Term Sheet

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

M&A

October 12, 2012: 10:12 AM ET

Ecolab Inc. (NYSE: ECL) has agreed to acquire Champion Technologies, a Houston-based provider of energy specialty products and services, for approximately $2.2 billion (75% cash, 25% stock). www.champ-tech.com

ERA Group Inc., a Louisiana-based helicopter transport operator owned by Seacor Holdings, has withdrawn registration for a $150 million IPO. The company had filed in August 2011, with Goldman Sachs serving as lead underwriter.

ExactTarget Inc. (NYSE: ET) has acquired Pardot LLC, an Atlanta–based SaaS marketing automation platform. The deal is valued at $95.5 million, including $85.5 million in cash and $10 million in ExactTarget stock. www.pardot.com

Deloitte Consulting LLP has sold its healthcare revenue cycle outsourcing business to India's Hinduja Global Solutions for an undisclosed amount. Clearsight Advisors managed the process for Deloitte. www.deloitte.com

Larry Ellison, CEO of Oracle, is considering an offer for Anschutz Entertainment Group, according to Reuters. AEG owner Phil Anschutz reportedly is seeking initial bids of around $10 billion, with Blackstone Advisory Partners managing the process.

DHX Media Ltd. (TSX: DHX) VMG Partners has sold Snack Factory, maker of Pretzel Crisps snacks, to Snyder-Lance Inc. (Nasdaq: LNCE) for $340 million. www.vmgpartners.com

Wellspring Capital Partners has agreed to sell OMNI Energy Services Corp., a Carencro, La.-based provider of environmental and production services to the oil and gas industry, from Gibson Energy Inc. (TSX: GEI). The deal is valued at US$445 million (including $43.5m of cash on hand). www.wellspringcapital.com

Carl Icahn has offered to acquire Oshkosh Truck (NYSE: OSK) for approximately $3 billion, or $32.50 per share (21% premium to Wednesday's closing price). www.oshkoshcorporation.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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