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HPS Investment Partners raises $17bn for its latest debt fund. (FS)
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Newmont Corporation , a gold mining company, laid down a best and final offer for Australia's Newcrest Mining at $19.5bn to close a deal that would extend Newmont's lead as the world's biggest gold producer.
"We are entering a new era in which mining companies must hold themselves to a higher standard of sustainability and long-term value creation. This transaction would strengthen our position as the world's leading gold company by joining two of the sector's top senior gold producers and setting the new standard in safe, profitable and responsible mining," Tom Palmer, Newmont President and CEO.
Newcrest Mining is advised by Gresham, J.P. 摩根 and Herbert Smith Freehills . Newmont is advised by 美国银行 , Centerview Partners , Lazard , King & Wood Mallesons and White & Case LLP .?
Brookfield , a private equity firm, agreed to acquire Triton International , a lessor of intermodal freight containers, in a $13.3bn.
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"We believe this transaction provides an excellent outcome for all of Triton's stakeholders. The sale price provides significant value to our investors and represents a 35% premium to yesterday's closing share price. For our long-term shareholders, this transaction crystallizes a total shareholder return of approximately 700% since the 2016 merger of Triton and TAL International. For our customers and employees, Brookfield Infrastructure's significant resources and long-term investment horizon will support Triton's franchise, underpin our commitment to providing unrivaled service, and support continued investment in our growing business," Brian M. Sondey, Triton CEO.
Triton International is advised by 高盛 , Appleby and Sullivan & Cromwell LLP . Brookfield is advised by 美国银行 , MUFG , Mizuho Securities , Torys LLP , Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by? Eric Otness ?and? Thomas Greenberg ) and Teneo .?
艾默生 , a technology, software and engineering powerhouse, offered to acquire 美国国家仪器 , a provider of testing and measurement equipment and integrated, software-led solutions, for $8.2bn.
"We are pleased to reach an agreement with NI, whose best-in-class test and measurement product and software offerings accelerate Emerson's progress toward a cohesive, higher growth and higher margin automation portfolio. With this expansion into test and measurement, Emerson will enhance its automation capabilities and gain a broader set of customers that relies on NI's solutions at critical points along the product development cycle. NI's business is well-aligned with our vision for automation and we look forward to working together to bring more comprehensive and innovative solutions to our customers, accelerate growth and position Emerson to deliver significant shareholder value," Lal Karsanbhai, Emerson President and CEO.
National Instruments is advised by 美国银行 , Wachtell, Lipton, Rosen & Katz (led by? Adam Emmerich ?and? Sabastian V. Niles ) and FGS Global . Emerson is advised by Centerview Partners , 高盛 , Davis Polk & Wardwell LLP (led by? Phillip Mills ?and? Cheryl Chan ), Sidley Austin LLP and Joele Frank .
NOVATEK , a natural gas producer, agreed to acquire a 27.5% stake in Sakhalin-2 from 壳牌 , a multinational oil and gas company, for $1.16bn.
Russian President Vladimir Putin gave his consent for the transfer of the required funds to Shell.
HPS Investment Partners raises $17bn?for its latest debt fund. (FS)
HPS Investment Partners, LLC , a private equity firm, closed HPS Strategic Investment Partners V at $17bn in investible capital, which includes $12bn in equity commitments. The total well exceeds the original equity fundraising target of $9.5bn. The manager's fifth flagship junior debt fund focuses on financing solutions for large, established firms in North America and Western Europe.
"We believe the current market environment presents a rich set of opportunities for us to pursue as companies continue to seek strategic partners and scaled platforms that can develop and execute bespoke financing solutions with speed and certainty," Scot French, HPS Governing Partner.
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