manoj.b@eempl.com

Cinven Partners LLP expects to make 5x its investment with the $3.5 billion sale of Amdipharm Mercury Ltd to Concorida Healthcare, Buyouts has learned.

Providence Equity Partners is breaking even on its investment in SRA International in the near term. Down the road, a stake in SRA, which is merging with CSC’s government unit, is expected to lead to further profitability.

The new private equity fund from Visium Asset Management LP has scored a $275 million first close, according to SEC filings.

The auction for Ascensus Inc has hit the final round, with final proposals due Wednesday, August 19, sources said.

Permira, the European private equity firm, appears to have gotten back nearly all of its investment in Ancestry.com LLC after nearly three years.

Jason Gurandiano, the lead Deutsche Bank banker handling J.C. Flowers & Co’s sale of Ascensus Inc, has quit, several sources said. However, the departure is not expected to delay the sale, which is now being handled by other members of the Deutsche Bank deal team, the sources said.

Asurion LLC is raising debt to partly fund a minority buyout of one or more of its private equity sponsors.

TA Associates, which just finished raising $5.3 billion for its latest flagship fund, is taking Amplify Snack Brands Inc public next week in a transaction that on paper would nearly triple the value of its original investment in the company.

Blackstone Group is shopping specialty materials company Polymer Group Inc. to prospective buyers in a deal that could approach $3 billion in value, according to a source familiar with the process. The firm is said to be preparing the company for either a sale or IPO.

Strategics have emerged as the buyer of choice for private equity firms looking to sell their investments, according to Pitchbook Data Inc.