Bear Growth Capital Partners has acquired swimwear retailer Just Add Water, and said that it will be combined with existing portfolio company Everything But Water. No financial terms were disclosed. www.justaddwater.com www.bsmb.com
Charlie Brown's Steakhouse, a portfolio company of Trimaran Capital Partners, has agreed to acquire Atlanta-based restaurant chain Bugaboo Creek Steakhouse for $28 million. The deal is expected to close by Q3 2007. www.charliebrowns.com
The TXU energy deal looks destined to become the biggest buyout ever. But the deal already may have set a record for the largest reverse break-up fee ever agreed to—an eye-popping $1 billion. In just the last two years, reverse break-up fees have become a common feature of going-privates and other large LBO transactions, a […]
Broadview Networks Holdings Inc., a Rye Brook, N.Y.-based provider of integrated communications and managed security services, has agreed to acquire InfoHighway Communications, a New York-based provider of hosted and managed communications solutions for business customers in the Mid-Atlantic and Northeastern U.S. No financial terms were disclosed. Broadview shareholders include Baker Capital, MCG Capital, New Enterprise […]
Alpha Packaging, a St. Louis
BecoTek AS, a Norwegian industrial components based on copper alloys, has acquired Johnson Metall AB, a Nordic manufacturer of finished and semi-finished products in bronze, from Hexagon AB. BecoTek is controlled by Norvestor.
Berkeley Capital Management of San Francisco has agreed to acquire the investment team of CapitalWorks Investment Partners, a San Diego-based firm that manages approximately $650 million in traditional and alternative assets for institutional investors. No financial terms were disclosed. Lovell Minnick Partners acquired Berkeley Capital Management in 2003 from London Pacific Group. www.Berkeleycm.com
Optiant Inc., a Burlington, Mass.-based provider of inventory planning and optimization solutions, has acquired SLIM Technologies, a Boston-based provider of supply chain network design technology solutions. No financial terms were disclosed. Optiant has raised nearly $40 million in VC funding from firms like Battery Ventures, Castile Ventures and LogiSpring. www.optiant.com www.slimcorp.com
PatchLink Corp., a Scottsdale, Ariz.-based provider of security patch and vulnerability management solutions, has acquired a vulnerability database unit from Harris Corp. (NYSE: HRS). No financial terms were disclosed. PatchLink has raised around $40 million in VC funding from firms like Bay Partners, GIC, Granite Global Ventures and Scale Venture Partners. www.patchlink.com
Update: The deal was just announced. Download the press release here: TXU_Release.pdf The Blackstone Group’s claim to the largest leveraged buyout might not last more than a month. Various press reports suggest that Kohlberg Kravis Roberts & Co. and Texas Pacific Group are nearing a deal for Texan energy giant TXU that could be valued […]