Term Sheet

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

M&A

November 7, 2012: 11:37 AM ET

AEA Investors has sold Houghton International, a Valley Forge, Penn.-based maker of metal working fluids, to India's Gulf Oil Corp. for $1.05 billion. AEA had acquired Houghton for an undisclosed amount in 2007. www.houghtonintl.com

Macmillan U.S.
 has acquired Sapling Learning Inc., an Austin, Texas-based provider of interactive homework and instruction solutions. No financial terms were disclosed. Sapling backers had includedNLM Capital Partnerswww.us.macmillan.com

Takeda Pharmaceutical Co. of Japan has agreed to acquire Envoy Therapeutics Inc., a Jupiter, Fla.-based developer of drugs for neurological and psychiatric diseases. The deal is valued at up to $140 million. Envoy had raised VC funding from Takeda, 5AM Ventures and Roche Venture Fund.www.envoytherapeutics.com

Fab.com, a New York-based flash sales site, has acquired its exclusive Indian tech partner True Sparrow Systems, which had been founded by Fab execs in 2007. No financial terms were disclosed. Fab has raised around $170 million in VC funding from Atomico, Pinnacle Ventures, ru-Net Technology Partners, Mayfield Fund, DoCoMo Capital, Andreessen Horowitz, Menlo Ventures, Baroda Ventures, VTB Capital, Phenomen and First Round Capital. www.fab.com

iMedx Inc., a Shelton, Conn.-based provider of outsourced healthcare software and services to hospitals and medical practices, has acquired the assets of Greenlight Transcription LLC, which provides medical, legal and business transcriptions services. No financial terms were disclosed. IMedx shareholders include RFE Investment Partners and Ventureast Fund Advisors (India). www.imedx.com

Sprint 
(NYSE: S) has agreed to acquire from U.S. Cellular (NYSE: USM) the PCS spectrum and customers in parts of Illinois, Indiana, Michigan, Missouri and Ohio (including the Chicago and St. Louis markets). The deal is valued at $480 million in cash, plus the assumption of certain liabilities. www.sprint.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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