Deals of the day-Mergers and acquisitions

Newriver Reit

24/09/2024 20:40

(Adds Vitru, Sanofi, London Stock Exchange Group, Warburg
Pincus and Macquarie Group; Updates Smartsheet)
       Sept 24 (Reuters) - The following bids, mergers,
acquisitions, and disposals were reported by 1930 GMT on
Tuesday:
    
    ** Brazilian education firm Vitru  VTRU3.SA  hired banks UBS
BB and Itau BBA to find a potential buyer or a firm interested
in merging their businesses, newspaper Valor Economico reported,
citing sources.  urn:newsml:reuters.com:*:nL1N3L610B

    ** Sanofi  SASY.PA  has received two separate bids from
private equity firms for its consumer health unit, which could
be valued at 15 billion euros ($16.74 billion) or more,
Bloomberg News reported.  urn:newsml:reuters.com:*:nL4N3L61OX
        
  
    ** The London Stock Exchange's  LSEG.L  owner is looking to
offload its stake in Belgium-based financial services company
Euroclear, in a deal that could generate proceeds of about 500
million pounds ($669.50 million), Sky News reported.
 urn:newsml:reuters.com:*:nL4N3L61LB
    
    ** U.S.-based private equity firm Warburg Pincus's unit sold
its entire 8.6% stake in Indian automobile portal CarTrade Tech
 CART.BO  through a bulk deal worth 3.75 billion rupees ($44.86
million), according to NSE data.  urn:newsml:reuters.com:*:nL4N3L61I4
        
  
    ** Macquarie Group's  MQG.AX  asset management division is
taking a minority stake in the green-energy arm of U.S. investor
D.E. Shaw for an equity investment of as much as $1.73 billion,
the Australian company said.  urn:newsml:reuters.com:*:nL4N3L61FG

        ** Workplace collaboration software maker Smartsheet
 SMAR.N  will be taken private by Vista Equity Partners and
Blackstone  BX.N  in a deal worth $8.4 billion, the companies
said, in the latest sign that buyout deals were picking up steam
after a dull 2023.  urn:newsml:reuters.com:*:nL4N3L616Y
        
  
    ** Oil and gas firms Diamondback Energy  FANG.O  and Kinetik
Holdings  KNTK.N  said they acquired a 30% equity interest in
the EPIC Crude pipeline system. urn:newsml:reuters.com:*:nL4N3L6117
    
    ** Commerzbank's  CBKG.DE  deputy chair voiced opposition 
to a takeover of the German bank by Italy's UniCredit
 CRDI.MI . urn:newsml:reuters.com:*:nL8N3L60R1
    
    ** Octopus Energy Generation has acquired solar and battery
storage developer Exagen Group to expand its renewable energy
pipeline. urn:newsml:reuters.com:*:nL1N3L60CF
    
    ** KKR & Co  KKR.N  and Singaporean sovereign wealth fund
GIC have appointed Bank of America  BAC.N , Jefferies  JEF.N ,
and UBS  UBSG.S  to sell their majority stake in the
Philippines' Metro Pacific Health in a deal that could value the
company at $3.2 billion, three people with knowledge of the
matter said.  urn:newsml:reuters.com:*:nL6N3L607I
    
    ** Swiss duty-free retailer Avolta  AVOL.S  said it would
acquire 100% of Free Duty from Hong Kong-based NWS Holdings
 0659.HK .  urn:newsml:reuters.com:*:nL8N3L60FV

    ** Shares of Miniso Group Holding  9896.HK  plunged as much
as 39.2% to HK$20 ($2.57) after the company said it would take a
stake in embattled Chinese supermarket operator Yonghui
Superstores  601933.SS .  urn:newsml:reuters.com:*:nL1N3L6020
    
    ** British homeware retailer Dunelm's  DNLM.L  top
shareholder, Will Adderley, and his private investment firm have
sold a 4.9% stake in the company for 11.4 million pounds ($15.22
million) to institutional investors, bookrunner Barclays said.
 urn:newsml:reuters.com:*:nL4N3L60M8
    
    ** UK engineering firm Smiths Group  SMIN.L  said it was
acquiring U.S.-based Modular Metal Fabricators and Canada's
Wattco for up to 110 million pounds ($146.89 million), in a bid
to expand its global presence.  urn:newsml:reuters.com:*:nL4N3L60M5
    
    ** Britain's NewRiver REIT  NRRT.L  will buy smaller rival
Capital & Regional Plc  CAL.L  in a stock-and-cash deal valued
at about 147 million pounds ($196.1 million), the shopping
centres and retail parks owner said.  urn:newsml:reuters.com:*:nL4N3L60ML
    
    ** United Arab Emirates' renewable energy company Masdar
said it has reached an agreement to buy green energy firm Saeta
Yield from Canada's Brookfield  BAM.TO  in a deal valuing the
company at $1.4 billion.  urn:newsml:reuters.com:*:nL8N3L51G4
    
    ** The U.S. Federal Trade Commission is expected to
greenlight U.S. oil producer Chevron's  CVX.N  purchase of Hess
 HES.N  as soon as this week, two people familiar with the
matter said, leaving Exxon Mobil's  XOM.N  challenge to the $53
billion deal as its final hurdle.  urn:newsml:reuters.com:*:nL1N3L50ZN
    
    ** California Bank & Trust, a unit of Zions Bancorporation
 ZION.O , said on Monday it plans to acquire four branches of
FirstBank in Palm Desert and Indio to expand its presence in the
state's Coachella Valley.  urn:newsml:reuters.com:*:nL4N3L519F    

 (Compiled by Rajarshi Roy, Pooja Menon and Vallari Srivastava
in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))