Term Sheet

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

M&A

November 8, 2012: 9:55 AM ET

Boston Scientific Inc. (NYSE: BSX) has agreed to acquire Vessix Vascular Inc., a Laguna Hills, Calif.-based developer of novel percutaneous RF balloon catheter technology. The deal is valued at upwards of $425 million, including a $125 million upfront payment. Vessix had raised around $38 million in VC funding from firms like Edmond de Rothschild Investment Partners, OrbiMed Advisors, CDF Dinova Venture Partners (Hong Kong), NeoMed Management, Christopher Weil & Company and Fjord Invest LLC. www.vessixvascular.com

Permira has sold its remaining 5.94% stake in Hong Kong-listed casino operator Galaxy Entertainment Group for approximately $875 million, or HK$27.17 per share, according to Reuters. Permira now has generated around a 1.7% return on Galaxy, which it originally backed in 2007. www.permira.com

Aviva PLC (LSE: AV), Britain's second-largest insurance company, said that it is nearing a sale agreement for its U.S. unit. www.aviva.com

Perion Network Ltd. (Nasdaq: PERI) has acquired SweetIM, an Israeli provider of consumer apps and downloadable content. The deal is valued at $41 million in cash and stock ($39m/$2m). www.perion.com

Vivendi SA has put its Brazilian unit (GVT) on the block, with an asking price of at least €7 billion, according to Reuters. Suitors reportedly include America Movil SAB, DirecTV and Telecom Italia SpA. www.vivendi.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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