TSG Consumer Partners has agreed to sell Yard House USA Inc., a contemporary American restaurant chain with 40 locations in 13 states, to Darden Restaurants Inc. (NYSE: DRI). The deal is valued at $585 million in cash. www.tsgconsumer.com
ING Group has agreed to sell its Canadian unit to Scotiabank for approximately $3.1 billion in cash.www.ing.com
Johnson & Johnson (NYSE: JNJ) has agreed to acquire around a 10.7% equity stake in Danish biotech group Genmab, as part of a strategic deal that gives J&J global licensing rights for a cancer agent called Daratumumab. The deal is initially valued at $135 million, but ultimately could be worth more than $1.1 billion.
Metro AG is in early talks to sell is Real supermarket stores outside of Germany, according to Reuters. The stores are in Poland, Russia, Romania, Turkey and Ukraine. www.metrogroup.de
Shandong Heavy Industries is in advanced talks to acquire a 25% stake in German heavy equipment maker Kion Group for between €700 million and €750 million, according to Reuters. www.kiongroup.com
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