Short takes on the week's announcements and deals.

Acquisitions

Dynamic Precision Group, a portfolio company of District-based private equity firm Carlyle Group, has acquired Paradigm Precision Holdings from Bethesda-based private equity firm American Capital Group for $127 million in debt and equity proceeds. Both companies make engine components.

New York-based Citigroup has agreed to buy the Best Buy private label and co-branded credit card accounts from McLean-based Capital One. The portfolio has a balance of about $7 billion. Terms were not disclosed, but the transaction is expected to close in the third quarter.

Bethesda-based Calibre CPA Group has acquired Chicago-based accounting firm Levinson Simon Hein & Bilkey. Terms were not disclosed.

Federal Schedules Inc.’s Employee Stock Ownership Plan has purchased the remaining shares of the Herndon-based government contract consulting company, making it 100 percent employee owned. Terms were not disclosed.

New York-based investor group Siris Capital Group completed its previously announced $862 million acquisition of Reston-based data communications company Transaction Network Services.

District-based storage and logistics company Secor Group said it has acquired Lorton-based transportation and logistics company Special Products Transfer. Terms were not disclosed.

Contracts

Springfield-based project management company Versar said it has won comprehensive municipal storm water permit compliance contracts from Arlington County and Anne Arundel County.

Expansions

District-based MedStar NRH Rehabilitation Network has opened an outpatient center at 6858 Old Dominion Dr., McLean, VA 22101.

Funding

District-based private equity firm Carlyle Group said it has raised $308 million for its Carlyle Peru Fund. Money from the fund is to be invested in consultation with Credicorp, Peru’s largest bank.

The University of Maryland’s Maryland Industrial Partnerships program awarded $4.7 million to state university researchers to help 16 Maryland companies develop technology products. The Washington area winners are: Birich Technologies of College Park, $149,251; Cordex Systems of College Park, $150,502; Diagnostic AnSERS of College Park, $135,000; Earth Networks of Germantown, $1.44 million; Fish Pro Grow of Bethesda, $137,996; Lenderking Caging Products of Millersville, $242,469; Prasidiux of Bowie, $236,699; Sustainable Design Group of Gaithersburg, $452,587; and Tauros Engineering of Potomac, $141,000.

— Compiled by Shawn Selby