Deals

Alteris Renewables, an integrator of renewable energy systems in the Northeastern United States, has acquired ISI Solar, a designer and installer of solar electric systems in New York and New Jersey. No financial terms were disclosed. Alteris is a portfolio company of Riverside Partners.

American Express Co. reportedly has teamed up with Permira to bid on Royal Bank of Scotland’s payment processing unit. In related news, Atos Origin has joined a rival consortium that already included CVC Capital Partners and Welsh Carson Anderson & Stowe.

Apax Partners has agreed to acquire a 54.25 percent interest in TIVIT, a provider of IT and BPO services in Latin America, at an enterprise value of approximately $1 billion. Sellers include Votorantim Novos Negócios and Pátria Investimentos.

Apollo Management is in talks to buy packaging company Pactiv Corp. (NYSE: PTV), according to the Wall Street Journal. No financial terms were reported, except that the deal would be a leveraged buyout. Pactiv has a market cap of roughly $3.19 billion, and about $1.5 billion in existing debt.

Apollo Management and Centerbridge Capital Partners have made competing bids for CW Financial Services, manager of delinquent U.S. commercial real estate loans, according to Bloomberg. The deal could be worth more than $200 million.

Arborview Capital, SAIL Venture Partners and Huntington Capital have recapitalized Paragon Airheater Technologies Inc., a Corona, Calif.-based provider of products and services that reduce fuel consumption and carbon emissions in fossil fuel-fired power generation plants. No financial terms were disclosed.

Aurora Capital Group has agreed to acquire the assets of Parking Company America Airports, a bankrupt operator of 27 off-airport parking facilities. No financial terms were disclosed.

Austin Ventures has acquired creative agency Exopolis for an undisclosed amount.

Bain Capital reportedly has short-listed three buyout firms—Unitas Capital, Permira and Barings Private Equity—to buy the Asian assets of Outback Steakhouse. A deal is expected to be valued at around $300 million, and would include restaurant chains in South Korea, Japan and Hong Kong (plus business rights in China).

Cash Cycle Solutions Inc., a Charlotte, N.C.-based provider of outsourced transaction processing services, has acquired San Diego-based Sea-Net Holding Inc. The deal was partially financed by $15 million in debt from BIA Digital Partners and RBC Bank.

Contrax Furnishings, a Gainesville, Fla.-based provider of furnishings and equipment to educational institutions, has raised an undisclosed amount of private equity funding from Hudson Ferry Capital. McGladrey Capital Markets advised Contrax on the deal.

Crestview Partners has invested $125 million into oil services company SES Holdings LLC, which operates both Select Energy Services LLC and Bell Supply Company. The deal gives Crestview a 45 percent equity stake, plus the option to invest an additional $50 million at the same valuation and terms.

CVC Asia Pacific reportedly has agreed to buy the Asia assets of fastening systems maker Acument Global Technologies from Platinum Equity, in a deal valued at more than $300 million. BoA Merrill Lynch and J.P. Morgan are providing the debt financing. Other bidders for the assets had included KKR and Unitas Capital.

Fidelity National Information Services (NYSE: FIS) confirmed that buyout talks have failed, and that the company now will pursue a leveraged recap with a substantial share buyback. Reports suggest that the deal mostly crumbled over price, which was rumored to have approached $15 billion. The PE consortium included Blackstone Group, THL Partners and TPG.

Francisco Partners has agreed to acquire EF Johnson Technologies Inc. (Nasdaq: EFJI), an Irving, Texas-based provider of secure communications solutions to organizations that protect and save lives. The deal is valued at around $27.8 million, or $1.05 per share.

Godrej Consumer Products, a listed Indian company, is in talks to raise $125 million from private equity firms.

Golden Gate Capital has agreed to acquire up to a 25 percent equity stake in jeweler Zale Corp. (NYSE: ZLC) through the purchase of common stock warrants. Golden Gate also is providing Zale with a new $150 million, five-year senior secured term loan.

