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STG closes the seventh fund at $4.2bn. (FS)
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Japan Industrial Partners, a private equity firm, agreed to acquire 东芝 , a multinational conglomerate corporation, for $15.2bn.
JIP belives that by privatizing the Toshiba shares from the public market, JIP would be able to support the establishment and management of a stable management structure to create a stable shareholder base that supports the new growth of Toshiba and to execute a business strategy that realizes the growth potential of the Target, thereby greatly improving the enterprise value of Toshiba.
Toshiba is advised by J.P. 摩根 , 瑞穗实业银行 , Nomura , 瑞银集团 , Morrison Foerster , Nagashima Ohno & Tsunematsu and Nishimura & Asahi . Japan Industrial Partners is advised by Crosspoint Advisors and TMI Associates .
JERA Co., Inc. , a global energy firm, agreed to acquire Parkwind , a wind energy company, from Virya Energy , a renewable energy company, for €1.5bn ($1.6bn).
“I am very enthusiastic about our announcement today. As we communicated last summer, Virya had initiated an assessment of possible strategic development options for our offshore wind energy activities, operated through our subsidiary Parkwind, to ensure that it would have the best possible conditions to execute its ambitious growth plan in a rapidly changing industry," Paul Tummers, Virya Energy CEO.
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JERA is advised by 摩根士丹利 and Allen & Overy . Virya Energy is advised by 瑞银集团 and 年利达 .
Ares Management Corporation , a global alternative investment manager, and Mubadala , a global sovereign investor, agreed to form a $1bn joint venture, to invest in global credit secondaries opportunities.
“We are pleased to announce this joint venture with Mubadala, which underscores our view that private credit secondaries offer a compelling opportunity for investors seeking diversified exposure to the attractive return profile of private credit assets. Building on our position as a leading global direct lender and a secondaries market pioneer, we believe the expansion of the Credit Secondaries strategy alongside Mubadala helps to further differentiate Ares in the market as a comprehensive solutions provider,” Michael Arougheti, Ares Management CEO and President.
Serica Energy plc , a mid-tier independents producer of natural gas, completed the acquisition of Tailwind Energy , a privately owned, next generation oil and gas company, for ￡644m ($789m).
"The transaction achieves our strategic objective of materially increasing the scale and diversity of our UKCS portfolio of assets. The Tailwind portfolio also brings multiple organic investment opportunities for further material near-term growth in reserves and production. Following this Transaction, Serica will retain its competitive strengths of a strong balance sheet, positive cash flow and low decommissioning cost obligations. Moreover, through the introduction of Mercuria as a new strategic investor, we will be differentially positioned to take advantage of the opportunities we expect to arise through industry consolidation, the North Sea Transition Deal and potentially overseas," Mitch Flegg, Serica CEO.
Serica Energy was advised by Peel Hunt , Jefferies (led by?Tony White), Rothschild & Co (led by? James McEwen ) and Vigo Consulting (led by? Patrick D'ancona ).
STG closes the seventh fund at $4.2bn. (FS)
STG – Symphony Technology Group , a private equity firm focused on investing in software and software-enabled technology services businesses, announced the final closing of STG VII with total capital commitments of $4.2bn.
"We are incredibly grateful to our existing and new investors for their support, especially given the context of the challenging fundraising environment and uncertain macro backdrop. We have made meaningful investments in our people and platform in recent years, and we believe Fund VII is very well positioned to be a leading partner to growing software companies," William Chisholm, STG Managing Partner and CIO.
STG was advised by Evercore and Kirkland & Ellis .
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