Term Sheet

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

Private equity deals

January 22, 2013: 9:53 AM ET

Direct Marketing Solutions Inc., a Portland, Ore.-based direct marketing company for Fortune 1000 companies, has been acquired by an investor group that includes Caymus Equity Partners andCenterfield Capital Management. No financial terms were disclosed, except that TCF Capital Funding provided $8.5 million in senior secured credit facilities. www.teamdms.com

The Flexitallic Group, a maker of industrial static sealing products, has acquired Custom RubberProducts, a Houston, Texas–based maker of plastic products for upstream and midstream oilfield and industrial markets.  No financial terms were disclosed, except that European Capital Ltd. invested $7 million in unitranche bonds to support the deal. Flexatallic Group is owned by Eurazeo PME.www.customrubber.com

Intermedia, the world's largest third-party Microsoft Exchange hosting provider, has agreed to acquireTelanetix Inc. OTC BB: TNIX), a Belleview, Wash.–based provider of cloud-based communications solutions. The deal is valued at approximately $55 million, including $13 million in assumed debt and other liabilities. Shareholders in New York-based Intermedia include Nokia Growth Partners and Oak Hill Capital Partnerswww.intermedia.net

Investcorp has agreed to acquire FishNet Security Inc., a Kansas City-based provider of enterprise information security solutions and consulting, from Lake Capital Management, according to Dow Jones. No financial terms were disclosed. www.fishnetsecurity.com

L-com, a network connectivity company owned by Odyssey Investment Partners, has acquiredMilesTek Corp., a Denton, Texas–based provider of network connectivity products for military and commercial end markets. No financial terms were disclosed. Sellers include Castle Island Partners and HighPoint Capital Management. www.l-com.com

Ontario Teachers' Pension Plan has agreed to acquire SeaCube Container Leasing Ltd. (NYSE:BOX) for approximately $467 million, or $23 per share (13.3% premium to Friday's closing price). SeaCube is a Park Ridge, N.J.-based container leasing company. www.seacubecontainers.com

The Riverside Company has acquired Alchemy Systems, an Austin, Texas-based SaaS provider of food and workplace safety training solutions. No financial terms were disclosed. www.alchemysystems.com

SintecMedia, a broadcast management software provider owned by Riverwood Capital, has acquiredArgo Systems, an Atlanta-based provider of business solutions to the cable network and operators industry. No financial terms were disclosed. www.sintecmedia.com

Tempo Cagri Hizmetleri, a Turkish call center and distant services company, has raised an undisclosed amount of private equity funding from Globalturk Capital and Mitsui & Co. www.globalturkcapital.com

Work Service (Warsaw: WSE), a Poland-based temporary staffing and personnel outsourcing company, has secured a €26 million equity commitment from PineBridge Investments. The deal would give PineBridge a 20.02% ownership position. www.workservice.pl

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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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