Deals of the day-Mergers and acquisitions

Sumitomo Forestry Co

13/02/2026 14:40

Adds: R.E. Chaix & Associates, First Gen Corporation, MS&AD Updates: ByteDance, Alkem Laboratories

Feb 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday:

** R.E. Chaix & Associates has acquired cyber liability broker US Pro Insurance Services, the wholesale insurance broker announced.

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** First Gen Corporation  said it was buying a 40% stake in Prime Infrastructure Capital Inc's pumped-storage hydropower portfolio for 75 billion pesos ($1.30 billion).

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** MS&AD has reached and executed the final takeover agreement for its proposed merger of Mitsui Sumitomo Insurance and Aioi Nissay Dowa, taking the Japanese carrier a step closer to integrating its two core non-life units from April 2027.

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** ByteDance is in advanced talks to sell Shanghai Moonton Technology, the studio behind the popular mobile game Mobile Legends: Bang Bang, to Saudi Arabia's Savvy Games Group in a deal valued at between $6 billion and $7 billion, sources said.

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** Alkem Laboratories'  medical devices unit will buy up to a 55% stake in Switzerland's Occlutech Holding for 99.4 million euros ($118 million), the Indian pharma company said, marking its entry into advanced cardiovascular devices.

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** Activist investor Independent Franchise Partners has taken a stake in Universal Music Group  and owned 3.01% of the world's biggest music label as of Monday, a filing by Dutch financial watchdog showed.

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** Norway's Elkem  said it has agreed to sell the majority of its Silicones division to its biggest owner, China's Bluestar, and that the Chinese company would cease to be a shareholder in the Norwegian group following the transaction.

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**  Japan's Sumitomo Forestry <1911.T> agreed to acquire U.S. homebuilder Tri Pointe Homes  for $47.00 per share in cash, valuing the deal at about $4.5 billion, the companies said.

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** SiriusPoint’s insurance services and assistance services subsidiary International Medical Group will acquire World Nomads, a division of Australian health insurer Nib Group.

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** Britain's Schroders  is being taken over by U.S. asset manager Nuveen for 9.9 billion pounds ($13.5 billion), in one of Europe's largest ever fund manager deals that spells the end of independence for the 222-year old London firm.

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 (Compiled by Rajarshi Roy and Megavarshini G. Somasundaram in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))