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Equity Group-backed Ardent Health filed for IPO in a $5bn valuation. (Financial Sponsors)
Sabesp kicks off $3bn Brazil share sale.
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British soft drinks maker Britvic plc has rejected a $3.93bn takeover proposal from Carlsberg Group , the second approach from the Danish brewer it has turned down.
The Danish company said it was weighing its options after Britvic rejected two proposals it had put forth. It added that any formal offer, if made, would be in cash and fully financed through debt, Reuters reported.
Britvic is advised by Europa Partners , 摩根士丹利 , 年利达 and Headland . Carlsberg is advised by Nomura , 贝克?麦坚时 and 博然思维集团 .
United Hydrogen , a comprehensive hydrogen solution company, agreed to go public via a SPAC merger with Aimei Health Technology, a special purpose acquisition company, in a $1.6bn deal.
"United Hydrogen has been expanding alongside the hydrogen energy market for several years. Our mission, Living in Harmony with Nature, represents our consistent endeavor to build a clean and bright future. We have accumulated extensive knowledge and expertise across the entire hydrogen value chain, assisting clients from various sectors in achieving their green business objectives. Our comprehensive involvement from hydrogen production to end-user applications has led to consistent growth and performance. We are thrilled to partner with AFJK, as we have aligned visions for the market and business model. We are confident that the AFJK team will be instrumental in helping us achieve our long-term goals and success," Ma Xia, United Hydrogen Founder.
United Hydrogen is advised by CTM(Chain Stone Capital) , Harneys , MagStone Law, LLP and Yongxing Law Firm. Aimei Health Technology is advised by 国浩律师事务所 , Hunter Taubman Fischer & Li LLC and Ogier .
Thunder Power (TPEV) , a developer of premium passenger EVs, went public via a SPAC merger with Feutune Light Acquisition, a publicly traded special purpose acquisition company, for $600m.
"We are delighted by our closing and impending listing on Nasdaq. Our new access to the capital markets will enable the next phase of our vehicle development. Our vehicles, with their innovative design, advanced technology and AI integration, are coming at the perfect time in our focused markets such as Taiwan," Wellen Sham, TPHL Founder.
Thunder Power was advised by ARC Group and Brown Rudnick LLP . Feutune Light was advised by D. Boral Capital , US Tiger Securities, Inc. and Robinson+Cole .
Equity Group-backed Ardent Health filed for IPO in a $5bn valuation. (FS)
Hospital operator Ardent Health , whose majority owner is Equity Group Investments , has filed for an initial public offering. Ardent could seek to raise $400m or more in the offering, with the company valued at about $5bn.
Ardent Health intends to use the net proceeds from the proposed offering to repay certain existing indebtedness and for general corporate purposes.
Ardent’s IPO is being led by J.P. 摩根 , 美国银行 , 摩根士丹利 , Capital One , Loop Capital , Stephens , 花旗 , Leerink Partners , RBC Capital Markets , Truist Securities , and 瑞穗实业银行 .
Sabesp kicks off $3bn Brazil share sale.
Sabesp , Latin America’s biggest water utility by market value, launched a share offering that may become the region’s largest in two years.
Sao Paulo state, which owns a controlling stake in Cia de Saneamento Basico do Estado de Sao Paulo, as the Brazil utility is formally known, is offering 192m existing shares for sale. If an over-allotment is fully sold, it could add as many as 29m shares to the transaction. At current market prices, that means the transaction could raise up to $3bn, while Sao Paulo’s stake in Sabesp could fall to 18% from the current 50.3%, effectively privatizing the company. The deal is expected to price on July 18.
Sabesp is working with? BTG Pactual, 瑞银集团 , 美国银行 , 花旗 and Itaú Unibanco on the equity deal.?Bradesco BBI, 高盛 , J.P. 摩根 , J. Safra Sarasin , 摩根士丹利 , Santander and XP Inc. are the joint bookrunners, Bloomberg reported.
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