MergerLinks Daily Review
MergerLinks
Join a community of 250,000+ M&A professionals. Expand your network and discover new business opportunities.
Welcome to MergerLinks Daily Review.?Sign up here ?to get the full round up of your daily dose of blue-chip M&A news directly to your inbox.
First Republic Bank to weigh up to $100bn in asset sales.
VinFast to get $2.5bn infusion from Vingroup.
You can access today’s complete newsletter?here .
Scroll down for more…
Carrier , a multinational heating, ventilation, and air conditioning, refrigeration, and fire and security equipment corporation, agreed to acquire Viessmann Climate Solutions from Viessmann , a manufacturer of heating and refrigeration systems, for €12bn ($13bn).
"Our purpose is to create living spaces for generations to come. Carrier's global reach, broad product portfolio, financial strength and shared commitment to sustainability will enable our Climate Solutions business to fully capitalize on our innovative, integrated solution offering and maximize our impact on Europe's independent energy transition. Following the closing of the transaction, the Viessmann Group will remain committed as a significant, long-term shareowner of Carrier, reflecting our family's high confidence in the superior value to be created by this combination. Joining Carrier's Board of Directors will enable me to work directly with Dave, my fellow directors and the Carrier team to realize the substantial potential of the combination of two iconic and market-leading companies," Max Viessmann, Viessmann CEO.
Carrier is advised by J.P. 摩根 , 年利达 and Paul, Weiss, Rifkind, Wharton & Garrison LLP . Viessmann is advised by 高盛 , Davis Polk & Wardwell LLP and Hengeler Mueller .
Teleperformance , a digital business services provider, offered to acquire Majorel , an international service company, specializing in customer experience and business process outsourcing services, for €3bn ($3.3bn).
"Becoming part of the TP family is the next natural step in our journey. These are exciting prospects for our clients and team members to join forces with the Teleperformance team that has paved the way in global digital services in the last four decades. We share the same core values and believe that this new combination will provide many opportunities for all stakeholders," Thomas Mackenbrock, Majorel CEO.
领英推荐
Teleperformance is advised by 法国巴黎银行 , Berenberg , P?le d'Accompagnement International du Groupe Crédit Agricole , 法国兴业银行 , De Brauw Blackstone Westbroek (led by? Gaby Smeenk ), Elvinger Hoss Prussen , Cabinet Ginestié Paley-Vincent , Latham & Watkins , 年利达 , Sullivan & Cromwell LLP , White & Case LLP and Image Sept.
Apollo Global Management, Inc. , a global private equity firm, agreed to acquire a 30% stake in the Südewo portfolio of Vonovia , a European multinational real estate company, for €1bn ($1.1bn).
"We are pleased to provide a long-term, cost effective capital solution to one of Europe's leading real estate companies. This transaction will help Vonovia execute on its strategy through a highly attractive investment. At Apollo, we continue to demonstrate how we can serve as a solutions provider to investment grade issuers and provide attractive risk-adjusted investment opportunities to our affiliated and third-party insurance clients, funds and other institutional clients," Jamshid Ehsani, Apollo Partner.
Apollo is advised by Latham & Watkins and Paul, Weiss, Rifkind, Wharton & Garrison LLP . Vonovia is advised by J.P. 摩根 and 富而德律师事务所 .
First Republic Bank to weigh up to $100bn in asset sales.
First Republic is exploring divesting $50bn to $100bn of assets as the beleaguered lender attempts to rescue itself from the turmoil that engulfed the industry,?Bloomberg ?reported.?
The sales, which include long-dated mortgages and securities, are aimed at reducing the mismatch between the bank’s assets and liabilities — one of the factors that has left First Republic teetering after a run on deposits in March.
VinFast to get $2.5bn infusion from Vingroup.
Vietnam’s richest man Pham Nhat Vuong and Vingroup JSC will provide an additional $2.5bn into the company’s electric-car unit VINFAST ahead of its planned US initial public offering,?Bloomberg ?reported.
Vuong, Vingroup’s founder who in 2019 said he would commit $2bn of his wealth to VinFast, will personally give $1bn to VinFast within the next year. The company will provide VinFast a loan of up to five years for $1bn. Vingroup will also give VinFast $500m. VinFast is considering launching its US IPO as soon as the second quarter this year.
“The additional $2.5bn in funding and loans will create more resources to promote and facilitate VinFast to accelerate development so that it can quickly achieve its growth goals on a global scale,” Vingroup.
Interested to find more??Sign up here ?to get full round up of your daily dose of blue-chip M&A news directly to your inbox.
You can access today’s complete newsletter?here .