Latham Steers DB Insurance In $1.65B US Insurer Buy

By Dawood Fakhir

South Korean insurer DB Insurance has completed the $1.65 billion cash acquisition of U.S. insurance company the Fortegra Group from Tiptree Inc. and private equity firm Warburg Pincus LLC after receiving all the required approvals from regulators and shareholders.

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Sidley Austin-Led Hiab To Buy Refuse Vehicle Co. For $1B

By Najiyya Budaly

Finnish industrial machinery business Hiab said Monday that it will buy Labrie Environmental Group, the Canadian manufacturer of refuse collection vehicles, from U.S. private equity firm Wynnchurch Capital LP for $1.035 billion in cash.

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UK Fintech OpenPayd To Go Public Via $1.15B SPAC Deal

By Sydney Price

Allen Overy Shearman Sterling and Winston & Strawn LLP are steering a deal under which financial infrastructure platform OpenPayd will be acquired and taken public at an estimated equity value of $1.15 billion by Titan Acquisition Corp., a special purpose acquisition company purportedly focused on high-growth fintechs, the parties announced Monday.

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Pinsent Masons-Led Drax To Buy Renewable Biz For £561M

By Dawood Fakhir

Energy company Drax said Monday that it has agreed to acquire renewable energy investor Bluefield for approximately £561 million ($755 million) in a take-private deal that will grow Drax's renewable power generation business in Britain.

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EasyJet Deems £3B Castlelake Bid 'Highly Opportunistic'

By Najiyya Budaly

Budget airline EasyJet said Monday that a proposed £3.06 billion ($4.11 billion) bid from Castlelake LP, an alternative investment firm, is "highly opportunistic" because its share price has been depressed since the conflict in the Middle East started.

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Analysis

EU Merger Guidelines Overhaul Leaves Door 'Slightly Open'

By Bryan Koenig

Antitrust lawyers are optimistic that European Union merger reforms will be more favorable toward transactions' potential efficiencies and benefits, but they are waiting to see if that new leniency is granted in practice.

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Brief

Investor Caledonian Completes Acquisition Of Fintech Aspire

By Irene Madongo

Investment company Caledonian Holdings PLC said Monday that it has completed its purchase of financial technology firm Aspire for a nominal cash consideration, implying an enterprise value of £9.33 million ($12.5 million).

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Brief

Shepherd & Wedderburn Advises Hostel Biz In £5M Deal

By Irene Madongo

European hostel group Safestay PLC said Monday that it has exchanged conditional contracts for the sale of its freehold property in Glasgow to an independent third-party investor for £5.1 million cash ($6.9 million).

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Brief

Hardware Firm To Bolster Windows Biz With £1M Acquisition

By Irene Madongo

Titon Holdings PLC, a British window and door business, said Monday that it has bought components company G-Pack in a transaction worth £1 million ($1.3 million), a move it anticipates will expand its product line.

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Brief

Howden Ireland Unit Snaps Up Financial Adviser

By Martin Croucher

A unit of insurance broker Howden Group has bought Dublin-based financial adviser Opes Private Clients Ltd.

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