Kraft Foods Inc. (NYSE: KFT) has sold its Fruit2O water and Veryfine juice brands to Sunny Delight Beverages Co., a portfolio company of J.W. Childs & Associates. No financial terms were disclosed for the deal, but Kraft said that the brands had $135 million in combined 2006 sales.
Peter Cornell has agreed to join Terra Firma as managing director of stakeholder relations. He previously was a managing partner of Clifford Chance. www.terrafirma.com
Braam Verster has joined Palamon Capital Partners as a vice president. He previously was with McKinsey & Co. as an associate principal in the firm's London-based private equity practice. www.palamon.com
Hubbell Inc. has acquired PCore Electric Company Inc. from DeltaPoint Capital, HSBC Capital and PCore management. No financial terms were disclosed. PCore is a LeRoy, N.Y.-based provider of high-voltage condenser bushings and related components and services to high-power transformer manufacturers. Houlihan Lokey Howard & Zukin advised the sellers. www.pcoreelectric.com
MNTech Co. Ltd., a Korean manufacturer of optical films, has raised $60 million through an IPO on the Kosdaq market. Shareholders include Walden International, Hyundai Venture Investment Corp. and Kibo Technology Advancing Capital Corp. www.mntech.co.kr
Orion ICG, a Raleigh, N.C.-based military recruiting and consulting firm, has acquired Cumberland Therapy Services Inc., a Lawrenceville, N.J.-based provider of healthcare therapists and other professionals to state and local government facilities. No financial terms were disclosed. Orion is a portfolio company of Centre Partners. www.orioninternational.com
Market Strategies International, a Livonia, Mich.
Select Medical Corp., a Mechanicsburg, Pa.-based operator of specialty hospitals, has agreed to acquire CORA Health Services Inc., a Lima, Ohio
La-Z-Boy Inc. (NYSE: LZB) has completed the sale of its Clayton Marcus subsidiary to Rowe Fine Furniture Inc., a portfolio company of Sun Capital Partners. No financial terms were disclosed. Clayton Marcus is a Hickory, N.C.-based maker of mid-to-high priced upholstered furniture. www.claytonmarcus.com
CVC Asia Pacific and CVC Capital Partners have sold their controlling interest in Australia and New Zealand healthcare company DCA Agedcare Group to BUPA for approximately Au$1.23 billion. www.cvc.com