Deals of the day-Mergers and acquisitions

Kelsian

17/03/2023 09:42

March 17 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Friday:

    ** Chinese private equity firm DCP Capital aims to sell its
Singaporean portfolio firm MFS Technology, which makes flexible
printed circuit boards, for at least $550 million, two people
with knowledge of the matter told Reuters.  urn:newsml:reuters.com:*:nL4N35P0CN
    
    ** French food retailer Casino  CASP.PA  said it had raised
723.2 million euros ($769.85 million) with the sale of another
stake in its Brazilian cash-and-carry unit Assai as it pushes
ahead with plans to reduce its debt wall.  urn:newsml:reuters.com:*:nL8N35P0W0
    
    ** Shares of Kelsian Group  KLS.AX  fell more than 11%, on
track for their worst day in nearly seven months, after the
Australian transit operator undertook a discounted placement to
fund its $325 million acquisition of a U.S.-based bus operator.
 urn:newsml:reuters.com:*:nL4N35P0PH
    
    ** Canadian private equity firm Ethical Capital Partners
(ECP) on Thursday said it had acquired Pornhub owner MindGeek,
which has been mired in controversy over recent years.
 urn:newsml:reuters.com:*:nL4N35O4GG
    
    ** A U.S. bankruptcy judge declined to delay the $1.3
billion sale of crypto lender Voyager Digital to Binance.US,
saying Voyager customers should not be forced to wait out a
challenge by the Department of Justice that is unlikely to
succeed.  urn:newsml:reuters.com:*:nL1N35O1P9

 (Compiled by Rajarshi Roy and Pratyush Thakur in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))