M&A

July 3, 2012, 6:06 PM UTC

Amazon has acquired UpNext, a New York–based 3D mapping startup, according to GigaOm. No financial terms were reported. UpNext had raised seed funding from firms like PKS Capital and Lowecase Capital. www.upnext.com

Gresham Private Equity has sold Olaer Group Ltd., a UK-based maker of hydraulic accumulator and cooling technologies, to Parker Hannifin Corp. (NYSE: PH). No financial terms were disclosed. Baird managed the process. www.olear.com

MBK Partners has walked away from the auction for a 65.25% stake in Hi-Mart, a South Korean wholesaler and retailer of home appliances, according to Reuters. It recently was named preferred bidder for the position, but reportedly “found a worse than expected deterioration in the business on entering exclusive talks.” Hi-Mart is currently owned by Eugene Group. www.himart.co.kr

Rexam PLC (LSE: REX) has agreed to sell its cosmetics, toiletries and household care products unit toSun Capital Partners for $459 million. In related news, Rexam is selling its food packaging business toSilgan Holdings (Nasdaq: SLGN) for $250 million. www.suncappart.com

Nielsen (NYSE: NLSN) has acquired Vizu, a San Francisco-based provider of online ad analytics and optimization solutions. No financial terms were disclosed. Vizu has raised nearly $11 million in VC funding from firms like Floodgate, Amicus Capital, Draper Fisher Jurvetson, Greycroft Partners and iNovia Capital. www.vizu.com

HarbourVest Partners has agreed to acquire the private equity fund and co-investment portfolio ofConversus Capital for $1.4 billion. www.harbourvest.com

VMware Inc. (NYSE: VMW) has agreed to acquire DynamicOps Inc., a Burlington, Mass.–based provider of cloud automation solutions. No financial terms were disclosed for the deal, which is expected to close later this quarter. DynamicOps has raised around $16 million in VC funding from Next World Ventures, Credit Suisse, Sierra Ventures and Intel Capital. www.vmware.com

Winstar Resources Ltd. (TSX: WIX), a Canadian oil and gas company, said that it has hired FirstEnergy to explore strategic options that could include a sale of the company. Winstar has a market cap of just under C$80 million. www.winstar.ca

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