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Borse Dubai plans to sell $1.6bn of its Nasdaq stake.
Boeing explores disposal of some defense assets amid crisis.
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H.I.G. Capital , a private equity firm, agreed to acquire the Payroll & Professional Services business of Alight Solutions , a cloud-based human capital technology and services provider, for $1.2bn.
“We are thrilled to partner with Luca and the entire Payroll & Professional Services team. As businesses grow increasingly global and face complex technology and compliance requirements, we believe that the Company is uniquely positioned to help clients address the many challenges which this creates. We see a tremendous opportunity for continued growth and look forward to working with the team to build upon their success and leadership position in the market," Matt Lozow, HIG Managing Director.
HIG Capital?is advised by Guggenheim Partners and Kirkland & Ellis . Alight is advised by J.P. 摩根 and Simpson Thacher & Bartlett LLP (led by Elizabeth Cooper and Michael Chao ).
龙沙 , a producer of organic fine chemicals, biocides, active ingredients, and biotechnology products, agreed to acquire Genentech large-scale biologics manufacturing site from 罗氏公司 , a developer and manufacturer of pharmaceutical and diagnostic products, for $1.2bn.
"The Vacaville site is a highly valuable strategic acquisition that will make capacity immediately available for our customers and unlock future growth for our Biologics division. It will support us in providing a commercialization path to existing customers and incremental large-scale commercial capacity to our partners. We have deep and long-standing industrial expertise in delivering commercial scale manufacturing services for our customers' therapies. In combining this with the strong legacy of the Vacaville facility, its highly skilled colleague community and its proven track record on quality, we are excited to take our leading large-scale mammalian offering to its next chapter of growth," Jean-Christophe Hyvert, Lonza President.
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Lonza is advised by 美国银行 .
Private equity investors BPEA EQT and ChrysCapital , completed the acquisition of a 90% stake in HDFC Credila Financial Services Limited , a loan agency, from HDFC Bank , a banking and financial services company, for $1.1bn.?
"The demand in India for obtaining a higher education is growing at a faster pace than ever, accelerated by our country's growing middle class and students' strive for better career opportunities. Coming out of HDFC Group, one of India's most respected and well-established financial conglomerates, HDFC Credila plays a critical part in serving this demand. We have been following HDFC Credila for several years and we are excited to partner with its strong management team led by Arijit Sanyal. We also welcome HDFC Group's decision to retain a minority stake in the business and we see their continued support as a testament to our vision for the company," Jimmy Mahtani, BPEA EQT India Partner.
ChrysCapital was advised by Shardul Amarchand Mangaldas & Co (led by Gunjan Shah and Karun Prakash). BPEA was advised by Awelin , Arpwood Capital , JSA and 安永 . HDFC was advised by Jefferies and AZB & Partners (led by Nishanth Ravindran , Varoon Chandra and Nandish Vyas ).
Borse Dubai plans to sell $1.6bn of its Nasdaq stake.
Nasdaq ’s biggest shareholder, Borse Dubai, is selling roughly one third of its stake or 27m shares in the exchange operator at $59 each, which would raise as much as $1.6bn.
Borse Dubai would still own more than 10% of Nasdaq’s stock and plans to agree to an 18-month lockup of the shares. Underwriters will also have a 30-day option to buy as many as 4m additional Nasdaq shares. The offering is expected to close on March 22, Nasdaq said in a separate statement on the pricing, Bloomberg reported.?
Boeing explores disposal of some defense assets amid crisis.
Boeing has been exploring the sale of at least two of its defense businesses, as the beleaguered aircraft manufacturer fights through its biggest crisis in years.
Financial advisers have contacted potential buyers on Boeing’s behalf to gauge interest in several smaller units. The efforts have been underway for about a year, predating the January 5 accident that has placed the planemaker under intense scrutiny, Bloomberg reported.
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