Term Sheet

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

M&A

October 30, 2012: 10:28 AM ET

Clean Harbors Inc. (NYSE: CLH) has agreed to acquire Safety-Kleen Inc., a Plano, Texas-based provider of oil collection, re-refining and recycling in North America, for $1.25 billion in cash. The deal is expected to close by year-end. Safety-Kleen had recently filed for a $400 million IPO, and reports $135 million in net income for 2011 on around $1.28 billion in revenue.
Shareholders include Highland Capital Management (39.3% stake), Contrarian Capital Management (18.3%), JPMorgan Partners (14.7%) and GSC Group (9.2%). www.safety-kleen.com

Bayer Healthcare has agreed to acquire Salt Lake City-based nutritional supplement maker SchiffNutrition International Inc. (NYSE: SHF) for approximately $1.2 billion, or $34 per share. TPG Capitalacquired around a 25% stake in Schiff two years ago. www.schiffnutrition.com

Warburg Pincus has hired Credit Suisse to find a buyer for its 70% stake in India-based Alliance Tire Group, according to local press reports. Warburg acquired the position in 2007 for $150 million.www.warburgpincus.com

Riverbed Technology (Nasdaq: RVBD) has agreed to acquire OpNet Technologies Inc. (Nasdaq: OPNT), a provider of network and application performance management solutions. The $43 per share deal values OpNet at approximately $921 million. www.riverbed.com

JDA Software (Nasdaq: JDAS), a Scottsdale, Ariz.-based enterprise software provider, has hired JPMorgan to find a buyer, according to Reuters. The company's market cap is approximately $1.5 billion, and the "sale process is at an advanced stage." www.jda.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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