BV Investment Partners has completed its sale of Vision Communications, a provider of communications and broadband services in Louisiana, to EATEL. No financial terms were disclosed. www.viscom.com
KIT Digital (Nasdaq: KITD) has acquired the assets of Sezmi Corp., a Belmont, Calif.-based developer of a set-top box that combines traditional television content with on-demand movies and Internet video. The deal was valued at around $27 million in cash, stock and earnouts. Sezmi had raised over $90 million in VC funding from firms like Morgenthaler Partners, Index Ventures, Legend Ventures, Omni Capital and TD Fund. www.sezmi.com
Little Sheep, a Chinese hot pot restaurant chain, has received shareholder approval to be acquired by Yum Brands, the parent company of KFC and Taco Bell.