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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds: Grab Updates:

- The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Singapore's Grab GRAB.O said on Tuesday it would acquire buy now, pay later (BNPL) provider Atome Financial in a deal that could ultimately value the target at up to $4.5 billion, accelerating its expansion in Southeast Asian consumer lending.

nL4N4570QB

** Swedish private equity firm EQT EQTAB.ST and Norges Bank Investment Management, the manager of Norway's sovereign wealth fund, are launching a joint bid for Acciona Energia ANE.MC, Spanish newspaper Expansion reported, citing market sources. nL6N4570FG

** Dell DELL.N chief Michael Dell's DFO Management, along with Sequence Holdings, will take Baldwin Group BWIN.O private in a $7.7 billion deal, the companies said on Monday, providing the insurance broker greater flexibility to pursue AI investments. nL4N4560WZ

** Puig Brands PUIGb.MC said on Monday it had agreed to buy Esteve's 50% stake in ISDIN in a €1.20 billion ($1.41 billion) deal that gives the Spanish beauty group full ownership of the brand and strengthens its position in dermatology-linked skin care. nL1N4560NI

** Global investment firm Carlyle CG.O is expanding its reach in Canada through the acquisition of the privately owned Canadian oil and gas company Parallax. nL6N4560ZA

** Guangzhou Automobile Group 601238.SS signed a letter of intent with FAW Group, another Chinese automaker, it said on Monday, to acquire part of FAW's stake in a vehicle-manufacturing joint venture through a share issuance and proposed capital raise. nL1N4560IP

** Private equity group CVC CVC.AS has joined forces with JC Flowers on a bid for FirstRand's UK bank arm Aldermore, two people familiar with the matter said. nL6N4560NY

** Spirits company Sazerac announced on Monday that it completed the acquisition of Au Vodka in a deal that a source familiar with the matter said valued the UK-based vodka and ready-to-drink brand at more than £300 million ($405 million). nL6N4560V2


(Compiled by Rajarshi Roy, Padmanabhan Ananthan and Tyakshi Singh in Bengaluru)

((Padmanabhan.Ananthan@thomsonreuters.com))

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