Welcome to the?Dealytics?weekly review where we list a summary of the top M&A deals, announcements, insights from the prior week.
-
Smurfit Kappa
agreed to acquire rival
WestRock Company
for $11 billion to create world's largest packaging company resulting in a combined value of about $20 billion (September 7, 2023).
-
The J.M. Smucker Co.
to acquire Twinkies maker,
Hostess Brands
, for $5.6 billion (September 11, 2023).
- @WT Microelectronics to acquire
Future Electronics
, a Canadian global distributor of electronic components, for $3.8 billion (September 14, 2023).
- Australia's largest pension fund,
AustralianSuper
, to acquire a minority stake in the EMEA (Europe, Middle East, Africa) division of
Vantage Data Centers
Management Co for $1.6 billion (September 11, 2023).
- Financial advisor,
Cetera Financial Holdings, Inc.
, to acquire wealth management solutions provider,
Avantax
, in an all cash deal for $1.2 billion (September 11, 2023).
-
KKR
to make a new significant investment in
USI Insurance Services
Corp. for about $1 billion (September 11, 2023).
(September 7, 2023) Ireland's Smurfit Kappa has agreed to acquire rival WestRock for $11 billion to create the world's largest paper and packaging company; the new company will be called Smurfit WestRock. WestRock shareholders will receive $43.51 per share in cash and stock representing a 36% premium.
-
Evercore
(Eduardo Mestre,
Mike Palm
, John Weinberg,
Jon Whitt
),
高盛
(
Matt McClure
,
Colin Convey
), and Lazard (
Donald Fawcett
,
Kenneth Jacobs
) served as financial advisor to WestRock
-
Clifford Chance
(
Enoch Varner
,
G David Brinton
,
Steven Fox
,
Nick Kinnersley
,
Simon Thomas
),
Cravath, Swaine & Moore LLP
(
Richard Hall
, Matthew Ploszek),
Paul, Weiss, Rifkind, Wharton & Garrison LLP
(
Laura Turano
, Scott Barshay, Cristina Amodeo) and @Fried, Frank, Harris, Shriver & Jacobson LLP (
Philip Richter
,
Roy Tannenbaum
) served as legal advisor to WestRock
-
Citigroup Global Capital Markets Inc.
(
Christina Mohr
) and
PJT Partners
served as financial advisors to Smurfit Kappa
-
富而德律师事务所
(
Piers Prichard Jones
,
Nick Jones
),
Matheson LLP
(
David Fitzgibbon
,
Maireadh Dale
,
Christian Donagh
,
David Jones
,
Susanne McMenamin
),
Wachtell, Lipton, Rosen & Katz
(
Andrew Brownstein
,
Igor Kirman
,
Victor Goldfeld
,
Gregory Pessin
) served as legal advisors to Smurfit Kappa
(September 11, 2023) JM Smucker Co to acquire Twinkies maker, Hostess Brands, for $5.6 billion in a cash and stock deal valued at $34.25 per share representing a 54% premium. The deal comes at the heels of a several transactions by Big Food
-
摩根士丹利
(
Michael Boublik
,
David Khayat
) served as financial advisor to Hostess Brands
-
Morgan, Lewis & Bockius LLP
(
Howard Kenny
,
Andrew Milano
,
Alec Dawson
) served as legal advisor to Hostess Brands
-
RBC Capital Markets
(
Larry Grafstein
,
Michael Foy, CPA
,
Albert Chang
) and
美国银行
served as financial advisor to JM Smucker
-
Wachtell, Lipton, Rosen & Katz
(
Gregory Pessin
,
Mark Koenig
,
Ron Chen
,
Steven Rosenblum
) served as legal advisor to JM Smucker
(September 14, 2023) Taiwan based semiconductor distributor, WT Microelectronics Co. to acquire Future Electronics, a Canadian global distributor of electronic components, for $3.8 billion.
-
Canaccord Genuity - Global Capital Markets
served as financial advisor to Future Electronics
-
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
served as legal advisor to Future Electronics
-
花旗
served as financial advisor to WT Microelectronics Co.
-
Osler, Hoskin & Harcourt LLP
(
Raphael Amram
),
Tsar & Tsai Law Firm
(
Jackie Lin
),
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
(
Leila Sayegh
,
Annie Villanueva Jeffers
,
Joseph Yaffe
,
John Adebiyi
,
Michael Leiter
,
Mike Mies
,
Peter Mair
) served as legal advisor to WT Microelectronics Co.
(September 11, 2023) Australia's largest pension fund, AustralianSuper Pty, to acquire a minority stake in the EMEA (Europe, Middle East, Africa) division of Vantage Data Centers Management Co for $1.6 billion. Vantage Data Centers is a sponsored by DigitalBridge Group, a leading global alternative asset manager dedicated to investing in digital infrastructure.
(September 11, 2023) Financial advisor, Cetera Holdings, to acquire wealth management solutions provider, Avantax Inc, in an all cash deal for $1.2 billion. Avantax shareholders will receive $26.00 per share in cash, representing a 30.3% premium from the closing price on September 8.
(September 11, 2023) KKR to make a new significant investment in USI Insurance Services Corp, a leader in risk management, employee benefits, and retirement consulting for about $1 billion. Under the terms of the agreement, KKR and USI to purchase the shares of USI currently held by CDPQ.
