Deals of the day - Mergers and acquisitions
25/04/2023 16:37
April 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 15:00 GMT on
Tuesday:
** Ultimate Fighting Championship (UFC) owner Endeavor Group
Holdings EDR.N said on Tuesday it will sell its
sports-training boarding school IMG Academy to private equity
firm EQT's Asian unit in an all-cash deal valued at $1.25
billion. urn:newsml:reuters.com:*:nL4N36S2MU
** French money manager Primonial said that it is weighing a
piecemeal sale of its distribution and property investment
operations, after a deal to find a buyer fell apart last year.
urn:newsml:reuters.com:*:nL1N36S0MI
** Bondholders in French fashion group SMCP SMCP.PA , the
owner of labels such as Sandro and Maje, are expecting
first-round, non-binding bids for their 37% stake in the company
by mid-May, said two people with knowledge of the transaction.
urn:newsml:reuters.com:*:nL4N36S0M6
** Online insurance marketplace Policygenius Inc has agreed
to be acquired by fellow digital insurance platform Zinnia, to
create a tech-focused platform covering the full insurance
process, executives at the companies told Reuters. urn:newsml:reuters.com:*:nL1N36R2GX
(Reporting by Ananta Agarwal in Bengaluru)
((Ananta.agarwal@thomsonreuters.com;))