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TOP NEWS
By Dawood Fakhir
Ride hailing service Lyft Inc. said Wednesday that it has agreed to acquire European competitor Freenow from BMW Group and Mercedes-Benz Mobility for approximately €175 million ($199 million) in a deal guided by Baker McKenzie and DLA Piper.
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By Dawood Fakhir
Private equity giant KKR & CO. Inc. has agreed to acquire German IT services company Datagroup SE for approximately €451 million ($512 million) in a deal guided by Heuking and Hengeler Mueller.
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By Tom Fish
Private equity firm Pollen Street subsidiary HSQ said Wednesday it has nearly completed its acquisition of Kingswood that values the business at £48 million ($63.7 million), having now bought or agreed to buy 99.27% of its shares.
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DEALS
By Najiyya Budaly
Reinsurer Compre Group said Wednesday that it has bought a U.S. subsidiary of French mutual insurer Covéa, to add to its portfolio of legacy insurance companies.
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By Matt Perez
Legal professionals anticipate the majority of mergers and acquisition engagements will be completed using artificial intelligence within the next five years, according to a survey published Tuesday by legal technology giant Litera, with nearly all respondents believing AI tools will become a standard part of document review and due diligence during the transaction process.
Study attached |
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CAPITAL MARKETS
By Irene Madongo
Mitie Group PLC rolled out a £125 million ($166 million) share repurchase program and unveiled a positive trading update for the new financial year on Wednesday.
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POLICY & REGULATION
By Najiyya Budaly
The financial watchdog said Wednesday that it plans to further simplify information provided to U.K. retail investors in post-Brexit Britain by removing the requirement for fund managers to report on small price movements while trades are executed.
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