M&A
Ingersoll Rand to sell Club Car to Platinum Equity in $1.68bn deal
Ingersoll Rand has agreed to sell its specialty vehicle technologies segment, Club Car, to private equity firm Platinum Equity in a $1. 68bn deal.
Italy’s DiaSorin to buy Luminex for $1.8bn
Italian diagnostics group DiaSorin has agreed to buy Covid-19 test maker Luminex for $1. 8bn in cash.
Sanne to buy Texas-based STRAIT for up to $45m, raise £80m in placing
Sanne said on Wednesday that it has agreed to buy Texas-based STRAIT, a private equity and hedge fund administration business, for up to $45m, as it announced a placing to raise around £80m to push ahead with its acquisition strategy.
Toshiba mulls $20bn bid proposal from CVC
CVC Capital Partners is reported to have offered more than $20bn (£14. 5bn) to buy Toshiba, setting up a potential bidding war between private equity groups for the Japanese conglomerate.
Croda buys French fragrance business for €45m
UK chemicals firm Croda International said it had bought French fine fragrance business Parfex for €45m.
Softbank to buy 40% stake in robotics company AutoStore for $2.8bn
Japan’s Softbank has agreed to buy a 40% stake in Norwegian robotics and software company AutoStore for $2. 8bn.
John Laing sells Irish windfarm, buys into German FTTP firms
Infrastructure investor John Laing said it had sold its Glencarbry wind farm in Ireland to Greencoat Renewables for €31. 2m (£26. 6m) as it continued to reduce its exposure to renewable energy assets.
Quilter to sell international business to Utmost for £483m
Quilter has agreed to sell its international business to life assurance company Utmost for around £483m as it looks to simplify the group and focus on its higher growth UK wealth management business.