Deals of the Day-Mergers and acquisitions

GMS

30/06/2025 14:36

Adds: TransDigm Group, Oakley Capital Investments, Parker-Hannifin, AbbVie, Home Depot, I Squared Capital, Hyatt Hotels,  Advent International

June 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Aerospace supplier TransDigm Group  said it will acquire Simmonds Precision Products from defense contractor RTX Corp  for about $765 million in cash. nL4N3SX0YL

** British private equity firm Oakley Capital Investments  said it has agreed to sell its legal technology platform vLex to legal software provider Clio in a deal valuing the Spanish start-up at $1 billion. nL6N3SX0KU

** Motion and control products maker Parker-Hannifin PH.N has agreed to buy Curtis Instruments from privately held power generation systems maker Rehlko for $1 billion, it said on Monday. nL4N3SX0Z0

** U.S. drugmaker AbbVie  said it will acquire cell therapy developer Capstan Therapeutics in a cash deal worth up to $2.1 billion. nL4N3SX0WY

** Home Depot  said unit SRS Distribution has agreed to acquire specialty building products distributor GMS  for about $4.3 billion, amid threats of a hostile takeover from rival QXO . nL4N3SX0VC

** U.S.-based infrastructure investment firm I Squared Capital has withdrawn plans to make a takeover offer for Hong Kong's HKBN <1310.HK>, the broadband operator said , as a competing bid backed by a state-owned entity takes center stage. nL4N3SX0PL

** Hyatt Hotels  said it has agreed to sell the real estate portfolio owned by Playa Hotels  to Tortuga Resorts for $2 billion, as the U.S. hospitality chain seeks to strengthen its asset-light business.nL4N3SX0PD

** Private equity firm Advent International said it has agreed to acquire a majority stake in LayerZero Power Systems, which manufactures power infrastructure equipment for data centers.nL4N3SX0OL

** Liberty Company Insurance Brokers has expanded its national footprint through a partnership with Connecticut-based Berliner-Gelfand & Co, and separately has added Will Bradshaw as a producer in Florida. nL6N3SU0PF

** India's Torrent Pharmaceuticals  said on Sunday it will acquire a 46.39% controlling stake in smaller peer JB Chemicals and Pharmaceuticals  from New York-based investment firm KKR , and plans to merge the two drugmakers. nL1N3SX01S

** China's biggest gold and copper producer Zijin Mining <601899.SS> said it had agreed to buy one of the largest gold mines of Kazakhstan, the Raygorodok Gold Mine, for $1.2 billion. nL4N3SX00R

 (Compiled by Rajarshi Roy and Siddhi Mahatole in Bengaluru)

 ((siddhi.mahatole@thomsonreuters.com))