Frendy Energy S.p.A. (FRE.MI)

Deals of the day-Mergers and acquisitions

** Private equity firm Advent International has bought a majority stake in Zimmermann from the founding family and Italy's Style Capital, in a deal which sources said values the Australian fashion brand at more than one billion U.S. dollars. ** Private equity firm Symphony Technology Group (STG) is nearing a deal to acquire media editing software maker Avid Technology Inc for close to $1.4 billion, including debt, according to people familiar with the matter.