MergerLinks Daily Review

Welcome to MergerLinks Daily Review. Sign up here?to get the full round up of your daily dose of blue-chip M&A news directly to your inbox.

Goldman Sachs completed the acquisition of GreenSky for $2.24bn.

Axis Bank to acquire the?Indian consumer banking arm of Citigroup for $1.6bn.

Charter Hall and PGGM to acquire Irongate Group for $901m.

Lalamove seeks fresh funds at a $10bn valuation.

Cnooc weighs sale of $3bn UK North Sea portfolio.

You can access today's complete newsletter here.

Scroll down for more...

Goldman Sachs completed the acquisition of GreenSky for $2.24bn.

Goldman Sachs completed the acquisition of GreenSky, a fintech platform for home improvement consumer loan originations, for $2.24bn.

"The GreenSky team and I are thrilled to be joining Goldman Sachs. From GreenSky’s inception, our mission has been to deliver exceptional value helping businesses grow and delight their customers. In combination with Goldman Sachs, we’re excited to continue delivering innovative point-of-sale payment solutions for our merchant partners and their customers on an accelerated basis," David Zalik, GreenSky CEO.

GreenSky was advised by?Financial Technology Partners,?JP Morgan, Piper Sandler, Cravath Swaine & Moore, Troutman Pepper and Wilson Sonsini Goodrich & Rosati. Financial advisors were advised by?Simpson Thacher & Bartlett. Goldman Sachs was advised by?Goldman Sachs and?Sullivan & Cromwell.

Axis Bank to acquire the?Indian consumer banking arm of Citigroup for $1.6bn.

Axis Bank, an Indian banking and financial services company, agreed to acquire the Indian consumer banking arm of Citigroup, a multinational investment bank and financial services corporation, for $1.6bn.

"Our announced transaction with Axis, a leader in Indian financial services, represents an important milestone for our franchise and offers an excellent opportunity to our consumer banking colleagues in India. As we move forward with this transaction, India remains a key institutional market for Citi. In line with our broader strategic repositioning, we will continue to support our institutional clients in this core market and across APAC, delivering the full power of our global network to enable their growth," Peter Babej, Citi Asia Pacific CEO.

Citi is advised by Citigroup.

Charter Hall and PGGM to acquire Irongate Group for $901m.

Charter Hall, a property invester and funds manager, and PGGM, a cooperative pension investor, agreed to acquire Irongate Group, a real estate investment trust company, for $901m.

"We are pleased to continue our partnership with PGGM with the expansion of our industrial and logistics mandate. This Transaction further demonstrates Charter Hall's track record of structuring and executing take private transactions alongside our wholesale capital partners, following the successful acquisition of ALE Property Group by Charter Hall Long WALE REIT and Hostplus in 2021," David Harrison, Charter Hall Managing Director and CEO.

Irongate is advised by JP Morgan, Macquarie Group, Cliffe Dekker Hofmeyr and King & Wood Mallesons. Charter Hall is advised by Morgan Stanley.

Lalamove seeks fresh funds at a $10bn valuation.

Chinese on-demand logistics and delivery firm Lalamove is considering raising about $500m in new funds at a valuation of roughly $10bn,?Bloomberg?reported.

The startup had been weighing a $1bn Hong Kong IPO after preparations for a US debut stalled. The listing could proceed later than anticipated on account of market volatility.?

Cnooc weighs sale of $3bn UK North Sea portfolio.

Cnooc is considering a sale of its UK North Sea portfolio, in what could be one of the biggest disposals in the aging basin by a foreign firm in recent years,?Bloomberg?reported.

China’s biggest offshore oil and gas driller has been reviewing its overseas operations and could kick off a sale process for the UK holdings as soon as the next few weeks. The assets could be valued at as much as $3bn.

Interested to find more? Sign up here?to get full round up of your daily dose of blue-chip M&A news directly to your inbox.

You can access today's complete newsletter here.