Term Sheet

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

M&A

November 1, 2012: 12:02 PM ET

BMC Software Inc. (Nasdaq: BMC) is planning to buy back $1 billion of shares, after reviewing strategic alternatives that included a sale of the company, according to Bloomberg. Possible buyers had included KKR and TPG Capital. www.bmc.com

Carl Icahn has acquired around a 10% stake in Netflix (Nasdaq: NFLX). www.netflix.com

The Potash Corp. of Saskatchewan (TSX: POT) confirmed that it is in talks with the Israeli government to increase its position in fellow fertilizer maker Israel Chemicals. Potash currently holds nearly a 14% stake in Israel Chemcials. www.potashcorp.com

Intrexon Corp., a Blacksburg, Va.-based synthetic biology company, has agreed to acquire around a 48% stake in AquaBounty Technologies Inc. (AIM: ABTX), a Maynard, Mass.–based biotech company focused on increasing aquaculture productivity. The deal is valued at approximately $6 million in cash, with the shares coming from Linnaeus Capital Partners. Intrexon shareholders include Carilion Clinic, Colt Ventures, Third Security and Virginia Tech. www.intrexon.com

Goldman Sachs Capital Partners is seeking a buyer for USI Holdings, a Briarcliff Manor, N.Y.-based insurance broker, as originally reported by The Deal. Goldman Sachs is managing the process, which could generate bids of nearly $2 billion. GSCP acquired USI in 2007 for $1.4 billion. www.usi.biz

Zillow Inc. (Nasdaq: Z) has acquired Buyfolio, a New York–based online and mobile collaborative shopping platform for homebuyers. No financial terms were disclosed. www.zillow.com

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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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