Other Done Deals

• IG Group Holdings has entered into an agreement to acquire 87.5 per cent of FXOnline Japan KK, a privately-owned Japanese online retail FX trading company, for ¥21.9 billion (£112.2 million)
• Advent International, a global private equity firm, has acquired 100 per cent of Frango Assado, the leading operator of roadside restaurants in Brazil, from the founding families. The names of the families and value of the transaction were not disclosed
• Gridpoint, a Virginia based smart-grid company, has acquired V2Green, a Seattle-based developer of plug-in electric vehicle grid integration technology, for undisclosed terms
• Manufacturer of office equipment, Canon USA, has acquired the San Francisco- based NEWCAL Industries, an independent value-added reseller of document and print solutions. The details of the transaction have not been revealed
• Brulines, a Stockton-based pub equipment group, has acquired Edensure, a Sunderland manufacturer serving the UK petrol forecourt market, in a deal worth £220,000. Brulines recently reported a 75 per cent increase in profits
• Eden Ventures and Paris-based Xange Private Equity have joined existing backer Pyrford Enterprises in a £12 million series-B funding round for unified communications service delivery software provider VOSS.

Deals in the pipeline

• Venezuelan airline Aserca is “intending” to make an offer for “all or part of” distressed Italian national flag carrier Alitalia. The head of Italy’s civil aviation authority ENAC said the airline, which is 49.9 percent state-owned, could be grounded by Thursday if it doesn’t come up with a “credible” cost-reduction plan
• Arden Partners said talks with an unnamed potential acquirer have come to an end. The stockbroker, which first announced it had received a takeover approach in May, said it expects revenue for the year to October 31 to fall and blamed a “deterioration in market conditions”.
• Southwest Bancorp has announced the planned merger of its Wichita subsidiary, SNB Bank of Wichita, with its Kansas banking subsidiary, SNB Bank of Kansas. The enlarged entity will operate under the SNB Bank of Kansas brand. Post-deal, SNB Bank of Kansas will have approximately $175million in assets.
• New Zealand dairy export giant Fonterra Co-operative Group has slashed the value of its Chinese investment by nearly 70 per cent after it was caught up in a scandal over contaminated baby milk. Fonterra cut the value of its 43 percent stake in China’s San Lu dairy to about NZ$62 million ($42 million), and again stressed its role in first raising the alarm on the contamination.
• AXA Private Equity is seeking to sell portfolio company The Spotless Group, a producer and distributor of homecare and cleaning products, for some €700 million.
• Intel Capital, the global investment arm of computer chip maker Intel Corp, has agreed to pay £20 million for an unspecified stake in Dallas-based social computing and business intelligence company Telligent Systems.