Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds: Francisco Partners, SThree, CVC Capital Partners Updates:
September 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:
** Private equity firms Francisco Partners and KKR KKR.N have agreed terms to buy minority stakes in Italian software company TeamSystem from its main investor Hellman & Friedman, three people familiar with the matter said.
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** Recruiter SThree STEMS.L unanimously rejected an unsolicited all-cash takeover approach from U.S.-based Circle8 Group CIRC.O , saying the proposal significantly undervalues the British company and its future prospects.
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** CVC Capital Partners has entered final talks to buy the EQT-owned mainland China business of contact lens maker Ginko International, four people with knowledge of the matter said.
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** Cyprus-based oil and gas company Energy Holdings ENH.OL has agreed to buy deepwater drilling contractor Ventura Offshore VTURA.OL to create a larger platform for cash generation, shareholder distribution and growth, the Oslo-listed companies said .
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** Online vehicle auctioneer Copart CPRT.O on Thursday agreed to acquire peer ACV Auctions ACVA.N in an all-cash deal of about $1.9 billion, marking its entry into dealer-to-dealer wholesale remarketing.
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** Shell's SHEL.L North American unit said on Thursday it has agreed to sell its interests in a gas-fired power plant complex in Rhode Island to Constellation Energy CEG.O for $715 million, while also expanding into the lucrative U.S. Mid-Atlantic power market.
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(Compiled by Rajarshi Roy, Prathik Jayaprakash and Tyakshi Singh in Bengaluru)