Term Sheet

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

Mergers & acquisitions

November 28, 2012: 10:04 AM ET

BASF has completed its previously-announced $1.02 billion acquisition of Becker Underwood, an Ames, Iowa-based provider of seed-applied biological products, from Norwest Equity Partners. NEP first acquired Becker Underwood back in 2004. www.beckerunderwood.com

Linden Capital Partners
has sold Behavioral Centers of America, a Nashville, Tenn.-based owner and operator of inpatient and outpatient psychiatric care facilities, to Acadia Healthcare Co. (Nasdaq: ACHC). No financial terms were disclosed. Other selling shareholders include Health Enterprise Partners and Siguler Guff & Co. www.bca-corp.com

One Equity Partners has sold Telwares Inc., a Pleasanton, Calif.-based consulting firm focused on network optimization and IT transformation, to Dallas-based advisory firm Alsbridge Inc. No financial terms were disclosed. www.telwares.com

Resilience Capital Partners has sold ChemDesign Products Inc., a Marinette, Wis.–based provider of custom toll manufacturing services to the global chemical industry, to Milwaukee-based investment firm Lubar & Co. No financial terms were disclosed. www.chemdesignproducts.com

U.S. Bank has agreed to acquire FSV Payment Systems, a Jacksonville, Fla.-based provider of prepaid and stored value programs for companies, governments and financial institutions. No financial terms were disclosed. FSV has raised over $6 million in VC funding from firms like Ballast Point Ventures, Berkley Capital and North Hill Ventures. www.fsvpaymentsystems.com

Smith & Nephew PLC (LSE: SN) has agreed to acquire Healthpoint Biotherapeutics, a Fort Worth, Texas-based biotech company focused on solutions for tissue repair and healing, for $782 million in cash. www.healthpointbio.com

Zillow Inc. (Nasdaq: Z) has agreed to acquire HotPads, a map-based rental and real estate search site headquartered in San Francisco. The deal is valued at $16 million in cash. HotPads had raised more than $2 million in VC funding from firms like Meakem Becker Venture Capital and the Investment Group of Santa Barbara. www.hotpads.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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