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TSG Consumer Partners closes TSG9 with $6bn capital commitments. (Financial Sponsors)
Ares Management closes fund V at $5bn. (FS)
Investcorp set to invest $1bn in GCC real estate over next five years. (FS, Real Estate)
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默克 , a science and technology company, completed the acquisition of Imago BioSciences, Inc. , a clinical-stage biopharmaceutical company, for $1.35bn.
"We continue to invest in our pipeline with a focus on applying our unique capabilities to unlock the value of breakthrough science for the patients we serve. This acquisition of Imago augments our pipeline and strengthens our presence in the growing field of hematology," Rob Davis , Merck President and CEO.
Imago BioSciences was advised by Centerview Partners (led by E. Eric Tokat ), Latham & Watkins (led by Luke Bergstrom , Ben Potter and Max Schleusener ), Canale Communications (led by Ian Stone ) and Gilmartin Group (led by Laurence Watts MA, IRC ). Merck was advised by 摩根士丹利 and Gibson Dunn (led by Saee Muzumdar ).
Bankrupt crypto lender Voyager received initial court approval on Tuesday for a proposed $1bn sale of its assets to Binance and said it will seek to expedite a US national security review of the deal,?DealStreetAsiareported.
US Bankruptcy Judge Michael Wiles in New York allowed Voyager to enter into an asset purchase agreement with Binance and to solicit creditor votes on the sale, which will not become final until a future court hearing.
Binance is advised by Latham & Watkins (led by Robert Katz and Daniel Mun ). Voyager is advised by Berkeley Research Group (BRG) , Moelis & Company and Kirkland & Ellis .
TSG Consumer Partners closes TSG9 with $6bn capital commitments. (FS)
TSG Consumer Partners , a private equity firm, announced the final closing of its ninth fund, TSG9, with $6bn of capital commitments.
"We are grateful for the support and confidence from our long-standing investors as well as our new limited partners. We see continued and significant investment opportunities in the market as we focus on higher-growth businesses that address consumer needs in innovative ways. Our investment team and operating group are equipped to add substantial value post-investment as we work to support our management teams and maximize equity returns," Charles Esserman , TSG Consumer Partners CEO and Founder.
Ares Management closes fund V at $5bn. (FS)
Ares Management Corporation , a global alternative investment manager, announced the final closing of its Infrastructure Debt Fund V, which is focused on making subordinated investments across the digital, utilities, renewables, energy and transportation sectors, at approximately $5bn, including General Partner commitments and related transaction vehicles.
"We appreciated the strong support and interest from our existing and new investors in IDF V. Our investors' confidence and trust reflects the strength of the Ares Infrastructure Debt strategy, which is backed by our global team with a long track record supported by the increasing capital demands for infrastructure debt," Patrick Trears , Ares Partner and Global Head of Infrastructure Debt.
Investcorp set to invest $1bn in GCC real estate over next five years. (FS, Real Estate)
Investcorp , a global alternative investment firm, is planning to invest up to $1bn in the real estate market in the GCC over the next five years.
“The Saudi Arabian real estate market is experiencing strong growth. The logistics and industrial sectors have enormous potential as key pillars of Saudi Arabia’s Vision 2030 agenda to transform the Kingdom into a leading industrial powerhouse and a global logistics hub. Investcorp is a natural partner in this growth journey, and this acquisition leverages our global experience investing in the logistics sector – particularly in the US, Europe and India. This is the first in a series of investments that we are planning to make in the near future – with a view to investing $1bn over the next five years,” Hazem Ben-Gacem, Investcorp Co-Chief Executive Officer.
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