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eBay Inc. has acquired BillSAFE, a German provider of purchase-on-invoice technology. Terms of the deal were not announced, though eBay says it plans to combine BillSAFE with its PayPal service. eBay previously took a minority stake in BillSAFE in 2010, and now owns 100% of the outstanding shares.

U.S. sandwich chain Quiznos, which is struggling with slumping sales and a recent violation of debt terms, is close to a deal to restructure its roughly $870 million of debt, Reuters wrote Thursday, citing the Wall Street Journal. The company is owned by firms CCMP Capital Advisors and Consumer Capital Partners. However, as part of the tentative deal, hedge fund Avenue Capital would convert its debt to equity and invest cash in Quiznos, giving Avenue more than a 70% ownership stake in the chain, Reuters wrote.

Macquarie Infrastructure Partners II is buying WCA Waste Corp. in a cash deal valued at $526 million, Reuters reported. Macquarie will pay $6.50 for each WCA share, a premium of 32% to the stock's Wednesday close of $4.91 on Nasdaq.

Buyout shop Sterling Partners has put an undisclosed amount of money into Dallas-based First Choice Emergency Room, a provider of freestanding emergency rooms. Terms of the deal were not released.

Ametros Financial, a company owned by New York-based buyout shop Clarion Capital Partners, has named Donald Batchelor as vice president. Previously, Batchelor was senior vice president of Network Services and Operations with a startup healthcare company specializing in the federal sector. He will be based in Southlake, Texas.

Huron Capital Partners announced Wednesday that is has recapitalized Sock and Accessory Brands Global LLC. The Mocksville, N.C.-based company is a designer and marketer of “fashion casual” and athletic socks. Terms were not released.

Activist hedge fund Starboard Value has taken a 4.5% stake in AOL Inc. and requested a meeting with the Internet company's Chief Executive and board, Reuters reported Wednesday. The fund said Wednesday that AOL is deeply undervalued and it blamed the company's massive operating losses in its display business, Reuters wrote.

Linsalata Capital Partners portfolio company Whitcraft Group has completed its acquisition of Dell Manufacturing Co. Whitcraft is a manufacturer of machined and fabricated parts for commercial and military aircraft engines. Terms of the deal were not released.

Sun Capital Partners has promoted five to the position of managing director: Paul Daccus, Scott Edwards, Anthony Polazzi, Brian Urbanek and Aaron Wolfe. The firm now has 22 managing directors. Sun Capital has offices in Boca Raton, Los Angeles, and New York.

Denver-based private equity firm KRG Capital Partners has completed its sale of Avizent to York Risk Services Organization Inc. The deal closed on December 15, and is KRG’s third exit from its third fund. York Risk Services Organization is a portfolio company of ABRY Partners. Terms of the all-cash deal were not released.