M&A

July 16, 2012, 5:47 PM UTC

ING Groep has received an offer for its South Korean insurance business from KB Financial Group, according to a local news report. No mention of the bid amount, although the unit reported around $1.74 billion of net assets through the end of March. www.ing.com

Regis Corp. (NYSE: RGS) has agreed to sell hair loss products unit Hair Club for Men and Women to Japan’s Aderans Co Ltd. (Tokyo: 8170) for $163.5 million in cash. www.regiscorp.com

Thermo Fisher Scientific Inc. (NYSE: TMO) has agreed to acquire transplant diagnostics company One Lambda for $925 million in cash. www.thermofisher.com

CapMan has sold its remaining 41.4% stake in Ascade Holding AB, a Sweden-based provider of trading and routing software solutions to telecom carriers, to CSG Systems International Inc. (Nasdaq: CSGS). No financial terms were disclosed. www.ascade.com

TSG Consumer Partners has agreed to sell Yard House USA Inc. to Darden Restaurants Inc. (NYSE: DRI) for $585 million in cash (including around $30m in cash tax benefits Darden expects to realize over the next two years). Yard House operates 39 contemporary American cuisine restaurants in 13 states. www.yardhouse.com