Deals of the day-Mergers and acquisitions

SoftwareOne Holding AG

19/02/2025 14:51

(Adds: PIB Group,  Howden,   Tapestry,  Canadian Tire, 
Rosebank Industries)
       Feb 19 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Wednesday:
     
    ** Private equity-backed broker consolidator PIB Group has
continued to expand its Italian footprint with the acquisition
of Elleti Broker SpA.
  
     urn:newsml:reuters.com:*:nL6N3PA0IJ
  
     
    ** Howden has bolstered its UK aviation division with the
acquisition of Forbes Insurance Limited and the book of business
from Hill Aviation Insurance Services Limited.
  
     urn:newsml:reuters.com:*:nL6N3PA0HW
  
     
    ** Coach parent Tapestry 
     TPR.N 
     will sell its Stuart Weitzman brand to Dr Scholl's footwear
owner Caleres <
    CAL.N>
     for $105 million in cash, the companies said .
  
     urn:newsml:reuters.com:*:nL3N3PA0S2
  
     
    ** Canadian Tire <
    CTCa.TO>
     said it would sell its premium workwear business Helly
Hansen to Kontoor Brands <
    KTB.N
    > for C$1.28 billion ($901.2 million), as part of efforts to
focus on its core business.
  
     urn:newsml:reuters.com:*:nL3N3PA0RQ
  
     
    ** British investment firm Rosebank Industries 
     ROSE.L 
     is pursuing a $2 billion acquisition of US-based Electrical
Components International (ECI), a maker of wire harnesses, Sky
News reported , citing sources.
  
     urn:newsml:reuters.com:*:nL3N3PA0RT
  
     
** Switzerland's EFG International  EFGN.S   said it had posted
a net profit of 321.6 million Swiss francs ($356 million) in
2024, an increase of 6% from the previous year, and that it was
acquiring Swiss private bank Cité Gestion.
     urn:newsml:reuters.com:*:nL5N3PA0A0
     
** Swiss technology firm Softwareone  SWON.S  expects to close
its acquisition of Crayon Group  CRAYN.OL  in June, earlier than
its previous guidance for a closure in the third quarter, it
said.
     urn:newsml:reuters.com:*:nTUCNZVJL
     
** Japanese trading house Mitsui & Co  8031.T  said it would
acquire a 40% stake in the Rio Tinto-operated  RIO.AX ,  RIO.L 
Rhodes Ridge iron ore project in Western Australia for $5.34
billion to strengthen its long-term earnings base.
     urn:newsml:reuters.com:*:nL3N3PA09O
     
** Buyout firm Silver Lake is in exclusive discussions to
purchase a majority stake in Intel's  INTC.O  programmable chip
business, Altera, a person familiar with the matter told Reuters
on Tuesday.
     urn:newsml:reuters.com:*:nL3N3P91WU
     
** Payments processor Shift4  FOUR.N  has agreed to buy travel
and retail-focused financial technology platform Global Blue
 GB.N  in a deal valued at $2.5 billion, the companies said on
Tuesday.
     urn:newsml:reuters.com:*:nL3N3P91PK

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