Deals of the day-Mergers and acquisitions

Welltower

03/03/2025 21:05

Adds: Amwins, OMV, Higginbotham

March 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** Texas-based insurance, financial and HR services firm Higginbotham has acquired Program Insurance Group, an independent agency based in Georgetown, Texas, that offers EZ CERT, a nationally deployed insurance certificate tracking service for franchisors and franchisees. nL6N3PM0OH

**  Austria's OMV OMVV.VI and Abu Dhabi National Oil Company said on Monday they have reached a $9.7 billion deal to acquire Canada's Nova Chemicals through a joint venture, OMV said in a statement. nL3N3PM1FE

** Amwins has acquired Folsom, California-based Community Association Insurance Solutions (CAIS), an MGA and program administrator specialising in insurance solutions for homeowners' associations (HOAs), townhomes, condominiums, and planned unit developments (PUDs). nL6N3PM0J6

**  Genesis Energy  said it had sold its soda ash manufacturing and related operations to an indirect unit of WE Soda for $1.43 billion, helping the pipeline operator to focus on the midstream energy sector. nL3N3PM0TU

** Chubb has reached agreements to acquire the property and casualty insurance businesses of Liberty Mutual in Thailand and Vietnam. nL6N3PM0BX

** Dutch bank ING  said it has agreed to buy a 17.6% stake in Van Lanschot Kempen , which would take its total stake in the Dutch private wealth manager to 20.3%. nL2N3PM07Q

** Real estate income trust Welltower  said on Sunday it will acquire Canada-based senior living company Amica Senior Lifestyles' portfolio from the Ontario Teachers' Pension Plan for C$4.6 billion ($3.18 billion). nL3N3PL051

** Private equity group Clearlake Capital is close to a deal to buy a majority stake in Modernizing Medicine (ModMed) that could value the medical software provider at $5.3 billion including debt, the Financial Times reported on Sunday. nL3N3PL06N

** Italian luxury group Prada 1913.F is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings CPRI.N after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday. nL2N3PL06W

 (Compiled by Rajarshi Roy, Aamir Sohail and Pooja Menon in Bengaluru)

 ((Aamir.sohail@thomsonreuters.com;))