New Page Capital has bought Sophia, North Carolina-based Engineered Steel Products, a structural steel manufacturer. No financial terms were disclosed. Bundy Group advised Engineered Steel Products on the transaction.
Morgan Stanley is looking to sell its 19 percent stake in London-based Lansdowne Partners LLP, the Wall Street Journal reported on Sunday.
Pamplona Capital Management has completed its previously announced acquisition of Charter NEX Films Inc from Mason Wells. No financial terms were disclosed. Based in Milton, Wisconsin, Charter NEX is a a maker of polyethylene films. Houlihan Lokey Capital advised Charter NEX on the transaction.
UK private equity firm Exponent has emerged as the frontrunner to buy open-top sightseeing company Big Bus Tours, sources told Reuters.
TA Associates has agreed to buy a majority stake in NorthStar Financial Services Group and its nine subsidiary wealth management industry service providers. No financial terms were disclosed. In addition to the investment, M. Roy Burns and Todd R. Crockett, both of whom serve as managing directors at TA Associates, have been appointed to NorthStar's board of directors. Raymond James & Associates is acting as financial advisor to NorthStar on the transaction.
Nautic Partners LLC has agreed to buy Compton, California-based IPS Corp, which provides solvent cements, specialty plumbing products and specialty adhesives. No financial terms were disclosed. GE Capital and LStar Capital provided financing for the deal while Robert W. Baird & Co. served as financial advisor to IPS.
Malaysia's IHH Healthcare Bhd and U.S. private equity firm TPG Capital Management are vying to buy a controlling stake in India's Global Hospitals in a deal that would value the privately owned chain at $350 million, sources told Reuters.
Centerbridge Partners has closed its previously announced buy of IPC Systems, a Jersey City, New Jersey-based provider of network services and trading communication technology for the financial markets. No financial terms were disclosed although previous reports said the price of the transaction would be about $1.2 billion. The seller was Silver Lake Partners. Evercore and Goldman Sachs advised IPC while Barclays and Credit Suisse Securities (USA) LLC advised Centerbridge.
International Finance Corp (IFC), a member of the World Bank Group, has provided funding to Off Grid Electric, a Tanzanian solar leasing company. The IFC Cleantech Innovation Facility committed a US$4.5 million loan to the company. In addition, Cordiant Capital, a Canadian private equity and debt investor in emerging markets, committed a US$2.5 million loan. Off Grid Electric is a provider of home solar electric systems to consumers in rural and urban Tanzania. It plans to reach 200,000 households in the country by 2015.
Catterton has made an investment in women's activewear brand Sweaty Betty. No financial terms were disclosed.