Term Sheet

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

M&A

November 5, 2012: 10:27 AM ET

Lloyds Banking Group is considering a sale process for its 60% stake in British wealth management firm St. James's Place, according to The Sunday Times. The position could be valued at around $1.6 billion. www.lloyds.com

MetLife Inc. (NYSE: MET) has agreed to sell its mortgage servicing unit to JPMorgan (NYSE: JPM). No financial terms were disclosed, except that the MetLife mortgage servicing portfolio is valued at approximately $70 billion. www.metlife.com

G&T Conveyor Co., a portfolio company of Brynwood Partners, has sold Elite Line Services LLC to a subsidiary of Japan's Daifuku Co. Ltd. (Tokyo: 6383) for an undisclosed amount. ELS is a Carrollton, Texas–based provider of operations and maintenance support for baggage handling systems, passenger boarding bridges, vehicle fleet and ground support equipment at airports.www.elitelineservices.com

NICE Systems (Nasdaq: NICE) has acquired Redkite Financial Markets, a UK-based provider of markets surveillance solutions for the financial services market. No financial terms were disclosed. Redkite had raised VC funding from DFJ Esprit and Draper Fisher Jurvetson. www.nice.com

Molex Inc. (Nasdaq: MOLX) has acquired Affinity Medical Technologies LLC, a Costa Mesa, Calif.-based provider of medical device interconnect systems. No financial terms were disclosed. B. Riley & Co. managed the process. www.molex.com

Sign up for Dan's daily email newsletter on deals and deal-makers: GetTermSheet.com

Posted in:
Join the Conversation
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.

Email a Tip | @danprimack | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.