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M&A and IPOs

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
August 13, 2013, 2:35 PM ET

Whirlpool Corp. (NYSE: WHR) has agreed to pay $552 million for a 51% stake in Hefei Rongshida Sanyo Electric Co., a Chinese maker of home appliances like washing machines and refrigerators, from Sanyo Electric Co. The remaining stake will be retained by state-owned Heifei State-Owned Assets Holding Company. www.whirlpool.com

The Blackstone Group has agreed to purchase 80 apartment complexes from GE Finance for approximately $2.7 billion, according to WSJ. www.blackstone.com

Clariant (SWX: CLN) and Ashland (NYSE:ASH) are seeking buyers for ASK Chemicals, a German foundry chemicals joint venture, according to Reuters. www.ashland.com

Wilcon, a Los Angeles-based fiber optic and data center infrastructure company, has agreed to acquire Freedom Dark Fiber Networks, a provider of high-capacity dark fiber in southern California. No financial terms were disclosed.

Visteon Corp. (NYSE: VC) has agreed to sell its 50% stake in Yanfeng Visteon Automotive Trim Systems Co Ltd. to joint venture partner Huayu Automotive Systems Co Ltd. In a related deal, Visteon will pay $68 million to gain majority control of the joint venture’s auto electronics unit (Yanfeng Visteon Automotive Electronics Co Ltd.). www.visteon.com

Bain Capitalhas sold its 75% stake in Domino’s Pizza Japan to Australia-based Domino’s Pizza Enterprises (ASX: DMP) for approximately $123 million. www.baincapital.com

Renewable Resources Group has purchased Sun World International LLC, a Bakersfield, Calif.-based fresh produce company, from Black Diamond Capital Management. No financial terms were disclosed, although LBO Wire reports that Black Diamond – which bought Sun World out of bankruptcy for $128 million in 2005 — generated around a 3x return. www.sun-world.com

Bind Therapeutics Inc., a Cambridge, Mass.-based nanomedicines company, has filed for an $80.5 million IPO. It plans to trade on the Nasdaq under ticker symbol BIND, with Credit Suisse and Cowen & Co. serving as lead underwriters. The company reports a $6.5 million net loss on $1.5 million in revenue for Q1 2013. Shareholders include Polaris Venture Partners (18% pre-IPO stake), Flagship Ventures (13.9%), Rusano (11.5%), DHK Investments (8.6%), Arch Venture Partners (8.5%) and NanoDimension (6%). www.bindtherapeutics.com

M&G Chemicals, an Italian maker of polyethylene terephthalate, is planning a $500 million IPO in Hong Kong, according to the WSJ. www.gruppomg.com

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

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By Dan Primack
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