The sale of German insulation firm Armacell by its Bahrain-based private equity owner Investcorp has attracted six bidders as interest grows in companies making energy-efficient products, writes Reuters. Private equity investors Charterhouse, Pamplona, Equistone, HgCapital, Goldman Sachs Private Equity as well as a US-based producer of building materials have placed tentative bids, writes Reuters.
Investor HgCapital has sold British pharmaceutical company Mercury Pharma to private equity firm Cinven for $732 million, writes Reuters. HgCapital bought the 25-year-old pharmaceutical firm, which sells niche prescription off-patent products in the UK, Ireland and the Netherlands, in 2009.
H.I.G. Capital has sold car parts maker Anvis to Japan-based Tokai Rubber for 132 million euros ($177.91 million), writes Reuters. Financial terms of the deal were undiscosed.
Johnson and Johnson is looking to sell most of its US feminine hygiene business, as it seeks to exit low-growth areas, but wants to keep its K-Y brand, writes Reuters. The diversified healthcare giant wants to unload its Stayfree and Carefree pads and o.b. tampons, according to Reuters.
Endo Health Solutions has held talks in recent weeks with drugmakers potentially interested in buying the maker of pain relief medication, writes Reuters. The exploratory talks included parties such as Warner Chilcott and Valeant Pharmaceuticals International.
Parthenon Capital Partners has made an investment in Envysion. Financial terms weren't announced. Louisville, Colo.-based Envysion provides managed video surveillance as a service for QSR, retail, wireless, convenience store and cinema customers.
Thompson Street Capital Partners has acquired FocusVision Worldwide. Financial terms were not announced. Stamford, Conn.-based FocusVision provides video transmission, analysis and archive solutions.
Middle market buyout shop Ridgemont Equity Partners has partnered with Unitex Oil and Gas, and closed the acquisition of oil assets in Scurry County, Texas. Unitex was formed to acquire and develop producing properties in the Permian Basin. The financial terms of the Scurry County transaction were not disclosed.
JLL Partners has acquired BioClinica, a provider of clinical trial management, and CoreLab Partners Inc., a provider of medical imaging and cardiac safety services. The firm will pay $7.25 a share for BioClinica, which results in an equity value of approximately $123 million. Specific terms of the CoreLab deal were not released.
Kinder Morgan Energy Partners LP will buy natural gas pipeline operator Copano Energy LLC for $3.22 billion to tap into growing demand for infrastructure to transport vast supplies from the shale fields of Texas and Oklahoma. Private equity firm TPG Capital, Copano's top shareholder with a stake of more than 14 percent, will get a 41 percent premium to its $300 million investment made in 2010, if the deal goes through, Reuters reported.