StepStone Group is to acquire the funds management business of Parish Capital Advisors, LLP (Parish Capital), a private equity investment manager with USD2 billion in assets under management. The acquisition is expected to close in January, 2012 and is subject to customary closing conditions. Terms of the transaction were not

ABS Group of Companies, Inc has entered into an agreement to acquire Safetec Nordic AS (Safetec), a provider of integrated risk and asset management services. The programs and services of Safetec will strengthen and expand those of ABS Consulting (a subsidiary of ABS Group). ABS believes that combining the talent

International law firm Milbank, Tweed, Hadley & McCloy LLP represented O3b Networks in their USD137 million financing for a series of four additional satellites to support super-fast broadband connections to Africa and other emerging markets. The project has been described by the BBC as “one of the most ambitious commercial

Unifrax Holdings I Corporation (Unifrax), a portfolio company of private equity firm AEA Investors (AEA), has been acquired by American Securities. The transaction closed on 28 November, 2011. Harris Williams & Co acted as the lead advisor to Unifrax. The transaction was led by Chris Williams, John Neuner, John Arendale,

LogiXML, a pioneer of web-based business intelligence (BI) software, has closed a growth equity investment led by Summit Partners. Also participating in the round is Grotech Ventures, an existing LogiXML investor. LogiXML investors now include Summit Partners, Grotech Ventures and Updata Partners. The funds will be used to accelerate LogiXML’s

AssuredPartners, Inc, a portfolio company of leading Chicago-based private equity firm GTCR, has closed its second investment with the acquisition of SKCG Group, a White Plains, New York-based insurance agency. With revenues of approximately USD18 million, SKCG is one of the largest privately-held risk management and insurance advisory firms in

Global digital security software company, Clearswift, has been acquired by mid-market growth investor Lyceum Capital, in a deal that will see increased focus on Clearswift’s content-aware security products. Clearswift provides market-leading security software products to companies that view the security of their IP and communications as a strategic priority. Clearswift’s

Electra Private Equity has agreed to sell its interest in Capital Safety Group (CSG) to KKR. The total value of the deal is approximately USD1.1 billion. CSG is one of the world’s leading manufacturers of fall protection, confined space and rescue equipment.

 Completion, which is expected in January 2012, is

Boston-based private equity firm Riverside Partners has entered into an agreement to acquire a majority equity interest in ITC Global (ITC), an international provider of satellite communications services to mining, energy and maritime businesses operating in remote or harsh environments. As part of the transaction, Riverside Partners will also provide