Term Sheet

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

Mergers & acquisitions

February 20, 2013: 10:05 AM ET

Total System Services Inc. (NYSE: TSS) has agreed to acquire NetSpend Holdings Inc. (Nasdaq: NTSP), an Austin, Texas-based provider of reloadable prepaid debit cards. The deal is valued at approximately $1.4 billion in cash, or $16 per share (26% premium to last Friday's closing price). www.netspend.com

Iconix Brand Group Inc. (Nasdaq: ICON) has acquired Lee Cooper, a UK-based denim label, for $72 million in cash. Sellers include Sun Capital Partners, The 180 Group and Emerisque Capital. www.iconixbrand.com

Countrywide PLC, a British real estate firm, is planning a London IPO, according to the FT. Backers include Alchemy Partners, Apollo Global Management, Oaktree Capital and Polygon Investment Partners. www.countrywide.co.uk

CVC Capital Partners is considering a Singapore IPO this year for Formula One Group, after having canceled a $2.5 billion flotation in 2012, according to the WSJ. www.formulaone.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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