Iris Dorbian

Arbor Investments, a Chicago-based private equity firm that focuses on the food and beverage industry, said on Tuesday that it has acquired The New French Bakery. No financial terms were disclosed. Headquartered in Minneapolis, The New French Bakery is a producer and distributor of fresh artisan breads.

Partners Group said on Tuesday that it acquired a majority stake in CSS Corp in a $270 million transaction. CSS Corp is a provider of global information and technology services.

Caspian Private Equity said on Tuesday that it has made a few personnel changes. Sheryl Schwartz joined the company as managing director of investments. Also, David Marcus, who has served as vice president, has been promoted to director. Based in New York City, Caspian is an affiliate of Natixis Global Asset Management L.P.

Oxford Resource Partners said on Tuesday that it has closed $175 million in new credit facilities. Cerberus Capital Management provided a first lien $75 million term loan and $25 million revolving credit facility while Tennenbaum Capital Partners arranged a second lien $75 million term loan. Evercore Partners served as financial advisor. Headquartered in Columbus, Ohio, Oxford Resource Partners is a producer of steam coal in Northern Appalachia and the Illinois Basin.

French industrial company Lafarge said on Monday that it has sold its North American gypsum assets to Lone Star Funds for $700 million in cash. Lafarge's North America's gypsum division produces gypsum wallboards and joint compounds in the U.S. and Canada. According to Lafarge, this transaction is expected to close "very soon."

Avista Capital Partners said on Monday that it has completed its tender offer for all outstanding shares of common stock of Telular Corp. for $12.61 per share.  No further financial terms were disclosed. The acquisition is expected to close later today. Headquartered in Chicago, Telular is a provider of remote monitoring and asset tracking solutions.

Tenet Healthcare Corp. said on Monday that it has signed an agreement to buy Nashville-based Vanguard Health Systems for $21 per share in an all cash transaction. The acquisition is valued at $4.3 billion, which includes $2.5 billion in Vanguard debt. For the transaction, Lazard served as lead financial and strategic advisor to Tenet. Also, Charlie Martin, Vanguard’s founder, chairman and CEO, will join Tenet’s board. The Blackstone Group, currently holds a minority stake in Vanguard, a provider of health care solutions.

Actis, a private equity firm that focuses on Africa, Asia and Latin America, said on Monday that it has invested $102 million in Edita Food Industries. Based in North Africa, Edita is a provider of snack foods in Egypt.

Clarabridge said on Monday that it has named Karl Knoll as general counsel. Prior to joining Clarabridge, Knoll was the head of the emerging companies/venture capital practice at Womble Carlyle Sandridge & Rice. Clarabridge is a provider of customer experience management solutions.

UK-based IT company Adapt, which is backed by Lyceum Capital, said on Monday that it has acquired Sleek. No financial terms were disclosed. Based in Leeds, England, Sleek is a provider of cloud solutions.