MergerLinks Daily Review
MergerLinks
Join a community of 250,000+ M&A professionals. Expand your network and discover new business opportunities.
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.
Lightspeed raises over $7bn to fund early and growth-stage entrepreneurs. (FS)
KKR eyes over $2.7bn value for MYOB in ANZ talks. (FS)
You can access today’s complete newsletter?here .
Falcon's Beyond, a fully integrated global entertainment development company specializing in intellectual property creation and expansion, agreed to go public via merger with FAST Acquisition II, a special purpose acquisition company, in a $1bn deal.
"FAST II was built to identify and accelerate the growth of an exceptional company – we believe we have found that in Falcon's Beyond and its best-in-class management team. The extraordinary and wide-reaching breadth of its IP and brick-and-mortar opportunities, ideal unit economics and significant opportunity for expansion offers an exciting platform for growth in the entertainment category. Scott and Cecil both have tremendous experience and expertise in the space, and we believe that the Company is poised for rapid growth and will continue to lead experiential entertainment development and IP expansion. We are so pleased to be able to play an important role in guiding Falcon's Beyond on its path to becoming a publicly-traded company," Doug Jacob, FAST II Founder.
Falcon's Beyond is advised by Guggenheim Partners, White & Case and ICR. FAST II is advised by Jefferies & Company and Gibson Dunn & Crutcher . Jefferies & Company is advised by Paul Hastings .
Kistos, a closed-ended investment company, offered to acquire Serica Energy, a British-based independent upstream oil and gas company, for $1.2bn.
"While Serica has stated that its Board "can see industrial logic in combining the portfolios of the two companies", the Proposed Combination has been rejected by the Board of Serica. Accordingly, this announcement is being made by Kistos to urge Serica shareholders to encourage the Board of Serica to engage in constructive discussions with the Board of Kistos regarding the Proposed Combination," Kistos.
Serica Energy is advised by Peel Hunt, Rothschild & Co and Vigo Communications. Kistos is advised by Bank of America, Panmure Gordon & Co, Orrick Herrington & Sutcliffe , Camarco and Hawthorn Advisors.
Crestwood Equity Partners, a private equity firm, completed the acquisition of Sendero Midstream Partners, an oil and gas company, for $600m.
The Sendero Midstream transaction provides a natural catalyst to execute Crestwood's stated objective to consolidate First Reserve's 50% equity interest of CPJV, which enhances scale and removes the structural complexity of the joint venture in Crestwood's asset portfolio.
Sendero Midstream Partners was advised by Morgan Stanley and Latham & Watkins . Crestwood Equity Partners was advised by Citigroup, RBC Capital Markets, Locke Lord and Vinson & Elkins.
Lightspeed raises over $7bn to fund early and growth-stage entrepreneurs. (FS)
Lightspeed Venture Partners announced the closing of Lightspeed Venture Partners XIV-A/B with $1.98bn, Lightspeed Venture Partners Select V with $2.26bn, and Lightspeed Opportunity Fund II with $2.36bn of committed capital. Separately, Lightspeed India Partners announced the closing of a $500m early-stage fund.
"We believe in investing at the earliest stages of innovation, partnering with generational entrepreneurs who have clarity of vision, an insatiable desire to build something enduring, and the conviction and courage to compete and win against all odds. We love to partner with and even incubate companies around core dislocations in the enterprise landscape and to build relationships with prospective entrepreneurs years before they are ready to start building," Arif Janmohamed, Lightspeed Partner.
KKR eyes over $2.7bn value for MYOB in ANZ talks. (FS)
KKR is seeking a valuation of more than $2.7bn in a potential sale of accounting software business MYOB Group as the buyout firm continues talks with Australia & New Zealand Banking Group,?Bloomberg ?reported.
Discussions between ANZ and KKR are at an advanced stage. The Melbourne-based lender has been in talks for loans to finance the potential transaction.
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 .