Wellspring Capital Management has acquired ThermaSys Corporation, manufacturer of a wide range of heat exchangers and heat exchange equipment, from an affiliate of Sun Capital Partners, Inc. Financial terms of the have not been disclosed. Founded in 1971 in Montgomery, Alabama as Thermal Components, Inc, ThermaSys has one of the broadest product offerings in the industry, supplying a diverse range of highly engineered, custom-designed heat exchangers and heat exchanger components, including aluminium and brass seam-welded tubing. The Company is uniquely positioned to supply highly engineered heat exchanger products for a wide variety of applications, either as single components or combined

Allied Oil & Gas Services, a cementing and acidizing business headquartered in Fort Worth, Texas, has been acquired by Intervale Capital, a private equity firm focused on investments in middle-market oilfield services companies. With locations in Kansas, Pennsylvania and West Virginia, Allied provides cementing and acidizing services to customers in the Mid-Continent and Marcellus Shale regions. Allied has a broad customer base of exploration and production companies and has distinguished itself as a provider of choice over its 45 year operating history. Wells Fargo & Company provided debt financing to support the transaction. Allied’s operations will be led by CEO

August & Debouzy has advised France Economie Régions (FER) on its bid to take over the French newspaper La Tribune.   France Economie Régions’ majority shareholder, the Hima Group, teamed up with the Hi-media Group, chaired by its founder, Cyril Zimmermann, for the bid.   The business plan consists in combining continuous online news coverage (via a quality website) with the publication of a weekly newspaper every Friday. This was the only bid submitted to the court to plan for the development of both media formats, to ensure greater visibility for the paper. Another important aspect of the bid was the

Private equity firm Warburg Pincus has acquired majority ownership in FacilitySource, a provider of facility maintenance and management solutions to retailers and other multi-site operators. Terms of the deal have not been disclosed. FacilitySource manages over 60,000 facilities worldwide via an elite service provider network, representing over USD1 billion in aggregated spend each year. The company has grown rapidly since taking its solution to market in 2005, averaging 25-30% growth in each year. FacilitySource is poised to accelerate this growth with the backing of Warburg Pincus. "FacilitySource provides a unique value proposition to its customers and continues to innovate in

A company owned by Permira, the European private equity firm, has successfully completed the acquisition of Genesys, a global expert in contact centre technology software, from Alcatel-Lucent (Euronext Paris and NYSE: ALU). Technology Crossover Ventures and certain co-investors of the Permira funds also participated in the transaction. The transaction values the company at USD1.5 billion. With the backing of the investor group, Genesys will continue to provide market-leading contact centre products and solutions to clients around the world while enhancing its core product portfolio and strengthening its offering in the growing areas of cloud computing, analytics, workforce optimization, process workflow

Domo, a new software-as-a-service (SaaS) venture launched by Omniture co-founder Josh James, has closed USD20 million in Series A-1 funding from Institutional Venture Partners (IVP). This round brings total investment in Domo to USD63 million.   “Winning takes 100 percent focus,” says James. “While we weren’t in the market for additional funding, the capital from a trusted and experienced partner such as IVP made a lot of sense. We’ve experienced positive feedback from the marketplace. This move fills the coffers and enables us to stay focused on execution. It also provides flexibility as we build out our sales organisation and

Better Capital has sold MentecPlus Integrated Solutions Limited (MentecPlus), a company within the BECAP Fund LP (the 2009 Fund) investment portfolio, to UNIT4 Business Software Holding BV (UNIT4), a NYSE Euronext-listed company. MentecPlus was acquired as part of the Calyx group of ICT managed services companies in September 2010. As the authorised distributor in Ireland for the Agresso Business World suite of business software products, MentecPlus has a long-established relationship with UNIT4 (the author of Agresso). MentecPlus, with 167 customers, is a leading provider of business software solutions to both SMEs and Public Sectors in the Republic and Northern Ireland.

The Indian Private Equity & Venture Capital Association (IVCA) is partnering with Cambridge Associates to provide extensive, independent Indian private equity and venture capital performance data to industry participants. As part of the strategic partnership, IVCA will give its members access to aggregate Indian private equity (PE) and venture capital (VC) benchmark data and statistics, once launched. Cambridge Associates, a global provider of independent research and investment advice, derives PE and VC benchmarks from the financial information in its proprietary database of institutional-quality PE and VC funds, which is one of the largest such data repositories in the world, and