Goldman Sachs is nearing a deal to provide $2.2 billion in leveraged financing to one of the groups bidding for hotel chain Extended Stay, according to the Wall Street Journal. The equity consortium is being led by Starwood Capital Group, which is competing against a group led by Centerbridge Partners and Paulson & Company.

Goldman Sachs reportedly is nearing a deal to buy AXA’s 15.6 percent stake in Chinese life insurer Taiking Life, which is currently valued just north of $1 billion.

Healthscope (AX: HSP), an Australian hospital operator, said that it has received an A$1.74 billion buyout offer from undisclosed buyout firms. Reuters reports that the firms were The Carlyle Group and TPG.

Hellman & Friedman is in talks to acquire a minority stake in Italian asset manager Banca Fideuram from Intesa Sanpaolo SpA (Milan: ISP). The position could be for between 5 percent and 15 percent, with Banca Fideuram believed to be worth around €3 billion.

HgCapital has agreed to acquire Frösunda LSS AB, a Swedish provider of specialist disability care, from Dutch private equity firm Polaris. No financial terms were disclosed.

HgCapital has acquired the talent management software unit of StepStone ASA (LSE: STPS), for €110 million.

H.I.G. Capital has acquired the assets of Excel Homes LLC, a Camp Hill, Pa.-based custom modular home manufacturer. No financial terms were disclosed.

Imperial Capital Group has acquired Petra Pet Inc., owner of the Beefeaters brand of pet treats. No pricing terms were disclosed. BMO Bank of Montreal provided debt financial.

Insight Equity has acquired a control stake in American Civil Constructors Holdings Inc., a provider of civil and landscape construction services in the Denver and San Francisco areas. No financial terms were disclosed.

International Absorbents Inc. (NYSE IAX) shareholders have approved a $4.75 per share buyout by private equity firm Kinderhook Industries. International Absorbents makes consumer and commercial products derived from recycled, renewable materials.

KKR has agreed to invest around $164 million into an unlisted subsidiary of India’s Dalmia Cement (Bharat) Ltd. The capital will be used to form India’s largest private cement company.

Lee Equity Partners has completed its acquisition of pizza chain Papa Murphy’s International from Charlesbank Capital Partners. The deal reportedly is worth around $180 million, which represents a 10x EBITDA multiple.

Levine Leichtman Capital Partners has agreed to acquire the franchise business of NexCen Brands Inc. (OTC BB: NEXC) for $112.5 million. The deal includes all of NexCen’s interests in Great American Cookies, MaggieMoo’s, Marble Slab Creamery, Pretzelmaker, Pretzel Time, The Athlete’s Foot and Shoebox New York.

Mid Europa Partners has agreed to invest €60 million for an equity stake in Energy 21, a Czech developer and operator of solar power parks in Central and Eastern Europe.

Mill Road Capital has agreed to buy Mexican restaurant chain Rubio’s Restaurants Inc. (Nasdaq: RUBO) for around $91 million. The $8.70 per share offer represents around a 14 percent premium to the company’s closing price the day before the deal was announced. Sellers would include Rosewood Capital. Last October, Rubio’s rejected an $80 million buyout offer from Levine Leichtman Capital Partners.

National Dentex Corp. (Nasdaq: NADX), an owner and operator of dental laboratories in North America, announced that its go-shop period had ended without a rival offer to an existing $17 per share bid from GeoDigm Corp., a portfolio company of Welsh, Carson, Anderson & Stowe.

NEP Broadcasting, a portfolio company of American Securities, has acquired Premiere Entertainment, a producer of live and taped broadcasts for the web. No financial terms were disclosed.

Providence Equity Partners has agreed to acquire a 25 percent equity stake in online automotive shopping site AutoTrader.com, a subsidiary of Cox Enterprises Inc. No financial terms were disclosed. Cox was advised on the sale by Goldman Sachs.

Providence Equity Partners has agreed to buy Virtual Radiologic Corp. (Nasdaq: VRAD), an Eden Prairie, Minn.-based national radiology practice and developer of radiologist workflow technology. The deal is valued at $294 million, or $17.25 per share. Goldman Sachs advised VRC on the deal. Generation Partners is VRC’s largest shareholder, and first institutional investor.

