Term Sheet

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

Private equity deals

November 19, 2012: 10:49 AM ET

Apax Partners has agreed to acquire the Cole Haan handbag and shoe brand from Nike Inc. (NYSE: NKE), for $570 million. The deal is expected to close early next year. Rival bidders reportedly had included Berkshire Partners and TPG Capital. www.apax.com

Billabong (ASX: BBG) said that director Paul Naude would temporarily step down from its board of directors, as he considers a leveraged buyout of the Australian surfwear company. Naude currently manages Billabong's North American business. It is unclear if he would try to work with either Bain Capital or TPG Capital – two private equity firms that had previously expressed interest in Billabong before abandoning the process. www.billabong.com

Golden Gate Capital
 has agreed to acquire Ex Libris Global Holdings, a Jerusalem-based provider of library automation solutions, from Leeds Equity Partners. No financial terms were disclosed.www.exlibris.co.il

Lloyds Banking Group has agreed to sell its portfolio of Irish commercial real estate loans to Apollo Global Management for £149 million in cash. www.agm.com

Terra Firma Capital Partners is in talks to acquire Annington Homes, manager of more than 50,000 British army houses, from Nomura for approximately £3.5 billion, according to The Sunday Telegraph. Terra Firma boss Guy Hands used to work at Nomura, and was responsible for its 1996 purchase of Annington Homes. www.terrafirma.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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