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Asda owners plan ￡10bn merger with petrol stations.?
Dubai billionaire Al Habtoor eyes $3bn property investment.?
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Xylem , a global water technology company, agreed to acquire Evoqua Water Technologies , a provider of mission-critical water treatment solutions and services, for $7.5bn.
"Solving the world's water challenges has never been more urgent. Our acquisition of Evoqua creates a transformative global platform to address water scarcity, affordability and resilience at even greater scale. The combined company delivers an unparalleled portfolio of advanced technologies, integrated services and application expertise across the water cycle," Patrick Decker, Xylem President and CEO.
Evoqua is advised by 美国银行 , 高盛 and 众达律师事务所 (led by? Dave Grubman ,? Peter Izanec ,? Dotun Obadina and? Zach Brecheisen ). Xylem is advised by Guggenheim Partners , Lazard and Gibson Dunn .
Ardian , a private equity company, agreed to acquire a 60% stake in Assist Digital , a digital CRM and customer experience solutions provider, from Progressio SGR S.p.A. , an independent private equity firm. Financial terms were not disclosed.
”Ardian is the ideal partner to accelerate Assist Digital's growth. Assist Digital is a unique skills and services platform, capable of attracting the best talent, empowering digital transformation and delivering a new standard of customer experience for our clients. Ardian’s investment strengthens our resilience and ability to face challenges, and will help us to expand internationally. Our employees, who are at the heart of this company’s dynamic, innovative and entrepreneurial culture, will also benefit from new opportunities for professional growth and development,” Enrico Donati, Assist Digital Executive Chairman.
Ardian is advised by 罗兰贝格 (led by? Nicola Morzenti ?and? Andrea Bassanino ), 普华永道 (led by? Paloma Lopez Imizcoz ), Clearwater (led by? Marco Morfino ), KPMG (led by? Matteo Contini ), Marsh McLennan (led by?Alessandra Pieretti), PedersoliGattai (led by? Stefano Catenacci ), Headland , Gitti and Partners (led by? Diego De Francesco ) and Almond Consulting . Assist Digital is advised by 德勤 (led by? Luca Zesi ), Giovannelli e Associati and Russo De Rosa Associati (led by?Leo de Rosa). Progressio is advised by BonelliErede . Debt financing is provided by Fineurop Soditic (led by? Eugenio Morpurgo ).
Funeral services provider Dignity agreed to a sweetened ￡789m ($978m) takeover by a consortium backed by investment firms SPWOne , Castelnau Group Ltd and Phoenix Asset Management Partners Ltd (PAMP) .
The group, which operates more than 700 funeral locations across the UK, has struggled in recent months, despite higher than average death rates, as customers have shifted towards cheaper products.
Dignity is advised by Investec (led by?Gary Clarence), Rothschild & Co (led by? majid ishaq ), Slaughter and May and Buchanan Ingersoll & Rooney PC (led by? Chris Lane ). The consortium is advised by 摩根士丹利 (led by? Laurence Hopkins ), Liberum Capital , Macfarlanes and Maitland (led by? William Clutterbuck ).
Asda owners plan ￡10bn merger with petrol stations.?
EG Group is exploring a merger of its petrol forecourts with Asda to create a business valued at more than ￡10bn ($12bn).
The Issa brothers and London-based TDR Capital are considering the combination with the supermarket chain to help refinance ￡7bn ($8bn) of debt due in 2025. The merger would create a business with 581 supermarkets, 700 petrol stations and more than 100 convenience stores. The competition regulator’s view is unclear at this stage,?Bloomberg?reported.?
Dubai billionaire Al Habtoor eyes $3bn property investment.?
Dubai billionaire Khalaf Al Habtoor plans to invest as much as $3bn in real estate this year and is looking toward Central Europe to expand his property and hotel empire.?
The family-owned business may look at places like Budapest and Slovakia to invest after London had become a little bit difficult,?Bloomberg?reported.
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