Marlin Equity Partners said Monday it completed its buy of the Optical Networks business of Nokia Siemens Networks to form Coriant. Munich, Germany-based Coriant is a supplier of optical transport solutions. The transaction was announced in December.
Earthbound Farm Organic, the largest grower of organic produce in the United States, is exploring a sale of the company, Reuters is reporting. Earthbound Farm, which is backed by Kainos Capital, has hired Barclays to sell the company, Reuters says.
BMC Software said Monday it agreed to be acquired by a private investor group led by Bain Capital and Golden Gate Capital for about $6.9 billion. The group also includes GIC Special Investments Pte Ltd and Insight Venture Partners. Terms of the deal call for the investor group to pay $46.25 a share for all outstanding BMC common stock. Morgan Stanley & Co. and BofA Merrill Lynch are advising BMC. Qatalyst Partners, Credit Suisse, RBC Capital Markets and Barclays are serving as financial advisors to the Investor Group.
API Heat Transfer, a portfolio company of Wellspring Capital Management, has completed a recapitalization. The deal includes a new $300 million first-lien credit facility. The loan will enable API to pay a dividend to its investors, Wellspring says. Buffalo, N.Y.-based API is a supplier for the design and manufacture of industrial heat exchangers.
The Jordan Co. said Monday it has agreed to sell Reinhold Holdings to HEICO Corp.. Financial terms weren't announced. Reinhold makes advanced custom composite components and complex composite assemblies for commercial aviation, defense and space applications. Lazard advised Reinhold.
H.I.G. Capital said Monday it has completed its buy of Caraustar Industries. Financial terms weren't announced. Wayzata Investment Partners, the seller, had owned a majority of Caraustar. Credit Suisse Securities, Goldman Sachs Bank USA, Jefferies LLC and Wells Fargo Capital Finance are providing financing. Jefferies provided financial advice to Caraustar while Credit Suisse advised H.I.G. while Ropes & Gray was their attorney. Clifton, N.J.-based Caraustar makes 100% recycled paperboard and converted paperboard products
Canadian buyout firm Onex Corp. has agreed to acquire Nielsen Expositions from parent organization Nielsen Holdings N.V. for US$950 million. The deal is expected to close in the second quarter of 2013. Nielsen Expositions, of San Juan Capistrano, California, operates more than 65 business-to-business trade shows and conference events every year. Onex Partners III, Onex's US$4.7 billion private equity fund, will invest approximately US$350 million of equity in the transaction.
Francisco Partners has made a roughly $75 million strategic investment in Corsair Components. Stifel advised Corsair. Fremont, Calif.-based Corsair supplies products purchased primarily by PC gaming enthusiasts who build their own PCs or buy pre-assembled customized systems.
Sunstone Components Group has signed a letter of intent with Pancon Corp. to sell substantially all of the company's assets. Sunstone said it has consented to involuntary Chapter 11 petitions filed against it in April. Sunstone expects to complete the sale to Pancon and emerge from Chapter 11 in about 75 day. Temecula, Calif.-based Sunstone provides precision metal stamping and insert injection moldings. Pancon is backed by Milestone Partners.
Private equity firms TPG Capital and Warburg Pincus LLC are exploring a sale or a public offering of Neiman Marcus Group Inc, according to a Bloomberg News report late on Sunday.