riverstone has formed a new portfolio company called?Raven Power?to hold the plants.?www.exeloncorp.com

Shelf Drilling International Holdings?has completed its previously-announced acquisition of 38 shallow-water drilling rigs from?Transocean Ltd.?(NYSE: RIG). The deal was valued at $1.05 billion, including $855 million in cash and $195 million in seller financing. Shelf Drilling is a portfolio company of Castle Harlan, CHAMP Private Equity and Lime Rock Partners.?www.shelfdrilling.com

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Source: http://finance.fortune.cnn.com/2012/12/03/private-equity-deals-252/

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