Mobile telecoms equipment maker Nokia Siemens Networks said on Monday it is to sell its optical fibre networks unit to Marlin Equity Partners, Reuters reported. NSN didn't give any financial details for the sale but said it would be completed in the first quarter of next year. As a result of the deal as many as 1,900 employees, mainly in Germany and Portugal, will be transferred to the new company, NSN said in a statement.
Wellspring Capital Management has announced a distribution to its limited partners of approximately 850,000 remaining shares of its investment in portfolio company Susser Holdings Corporation. Wellspring acquired Susser in December 2005 and took the Company public in October 2006. Corpus Christi, Texas-based Susser Holdings Corporation is a third-generation family-led convenience store business.
Leonard Green & Partners is to acquire a controlling interest in CCC Information Services from Investcorp. CCC is a provider of advanced software and workflow tools to the insurance automotive claims and collision repair industries. Committed debt financing has been provided by certain affiliates of Goldman Sachs, including its principal mezzanine funds and J.P. Morgan.
Fast Retailing is to acquire a majority stake in J Brand Holdings from Star Avenue Capital and J Brand management. J Brand is a fashion brand based in Los Angeles, California.
Avista Capital Partners has completed the sale of Anthony International to Dover Corporation for $602.5 million. Anthony is a global manufacturer of glass doors and related products serving the global commercial refrigeration market.
Equistone Partners Europe has sold ATPI to its management, backed by Intermediate Capital Group for an undisclosed amount. ATPI is a global travel management service provider with operations in business travel, corporate event management and online travel technology.
UK mid market buyout house Dunedin has backed the management buyout of Premier Hytemp, a manufacturer of engineered alloy components for the offshore and onshore oil and gas industry. The business was acquired from Murray International Holdings, in a 34.5 million pounds ($55.3 million) transaction.
Blackstone Group LP has emerged as the frontrunner in an auction for Allscripts Healthcare Solutions Inc, but the companies remain far apart on price and a deal is highly uncertain, people familiar with the matter said.
In a surprise, the U.S. M&A market seems quite steady. There were 101 U.S. announced deals this week (Nov. 25 to Nov. 30), valued at $32.9 billion, according to data from Thomson Reuters. This compares to last year, when there were 82 U.S. announced mergers from Nov. 20 to Nov. 26 (the last full week of November), totaling about $24.5 billion.
ClearLight Partners has raised $300 million with its third fund, according to founder and managing partner Michael Kaye and an SEC filing. Unlike other private equity firms that sometime spend more than a year finding investors, ClearLight didn't have as rigorous of a fundraising. The Newport Beach, Calif.-based PE firm has only one LP, Secom Co., of Tokyo.