Hahn & Co. has agreed to acquire a control stake in bankrupt South Korean shipping company Korea Line for approximately $134 million, according to Private Equity International. www.korealines.co.kr

MBK Partners has expressed interest in acquiring the South Korean insurance business of ING Groep NV, according to a local press report. www.ing.com

Paine & Partners has completed its previously-announced acquisition of a majority stake in Eurodrip SA, a Greece-based manufacturer and supplier of drip irrigation solutions, from Global Finance and Bellaria Holding. The deal was valued at more than $58 million. www.painepartners.com

Ridgemont Equity Partners has partnered with the management team of Unitex Oil and Gas to acquire and develop producing properties in the Permian Basin. The venture’s first acquisition is of conventional oil assets in Scurry County, Texas. No financial terms were disclosed. www.ridgemontep.com

Saban Capital Group has acquired a controlling interest in Partner Communications Company Ltd.(Nasdaq: PTNR), a provider of communications services in Israel, from Scailex Corp. (TASE: SCIX). No financial terms were disclosed for the transaction, which also included the assumption of debt owned by Scailex to Advent Investments Pte. Ltd., a subsidiary of Hutchison Whampoa Ltd. (Hong Kong: 13).www.saban.com

Thermo Fisher Scientific Inc. (NYSE: TMO) is considering a takeover offer for Carlsbad, Calif.-based biotech company Life Technologies Corp. (Nasdaq: LIFE), according to Reuters. Other interested suitors include private equity firms like Bain Capital, Blackstone Group, KKR and TPG Capital. Life Technologies has a market cap of around $10.7 billion. www.lifetechnologies.com

Vine Pharmaceuticals, the largest pharmacy retail chain in Uganda, has raised an undisclosed amount of private equity funding from Abraaj Group. www.abraaj.com

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com