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Deals of the day-Mergers and acquisitions

ReutersSep 19, 2025 8:01 PM

- The following bids, mergers, acquisitions and disposals were reported by 1945 GMT on Friday:

*Corporate travel and expense company Navan made public its paperwork for an initial public offering in the U.S. nL3N3V6173

E-commerce accelerator Pattern Group PTRN.O notched a valuation of $2.38 billion as its shares fell 3.6% in their Nasdaq debut, bucking the recent trend of strong first-day IPO performances. nL3N3V612H

*The CEO of Canada's Cenovus Energy CVE.TO pushed back criticisms of his company's bid for rival oil sands producer MEG Energy MEG.TO, telling Reuters the offer is fair and final. nL6N3V60LX

Abu Dhabi sovereign wealth fund Mubadala, the top shareholder in Turkish delivery company Getir, is exploring exiting all its Getir investments in Turkey including its financing and car rental businesses, according to two sources with knowledge of the matter. nL5N3V30RQ

Aquarian Holdings is in advanced talks to buy U.S. life insurance and annuity provider Brighthouse Financial BHF.O for roughly $70 per share, two people familiar with the matter said. nL6N3V60QC

OneDigital has announced a majority investment from funds managed by Stone Point Capital and Canada Pension Plan Investment Board, which will acquire a stake from existing shareholders including Onex. nL6N3V60QN

Insurer Generali GASI.MI and French bank BPCE have agreed to scrap the 50 million euro ($59 million) break-up fee that would be triggered if a proposed deal to merge their asset management businesses fails to go ahead, two sources told Reuters. nL2N3V60C4

Credit Agricole CAGR.PA has been working with Deutsche Bank and Rothschild on a potential merger of its Italian arm with Banco BPM BAMI.MI, three sources said. nL5N3V60TY

The Ferragamo family said it was not interested in any kind of "extraordinary transactions" involving the eponymous luxury company. nS8N3PH044

Miner and trader Glencore <GLEN.L> has been in talks about selling a controlling stake in Kamoto Copper Co, which controls a major copper and cobalt project in the Democratic Republic of Congo, Bloomberg News reported on Friday. nL6N3V60IC

AM Best said Northern Neck has agreed to purchase the preferred stock of Mutual Capital Investment Fund, one of Frederick Mutual's joint owners. The deal is subject to regulatory approval. nL6N3V60B3

Owners of Atletico de Madrid are in advanced talks to sell a majority stake in the top-tier Spanish soccer club to Apollo Global Management , according to three people with knowledge of the deal. nL5N3V41HD

British online trading platform IG Group said it had acquired Australian cryptocurrency exchange Independent Reserve for A$178 million ($117.41 million), expanding its digital offerings and presence in the Asia-Pacific region. nL3N3V60CW

Swedish private equity firm EQT has launched the sale of its Nordic digital infrastructure business GlobalConnect, at a potential valuation of 8 billion euros ($9.43 billion), the Financial Times reported citing unidentified sources. nL3N3V609A

Canadian private equity firm Onex Partners has announced that it will acquire program administrator Integrated Specialty Coverages from KKR. nL6N3V50YM

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