Term Sheet

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Mergers & acquisitions

January 11, 2013: 10:23 AM ET

Billtrust, a Hamilton, N.J.–based provider of outsourced billing services in North America, has merged with Best Practice Systems, a provider of end-to-end billing solutions. No financial terms were disclosed. Billtrust has raised around $29 million in VC funding from firms like Bain Capital Ventures and Edison Ventures. www.billtrust.com

3i Group has hired Morgan Stanley to find a buyer for Mold Masters, a Canadian manufacturer of plastics melt control systems, according to the FT. The company could be worth around C$700 million. 3i reportedly also is planning to sell off three other companies early this year: Civica, Scandlines and Labco (in which it holds a minority stake). www.3i.com

Houlihan Lokey has acquired Milestone Advisors, a Washington, D.C.-based investment bank focused on financial services clients. No financial terms were disclosed. www.hl.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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