Term Sheet

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

M&A and IPOs

July 2, 2013: 11:06 AM ET

AMF Bowling Worldwide Inc. and Stike Holdings (a.k.a. Bowlmor) have completed their previously-announced merger, which creates the world's largest operator of bowling centers. The new company will be jointly owned by Bowlmor and certain of AMF's second-lien lenders (including an affiliate of Cerberus Capital Management and Credit Suisse). AMF filed for Chapter 11 bankruptcy protection in May. www.amf.com

Brambles Ltd.
 (ASX: BXB), an Australian reusable pellet supplier, announced plans to spin off it's $2 billion data management unit via a flotation on the Australian Securities Exchange. www.brambles.com

Mitsubishi UFJ Financial Group
 (Tokyo: 8306) has agreed to acquire a control stake in Thailand-based Bank of Ayudhya for approximately $5.6 billion. www.mufg.jp

Pearson P
LC has completed the merger of its Penguin book publishing group with Random House, which was owned by Bertelsmann AG (which now holds a 53% stake in the combined company).www.randomhouse.com

Yahoo (Nasdaq: YHOO) has acquired Bignoggins Productions, a one-person startup that develops fantasy sports apps for the iPhone. No financial terms were disclosed. www.yahoo.com

Anacacia Capital has sold Australia-based baby food maker Rafferty's Garden to PZ Cussons PLC(LSE: PZC) for £42.2 million. Anacacia had previously tried to sell Rafferty's to blocked H.J.Heinz Co., but the deal was blocked by Australian regulators. www.raffertysgarden.com

Outerwall (f.k.a. Coinstar) has agreed to acquire EcoATM, a San Diego-based network of kiosks that allow users to trade in old mobile devices for cash, in-store credit or gift cards, for $350 million in cash (minus the 23% equity stake Outerwall already holds in the company). EcoATM had raised around $31 million in VC funding, from like Outerwall, PI Holdings, Moore Venture Partners, AKS Capital and Singapore billionaire Koh Boon Hwee. It also had secured around $40 million in venture debt.www.ecoatm.com

Levine Leichtman Capital Partners has exited its investment in Huntsville, Ala.-based Sequel Youth and Family Services LLC via a recapitalization, which includes $66 million in equity funding from Alaris Royalty Corp. (TSX: AD).  www.sequelyouthservices.com

Roche Holding has acquired Constitution Medical Investors Inc., a Boston–based developer of hematology testing systems, from Warburg Pincus. The deal includes a $220 million up-front payment, plus the possibility of earnouts. www.conmedinvestors.com

Silver Lake has agreed to sell Smart Storage Systems, a Newark, Calif.-based provider of enterprise solid state drive products and technology, to SanDisk Corp. (Nasdaq: SNDK) for approximately $307 million in cash. There also are unspecified equity-related incentives. www.smartstoragesystems.com

Control4 Corp., a Salt Lake City-based provider of automation and control solutions for the connected home, has filed for a $60 million IPO. It plans to trade on the Nasdaq under ticker symbol CTRL, with BoA Merrill Lynch and Raymond James serving as co-lead underwriters. The company reports a $3.7 million net loss on $109.5 million in revenue for 2012. Control4 has raised nearly $80 million in VC funding, from Foundation Capital (28.5% pre-IPO stake), Thomas Weisel Venture Partners (16.4%), Signal Peak Ventures (12.7%), Frazier Technology Ventures (12.3%) and Cisco Systems (10.8%).www.control4.com

Emcure Pharmaceuticals Ltd., a Pune, India-based drug company backed by The Blackstone Group, has filed for a $102 million IPO in India. www.emcure.co.in

Marrone Bio Innovations, a Davis, Calif.-based maker of bio-based pest management and plant health products, has filed for a $60 million IPO. It plans to trade on the Nasdaq under ticker symbol MBII, with Jefferies and Piper Jaffray serving as lead underwriters. The company reports a $39 million net loss on around $7 million in revenue for its fiscal 2012. Shareholders include The Contrarian Group, Mitsui & Co., One Earth Capital, Saffron Hill Ventures, Stuart Mill Venture Partners, Clean Pacific Ventures and Syngenta Ventures. www.marroneorganicinnovations.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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