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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions
Apr 26, 2024 3:10 AM

April 26 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** Buyout firm L Catterton has agreed to buy a majority

stake in family-owned KIKO Milano in a deal which a source close

to the matter said valued the Italian accessible make-up maker

at around 1.4 billion euros ($1.5 billion) including debt.

** Thyssenkrupp will sell a 20% stake in its steel business

to the energy holding controlled by Czech billionaire Daniel

Kretinsky, a major breakthrough for the German conglomerate

after years of unsuccessful attempts to divest the unit.

** Hungary's OTP Bank, Central Europe's largest

independent lender, is preparing for its biggest acquisition so

far after it gave an indicative offer on Thursday to a bank

operating in the EU, the bank's CEO said.

** Private equity firm Thoma Bravo agreed to buy Britain's

Darktrace ( DRKTF ) for about $5.32 billion in cash, saying it

would use its software expertise to drive growth at the Mike

Lynch-backed cybersecurity specialist.

** Anglo American rejected rival miner BHP Group's ( BHP )

31.1 billion pound ($39 billion) takeover proposal ,

saying the bid significantly undervalued the London-listed miner

and its future prospects.

** Italy's government has given a conditional green light to

Vitol's plan to take over oil refiner Saras, the global

commodity trader said in a statement.

** Private equity firm GTCR has agreed to pay $2.7 billion

to buy AssetMark Financial ( AMK ), in a deal that would take

the wealth management platform private more than five years

after its initial public offering.

** The U.S. Federal Communications Commission said on

Thursday it will approve the T-Mobile US ( TMUS ) deal to buy

Ka'ena Corp, the owner of budget service provider Mint Mobile,

for up to $1.35 billion.

(Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)

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