Term Sheet

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

Mergers & acquisitions

December 6, 2012: 10:16 AM ET

Cogeco Cables Inc. (TSX: CCA) has completed its previously-announced $1.36 billion acquisition of Atlantic Broadband, a Quincy, Mass.–based provider of TV, Internet and phone services, from ABRY Partners and Oak Hill Capital Partnerswww.atlanticbb.com

Daimler AG has sold half its 15% stake in aerospace company European Aeronautic Defense and Space (EADS) for €1.7 billion to a group of investors that includes German bank KfW. www.daimler.com

Freeport-McMoRan Copper & Gold (NYSE: FCX) has agreed to acquire both Plains Exploration and Production (NYSE: PXP) and the McMoRan Exploration Co. (NYSE: MMR). The Plains deal would be for $6.9 billion in cash and stock, while McMoRan would be for approximately $3.4 billion (or $2.1b, net of FCX and PXP's current stakes in MMR). Freeport shares fell more than 13% following the announcement. www.fcx.com

Starz, a premium cable television network, will seek buyers once spun-off from Liberty Media (Nasdaq: LMCA) next month, according to the WSJ. www.starz.com

Charterhouse Capital Partners has hired Deutsche Bank and Goldman Sachs to manage a sale of German energy metering company Ista International, according to Bloomberg. The auction is expected to launch in early 2013, with an asking price in excess of €3 billion. Charterhouse paid €2.4 billion to buy Ista in 2007 from CVC Capital Partners, which reinvested to maintain a minority stake. www.ista.com

(Nasdaq: CTXS) has agreed to acquire Zenprise, a Fremont, Calif.–based provider of mobile device management solutions. No financial terms were disclosed. Zenprise has raised over $64 million in VC funding, from firms like Greylock Partners, Rembrandt Venture Partners, Ignition Partners, Bay Partners, Mayfield Fund and Shasta Ventures. www.zenprise.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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