Term Sheet

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

Mergers & acquisitions

January 3, 2013: 10:22 AM ET

Hormel Foods Corp. (NYSE: HRL) has agreed to buy the Skippy peanut butter brand from Unilever PLC (LSE: ULVR) for $700 million. www.hormel.com

Aker Solution, a listed Norwegian oil services company, has agreed to acquire Separation Specialists Inc., a Shafter, Calif.-based provider of products for oil and water separation. No financial terms were disclosed. www.separationspecialists.com

Microsoft Corp. (Nasdaq: MSFT) has acquired id8 Group R2 Studios Inc., a home media and automation technology startup formed by former Sling Media CEO Blake Krikorian, according to Dow Jones. No financial terms were disclosed. www.microsoft.com

NCR Corp. (NYSE: NCR) has acquired uGenius Technology Inc., a Sandy, Utah-based provider of video banking software. No financial terms were disclosed. www.ugenius.com

Alta Communications has sold Boston-based mobile data and research firm Yankee Group to The 451 Group for an undisclosed amount. www.the451group.com

Al Jazeera has agreed to acquire cable television network Current TV from shareholders like Al Gore, Blumberg Capital and Yucaipa Cos. No financial terms were disclosed, but the deal is reported to be worth between $400 million and $500 million.

Goode Partners has agreed to sell women's fashion boutique chain Intermix to Gap Inc. (NYSE: GPS) for approximately $130 million, according to the WSJ. www.intermixonline.com

Navis Capital Partners and Rabo Capital have told Thai duck processor Bangkok Ranch to a consortium led by company co-founders Joseph Suchaovanich and Gertjan Tomassen for approximately $188 million.

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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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