Term Sheet

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

Mergers & acquisitions

February 14, 2013: 11:36 AM ET

American Airlines and US Airways today announced plans to merge in an $11 billion deal, through which US airways shareholders would retain a 28% stake in the combined company. Read more

Berkshire Hathaway and 3G Capital have agreed to acquire H.J. Heinz Co. (NYSE: HNZ) for $28 billion (including $5 billion in assumed debt). The $72.50 per share deal represents a 20% premium to yesterday's closing price. Read more.

Cardinal Health (NYSE: CAH) has agreed to acquire AssuraMed, a Twinsburg, Ohio-based provider of medical supplies to chronic disease patients in the home, for $2.07 billion. Sellers include Clayton Dubilier & Rice and Goldman Sachs Capital Partners. CD&R and GSCP purchased the company, then known as HGI Holding, in late 2010 for a reported $850 million. www.assuramed.com

BB&T Capital Partners has sold Cline Co., a Taylors, S.C.-based maker of aftermarket power transmission solutions, to Rexnord Corp. (NYSE: RXN). No financial terms were disclosed. Quarton Partners advised Cline on the transaction.

Lynda.com, a Carpinteria, Calif.–based online learning company and video library, has acquiredVideo2Brain GmbH, an Austria–based online video training company with offerings in four languages. No financial terms were disclosed. Lynda.com recently raised $103 million in equity funding from Accel Partners, Spectrum Equity Investors and Meritech Capital Partners. www.lynda.com

SideCar, a San Francisco-based P2P ride-sharing network, has acquired Austin, Texas-based Heyridefor an undisclosed amount. SideCar has raised raised $10 million from Lightspeed Venture Partners and Google Ventures. www.rideshare.cr

Vuclip, a Milpitas, Calif.-based provider of mobile video delivery solutions, has acquired the "core assets" of Jigsee, a mobile video streaming company with offices in Canada and India. No financial terms were disclosed. Vuclip has raised around $27 million in VC funding, from JAFCO Ventures, New Enterprise Associates and SingTel Innov8. Jigsee backers included Sequoia Capital India.www.vuclip.com

Standard Life (LSE: SL) is in talks to buy the wealth management unit of Newton Investment Management for upwards of $140 million, according to The Telegraph. www.standardlife.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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