Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Private equity deals

June 29, 2012: 9:06 AM ET

Abax Global Capital has agreed to acquire Chinese wire-maker Fushi Copperweld Inc. (Nasdaq: FSIN) for approximately $364 million, or $9.50 per share (21% premium to yesterday's close). Fushi co-CEO Li Fu is participating in the deal alongside Abax. www.fushicopperweld.com

FinalSite, an East Hartford, Conn.-based online learning and communications platform for the education industry, has raised an undisclosed amount of private equity funding from Spectrum Equity Investors.www.finalsite.com

Melrose, a British buyout firm, has agreed to acquire Elster Group (NYSE: ELT), a German maker of utility meters, for $2.3 billion. www.elster.com

Nic + Zoe, a-based women's apparel brand, has secured a minority equity investment from Raptor Consumer Partners. No financial terms were disclosed. www.nicandzoe.com

Pagatech Ltd., a provider of mobile money transfer solutions in Nigeria, has raised an undisclosed amount of private equity from Adlevo Capital, Omidyar Network, Acument Fund, Capricorn Investment Group and return backer Goowell West Africa Microfinance Development Co. www.pagatech.com

Skrill, a British online payment company owned by Investcorp Technology Partners, has agreed to acquirePaysafecard.com Wertkarten AG, an Austrian provider of prepaid vouchers that enable consumers to shop online. The deal is valued at upwards of €140 million. www.moneybookers.com

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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