S&P Global Market Intelligence presents In Play Today, a periodic summary of potential deal activity in the financial sectors of Europe, the Middle East and Africa. This summary, which is displayed according to the location of a target's headquarters, is based on information obtained by S&P Global Market Intelligence and may not be inclusive of all potential deal activity.
* Swiss private equity firm Partners Group Holding AG is said to be closing in on a more than $2 billion deal, including debt, to buy out U.S.-based data analytics company Information Resources Inc. from asset manager New Mountain Capital.
* China-based Fosun International Ltd. is reportedly in talks with advisers as it considers acquiring all or parts of Ageas SA/NV, Bloomberg News reported. Fosun is said to be considering partnering with another entity to split Ageas or raising its current 3% stake in the Belgian insurer.
* FNZ (UK) Ltd. is planning a majority stake sale worth £2 billion, Sky News reported. Private equity firms General Atlantic LLC and H.I.G. Europe, which own about one-third of the fintech firm, are reportedly expected to sell their holdings in the company.
* Union Bancaire Privée UBP SA is close to acquiring London-based ACPI Investments Ltd., the Financial Times reported, noting that the deal is believed to be priced in line with the market average for asset managers of 1.5% to 2% of their AUM.
* Getin Noble Bank SA and Idea Bank SA's main shareholder Leszek Czarnecki is considering a merger of the two lenders due to increasing regulatory requirements and the ongoing consolidation of the Polish banking sector.
Middle East and Africa
* York Capital Management Global Advisors LLC has offered $45 million for the rights to manage Abraaj Group Ltd.'s network of emerging-market funds, Bloomberg News reported. Cerberus Capital Management LP reportedly offered $25 million for the fund management platform, while Abu Dhabi Financial Group is said to have made a fresh offer of $55 million.
* Ghana's Royal Bank Ltd. confirmed that it is in talks to merge with another lender. It did not name the bank it was talking to.
* Kuwait Finance House KSCP invited Bahrain-based Ahli United Bank BSC to sign a memorandum of understanding and nondisclosure agreement to commence a due diligence process for a potential merger. Should the merger proceed, the combined entity will have assets of $90.57 billion and will be the sixth-largest bank in the Gulf by that measure, Reuters noted.