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SoftBank's Arm targets to raise at least $8bn in US IPO. (FS)
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Silver Lake, a private equity firm, and Canada Pension Plan Investment Board, an investment management company, offered to acquire Qualtrics, an experience management company, for $12.4bn.
Qualtrics and Silver Lake entered into an exclusivity agreement for the deal talks, which ends on March 15.
Qualtrics is advised by 摩根士丹利 .
Capital & Counties Properties, a United Kingdom-based property investment and development company, completed the merger with Shaftesbury, a British real estate investment trust, in a ￡3.5bn ($4.2bn) deal.
"Today we are delighted to complete the merger, bringing together two highly complementary portfolios to create the leading central London mixed-use REIT, Shaftesbury Capital. We look ahead with confidence, with an experienced and talented team, to deliver long-term economic and social value for stakeholders and contribute to the success of the West End," Ian Hawksworth, Shaftesbury CEO.
Shaftesbury was advised by Blackdown Partners (led by Peter Tracey and Tom Fyson ), Evercore (led by Ed Banks ), J.P. 摩根 (led by Paul Pulze ), Liberum Capital (led by Richard Crawley ), 霍金路伟 (led by Nicola Evans ), MHP Communications (led by Oliver Hughes ) and RMS Partners Limited (led by Simon Courtenay ). Capital & Counties Properties was advised by Peel Hunt (led by Carl Gough and Capel Irwin), Barclays (led by Omar Faruqui ), 汇丰 (led by Anthony Parsons ), Jefferies (led by Philip Noblet ), Rothschild & Co (led by Alexander Midgen ), 瑞银集团 (led by Hew Glyn Davies ), Herbert Smith Freehills (led by Alex Kay ), Hudson Sandler (led by Michael Sandler ) and Instinctif Partners (led by Frédéric Cornet ). Financial advisors were advised by Latham & Watkins (led by James Inness and Chris Horton ). Debt financing was provided by 法国巴黎银行 , Barclays , 汇丰 and Java Capital .
Vistra, an integrated retail electricity and power generation company based in Irving, Texas, agreed to acquire Energy Harbor, an electric utility company in Akron, Ohio, from Avenue Capital Group, an investment firm, and Nuveen, an American asset manager, for $3.43bn.
"We are excited to announce this unique combination and the many benefits it brings to our key stakeholders – customers, employees, communities, and shareholders. Vistra has been focused on responsibly transitioning our power generation profile, and though we've made significant progress over the past several years, there are few opportunities to grow a reliable and dispatchable zero-carbon generation portfolio at scale this quickly. As our country navigates a massive energy transition to cleaner sources of electricity, nuclear energy provides the unique capability of being both carbon-free and a dependable, always-on source of reliable power. With the enactment of the zero-emission nuclear production tax credit, nuclear power generation now has downside protection against lower power prices, resulting in tremendous upside opportunity compared to other generation with similar attributes," Jim Burke, Vistra President and CEO.
Energy Harbor is advised by 高盛 , RBC , Dechert LLP ?(led by Mark Thierfelder , Jonathan Streeter , Eric Siegel and Michael Darby ) and Morgan, Lewis & Bockius LLP . Vistra is advised by 花旗 , Balch & Bingham LLP and Latham & Watkins .
Altria, a producer and marketer of tobacco, cigarettes and related products, agreed to acquire NJOY, a company that manufactures and distributes electronic cigarettes and vaping products, for $2.75bn.
"We believe we can responsibly accelerate US?adult smoker and competitive adult vaper adoption of NJOY ACE in ways that NJOY could not as a standalone company. We believe the strengths of our commercial resources can benefit adult tobacco consumers and expand competition. We are also excited to welcome NJOY's talented employees to Altria at closing," Billy Gifford, Altria CEO.
NJOY is advised by Moelis & Company and Weil, Gotshal & Manges LLP and Manges (led by? Mike Lubowitz and Brian Gingold ). Altria is advised by 摩根士丹利 , Perella Weinberg , Arnold & Porter and White & Case LLP . Debt financing is provided by 摩根士丹利 .
SoftBank's Arm targets to raise at least $8bn in US IPO. (FS)
Arm, the British chip designer owned by Japan’s SoftBank Group Corp. , is likely to aim to raise at least $8bn from what is expected to be a blockbuster US stock market launch this year, DealStreetAsia reported.
Arm is expected to confidentially submit paperwork for its initial public offering in late April. The listing is expected to happen later this year and the exact timing will be determined by market conditions.
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