Term Sheet

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

Private equity deals

March 6, 2013: 11:51 AM ET

AUA Private Equity Partners has acquired Associated Foods Holdings, in partnership with company management. Associated is a distributor of grocery products to branded independent (predominately Hispanic owned) retail supermarkets in the New York metropolitan area. No financial terms were disclosed. www.auaequity.com

Compuware Corp. (Nasdaq: CPWR) is pitching itself as a takeover target to private equity firms, according to Bloomberg. The Dallas-based software company recently rejected a $2.3 billion buyout offer from hedge fund Elliott Management, but soon is expecting bids from firms that could include Apax Partners, Hellman & Friedman, Golden Gate Capital and Thoma Bravo. www.compuware.com

Health & Safety Institute, a Eugene, Ore.-based for-profit emergency care and response training organization, has raised an undisclosed amount of private equity funding from DW Healthcare Partners.www.hsi.com.

Life Technologies (Nasdaq: LIFE), a maker of DNA- sequencing equipment and lab materials, may soon receive a buyout offer from an investor consortium that includes The Blackstone GroupThe Carlyle GroupTPG Capital and Temasek Holdings, according to Reuters. Life has a current market cap of approximately $10.5 billion. www.lifetechnologies.com

Morgan Stanley Private Equity Asia has an agreement in place to acquire Feihe International (NYSE: ADY), a Beijing-based maker of infant formula and milk powder. The deal is valued at $147 million, or $7.40 per share (21% premium over October 2, 2012 price – which is when Feihe announced receipt of the offer). www.ady.feihe.com

Sohu.com Inc. (Nasdaq: OSHU) is publicly denying a South China Morning Post report that it is talking with investment banks and private equity funds about a possible take-private acquisition. www.sohu.com

Sun Capital Partners has purchased British bedding retailer Dreams PLC, via a pre-packaged bankruptcy agreement. Exponent Private Equity and AXA Private Equity had acquired Dreams from the company's founder for more than £200 million in 2008. www.dreams.co.uk

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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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