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Designed Metal Connections, which does business as Permaswage, has completed its acquisition of the aerospace fittings assets of Burbank, Calif.-based HK Fittings. Financial terms of the deal were not released. Los Angeles-based Permaswage manufactures aerospace permanent fluid fittings. The company is backed by private equity firm Bridgepoint.

Buyout shop Bain Capital will buy Rotterdam-based chemical distributor IMCD, Reuters reported. The deal values the Dutch company 650 million euros ($857.5 million), Reuters said. Bain was reportedly in the second round of bidding for IMCD. Other bidders, including New Mountain Capital and Cinven, dropped out of the running. IMCD is owned by AAC Capital, the former private equity arm of ABN Amro, Reuters said.

Pharmaceutical giant GlaxoSmithKline has agreed to pay 162 million pounds ($255 million) for private equity-backed Maxinutrition Group Holdings. GlaxoSmithKline will acquire 100% of the shares, providing an exit for Darwin Private Equity. UK-based Maxinutrition manufactures protein-enhanced nutrition products. London-based Darwin Private Equity acquired Maxinutrition in 2007.

A buyout fund run by Korea Development Bank has agreed to pay $1.9 billion for a controlling stake in Daewoo Engineering & Construction, Reuters reported. The Seoul-based fund will buy 37.16% of Daewoo from investors who held an option to sell the stake back to the cash-strapped Kumbo Asiana Group at a price much higher that current market value, Reuters said. Korea Development Bank is the lead creditor for Kumbo.

Peter Nachtwey, chief financial officer for buyout shop The Carlyle Group, has resigned, Reuters reported, citing a story in the Financial Times. The departure could delay Carlyle’s planned initial public offering, Reuters said. Natchtwey will be replaced by Glenn Youngkin in the interim. Youngkin is the chairman of Carlyle’s operating committee and serves on the firm's executive committee. Nachtwey joined Carlyle in 2007 after working for Blackstone Group.

Reckitt Benckiser will pay 32.6 billion rupees ($726 million) for private equity-backed Paras Pharmaceuticals, Reuters reported. Buyout shop Actis owns 63% of India’s Paras. Other shareholders include Silicon Valley-based venture firm Sequoia Capital. UK-based Reckitt Benckiser produces a wide range of household, health and personal care products. Actis has $4.7 billion under management.

A slew of buyout shops, including Blackstone Group, Apollo Global Management, Kohlberg Kravis Roberts & Co., TPG Capital and Bain Capital, are all interested in buying diagnostics and medical instruments company Beckman Coulter, Reuters reported. Beckman Coulter is considering selling itself, Reuters reported, adding that the company hired Goldman Sachs to help it weigh options. Beckman Coulter is based in Brea, Calif., and has a market capitalization of roughly $4 billion.

Private equity firm CapMan and other owners of OneMed Group will sell their stakes to private equity firm 3i Group and OneMed's management. CapMan owned roughly 66% of OneMed Group prior to the deal, which is expected to close in February 2011. OneMed is a medical supplies company based in Northern Europe. The company has offices in Finland, Sweden, Norway, Denmark and Poland.

Technology Crossover Ventures has promoted Nari Ansari and Kapil Venkatachalam from senior associates to vice presidents. Ansari and Venkatachalam both joined Technology Crossover 2006. Ansari focuses on software, Internet and services investments. Venkatachalam focuses on the enterprise software, infrastructure and services markets. Technology Crossover is based in Palo Alto, Calif.

Chinese social networking company Oak Pacific Interactive, which has raised more than $430 million in venture capital, is considering an initial public offering in the United States, Reuters reported. The company hired Credit Suisse Group and Deutsche Bank to underwrite its IPO slated for the first half of next year, Reuters said. Oak Pacific Interactive is backed by Technology Crossover Ventures, Accel Partners, Legend Capital, Softbank, Joho Capital, General Atlantic and Doll Capital Management.