Term Sheet

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

M&A

October 9, 2012: 10:06 AM ET

Boston Scientific Corp. (NYSE: BSX) has agreed to acquire Rhythmia Medical Inc., a Burlington, Mass.-based developer of mapping and navigation solutions for use in cardiac catheter ablations and other electrophysiology procedures. Sellers include Norwich Ventures. The deal is valued at $265 million, including a $90 million upfront payment and an additional $175 million in possible earnouts.www.bostonscientific.com

CBS Corp. (NYSE: CBS) has agreed to buy 101.9 FM from Merlin Media for $75 million, in order to simulcast its WAFN sports radio station on the FM dial. Merlin Media is a portfolio company of GTCR.www.merlinmediallc.com

KarpReilly has hired North Point Advisors to find a buyer for Miller's Ale House, a casual dining chain with 57 stores in eight states, according to peHUB. www.millersalehouse.com

Appirio, a San Mateo, Calif.-based provider of cloud solutions for businesses, has acquired Knowledge Infusion, a Minneapolis-based provider of cloud-based HR solutions. No financial terms were disclosed. Appirio has raised over $75 million in VC funding from General Atlantic, Sequoia Capital and GGV Capital. www.appirio.com

Leon Black, head of Apollo Global Management, has agreed to acquire London-based art book publisher Phaidon Press Ltd. for an undisclosed amount. www.phaidon.com

Marathon Petroleum Corp. (NYSE: MPC) has agreed to acquire BP LLC's (LSE: BP) Texas City refinery for $2.5 billion. www.marathonpetroleum.com

NBT Bancorp Inc. (Nasdaq: NBTB) has agreed to acquire Syracuse, N.Y.-based bank holding companyAlliance Financial Corp. (Nasdaq: ALNC) for approximately $233.4 million. www.alliancebankna.com

Principal Financial Group (NYSE: PFG) has agreed to acquire listed Chilean pension fund management firm AFP Cuprum for approximately $1.51 billion. www.cuprum.cl

PPR (Paris: PP), a French retail conglomerate, is looking to sell or spin off its Fnac music and book retailing unit, according to Reuters. The group could be valued at upwards of $1 billion. www.ppr.com

Barclays PLC has agreed to acquire the British savings and loan business of ING, which includes around £10.9 billion of deposits and £5.6 billion in mortgages. ING will book a 320 loss on the deal, as it's selling at a 3% discount to face value. www.barclays.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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