Term Sheet

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

M&A and IPOs

October 9, 2013: 10:38 AM ET

GTCR has agreed to sell Six3 Systems Inc., a McLean, Va.–based provider of national security and defense intelligence services, to CACI International Inc. (NYSE: CACI) for $820 million.www.six3systems.com

Alloy Digital, a New York-based operator of youth-focused websites and television channels, has agreed to merge with Break Media, a Los Angeles-based operator of men's websites. The 50/50 merger will create a new company named Defy Media, which is expected to have more than $100 million in annual revenue. Alloy Digital has raised VC funding from ABS Capital Partners, Zelnick Media and Fuse Capital. Break Media backers include Lions Gate Entertainment. www.breakmedia.com

Goldman Sachs has acquired a 50% stake in British auto insurance company Hastings, at an enterprise value of £700 million. www.goldmansachs.com

Jos A. Bank Clothiers (Nasdaq: JOSB) has held talks with Men's Wearhouse Inc. (NYSE: MW) about a potential merger, according to the WSJ. Jos. A. Bank has a market cap of nearly $1.2 billion, while Men's Wearhouse has a market cap of nearly $1.7 billion. www.josbank.com

Nestle has hired Goldman Sachs to find a buyer for its Jenny Craig weight loss business, according to Reuters. No word on asking price, although Nestle paid $600 million to acquire Jenny Craig in 2006 from a pair of private equity firms. www.jennycraig.com

SolarCity Corp. (Nasdaq: SCTY) has agreed to acquire Zep Solar, a San Rafael, Calif.-based provider of mounting hardware for residential solar panels, for around $158 million in stock. www.solarcity.com

Apollo Global Management is seeking a buyer for the professional business of McGraw-Hill Education, which it acquired earlier this year, according to Dow Jones.

Energy Capital Partners has agreed to sell its Odessa power plant, a 1,055-megawatt plant in Texas, to a unit of Koch Energy Services. No financial terms were disclosed.

Genesys, a provider of customer engagement and contact center solutions,, has agreed to acquireEchopass Corp., a Pleasanton, Calif.-based provider of IP-based call and contact center solutions. No financial terms were disclosed. Echopass investors include New Enterprise Associates, Canaan Partners and Columbia Partners Private Capital. www.echopass.com

Lionbridge Technologies Inc. (Nasdaq: LIOX) has acquired E5 Systems, a Sterling, Va.–based provider of application development and testing solutions. No financial terms were disclosed. Sellers include Bain Capital Ventures and G-51 Capital Management. www.e5systems.com

LDR Holding Corp., an Austin, Texas-based developer of surgical technologies for the treatment of patients suffering from spine disorders, raised $75 million in its IPO. The company priced 5 million shares at $15 per share (middle of $14-$16 range), and will trade on the Nasdaq under ticker symbol LDRH. Piper Jaffray and William Blair served as co-lead underwriters. The company reports a $4.8 million net loss on around $52 million in revenue for the first six months of 2013, compared to a $4.2 million net loss on $38 million in revenue for the year-earlier period. Shareholders include Austin Ventures, Telegraph Hill Partners and PTV Sciences. www.ldrmedical.com

SFX Entertainment Inc., a New York-based producer of live events and entertainment content focused exclusively on the electronic music culture, raised $260 million in its IPO. The company priced 20 million shares at $13 per share, compared to plans to offer 16.67 million shares at between $11 and $13. It will trade on the NYSE under ticker symbol SFXE, while UBS, Barclays and Jefferies servedas lead underwriters. SFX Entertainment is controlled by founder Robert Sillerman, while Och-Ziff Capital and ID&T Holdings each hold minority positions.

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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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