Deals of the day-Mergers and acquisitions

Welltower

03/03/2025 14:34

Adds: Genesis Energy

March 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Monday:

**  Genesis Energy <
GEL.N
> 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.

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

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** 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%.

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** 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).

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** 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.

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** 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.

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 (Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)

 ((Aamir.sohail@thomsonreuters.com))