Deals of the day-Mergers and acquisitions

Belysse NV

22/11/2021 15:05

(Adds: Athenahealth, Victoria Plc, Gruppo De Agostini Updates:
Telecom Italia, Telenor)
    Nov 22 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1500 GMT on Monday:

    ** Athenahealth will be bought by private equity firms
Hellman & Friedman LLC and Bain Capital for $17 billion, the
latest sign of rising interest in companies driving the
healthcare sector's shift to the cloud.  urn:newsml:reuters.com:*:nL4N2SD2L7
    
    ** Flooring products maker Victoria Plc  VCP.L  said it was
in talks to buy a part of Belgium's Balta Group NV  BALTA.BR ,
as the British firm looks to expand its business.  urn:newsml:reuters.com:*:nL4N2SD2E0
    
    ** Shares in Telecom Italia (TIM)  TLIT.MI  rose as much as
30%, after U.S. fund KKR  KKR.N  presented a non-binding
proposal to buy Italy's former phone monopoly valuing it at 10.8
billion euros ($12 billion).  urn:newsml:reuters.com:*:nL8N2SD1CT
        
    ** Norway's Telenor  TEL.OL  and Thai conglomerate Charoen
Pokphand Group (CP Group) have agreed to merge their telecom
units in Thailand in an $8.6 billion deal to create a firm with
just over half the mobile subscribers in the Southeast Asian
country.  urn:newsml:reuters.com:*:nL1N2SD0BP
    
    ** Italian publisher Gruppo De Agostini said  it had started
the process to sell its 1.44% stake in Generali  GASI.MI  but
would still be in a position to exercise its voting rights at
the insurer's next shareholders' meeting.  urn:newsml:reuters.com:*:nL8N2SD2UB
     
    ** Honeywell Flour Mills rose 9.73% in early trade to a
one-month high after Nigeria's biggest miller Flour Mills agreed
to acquire a majority stake.  urn:newsml:reuters.com:*:nL8N2SD23F
           
    ** Ericsson  ERICb.ST  agreed to buy cloud communications
firm Vonage  VG.O  in a $6.2 billion all-cash deal, as the
telecom gear maker moves to broaden its 5G portfolio.
 urn:newsml:reuters.com:*:nL1N2SD0C4
          
    ** Authentic Brands Group Inc (ABG)  AUTH.N  said  private
equity firms CVC Capital Partners and HPS Investment Partners
had agreed to buy a significant stake in a deal that values the
brand developer at $12.7 billion on an enterprise value basis.
 urn:newsml:reuters.com:*:nL4N2SD1G1
        
    ** Britain's competition regulator is examining whether
British Airways owner IAG's  ICAG.L  planned 500 million euro
($563.2 million) purchase of Spain's Air Europa would harm
competition in the UK, the watchdog said.  urn:newsml:reuters.com:*:nL1N2SD0EN
        
    ** Royal Dutch Shell  RDSa.L  has made its first foray into
selling power to households in Australia, teaming up with an
infrastructure fund to buy Meridian Energy's  MEL.NZ  local
electricity business for A$729 million ($528 million).
 urn:newsml:reuters.com:*:nL1N2SC0JF
    
    ** Apollo Global Management  APO.N  has agreed to buy a 50%
stake in Broad Reach Power from its existing owners, the parties
said, a deal which will result in up to $400 million of capital
being invested in the U.S. energy storage and renewables company
to fund expansion.  urn:newsml:reuters.com:*:nL8N2SD021

 (Compiled by Rajarshi Roy and Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com))