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Deals of the day-Mergers and acquisitions
Jul 21, 2025 8:01 AM

(Adds: Titan Company, Adevinta, Jungheinrich; Updates: SS&C

Technologies ( SSNC ))

July 21 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1430 GMT on Monday:

** BitGo, a provider of trust and security services for

digital assets, said on Monday it has confidentially filed for a

U.S. listing, as crypto firms race to capitalize on renewed

market momentum.

** Titan Company will buy a 67% stake in Dubai-based luxury brand Damas

from Qatar's Mannai Corporation at an enterprise value of 1.04 billion dirham ($283.2

million), potentially making it one of the largest Indian

jewellers in the Middle East.

** Norwegian online classifieds group Adevinta said it

had sold its Spanish business to Swedish private equity firm EQT

, to focus more on the rest of its European units for an

undisclosed amount.

** German forklift truck maker Jungheinrich said it had agreed to sell its Russian unit to a Russian

financial investor and asset manager, and was cutting its

full-year profit forecast as a result.

** Financial software provider SS&C Technologies ( SSNC ) said it will acquire Carlyle's

CG.O

British fund network and data business Calastone for about

766 million pounds ($1.03 billion).

** London-based private equity firm Apax Partners has agreed

to acquire Guernsey-based investment company Apax Global Alpha

APAX.L for about 916.5 million euros ($1.07 billion).

** Cross-border payments provider IFX Payments said that it

is considering withdrawing its takeover offer for Argentex ( AGXTF )

, just days after the British currency risk management

company appointed administrators due to a funding shortfall.

** Emirati conglomerate Al-Futtaim is to buy a 49.95% stake

in Saudi Arabian franchiser Cenomi Retail in a deal worth more

than 2.5 billion riyals ($667 million), Cenomi Retail said in a

statement on Sunday.

(Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

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