Term Sheet

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

Private equity deals

March 25, 2013: 9:43 AM ET

Apollo Global Management has agreed to acquire FinanMadrid, the auto and consumer loan unit of Bankia SA. No financial terms were disclosed. www.agm.com

FountainVest Partners
has agreed to acquire LJ International Inc. (Nasdaq: JADE), a colored gemstone and diamond retailer based in the British Virgin Islands, for approximately $60 million, or $2 per share. Company management also is participating. www.ljintl.com

Gordon Brothers Europe has agreed to buy the UK arm of Blockbuster Inc., which had entered administration earlier this year. www.gordonbrotherseurope.com

Kelso & Co. has agreed to acquire Montreal-based lumber company EACOM Timber Corp. (TSX: ETR) for approximately C$182 million, or C$0.38 per share (46.2% premium to Thursday's closing share price). www.eacom.ca

Platinum Equity has agreed to acquire the U.S. and Canadian assets and operations of Checkpoint Systems Inc. (NYSE: CKP), a Thorofare, N.J.-based provider of loss prevention, inventory management and labeling solutions to the retail and apparel industry. No financial terms were disclosed for the deal, which is expected to close next month. www.checkpointsystems.com

Rhone Capital has agreed to acquire the Bakery Supplies business of CSM NV (Amsterdam: CSM) at an enterprise value of €1.05 billion. www.csm.nl

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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.

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