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Byju’s targets IPO valuing tutoring arm at up to $4bn.
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Marathon Oil Corporation , an independent exploration and production company, primarily focusing on unconventional resources, agreed to acquire the Eagle Ford assets of Ensign Natural Resources , an operator of an exploration and production company focused on acquiring, developing, and producing US unconventional resources, for $3bn.
"The transaction is immediately accretive to our key financial metrics; it will drive higher distributions to our shareholders consistent with our operating cash flow driven Return of Capital Framework; it's accretive to our inventory life with high rate-of-return locations that immediately compete for capital, and it offers compelling industrial logic by nearly doubling our position in a Basin where we have a tremendous track record of execution excellence. Importantly, we expect to execute this transaction while maintaining our investment grade balance sheet and while still delivering on our aggressive return of capital objectives in 2022 and beyond," Lee Tillman , Marathon Oil Chairman, President and CEO.
Marathon Oil is advised by 摩根士丹利 and White & Case LLP (led by? Emery Choi ?and? Mingda Zhao ). Debt financing is provided by 摩根士丹利 . Ensign Natural Resources is advised by Evercore , J.P. 摩根 and Sidley Austin LLP .
Churchill Downs Incorporated , a racing, online wagering, and gaming entertainment company, agreed to acquire Peninsula Pacific Entertainment (P2E) , an operator of gaming venues, for $2.75bn.
"This unique set of assets expands our geographic footprint and provides additional scale. P2E has done an exceptional job developing and managing this collection of assets, which we are very excited to acquire and plan to strategically grow in the years ahead," Bill Carstanjen, Churchill Downs CEO
Peninsula Pacific Entertainment was advised by 瑞信 and Latham & Watkins (led by? Trina Chandler ,? Caroline Blitzer Phillips ?and?Brett Rosenblatt). Churchill Downs was advised by 麦格理集团 and Sidley Austin LLP (led by? Brian Fahrney ,? Brent Steele ?and? Jack Melamed ). Macquarie Group was advised by Alston & Bird (led by? Stuart Rogers ).
Bain Capital, an American private investment firm, Corbis, company operating mainly in the infrastructure, mining & metals and electric power sector, Security Trading, an investment company, and Fennogens Investments, an investment management firm, offered to acquire Caverion, an industrial services provider, for €955m.
“The offer made by the consortium provides clear evidence that Caverion’s goal to achieve “Sustainable Growth” by delivering to our customers along the building’s lifecycle and assisting in their Smart Building and green transitions is an attractive strategy for the future. I believe that with the support and resources from Bain Capital and the Consortium we will be able to further accelerate our business and deliver value to all stakeholders. We at Caverion continue our daily work as usual, focusing on serving our customers and working together across the company,” Jacob G?tzsche , Caverion President and CEO.
Caverion is advised by 美国银行 and Castrén & Snellman . Bain Capital is advised by Advium Corporate Finance , 法国巴黎银行 , 高盛 , Nordea , Hannes Snellman , Kirkland & Ellis and Roschier .
Investor Connect & FAQ AI | Investor Relations AI ChatBots , a China-based company that provides smart campus solutions and other educational services, agreed to merge with Aiways , a global new energy vehicle brand, in a $5.5bn deal. The AIWAYS shareholders will own 99.2% of the combined company, while CLEU shareholders will own 0.8%.
"I am thrilled about this merger opportunity. Over the past years, AIWAYS has grown tremendously with the tailwind of a booming new energy vehicles market in China. With access to the capital market, we firmly believe that this combination offers the best opportunities for us to further market expansion, improve innovation and achieve long-term growth goals," Yang Zhang, AIWAYS CEO.
China Liberal Education Holdings is advised by Ascent Investor Relations LLC (led by? Tina Xiao ).
Byju’s targets IPO valuing tutoring arm at up to $4bn.?
India’s most valuable startup, online-education giant BYJU'S , is finalizing plans for a $1bn initial public offering of its tutoring business Aakash Educational Services Limited ,?Bloomberg?reported.
The company is in talks with at least four foreign banks, J.P. 摩根 , 花旗 , 高盛 and 摩根士丹利 , as well as Indian banks including Kotak Mahindra Bank and Axis Bank as it seeks arrangers for the listing. The unit may be valued at $3.5bn to $4bn.
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