Term Sheet

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

M&A

October 26, 2012: 10:28 AM ET

Random House and Penguin are in talks to merge, according to the NY Times. Random House is currently owned by Bertelsmann AG, while Penguin is owned by Pearson PLC, with Bertelsmann expected to hold more than a 50% stake in the combined publishing house. www.randomhouse.com

BC Partners has canceled a proposed sale of German SGB Starkstrom, a maker of power transformers, according to Reuters. BC had hired Goldman Sachs to manage a process designed to raise up to €1 billion, but lead bidder State Grid (China) was unable to secure Chinese government support for the transaction. www.bcpartners.com

Cinven and Warburg Pincus are among a group of investors who recently sold 37 million shares in listed Dutch cable operator Ziggo NV, generating €915.8 million in proceeds (including €569m for Cinven and €590m for Warburg). Ziggo went public on the Euronex in March. www.ziggo.com

H.I.G. Capital has sold Texas Honing Inc., a Pearland, Texas-based maker of components used in oilfield drilling, completion and production systems, to Precision Castparts Corp. (NYSE: PCP). No financial terms were disclosed. www.texashoning.com

Ozburn-Hessey Logistics, a portfolio company of Apollo Global Management and Welsh Carson Anderson & Stowe, has sold its freight brokerage unit (Turbo Logistics) to XPO Logistics (NYSE: XPO) for $50 million. www.ohl.com

Solis Capital Partners has sold its stake in Miro Technologies to The Boeing Co. (NYSE: BA) for an undisclosed amount. Miro is a La Jolla, Calif.-based provider of enterprise asset management, maintenance, repair and overhaul services for government and commercial customers.www.mirotechnologies.com

Yahoo Inc. has acquired mobile sharing startup Stamped, which had raised around $3 million in VC funding from firms like Google Ventures, Bain Capital Ventures, CrunchFund, Metamorphic Ventures, NY Times Co., Columbia Records and TomorrowVentures. No financial terms were disclosed for the deal, which is Yahoo's first acquisition under CEO Marissa Mayer. www.yahoo.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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