Catterton Partners said Thursday that it has closed its sale of Mid-Atlantic Convenience Stores to Sunoco. No financial terms were disclosed. Based in Maryland and Virginia, Mid-Atlantic Convenience Stores is a convenience store operator with 300 company-owned and dealer locations.
According to Reuters, Forstmann Little & Co, which put talent agency IMG Worldwide on the block this summer, is currently courting first-round bids from from four private equity firms CVC Capital Partners, KKR, Silver Lake and TPG Capital.
Gladstone Investment Corp. has acquired Alloy Die Casting for $16.3 million. To support the buy, Gladstone Capital Corp. was a co-investor, providing $7 million in debt and equity financing. Headquartered in Buena Park, Calif., ADC is a maker of aluminum and zinc castings for aerospace, defense, aftermarket automotive and industrial applications.
Dr Gerard, a producer of branded and private label biscuits in Poland, has been acquired by Bridgepoint from Groupe Poult of France, for an undisclosed amount. The company operates from three sites across Poland where it employs over 950 people and in recent years has developed a growing export business to the wider CEE region.
Venator Real Estate Capital Partners, investment advisor to the general partner of Trophy Property Development L.P. has announced that the fund has entered into an asset swap agreement with Shui On Land. Under the agreement, the fund will become majority owner of a large residential project in Shanghai in exchange for its minority investments in four developments in other key regions in China. The transaction is expected to close in the fourth quarter of 2014 subject to closing conditions.
Catterton Partners has invested in Protein Bar, a high-growth, fast casual restaurant chain. Terms of the deal were not disclosed. Protein Bar will use the proceeds to expand its concept of providing customers "craveable food" that is good for them.
WL Ross & Co.'s Permian Basin Materials has completed the acquisition of Crockett County Mining, Highland Concrete Co. and Wallach Concrete. WL Ross funds own 80% of Permian Basin Materials, while existing shareholders from the acquired companies own a combined 20%.
Private equity firm Ardian, which was recently spun off from French insurer AXA, has completed fundraising for a new 2.4 billion euro ($3.26 billion) buyout fund with fresh money from the United States and Asia, writes Reuters. Ardian said it had already committed 24 percent of the fund to six mid-market deals, writes Reuters.
CameronTec is to acquire US-based Greenline Financial Technologies, a provider of FIX and electronic trading technology solutions and services and wholly-owned subsidiary of MarketAxess Holdings Inc. CameronTec is owned by Nordic Capital Fund VII.
Blackstone real estate funds have completed the acquisition of Multi Corporation. Multi is an owner, manager and (re)developer of high quality shopping centres across Europe.