Term Sheet

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

Mergers & acquisitions

December 10, 2012: 10:12 AM ET

American International Group (NYSE: AIG) has agreed to sell almost all of its airplane leasing business (ILFC) to a Chinese investor consortium to upwards of $4.8 billion. www.aig.com

Tiger Brands (Johannesburg: TBS) has agreed to acquire the Mrs. Ball's Chutney brand from Unilever SA (LSE: ULVR) for approximately $55 million. www.tigerbrands.co.za

Champ Private Equity has hired Macquarie Capital to advise on a sale of Golding Contractors, a provider of civil works and open-cut mining services in Australia, according to Reuters. The deal could be worth upwards of A$400 million. www.golding.com.au
Google Inc. (Nasdaq: GOOG) had set last Friday as the deadline for acquisition offers on Motorola's set-top box business, according to the WSJ. Several private equity firms and cable equipment maker Arris Group were among those expected to bid in a deal that could be valued at between $1.5 billion and $2 billion. Google may help finance the final deal. www.google.com

Transatlantic Holdings Inc., a unit of Allegheny Corp. (NYSE: A), has become a minority owner of Pillar Capital Holdings (f.k.a. Juniperus Capital), a Bermuda-based insurance asset manager focused on collateralized reinsurance and catastrophe insurance-linked securities. No financial terms were disclosed. Existing Pillar Capital backers include Marsh & McLennan Cos. and Aquiline Capital Partners. www.juniperuscapital.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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