cnolan

Private equity shop Audax Group has completed its $486 million sale of portfolio company ColorMatrix, dealing the company to chemical maker PolyOne Corp. ColorMatrix is a manufacturer of colorants and other additives for plastics. Audax Group put ColorMatrix on the block this summer.

China's state news agency Xinhua plans to list its online portal in a 1 billion yuan ($157.8 million) stock market offering in Shanghai, Reuters reported Friday. China International Capital Corp. is underwriting the deal.

Boulder, Colo.-based investment firm Revelry Brands has acquired Berkeley-based PACT Apparel Inc. The terms of the deal were not released. Revelry Brands focuses on growth-stage investments in the natural foods and consumer products sectors.

Yahoo Inc. is considering a plan to unload most of its prized Asian assets in a complex deal valued at roughly $17 billion, Reuters wrote Wednesday. The offer - the latest among proposals put forth in recent months to resuscitate the once high-flying Internet company - is expected to be considered by Yahoo's board on Thursday, Reuters wrote.

Buyout shop Lone Star has acquired Lloyds Banking Group's Project Royal portfolio of debt, worth more than 900 million pounds ($1.4 billion), Reuters reported Thursday. The deal was signed Thursday morning. Lone Star’s bid was backed by senior debt from Royal Bank of Canada and Citigroup.

Williams Partners LP said it will buy a pipeline system serving the gas producing Marcellus Shale in north-east United States fromDelphi Midstream Partners, paying $750 million, Reuters wrote Thursday. Williams Partners is based in Tulsa, Oklahoma.

India's GVK Power and Infrastructure plans to sell a minority stake in its Australian unit to raise funds to retire part of its debt and fund operations, Reuters wrote Thursday. The Indian firm has hired Citigroup and Macquarie to raise $300 million to $500 million, Reuters said.

Akamai Technologies Inc. is paying $268 million to acquire venture-backed competitor Cotendo. Web and mobile acceleration services provider Cotendo was founded in 2008, and is based in Sunnyvale, Calif.-based, with a technology center in Israel. Cotendo has raised venture financing from investors including Sequoia Capital, Benchmark Capital and Tenaya Capital.

China's sovereign wealth fund has taken a 25% in South Africa's unlisted Shanduka Group, Reuters reported. CIC reportedly paid 2 billion rand ($240 million) for the stake. CIC acquired its shares primarily from exiting shareholders, Old Mutual Private Equity and South African investment bank and asset manager Investec.

Canon Inc. plans to delist Océ N.V. from the Amsterdam stock exchange NYSE Euronext, after acquiring shares in the company currently owned by investment firm Orbis Funds, according to a press release. After acquiring Orbis’ shares, Canon's ownership in Océ would reach 98.83% of the entire issued share capital. Océ develops, manufactures and sells printing and copying hardware and related software.