Citigroup Venture Capital has sold FastenTech Inc. to Doncasters Group Ltd. for approximately $492 million. FastenTech is a Minneapolis
Olympus Partners has agreed to sell Bermuda-based specialty insurance company Talbot Holdings Ltd. to Validus Holdings Ltd., a fellow insurance company backed by Aquiline Capital Partners, Goldman Sachs, New Mountain Capital and Vestar Capital Partners. No financial terms of the sale were disclosed. Talbot will serve as Validus' principal operation in the direct insurance market […]
PlantCML, a Temecula, Calif.
Winchester Electronics Corp., a Wallingford, Conn.
Varel Holdings Inc., a maker of drill bits for the oil & gas and mining industries, has acquired Pendemak Industries Ltd., Canadian distributor of Varel oil field drill bits for the past 26 years. The only financial terms disclosed were that Varel minority shareholder American Capital Strategies provided $16 million in the form of a […]
Firth Rixon Ltd., a Sheffield, UK
Canon Communications LLC of Los Angeles has acquired four manufacturing technology events from UK-based Trident Exhibitions Ltd. The shows are: IPOT; Machine Vision and Displays Technology; MTEC; Machine Building, Drives & Automation; and Practical Vacuum. No financial terms were disclosed. Canon is controlled by Spectrum Equity Investors. www.cancom.com
GMAC Insurance, a business unit of GMAC Financial Services, has agreed to acquire Provident Insurance, the UK-based automotive insurance division of Provident Financial PLC. The deal is valued at approximately
Endurance International, a portfolio company of Audax Partners, has acquired IPower Inc., in order to form a single provider of web hosting services to the SME market. LBOWire reports that the deal is valued at more than $100 million, and is structured as a recap that includes new equity and debt commitments from Cerberus Capital […]
LumaSense Technologies Inc., a Santa Clara, Calif.