M&A Deals

Clayton, Dubilier & Rice said July 30 that it completed the sale of Tranzact to Willis Towers Watson for $1.3 billion.

London Stock Exchange Group plc agreed Aug. 1 to buy Refinitiv, a financial data provider, for about $27 billion. The deal will result in Refinitive shareholders, including Blackstone and Thomson Reuters, owning about 37 economic interest and less than 30 percent of total voting rights of the LSEG.

J.C. Flowers & Co LLC said Aug. 1 that it sold Acuon Capital to Baring Private Equity Asia. Financial terms weren’t announced. Acuon, of Seoul, is a consumer finance and leasing company with a $3.9 billion total loan portfolio and 335,000 customers.

PCS Retirement LLC, which is backed by LLR Partners, has acquired Aspire Financial Services, a provider of smart retirement solutions, serving advisers, plan sponsors and third-party administrators. No financial terms were disclosed.

Mitsubishi UFJ Trust and Banking Corporation has acquired First State Investments, an investment manager, from Commonwealth Bank of Australia. The purchase price is $2.7 billion.

EPIC Insurance Brokers and Consultants, a portfolio company of Oak Hill Capital Partners, said Aug. 8 that it acquired Trumark Insurance & Financial Services. Financial terms weren’t announced. Trumark, of Pleasanton, California, is a brokerage/general agency specializing in the institutional financial advisory market.

Assured Guaranty US Holdings Inc, a subsidiary of Assured Guaranty Ltd, has agreed to acquire BlueMountain Capital Management, an alternative asset management firm. The purchase price is about $160 million. The deal is expected to close in the fourth quarter of this year.

CIT Group Inc said Aug. 13 that it agreed to buy Mutual of Omaha Bank for $1 billion. The deal will be comprised mainly of cash and up to $150 million of CIT common stock. Mutual of Omaha, founded in 1909, insurance and financial products for individuals, businesses and groups throughout the United States.

Crescent Capital BDC Inc, a business development company, has agreed to acquire Alcentra Capital, which provides customized debt and equity financing solutions to middle-market companies. The total price of the deal is about $141.9 million. The transaction is expected to close in the fourth quarter of this year. BofA Merrill Lynch served as financial adviser to Crescent BDC. while Houlihan Lokey did likewise for Alcentra Capital.

Nuvei said Aug. 14 that it closed its buy of SafeCharge International Group Ltd for $889 million. SafeCharge, of the U.K., is a payments company. Nuvei is backed by Novacap and Caisse de dépôt et placement du Québec. The deal was announced in May.