Deals of the day-Mergers and acquisitions

Intage Holdings

06/09/2023 15:26

(Adds: Reliance Retail Ventures, Thoma Bravo, Telefonica 
Updates:)
       Sept 6 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:

        ** Reliance Retail Ventures, India's biggest retailer,
said on Wednesday it would take a 51% stake in domestic kid's
clothing brand, Ed-a-Mamma, pursuing its aggressive expansion
ahead of a potential stock market listing.  urn:newsml:reuters.com:*:nL4N3AI2VA
  

        ** Private-equity firm Thoma Bravo on Wednesday agreed
to take healthcare software provider NextGen Healthcare  NXGN.O 
private in a deal valued at $1.61 billion.  urn:newsml:reuters.com:*:nL4N3AI2O9
  
         
  
        ** Spain is analysing Saudi Arabian group STC's purchase
of a 9.9% stake in Telefonica  TEF.MC  to ensure its strategic
interests are defended, acting economy minister Nadia Calvino
said on Wednesday, signalling a potential hurdle.  urn:newsml:reuters.com:*:nL1N3AI0GN
  
   
    ** The Hungarian government has made a new formal offer to
buy Budapest Airport and the owners have entered into talks
regarding a sale, majority shareholder Avialliance said on
Wednesday.  urn:newsml:reuters.com:*:nS8N368021
    
    ** Tata Group's consumer unit is in talks to buy at least
51% of popular Indian snack food maker Haldiram's but is not
comfortable with the $10 billion valuation sought, two people
briefed on the matter said.  urn:newsml:reuters.com:*:nL4N3A52IH
    
    ** India's Ind-Swift Laboratories  ISLB.NS  said on
Wednesday it would sell its active pharmaceuticals ingredients
(API) and contract research and manufacturing services (CRAMS)
business to Synthimed Labs in a deal with an enterprise value of
16.50 billion rupees ($198.50 million).  urn:newsml:reuters.com:*:nL4N3AI20Z    
    
    ** Japan's Nippon Telegraph and Telephone (NTT)  9432.T 
said on Wednesday that its NTT Docomo unit had launched a tender
offer for market research company Intage Holdings
 4326.T . urn:newsml:reuters.com:*:nL4N3AI1Z8    
    
    ** Alternative asset fund manager Bridgepoint  BPTB.L  will
buy Energy Capital Partners for an initial 835 million pounds
($1.05 billion) including debt, it said on Wednesday, boosting
its presence in mid-market asset investing.  urn:newsml:reuters.com:*:nL4N3AI1DS
   
    ** Elon Musk withdrew a loan of $1 billion from SpaceX - the
two-decade-old rocket company run by the billionaire - around
the same time he was acquiring Twitter, now known as X, for $44
billion, the Wall Street Journal reported on Tuesday.    
 urn:newsml:reuters.com:*:nL4N3AI07E
    
    ** C&S Wholesale Grocers, with the backing of SoftBank Group
 9984.T , is nearing a deal to acquire stores that Kroger  KR.N 
and Albertsons Companies Inc  ACI.N  are looking to sell to
obtain regulatory approvals for their $25 billion merger, a
source familiar with the matter told Reuters on Tuesday.    
 urn:newsml:reuters.com:*:nL4N3AI007

    ** Liberty 77 Capital LP, a private equity fund set up by
former U.S. Treasury Secretary Steve Mnuchin, has bought a 5.5%
stake in Lions Gate Entertainment  LGFa.N , according to a
regulatory filing on Tuesday.  urn:newsml:reuters.com:*:nL4N3AH4BL
    
    ** Australia's TPG Telecom Ltd  TPG.AX  said on Wednesday
the exclusive due diligence period granted to Macquarie-backed
rival Vocus Group for the A$6.3 billion ($4.02 billion) sale of
its non-mobile fibre assets was extended till Oct. 4.
 urn:newsml:reuters.com:*:nL4N3AH41H
        
    ** The U.S. Federal Deposit Insurance Corporation (FDIC) is
seeking buyers for the $33 billion commercial real estate (CRE)
loan portfolio of failed New York lender Signature Bank, it said
on Tuesday.  urn:newsml:reuters.com:*:nL1N3AH239

 (Compiled by Abhinav Parmar and Rajarshi Roy in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))