Term Sheet

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

M&A

July 16, 2012: 9:47 AM ET

ING Groep has received an offer for its South Korean insurance business from KB Financial Group, according to a local news report. No mention of the bid amount, although the unit reported around $1.74 billion of net assets through the end of March. www.ing.com

Regis Corp. (NYSE: RGS) has agreed to sell hair loss products unit Hair Club for Men and Women to Japan's Aderans Co Ltd. (Tokyo: 8170) for $163.5 million in cash. www.regiscorp.com

Thermo Fisher Scientific Inc. (NYSE: TMO) has agreed to acquire transplant diagnostics company One Lambda for $925 million in cash. www.thermofisher.com

CapMan has sold its remaining 41.4% stake in Ascade Holding AB, a Sweden-based provider of trading and routing software solutions to telecom carriers, to CSG Systems International Inc. (Nasdaq: CSGS). No financial terms were disclosed. www.ascade.com

TSG Consumer Partners has agreed to sell Yard House USA Inc. to Darden Restaurants Inc. (NYSE: DRI) for $585 million in cash (including around $30m in cash tax benefits Darden expects to realize over the next two years). Yard House operates 39 contemporary American cuisine restaurants in 13 states. www.yardhouse.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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