Term Sheet

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

Mergers & acquisitions

March 15, 2013: 11:13 AM ET

Target Corp. (NYSE: TGT) has agreed to acquire the assets of Cooking.com, a Marina del Rey, Calif.-based ecommerce company focused on the cooking space. No financial terms were disclosed. Cooking.com shareholders include Azure Capital Partners and BIA Digital Partners. In a separate transaction, Target has agreed to acquire Chefs Catalog, a Colorado Springs-based catalog and online retailer of kitchen products, from JH Partnerswww.target.com

Complex Media Network, a digital publication network aimed at men, has acquired Sole Collector, a website and magazine devoted to content about sneakers. No financial terms were disclosed. Complex Media is backed by Accel Partners and Austin Ventures. www.complexmedianetwork.com

Hostess Brands has agreed to sell its Drake's snack cake business to McKee Foods Corp. for $27.5 million. www.mckeefoods.com

Medigus Ltd. (TASE: MDGS), an Israeli endoscopic medical device company, has sold $8 million worth of ordinary shares to an affiliate of OrbiMed Advisorswww.medigus.com

Phil Anschutz has abandoned his plans to sell sports and live entertainment group Anschutz Entertainment Group, for which he originally had been seeking at least $10 billion. Blackstone Advisory Partners had been managing the process.

Kinderhook Industries has sold the parent company of Absorption Corp., a Ferndale, Wash.-based maker of organic fiber products primarily used for small-animal bedding and litter, to German chemicals company J. Rettenmaier & Söhne Group. No financial terms were disclosed, except that Kinderhook booked a 2.4x return on invested capital. www.absorptioncorp.com

SoftLayer Technologies
, a Dallas-based provider of on-demand data services, has hired Morgan Stanley and Credit Suisse to explore a possible sale of the company, according to Reuters. The deal could be valued at over $2 billion, with both EMC and IBM reported to have interest. SoftLayer is controlled by GI Partnerswww.softlayer.com

Sign up for Dan's daily email newsletter on deals and deal-makers: GetTermSheet.com

Posted in:
Join the Conversation
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.

Email a Tip | @danprimack | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.