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Victory Park Capital closed its asset-backed opportunistic credit strategy on $2.4bn. (FS)
Total, Adani team up for $5bn India hydrogen project.
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Harold G. Hamm, the CEO of Continental Resources, offered to take oil and gas explorer and producer Continental Resources private in a $25.41bn deal.
"On behalf of myself, the Harold G. Hamm Trust and certain trusts established for the benefit of my family members, I am pleased to submit this proposal pursuant to which a newly formed entity on behalf of the Hamm Family would acquire for cash all of the outstanding shares of common stock of Continental Resources, other than shares of common stock owned by the Hamm Family and shares of common stock underlying unvested equity awards under Continental's long-term incentive plans, subject to the negotiation of satisfactory definitive agreements and the other matters described below," Harold G. Hamm.
Harold G. Hamm is advised by Intrepid Partners and Vinson & Elkins .
Carrefour Brazil, a Brazilian wholesale hypermarket, completed the acquisition of Grupo BIG Brasil, the third-biggest food retailer in Brazil, from Advent International and Walmart, an American multinational retail corporation, for $1.3bn.
“With the acquisition of Grupo BIG, we are completing a strategic move, not only for Carrefour in Brazil, but for the Group as a whole. Our history in Brazil is a perfect reflection of our ambition: within a few years, we conquered leadership, created a vast ecosystem of formats and services and built a powerful and committed powerhouse – while still benefitting from a huge potential for additional growth," Alexandre Bompard, Carrefour Chairman and CEO.
Grupo BIG was advised by Credit Suisse and Mattos Filho Veiga Filho Marrey Jr. e Quiroga Advogados . Carrefour was advised by Goldman Sachs, Barbosa Mussnich & Aragao, Machado Meyer Sendacz e Opice Advogados , Sullivan & Cromwell and Brunswick Group. Advent was advised by Ropes & Gray .
OPTrust-backed Kinetic Holding, a transportation services provider, and Globalvia Inversiones, a construction services provider, agreed to acquire Go-Ahead, a transportation services provider, for ￡650m ($793m).
Australian transit operator Kelsian Group mulls a counter offer for Go–Ahead Group.
"This is a compelling offer which combines an attractive valuation for shareholders with bright prospects for Go-Ahead's operations and colleagues around the world. We have confidence in Go-Ahead's future as an independent business, but see that being part of a truly global mass transit platform will yield exciting opportunities. We welcome the commitment of Kinetic and Globalvia to invest in the decarbonisation and digitalisation of our operations, and to support our strategy, The Next Billion Journeys," Christian Schreyer, Go-Ahead CEO.
Go-Ahead is advised by Investec, Peel Hunt, Rothschild & Co, Herbert Smith Freehills and Citigate Dewe Rogerson. Kelsian Group is advised by JP Morgan, Citadel Magnus. Globalvia is advised by Santander, UBS, Linklaters and Tulchan Communications.
Victory Park Capital closed its asset-backed opportunistic credit strategy on $2.4bn. (FS)
Victory Park Capital, a global alternative investment firm specializing in private credit, held the final close for Asset Backed Opportunistic Credit strategy.
The fund is oversubscribed at $2.4bn of committed and investable capital, including separately managed accounts investing alongside the fund. The strategy seeks to provide customized credit solutions to established and emerging, asset-rich companies with strong growth trajectory.
Total, Adani team up for $5bn India hydrogen project.
French giant TotalEnergies and Indian billionaire Gautam Adani’s conglomerate plan to invest $5bn to produce green hydrogen and related products in India as the world’s third-largest polluter seeks to decarbonize, Bloomberg reported.
“To meet India’s energy transition goals, we need big money and technology to come into the green hydrogen sector to drive down the costs,” Debasish Mishra, Deloitte Touche Tohmatsu Partner.
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