Gannett Co. Inc. (NYSE: GCI) has agreed to acquire television station owner and operator Belo Corp.(NYSE: BLC) for $13.75 per share in cash (28.1% premium to yesterday’s closing price). The total deal is valued at around $2.2 billion, including the assumption of $715 million in existing Belo debt.www.belo.com
Sobeys, a Canadian food and grocery retailer, has agreed to acquire Safeway’s (NYSE: SWY) Canadian operations for C$5.8 billion in cash. www.safeway.com
Software AG has agreed to acquire Apama, a UK–based software platform for complex event processing, from Progress Software (Nasdaq: PRGS). No financial terms were disclosed.www.softwareag.com
ClearLight Partners has agreed to sell The Outsource Group Inc., a St. Louis-based provider of revenue cycle management services to hospitals and physician practices, to Parallon Business Solutions, a wholly-owned subsidiary of HCA Holdings (NYSE: HCA). No financial terms were disclosed. www.hca.com
Lovell Minnick Partners has agreed to sell its majority stake in First Allied Holdings Inc., a San Diego–based retail financial services organization, to RCAP Holdings for an undisclosed amount. Lovell Minnick will retain a minority equity position.
VMG Partners has hired William Blair & Co. to find a buyer for Mighty Leaf Tea Co., according to LBO Wire. The San Rafael, Calif.-based tea-maker reportedly generates around $40 million in annual revenue. www.mightyleaf.com
HD Supply Holdings, an Atlanta-based construction distribution group, has set its IPO terms to around 53.19 million shares being offered at between $22 and $25 per share. It would have an initial market cap of around $4.32 billion were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol HDS, with BoA Merrill Lynch listed as left lead. The company was carved out of Home Depot six years ago for $8.5 billion, by Bain Capital, The Carlyle Groupand Clayton, Dubilier & Rice (with Home Depot retaining a minority stake). In 2012, it generated nearly a $1.2 billion net loss on around $8 billion in revenue, compared for a $484 million net loss on $7 billion in revenue for 2011. Some of the proceeds will be used to pay down debt, which currently stands at $6.4 billion. www.hdsupply.com
GDC Technology Ltd., a Hong Kong-based provider of digital cinema software solutions, has set its IPO terms to 5.745 million American depository shares being offered at between $12 and $14 per share. It plans to trade on the Nasdaq under ticker symbol GDCT, with Barclays, Jefferies and Piper Jaffray serving as co-lead underwriters. The company reports $116 million in 2012 revenue, compared to $90 million in 2011. The Carlyle Group holds a 48.8% pre-IPO stake. www.gdc-tech.com
Luxoft Holdings, a Swiss provider of software development services and IT solutions that is being spun off by Russia’s IBS Group, has set its IPO terms 4.09 million shares being offered at between $16 and $18 per share. It plans to trade on the NYSE under ticker symbol LXFT, with UBS, Credit Suisse and JPMorgan serving as lead underwriters. The company reports $37 million of net income on around $315 million in revenue for the year ending March 31, 2013. www.luxoft.com
NanoString Technologies Inc., a Seattle-based developer of molecular diagnostic products and tools for translational research, has set its IPO terms to 5.5 million shares being offered at between $13 and $15 per share. It would have an initial market cap of approximately $204 million if it prices in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol NSTG, with J.P. Morgan and Morgan Stanley serving as lead underwriters. It reports a $17.7 million net loss on nearly $23 million in revenue for 2012, compared to an $11 million net loss on nearly $18 million in 2011 revenue. NanoString has raised around $88 million in VC funding, from Clarus Ventures (36.02% pre-IPO stake), OVP Venture Partners (23.08%), Draper Fisher Jurvetson (19.96%), AllianceBernstein, Morgan Stanley Expansion Capital, GE Healthymagination Fund, BioMed Ventures and Henri Termeer.www.nanostring.com
Coty Inc., a New York-based maker of beauty products, raised around $1 billion in its IPO. The company priced around 57.14 million shares at $17.50 per share (midpoint of range), for an initial market cap of approximately $6.9 billion. It will trade on the NYSE under ticker symbol COTY, while BoA Merrill Lynch, J.P. Morgan and Morgan Stanley led an underwriting group that also includes 17 other banks. Coty reports $89.9 million in net income on over $4 billion in revenue for fiscal 2011, which ended lastJune 30. Berkshire Partners and Rhone Capital each sold around 6.79 million shares in the IPO ($119m each), thus reducing their ownership stakes from 7.1% to 6.6%. Coty had offered to buy Avon for around $10 billion earlier this year, but was rebuffed. www.coty.com
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