Term Sheet

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

Mergers & acquisitions

January 31, 2013: 9:53 AM ET

Fidelity National Information Services (NYSE: FIS) has agreed to acquire the 78% stake it does not already own in mFoundry, a Larkspur, Calif.–based provider of mobile banking and payment solutions for financial institutions and retailers. The deal is valued at approximately $120 million in cash. mFoundry has raised around $40 million in VC funding from firms like Apax Partners, Ignition Partners, PayPal, NCR Corp., Intel Capital, Mastercard and Motorola Mobility. www.mfoundry.com

Endo Health Solutions Inc. (Nasdaq: ENDP) has held exploratory sale talks with such suitors as Warner Chilcott PLC (Nasdaq: WRCX) and Valeant Pharmaceuticals International Inc. (TSX: VRX), according to Reuters. The news sent company shares up nearly 11%, giving it a current market cap of approximately $3.6 billion. www.endo.com

Scientific Games Corp. (Nasdaq: SGMS) has agreed to acquire WMS Industries Inc. (NYSE: WMS), a Waukegan, Ill.-based maker of machines for lotteries and legalized gaming. The deal is valued at approximately $1.5 billion in cash, or $26 per share.

First Solar Inc. (Nasdaq: FSLR) has acquired a 50-megawatt solar project in New Mexico from Element Solar Power, a portfolio company of Hudson Clean Energy Partners. No financial terms were disclosed. When completed, it would be the state's largest solar power project. www.firstsolar.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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