Eamon

TA Associates completed its majority investment in Dymatize Enterprises Inc., a Dallas,Texas-based maker and marketer of nutritional and sports supplements. Dymatize’s founders will remain with the company and retain a significant portion of their equity. Other terms of the investment were not disclosed. Goodwin Procter LLP provided legal counsel and Imperial Capital LLC provided advisory services to TA Associates, which is a growth private equity firm based in Boston, Mass.

iGate, a software firm backed by Apax Partners, agreed to acquire a majority stake in India’s Patni Computer Systems for $1.2 billion, Reuters reported. iGate agreed to pay 503.50 rupees a share for a 63 percent stake in Patni from founder General Atlantic LLC. This values the transaction at $921 million. iGate plans to acquire another 20.6 percent stake from minority shareholders for $301 million. The deal is expected to close during the first half of 2011.

3i Group PLC’s Trescal portfolio company plans to acquire Dynamic Technology Inc., a Detroit, Mich.-based company that offers calibration and repair services of test and measuring equipment. The deal allows Trescal to enter the U.S. market. Trescal provides calibration services.

A group of buyout shops is interested in pursuing Sara Lee Corp. A source familiar with the situation told Reuters on Sunday that the group, which includes Apollo Global Management, made an approach to the food and beverage company. The Wall Street Journal reported the news earlier and said the group includes Bain Capital and TPG Capital.

M8 Capital made a $4.2 million investment in SCHAD, which is a Hamburg, Germany-based mobile technology company. M8 Capital is a London, U.K.-based venture capital fund that exclusively invests in mobile technology. SCHAD GmbH is already backed by eCAPITAL entrepreneurial Partners AG.

API Technologies Corp.. signed a definitive merger agreement with Vintage Capital Management LLC to acquire SenDec Corp., a defense electronics manufacturing service concern based in Fairport, N.Y. API will buy 100 percent of the equity in SenDec. The deal will include SenDec’s manufacturing operations and about $30 million of cash for 22 million API common shares to an affiliate of Vintage Capital. The Orlando, Fla.-based firm will become majority shareholder of API.

Actis Capital LP of London, UK selected FirstRain Inc. for use in its investment research process. FirstRain is a California-based provider of real-time business intelligence solutions that has VC backers including Ampersand Ventures, Diamond Ventures and Oak Investment Partners.

Gloucester Engineering Co. received bankruptcy court approval for the disclosure statement in its reorganization plan. The statement describes the proposed reorganization plan and contains information regarding the debtor and its business. Ballots have been sent to creditors and a confirmation hearing is scheduled for Dec. 20. The proposed reorganization is sponsored by Blue Wolf Capital Partners LLC’s Blue Wolf Capital Fund II. It also has the support of the creditors’ committee. Gloucester Engineering is a Massachusetts-based provider of equipment for the plastics extrusion and converting industry.

Covington Capital Corp. of Toronto agreed to pay $5 million toward termination costs associated with the acquisition of five VenGrowth Funds. Covington also agreed to honor the lower management fee structure it negotiated with VenGrowth Funds’ board.

Centerview Partners Holdings LLC of New York acquired Richelieu Foods Inc. together with the management of the private label food maker. Financial terms were not disclosed. The business was previously owned by Brynwood Partners LP of Greenwich, Conn.