Term Sheet

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

Mergers & acquisitions

May 3, 2013: 10:49 AM ET

Diamond Castle Partners has completed its previously-announced sale of Managed Health Care Associates Inc., a Florham Park, N.J.-based provider of services and solutions for alternate site healthcare providers, to Roper Industries Inc. (NYSE: ROP). The deal was valued at approximately $1 billion in cash. www.mhainc.com

Forstmann Little & Co. has hired Morgan Stanley and Evercore Partners to find a buyer for talent agency IMG Worldwide Inc., according to Bloomberg. The deal is expected to be worth upwards of $2 billion. www.imgworld.com

Kellwood Co., an apparel maker owned by Sun Capital Partners, is looking to sell yoga apparel brand Zobha, according to peHUB.

Permira 
is selling 7 million additional shares in listed German fashion house Hugo Boss, which would cut its stake down to around 56%. The deal is expected to generate around €630 million.www.permira.com

TripAdvisor (Nasdaq: TRIP) has acquired "key technology and talent" from CruiseWise Inc., a San Francisco–based online cruise booking agency. No financial terms were disclosed. CruiseWise had raised seed funding from SV Angel, Index Ventures, PROfounders Capital and New Enterprise Associates. www.tripadvisor.com

Group Commerce Inc., a New York-based e-commerce platform for publishers, has merged withNimbleCommerce, a Santa Clara, Calif.–based offers and and distribution network. No financial terms were disclosed. The combined company will operate under the NimbleCommerce brand. Group Commerce had raised nearly $40 million from Carmel Ventures, Spark Capital and Jafco Ventures. NimbleCommerce backers include Agility Capital. www.nimblecommerce.com

The Qatar Foundation Endowment
 has acquired a 5% stake in listed Indian telecom companyBharti Airtel for approximately $1.26 billion. www.airtel.in

Temasek is in talks to acquire around a $500 million stake in UK financial data provider Markit, according to the FT. www.markit.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.