Deals of the day-Mergers and acquisitions

Talanx AG

26/03/2026 13:55

Adds: Totalis Program Underwriters, Equitable, CVC Capital Partners;  Updates: Allianz SE, Henkel

March 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** Totalis Program Underwriters has acquired ShoreOne Insurance Managers, the company said, adding a coastal homeowners-focused MGA that offers a bundled product incorporating flood coverage.

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** Private equity firm CVC Capital Partners  is preparing a full takeover of Recordati , Italian daily Il Sole 24 Ore reported on its website, sending the Italian pharmaceutical group's shares up 9%.

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** U.S. insurers Equitable  and Corebridge Financial  said they will merge in an all-stock deal that would create a $22 billion retirement, life insurance and asset management company.

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** Allianz SE's  asset management unit will acquire a stake in electricity grid operator Amprion in a deal with insurer Talanx  to help fund major grid upgrades as Germany transitions to renewable electricity.

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** Germany's Henkel  said it agreed to buy Nasdaq-listed Olaplex  in a $1.4 billion deal to strengthen its premium hair care business.

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** British outsourcing firm Capita  agreed to sell its private sector contact centre business to Inspirit Capital to focus on its public sector and pensions businesses, sending its shares up 12%.

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** Vinci  has agreed to buy a toll highway portfolio in India from Macquarie Asia Infrastructure Fund 2 in a deal valued at about 150 billion rupees ($1.6 billion), the French infrastructure firm said.

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** U.S. private equity firm KKR  has struck a deal to acquire bakery chain Nothing Bundt Cakes from Roark Capital for over $2 billion, including debt, a source familiar with the matter told Reuters on Wednesday.

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 (Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))