Deals of the day-Mergers and acquisitions

TPG

06/01/2026 20:49

Updates OneStream, Adds Marvell, Comerica

Jan 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Buyout firm Hg Capital has agreed to acquire financial software maker OneStream OS.O in an all-cash deal worth $6.4 billion, the company said on Tuesday, less than two years after its Nasdaq debut. nL4N3Y715L

** Marvell Technology said on Tuesday it will buy networking equipment provider XConn Technologies in a deal worth about $540 million, as the chipmaker doubles down on data center hardware amid a race to expand artificial intelligence infrastructure. nL4N3Y70X1

** Comerica CMA.N shareholders on Tuesday approved a $10.9 billion sale to larger rival Fifth Third Bancorp FITB.O, the two companies said, ignoring an activist hedge fund's calls to block the deal after having initially urged the bank to put itself up for sale.nL1N3Y70OU

** Parcel locker company InPost  said that it had received an indicative takeover proposal from an unnamed party, sending its share price sharply higher.nL1N3Y704U

** U.S. private equity firm TPG  is close to acquiring UnitedHealth's  Optum UK business, in a deal worth between 1.2 billion pounds ($1.62 billion) and 1.4 billion pounds, Sky News reported.

nL4N3Y70TT

** STAAR Surgical  said it plans to terminate its merger agreement with Swiss eyecare giant Alcon  after failing to secure enough shareholder votes to approve the deal.[nL4N3Y70V1]

** Anheuser-Busch InBev  will buy back a 49.9% stake in its U.S. metal container plants for about $3 billion, the world's top brewer said , at a time of soaring aluminium costs due to tariffs.nL1N3Y7066

** Singapore's Grab Holdings  said it has acquired China-based Infermove, a developer of AI-enabled robotics solutions, to strengthen its first- and last-mile delivery capabilities.nL4N3Y70QG

** Skyward Specialty Insurance Group said on January 5 it has launched Skyward Group, the unified brand for the holding company, following the completion of its $555 million acquisition of Lloyd's insurer Apollo. nL6N3Y70CE

** Jollibee Foods Corp JFC.PS plans to spin off its international operations and list the new unit as an independent company on a U.S. securities exchange, it said in a filing with the Philippine Stock Exchange . nL1N3Y704S

** Catastrophe-focused MGU SageSure has completed the acquisition of Gemini Financial Holdings Corporation and its Olympus subsidiaries, it said on January 6. nL6N3Y70CA

** Media billionaire Kerry Stokes made a near $9 billion buyout approach along with U.S.-based long-time suitor Steel Dynamics  for Australia's top steelmaker BlueScope  in a move that would substantially broaden his industrial footprint.nL4N3Y701O

** A judge at Brazil's federal audit court TCU said on Monday that he may consider measures to prevent the sale of assets during the liquidation of Banco Master, a mid‑sized lender shut down by the Brazilian central bank in November after months of liquidity problems. nL1N3Y60NG

** Holcim  said it had completed the purchase of French precast concrete maker Alkern, the latest acquisition by the Swiss building materials maker. nL8N3Y706Q

** Cathay Pacific Airways <0293.HK> CEO Ronald Lam said that major shareholder Air China's <601111.SS> decision to sell a 1.61% stake in the Hong Kong flagship carrier was a "tactical" move. nL4N3Y705V

** Utility Vistra  said on Monday it has agreed to buy Cogentrix Energy, comprising 10 natural gas-fired power plants, from Quantum Capital Group for about $4.7 billion, as it looks to meet growing power demand. nL4N3Y61FJ

** IMA Financial Group has acquired The Richards Group, a family-owned independent insurance brokerage and advisory firm serving New England. nL6N3Y611L

 (Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))