Avista Capital Partners has agreed to acquire Telular Corp. (Nasdaq: WRLS), a Chicago-based provider of remote monitoring and asset tracking solutions for business and residential customers. The deal is valued at approximately $253 million (including assumed debt), or $12.61 per share (31% premium to Friday’s closing price). Www.telular.com
Better Capital has acquired British courier company City Link from Rentokil Initial (LSE: RTO) for just a single pound. Www.city-link.co.uk
Kohlberg Kravis Roberts & Co. Is considering a bid for Rio Tinto’s (LSE: RIO) 80% stake in an Australian copper and gold mine, according to the WSJ. Www.kkr.com
PAI Partners has agreed to acquire UK-based ice cream and confectionary company R&R Ice Cream from Oaktree Capital for approximately €850 million, according to Reuters. The deal would be partially financed via a €253 million PIK toggle. Www.rr-icecream.eu
Rockwood Holdings Inc. (NYSE: ROC) has attracted several private equity bids for its industrial ceramics unit, according to Reuters. Second-round offers came from Bain Capital, BC Partners, Cinven, Permira and TPG Capital – with ranges of between €1.2 billion and €1.5 billion.Www.rockwoodspecialties.com
Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com
