Deals of the day-Mergers and acquisitions

Reuters
01/05
Deals of the day-Mergers and acquisitions

Adds: Minto Apartment Real Estate Investment Trust , CRC Group, L3Harris Technologies, Howden, Admiral Group, Jacobs Solutions Updates: Oakley Capital, BlueScope Steel

Jan 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Monday:

** Canada's Minto Apartment Real Estate Investment Trust <MI_u.TO> said it had agreed to be acquired by an affiliate of Crestpoint Real Estate Investments and an affiliate of the Minto Group, in an all-cash deal valuing the REIT at about $2.3 billion, including debt.

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** CRC Group has struck a deal to acquire Euclid Transactional, one of the world’s largest underwriting platforms for M&A-related insurance, in a move that significantly expands the wholesaler’s footprint in the fast-growing transactional risk market.

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** L3Harris Technologies <LHX.N> said it will sell about a 60% stake in its space propulsion and power systems business to private equity firm AE Industrial Partners for $845 million, including debt.

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** Howden has further expanded its U.S. retail footprint with the acquisition of New York-based specialist transaction liability broker Atlantic Group, the group announced on January 5.

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** Admiral Group said on January 5 it had completed the sale of its U.S. motor insurance unit, Elephant Insurance Company and Elephant Insurance Services, to private equity firm JC Flowers, effective December 31, 2025.

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** Engineering services provider Jacobs Solutions <J.N> said it will acquire the remaining stake it does not already own in UK-based firm PA Consulting for 1.216 billion pounds ($1.64 billion).

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** Private equity firm Oakley Capital <OCIO.L> will acquire a majority stake in debt administration services provider Global Loan Agency Services, alongside a minority investment from Canadian pension fund La Caisse, it said .

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** Australia's BlueScope Steel <BSL.AX> said it received an A$13.15 billion ($8.78 billion) takeover proposal from an investor group comprising billionaire Kerry Stokes-owned SGH <SGH.AX> and U.S.-based Steel Dynamics <STLD.O>.

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** Independent insurance broker The Baldwin Group had completed the merger transaction with CAC Group, it announced on Friday.

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(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

((Sahil.Pandey@thomsonreuters.com))

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