The Carlyle Group has agreed to buy OpenLink Financial from TA Associates. No financial terms were disclosed for the deal, which is expected to close later this quarter. Bank of America Securities and Credit Suisse Securities are providing leveraged financing. OpenLink is a Long Island-based provider of software for the the commodity, energy and financial services industries.
Milestone Partners has completed a refinancing of portfolio company Good Health Natural Products, a Greensboro, N.C.-based maker of branded reduced-fat salty snack foods. No financial terms were disclosed for the deal, which included participation by Salem Halifax Capital Partners and the Morgan Keegan Strategic Fund.
Lantiq, a portfolio company of Golden Gate Capital, has acquired the wireline business of Infineon Technologies AG (Frankfurt: IFX), for approximately €243 million.
Advent International has made a public tender offer to acquire Polish educational publisher Wydawnictwa Szkolne i Pedagogiczne SA (WSiP). The offer is valued just north of $142 million.
China Investment Corp. has agreed to buy $1.58 billion of new equity in U.S. power generation and distribution company The AES Corp. (NYSE: AES), in exchange for around a 15% ownership position.
Graceway Pharmaceuticals LLC, a portfolio company of GTCR Golder Rauner, has acquired the global license to an anti-proliferative agent from Gilead Sciences. The investigational molecule is designed to inhibit cellular DNA synthesis, leading to the induction of apoptosis. No financial terms were disclosed.
The Quercus Trust has completed its acquisition of Applied Solar Inc., a maker of building-integrated photovoltaics that filed for bankruptcy earlier this year.
Lime Rock Partners has invested $25 million in Expert Petroleum SA, a Romanian rehabilitator of mature oil and gas fields.
AMSTERDAM/LONDON6 (Reuters) – French utility EDF (EDF.PA) has set an indicative timetable in its sale of Britain’s biggest electricity distribution network as industry and financial parties begin to form consortia, sources said. EDF has sent a teaser out to potential bidders for its three distributor network operators (DNOs) whose regulated asset value (RAV) now stands […]
HONG KONG (Reuters) – French insurer AXA’s (AXAF.PA) 15.6 percent stake in China’s No.4 life insurer, Taikang, attracted foreign and domestic bidders including Temasek and Blackstone (BX.N), valuing the holding at more than $1 billion, sources told Reuters on Monday. Other bidders included Bain Capital, KKR and two Chinese private equity firms, Hopu Investments and […]