Yellow Point Equity Partners said Friday that it has completed its buy of Bravo Oilfield Safety Services. No financial terms were disclosed. Bravo is a provider of safety solutions to the Canadian oil and gas sector.
The Carlyle Group and PAI Partners have begun negotiations with France-based Schneider Electric to acquire Custom Sensors & Technologies. No financial terms were disclosed. CST specializes in sensing, control and motion products.
BaltCap has acquired a 75 percent stake in Ecoservice for 14.9 million euros. Based in Lithuania, Ecoservice is a waste management firm.
Private equity investor Lone Star is expected to receive bids from some large European banks for corporate bank IKB, one of Germany's high-profile victims of the financial crisis, sources told Reuters.
Italian fashion house Versace signed a deal on Thursday to sell a 20 percent stake to U.S. private equity firm Blackstone, spokespeople for the two companies said on Friday.
B&G Foods has agreed to acquire Specialty Brands of America from American Capital for $155 million in cash. Evercore Group advised American Capital on the deal. Based in Parsippany, NJ, B&G Foods is a seller and distributor of food and household products.
Health Digital Systems SAPI de CV has closed $25 million in funding from Northgate Capital. Match Point Partners helped secure the investment. Based in Mexico, with facilities in Latin America, HDS is a healthcare IT firm.
Guitar Center, a retailer of musical instruments and recording equipment, has completed a transaction that has reduced its total debt by about $500 million and annual cash interest expense by more than $70 million. As part of the deal, Ares Management has exchanged a portion of its holdings of the company's debt into preferred stock and taken a controlling interest in Guitar Center. Bain Capital, which acquired Guitar Center in 2007 in a deal valued at $2.1 billion, will retain partial ownership along with board representation.
Peak Rock Capital has acquired Cedar Rapids, Iowa-based Hunter's Specialties, Inc., which manufactures hunting accessories. Financial terms of the transaction were not disclosed.
CTE Industries Ltd, an Edmonton, Alberta-based manufacturer and supplier of oilfield cementation equipment, has been bought by Antelope Oil Tool & Manufacturing Co LLC. The financial details of the transaction were not published. With headquarters in Mineral Wells, Texas, Antelope is a manufacturer of oilfield casing and cementing products. The company said the acquisition of CTE will extend its geographic presence into Canada and expand its customer base. Antelope is a portfolio investment of energy-focused U.S. private equity firm Intervale Capital. Intervale acquired the business in June 2013.