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United Recovery Systems, which is backed by the Audax Group, has acquired the businesses of AID Associates Inc., which runs collection services companies Plaza Associates and A.C.B. American. Houston-based United Recovery Systems provides a third-party contingency debt collection services for credit card companies, auto loan companies and retail companies. Terms were not released. Audax bought United Recovery in 2008.
New York-based buyout shop Monomoy Capital Partners has acquired Oneida Ltd., the maker of flatware and dinnerware. The investment is the first deal out of the firm’s second fund, Monomoy Capital Partners II. Terms were not released. Oneida was formed in 1880, and makes flatware and dinnerware for consumers and the foodservice industries.
Bain Capital and BC Partners are up against domestic retailers in the 1 billion euro ($1.4 billion) competition to buy the Netherlands' number two supermarket chain C1000, Reuters reported. The buyout shops have entered into the second round of the sale process. Dutch groups Jumbo and Sperwer Holding are also in the running.
IK Investment Partners' sale of German outdoor sport surface maker Sport Group is in limbo as private equity firms reconsider bids for the company, Reuters reported Wednesday. Bankers are concerned that Sport Group's earnings could drop as the company is exposed to falling public spending, Reuters wrote. EQT, Nordic Capital and PAI Partners have been interested in the company, which had a price tag of around 200 to 250 million euros. Nordic Capital has already pulled out of the process.
Charterhouse Group and Thompson Street Capital Partners have acquired Perimeter Technology in partnership with Cequel III, a St. Louis-based management and investment firm. Oklahoma City-based Perimeter is a provider of data center colocation and managed hosting services. Terms of the deal were not released.
Alex Kinnier has joined venture firm New Enterprise Associates as a partner. Previously, Kinnier was a partner at Khosla Ventures in Menlo Park, Calif., where he focused on information and consumer internet technology investments. Earlier in his career he was a group product manager at Google. Kinnier will work out of NEA’s east coast offices.
Malaysia-based private equity firm Navis Capital Partners has exited its investment in King's Safetywear Ltd, a maker of protective shoes for workers in factories, mines and other industrial environments. U.S. manufacturer Honeywell International Inc. is paying $338 million for the company, Reuters reported Tuesday.
Kohlberg Kravis Roberts & Co. is in talks to buy most of Samson Investment Co., a privately held U.S. oil and gas company, Reuters reported Tuesday. The private equity firm is not likely to want Samson's Gulf of Mexico assets, one of the sources said. While the whole company could be worth $8 billion to $10 billion, KKR's bid without the Gulf of Mexico assets is likely to be in the range of $7 billion, Reuters wrote.
The Los Angeles Dodgers baseball team said it has agreed with Major League Baseball officials to a court-supervised sale of the team and its media rights, potentially ending a long-running court battle between the league and owner Frank McCourt, Reuters reported. Blackstone Group will manage the sale. The Dodgers filed for bankruptcy in June after the league's commissioner, Bud Selig, rejected the team's proposed deal to sell its broadcast rights to generate desperately needed cash, Reuters wrote Wednesday.
Yahoo Inc. is buying publicly traded, data driven advertising network Interclick Inc. for $270 million, or $9 per share, the companies announced. The cash deal is expected to close by early 2012. GCA Savvian Advisors acted as the lead financial advisor to interclick on the deal.
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