Term Sheet

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

M&A and IPOs

August 7, 2013: 1:08 PM ET

The Blackstone Group has hired J.P. Morgan and Morgan Stanley to advise on a possible sale of budget hotel chain La Quinta, according to multiple press reports. The Wall St. Journal reports that Blackstone currently values La Quinta at around $4.5 billion (including debt), compared to a $2.3 billion purchase price in 2005. www.blackstone.com

Computer Sciences Corp. (NYSE: CSC) has acquired Infochimps, an Austin, Texas-based marketplace for lists and other data sets. No financial terms were disclosed. Infochimps had raised VC funding from ff Venture Capital, Karmel Capital, Mercury Fund and Stage One Capital.www.infochimps.com

First Solar Inc. (Nasdaq: FSLR) has acquired a 1.5 GW pipeline of U.S. and Mexico development assets from Element Power, a portfolio company of Hudson Clean Energy Partners. No financial terms were disclosed. www.elpower.com

Lloyds Development Capital has sold Avelo, a UK-based provider of wealth management and financial planning sales software for financial institutions, to IRESS Ltd. (ASX: IRE). No financial terms were disclosed, but Dow Jones reports that LDC booked a 2x cash-on-cash return. www.avelo.com

Nice Systems (Tel Aviv: NICE) has agreed to acquire Causata, a San Francisco-based provider of customer experience management software. No financial terms were disclosed. Causata had raised over $15 million in VC funding from Accel Partnerswww.nice.com

Beijing Automotive Group Co Ltd., a state-owned vehicle manufacturer, has agreed to acquire smaller Chinese automaker Zhenjiang Automobile for an undisclosed amount. www.baihc.com

On Telecom
, a Brazilian telecom startup that offers residential and commercial connections over 4G, said that it has secured at least $150 million in equity financing from a fund affiliated with George Soros. The deal would give the Soros fund a majority equity stake in On Telecom.

Wal-Mart
 (NYSE: WMT) is considering a bid for Hong Kong supermarket chain ParknShop, according to Reuters. Hutchison Whampoa, a listed Hong Kong conglomerate owned by Li Ka-shing, has set an August 16 deadline for first-round bids. www.hutchison-whampoa.com

Yue Xiu Group, a trading arm of China's Guangzhou city government, is considering a bid for Hong Kong-based lender Chong Hing Bank Ltd., according to Bloomberg. Family-owned Chong Hing Bank

ZOZI
, a San Francisco-based provider of discovery and booking services for unusual local activities and travel experiences, has acquired TripFlavor, a SaaS real-time reservation system for tours and activities. No financial terms were disclosed. Zozi has raised more than $10 million in funding from such firms as Forerunner Ventures, Par Capital Partners, LaunchCapital, the Pritzker/Vlock Family Office and 500Startups. www.zozi.com

YuMe Inc., a Redwood City, Calif.-based operating system for Internet-enabled televisions, raised around $46 million in its IPO. The company price 5.1 million shares at $9 per share, compared to plans to offer 5 million shares at between $12 and $14 per share. It will trade on the NYSE under ticker symbol YUME, with Citigroup and Deutsche Bank serving as lead underwriters. The company reports $6.2 million in net income on nearly $117 million in revenue for 2012, and has raised over $70 million in VC funding from firms like Khosla Ventures (19.6% pre-IPO stake), Accel Partners (18.7%), DAG Ventures (12%), Menlo Ventures (9.3%), BV Capital (7.2%), Samsung and Translink Capital. www.yume.com

http://finance.fortune.cnn.com/2013/08/07/why-did-aol-buy-adap-tv-now/

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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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