Term Sheet

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

Mergers & acquisitions

February 1, 2013: 10:02 AM ET

ACI Worldwide (Nasdaq: ACIW) has agreed to acquire online banking and bill payment company Online Resources Inc. (Nasdaq: ORCC). The deal is valued at an enterprise value of approximately $263 million, or $3.85 per share. www.aciworldwide.com

Fifth & Pacific (NYSE: FNP) is considering selling its Juicy Couture brand, according to Reuters. www.fifthandpacific.com

MetLife (NYSE: MET) has agreed to acquire listed Chilean pension fund administrator AFP Provida. The initial 64.3% stake would come from Spain's BBVA, while the remainder would be a tender with other outstanding shareholders. If all shares are tendered, the total deal value would be approximately $2 billion. www.metlife.com

Forstmann Little & Co. has pulled health club chain 24 Hour Fitness from the auction block, according to the WSJ. It had been seeking around $2 billion for the business, but was unable to get adequate bids. Goldman Sachs was managing the process. www.24hourfitness.com

HgCapital has sold has sold its 177MW wind portfolio, including UK developer RidgeWind, to Blue Energy Co. for £250 million. www.blue-energyco.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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