Club Med has received a $700 million buyout offer from company management and existing shareholders AXA Private Equity and Fosun International. The €17 per share big represents a 23% premium to last Thursday’s closing price. www.clubmed.com
Fidelity National Financial Inc. (NYSE: FNF) has agreed to acquire Lender Processing Services (NYSE: LPS) for approximately $2.9 billion in cash and stock, or $33.25 per share. At closing, FNF will combine its ServiceLink business with LPS and sell a 19% minority equity interest in the new consolidated holding company to Thomas H. Lee Partners for approximately $381 million. www.lpsvcs.com
Gulf Coast Shipyard Group Inc., a maker of ocean-going and inland marine vessels for commercial and military markets, has raised an undisclosed amount of private equity funding from Littlejohn & Co. www.littlejohnllc.com
Ratos has agreed to acquire around a 73% stake in Norwegian construction company HENT from an investor group led by Heimdal Gruppen AS. The deal is being done at an enterprise value of approximately $77 million, with Ratos investing around $53 million in equity. www.ratos.se
Singapore Telecommunications is hoping to sell its Australian satellite unit for more than A$2 billion, according to Bloomberg. Several private equity firms reportedly are diligencing the deal, including Bain Capital, The Blackstone Group and The Carlyle Group. www.singtel.com
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