Term Sheet

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

M&A

February 22, 2013: 10:34 AM ET

3i Group has sold Enterprise Group, a UK-based provider of infrastructure maintenance support services for the public sector and utilities markets, to Spain's Ferrovial for £385 million. 3i led a £486 million buyout of Enterprise in 2007, but later was forced to write off its entire £200 million equity investment after the company was unable to meet its debt obligations. www.3i.com

Advent International is seeking a buyer for Domestic & General, a UK-based provider of warranty and product protection services, according to Sky News. Goldman Sachs is managing the process. Advent acquired D&G in 2007 for £524 million. www.adventinternational.com

CNBC has agreed to acquire the rights to public television series Nightly Business Report from Atalaya Capital Management for an undisclosed amount. www.cnbc.com

Goldman Sachs has sold a 75% stake in Bermuda-based reinsurance company Ariel Re to undisclosed investors, according to the FT. It will retain a 25% position. No financial terms were disclosed, but Goldman is said to have been seeking $1 billion. www.gs.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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