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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds: Castlelake, Tarsus Pharmaceuticals, American Growth Insurance

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

** Castlelake said it was no longer pursuing a takeover of easyJet <EZJ.L>, ending its months-long buyout attempt of one of Europe's biggest budget airlines weeks after a higher bid from rival suitor Apollo Global APO.N.

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** Eye drug maker Tarsus Pharmaceuticals <TARS.O> said it would acquire privately held Alkeus Pharmaceuticals in a cash-and-stock deal worth up to $800 million, adding an experimental oral therapy for a rare inherited retinal disorder with no approved U.S. treatment.

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** Atlanta-based American Growth Insurance (AGI), which launched in July, has acquired Heller-Kowitz Insurance Advisors, a premier full-service insurance agency based in Baltimore, Maryland.

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** Arthur J Gallagher has acquired Vancouver, British Columbia-based Apollo Insurance Solutions, a digital insurance broker and MGA specializing in tenant insurance across Canada, the broker said on Wednesday. nL6N44306K

** Peel Holdings has offered to buy British land and property regeneration company Harworth Group HWG.L in a deal valuing the London-listed firm at about £582.9 million ($784.41 million), the real estate investor said. nL6N4430FW

** Switzerland's Partners Group PGHN.S said it has entered into exclusive talks to acquire France-based natural beauty and wellness brand Aroma-Zone from French holding company Eurazeo EURA.PA. nL8N4430HQ

** Swedish healthcare provider Medicover MCOVb.ST agreed to sell its India hospital business to funds managed by global investment firm KKR KKR.N for €1.2 billion ($1.39 billion). nL8N4430CY

** Bain Capital said it will acquire bubble tea chain Gong cha from TA Associates and other shareholders, extending the U.S. private equity firm's push into food and beverage investments.

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** Global infrastructure investor I Squared Capital will buy Indonesian logistics and cold-storage company Cella, an I Squared executive told Reuters, marking its entry into Southeast Asia's largest economy as it plans a major expansion over the next four to five years. nL4N4421YL

** Everest Group has entered into a definitive agreement to sell Compañía de Seguros Generales Everest México S.A. de C.V. to Fairfax Financial Holdings Limited. nL6N4421F7

** Federated Insurance is acquiring HDVI, the Chicago-based commercial auto insurtech focused on trucking fleets, according to people familiar with the matter. nL6N4421AK

** Thermal processing services group Bodycote BOY.L said on Wednesday it had received separate cash proposals from private equity firms CVC Advisers and Veritas Capital, both valuing the British company at about £1.56 billion ($2.10 billion). nL4N4421UW


(Compiled by Rajarshi Roy and Dharna Bafna in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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