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Saudi Aramco plans to invest in a $7bn project of South Korean affiliate S-Oil.?
Sumitomo Realty to invest $3.6bn in Indian?office building projects. (Real Estate)
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美国参数技术公司 , a firm that develops and delivers technology solutions, agreed to acquire ServiceMax, a PTC Technology , a software provider, from Silver Lake , a private equity firm, for $1.5bn.
"ServiceMax and PTC have a longstanding relationship rooted in the common profile of our customers, the natural synergies of our products, and a shared understanding of the importance of product data at different stages of the lifecycle. PTC has a strong and consistent track record of success, and now following the growth and innovation we've achieved during our partnership with Silver Lake, we're excited for the ServiceMax team to strengthen the service offerings of PTC's digital thread and closed-loop PLM portfolio," Neil Barua, ServiceMax CEO.
ServiceMax is advised by Barclays and Ropes & Gray LLP . PTC is advised by Centerview Partners (led by? David Hess ) and Goodwin . Debt financing is provided by 美国银行 , Huntington National Bank , J.P. 摩根 and TD Securities .
Diamondback Energy , an independent oil and natural gas company, agreed to acquire the leasehold interest and related assets of Lario Permian, a wholly owned subsidiary of Lario Oil & Gas Company , a provider of oil and gas exploration services, for $1.55bn.
"Lario is an attractive bolt-on to our existing Martin County position, home to some of the best rock in the Permian Basin. This is a deal that checks all the boxes Diamondback looks for in an acquisition, as it brings over 150 gross locations in the core of the Northern Midland Basin and also provides immediate accretion to all relevant financial metrics, enhancing Diamondback's overall value proposition to our stockholders," Travis Stice, Diamondback Chairman and CEO.
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Diamondback Energy is advised by Jefferies and Kirkland & Ellis . Lario is advised by J.P. 摩根 , Boigon Law and Vinson & Elkins (led by? John Grand ,? Doug McWilliams ?and? Brian Moss ).
Digital Virgo , a French global platform for payment and monetization of digital content and services, agreed to go public via a SPAC merger with GOAL ACQUISITIONS (HOLDINGS) LIMITED in a $513m deal.
"After years of steady growth and profitability, now is the time for us to go public and pursue more rapid growth by satisfying customer demand for a one-destination platform that fulfills their content, commerce, and financial needs. It's also the right moment to bring our offerings to the US market. We've resisted previous pushes to go public, but in Goal Acquisitions Corp., we found exactly the right partner. Their team not only has the experience in building businesses and advising companies but also has the global relationships in sports, media, games, and other areas that will allow us to develop new partnerships leading to more rapid customer acquisition and premier content creation to enhance the platform and grow revenue and profitability," Guillaume Briche, Digital Virgo CEO.
Digital Virgo is advised by Peltier Juvigny Marpeau & Associés and Winston & Strawn LLP (led by? Michael J. Blankenship ). Goal Acquisitions is advised by Citizens JMP and Proskauer Rose LLP . JMP Securities is advised by Latham & Watkins .
Saudi Aramco plans to invest in a $7bn project of South Korean affiliate S-Oil.?
aramco plans to invest in a $7bn project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil’s?refining complex in the port city of Ulsan.
The project, named Shaheen, is the Saudi company’s biggest investment in South Korea and will mark the first commercial use of Aramco and Lummus technology to produce chemicals from crude,?DealStreetAsia?reported.
Sumitomo Realty to invest $3.6bn in Indian office building projects. (RE)
Japan’s SUMITOMO REALTY & DEVELOPMENT CO., LTD. will invest JPY500bn ($3.58bn) in office building projects in India, expanding in what is projected to become the world’s most populous nation mere months from now.
The company recently spent JPY35.1bn ($240m) acquiring about 12k square meters of land in the Bandra Kurla Complex, known as BKC, a rapidly developing business and residential district of Mumbai. The plot is one of the largest office building sites in BKC,?DealStreetAsia?reported.
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