Term Sheet

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

M&A

October 4, 2012: 11:02 AM ET

Calpine Corp. (NYSE: CPN) has agreed to acquire an 800-megawatt power plant in Texas from Bosque Power Co. for $432 million plus adjustments. www.calpine.com

Falcon Private Bank, a Swiss wealth management group owned by Aabar Investments (Abu Dhabi), has agreed to acquire London-based Clariden Leu from Credit Suisse for an undisclosed amount.

Oaktree Capital Management has agreed to sell Jackson Square Aviation, a San Francisco-based aircraft leasing company, to a unit of Mitsubishi Corp. for approximately $1.3 billion. Oaktree formed JSA in 2010 with a $500 million equity commitment.
www.jacksonsquareaviation.com

Estancia Capital Management has acquired a minority stake in Spruce Private Investors, a Scottsdale, Ariz.–based outsourced chief investment officer for family offices, foundations and endowments. No financial terms were disclosed. www.EstanciaPartners.com

Moelis
& Co. has acquired Freeport Financial Partners, a Chicago-based provider of financing solutions to middle market companies. No financial terms were disclosed. www.moelis.com

Morgan Stanley
is in talks to sell a majority stake in its commodities business to the Qatar Investment Authority, according to the FT. www.morganstanley.com

Private Advisors LLC has acquired Cuyahoga Capital Partners, a Cleveland-based private equity secondaries and fund-of-funds manager with $817 million in assets under management. www.cuyahogacap.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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