Ace Mortgage Funding, a portfolio company of Roark Capital Group, has acquired Millennium Funding Group, a Vancouver, Wash.
DriveSol Worldwide Inc., a Troy, Mich.-based portfolio company of Sun Capital Partners, has acquired the automotive steering business of The Timken Co. (NYSE TKR). No financial terms were disclosed, except that the unit had 2005 sales of around $110 million. www.drivesol.com www.timken.com
Intrawest Corp., a resort operator owned by Fortress Investment Group, has agreed to acquire Colorado-based Steamboat Sky & Resort from American Skiing Corp. for $265 million. www.intrawest.com www.peaks.
Navigon AG, a German mobile GPS company backed by General Atlantic, has agreed to acquire the navigation software business of Navteq Corp. (NYSE: NVT) for an undisclosed amount.
Xyratex Ltd. (Nasdaq: XRTX) has agreed to acquire the key assets of ARIO Data Networks Inc., a San Jose, Calif.-based provider of bladed storage solutions and RAID controllers. No financial terms were disclosed for the deal, which is expected to close by year-end. ARIO had raised over $35 million in total VC funding, including a […]
Check Point Software Technologies Ltd. (Nasdaq: CHKP) has agreed to acquire NFR Security, a Rockville, Md.-based provider of real-time network threat prevention solutions. The deal is valued at approximately $22 million, including acquisition expenses. NFR has raised around $43 million in VC funding since 2000, from firms like Lazard Technology Partners, Allen & Co., Blue […]
DDJ Capital Management has sold its majority interest in Austin, Texas-based jewelry retailer Samuels Jewelers Inc. to Gitanjali Gems Ltd. No financial terms were disclosed. www.samuelsjewelers.com
SVB Capital is raising up to $50 million for its first India-focused venture capital fund, according to a regulatory filing. It already has secured over $33 million in capital commitments. www.svb.com
JT Partners has formed as a New York-based placement agent for private equity firms, with a focus on real estate. It is backed by Apollo Real Estate Advisors and Ramius Capital Group. The team includes: Mitchell Sikora, managing director, former executive director in the Real Estate, Leisure and Lodging Group at UBS; Peter Finley, managing […]
Standard Life Investments has tapped managing director David Currie to replace Jonny Maxwell as head of private equity.