MERGERS AND ACQUISITIONS

McNeil Technologies of Springfield was sold to private equity firm Veritas Capital Fund II LP for an undisclosed sum. Rockville's Aronson Capital Partners was McNeil's adviser and initiated and structured the transaction on behalf of McNeil. McNeal provides intelligence and security services to the military and other government agencies, and has 700 employees.

USEC Inc., a Bethesda-based maker of nuclear fuel for use in power plans, bought NAC International, a maker of storage systems for spent nuclear fuel, for $16 million from Pinnacle West Capital Corp.

Black & Decker Corp. of Towson agreed to buy the tools group of Pentair Inc. for $775 million. Goldman Sachs advised Pentair.

Aether Systems Inc. of Owings Mills, Md., sold its transportation wireless communications division to Platinum Equity for $25 million. Friedman Billings Ramsey advised Aether in the deal

Matrics Inc. of Rockville was sold to Symbol Technologies Inc. for $230 million. Matrics makes radio frequency identification systems. Goldman Sachs advised Matrics.

PRIVATE EQUITY

New Markets Growth Fund said it recently closed $2 million in funding to three start-up companies the region. New Markets is a $20 million venture capital fund started out of the University of Maryland's business school to invest in companies in economically disadvantaged areas of D.C., Maryland and Virginia. New Markets participated in a $5 million funding for D.C.'s Lightningcast, a $5.1 million funding for College Park, Md.-based Biosurface Engineering Technologies and a $2.3 million funding for Baltimore-based BDMetrics.

Loews Cineplex Entertainment completed its previously announced sale for $1.5 billion to Bain Capital, Carlyle Group and Spectrum Equity Investors. The corporation announced an agreement to purchase Loews from Onex Corp. and Oaktree Capital Management in June.

PUBLIC EQUITY

New River Pharmaceuticals Inc., a contract drug testing and development company in the southeast Virginia town of Radford, is expected to go public this week by selling 4.2 million shares at between $10 and $14 a share. New River will trade under the symbol NRPH. W.R. Hambrecht & Co. is listed on the lead underwriter, followed by First Albany Capital, Wells Fargo Securities and Punk, Ziegel & Co.

PUBLIC DEBT

Smithfield Foods, the Virginia-based meat producer, plans to issue in a private offering $200 million in senior unsecured bonds due 2011. The company will use the proceeds to pay down its line of credit and for general corporate purposes.

Compiled by staff reports and from Bloomberg News.