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Praesidian Capital has exited its investment in Lucky Strike Entertainment, a company that operates upscale bowling centers in the U.S. and Canada. Praesidian invested $11 million of senior secured debt in Lucky Strike in April 2009. Praesidian exited its investment when Lucky Strike obtained financing from a new lender. No terms were released.

Global Brass & Copper Holdings Inc., a company which is backed by middle market buyout shop KPS Capital Partners, has filed with regulators to raise up to $150 million in an initial public offering of common stock.

Adobe Systems Inc. has acquired video ad management and monetization technology maker Auditude Inc. Terms of the deal were not released, though media reports have put the sale price at around $100 million. Palo Alto, Calif.-based Auditude had raised venture financing from investors including Granite Ventures, Silicon Valley Bank, Greylock Partners and Redpoint Ventures.

Wi-Lan Inc. has no plans to sweeten its hostile takeover bid for rival Canadian patent licensing firm Mosaid Technologies after U.S. private equity firm Sterling Partners topped its $532 million offer last week, Reuters reported. Mosaid agreed to be acquired by Sterling for C$590 million ($581 million), or C$46 a share, it said late on Thursday.

Chinese daily deals website Lashou Group plans to raise up to $100 million in an initial public offering on the Nasdaq, Reuters reported Tuesday. The company, which launched in March 2010 with a Groupon-like business model, provides daily deals across 500 cities and towns in China. The proceeds of its planned IPO would be used to expand its marketing efforts and delivery systems, according to a filing to the stock exchange.

Breckenridge Insurance Group, a specialty underwriting manager and wholesale insurance broker backed by Arsenal Capital Partners, has closed on $3.25 million in debt financing from Square 1 Bank. The company will use the funds for growth efforts. Arsenal Capital Partners is a New York-based private equity firm.

Matchbin has closed a $10 million equity financing round from investors including Level Equity, Greycroft Partners and vSpring Capital. Simultaneously with the financing, the company announced the acquisition of NAVTEQ Media Solution’s Radio and Television Group, and the closing a $12 million credit facility with Silicon Valley Bank. The combined company, which will now be […]

CVC Capital Partners could reconsider its plan to sell Belgian chemicals company Taminco and Dutch supermarket chain C1000 and opt to recapitalize them instead, Reuters reported Monday. Both companies have been put up for sale by CVC and attracted interest from trade buyers and buyout houses after first round bids were due in October.

Encompass Supply Chain Solutions Inc., a provider of forward and reverse logistics for electronics products and replacement parts, has completed its acquisition of the assets of Encompass Group Affiliates Inc. Terms were not released. The board of Encompass Supply Chain Solutions includes representatives from Sankaty Advisors, the credit affiliate of Bain Capital.

Mountain View, Calif.-based Adaptive Planning has named John Herr as its new chief executive. The company, which provides on-demand corporate performance management software, is backed by venture firms ONSET Ventures, Monitor Ventures, Cardinal Venture Capital and Clairmont Capital. Herr was most recently an executive-in-residence at Norwest Venture Partners. Earlier, he was president and CEO at EZ Shield, a technology-enabled services company. He has also worked as vice president and general manager at eBay and PayPal.