Belgian visual technology company Barco said on Wednesday it had acquired a majority stake in a Norwegian projection technology firm to help it push deeper into the mid-sized segment of the projection market. Barco, whose main growth engine in recent years has been digital cinema projectors, said it had bought a 61 percent stake in projectiondesign from private equity firm Herkules Capital. The remaining shares are held by minority shareholders. Terms were not released.
Baird Capital Partners Asia, the China-focused investment group of Baird Private Equity, has invested an undisclosed amount in Boston Plastics, a high precision plastic injection molding and sub-assemblies company based in Singapore. Terms were not disclosed.
The GFI Energy Group of Oaktree Capital Management has acquired Shermco Industries Inc., a provider of testing, maintenance, repair, engineering, training and commissioning services for low, medium and high voltage electrical equipment. Terms of the deal were not disclosed. Oaktree is a Los Angeles-based firm.
Australian surfwear company Billabong International received a $556 million bid, the latest takeover play in a tumultuous year in which three previous offers withered, but its shares fell sharply on Wednesday as it cut its earnings forecast, Reuters reported. A consortium led by director Paul Naude and New York-based Sycamore Partners offered A$1.10 per share, a 12 percent premium to the stock's last trade before a trading halt on Monday.
Industrial Opportunity Partners, the Illinois-based PE firm, sold portfolio company Center Manufacturing to Mayville Engineering Company. It is the fourth exit from IPO’s initial $185 million fund. Center is based in Byron Center, Michigan. Specifics were not publicized.
Private equity firm Carlyle Group LP completed on Wednesday the sale of Metaldyne LLC for about $820 million to another buyout firm, its second divestment of a U.S. auto part supplier it picked up from bankruptcy in as many years.
Pala Investments, a Swiss private equity firm focused on investments in the global mining sector, has extended an offer to Melior Resources Inc to acquire all outstanding common shares of the publicly-listed company. Pala has also increased its existing stake in the Toronto-based Melior to approximately 54.5 percent.  Pala has made numerous investments in Canadian mining businesses in recent years.
Total Fleet Solutions, a Holland, Oh.-based fleet management services company, has merged with San Antonio, Tex.-based The Miner Corporation, which sells facilities services (from loading docks to storefront glass to commercial doors) to a wide range of industries. Terms of the deal were not disclosed, but Total Fleet Solutions is backed by the private equity firm CI Capital Partners.
Italian state-controlled fund Fondo Strategico Italiano has made a binding offer for a minority stake in Finmeccanica's power engineering unit AnsaldoEnergia, sources close to the matter said on Tuesday. AnsaldoEnergia, of which the Italian aerospace and defense group owns 55%, has attracted interest from German industrial giant Siemens as well as from Korean group Doosan and a group of Italian investors headed by FSI.
Middle market private equity investor GI Partners has acquired Liberty Park at Tysons, a 225,038 square-foot data center and office property located in Vienna, Vir. The acquisition was made through TechCore, a real estate fund managed by GI Partners on behalf of the California Public Employees' Retirement System.
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