Wednesday, September 12, 2012

M&A - The Term Sheet: Fortune's deals blog Term Sheet

BP PLC (LSE: BP) has agreed to sell a group of oil and gas fields in the deep-water U.S. Gulf of Mexico to Plains Exploration and Production Co. (NYSE: PXP) for $5.55 billion. www.bp.com

Adaptive Planning, a Mountain View, Calif.-based provider of cloud-based corporate performance management solutions, has acquired MyDials, a provider of cloud-based data visualization solutions. No financial terms were disclosed. Adaptive Planning has raised nearly $40 million in VC funding, from Cardinal Venture Capital, Clairmont Capital, Monitor Ventures, Norwest Venture Partners and ONSET Ventures. www.adaptiveplanning.com

Google Inc.
(Nasdaq: GOOG) has acquired Spanish cyber-security startup VirusTotal for an undisclosed amount. www.virustotal.com

Infosys has agreed to acquire Lodestone Holding AG, a Zurich-based management consultancy. The deal is valued at approximately $349 million. www.infosys.com

InsureZone, a Fort Worth, Texas-based provider of tech solutions to the insurance market, has acquired MSI Group, a Denver-based insurance agency network. No financial terms were disclosed. InsureZone backers include Buena Venture Associates. www.insurezone.com

CVC Capital Partners and Goldman Sachs have proposed a debt-for-equity swap that would transfer control of Australian cable television operator Nine from CVC to a lender group that includes Apollo Global Management and Oaktree Capital Group. Goldman holds around A$975 million in Nine mezzanine notes, while CVC's entire investment in Nine would be wiped out.

Good Technology
, a Sunnyvale, Calif.-based provider of enterprise mobility solutions, has agreed to acquire Copiun Inc., a Marlborough, Mass.?based provider of secure mobile collaboration solutions. No financial terms were disclosed. Good backers include Oak Investment Partners and Draper Fisher Jurvetson. Copiun had raised over $8 million from RRE Ventures, Novak Biddle Venture Partners, Hub Angels, Beacon Angels and LaunchPad Venture Group. www.copiun.com

MasterCard Inc. (NYSE: MA) has acquired Truaxis (f.k.a. BillShrink), a Redwood City, Calif.?based platform for distributing merchant funded reward programs through financial institutions. No financial terms were disclosed. Truaxis had raised around $10 million in VC funding from Bessemer Venture Partners and Trinity Ventures. www.truaxis.com

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Source: http://finance.fortune.cnn.com/2012/09/10/ma-195/

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