Private equity funds quadrupled their investment in India's primary healthcare, betting the sick and ailing will stop seeing family doctors in often cramped and dingy quarters and check into modern chains sprouting up across Asia's No.3 economy, Reuters wrote. Goldman Sachs Group Inc, Warburg Pincus, Sequoia Capital and the Government of Singapore Investment Corp. are among investors that pumped $520 million into India's basic healthcare industry this year, compared with $137 million in 2011, according to Thomson Reuters data. Some analysts predict investment will surpass $1 billion in 2013.
Corinthian Capital Group has acquired Sierra Engineering, which provides engineering and consulting services to the oil and gas industry. The company is based in Midland, Texas.
Crestview Partners has acquired NEP Broadcasting from American Securities. Terms of the deal were not released. NEP is a provider of outsourced teleproduction services for live sports and entertainment events. American Securities acquired the company in February 2007.
Chemicals company Clariant AG has agreed to sell three units to U.S. private equity firm SK Capital for 502 million Swiss francs ($550 million) in a boost to plans to move away from low-margin cyclical businesses. Clariant had put its textile chemicals, paper speciality chemicals and emulsions units up for sale earlier this year to reduce its exposure to areas of the market vulnerable to swings in the global economy.
Publicly traded Ventas Inc. has acquired Atria Senior Living Inc., partnering with the company’s management team on the deal, the company announced. Ventas said it acquired 100% of various private investment funds previously managed by Lazard Frères Real Estate Investors LLC. The total purchase price for these interests was approximately $242 million. Atria’s executives and employees now own 66 percent of Atria, the company said in a press release.
Private equity firms Carlyle Group LP and KKR & Co LP have emerged as the lead contenders to take over Reynolds and Reynolds, a software company hoping to sell itself for $5 billion, Reuters reported. Dayton, Ohio-based Reynolds, which provides business management software for auto dealers in North America and Europe, had hired technology-focused investment bank Qatalyst Partners to run a sale, people familiar with the matter told Reuters in October.
Japan's Mitsubishi Chemical Holdings Corp said it will acquire drug capsule maker Qualicaps Co Ltd from U.S.-based Carlyle Group LP for 55.8 billion yen ($660 million) to beef up its pharmaceutical operations, Reuters reported.
H.I.G. Capital has sold Safe-Guard Products International to an affiliate of Goldman Sachs. Atlanta-based Safe-Guard is a provider of finance and insurance products to the automotive industry. Terms were not released.
Propel Equity Partners has acquired game maker Fundex Games Ltd. Terms of the deal were not released. Fundex Games’ assets will be incorporated under the Ideal and POOF-Slinky brands. POOF-Slinky Inc. was acquired by Propel Equity Partners in July of 2012.
Brookfield Asset Management has acquired a majority ownership position in Verde Realty. Brookfield will take roughly 81% of the company, which owns more than 100 industrial distribution facilities along the U.S. and Mexican border. Terms of the deal were not released.