Term Sheet

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

M&A and IPOs

October 29, 2013: 10:25 AM ET

CVSL Inc. (OTC BB: CVSL) has offered to acquire Greenwich, Conn.-based direct-to-consumer marketing company Blyth Inc. (NYSE: BTH) for approximately $268 million, or $16.75 per share (8.06% premium to yesterday's closing price), according to Bloomberg. www.blythinc.com

China National Petroleum Corp. is in talks to acquire the Peruvian assets of Brazil-basedPetrobras for more than $2 billion, according to the NY Times. www.petrobras.com.br

The Mosaic Co. (NYSE: MOS) has agreed to acquire the phosphate business of CF Industries Inc.(NYSE: CF) for $1.2 billion in cash, plus $200 million to fund CF Industries' asset retirement obligation escrow. www.mosaicco.com

Vivendi
 (Paris: VIV) has agreed to acquire Lagardere's (Paris: MMB) 20% stake in Canal+ Francefor €1.02 billion, thus giving it complete control of the French pay-tv operator. www.vivendi.com

Cinven is interviewing bankers to manage a sale process for British pizza chain operator Gondola Holdings (a.k.a. PizzaExpress), according to The Guardian. www.pizzaexpress.com

Dubai International Capital is planning to sell its 18% stake in luxury retailer Rivoli Group to Saudi-based Al Rajhi Capital, according to Reuters. www.rivoligroup.com

Illumina Inc. (Nasdaq: ILMN) has agreed to acquire NextBio, a Santa Clara, Calif.-based provider of clinical and genomic informatics. No financial terms were disclosed. NextBio shareholders includeAmidzad Partners and Newbury Ventureswww.illumina.com

LDC has sold JCC Lighting, a UK-based provider of commercial lighting products, to Melville, N.Y.-based Leviton. No financial terms were disclosed. www.leviton.com

Water Street Healthcare Partners has sold AAIPharma Services Corp., a Wilmington, N.C.–based provider of outsourced pharmaceutical services, to Germantown, Md.-based Cambridge Major Laboratories Inc. No financial terms were disclosed. www.aaipharma.com

WellTok Inc., a Denver-based developer of a social health management platform, has acquiredIncentOne, a Newport Beach, Calif.–based provider of healthcare incentive design and management solutions. No financial terms were disclosed. WellTok recently raised $18.7 million in Series B funding from Emergence Capital Partners, InterWest Partners and New Enterprise Associates. Sellers includeCamden Partnerswww.welltok.com

Criteo, a Paris-based display advertising company, has increased its IPO price range from $23-$26 per share to $27-$29 per share. It still plans to offer 7.2 million American depository shares, and would have an initial market cap of around $1.52 billion, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol CRTO, with J.P. Morgan, Deutsche Bank Securities and Jefferies serving as lead underwriters. It reports a $6.4 million net loss on nearly $253 million in revenue for the first six months of 2013. Shareholders include Index Ventures (24.3% pre-IPO stake), Idinvest Partners (22.6%), Elaia Partners (13.5%), Bessemer Venture Partners (9.5%) and Softbank Capital. www.criteo.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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