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M&A Deals
One2Com AB has agreed to acquire Norwegian mobile services provider Mobyson Holding AS, from shareholders like Agder Energi, Televenture Management, Vital Forsikring, Fram Management, Sundt AS and OG A. Wilhelmsen Capital. The deal values Mobyson at approximately $36 million. www.onetwocom.com www.mobyson.no
Harvest Partners has completed its sale of Communications Supply Corp. to Wesco International Inc. (NYSE: WCC). No financial terms were disclosed. Communications Supply Corp. is a Carol Stream Ill.-based distributor of low voltage network infrastructure and industrial wire and cable products. www.harvpart.com www.gocsc.com
Oracle Corp. (Nasdaq: ORCL) has acquired San Francisco-based revenue and operations management software company SPL WorldGgroup from GFI Energy Ventures. No financial terms were disclosed. www.oracle.com www.splwg.com
ECI Partners has sold UK-based holiday company Kirker Travel to Kuoni for an undisclosed amount. ECI had acquired Kirker in a 2002 management buyout. www.kirkerholidays.com www.kuoni.co.uk
Western Financial Group has agreed to acquire a 25% stake in Canadian insurance brokerage Hayhurst Elias Dudek Inc. The deal will represent an exit for VenGrowth Private Equity Partners, which invested a total of $7.5 million into HED in December 2003, in exchange for a 10% stake.
Anixter International Inc. (NYSE: AXE) has acquired Italy-based fastener distributor MFU Holding SpA from company management, Kairos Partners and MPS Venture. www.mfu.it
AnalogicTech Inc. (Nasdaq: AATI) has acquired the power management analog business of China-based IPCore Technologies Corp., including subsidiary AP Semi and certain related assets. The deal is valued at $21.5 million in cash. IPCore backers include 3i Group, Pacific Venture Partners and Walden International. www.analogictech.com www.ipcoreinc.com
Clifton House Acquisition Ltd. has sold The Expanded Metal Company Ltd. (EMCO), a UK-based supplier of expanded metal mesh components and finished goods, to Gibraltar Industries Inc. (Nasdaq: ROCK). No financial terms were disclosed, except that EMCO has annual sales of approximately $62 million. www.gibraltar1.com
Capgemini, a France-based provider of tech consulting and outsourcing, has agreed to acquire Kanbay International (Nasdaq: KBAY), a Rosemont, Ill.-based provider of IT services for the financial services market. The total deal is valued at $1.25 billion, with Kanbay shareholders to receive $29 per share in cash. Kanbay went public in 2004, but VC backers […]
Adobe Systems Inc. (Nasdaq: ADBE) has acquired Serious Magic Inc., a Folsom, Calif.-based provider of video software communications tools. No financial terms were disclosed. Serious Magic had raised VC funding from Mayfield. www.adobe.com www.seriousmagic.com