M&A

March 14, 2012, 4:52 PM UTC
Fortune

Bruckmann, Rosser, Sherrill & Co. has sold its convertible preferred stock Ruth’s Hospitality Group Inc. (Nasdaq: RUTH), for $60.2 million. www.rhgi.com

Green Dot Corp. (Nasdaq: GDOT) has agreed to acquire Loopt Inc., a Mountain View, Calif.-based social mapping service. No financial terms were disclosed. Loopt had raised over $30 million in VC funding from Y Combinator, New Enterprise Associates and Sequoia Capital. Sequoia was also an early backer of Green Dot. www.loopt.com

Parthenon Capital is seeking to sell AmWINS Group Inc., a Charlotte, N.C.-based wholesale distributor of specialty insurance products and services, according to Reuters. The deal could be valued at up to $1.5 billion. www.amwins.com

RTI International Metals Inc. (NYSE: RTI), a Pittsburgh–based maker of titanium mill products and fabricated components, has acquired Remmele Engineering Inc., a New Brighton, Minn.–based provider of precision machining and collaborative engineering, from Goldner Hawn Johnson & Morrison. The deal was valued at $182 million, with Greene Holcomb & Fisher managing the process. www.rtiintl.com

JX Nippon Oil and Energy Corp. has acquired a 25% stake in Xstrata’s coking coal operations in British Columbia. The deal was valued at US$435 million in cash. www.xstrata.com

Longkloof Ltd. has made an unsolicited $1.35 per share offer to acquire New Frontier Media Inc. (Nasdaq: NOOF), a provider of transactional television services and distributor of general motion picture entertainment. Longkoof is an investment management company that already holds around 15% of New Frontier Media stock. www.noof.com

X-Change Corp. (OTC BB: XCHC) has agreed to acquired Guardian Telecom, a maker of industrial communication equipment for oil and gas companies, from SubMicron Technologies Inc. The deal is valued at up to $6 million in cash and stock. Following the deal close, Guardian’s headquarters will be moved to Houston, Texas. www.guardiantelecom.com

US Hispanic Media, a subsidiary of La Nacion SA, has agreed to acquire ImpreMedia, a Los Angeles-based Hispanic news and information company. No financial terms were disclosed. Sellers include ACON Investments, Clarity Partners and Halyard Capital.

Want deal news in your inbox each morning? Then get Term Sheet!