Panda Power Funds, a Dallas-based private equity firm, said Friday that it has acquired and financed Moxie Energy's planned power plant located in Lycoming County, Pennsylvania. The plant expects to be operational by the middle of 2016. Goldman Sachs, Credit Suisse, Ares Capital, Union Bank and Investec arranged the senior debt financing of the plant.
Dubai-based private equity investor Abraaj Capital acquired 80 percent stake in Turkish dairy products maker Yorsan, Turkey's Competition Board said on Friday.
Alcatel-Lucent said Friday that it has agreed to sell LGS Innovations to Madison Dearborn Partners and CoVant for $200 million in cash. The transaction is expected to close in the first quarter of 2014. Headquartered in Herndon, Virginia, LGS Innovations develops and deploys networking solutions for U.S. federal government operations around the world.
Summit Investments said Friday that it has inked an agreement with Blackhawk to acquire its stake in Ohio Gathering. No financial terms were disclosed. Barclays Capital advised Summit on the deal. Ohio Gathering owns and operates "significant" midstream infrastructure in southeastern Ohio. The transaction is expected to close by January 31, 2014.
The Riverside Company has acquired Mercareon, which provides a software-as-service product that allows carriers to book time slots at the retailers' warehouses to deliver goods. The firm will add Mercareon to its Transporeon platform. Both companies are based in Ulm, Germany and specialize in web-based centralized transport-management software.
Spire Capital has made the first investment from its third fund, partnering with the management of Surgent Tax & Accounting Education, which provides continuing professional education services to organizations and professionals in accounting, auditing and taxation industries. It's not clear if Spire has closed fundraising on Fund III, but the firm had raised $100 million on a target of $375 million as of May.
Topspin Partners LBO has sold Hart Systems, which provides cloud-based physical inventory management solutions, for about $94 million in cash to Zebra Technologies. The deal expands Zebra's portfolio of products, solutions and services.
Vista Equity Partners-backed Omnitracs, which provides fleet management software applications, information services and hardware platforms, has acquired Roadnet Technologies. Roadnet, a provider of fleet management and logistics software applications, will operate independently as a separate division within Omnitracs.
Quadria Capital has acquired a majority stake in Medica Synergie Private Limited, a hospital chain in Eastern India. Quadria bought the stake in partnership with European development finance institution DEG and Swedfund, a Swedish development finance institution. The investment will be used to facilitate the growth of Medica's hospital network to more than 1,300 beds and provide greater access to high quality medical care in the region.
Charlesbank Capital Partners has sold Tecomet, a manufacturer of components used for medical devices, aerospace and defense markets, to Genstar Capital. The deal closed on Dec. 19. Harris Williams & Co. worked as lead advisor to Charlesbank.