Term Sheet

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

Mergers & acquisitions

January 30, 2013: 10:19 AM ET

DuPont (NYSE: DD) has hired Morgan Stanley to explore a sale of its cyanide business unit, according to Reuters. The unit could fetch more than $700 million. www.dupont.com

Kinder Morgan Energy Partners (NYSE: KMP) has agreed to acquire Copano Energy LLC (Nasdaq: CPNO), a Houston-based provider of midstream services to natural gas producers in the U.S. The deal is valued at approximately $5 billion, including around $1.8 billion in assumed debt.www.copanoenergy.com

Archer Capital has retained Morgan Stanley to explore a sale of Australian wholesale oil distributorAusfuel, according to the WSJ. The deal could be worth around US$680 million. www.ausfuel.com.au

H.I.G. Capital has sold European car parts manufacturer Anvis to Tokai Rubber (Tokyo: 5191). No financial terms were disclosed, but Reuters reports a sale price of €132 million. www.anvisgroup.com
Investcorp has received six bids for Armacell, a German insulation firm that is expected to fetch between €400 million and €500 million, according to Reuters. Suitors reportedly include Charterhouse Capital Partners, Pamplona, Equistone, HgCapital, Goldman Sachs Private Equity and a U.S. building materials company. www.armacell.com

OpenTable (Nasdaq: OPEN) has acquired Foodspotting, a San Francisco-based visual guide to local food options, for approximately $10 million. Foodspotting had raised nearly $4 million in VC funding from groups like BlueRun Ventures, Felicis Ventures, 500 Startups, High Line Venture Partners and Zelkova Ventures. www.opentable.com

Panoramic Growth Equity
 has sold Solfex Equity Systems, a British renewable energy distribution specialist, to Travis Perkins PLC (LSE: TPK). No financial terms were disclosed.www.travisperkinsplc.com

Platinum Equity Partners
 has retained Baird and UBS to find a buyer for Keystone Automotive Operations, an Exeter, Penn.-based wholesale distributor and retailer of aftermarket automotive accessories and equipment, according to Reuters. A sale could be valued at between $400 million and $500 million. Platinum acquired a majority stake in Keystone via a 2011 debt restructuring.www.platinumequity.com

Prairie Capital
 has sold Navman Wireless, a Glenview, Ill.-based provider of GPS solutions for fleets and heavy equipment operations, to Danaher Corp. (NYSE: DHR). No financial terms were disclosed.www.navmanwireless.com

Rhone Capital has retained Lazard to find a buyer for Utex Industries, a Houston-based maker of sealing products and services for markets like oil and gas and wastewater treatment, according to Reuters. The deal could be valued at upwards of $800 million. www.utexind.com

Genesys, a Daly City, Calif.–based provider of customer service and contact center solutions, has acquired Utopy, a San Francisco–based provider of workforce optimization solutions like speech and text analytics. No financial terms were disclosed. Genesys shareholders include Banneker Partners, Permira and Technology Crossover Partners. Utopy investors included Blacksmith Capital, Bay Ventures and CAP Ventures. www.genesyslab.com

Reputation.com, a Redwood City, Calif.-based provider of online reputation management and privacy control solutions, has acquired Reputation 24/7, a UK-based online reputation management company. No financial terms were disclosed. Reputation.com has raised over $63 million in VC funding from August Capital, Insight Venture Partners, Bessemer Venture Partners, Jafco Ventures and Kleiner Perkins Caufield & Byers. www.reputation.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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