Term Sheet

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

M&A

October 5, 2012: 10:20 AM ET

The Carlyle Group is looking to sell its 3.7% stake in Indian mortgage lender Housing Development Finance Corp. (BSE: 500010) for upwards of $861 million, according to Reuters. www.carlyle.com

CVC Capital Partners
is considering a share sale process for Indonesian retailer PT Matahari Department Store, according to the WSJ.

Given Imaging Ltd.
(Nasdaq: GIVN) has acquired the assets of SmartPill Corp., a Buffalo, N.Y.-based maker of ingestible capsules that uses sensor technology to measure pH, pressure and temperature in the GI tract. The deal is valued at $6 million. SmartPill had raised VC funding from firms like Health Evolution Partners, High Peaks Capital Partners, Kimberly-Clark, Oxford Bioscience Partners, Psilos Group and Paulding Ventures. www.smartpillcorp.com

Mayne Pharma Group Ltd. (NYSE: MYX) has agreed to acquire Metrics Inc., a Greenville, N.C.-based provider of contract development services to the pharmaceutical industry. The deal is valued at $120 million, including a $105 million up-front payment. www.metricsinc.com

The Sterling Group has agreed to sell Velcon Filters LLC, a Colorado Springs, Colo.-based maker of filtration equipment and replacement cartridges for the aviation, industrial fuel and industrial process filtration markets. The buyer was Parker Hannifin Corp. (NYSE: PH). No financial terms were disclosed, except that Velcon reported sales of $115 million for the year ending August 31, 2012. www.parker.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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