Term Sheet

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

Private equity deals

January 14, 2013: 10:21 AM ET

Altamont Capital Partners and VF Corp. (NYSE: VFC) have offered to acquire Australian surfwear company Billabong (ASX: BBG) for A$556 million, or A$1.10 per share. This matches an existing offer from Billabong director Paul Naude and Sycamore Partners. www.billabong.com

First Reserve Corp. has formed Templar Energy LLC to invest primarily in the "mature, liquids-rich producing basins in the Mid-Continent Region." The Templar team is led by David Le Norman, who First Reserve previously backed with TLP Energy. No financial terms of the commitment were disclosed. www.firstreserve.com

Pelican Products Inc., a protective case maker owned by Behrman Capital, has acquired Minnesota Thermal Science, a Plymouth, Minn.–based provider of global temperature controlled transportation products. No financial terms were disclosed. www.credothermal.com

Triple Point Technology, a Westport, Conn.–based provider of cloud and on-premise commodity management software, has acquired WAM Systems, a Plymouth Meeting, Penn.–based provider of supply chain planning and optimization solutions for process manufacturing industries. No financial terms were disclosed. Triple Point backers include Welsh Carson Anderson & Stowe, JMI Equity and ABRY Partners. WAM had raised VC funding from such groups as Edison Venture Fund and Ben Franklin Technology Partners. www.tpt.com

Trive Capital has acquired Precise Packaging Inc., a Fall River, Mass.–based manufacturer of complex pressurized spray products. No financial terms were disclosed. www.precisepackaging.com

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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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