The Spring Air Co. has acquired Tampa, Fla.-based mattress maker Consolidated Bedding Inc., a portfolio company of H.I.G. Capital. H.I.G. will hold an ownership position in the merged company. www.higcapital.com
ProSiebenSat. 1 Media AG of Germany has agreed to acquire Luxembourg-based SBS Broadcasting SA, in order to form a pan-European broadcaster. The deal is valued at Euro 3.3 billion. KKR and Permira acquired a controlling stake in ProSieben earlier this year, while the two firms also control SBS.
Magnum Semiconductor Inc., a Fremont, Calif.-based supplier of ICs, software and reference platforms for audio and video content, has agreed to acquire the consumer products business of LSI Corp. (NYSE: LSI). No financial terms were disclosed. Magnum recently raised a $27 million Series C round, and has raised a total of $52 million since its […]
International Port Holdings, a portfolio company of Global Infrastructure Partners, a 25% stake in Chennai Container Terminal Private Ltd., a container terminal within Chennai Port on the South East Coast of India. No financial terms were disclosed. CCT was built and developed by P&O Ports and is now operated by Dubai Ports World, which holds […]
Saga, a UK travel and insurance company targeting the over-50s, is to merge with motoring body the Automobile Association to create a Gbp6.15bn (US$12.2bn) group. Existing shareholders in the two companies will remain as investors in the new business. These include private equity houses Permira and CVC, which bought the AA from energy group Centrica […]
Hub International Ltd., a Chicago-based insurance brokerage, has agreed to acquire the assets of Unity Group Insurance, which has three offices in Ontario, Canada. No financial terms were disclosed. Hub was taken private earlier this month for $1.8 billion, by Apax Partners and Morgan Stanley Principal Investments. www.hubinternational.com
Interactive Technology Solutions LLC of Gaithersburg, Md. has agreed to acquire ITEQ Integrated Technologies Inc., a Silver Springs, Md.-based provider of IT services to the U.S. federal government. No financial terms were disclosed. IT Solutions counts Edgewater Funds among its minority shareholders. www.itsolutions-llc.com
TravelClick Inc., a Schaumburg, Ill.-based provider of hotel e-marketing solutions, has acquired Blue Square Studios, a Phoenix
Charlie Brown's Steakhouse, a portfolio company of Trimaran Capital Partners, has completed its $24 million acquisition of Atlanta-based restaurant chain Bugaboo Creek Steakhouse. www.charliebrowns.com
Sunshine Holdings Corp., a Scottsdale, Ariz.