Term Sheet

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

M&A and IPOs

July 16, 2013: 1:30 PM ET

Abbott Labs (NYSE: ABT) has agreed to acquire IDEV Technologies, a developer of a stent system for treating blockages in blood vessels due to peripheral artery disease. The deal is valued at $310 million net of cash and debt. IDEV had raised more than $90 million in VC funding, from PTV Sciences, Bay City Capital, RiverVest Venture Partners, PJC Capital and Heron Capital. www.indevmd.com

Apple Inc.
 (Nasdaq: AAPL) is in talks to acquire PrimeSense, an Israeli developer of 3D machine vision technologies for digital devices, according to Calcalist. No financial terms were reported. PrimeSense has raised around $85 million in VC funding from Canaan Partners, Gemini Israel Funds, Genesis Partners, Kreos Capital and Silver Lake. www.primesense.com

Cinven is in talks with creditors of portfolio company Frans Bonhomme, a French manufacturer of plastic tubing, in an attempt to restructure the company's €600 million debt load, according to Private Equity International. One possible outcome is a debt-for-equity swap. www.cinven.com

Baidu (Nasdaq: BIDU) is planning to acquire Chinese Android app developer 91 Wireless fromNetDragon Websoft (HK: 777) for approximately $1.9 billion. www.baidu.com

Bally Technologies (NYSE: BYI) has agreed to acquire Las Vegas-based casino gaming equipment maker SHFL Entertainment Inc. (NYSE: SHFL). The deal is valued at around $1.3 billion in cash, ort $23.25 per share (24% premium to yesterday's closing price). www.shufflemaster.com

Privateer Holdings Inc., a new investment firm focused on companies in the cannabis industry, has raised $7 million in funding from unidentified high net worth individual investors and family offices.www.privateerholdings.com

VMware Inc. (NYSE: VMW) has sold the assets of Zimbra, a provider of enterprise email and collaboration software, to Telligent Systems, a Dallas-based provider of community applications and social intelligence software solutions. No financial terms were disclosed. VMWare had purchased Zimbra from Yahoo in 2010 for $100 million in cash. Telligent shareholders include Intel Capital.www.zimbra.com

Fireman Capital Partners and Webster Capital have agreed to sell Hudson Clothing Holdings Inc., a Los Angeles-based designer and marketer of men's and women's branded jeans, to Joe's Jeans Inc. (Nasdaq: JOEZ). The deal is valued at approximately $97.6 million, to be paid in cash and convertible notes. Ww.hudsonjeans.com

Madison Dearborn Partners is planning to sell between 10 million and 11.5 million shares of Boise Cascade LLC (NYSE: BCC), a Boise, Idaho-based maker of engineered wood products, via a public offering. Boise Cascade went public earlier this year at $21 per share, and closed trading last Friday at $28.16 per share. If Madison Dearborn sells all 11.5 million shares, its ownership stake would fall from 68.7% to 42.1%. www.bc.com

SAIF Partners has agreed to sell Reservoir Group, a Scottish provider of oil and gas well analytics, to Australia's ALS Ltd. (ASX: ALQ) for US$533 million. www.reservoir-group.com

Associated Materials Inc., a Cuyahoga Falls, Ohio-based manufacturer and distributor of exterior residential building products in North America, has filed for a $100 million IPO. Goldman Sachs, Barclays and UBS are serving as lead underwriters. The company reports a $38 million net loss on $1.14 billion in sales for fiscal 2012. It is owned by Hellman & Friedman.www.associatedmaterials.com

Coskata Inc., a Warrenville, Ill.-based developer of technologies for processing biorefuse into ethanol, has withdrawn registration for a $100 million IPO, due to "market conditions." It had planned to trade on the Nasdaq, with Citigroup, Barclays Capital and Piper Jaffray serving as co-lead underwriters. The company has raised over $80 million in VC funding, from firms like Khosla Ventures (27.7% pre-IPO stake), Blackstone Group (20.24%), Advanced Technology Ventures (17.68%), GreatPoint Ventures (15.63%), Total SA (5.61%), Globespan Capital Partners and General Motors. www.coskata.com

Third Point Reinsurance, a Bermuda-based specialty property and casualty reinsurer, has filed for a $250 million IPO. It plans to trade on the NYSE under ticker symbol TPRE, with J.P. Morgan, Credit Suisse and Morgan Stanley serving as co-lead underwriters. Backers include Kelso & Co., Pine Brook Road Partners and Dan Loeb. www.thirdpointre.bm

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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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