Goldman Sachs has invested $110 million into DEN Networks Ltd., a listed Indian cable television distribution company. www.digitelly.in

Hertz Global Holdings (NYSE: HTZ) said that its three private equity sponsors – The Carlyle Group,Clayton Dubilier & Rice and Merrill Lynch Global Private Equity – have sold their remaining 49.8 million shares in the car rental company for $1.24 billion in proceeds. The firms originally acquired Hertz from Ford Motor Co. in late 2005 for $5.6 billion, or more than $15 billion including debt, and took it public the following year. www.hertz.com

Warburg Pincus is about to begin a £600 million sale process for UK-based discount retailerPoundland, according to The Daily Express. Warburg originally considered a flotation, but opted for the M&A exit route. www.poundland.co.uk

Darby Private Equity has agreed to sell its equity and mezzanine stakes in Sirma, a Turkish bottled water and beverage manufacturer, to Danone (Paris: BN). No financial terms were disclosed. www.danone.com

Portola Pharmaceuticals, a South San Francisco-based drug company focused on cardiovascular and autoimmune/inflammatory diseases, has set its IPO terms to 6.9 million common shares being offered at between $13 and $16 per share. It would have an initial market cap of approximately $469 million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol PTLA, with Morgan Stanley and Credit Suisse serving as co-lead underwriters. Portola reports $11.37 million in net income on $72 million in revenue for 2012, compared to a $19.98 million in net income on $78 million in revenue for 2011. It has raised over $300 million in VC funding, from firms like Temasek (13.9% pre-IPO stake), MPM Capital (9.6%), Prospect Venture Partners (7.1%), Brookside Capital (7%), Sutter Hill Ventures (7%), Eastern Capital (7%), Advanced Technology Ventures (6.1%), Frazier Healthcare (5.7%), AllianceBernstein, Alta Partners, CIDC Consulting, D.E. Shaw, Goldman Sachs, IBT Management Corp., Teachers’ Private Capital, T. Rowe Price, Apothecary Capital, Janus Capital, Biogen Idec and PAC-Link BioVentures. www.portola.com

William Lyon Homes, a Newport Beach, Calif.-based homebuilder in the Western U.S., has set its IPO terms to 8.7 million Class A shares being offered at between $22 and $24 per share. It plans to trade on the NYSE under ticker symbol WLH, with Credit Suisse and Citigroup serving as lead underwriters. The company reports a $2.5 million Q1 2013 loss on around $80 million in revenue.www.lyonhomes.com

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