European financial services private equity firm AnaCap has acquired Brightside, a UK insurance broker. No financial terms were disclosed.
Israel-based SodaStream International, which makes home soda machines, is in talks to be taken private in a deal valuing the company at $828 million, Bloomberg said, citing people familiar with the matter.
Philips has picked Morgan Stanley to organize the sale of a stake in its lighting components business, which it is carving out as part of a strategic reshuffling, sources told Reuters.
Vector Capital and Cerium Technology have recapitalized Allegro Development Corporation, a software provider for power and gas utilities, refiners, producers, traders and energy consumers. David Fishman, a managing director with Vector, will join Allegro's board of directors. Jason Liu is joining Allegro as interim chief executive officer.
The Boyd Group, a Winnipeg, Manitoba-based operator of non-franchised collision repair centres in North America, has been approached for takeover by private equity firms, according to a report by the Wall Street Journal. Boyd, the report notes, is the only large auto-body repair chain that is currently not owned by private equity investors. Auto-body repair shops have been a source of intense dealmaking of late, in part because of the fragmented nature of the industry.
Avison Young Inc has bought Aguer Havelock Associates Inc, a U.S. commercial real estate brokerage company. Financial terms of the transaction were not released. Avison said the deal adds brokerage services to its current property management and lease administration offerings in Sacramento, and further expands the company's business-line coverage in northern California. A portfolio company of Canadian private equity firm Tricor Pacific Capital since 2011, Avison has completed at total of 20 add-on acquisitions over the past three years.
Private equity firm Advent International and a Bulgarian-Russian consortium led by businessman Denis Barekov are favorites to buy Hypo Alpe Adria's Balkan bank network, sources told Reuters.
Ardian has agreed to acquire ADA Cosmetics International from The Carlyle Group, the firm announced Thursday. No financial terms were disclosed. Based in Kiehl, Germany, ADA Cosmetics is a maker of hotel cosmetics.
Milestone Partners said Thursday that it has acquired PayLink Payment Plans. No financial terms were disclosed. Based in Chicago, PayLink is a provider of payment financing and processing solutions for vehicle service contracts providers.
Trilantic Capital Partners and Ward Petroleum Corp. have teamed up to launch Ward Energy Partners, an oil and gas exploration and production company. No financial terms were disclosed. WEP will focus on various basins in Oklahoma and Eastern Colorado.