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This week's News and Deals

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Providence Equity Buys SRA International, a Government Consultant

SRA International, a national security and information technology consulting firm, said on Friday it would be bought by a private equity firm, Providence Equity Partners, for $1.88 billion in cash. SRA, based in Fairfax, Va., says it has expertise in areas including air surveillance and air traffic management, cyber security, disaster response planning, strategic management consulting and wireless integration, among others. It has commercial clients in addition to government agencies.

Sovereign Wealth Funds Buy Stake in TPG

The private equity firm TPG has agreed to sell nearly 5 percent of itself to two sovereign wealth funds in a transaction that values the firm at about $10 billion. The roughly $500 million investment in TPG is from the Kuwait Investment Authority and the Government of Singapore Investment Corporation.

Pfizer Sells Capsule Unit to K.K.R.

Pfizer said on Monday that it had agreed to sell its Capsugel unit, which makes a variety of capsules for drugs, to Kohlberg Kravis Roberts & Company for $2.375 billion in cash. Capsugel was acquired by Pfizer as part of its $90 billion acquisition of Warner-Lambert in 2000. The unit manufactured more than 180 billion hard capsules last year and generated about $750 million in revenue.

Freedom Group Seeks to Pull I.P.O.

Freedom Group, the owner of of Remington Arms and Bushmaster Firearms, has asked the Securities and Exchange Commission to withdraw its filing for an initial public offering. Freedom is owned by the private equity firm Cerberus Capital Management, and the withdrawal of its offering is a rare misfire amid a number of successful private equity-backed public offerings.

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All for now. Have a great week ahead and see you next week!

Questions or Comments, please contact Zoe Zhu.