Dynamic Precision Group, which is backed by The Carlyle Group, has agreed to buy eight aerospace component fabrication and machining facilities from Unison Engine Components, a subsidiary of GE Aviation. The deal is expected to close by the end of the year. Financial terms weren't disclosed. The eight plants, located on three sites in the U.S., Canada and the UK, design, make and integrate components and systems for aircraft engines and airframes. RBC Capital Markets and Deutsche Bank are providing financing.
American Family Insurance has agreed to buy Homesite Group for $616 million. Sellers include Alleghany Corp., Metalmark Capital and The Plymouth Rock Co. Boston-based Homesite is a direct writer of homeowners, renters and condominium insurance. KPMG Corporate Finance provided financial advice to American Family. Lazard Frères & Co. acted as financial adviser to Homesite.
Platinum Equity and The Gores Group have sold Alliance Entertainment to California-based music and video wholesaler Super D. Financial terms of the transaction were not disclosed.
French industrial gases maker Air Liquide is in talks to sell its Anios healthcare unit in a deal potentially worth about 350 million euros ($461.9 million), writes Reuters. The prospective buyer is AXA Private Equity, which was spun off from French insurer AXA this year, writes Reuters.
Vancouver-based Banyan Capital Partners announced this week that it has acquired a majority stake in MIP, Inc., a Montreal-based manufacturer of healthcare textiles and reusable healthcare products. Financial terms were not disclosed.
Bregal Sagemount, the growth equity firm founded by former Goldman Sachs and Great Hill Partner executives, has clinched five deals since its launch in May 2012.
Houston Ventures and Palmetto Partners have made a growth equity investment in Geoforce. Houston Ventures and Palmetto will have a minority stake. Coppell, Texas-based Geoforce provides asset tracking solutions for the oil and gas industry.
AeroMetric, which is backed by Arlington Capital Partners, has agreed to buy GMR Aerial Surveys and Watershed Sciences to create Quantum Spatial. Financial terms weren't announced. Quantum Spatial provides location-based tools, analytics and data focused on the North American market.
Seacoast Capital said Wednesday that it has teamed up with QK management, Cave Creek Capital Management and Stewart Capital Management to recapitalize QK. No financial terms were disclosed. QK operates 79 Denny's restaurants in six states and is considered the largest Denny's franchisee in the world.
Newcastle Investment Corp. said Wednesday that it has acquired Dow Jones Local Media Group from News Corp for $87 million. The Local Media Group operations will be managed by GateHouse Media, an affiliate of Fortress Investment Group, Newcastle’s manager. The Dow Jones Local Media Group is a publisher of 33 local daily and weekly newspapers.