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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
October 16, 2013, 3:03 PM ET

Advance Auto Parts (NYSE: AAP) has agreed to acquire General Parts International, a distributor and supplier of original equipment and aftermarket replacement products for commercial markets, for $2.04 billion. www.advanceautoparts.com

Berkshire Hathaway has agreed to acquire the beverage dispenser and merchandising units of industrials conglomerate IMI (LSE: IMI) for $1.1 billion in cash. www.imiplc.com

Ziggo, an Amsterdam-listed Dutch cable company, said today that it received an “inadequate” takeover offer from Liberty Global (Nasdaq: LBTY). Ziggo has a current market cap of around US$5.8 billion.www.ziggo.com

Astorg Partners and Abenex Capital are seeking a buyer for Onduline SA, a French maker of roofing materials that could be valued at around €450 million, according to Bloomberg.www.onduline.com

Atlanta Equity Investors
 and Fulcrum Equity Partners have sold MESA Medical Group, a Lexington, Ky.-based staffing and management company for hospital medicine and emergency medicine programs, to TeamHealth Holdings Inc. (NYSE: TMH). No financial terms were disclosed.www.teamhealth.com

EDG Par
tners has sold Gemino Healthcare Finance, a Philadelphia-based provider of asset-based and term financing solutions to small and mid-sized healthcare service companies, to Solar Senior Capital Ltd. No financial terms were disclosed. Houlihan Lokey  managed the process.www.edgpartners.com

One Equity Partners is seeking to sell its majority stake in Austrian packaging group Constantia Flexibles AG, according to Reuters. The exit may come via either a sale (suitors include CVC Capital Partners and EQT Partners) or a public float. www.constantia-packaging.com

Oxford Immunotec, a UK–based developer of diagnostics for infectious and immunological diseases, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol OXFD, with J.P. Morgan and Piper Jaffray serving as lead underwriters. The company reports a $2 million net loss on nearly $18 million in revenue for the first half of 2013, compared to a $7 million net loss on $9.6 million in revenue for the first half of 2012. Shareholders include Clarus Ventures 24.3% pre-IPO stake), New Leaf Venture Partners (13%), DFJ Esprit (10.1%), Imperial Innovations (7.9%) Wellington (7.7%), Invesco (7.9%), SPARK Ventures, Dow Chemical Co., NTEC, Kaiser Permanente Ventures and the University of Oxford. www.oxfordimmunotec.com

Plains GP Holdings, an affiliate of Plains All American Pipeline (NYSE: PAA), raised $2.8 billion in its IPO. The company priced 128 million shares at $22 per share (low end of $22-$25 range), in what is the year’s largest IPO to date. It will trade on the NYSE under ticker symbol PAGP, while Barclays, Goldman Sachs and J.P. Morgan served as lead underwriters. Shareholders include Encap Corp., First Reserve Corp. and Kayne Anderson.

Springleaf Holdings Inc., an Evansville, Ind.-based consumer finance company owned by Fortress Investments, raised $358 million in its IPO. The company priced 21 million shares at $17 per share (high end of $15-$17 range), and will trade on the NYSE under ticker symbol LEAF. BoA Merrill Lynch was listed as left-lead underwriter. www.springleaffinancial.com

Veeva Systems, a provider of cloud-based CRM and content management solutions for the life sciences industry, will begin trading shares on the NYSE today, after raising around $261 million in its IPO. The Pleasanton, Calif.-based priced its shares at $20 a piece, compared to an original target range of just $12-$14, and is now valued at more than $2.4 billion. I guess that’s what happens when your company not only is growing at more than 100% year-over-year, but also is profitable on just $10 million in VC funding (from Emergence Capital Partners). This morning I spoke with Veeva founder and CEO Peter Gassner. Read the Q&A here.

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

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