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BlackRock, KKR sell Adnoc oil pipeline stake back to Abu Dhabi.
Itochu plans record $6.6bn investment to drive growth.
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Silver Lake , a technology investment firm, agreed to acquire Endeavor , a sports and entertainment company, for $13bn.
"Since 2012, Endeavor’s strategic partnership with Silver Lake and Egon Durban have been central to our evolution into the global sports and entertainment leader we are today. We believe this transaction will maximize value for all of Endeavor’s public stockholders and are excited to continue to unlock and invest in the growth opportunities ahead as a private company," Ariel Emanuel , Endeavor CEO.
Endeavor is advised by Centerview Partners , Akin Gump Strauss Hauer & Feld LLP , Cravath, Swaine & Moore LLP , Debevoise & Plimpton , 富而德律师事务所 , Latham & Watkins (led by Justin G. Hamill , Michael Anastasio and Ian Nussbaum )?and 博然思维集团 . Centerview Partners is advised by Sullivan & Cromwell LLP (led by Frank Aquila ). Silver Lake is advised by BDT & MSD Partners , 美国银行 , Barclays , 德意志银行 , 高盛 , J.P. 摩根 , KKR Capital Markets, 摩根士丹利 , RBC Capital Markets , The Raine Group , Kirkland & Ellis , Simpson Thacher & Bartlett LLP and 爱德曼 (led by Jennifer Stroud ). Debt financing is provided by 美国银行 , Barclays , 德意志银行 , 高盛 , J.P. 摩根 , 摩根士丹利 and RBC Capital Markets . Mubadala is advised by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Michael Leiter ).
Blue Owl Capital , an alternative asset management firm, agreed to acquire Kuvare Asset Management , a boutique investment management firm, for $1bn.
"The creation of Blue Owl Insurance Solutions represents a significant moment in Blue Owl's journey. Our acquisition of KAM allows us to provide broader solutions to the multi-trillion-dollar insurance market at scale. KAM's capabilities in investment grade credit and real estate strategies supplement Blue Owl's existing strength in these asset classes and further accelerate our ability to bring differentiated products and strategies to the market for Kuvare and third-party insurance clients," Doug Ostrover, Blue Owl Co-CEO.
Blue Owl is advised by Ardea Partners , BMO Capital Markets , 美国银行 , 德意志银行 , 高盛 , Greenhill & Co. , 瑞穗实业银行 , 摩根士丹利 , PJT Partners , Truist Securities and Kirkland & Ellis . Kuvare is advised by J.P. 摩根 , RBC Capital Markets and Sidley Austin LLP .
科莱恩 , a provider of specialty chemicals for industrial manufacturing processes, completed the acquisition of Lucas Meyer Cosmetics - by Clariant , a provider of ingredients for the cosmetics and personal care industry, from International Flavors & Fragrances IFF , a company that creates, manufactures, and supplies flavors and fragrances, for $810m.
“The acquisition of Lucas Meyer Cosmetics is a prime example of how we implement our purpose-led growth strategy and support our goal of accelerating customer- and sustainability-driven innovation. The complementarity in customer portfolio, product portfolio, and regional strongholds and capabilities in R&D and in marketing make the combination of Clariant and Lucas Meyer Cosmetics a leading solutions provider for high value personal care brands," Conrad Keijzer , Clariant Chief Executive Officer.
Clariant was advised by 安永 , 瑞银集团 and Simpson Thacher & Bartlett LLP (led by Sebastian Tiller ). International Flavors was advised by 摩根士丹利 and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Kyle Hatton and Brandon Van Dyke ).
BlackRock, KKR sell Adnoc oil pipeline stake back to Abu Dhabi.
BlackRock and KKR sold their 40% stake in Adnoc's oil pipeline network to an Abu Dhabi-based firm five years after acquiring the asset in a deal that marked the first investment by foreign asset managers in the infrastructure of a Gulf state-owned energy company, 彭博资讯 reported.
The firms sold their holdings to an entity called Lunate, which has $105bn of assets under management.
Itochu plans record $6.6bn investment to drive growth.
Japanese trading house 伊藤忠商事株式会社 said it will step up investment in growth segments, aiming for record spending of $6.6bn in the current financial year and a 10% rise in net profit, Reuters reported.
Unveiling its management plan for the 2024/25 year - in which Warren Buffett's Berkshire Hathaway holds a minority stake - said it aims to boost profit to a record 5.8bn from an estimated $5.3bn in the year just ended.
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