manoj.b@eempl.com

In a move that surprised some market observers, Orbitz Worldwide Inc agreed to be sold to rival Expedia Inc in a deal valued at $1.6 billion, or $12 a share.

Seven executives have left NGP Energy Capital Management just a month after the private equity firm closed its eleventh fund, according to a note sent to investors that was seen by Buyouts, and a person with knowledge of the firm.

Paul Lattanzio, president of Star Avenue Capital, has left the growth equity firm after more than four years to join Alvarez & Marsal, a source said.

TA Associates has finally launched the long-awaited fundraising of its 12th private equity fund.

Two former executives from Golden Gate Capital and Leonard Green & Partners have founded Monogram Capital Partners.

Ben Cukier and Eric Byunn have left FTV Capital to launch Centana Growth Partners.

Hooters of America, the restaurant chain known for its scantily clad waitresses, has gone on the block, three sources said.

Don’t call J.W. Childs Associates a zombie.

James Learner, who joined HGGC two years ago, is returning to Kirkland & Ellis International.

Thoma Bravo, which just closed its eleventh fund last year, has exited Tripwire after a nearly four-year hold.