Term Sheet

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

M&A and IPOs

May 6, 2013: 10:17 AM ET

McAfee Inc., a unit of Intel Corp. (Nasdaq: INTC), has agreed to acquire Stonesoft (Helsinki: SFT1V), a Finnish provider of network firewall products, at an equity value of approximately $389 million in cash. www.mcafee.com

Newell Rubbermaid
(NYSE: NWL) said that it plans to sell its hardware and tech platform businesses, which had combined 2012 net sales of slightly more than $300 million. www.newellrubbermaid.com

Roland Berger, a Germany-based financial consultancy, has entered into takeover talks with Deloitte, PricewaterhouseCooper and Ernst & Young, according to Reuters. www.rolandberger.com

The Jordan Co. has agreed to sell Reinhold Holdings Inc., a Santa Fe, N.M.-based maker of custom composite components and composite assemblies for the aerospace and defense markets, to HEILCO Corp. (NYSE: HEI). No financial terms were disclosed. www.thejordancompany.com

TPG Capital this week is expected to begin meeting with prospective buyers for Chinese leasing company UniTrust Finance & Leasing Corp., according to the WSJ. A sale could be valued at more than $800 million. www.utfinancing.com

Claire's Inc., a Hoffman Estates, Ill.-based retailer of jewelry for teens, has filed for a $100 million IPO. It plans to trade on the NYSE under ticker symbol CLRS. No underwriters were listed. The company reports $6.2 million in net income on around $1.5 billion in revenue for the fiscal year ending Feb. 2. Apollo Global Management took Claire's private in 2007 for approximately $3 billion. www.clairestores.com

Heat Biologics Inc., a Chapel Hill, N.C.-based developer of OTC cellular therapeutic vaccines, has filed for a $19 million IPO. It plans to trade on the Nasdaq under ticker symbol HEAX, with Aegis Capital Corp. serving as sole underwriter. The company reports a $20 million net loss on $3 million in revenue for 2012. Shareholders include Brightline Ventures (19.6% pre-IPO stake). www.heatbio.com
Marketo, a San Mateo, Calif.-based provider of revenue performance management solutions, has set its IPO terms to nearly 6.1 million shares being offered at between $11 and $13 per share. It would have an initial market cap of approximately $429 million, were it to price in the middle of its range. Marketo plans to trade on the Nasdaq under ticker symbol MKTO, with Goldman Sachs and Credit Suisse serving as lead underwriters. The company reports a $34 million net loss on around $58 million in revenue for 2012, compared to a $32 million net loss on $22 million in revenue for 2011. It has raised nearly $100 million in VC funding from InterWest Partners (35.5% pre-IPO stake), Storm Ventures (17.5%), Mayfield Fund (14.3%), Institutional Venture Partners (12.9%) and Battery Ventures (7.3%). www.marketo.com

Tableau Software Inc., a Seattle-based provider of big data analytic and visualization tools, has set its IPO terms to 7.2 million Class A shares being offered at between $23 and $26 per share. It plans to trade on the NYSE under ticker symbol DATA, with Goldman Sachs and Morgan Stanley serving as lead underwriters. The company reports $1.6 million in net income on around $128 million in revenue for 2012, compared to $3.4 million in net income on $62 million in 2011 revenue. Tableau has raised $15 million in VC funding, from New Enterprise Associates (37.86% pre-IPO stake) and Meritech Capital Partners (6.41%). NEA plans to sell one million shares in the offering. www.tableausoftware.com

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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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