Deals of the day - Mergers and acquisitions

TWFG

02/05/2025 22:05

Adds Carlyle Group, Willis, EnQuest, Corpay and TWFG

May 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** U.S. private equity firm Carlyle Group has sold its entire 10.44% stake in India's PNB Housing Finance PNBH.NS via block deals, according to an exchange filing. nL4N3RA1B8

** Willis has acquired specialty credit insurance brokerage CFS International, based in Irvine, California. nL6N3RA0J4

** North Sea-focused oil producer EnQuest ENQ.L will not make an offer for UK's Serica Energy SQZ.L, the companies said, as the two could not agree on favourable terms in time amid market volatility. nL4N3RA1SR

** Business payments firm Corpay Inc CPAY.N said on Friday it was in talks with Alpha Group International ALPH.L about a possible cash offer for the UK-based financial services provider. nL4N3RA20Y

** Texas-based insurance agency TWFG has acquired Paul Mears Insurance Group in North Carolina and Denise Davis Insurance in Texas, bringing owner Denise Davis aboard as vice president of retail operations at TWFG. nL6N3R90KI

** Australia's antitrust regulator began an informal review of Lactalis' proposed bid for Fonterra's assets on the block, even though the French dairy giant said it had not signed any deal with the New Zealand-based firm. nL4N3RA0R8

** Lactalis, the world's largest dairy group, is interested in international investments but has not signed an agreement to buy parts of New Zealand-based dairy giant Fonterra, it said following reports it was considering an offer. nL1N3RA0A8

 (Compiled by Anuja Bharat Mistry and Pritam Biswas in Bengaluru)

 ((AnujaBharat.Mistry@thomsonreuters.com))