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SoftBank's Son seeks about $100bn for AI chip venture. (FS)
Web cartoons platform eyes $4bn value in US summer IPO.
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BAE Systems , a company that develops, delivers, and supports advanced defense and aerospace systems, completed the acquisition of the aerospace business of Ball Corporation , a company that operates in containers and packaging sector, for $5.55bn.
"This marquee acquisition would advance our company's position in some of the fastest growing segments of the defense market and further increase our alignment with enduring customer priorities in both the US National Defense Strategy and US Intelligence Strategy. Ball Aerospace's world-class products, capabilities and deep customer relationships would enhance our existing portfolio in areas including space, C4ISR and missile systems. We believe BAE Systems and Ball Aerospace share a culture of mission-driven innovation and operational excellence. We look forward to sustaining the historic legacy of Ball Aerospace and investing in its future," Tom Arseneault, BAE Systems President and CEO.
BAE Systems was advised by 美国银行 (led by Steven Baronoff ) and 花旗 (led by Philip Drury ). Debt providers were advised by 年利达 (led by Toby Grimstone ). Ball was advised by 摩根士丹利 , Axinn, Veltrop and Harkrider (led by Nick Gaglio ) and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by David C. and Shilpi Gupta ).
General Atlantic , an American growth equity firm, and Stone Point Capital , an investment firm, agreed to acquire HireRight , a global background screening services and workforce solutions provider, for $1.65bn.
"We are pleased to have reached this agreement with General Atlantic and Stone Point, which delivers a significant and immediate cash premium to HireRight's unaffiliated stockholders," Guy Abramo, HireRight President and CEO.
HireRight is advised by Centerview Partners , Davis Polk & Wardwell LLP and Collected Strategies (led by Jim Golden ). General Atlantic and Stone Point are advised by 高盛 and RBC Capital Markets . General Atlantic is advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Cullen Sinclair and Matthew Abbott). Stone Point is advised by Simpson Thacher & Bartlett LLP .
Gabon Oil Company (GOC) , the national oil and gas company of the African nation of Gabon, agreed to acquire Assala Energy , an energy company acquiring mature oil and gas assets in Africa, from 凯雷投资集团 , a private equity firm, for $1.3bn.
Assala Energy holds seven onshore production licenses in Gabon – of which it operates six – along with a pipeline network and the Gamba export terminal. Representing the country's second-largest producer, the company has concentrated on brownfield assets in Gabon and implemented high-quality maintenance, risk management, workovers and well interventions to maximize production from mature fields.
SoftBank's Son seeks about $100bn for AI chip venture. (FS)
SoftBank Group Corp. Chief Executive Officer masayoshi Son is looking to raise up to $100bn for a chip venture that will rival 英伟达 ,?DealStreetAsia ?reported.
The project, code-named Izanagi, will supply semiconductors essential for artificial intelligence.?The company would inject $30bn into the project, with an additional $70bn potentially coming from Middle Eastern institutions.
Web cartoons platform eyes $4bn value in US summer IPO.
NHN集团 has enlisted 高盛 and 摩根士丹利 to work on a US initial public offering for its online comics operator over the summer, accelerating the much-anticipated market debut of one of its fastest-growing businesses, Bloomberg reported.
The company could seek to raise as much as $500m at a valuation of $3bn to $4bn. It’s targeting a timeframe of as early as June and could invite more underwriters apart from the two investment banks. The timing however may ultimately hinge on market conditions and there’s no guarantee Naver will go ahead.
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