Term Sheet

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

M&A and IPOs

October 24, 2013: 10:28 AM ET

McKesson Corp. (NYSE: MCK) has agreed to buy German drug distribution company Celesio (DB: CLS1) for approximately $8.3 billion, including debt, or €23 per share. www.celesio.com

Microsoft (Nasdaq: MSFT) has acquired APIphany, a Washington, D.C.–based API management delivery platform.  No financial terms were disclosed. J. Moore Partners managed the process.www.apiphany.com

PROS Holdings Inc.
 (NYSE: PRO) has agreed to acquire Cameleon Software (Paris: CAM), a French provider of configure price quote software. The deal is valued at approximately €24 million.www.cameleon-software.com

R. R. Donnelley & Sons Co.
 (Nasdaq: RRD) has agreed to acquire Houston-based commercial printing company Consolidated Graphics Inc. (NYSE: CGX) for around $620 million in cash and stock. The deal works out to around $62 per share for Consolidated Graphics, representing a 2.1% premium over Tuesday's closing price. www.cgx.com

Hong Kong Aircraft Engineering Co. (HK: 44) has agreed to acquire TIMCO Aviation Services, a Greensboro, N.C.–based provider of aviation maintenance, repair and overhaul (MRO) services, fromOwl Creek Asset Management. The deal is valued at approximately $388.8 million. www.timco.aero

NetSuite Inc. (NYSE: N) has agreed to acquire TribeHR, a Waterloo, Ontario-based provider of a social HR platform. No financial terms were disclosed. TribeHR backers include Matrix Partners andRelay Ventureswww.tribehr.com

Mavenir Systems, a Richardson, Texas-based provider of mobile infrastructure solutions for LTE operators, has set its IPO terms to 4.8 million shares being offered at between $15 and $17 per share. It plans to trade on the NYSE under ticker symbol MVNR, with Morgan Stanley, BoA Merrill Lynch and Deutsche Bank serving as lead underwriters. The company reports an $8 million net loss on $48 million in revenue for the first half of 2013, compared to a $5.65 million net loss on $40 million in revenue for the year-earlier period. It has raised around $105 million in VC funding, from firms like North Bridge Venture Partners (24.5% pre-IPO stake), Austin Ventures (23.1%), Alloy Ventures (17.1%), August Capital (16.3%), Cisco Systems (10.9%), Cross Creek Capital and Greenspring Associates.www.mavenir.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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