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KKR-backed BMC Software files for a $15bn IPO. (FS)
GGV Capital files to raise $2.5bn for four new venture funds. (FS)
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Canada's Rogers Communications extended the deadline for its $15.5bn merger with Shaw Communications for the fourth time to March 31 as the companies await the final nod from industry minister Francois-Philippe Champagne.
The deal to create Canada's No. 2 telecoms company was previously expected to close on February 17 following a successful end to the long-drawn battle with the competition bureau for approval,?Reuters? reported.
Shaw is advised by CIBC Asset Management / Gestion d'actifs CIBC , TD , Burnet, Duckworth & Palmer LLP (led by? Grant Zawalsky ), Davies Ward Phillips & Vineberg LLP (led by? Brett Seifred ?and? Vince Mercier ), Dentons (led by? Bill Gilliland, LLB, ICD.D ?and? Bill Jenkins ) and Wachtell, Lipton, Rosen & Katz (led by? Mark Stagliano ?and? Adam Emmerich ). Financial advisors are advised by Osler, Hoskin & Harcourt LLP . Rogers is advised by 美国银行 , Barclays , Cravath, Swaine & Moore LLP (led by? Joe Zavaglia ,? Michael S. Goldman ,? Andrew Elken ,?and?Erik Tavzel), Goodmans LLP (led by? Dale H. Lastman, C.M., O.Ont. ), and Torys LLP (led by? Richard Willoughby ). Financial advisors are advised by Davis Polk & Wardwell LLP , Latham & Watkins , and McCarthy Tétrault (led by? Richard Higa ).
JetBlue , a low cost airline, is preparing for a possible lawsuit from the US Justice Department seeking to block the carrier’s $7.6bn merger with Spirit Airlines .
While antitrust authorities haven’t yet revealed whether they plan to take action to prevent the deal, JetBlue Chief Executive Officer Robin Hayes said the company’s legal team is ready to fight back if necessary. A decision is expected to come in the next few weeks,?Bloomberg? reported.
Spirit Airlines is advised by Barclays (led by? Benjamin Metzger ?and? Larry Hamdan ), 摩根士丹利 , Debevoise & Plimpton (led by? Eric Juergens ), Paul, Weiss, Rifkind, Wharton & Garrison LLP , FGS Global (led by? Andrew Cole ) and Okapi Partners . Financial advisors are advised by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates and Sullivan & Cromwell LLP . JetBlue Airways is advised by 高盛 (led by?Timothy Ingrassia), Shearman & Sterling LLP , White & Case LLP and Kekst CNC (led by? Jeremy Fielding ). Goldman Sachs is advised by Cravath, Swaine & Moore LLP . Debt financing is advised by 美国银行 and 高盛 .
Private equity firms Stone Point Capital and Mubadala agreed to acquire a 20% stake in TIH , an insurance brokerage firm, from Truist , a financial services firm, for $1.95bn.
"We are excited for this collaboration with Stone Point, as the investment demonstrates the significant value of Truist Insurance Holdings and strategically positions it, and Truist, for long-term success," Bill Rogers, Truist Chairman and CEO.
Stone Point is advised by Simpson Thacher & Bartlett LLP (led by? Elizabeth Cooper ?and? Mark Viera ). Truist is advised by 摩根士丹利 , Truist Securities and Davis Polk & Wardwell LLP (led by? Margaret Tahyar ?and? Oliver Smith ).
KKR-backed BMC Software files for a $15bn IPO. (FS)
KKR -backed technology firm BMC Software , an enterprise software company, has confidentially filed for an initial public offering in the United States, offering an early sign of a thawing market after a virtual shutdown for most of last year.
BMC Software could be valued as high as $15bn. BMC could go public as early this year if the IPO market improves.
The company has chosen 高盛 as its lead underwriter.
GGV Capital files to raise $2.5bn for four new venture funds. (FS)
Global venture capital firm Notable Capital is in the market to raise a combined $2.5bn for a set of four new funds that will likely continue to focus on China, the US, and Southeast Asia, its latest filing with the US Securities and Exchange Commission showed.
The regulatory filing shows that GGV is looking to raise the capital for four new vehicles, namely GGV Capital IX, GGV Capital IX Plus, GGV Discovery IV-US, and GGV Discovery IV-Asia. The filing did not specify the fund sizes of each fund,?DealStreetAsia? reported.
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