Deals of the day-Mergers and acquisitions
Adds Vitru, Sanofi, London Stock Exchange Group, Warburg Pincus and Macquarie Group; Updates Smartsheet
Sept 24 (Reuters) -The following bids, mergers, acquisitions, and disposals were reported by 1930GMT on Tuesday:
** Brazilian education firm Vitru VTRU3.SA hired banks UBS BB and Itau BBA to find a potential buyer or a firm interested in merging their businesses, newspaper Valor Economico reported, citing sources. nL1N3L610B
** Sanofi SASY.PA has received two separate bids from private equity firms for its consumer health unit, which could be valued at 15 billion euros ($16.74 billion) or more, Bloomberg News reported. nL4N3L61OX
** The London Stock Exchange's LSEG.L owner is looking to offload its stake in Belgium-based financial services company Euroclear, in a deal that could generate proceeds of about 500 million pounds ($669.50 million), Sky News reported. nL4N3L61LB
** U.S.-based private equity firm Warburg Pincus's unit sold its entire 8.6% stake in Indian automobile portal CarTrade Tech CART.BO through a bulk deal worth 3.75 billion rupees ($44.86 million), according to NSE data. nL4N3L61I4
** Macquarie Group's MQG.AX asset management division is taking a minority stake in the green-energy arm of U.S. investor D.E. Shaw for an equity investment of as much as $1.73 billion, the Australian company said. nL4N3L61FG
** Workplace collaboration software maker SmartsheetSMAR.N will be taken private by Vista Equity Partners and BlackstoneBX.N in a deal worth $8.4 billion, the companies said, in the latest sign that buyout deals were picking up steam after a dull 2023. nL4N3L616Y
** Oil and gas firms Diamondback Energy FANG.O and Kinetik Holdings KNTK.N said they acquired a 30% equity interest in the EPIC Crude pipeline system.nL4N3L6117
** Commerzbank's CBKG.DE deputy chair voiced opposition to a takeover of the German bank by Italy's UniCredit CRDI.MI.nL8N3L60R1
** Octopus Energy Generation has acquired solar and battery storage developer Exagen Group to expand its renewable energy pipeline.nL1N3L60CF
** KKR & Co KKR.N and Singaporean sovereign wealth fund GIC have appointed Bank of America BAC.N, Jefferies JEF.N, and UBS UBSG.S to sell their majority stake in the Philippines' Metro Pacific Health in a deal that could value the company at $3.2 billion, three people with knowledge of the matter said. nL6N3L607I
** Swiss duty-free retailer Avolta AVOL.S said it would acquire 100% of Free Duty from Hong Kong-based NWS Holdings 0659.HK. nL8N3L60FV
** Shares of Miniso Group Holding 9896.HK plunged as much as 39.2% to HK$20 ($2.57) after the company said it would take a stake in embattled Chinese supermarket operator Yonghui Superstores 601933.SS. nL1N3L6020
** British homeware retailer Dunelm's DNLM.L top shareholder, Will Adderley, and his private investment firm have sold a 4.9% stake in the company for 11.4 million pounds ($15.22 million) to institutional investors, bookrunner Barclays said. nL4N3L60M8
** UK engineering firm Smiths Group SMIN.L said it was acquiring U.S.-based Modular Metal Fabricators and Canada's Wattco for up to 110 million pounds ($146.89 million), in a bid to expand its global presence. nL4N3L60M5
** Britain's NewRiver REIT NRRT.L will buy smaller rival Capital & Regional Plc CAL.L in a stock-and-cash deal valued at about 147 million pounds ($196.1 million), the shopping centres and retail parks owner said. nL4N3L60ML
** United Arab Emirates' renewable energy company Masdar said it has reached an agreement to buy green energy firm Saeta Yield from Canada's Brookfield BAM.TO in a deal valuing the company at $1.4 billion. nL8N3L51G4
** The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron's CVX.N purchase of Hess HES.N as soon as this week, two people familiar with the matter said, leaving Exxon Mobil's XOM.N challenge to the $53 billion deal as its final hurdle. nL1N3L50ZN
** California Bank & Trust, a unit of Zions Bancorporation ZION.O, said on Monday it plans to acquire four branches of FirstBank in Palm Desert and Indio to expand its presence in the state's Coachella Valley. nL4N3L519F
(Compiled by Rajarshi Roy, Pooja Menon and Vallari Srivastava in Bengaluru)
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