B&G Foods has agreed to acquire Specialty Brands of America from American Capital for $155 million in cash. Evercore Group advised American Capital on the deal. Based in Parsippany, NJ, B&G Foods is a seller and distributor of food and household products.
Health Digital Systems SAPI de CV has closed $25 million in funding from Northgate Capital. Match Point Partners helped secure the investment. Based in Mexico, with facilities in Latin America, HDS is a healthcare IT firm.
Guitar Center, a retailer of musical instruments and recording equipment, has completed a transaction that has reduced its total debt by about $500 million and annual cash interest expense by more than $70 million. As part of the deal, Ares Management has exchanged a portion of its holdings of the company's debt into preferred stock and taken a controlling interest in Guitar Center. Bain Capital, which acquired Guitar Center in 2007 in a deal valued at $2.1 billion, will retain partial ownership along with board representation.
Peak Rock Capital has acquired Cedar Rapids, Iowa-based Hunter's Specialties, Inc., which manufactures hunting accessories. Financial terms of the transaction were not disclosed.
CTE Industries Ltd, an Edmonton, Alberta-based manufacturer and supplier of oilfield cementation equipment, has been bought by Antelope Oil Tool & Manufacturing Co LLC. The financial details of the transaction were not published. With headquarters in Mineral Wells, Texas, Antelope is a manufacturer of oilfield casing and cementing products. The company said the acquisition of CTE will extend its geographic presence into Canada and expand its customer base. Antelope is a portfolio investment of energy-focused U.S. private equity firm Intervale Capital. Intervale acquired the business in June 2013.
Canada Fluorspar Inc (TSX Venture: CFI) (OTC: CNDFF) has agreed to be bought by U.S. private equity firm Golden Gate Capital at a price of $0.35 per share, payable in cash. One source has valued the deal at $38.8 million. Canada Fluorspar also said that Golden Gate will provide it with $2 million in convertible financing in advance for on-going operations. The company's board of directors have recommended the acquisition to shareholders, who will consider it at a special meeting in May. Based in St. John's, Newfoundland, Canada Fluorspar develops industrial mineral projects with a current focus on a large fluorspar project in the Atlantic region.
UK bathroom retailer Victoria Plumb has received a "significant" investment from TPG Capital. No financial terms were disclosed. According to the firm, the capital infusion will be used to accelerate its growth. KPMG advised the Walker family, the founders of Victoria Plumb, on the transaction.
Buyout firm Freeman Spogli & Co and Bahrain-based investment company Investcorp have agreed to acquire Totes Isotoner Corp, the world's largest marketer of umbrellas, gloves and rainwear, sources told Reuters.
Blackstone Group and Carlyle Group are considering a bid for Singapore's Goodpack Ltd, sources told Reuters, eyeing the container maker a few weeks after its takeover talks with Australian pallet maker Brambles ended.
Medical Marketing Economics has received an undisclosed investment from angelMD, a healthcare-focused private equity firm led by physicians. Based in Oxford, Mississippi, MME is a provider of strategies and market research for health care goods and services.