Some big transactions helped boost deal values in February. There were 472 U.S. announced mergers last month valued at roughly $127.9 billion, according to data from Thomson Reuters.
San Francisco-based private equity firm Genstar Capital will acquire Michigan-based Acrisure, a retail insurance brokerage. Specifics on the deal were not publicized. AcquiGrowth Capital advised Genstar and Dowling Hales advised Acrisure.
Bertelsmann, Europe's largest media company, is buying private equity firm KKR's stake in their joint venture music rights management company BMG.
Trive Capital, the Dallas-based private equity firm, is acquiring Michigan-based automotive industry part maker Huron Inc. The deal marks the third buy for Trive in eight months since it was launched. Donnelly Penman & Partners advised the company and Patton Boggs was legal counsel to Trive.
A consortium led by Carlyle Group and company management has reached a deal to take Chinese economy hotel chain 7 Days Group Holdings Ltd private, after raising its bid by 9 percent to $688 million.
Abraaj Capital, the Middle East's largest private equity firm, plans to sell its 50 percent stake in Turkish health insurer Acibadem Sigorta, three sources familiar with the matter said on Thursday.
The costs of new rules for investors which buy and sell companies could drive smaller players out of business or force them into tie-ups with peers, private equity managers said.
SRS Distribution, a Texas-based distributor of roofing supplies, has been sold to Berkshire Partners, the Boston private equity firm. Specifics on the deal were not publicized. SRS was previously a portfolio company of AEA Investors.
Bushnell, an outdoor products manufacturer, is up for a sale in a deal that could be worth $1 billion, three sources familiar with the matter said on Thursday. Bushnell's owner, private equity firm MidOcean Partners, is finalizing advisors for the process, said all the sources who declined to be identified because the talks are private.
SunTrust Banks Inc has found at least three private equity firms interested in buying its Ridgeworth Investments asset management unit, sources said, in the Atlanta-based bank's third attempt to sell the firm in as many years.