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Deals of the day-Mergers and acquisitions
Jul 22, 2025 2:53 AM

July 22 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Ibex Investment Holdings Ltd., formerly known as Steinhoff

International, sold its entire 28% stake in South Africa's

clothing retailer Pepkor for $1.5 billion via an

accelerated book-building process.

** Food catering firm Compass has agreed to buy European

premium food services business Vermaat Groep for about 1.5

billion euros ($1.75 billion) including debt, it said, marking

its largest-ever deal.

** French pharmaceuticals company Sanofi said it would

acquire British private biotechnology firm Vicebio for a total

of $1.15 billion, expanding its respiratory vaccine portfolio.

** IQ-EQ, a global investor services company backed by European

private equity firm Astorg, said it is acquiring Singapore-based

Gordian Capital - a deal it said would make it the leading funds

platform business in Asia Pacific.

** Australia's Insignia Financial Ltd ( IOOFF ) said it has

agreed to an all-cash takeover offer from investment manager CC

Capital, valuing the wealth management firm's equity at A$3.3

billion ($2.15 billion).

** "South Park," the animated comedy featuring foul-mouthed

children, has reached a $1.5 billion streaming deal with

Paramount, the LA Times reported on Monday.

(Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

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