Deals of the day-Mergers and acquisitions

Renewi

13/02/2025 14:50

(Adds: Vouch, Steven Madden, Renewi  Updates: PFR)
       Feb 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Thursday:
     
        ** Startup-focused insurtech Vouch has sealed a first
close on an Allegis Capital-led Series D funding round and also
signed a definitive agreement to acquire small business MGA
StartSure.
  
         urn:newsml:reuters.com:*:nL6N3P40JA
  
     
        ** Shoe designer Steven Madden <
    SHOO.O
    > said it would buy UK-based luxury brand Kurt Geiger in an
all-cash deal valued at 289 million pounds ($360.09 million),
expanding its presence in international markets.
  
     urn:newsml:reuters.com:*:nL4N3P415E
  
     
        ** Polish state-owned fund PFR has dropped its plan to
bid for Spanish train manufacturer Talgo <
    TLGO.MC
    > after the Spanish government opposed the move, Expansion
newspaper reported, citing unnamed market sources.
  
         urn:newsml:reuters.com:*:nL1N3P40JA
  
     
        ** Waste management firm Renewi <
    RWI.L>
     and Australia's Macquarie <
    MQG.AX>
     have reached an agreement on the terms of an offer to buy
the British firm for about 707 million pounds ($880.92 million),
the companies said.
  
         urn:newsml:reuters.com:*:nL4N3P415L
  
     
    ** AsiaPak Investments, a private investment firm with
operational assets in Pakistan and Hong Kong, and Middle Eastern
oil and gas company Motange Oil have submitted a bid to acquire
a 75.01% stake in Lotte Chemical Pakistan Ltd (LOTT.PSX),
according to a notice filed by Arif Habib Ltd (ARIF.PSX), the
manager to the offer, with the Pakistan Stock Exchange.
     urn:newsml:reuters.com:*:nFWN3P40NO
     
** Privately owned U.S. oil and gas producer Validus Energy has
struck a deal to buy rival 89 Energy III for about $850 million,
including debt, sources familiar with the matter told Reuters.
     urn:newsml:reuters.com:*:nL8N3OZ000
     
    ** Buyout firm Warburg Pincus has clinched a deal to acquire
Vermont Information Processing, which makes software for
beverage distributors, for about $1 billion including debt,
according to people familiar with the matter.
     urn:newsml:reuters.com:*:nL6N3P210W

 (Compiled by Rajarshi Roy in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))