Deals of the day-Mergers and acquisitions

Reuters
2025/07/21
Deals of the day-Mergers and acquisitions

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

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. nL4N3TI0YS

** Titan Company <TITN.NS> will buy a 67% stake in Dubai-based luxury brand Damas from Qatar's Mannai Corporation <MCCS.QA> 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. nL4N3TI0R4

** Norwegian online classifieds group Adevinta said it had sold its Spanish business to Swedish private equity firm EQT <EQTAB.ST>, to focus more on the rest of its European units for an undisclosed amount. nL8N3TI0NL

** German forklift truck maker Jungheinrich <JUNG_p.DE> 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. nL8N3TI0J3

** Financial software provider SS&C Technologies <SSNC.O> said it will acquire Carlyle's CG.O British fund network and data business Calastone for about 766 million pounds ($1.03 billion). nL4N3TI0IE

** 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). nL4N3TI11S

** Cross-border payments provider IFX Payments said that it is considering withdrawing its takeover offer for Argentex <AGFX.L>, just days after the British currency risk management company appointed administrators due to a funding shortfall. nL4N3TI0CT

** 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. nL1N3TH02V

(Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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