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Deals of the day-Mergers and acquisitions

ReutersMar 3, 2025 9:05 PM

Adds: Amwins, OMV, Higginbotham

- The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

*Texas-based insurance, financial and HR services firm Higginbotham has acquired Program Insurance Group, an independent agency based in Georgetown, Texas, that offers EZ CERT, a nationally deployed insurance certificate tracking service for franchisors and franchisees. nL6N3PM0OH


* Austria's OMV OMVV.VI and Abu Dhabi National Oil Company said on Monday they have reached a $9.7 billion deal to acquire Canada's Nova Chemicals through a joint venture, OMV said in a statement. nL3N3PM1FE


*Amwins has acquired Folsom, California-based Community Association Insurance Solutions (CAIS), an MGA and program administrator specialising in insurance solutions for homeowners' associations (HOAs), townhomes, condominiums, and planned unit developments (PUDs). nL6N3PM0J6

Genesis Energy said it had sold its soda ash manufacturing and related operations to an indirect unit of WE Soda for $1.43 billion, helping the pipeline operator to focus on the midstream energy sector. nL3N3PM0TU

Chubb has reached agreements to acquire the property and casualty insurance businesses of Liberty Mutual in Thailand and Vietnam. nL6N3PM0BX

Dutch bank ING said it has agreed to buy a 17.6% stake in Van Lanschot Kempen , which would take its total stake in the Dutch private wealth manager to 20.3%. nL2N3PM07Q

Real estate income trust Welltower said on Sunday it will acquire Canada-based senior living company Amica Senior Lifestyles' portfolio from the Ontario Teachers' Pension Plan for C$4.6 billion ($3.18 billion). nL3N3PL051

Private equity group Clearlake Capital is close to a deal to buy a majority stake in Modernizing Medicine (ModMed) that could value the medical software provider at $5.3 billion including debt, the Financial Times reported on Sunday. nL3N3PL06N

Italian luxury group Prada 1913.F is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings CPRI.N after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday. nL2N3PL06W

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