Term Sheet

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

Mergers & acquisitions

March 8, 2013: 10:38 AM ET

Bharti Airtel Ltd. (BSE: 532454) of India is seeking to sell up to a quarter of its satellite TV services unit, according to Reuters. It would be seeking just north of $1 billion, and has held talks with both private equity firms and Liberty Global. www.airtel.in

Gafisa SA
, a listed Brazilian homebuilder, is in talks to sell its Alphaville Urbanismo unit for more than $900 million, according to local news reports. Suitors reportedly include Hemisfério Sul Investimentos and Sam Zell's Equity International. www.gafisa.com.br

Omega Protein Corp. (NYSE: OME) has acquired Wisconsin Specialty Protein LLC, a Madison, Wisc.–based manufacturer of specialty whey protein products. No financial terms were disclosed.www.teraswhey.com

Bridgepoint has retained Morgan Stanley to explore its exit options for Finland-based healthcare services company Terveystalo, according to Reuters. Bridgepoint acquired Terveystalo in 2009 for €308 million. www.terveystalo.com

HCI Equity Partners has sold Total Quality Inc., a Grand Haven, Mich.–based maker of temperature-controlled transportation and logistics services for the pharma and life sciences market, to Forward Air Corp. (Nasdaq: FWRD). No financial terms were disclosed. The process was managed by Harris Williams & Co. www.shiptqi.com

JDSU (Nasdaq: JDSU) has acquired Arieso, a UK-based provider of location-aware networking software for mobile carriers. The deal was valued at $85 million in cash. Arieso had raised VC funding from Carbon Trust, Oxford Capital Partners, Add Partners and Qualcomm Ventures. www.arieso.com

NGP Energy Technology Partners has sold Managed Pressure Operations International Ltd., a global oilfield services company, to Aker Solutions (Oslo: AKSO) for an undisclosed amount. Tudor, Pickering, Holt & Co. managed the process. www.managed-pressure.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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