Term Sheet

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

Private equity deals

January 30, 2013: 10:18 AM ET

JLL Partners has agreed to acquire BioClinica Inc. (Nasdaq: BIOC), a Newtown, Penn.–based provider of clinical trial management solutions, for $123 million, or $7.25 per share. JLL Partners also announced an agreement to acquire Princeton, N.J.-based CoreLab Partners fromAmpersand Capital Partners, and that it would merge the two companies into a single entity.www.bioclinica.com

Hahn & Co. has agreed to acquire a control stake in bankrupt South Korean shipping company Korea Line for approximately $134 million, according to Private Equity International. www.korealines.co.kr

MBK Partners has expressed interest in acquiring the South Korean insurance business of ING Groep NV, according to a local press report. www.ing.com

Paine & Partners has completed its previously-announced acquisition of a majority stake in Eurodrip SA, a Greece-based manufacturer and supplier of drip irrigation solutions, from Global Finance and Bellaria Holding. The deal was valued at more than $58 million. www.painepartners.com

Ridgemont Equity Partners has partnered with the management team of Unitex Oil and Gas to acquire and develop producing properties in the Permian Basin. The venture's first acquisition is of conventional oil assets in Scurry County, Texas. No financial terms were disclosed. www.ridgemontep.com

Saban Capital Group has acquired a controlling interest in Partner Communications Company Ltd.(Nasdaq: PTNR), a provider of communications services in Israel, from Scailex Corp. (TASE: SCIX). No financial terms were disclosed for the transaction, which also included the assumption of debt owned by Scailex to Advent Investments Pte. Ltd., a subsidiary of Hutchison Whampoa Ltd. (Hong Kong: 13).www.saban.com

Thermo Fisher Scientific Inc. (NYSE: TMO) is considering a takeover offer for Carlsbad, Calif.-based biotech company Life Technologies Corp. (Nasdaq: LIFE), according to Reuters. Other interested suitors include private equity firms like Bain Capital, Blackstone Group, KKR and TPG Capital. Life Technologies has a market cap of around $10.7 billion. www.lifetechnologies.com

Vine Pharmaceuticals, the largest pharmacy retail chain in Uganda, has raised an undisclosed amount of private equity funding from Abraaj Groupwww.abraaj.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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