May 16, 2019 / 10:06 AM / 10 days ago

Deals of the day-Mergers and acquisitions

(Adds WPP, Keurig Dr Pepper; Updates Air Canada’s)

May 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Nestle SA has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.12 billion), as the food group shifts its portfolio in response to changing consumer demands.

** Goldman Sachs Group Inc agreed to buy boutique wealth management firm United Capital Financial Partners Inc for $750 million in its biggest deal since the financial crisis.

** Welding and valves manufacturer Colfax Corp said it had agreed to sell its air and gas handling unit to private equity firm KPS Capital Partners in a deal valued at $1.8 billion.

** Air Canada’s bid to buy Canadian tour operator Transat AT would boost its leisure travel business at a time when the carrier faces a potential turnaround in rival WestJet Airlines, but the deal could attract regulatory scrutiny.

** WPP has shortlisted a series of U.S. buyout funds to submit binding bids for a majority stake in its data analytics unit Kantar as it wants to finalise the sale in late June, four sources familiar with the matter told Reuters.

** JAB Holding Co, the majority owner of Keurig Dr Pepper Inc, plans to sell a small stake in the coffee and beverage company to increase its public float, the company said.

** German lighting group Osram said that talks with Bain and Carlyle Group Lp were continuing, after a report said the private equity groups could bid 35 euros per share for the company.

** KCB Group, Kenya’s biggest lender by assets, said it expects to complete its acquisition of National Bank of Kenya by October.

** British sandwich and coffee shop chain Pret A Manger is nearing a deal to buy smaller rival Eat, in a push to ramp up its offerings for vegetarian and vegan consumers, Evening Standard reported citing sources.

** Australia’s anti-trust regulator apologised “unreservedly” for publishing confidential information about its decision to block a $10 billion merger of TPG Telecom Ltd and Vodafone Group Plc’s Australian joint venture, blaming a flaw in its website.

** Arkema SA will buy U.S. company ArrMaz in a deal worth $570 million on an enterprise-value basis, which should boost the French specialty chemicals group’s earnings and strengthen its presence in the performance additives sector.

** French tyre maker Michelin has agreed to buy telematics company Masternaut for an undisclosed amount, in a deal Michelin said would increase its presence in the field of customer services.

** South Korea’s chips-to-energy conglomerate SK Group has agreed to buy 6.1% of Vietnam’s largest firm, Vingroup JSC , for $1 billion as it expands its investments in the Southeast Asian country.

** Superloop Ltd said it has ended exclusive talks with QIC Private Capital Pty Ltd over a A$493.9 million ($342.0 million) takeover offer for the telecommunications infrastructure company.

** German food delivery company Delivery Hero SE announced an investment in biodegradable packaging manufacturer Bio-Lutions as governments and companies around the world seek to reduce plastic waste.

** ExxonMobil Corp has agreed to sell down its holding in the P’nyang gas field in Papua New Guinea to Santos Ltd, giving the Australian company a stake in the field that will help feed an expansion of Exxon’s PNG LNG project. (Compiled by Nivedita Balu and Uday Sampath in Bengaluru)

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