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Great Hill Partners and Spectrum Equity said Nov. 25 that they agreed to buy the assets of IBM’s sales performance management business. Financial terms weren’t announced. Great Hill and Spectrum are relaunching Varicent Software, which will be led by Marc Altshuller. IBM acquired Varicent in 2012.
Sun Capital has acquired Houston-based Cotton Holdings Inc, an infrastructure support services company.
Warburg Pincus has agreed to acquire Sundyne from funds advised by BC Partners Advisors LP and The Carlyle Group.
Yellow Point Equity Partners, a Canadian mid-market private equity firm, has hired Brad Hill as a partner.
Hostess Brands Inc has agreed to acquire Burlington, Ontario-based Voortman Cookies, a maker of wafers and cookies, for US$320 million (C$425 million).
Anixter's prior agreement to be acquired by Clayton, Dubilier & Rice has been terminated
Edenred agreed to buy  Corporate Spending Innovations in a deal valued at around $600 million. CSI, of Naples, Florida, is a North American provider of corporate payment solutions. Rahul Singla of Citi, along with Hogan Lovells and Deloitte advised Edenred. Jamie Hamilton, of SunTrust Robinson Humphrey, served as financial adviser to CSI.
STG Logistics, a Wind Point Partners portfolio company, said Dec. 3 that it acquired Veeco Holdings. Financial terms weren't announced. Veeco provides logistics solutions focused on the gateway ports of New York and New Jersey.
TA, GI Partners and Harvest Partners will have equal representation on the MRI board of directors
PepsiCo Inc has agreed to acquire BFY Brands Inc, a snack company, from Permira.
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