Term Sheet

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

Mergers & acquisitions

January 23, 2013: 10:55 AM ET

Allergan Inc. (NYSE: AGN) has agreed to acquire neurology-focused drugmaker MAP Pharmaceuticals Inc. (Nasdaq: MAPP) for $958 million, or $25 per share (60% premium to yesterday's closing price).www.allergan.com

Bridgepoint has retained JPMorgan to explore strategic options for Swedish dialysis companyDiaverum, according to Reuters. A sale could be valued at more than €1 billion. www.bridgepoint.eu

Cisco Systems (Nasdaq: CSCO) has agreed to acquire Intucell, an Israel-based provider of self-optimizing software for mobile carriers, for around $475 million in cash. Intucell had raised VC funding from Bessemer Venture Partnerswww.cisco.com

Fleetmatics Group Ltd. (NYSE: FLTX), a provider of fleet management SaaS solutions, has filed for a secondary offering of 7 million shares. The deal would generate nearly $185 million for selling shareholder Investcorp Technology Ventures, based on last Friday's closing price of $26.41 per share. If completed, the deal would drop Investocorp's ownership stake from 70.2% to just under 50%.www.fleetmatics.com

H.J. Heinz Co. (NYSE: HNZ) has made a $60 million earn-out payment to Singapore-based private equity firm Transpac Industrial Holdings, related to Heinz's November 2010 acquisition of Foodstar, a maker of soy sauces and fermented bean curd in China. The original deal included a $165 million up-front cash payment. www.heinz.com

Kamylon Capital has sold its stake in Innovadex LLC, an Overland Park, Kansas-based provider of search tools for product developers in the life sciences and chemical industries, to Underwriters Laboratories. No financial terms were disclosed. www.innovadex.com

Unilever Ventures and FF&P Private Equity have sold BAC BV, a Dutch developer of affinity ligands and affinity purification products, to Life Technologies Corp. (Nasdaq: LIFE). No financial terms were disclosed. www.lifetechnologies.com

Yahoo Inc. (Nasdaq: YHOO) has acquired social bookmarking startup Snip.it for an undisclosed amount. Snip-it had raised VC funding from Charles River Ventures, Khosla Ventures, SV Angel and True Ventures. www.yahoo.com

Sign up for Dan's daily email newsletter on deals and deal-makers: GetTermSheet.com

Posted in:
Join the Conversation
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.

Email a Tip | @danprimack | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.