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Deals of the day-Mergers and acquisitions
Aug 13, 2025 3:10 AM

August 13 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** Israeli software provider Sapiens International ( SPNS ) said

that it will be acquired by Advent International for $2.5

billion in cash, as the U.S. private equity firm zeros in on the

insurance industry amid an AI boom.

** China-headquartered medical device maker Kangji Medical

said on Tuesday it had received a go-private proposal

from a consortium backed by investment firm TPG, valuing

the firm at HK$11.17 billion ($1.42 billion).

** Cenovus Energy ( CVE ) is in talks with Canadian Indigenous

groups to jointly buy MEG Energy ( MEGEF ), Bloomberg News

reported on Tuesday, citing people familiar with the

discussions.

** Canada's Gildan Activewear ( GIL ) is nearing a deal to buy

Hanesbrands ( HBI ), potentially valuing the U.S.

innerwear-maker at about $5 billion, including debt, according

to a person familiar with the matter.

** Perplexity AI made a $34.5 billion unsolicited all-cash offer

for Alphabet's Chrome browser on Tuesday, a bid far

above its own valuation as the startup reaches for the browser's

billions of users pivotal to the AI search race.

** Turkey's largest hospital operator Acibadem has agreed to buy

an 80% stake in Bayindir Hospitals from Is Bankasi for $55

million, Acibadem's Chairman Mehmet Ali Aydinlar said on

Tuesday.

(Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

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