Reuters: Private Equity: Deals of the day -- mergers and acquisitions

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Deals of the day -- mergers and acquisitions Apr 20th 2012, 09:38 April 20 | Fri Apr 20, 2012 5:38am EDT April 20 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0900 GMT on Friday: ** Canada Pension Plan Investment Board (CPPIB) has agreed to buy a 49.99 percent stake in Italian motorway operator Atlantia's Chilean unit Grupo Costanera for about 857 million euros ($1.13 billion), the two groups said on Thursday. ** Private equity firm CVC Capital Partners is nearing a deal to buy restructuring and consulting firm AlixPartners for more than $1 billion, according to several people familiar with the matter. ** Japanese trading conglomerate Marubeni Corp is buying a 22 percent stake in Singapore reinsurer ACR Capital Holdings in a move that will provide ACR with new capital, the Singapore firm said on Friday. ACR did not disclose the amount of Marubeni's investment, but a source with knowledge of the matter said it will pay around $250 million, becoming a major shareholder alongside British private equity firm 3i, ** French financier Vincent Bollore could raise his stake in Vivendi to 5 percent, becoming the group's largest shareholder, and possibly take a seat on its board, newspaper Le Figaro said without citing sources. ** Germany's Merck KGaA will refrain from major takeovers until the end of next year to focus on cost cuts and job reduction, its chief executive said on Friday. ** BA and Iberia owner IAG said it had completed the acquisition of Lufthansa's UK airline bmi and that the price of the deal would be reduced after the German carrier failed to sell two of bmi's units. ** The advisor of Esso Malaysia Bhd's minority shareholders said on Thursday that they should reject the takeover offer by Petron Corp's unit as it was "not fair." ** If Research In Motion Ltd were to hire an investment bank it would be to help it license its BlackBerry software or to negotiate a strategic investment, not to help it sell the company, a source close to RIM said on Thursday. ** Italy's No.2 insurer Fondiaria-SAI said on Thursday it would seek improvements to a deal that would see it rescued by peer Unipol, but a widening judicial probe into the Fondiaria group risks complicating any agreement between the two sides. Link this Share this Digg this Email Reprints

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