M&AOctober 3, 2012: 10:25 AM ET
Deutsche Telekom, the parent company of T-Mobile, has agreed to acquire a 74% stake in MetroPCS (NYSE: PCS). The deal would include MetroPCS conducting a 2-1 stock split and pay shareholders around $1.5 billion ($4.09 per share), and then issue new stock to Deutsche Telekom.
3i Group is seeking to list or sell Civica, a UK-based provider of public sector software, according to the FT. 3i acquired the company in 2008 for £190 million, and has Rothschild to explore exit avenues. www.3i.com
The Carlyle Group is planning a £260 million dividend recapitalization for UK roadside assistance company RAC, according to Reuters. www.carlyle.com
Global Payments Inc. (NYSE: GPN) has acquired Accelerated Payment Technologies, a Pleasant Grove, Utah-based provider of payment technology solutions to small and mid-sized merchants, from Great Hill Partners. The deal was valued at $413 million in cash. www.acceleratedpay.com
WL Ross & Co. has agreed to sell Homeward Residential Holdings Inc., a mortgage loan servicing and origination company, for approximately $750 million ($588m in cash) to Ocwen Financial Corp. (NYSE: OCN). www.wlross.com