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EQT Partners completed the acquisition of Baring Private Equity Asia for $7.4bn. (Financial Sponsor)
British Land weighs ￡590m Facebook London office sale. (Real Estate)
CMA orders Meta to sell Giphy.?
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EQT Partners, a purpose-driven global investment organization, completed the acquisition of Baring Private Equity Asia, a private markets investment firm in Asia, for $7.4bn.
"Asia is home to more than half of the world's population and predicted to generate over 40 percent of global GDP within ten years – as a result, it's expected that the growth of the Asian private market will accelerate at nearly double the pace of global markets through 2025. As a combined firm, we offer local experience and global capabilities – underlined by shared values – that puts EQT in an even stronger position to capture the opportunity through our leading investment strategies across private equity, infrastructure and real estate," Christian Sinding, EQT CEO and Managing Partner.
EQT Partners was advised by 安永 , 摩根士丹利 , AZB & Partners (led by Ashwath Rau, Rushabh Maniar and John Raghav ), Clifford Chance , Kirkland & Ellis (led by Roger Johnson and Adrian Duncan ), Vinge (led by Sofie Bj?rtun and Erik Sjoman), Greenbrook (led by Andrew Honnor ) and Kekst CNC (led by Daniel Yunger ). Baring Private Equity was advised by 高盛 , 摩根大通 , Mannheimer Swartling , Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Ariel Deckelbaum and Adam Wollstein ), Simpson Thacher & Bartlett LLP (led by Elizabeth Cooper ) and SEC Newgate.
Thoma Bravo, a private equity firm, completed the acquisition of Ping Identity, a provider of the intelligent identity solution for the enterprise, for $2.8bn.?
"This compelling transaction is a testament to Ping Identity's leading enterprise identity solutions, our talented team, and our outstanding customers and partners. Identity security and frictionless user experiences have become essential in the digital-first economy and Ping Identity is better positioned than ever to capitalize on the growing demand from modern enterprises for robust security solutions. We are pleased to partner with Thoma Bravo, which has a strong track record of investing in high-growth cloud software security businesses and supporting companies with initiatives to turbocharge innovation and open new markets," Andre Durand, Ping Identity CEO.
Ping Identiy was advised by 高盛 , Kirkland & Ellis (led by David Klein , Chelsea Darnell and Daniel Wolf ), 普衡律师事务所 (led by Steve Camahort ) and FGS Global (led by George Manolis and Paul Kranhold ). Thoma Bravo was advised by Goodwin (led by David Johanson, Joshua Zachariah , Joseph Theis, Jr. , James Ding and Dustin S. Baker ) and FGS Global (led by Elizabeth Micci ). Vista Equity Partners was advised by 美国银行 .
eCombustible Energy LLC , an innovator, and provider of customizable hydrogen-based fuel for thermal industrial applications, terminated its $805m merger agreement with Benessere Capital Acquisition Corp. , a SPAC.
Initially, companies went into a merger agreement on November 24, 2021, and eCombustible Energy was supposed to go public in an $805m deal.
British Land weighs ￡590m Facebook London office sale. (RE)
British Land , a property development and investment company, is planning to sell a portfolio of London buildings whose tenants include Facebook owner Meta Platforms, Bloomberg reported.
The London-based real estate investment trust has appointed an adviser to sell 10, 20 and 30 Brock Street which are valued at about ￡590m ($668m).
CMA orders Meta to sell Giphy.?
The Competition and Markets Authority finds that Meta's purchase of Giphy would limit choice for UK social media users and reduce innovation in UK display advertising. It also found the deal has removed Giphy as a potential challenger in the UK display advertising market, preventing UK businesses from benefiting from innovation in this market.
"This deal would significantly reduce competition in two markets. It has already resulted in the removal of a potential challenger in the UK display ad market while also giving Meta the ability to further increase its substantial market power in social media. The only way this can be addressed is by the sale of Giphy. This will promote innovation in digital advertising and also ensure UK social media users continue to benefit from access to Giphy," Stuart McIntosh, CMA Chair of the independent inquiry group carrying out the remittal investigation.
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