Diageo PLC (LSE: DGE) has increased its stake in listed Vietnamese spirits maker Hanoi Liquor Joint Stock Co. from 31.52% to 45.52%, for £14 million. www.diageo.com
Fairfax Financial Holdings Ltd. (TSX: FFH) has agreed to acquire all outstanding shares of Brit Insurance Ltd. from Brit Group for approximately $300 million. Brit Insurance, which underwrote insurance and reinsurance policies in the UK and elsewhere, was put into run-off earlier this year. Its gross and net reserves were approximately $1.9 billion and $1.3 billion, as of March 30, 2012.www.britinsurance.com
Mizkan Group Corp. has agreed to acquire the vinegar and sour pickles unit, including the Sarsons brand, of Premier Foods PLC (LSE: PFD). The deal is valued at £41 million. www.mizkan.net
Scottish and Southern Energy PLC (LSE: SSE) has agreed to acquire Endesa Ireland Ltd. from Enel SpA for €270 million. www.enel.com
Tesco PLC (LSE: TSCO) has agreed to sell half of its Japanese supermarket business to Aeon Corp.No financial terms were disclosed. Goldman Sachs managed the process. www.tescoplc.com
Charterhouse Capital Partners and CVC Capital Partners are considering a sale or flotation of Ista International, a German provider of utlity metering and billing solutions, according to Bloomberg. The business could be valued around €3 billion. www.ista.com
CVC Capital Partners has sold $500 million worth of shares in auto racing group Formula One toWaddell & Reed Financial Inc. (NYSE: WDR), in a deal that values the auto racing group at approximately $9.1 billion. Waddell & Reed now holds a 20.9% stake in Formula One, which last month canceled a proposed initial public offering in Singapore. www.formulaone.com
Melrose PLC (LSE: MRO) is in talks to acquire Elster Group (NYSE: ELT), a German maker of utility meters, according to Reuters. The deal would be worth around $2.3 billion, which would represent a 25% premium to Friday’s closing price for Elster shares. Sellers would include an affiliate of CVC Capital Partners. www.welroseplc.net
Qualcomm Inc. (Nasdaq: QCOM) has acquired Summit Microelectronics Inc., a Sunnyvale, Calif.-based provider of programmable power integrated circuits. No financial terms were disclosed. Summit Microelectronics had raised over $13 million in VC funding from August Capital, Bessemer Venture Partners, HLM Venture Partners, FirstMark Capital, Norwest Venture Partners, Nokia Growth Partners and Hotung Capital Management. www.qualcomm.com
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