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M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
November 14, 2011, 3:02 PM ET

Aruba Networks Inc. (Nasdaq: ARUN) has agreed to acquire Avenda Systems, a Santa Clara, Calif.-based developer of network security solutions to connect personal mobile devices to business networks. No financial terms were disclosed. Avenda has raised VC funding from OVP Venture Partners.www.arubanetworks.com

Platinum Equity has agreed to sell the San Diego Tribune to real estate developer Doug Manchester for more than $110 million. Platinum bought the newspaper in 2009 for less than $50 million.

Filtrona PLC (LSE: FLTR) has acquired Richco Inc., a Chicago-based maker of plastic fasteners, for $110 million in cash.

THURSDAY, NOVEMBER 17

ConocoPhillips has agreed to sell a 16.55% stake in Colonial Pipeline Co. from the Caisse de dépôt et placement du Québec for US$850 million. www.lacaisse.com

The Carlyle Group has agreed to sell RMI, an Atlanta-based provider of rail software and services, to GE Transportation. No financial terms were disclosed for the deal, which is expected to close early next year.www.carlyle.com

Charles Schwab Corp. (NYSE:SCHW) has completed its previously-announced acquisition ofCompliance11 Inc., a Chicago-based provider of cloud-based, regulatory compliance software. No financial terms were disclosed.Compliance11 raised around $7 million in VC funding from KVG Partners and Talon Capital Partners.www.compliance11.com

Quest Software (Nasdaq: QSFT) has acquired VKernal, an Andover, Mass.-based provider of capacity
management products for virtualized data centers and cloud environments. No financial terms were disclosed. VKernel raised VC funding from Hummer Winblad Venture Partners and Polaris Venture Partners. www.vkernel.com

SXC Health Solutions Corp. (Nasdaq: SXCI) has agreed to acquire HealthTrans LLC, a Greenwood Village, Colo.-based pharmacy benefits administrator, from ABRY Partners for $250 million in cash.www.healthtrans.com



Virgin Money has agreed to acquire Northern Rock, a bank nationalized by the British government three years ago, for up to £1.03 billion (including earn-outs). This represents a loss for UK taxpayers, who injected £1.4 billion into Northern Rock.

WEDNESDAY, NOVEMBER 16

Ferrovial of Spain has agreed to sell its remaining 40% stake in Chilean toll road operator Intervial Chileto Columbia’s ISA for around $216 million.

Hanover Partners has sold Handi Quilter Inc., a North Salt Lake, Utah-based maker of quilting machines and accessories, to an unidentified private equity firm based in New York City. No pricing terms were disclosed. www.handiquilter.com

ITC Nexus, a Piscataway, N.J.-based portfolio company of Warburg Pincus, has agreed to sell cardiac testing unit (Nexus) to Samsung Electronics for an undisclosed amount. www.samsung.com

TUESDAY, NOVEMBER 15

Huawei Technologies has agreed to buy Symantec Corp.’s (Nasdaq: SYMC) 49% stake in a Hong Kong-based joint venture formed in 2008 to provide security, storage and systems management solutions. The deal is valued at $530 million.www.symantec.com

Kodiak Oil & Gas Corp. (NYSE: KOG) has agreed to buy 50,000 acres of property in North Dakota’s Williston Basin for $590 million in cash and stock.

Moody’s Corp. has acquired a majority stake in Copal Partners, a provider of outsourced research and analytical services to institutional customers. No financial terms were disclosed. www.moodys.com

Nisshin Steel and Nippon Metal Industry have agreed to merge, in a deal that would create Japan’s second-largest maker of stainless steel.

Salesforce.com (NYSE: CRM) has agreed to acquire Model Metrics, a Chicago–based provider of mobile and social cloud consulting services. No financial terms were disclosed. www.salesforce.com

Yellow Media Inc. (TSX: YLO) has sold the assets of LesPAC Inc., an operator of a classified advertising website, to Mediagrif Interactive Technologies Inc. for C$72.5 million. www.ypg.com

Brockway Moran & Partners has agreed to sell Tri-Star Electronics International Inc., an El Segundo, Calif.-based manufacturer of electronic interconnect components and assemblies, to Carlisle Companies Inc. (NYSE: CSL). The deal is valued at $285 million. Harris Williams & Co. and Moelis & Co. advised Tri-Star on the deal. www.brockwaymoran.com

Highstar Capital
 has hired Citigroup and RBC to explore a sale of Utlities Inc., a Northbrook, Ill.–based water and wastewater company, according to Reuters. The deal could be valued at around $500 million.www.uiwater.com

LBi International NV (NYSE Euronext: LBI) has acquired Mr. Youth, a New York–based social media and marketing agency. No financial terms were disclosed. Private equity firms Alta Communications and Mustang Group acquired Mr. Youth in October 2008. The two firms retain ownership of Crowdtap, a social media marketing technology company spun-off from Mr. Youth. www.mryouth.com

The Riverside Company has sold IZI Medical Products to Landauer Inc. (NYSE: LDR) for approximately $93 million. IZI is a Baltimore-based provider of medical consumable accessories used in radiology, radiation therapy, and image guided surgery procedures. www.landauer.com

MONDAY, NOVEMBER 14

Nordic Capital has agreed to sell European payments company Point International to VeriFone Systems(NYSE: PAY) for around €600 million. VeriFone beat out rival bids from General Atlantic and a partnership of Advent International with Bain Capital. www.pointinternational.com

Evercore Partners has agreed to acquire a 45% non-control stake in ABS Investment Management LLC, an institutionally focused equity long/short hedge fund-of-funds manager. The deal is valued at around $45 million in cash. www.evercore.com

Permira plans to sell 4.5 million preferred shares in German apparel-maker Hugo Boss. Following the deal, Permira would retain around a 66% ownership position, and said in a statement that “this disposal is not the start of an exit process.” www.permira.com

ConAgra Foods Inc. (NYSE: CAG) has agreed to acquire National Pretzel Co., a Lancaster, Penn.-based maker of private-label pretzels, from Brookstone Holdings. No financial terms were disclosed.www.conagra.com

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