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M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
June 27, 2011, 2:16 PM ET

Hoya of Japan has agreed to sell its Pentax camera unit to copier and printer maker Ricoh for a reported $124 million.

JA Solar (Nasdaq: JASO) has agreed to buy Silver Age Holdings, a producer of solar wafers in China, for around $171.5 million in stock.

Raymond James Financial (NYSE: RJF) has agreed to buy almost all the assets of Allied Irish Bank’s Canadian operations.

PAI Partners and Sodiaal have completed their sale of a 51% stake in French yogurt maker Yoplait to General Mills (NYSE: GIS), at an enterprise value of €1.6 billion. www.yoplait.com

Providence Equity Partners has sold its remaining 20 million shares, or 22% holding, in Kabel Deutschland for approximately €822 million, as first reported by Reuters. www.provequity.com

THURSDAY, JUNE 30

Oracle (Nasdaq: ORCL) has agreed to acquire Pillar Data Systems, a San Jose, Calif.–based storage technology company majority-owned by Oracle boss Larry Ellison. No financial terms were disclosed.www.oracle.com

AkzoNobel has agreed to acquire Schramm Holding (HK: 0955), a Hong Kong-based maker opf specialty plastic coatings, for €142 million.

Specific Media, an Irvine, Calif.-based online ad network, has agreed to acquire social networkMySpace from News Corp. for a reported $35 million. Entertainer Justin Timberlake is partnering on the deal with Specific, which is backed by Francisco Partners, Enterprise Partners VC and Shepherd Ventures. www.specificmedia.com

ANSYS Inc. (Nasdaq: ANSS) has agreed to acquire Apache Design Systems, a Mountain View, Calif.-based provider of power and noise integrity solutions for chip-package-systems convergence. The deal is valued at approximately $310 million in cash, including $29 of cash on Apache’s balance sheet. Apache currently is in registration for a $75 million IPO. Shareholders include Intel Capital and PacRim Capital Management. www.apache-da.com

Fiserv Inc. (Nasdaq: FISV) has agreed to acquire CashEdge Inc., a provider of consumer and business payments technologies, for $465 million. Sellers include Susquehannah Growth Equity, Stone Point Capital, RBC and Garvin Hill Capital Partners. www.fiserv.com

CA Technologies (Nasdaq CA) has agreed to acquire Interactive TKO Inc., a Plano, Texas-based provider of service simulation solutions for developing applications in composite and cloud environments. The deal is valued at $330 million in cash. Interactive TKO had raised over $7 million in VC funding from CenterPoint Ventures, Covera Ventures and Vesbridge Partners. www.itko.com

WEDNESDAY, JUNE 29

Cantor Fitzgerald has agreed to operate the racing and sports books at the Venetian and the Palazzo hotels in Las Vegas, both of which are owned by Las Vegas Sands Corp. No financial terms were disclosed.

Bain Capital has agreed to sell 9.2 million shares of Canadian discount retailer Dollarama Inc. (TSX: DOL) for approximately C$298 million to an undisclosed financial institution. Bain would still hold around 64 million shares. www.dollarama.com

Encore Consumer Capital has sold Aidells Sausage Company Inc., a maker of sausage and meatball products, to Sara Lee Corp. (NYSE: SLE). The deal was valued at $87 million, and managed by Houlihan Lokey. www.encoreconsumercapital.com

LPL Financial, a unit of LPL Investment Holdings (Nasdaq: LPLA) has completed its previously-announced acquisition of Concord Capital Partners, a Matawan, N.J.-based provider of investment management technology for trust groups of financial institutions. No financial terms were disclosed. Sellers included Hovde Private Equity. www.hovde.com

Experian (LSE: EXPN) has agreed to acquire Medical Present Value Inc., an Austin, Texas–based provider of revenue cycle management software, data and analytics to U.S. physicians. The deal is valued at $185 million in cash. MPV had raised VC funding from Rho Ventures, CenterPoint Ventures, Star Ventures and Care Capital. www.mpv.com

Telephone and Data Systems Inc., (NYSE: TDS) has agreed to acquire OneNeck IT Services, a Scottsdale, Ariz.-based provider of hosted application management and managed IT hosting services to middle market businesses. The deal is valued at $95 million. Sellers include WestView Capital Partners. www.teldta.com

TUESDAY, JUNE 28

Scientific Conservation Inc., a San Francisco-based provider of predictive diagnostics and analytics for energy efficiency, has agreed to acquire energy management and demand response company Servidyne Inc. (Nasddaq: SERV). The deal is valued at around $13 million in cash, or $3.50 per share. Scientific Conservation has raised around $28 million in VC funding from firms like DFJ, Intel Capital, GE, Triangle Peak Partners and Westly Group. www.scientificconservation.com

Southern Union (NYSE: SUG) said it will hold merger discussions with the Williams Cos. (NYSE: WMB), despite an attempt by rival bidder Energy Transfer Equity (NYSE: ETE) to block the talks.

MONDAY, JUNE 27

S1 Corp. (Nasdaq: SONE) has agreed to acquire Israeli transaction banking solutions company Fundtech Ltd. (Nasdaq: FNDT) for approximately $700 million, or $2.72 per share in S1 stock. www.s1.com

Innovation Network Corp., a Jamapese public-private investment partnership, has agreed to buy a 40% interest in Swiss meter maker Landis+Gyr for 57.3 billion yen ($711.4 million).

Stanley Black & Decker (NYSE: SWK) has offered to acquire Swedish security company Niscayah for approximately $1 billion in cash. This comes just says after Stanley Black & Decker lost out on the Securitas Direct auction to Bain Capital and Hellman & Friedman.

Meredith Corp. (NYSE: MDP) has agreed to acquire Eating Well Media Group, publishing of a bi-monthly nutrition magazine. No financial terms were disclosed. Eating Well shareholders include Village Ventures, FreshTracks Capital and Boston Community Venture Fund. www.mededith.com

Spark Ventures has sold half its position in Mind Candy Inc., a UK-based online gaming and entertainment company focused on children, at a $200 million enterprise value. No details about the buyer were disclosed. www.moshimonsters.com

Trimaran Capital Partners has sold the parent company of Standard Steel LLC, a Pittsburgh-based maker of steel wheels and axles for use in freight railcars, locomotives and passenger railcars, toSumitomo Corp. No financial terms were disclosed. Credit Suisse managed the process.

About the Author
By Dan Primack
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