Mergers & acquisitions

Feb 20, 2013

Total System Services Inc. (NYSE: TSS) has agreed to acquire NetSpend Holdings Inc. (Nasdaq: NTSP), an Austin, Texas-based provider of reloadable prepaid debit cards. The deal is valued at approximately $1.4 billion in cash, or $16 per share (26% premium to last Friday’s closing price).

Iconix Brand Group Inc. (Nasdaq: ICON) has acquired Lee Cooper, a UK-based denim label, for $72 million in cash. Sellers include Sun Capital Partners, The 180 Group and Emerisque Capital.

Countrywide PLC, a British real estate firm, is planning a London IPO, according to the FT. Backers include Alchemy Partners, Apollo Global Management, Oaktree Capital and Polygon Investment Partners.

CVC Capital Partners is considering a Singapore IPO this year for Formula One Group, after having canceled a $2.5 billion flotation in 2012, according to the WSJ.

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