Term Sheet

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


July 6, 2012: 9:24 AM ET

ABC Mart Inc. (Tokyo: 2670), a Japanese shoe store chain, has agreed to acquire Portland, Ore.-based LaCrosse Footwear Inc. (Nasdaq: BOOT). The deal is valued at around $137 million, or $20 per share (82% premium to yesterday's closing price. www.lacrossefootwearinc.com

Altor Equity Partners is seeking a buyer for Swedish food supply company Euro Cater, according to Reuters. The deal could be valued at more than €500 million, with J.P. Morgan managing the process. www.cater.dk

Asure Software (Nasdaq: ASUR) has acquired PeopleCube, a Framingham, Mass.-based provider of on-demand workplace management solutions. The deal is valued at around $14 million, including an up-front cash payment of $9.8 million. PeopleCube raised $17 million in 2007 from Big Bang Ventures and Truffle Capital. www.peoplecube.com

CVC Capital Partners is seeking a buyer for Danish beauty products retailer Matas, according to Reuters. The deal could be valued at between €600 million and €800 million, with Morgan Stanley and Nordea managing the process. www.matas.dk

TPG Capital has sold its remaining 7.8% stake in Taiwanese lender Taishin Financial (TSEC: 2887), for $181.5 million. That represents a 6.4% discount to the closing price for Taishin shares on Wednesday. www.taishinholdings.com.tw

Lotte Shopping Co Ltd. has agreed to acquire a 65.25% stake in Hi-Mart, a South Korean wholesaler and retailer of home appliances, for approximately $1.1 billion. The deal comes after private equity firm MBK Partners walked away from the auction, despite having been named preferred bidder. www.himart.co.kr

Walgreen Co. (NYSE:WAG) has agreed to acquire a chain of 144 drug stores in the mid-South region from Stephen L. LaFrance Holdings and members of the LaFrance family. The deal is valued at approximately $438 million. www.walgreens.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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