Vision Capital is selling Terphane to publicly traded Tredegar Corp. for $188 million. Tredegar is a manufacturer of plastic films and aluminium extrusions. Terphane was the first investment from Vision Capital Partners VII L.P., the fund which closed in January 2009.
Greenwich, Conn., based investment firm Littlejohn & Co. has acquired SunSource Holdings Inc., a fluid power and motion control technologies distributor. Littlejohn & Co. bought the company from a fund managed by CHS Capital LLC. Terms were not released.
Energy Transfer Partners has entered into an agreement to sell its propane operations, consisting of Heritage Operating and Titan Energy Partners to AmeriGas Partners for approximately $2.9 billion.
Blackstone Group said it will acquire New Zealand fast food chain Antares Restaurant Group, which operates 75 Burger King restaurants, Reuters reported. The firm is buying the stake from Australian private equity firm Anchorage Capital Partners. Terms were not disclosed, but Reuters reported that analysts have estimated the deal around NZ$150 million ($120 million).
A Carlyle Group -led consortium, consisting of Yunfeng Capital, a private equity fund backed by Alibaba.com Ltd founder Jack Ma, has acquired an about 80 percent stake in GDC Technology, an Asian provider of servers for digital cinemas, reported Reuters. The Carlyle consortium paid about $75 million for the stake, said Reuters.
Belgian financial group KBC will sell its insurance subsidiary Fidea to private equity firm JC Flowers for 243.6 million euros ($337.75 million), reports Reuters.
Central and Eastern European focused Mid Europa Partners has completed the acquisition of a 65% stake in Kent Hospital Group, a private hospital operator based in Izmir, Turkey. In addition, Mid Europa entered into an agreement to increase its stake to up to 90% over time.
Duet Group, a global alternative asset manager, has integrated the TLG Capital team into Duet Africa Private Equity. The move will enhance key synergies that exist between the firms - leveraging regional experience and local presence from TLG Capital’s investment history.
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Xand Corporation, a provider of hosting services has been sold to a management team led by David Struwas and backed by ABRY Partners. DH Capital, an investment banking firm serving companies in the Internet infrastructure and communications sectors acted as financial advisor.