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Babson Capital announced that it provided $22.2 million of mezzanine debt financing and made an equity co-investment of $2.2 million to support Kohlberg & Co.'s acquisition of SouthernCare Inc. SouthernCare is based in Dallas and is a provider of hospice care. The company was formed in 1994.

ConvergEx Group, a software provider for brokerage and investment technology firms, said it terminated its merger agreement with private equity firm CVC Capital, partly because of probes by U.S. regulators, Reuters reported Friday. CVC Capital was looking to buy ConvergEx, which is partly owned by Bank of New York Mellon, for $1.9 billion, Reuters wrote.

U.S. regulators are expected to extend the comment period for the Volcker rule, which bans banks from trading with their own funds, Reuters reported Friday. Both congressional Republicans and bank lobbying groups have been asking regulators to provide more time for comments on a proposed rule that was released in October, Reuters wrote. Under the 2010 Dodd-Frank financial oversight law, enacted in response to the 2007-2009 financial crisis, the Volcker rule is supposed to go into effect in July 2012.

Templeton Strategic Emerging Markets Fund III has acquired a minority stake in Latin America-based parking company Estapar. Terms of the deal were not released. Estapar operates 810 parking lots in Brazil.

RightNow Technologies Inc., the publicly traded online customer service company, said Friday that its shareholders have approved a merger with Oracle Corp. In October, Oracle said it would buy RightNow for $43 per share in cash, or approximately $1.5 billion.

Gaming software maker Cantor Entertainment Technology Inc., a unit of financial services firm Cantor Fitzgerald, has filed to raise up to $100 million in an initial public offering, Reuters reported. The Nevada-based company told the U.S Securities and Exchange Commission in a preliminary prospectus that Cantor Fitzgerald would underwrite the IPO.

Middle-market buyout shop Genstar Capital will acquire Innovative Aftermarket Systems, a marketer, administrator and underwriter of vehicle protection products and related services sold through franchised automobile dealers. The company is based in Austin, Texas. Terms of the deal were not released. Macquarie Capital acted as financial advisor to IAS in the transaction.

Malaysian's state-linked investor fund Khazanah Nasional and its healthcare unit, Integrated Healthcare Holdings, will acquire Turkish hospital group Acibadem, Reuters wrote Friday. The deal values Acibadem at $1.68 billion. Integrated Healthcare Holdings will acquire 60% of the company; Khazanah, via its special purpose vehicle Bagan Lalang Ventures, will co-invest with IHH to acquire a 15% direct stake, Reuters wrote. The Aydinlar family will own the remaining 25% of Acibadem.

Covis Pharma -- a Switzerland-based pharmaceutical company backed by Cerberus Capital Management, Princeton Biopharma Capital Partners and Bourne Capital Partners -- is buying the U.S. commercial rights for several drugs from GlaxoSmithKline. Terms of the agreement were not disclosed. GlaxoSmithKline will retain the existing rights for the products in countries outside the United States.

Swedish buyout shop Ratos has hired Navigo Partners to advise it on the sale of pest control firm Anticimex, Reuters reported Friday. A deal for Anticimex could be worth as much as 2.5 billion Swedish crowns ($364 million). Ratos bought its 85% stake in Anticimex from Nordic Capital in 2005 in a deal that valued the company at 1.6 billion crowns.