Checkpoint Systems Inc. has completed the previously-announced sale of its CheckView business unit to Platinum Equity, a California-based private equity firm. The sale includes all continuing business operations and assets associated with the U.S. and Canadian retail security-oriented CheckView organization. Financial terms of the deal were not released.

The New York City Retirement Systems, the $127 billion group of municipal pensions overseen by the city comptroller’s office, made an impressive $1.1 billion in commitments to five private equity funds in the first quarter, according to Stephanie Hoo, a senior press officer. According to sister magazine, Buyouts, the funds are managed by The Carlyle Group, Platinum Equity…

Publicly-traded Checkpoint Systems Inc. said it would sell its U.S. and Canadian CheckView business unit to California-based buyout shop Platinum Equity. The sale includes all continuing business operations and assets associated with the U.S. and Canadian retail security-oriented CheckView organization, the company said. The transaction is expected to close by the end of April 2013.

Platinum Equity has signed an agreement to sell Contego Healthcare Limited to FIL International Limited, a subsidiary of Filtrona for a cash consideration of approximately £160 million ($242 million). The change in ownership is expected to occur during the second quarter of 2013.

Private equity firm Platinum Equity is exploring a sale of specialty auto parts manufacturer Keystone Automotive Operations, writes Reuters. Platinum Equity acquired Keystone through an out-of-court debt restructuring in 2011.

Some hoped that December would bring a jump in M&A but so far that hasn’t turned out. The value of U.S. M&A dropped 21% this week, while PE-backed mergers plunged 69%.

BWAY Corporation has entered into a definitive agreement to acquire Ropak Packaging from the LINPAC Group in a transaction valued at approximately $265 million. Platinum Equity acquired BWAY in November 2012.

Graphic Packaging Holding Co. has agreed to buy Contego Cartons. Platinum Equity is the seller. Graphic Packaging will pay approximately £71 million (US$112.7 million) in cash and assume approximately £10 million (US$15.9 million) in other net liabilities. Contego Cartons operates three folding carton facilities that convert about 150,000 tons of paperboard annually into folding cartons for [...]

Platinum Equity has completed its $1.24 billion buy of BWAY Parent Co. The seller was Madison Dearborn Partners. Goldman, Sachs & Co., Barclays and Deutsche Bank Securities provided financial advice to BWAY. Bookrunners for debt financing were Bank of America Merrill Lynch, Deutsche Bank and Goldman Sachs. Atlanta-based BWAY makes paint and aerosol cans as well as steel open and tight-headed pails.

It only took two years for Madison Dearborn Partners to nearly double its money on BWAY Parent Co.
Platinum Equity said earlier this week that it agreed to buy BWAY, an Atlanta packaging company, for $1.24 billion. The sale is expected to close in fourth quarter.