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SES, Intelsat near deal to form $10bn satellite giant.
Kuwait wealth fund sells €1.4bn of Mercedes shares. (FS)
EQT delays $3.3bn Galderma IPO. (FS)
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CVS Health , a health solutions company, completed the acquisition of Signify Health , a health care platform that leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs, from New Mountain Capital , a private equity firm, for $8bn.
"This transaction advances our value-based care strategy by enhancing our presence in the home. Our expanded capabilities will bring us closer to the consumer as we continue to redefine how people access and experience care that is more affordable, convenient and connected," Karen S. Lynch, CVS Health President and CEO.
Signify Health was advised by 德意志银行 (led by? Nick Richitt ), 高盛 (led by?Peter Van der Goes) and Ropes & Gray LLP (led by? Garrett Charon ?and? Chris Comeau ).?Financial advisers were advised by Debevoise & Plimpton (led by? Andrew Bab ) and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by? Christopher Barlow ). CVS Health was advised by 美国银行 (led by? Justin Walter ?and?Ivan Farman), Dechert LLP (led by? Rani Habash ?and? Mike Cowie ), Fried Frank (led by? Andrea Gede-Lange ,? Steven Scheinfeld ?and? Matthew Soran ), McDermott Will & Emery and 博然思维集团 (led by? Jonathan Doorley ).
Global Payments Inc. , a provider of payment technology and software solutions, completed the acquisition of EVO Payments, Inc. , a global provider of payment technology integrations and acquiring solutions, from Madison Dearborn Partners, LLC , a private equity investment firm, for $4bn.
"The acquisition of EVO is highly complementary to our technology-enabled strategy and provides meaningful opportunities to increase scale in our business globally. Together with EVO, we are positioned to deliver an unparalleled suite of distinctive software and payment solutions to our combined 4.5m merchant locations and more than 1.5k financial institutions worldwide," Cameron Bready, Global Payments President and COO.
EVO Payments was advised by 花旗 (led by? Richard Diamond ), 富而德律师事务所 (led by?Gunnar Schuster) and King & Spalding (led by? Keith Townsend ). Citigroup was advised by Fried Frank . Global Payments was advised by 美国银行 (led by? Kevin Brunner ), Barclays , J.P. 摩根 , Wachtell, Lipton, Rosen & Katz (led by? Jacob Kling ) and H/Advisors Abernathy (led by? Dan Scorpio ). Financial advisors were advised by Cravath, Swaine & Moore LLP and Sullivan & Cromwell LLP . Debt financing was provided by 美国银行 , Barclays , Evercore , 高盛 , Greenhill & Co. and J.P. 摩根 . Madison Dearborn was advised by Kirkland & Ellis (led by? Jon-Micheal Wheat ).
SES, Intelsat near deal to form $10bn satellite giant.
SES Satellites , a?multi-orbit constellation operator,?is in talks to combine with rival Intelsat to create a satellite giant that can better compete with billionaire Elon Musk,?Bloomberg?reported.
Luxembourg-based SES said?it's "engaged in discussions regarding a possible combination with Intelsat". SES said its board remains "fully committed" to acting in the best interest of SES shareholders, and there's no certainty a transaction will materialize.
Kuwait wealth fund sells €1.4bn of Mercedes shares. (FS)
The Kuwait Investment Authority sold shares worth about €1.4bn ($1.5bn) in Mercedes-Benz AG roughly a quarter of its stake after the carmaker's stock almost quadrupled over the last three years,?Bloomberg?reported.
The KIA will own around 53m shares after the share placement of about 20m shares, which is part of an effort to diversify its portfolio.
EQT delays $3.3bn Galderma IPO. (FS)
瑞信 's role in a $3.3bn initial public offering of private equity-backed skincare group Galderma is under review following the bank's rescue takeover,?Bloomberg?reported.
EQT Group , the Swedish investment firm that owns Galderma, is considering whether to keep Credit Suisse in a lead position on the deal after a government-orchestrated?takeover by UBS.?
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