Risk Capital Partners has backed management to acquire Neilson Active Holidays from the Thomas Cook Group for an undisclosed sum. The transaction is expected to complete in early December.
Global Leveraged Capital portfolio company TX Communications has acquired the assets of Trillion Partners. With operations in 21 states, TX Communications (doing business as Affiniti) operates broadband networks, and provides managed services to customers in the education, healthcare, government, and wholesale markets. GLC, a private merchant banking firm, had been a lender to Trillion since 2008, and had supported Trillion through its operational and financial restructuring.
Lagoon Capital Partners Limited, a private equity and advisory firm based in the Dubai International Financial Center and HarbourVest have entered into an agreement for secondary private equity whereby they will jointly source, evaluate and invest in private equity assets held by investors from the MENA region. The opportunities may include the acquisition of LP commitments in private equity funds, the purchase of portfolios of direct private equity investments, spin outs from existing private equity platforms and facilitating the restructuring of underperforming private equity funds.
Fireman Capital Partners has acquired a majority stake in Skip Hop. Financial terms weren't announced. Skip Hop founders Michael and Ellen Diamant will retain a meaningful ownership stake, and will continue to lead the company. New York-based Skip Hop is a lifestyle brand that serves the infant and toddler industry with both soft and hard line products. ROTH Capital Partners provided financial advice to Skip Hop.
TransUnion has received court approval to buy TLO for $154 million. The sale was announced in October. Boca Raton, Fla.-based TLO, a data company, filed for Chapter 11 bankruptcy protection in May.
Aurora Capital Group has completed its buy of National Technical Systems. The deal, announced in August, was valued at roughly $267 million. Calabasas, Calif.-based NTS provides engineering services to the aerospace, defense, telecommunications, automotive and high technology markets.
All About Bitcoin. Micky Malka, founder and general partner of Ribbit Capital, Barry Silbert, founder and CEO of SecondMarket, and Adam Draper, founder of Boost, give an introduction to bitcoin investing at Thomson Reuters' Venture Alpha West 2013 conference in Half Moon Bay, Calif., on Oct. 9, 2013. The panel is moderated by Lawrence Aragon, digital editor of the Reuters Deals Group.
Northern Europe private equity firm EQT has inked an agreement to acquire Aker Solutions ASA’s well intervention services business for a value of NOK 4 billion. Aker Solutions ASA’s well intervention services business is a provider of oilfield products, systems and services for customers in the oil and gas industry worldwide.
3i Group has agreed to invest approximately 110 million euros in Basic-Fit. Rene Moos, Basic-Fit's co-founder and CEO, will remain a shareholder in the company. In conjunction with the funding, 3i's Pieter de Jong, Robert Van Goethem and Boris Kawohl, will join Basic-Fit's board. Headquartered in Hoofddorp, The Netherlands, Basic-Fit is an operator of 200 discount gyms across the Netherlands, Belgium, Spain and France.
Carlyle Group LP and a consortium of Danaher Corp and Blackstone Group LP have advanced to the final stage of negotiations for Johnson & Johnson's diagnostics unit, sources told Reuters.