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Framework Ventures raises $400m for third fund, ermarks half for web3 gaming. (FS)
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KKR & Co offered to acquire Ramsay Health Care, an Australian multinational healthcare provider and hospital network, for $14.8bn.
Ramsay said the talks with KKR were preliminary and that the consortium could withdraw the proposal now that it was no longer confidential.
Ramsay Health Care is advised by UBS and Herbert Smith Freehills.
Samsung Biologics, a South Korean biotechnology company, completed the acquisition of the remaining 50% stake in Samsung Bioepis joint venture from Biogen, an American multinational biotechnology company based in Cambridge, for $2.3bn.
"We are thankful to Samsung Biologics for a productive collaboration since 2012. We believe biosimilars are essential to help sustain healthcare systems and represent an important value creation opportunity for Biogen," Michel Vounatsos, Biogen CEO.
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Samsung Biologics was advised by Citigroup.
Avient, a global manufacturer of specialized polymer materials, agreed to acquire the protective materials business of Royal DSM, a Dutch multinational corporation active in the fields of health, nutrition and materials, for €1.4bn ($1.5bn).
"We are very pleased to have reached agreement to acquire DSM Protective Materials and lead this exceptional business into the future. We are eager to continue investing in innovation and sustainable solutions, further accelerating the remarkable impact and possibilities of the business and Dyneema? brand. To the DSM Protective Materials employees, we look forward to you joining our team, which is proudly a certified Great Place to Work?," Robert M. Patterson, Avient Chairman, President and CEO.
Royal DSM is advised by JP Morgan. Avient is advised by Jones Day. Debt financing was provided by Morgan Stanley and JP Morgan.
KE Holdings, an online and offline platform for housing transactions and services, completed the acquisition of Shengdu, a home renovation services company, for $1.2bn.
“We are excited to welcome Shengdu to join us and look forward to the strong synergies to be realized from the acquisition. We tapped into the home renovation industry in 2019 through the launch of our home renovation brand, Beiwoo, and believe the development of the industry calls for high-quality service, high-quality service providers, and standardized management and technology, which are what Shengdu and us believe in and zealously strive to achieve," Stanley Yongdong Peng, KE Holdings Chairman and CEO.
KE Holdings was advised by The Piacente Group.
Framework Ventures raises $400m for third fund, ermarks half for web3 gaming. (FS)
Framework Ventures, one of the earliest venture firms to enter the Decentralized Finance space, announced the completed raise of “FVIII”, an oversubscribed $400m fund for investment in early-stage blockchain gaming, Web3, and DeFi startups and networks.?
Approximately 50%, or $200m of FVIII will be earmarked for investments in the burgeoning blockchain gaming space. With the closing of its third fund, Framework now manages approximately $1.4bn in assets, making it one of the largest venture investment firms in the blockchain industry. 90% of Framework’s managed assets are from a small set of institutional stakeholders.?
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