MergerLinks Daily Review
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Blackstone in talks with Bain to sell $480m stake in top Indian REIT. (FS)
Qatar Investment Authority raises stake in Credit Suisse to just under 7%. (FS)
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微软 , an American multinational technology company, agreed to invest $10bn in OpenAI , a tech company.?
"We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform. In this next phase of our partnership, developers and organizations across industries will have access to the best AI infrastructure, models, and toolchain with Azure to build and run their applications," Satya Nadella, Microsoft Chairman and CEO.
Matador Resources Company , an oil and gas producer, agreed to acquire ADVANCE Energy (Acquired by The AES Corporation) , a team of experienced Oil and Gas technical professionals and managers, from EnCap Investments L.P. , a private equity firm, for $1.6bn.?
"We evaluated this transaction based on rock quality, the strong existing production and cash flow profile, the potential reserves additions, the high-quality inventory, the available midstream opportunities and the strategic fit within our existing portfolio of properties," Joseph Foran, Matador CEO.
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ADVANCE Energy (Acquired by The AES Corporation) is advised by J.P. 摩根 and Vinson & Elkins . Matador Resources Company is advised by Baker Botts .
Reliance Nippon Life Insurance , a provider of insurance and asset management services, agreed to invest $1bn in Blackstone -backed Resolution Life , a global life and annuity insurance consolidation business.
"I am honoured to have the continued partnership of Nippon Life, an institution I admire and respect. There is a strong foundation of shared values, clarity of vision, and breadth of capabilities across our organisations," Clive Cowdery, Resolution Life Founder and Executive Chairman.
Reliance Nippon Life Insurance is advised by J.P. 摩根 .
Blackstone in talks with Bain to sell $480m stake in top Indian REIT. (FS)
Blackstone is in talks to sell around half of its stake in India's largest real estate investment trust Embassy Office Parks to private equity firm Bain Capital , two sources said, in a deal worth up to $480m at current prices.
A deal would mark US-based Bain's first REIT investment in India where office space is drawing in investors as many workers have returned to offices with the waning of the Covid-19 pandemic. For Blackstone, it would mean a further selldown of its Embassy stake as it adjusts its portfolio, Reuters reported.
Qatar Investment Authority raises stake in Credit Suisse to just under 7%. (FS)
Qatar's sovereign wealth fund has increased its stake in 瑞信 to just under 7%, becoming the Swiss bank's second-largest shareholder after Saudi National Bank, in a sign that its Gulf investor base is growing in importance.
The Qatar Investment Authority bought 139m shares in the Swiss lender, Refinitiv data shows based on a filing with the Securities and Exchange Commission which quoted its most recent ownership holding as of December 31, 2022, Reuters reported.
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