Term Sheet

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

Private equity deals

June 18, 2013: 10:34 AM ET

Apollo Global Management has offered to acquire the Canadian iron ore business of Rio Tinto Group PLC (LSE: RIO), according to Bloomberg. A deal could be worth $2 billion and $3.5 billion from the sale. www.riotinto.com

AXA Private Equity
 has agreed to acquire Trescal, a France-based provider of calibration and measurement services, from 3i Group and TCR Capital for approximately €250 million.www.trescal.com

BC Partners
 has agreed in principle to buy German academic publisher Springer Science+Business Media from EQT Partners and GIC Special Investments for around €3.1 billion, according to Dow Jones. www.springer.com

Denham Capi
tal has committed $100 million to the formation of Endeavor Energy, which will invest in thermal and hydroelectric power projects in Africa. www.endeavor-energy.com

 has acquired a 38% stake in Al Yusr Industrial Contracting Co., a Saudi Arabia-based gas and oil services company. No financial terms were disclosed. www.investcorp.com

Johnson Controls Inc.
 (NYSE: JCI) is seeking a private equity buyer for its automotive electronics unit, according to Reuters. The deal could be valued at approximately $1 billion.www.johnsoncontrols.com

Paragon Partners has agreed to acquire a majority stake in KADI AG, a Swiss producer of frozen food, from ECM Equity Capital Management. No financial terms were disclosed for the deal, following which KADI management will retain a minority equity position. www.kadi.ch

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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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