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M&A and IPOs

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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June 3, 2013, 2:36 PM ET

Advent International and Bain Capital have canceled plans to sell the U.S. operations of WorldPay, a UK-based electronic payment processor, after failing to secure bids of between $800 million and $1 billion, according to Reuters. The two firms bought a majority stake in WorldPay for around £2 billion in 2010 from RBS (which retained a 19.9% minority stake).

Altus Capital Partners has sold Thermafiber Inc., a Wabash, Ind.–based producer of mineral wool insulation products, to Owens Corning (NYSE: OC). No financial terms were disclosed.www.thermafiber.com

HgCapital has sold ATC Group, an Amsterdam-based provider of fiduciary, management and administration service, to Intertrust Group. The deal was done at an enterprise value of €303 million, which represents a 37% gross IRR for HgCapital. www.atcgroup.com

Warburg Pincus has hired Citigroup to find a buyer for ReSearch Pharmaceutical Services Inc., a Fort Washington, Penn.-based provider of clinical development solutions, according to Dow Jones. Warburg Pincus acquired the company for around $230 million. No word yet on the new asking price.www.warburgpincus.com

EXOR, the Italian holding company that controls automaker Fiat, has agreed to sell its 15% stake inSGS, a listed Swiss product inspection company, to Groupe Bruxelles Lambert for approximately $2.53 billion. www.sgs.com

The NASDAQ OMX Group has completed its previously-announced $390 million acquisition ofThomson Reuters’ investor relations, public relations and multimedia solutions groups.www.nasdaq.com

Kamada Ltd., an Israeli provider of plasma-derived protein therapeutics, raised around $52 million in its IPO. The company priced 5.58 million shares at $9.25 per share (compared to $10.75 offering price), and will trade on the Nasdaq under ticker symbol KMDA. Morgan Stanley and Jefferies served as underwriters. The company already trades in Tel Aviv, and reports $260,000 in net income on around $72.6 million of revenue for 2012. www.kamada.com

Rio Tinto Group (LSE: RIO) is planning an IPO for its gem unit after failing to find a buyer, according to Bloomberg. Morgan Stanley has been hired to lead the floatation, which would occur in London.www.riotinto.com

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

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