Psychiatric Solutions Inc. (Nasdaq: PSYS), an operator of mental health facilities, reportedly is nearing a deal to be acquired by Universal Health Services Inc. (NYSE: UHS) for between $33 and $34 per share. Psychiatric Solutions previously had been in discussions with Bain Capital.

RedPrairie Holding Inc., a Waukesha, Wis.-based provider of inventory, warehouse, transportation and workforce management systems has acquired SmartTurn Inc., an Oakland, Calif.-based provider of on-demand inventory and WMS. No financial terms were disclosed. RedPrairie recently was acquired by New Mountain Capital, while SmartTurn has raised around $5 million from Emergence Capital Partners and New Enterprise Associates.

Riverstone Holdings has agreed to invest more than $800 million into Pattern Energy Group, a developer of wind and renewable energy projects.

Silver Lake Sumeru has invested an undisclosed amount in flash memory company Spansion Inc., which earlier this month emerged from Chapter 11 bankruptcy.

Summit Partners has agreed to acquire a majority stake in European online payment processing company Ogone SA/NV. No financial terms were disclosed.

Sony Music is considering an investment in British rival EMI Group, which is owned by Terra Firma Capital Partners.

Spire Capital Partners has acquired Rainbow Early Education, a provider of early education services for children in the Eastern, Midwestern and Southern United States. The deal was done in partnership with company management. No financial terms were disclosed.

Summit Partners has made a minority equity investment in OB Hospitalist Group Inc., a provider of Ob/Gyn hospitalist services to hospitals across the United States. No financial terms were disclosed.

Sun European Partners has agreed to buy Hewden Stewart, the U.K. equipment rental business of Finning International (TSX: FTT) for around $166 million.

Terra Firma Capital Partners raised £105 million pounds to stave off default on portfolio company EMI Group, according to The Wall Street Journal.

Terra Firma and Pacific Equity Partners reportedly are bidding to acquire the landfill-gas unit of Britain’s Biffa from Montagu Private Equity and Global Infrastructure Partners. 3i Infrastructure and CVC Capital Partners had considered bidding, but have dropped out of the process.

THL Partners has agreed to buy pharma services provider InVentiv Health Inc. (Nasdaq: VTIV), for around $1.1 billion. InVentiv stockholders would receive $26 per share, or a 7 percent premium to the closing price the day before the deal was announced. The company’s stock already had risen 42 percent since March 26, when it confirmed investor approaches.

TPG Telecom (AX: TPM) is in talks to acquire AAPT, the Australian subsidiary of New Zealand’s Telecom Corp. (NZ: TEL) for approximately $400 million. Other bidders include Quadrangle Group and the Australian unit of Singapore Telecommunications.

Transurban Group (AX: TCL), an Australian toll road operator, has rejected an A$7.2 billion buyout offer from the Ontario Teachers’ Pension Plan and the Canadian Pension Plan Investment Board.

Travelport, a provider of global distribution system, has acquired Sprice.com, a Singapore-based hotel and travel search engine. No financial terms were disclosed. Travelport is a portfolio company of The Blackstone Group, while Sprice.com had raised VC funding from Sofinnova Partners and Walden International.

Tregaron Capital has acquired the assets of Economic Modeling Specialists Inc., a Moscow, Idaho-based provider of employment data and economic analysis. No financial terms were disclosed.

Virgin Money is no longer in the running to buy 318 bank branches being sold by Royal Bank of Scotland, after being informed that it hadn’t made the cut. This follows the recent exclusion of a joint bid between The Blackstone Group and The Wellcome Trust. Remaining bidders are Santander Bank, BBVA and National Australia Bank.

Vision Solutions Inc., a portfolio company of private equity firm Thoma Bravo, has agreed to buy recovery software provider Double-Take Software Inc. The deal is valued at $242 million in cash, or $10.55 per share.

Waud Capital Partners has sold Hospitalists Management Group to AEA Investors for an undisclosed amount. Waud acquired a majority stake in the company in 2006.