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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 30, 2013, 2:45 PM ET

PricewaterhouseCoopers has agreed to acquire New York–based corporate consultancy Booz & Co., which separated from government consultancy Booz Allen Hamilton in 2008. No financial terms were disclosed. Www.booz.com

China Construction Bank (HK: 939) is “in advanced talks” to buy listed Brazilian mid-sized lender Banco Industrial e Comercial of Brazil, according to Reuters. BicBanco has a current market cap just shy of $800 million, in part thanks to existing takeover rumors. Www.ccb.com

Honda Motor Co. 
(Tokyo: 7267) has agreed to sell its electronic components business to  Nidec(Tokyo: 6494) for approximately $500 million, according to a local press report. Www.honda.com

Rosneft (LSE: ROSN) has asked Russian President Vladimir Putin to sell the state’s 20% stake in Novorossiisk Commercial Sea Port to it, according to Reuters. Russia previously announced plans to sell the position by year-end, as part of a broader privatization program. Www.rosneft.com

Sears Holding Corp. (Nasdaq: SHLD) said that it plans to spin off its Lands’ End and Sears AutoCenter brands, the latter of which may be exited via a sale. The company also announced that Sears Canada has sold five store leases for C$400 million to Cadillac Fairview Corp. Www.sears.com

Toray Industries Inc. (Tokyo: 3402) has agreed to acquire  Zoltek Co. (Nasdaq: ZOLT), a St. Louis-based maker of carbon fibers and technical fibers, for $584 million, or $16.75 per share. Private equity firm previously had suggested it would be willing to offer upwards of $17 per share, but the approach was not fully-financed. Www.zoltek.com

Wi-LAN Inc. (Nasdaq: WILN) said that it has hired Canaccord Genuity to explore strategic alternatives, including a possible sale of the company. The Ottawa-based patent licensing company has a current market cap of around $375 million. Www.wilan.com

Ingram Micro (NYSE: IM) has acquired Shipwire, a Palo Alto, Calif.-based provider of cloud-based logistics services and supply chain management SaaS. No financial terms were disclosed. Shipwire had raised around $15 million in VC funding, from firms like Meakem Becker Venture Capital, eBay and Newell Rubbermaid. Www.shipwire.com

Brixmor Property Group Inc., a New York-based owner of grocery-anchored shopping centers, raised $825 million in its IPO. The company priced 41.25 million shares at $20 per share (middle of $19-$21 range, and will trade on the NYSE under ticker symbol BRX. BoA Merrill Lynch was listed as left lead underwriter. Brixmor is owned by The Blackstone Group. Www.brixmor.com

Criteo, a Paris-based display advertising company, raised around $251 million in its IPO. The company priced nearly 8.1 million shares at $31 per share, compared to original plans to offer 7.2 million shares at between $23 and $26 per share (later increased to $27-$29). It has an initial market cap of $1.71 billion. The company plans to trade on the Nasdaq under ticker symbol CRTO, with J.P. Morgan, Deutsche Bank Securities and Jefferies serving as lead underwriters. It reports a $6.4 million net loss on nearly $253 million in revenue for the first six months of 2013. Shareholders include Index Ventures (24.3% pre-IPO stake), Idinvest Partners (22.6%), Elaia Partners (13.5%), Bessemer Venture Partners (9.5%) and Softbank Capital. Www.criteo.com

Surgical Care Affiliates Inc., a Deerfield, Ill.-based provider of surgical care optimization solutions, raised $235 million in its IPO. The company priced 9.8 million shares at $24 per share (high end of $21-$24 range), and will trade on the Nasdaq under ticker symbol SCAI. JPMorgan and Citigroup served as lead underwriters. The company reports $42.2 million of net income on nearly $389 million of revenue for the first six months of 2013. TPG Capital acquired SCA in 2007 from HealthSouth for $945 million. Www.scasurgery.com

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

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