Deals of the Day – Mergers & Acquisitions

(Adds Shop Direct, Rowsley, Envirotainer)

July 18 (Reuters) – The following deals, mergers, acquisitions and divestitures were announced at 20:00 GMT on Tuesday:

**European private equity investor AAC Capital is selecting banks to sell Envirotainer, a Swedish company leasing refrigerated containers for shipping temperature-sensitive healthcare products, people familiar with the matter said.

** Three buyout funds are preparing binding offers for British online retailer Shop Direct, a business valued at up to 3 billion pounds ($3.9 billion) by its billionaire owners, twin brothers David and Frederick Barclay, sources familiar with the situation told Reuters.

** Rowsley Ltd, a Singaporean property company, said it plans to buy healthcare assets from its majority shareholder for up to 1.9 billion Singapore dollars ($1.4 billion) to diversify his wallet.

** Private equity group BC Partners has agreed to buy German managed hosting provider PlusServer from GoDaddy Inc for an enterprise value of 397 million euros ($459 million) and said it was considering new acquisitions in the sector.

** Ukraine’s Naftogaz plans to sign natural gas purchase agreements with Trafigura Trading (Europe) Sarl and Vattenfall Energy Trading GmbH as it expands its supply from Europe.

** EFG Hermes UAE Limited, owned by Egyptian investment bank EFG Hermes, will invest $21.5 million in Frontier Investment Management Partners LTD (FIM) as part of plans to expand its asset management business. assets, the bank said.

** Kuwait Finance House (KFH) is considering a merger with Bahrain’s Ahli United Bank, Kuwait’s largest Islamic lender said in a statement, confirming an earlier news report.

**Banks lined up approximately 300 million euros ($347 million) in leveraged loans to support the Ontario Teachers’ Pension Plan (OTPP) acquisition of the Iberian company of Memora funeral services, banking sources said.

** Idemitsu Kosan Co said it would proceed with a $1.1 billion sale of new shares, after a court denied the founding family’s motion to block the bid, potentially paving the way to a takeover of Showa Shell Sekiyu.

** ExxonMobil’s Indonesian unit said it “no longer wishes to pursue any discussions or activities” regarding the country’s East Natuna natural gas block, believed to hold one of the largest untapped gas reserves in the world .

**Brokerage BGC Partners Inc said it would buy mortgage provider Berkeley Point Financial LLC from financial services firm Cantor Fitzgerald for $875 million.

**IP Group has sweetened its offer for rival intellectual property firm Touchstone Innovations Plc to around 490 million pounds ($641 million), IP Group said.

** A consortium of private equity firms TPG Capital Management LP and MBK Partners, and investment manager I Squared Capital Advisors LLC have launched separate bids for the landline unit of Hong’s richest man Kong, Li Ka-Shing, those involved said. in the matter.

** Tembec Inc’s largest shareholder, Oaktree Capital Management LP, has asked others to reject Rayonier Advanced Materials Inc’s deal to buy the paper and cellulose pulp maker from Canadian shareholders, saying it s was an “imperfect” sales process.

** China is considering a merger between China Minmetals Corp, one of the country’s largest minerals and metals traders, and China National Gold Group, as Beijing pushes for consolidation of its state-owned companies, sources told Reuters. current of the case.

Indian e-commerce firm Flipkart’s watered-down takeover bid of up to $950 million for Snapdeal has improved the odds of a deal between the two rivals, although some sticking points are still being worked out, said two sources familiar with the matter.

** Shares of Pegas Nonwovens hit a record high on Tuesday after an offer for the artificial textiles maker, but the company’s largest shareholder said it was not ready to sell and analysts said a higher bid might be necessary.

** The United Food and Commercial Workers Union, which represents retail workers, sent a letter to antitrust authorities on Monday warning of the dangers of Amazon’s purchase of Whole Foods for both workers and consumers. (Compiled by Laharee Chatterjee and Akankshita Mukhopadhyay in Bengaluru)

Alaric Cohen

"Freelance communicator. Hardcore web practitioner. Entrepreneur. Total student. Beer ninja."

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