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Publicly traded medical device maker AngioDynamics is buying private equity-backed Navilyst Medical in a deal valued at $372 million. Avista Capital Partners acquired Navilyst Medical from Boston Scientific in 2008. Navilyst is a medical device company focused on areas including vascular access, interventional radiology and interventional cardiology.

Japan's Orix Corp. has dropped out of the race to buy private equity-backed software developer Yayoi, Reuters wrote Tuesday. Orix, along with Bain Capital and Advantage Partners, had advanced to the final round of bidding for Yayoi, in a deal worth about $800 million. MBK Partners is the seller. MBK acquired Yayoi in 2007 for 71 billion yen, or about 17 times EBITDA, Reuters reported.

Buyout shop Warburg Pincus is promoting seven of its principals to the post of managing director, and hiring two new managing directors, the firm announced Monday. The two new managing director hires are Mazin Al Khatib, who was previously a managing director at Investcorp Bank, and Somit Varma, who will work on energy deals and was previously global head of the natural resources group of the International Finance Corporation, Reuters wrote Monday.

Siemens AG is paying about C$382 million ($381.41 million) to buy Canada's RuggedCom Inc., Reuters reported Monday. The $33 per share offer is at a premium of 26% to RuggedCom's Friday closing. RuggedCom makes heavy-duty routers and ethernet cables used in power distribution and refineries.

New York-based jewelry designer Alexis Bittar has entered into a partnership with private equity firm TSG Consumer Partners. The firm is investing an undisclosed amount into Alexis Bittar. Terms were not released.

A consortium led by South Korean retailer E-Land is among the short-listed bidders vying for the Los Angeles Dodgers baseball franchise, Reuters wrote Monday, citing reports from the Yonhap News Agency. A deal for the Dodgers is estimated between $1.2 billion and $1.5 billion, Reuters said. The Dodgers filed for bankruptcy protection in June last year and a sale of the franchise was announced last week.

British bingo and casino operator Rank is in talks with private equity-owned Gala Coral over the possible acquisition of Gala's casino business, Reuters wrote Monday, citing a report in the Sunday Times. Rank is 74% owned by Malaysian-based gambling group Guoco. A price tag for the deal could reach up to 250 million pounds ($392 million), Reuters wrote.

(Reuters) - Russia's $10 billion private equity fund is making its first investment, buying a stake in the country's MICEX-RTS stock market with the aim of boosting the exchange's IPO hopes and helping develop Moscow's rudimentary capital markets. The Russian Direct Investment Fund, a $10-billion state fund set up to attract foreign direct investment into Russia, will buy a 1.25% stake in the exchange, according to a press release.

HgCapital, the mid-market private equity shop, is looking to exit its investment in SHL, the largest private employer of business psychologists in the world, Reuters reported, citing an article in the Financial Times. The UK-based business is valued at about $700 million.

TPG Capital, News Corp. and Time Warner have all put in bids for the media assets of Turkey's Calik Holding, Reuters reported Monday. The bids were reportedly all around $1 billion, Reuters wrote.