Term Sheet

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

Private equity deals

November 1, 2012: 12:02 PM ET

Aquiline Capital Partners has completed its previously-announced acquisition of First Investors Financial Services Group Inc., a Houston, Texas-based consumer finance company focused on automobile finance receivables and promissory notes. The deal was valued at $100 million in cash, or $13.87 per FIFS share. www.fifsg.com

The Carlyle Group and Goldman Sachs Private Equity have dropped out of the auction process for Dutch trust and corporate management group Intertrust, according to Reuters. Remaining bidders are The Blackstone Group, Cinven and Pamplona Capital Management. Intertrust is being sold by Waterland Private Equity, with ING managing the process.

Cinven has completed its previously-announced acquisition of British acquire niche pharma companyAmdipharm for £367 million. Amdipharm also has been merged with existing Cinven portfolio company Mercury Pharma. www.cinven.com

Clayton, Dubilier & Rice
 has completed its previously-announced acquisition of the decorative surfaces business of Illinois Tools Works Inc. (NYSE: ITW) for $395 million. ITW retained a minority stake.www.cdr-inc.com

Huaxia Dairy Farm Ltd., a Chinese producer of raw milk, has raised $50 million in new private equity funding. Olympus Capital led the round with a $38 million infusion, and was joined by California Technology Ventures, Herostar Holdings and Grand River Capital. www.huaxiadairyfarm.cn

The Halifax Group has sponsored a recap of Interim HealthCare Inc., a Sunrise, Fla.-based home healthcare franchisor. No financial terms were disclosed. www.thehalifaxgroup.com

New Mountain Capital is planning to bid for JDA Software (Nasdaq: JDAS), a Scottsdale, Ariz.-based enterprise software provider, according to the WSJ. The company recently hired JPMorgan to find a buyer, with the sale price expected to be between $1.5 billion and $2 billion. www.jda.com

ProSiebenSat.1
 has received three preliminary offers for its Nordic TV channels, according to Reuters. Bidders are: Nordic CapitalProvidence Equity Partners and Discovery Communications. Each bid is reported to be worth more than €1.3 billion. ProSiebenSat.1 is majority-owned by KKR and Permira.www.prosiebensat1.com

Trivitron Healthcare Pvt
., an India-based provider of medical devices and equipment, has raised $75 million in private equity funding from Fidelity Growth Partners India. The deal includes partial liquidity for existing Trivitron shareholders ePlanet Capital and Headland Capital Partners. www.trivitron.com

GTCR has acquired Premium Credit Ltd., a British provider payment facilitation and financing services, from MBNA Europe, a subsidiary of Bank of America Corp. (NYSE: BAC). The deal was valued at approximately £900 million. www.gtcr.com

Wendel Investissement
 has agreed to acquire a 25% in the telecom infrastructure business of African phone tower group IHS, for $125 million. www.ihstowers.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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