Term Sheet

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

M&A and IPOs

October 1, 2013: 10:50 AM ET

Apollo Tyres Ltd., a listed Indian tire-maker, has agreed to acquire Cooper Tire & Rubber Co.(NYSE: CTB) shareholders have approved a $2.5 billion, or $35 per share, buyout by India-listed Apollo Tyres Ltd. www.coopertire.com

Assurant Inc. (NYSE: AIZ) has acquired the field asset services business of FirstService Corp.(Nasdaq: FSRV) for $55 million in cash. www.assurant.com

Nielsen Holdings NV (NYSE: NLSN) has completed its previously-announced $1.26 billion acquisition of Arbitron Inc. (NYSE: ARB). Major Nielsen shareholders include The Blackstone Group, THL Partners, The Carlyle Group, KKR and Hellman & Friedman. www.nielsen.com

Astronics Corp. (Nasdaq: ATRO) has acquired certain assets and liabilities of AeroSat Corp., an Amhest, N.H.-based provider of aircraft antenna systems, for upwards of $32 million (including a $12m up-front cash payment). AeroSat shareholders include CAI, NextLevel Venture Partners, PAR Capital Management and AeroEquity. www.astronics.com

Choose Energy
, a Plano, Texas-based company that helps educate consumers on their options for residential electricity, has acquired Power2Switch, a Chicago-based online comparison engine for energy rates and an automated process for switching to a new electricity supplier. No financial terms were disclosed. Choose Energy is a portfolio company of Kleiner Perkins Caufield & Byers and Stephens Capital Partners, while Power2Switch was seeded by OCA Ventures, Hyde Park Angels, New World Ventures and I2A. www.power2switch.com

Experian PLC (LSE: EXPN) has agreed to acquire The 41st Parameter, a Scottsdale, Ariz.–based provider of device recognition solutions for fraud prevention and online audience identification. The deal is valued at $324 million. The 41st Parameter has raised around $38 million in VC funding, from Kleiner Perkins Caufield & Byers, Georgian Partners, Northwest Venture Partners and Jafco Ventures.www.the41.com

TellApart, a Burlingame, Calif.–based provider of personalized marketing solutions for omnichannel commerce, has acquired AdStack, a San Francisco–based provider of email marketing optimization solutions. No financial terms were disclosed. TellApart has raised over $17 million in VC funding from firms like Greylock Partners and Bain Capital Ventures, while AdStack was seeded by Harrison Metal Capital. www.tellapart.com

Antero Resources, a Denver-based oil and gas exploration and production company controlled byWarburg Pincus, has set its IPO terms to 30 million shares being offered at between $38 and $42 per share. It plans to trade on the NYSE under ticker symbol AR, with Barclays, JPMorgan and Citigroup serving as lead underwriters. www.anteroresources.com

The Container Store Inc., a Coppell, Texas-based retailer owned by Leonard Green & Partners, has filed for a $200 million IPO. It plans to trade on the NYSE under ticker symbol TCS, with J.P. Morgan, Barclays and Credit Suisse serving as lead underwriters. The company reports $30 million of net income on $707 million in revenue for the fiscal year ending March 2, 2013.www.containerstore.com

Fate Therapeutics, a San Diego-based stem cell biotech company focused on cellfate control, has amended its IPO terms to 6.67 million shares being offered at between $6 and $8 per share, compared to earlier plans to offer 4 million shares at between $14 and $16 per share. It will trade on the Nasdaq under ticker symbol FATE, with Cowen & Co. and BMO Capital Markets serving as lead underwriters. The company reports a $9.1 million net loss on $762,000 in revenue for the first half of 2013. The company has raised over $42 million in VC funding from ARCH Venture Partners (16.8% pre-IPO stake), Polaris Partners (16.8%), Venrock (16.8%) and OVP Venture Partners (15.4%).www.fatetherapeutics.com

Poundland
, a British single-price discount retailer backed by Warburg Pincus, is considering a floatation for the first half of 2014, according to Reuters. www.poundland.co.uk

Qunar, a Chinese travel search engine, has filed for a $125 million IPO. It plans to trade on the NYSE under ticker symbol QUNR, with Goldman Sachs (Asia) and Deutsche Bank Securities serving as co-lead underwriters. The company reports a $2.8 million net loss on $58 million in revenue for the first half of 2013. Shareholders include Baidu (61.05% pre-IPO stake), GSR Ventures (6.27%) and Hillhouse Capital. www.qunar.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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