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Global Infrastructure Partners raises $2.61bn so far for emerging markets fund. (FS)
Apax, Canada Pension weigh buyout of $2bn IT firm Thoughtworks. (FS)
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Britain's competition watchdog said it was looking into Adobe 's $20bn buyout deal for cloud-based designer platform Figma to find if it could lead to "substantial lessening of competition" in the country,?Reuters?reported.
CMA has set June 30 as the deadline for its phase 1 decision on the Adobe-Figma deal.?The move underlines regulators' worries that large tech firms acquiring smaller innovative rivals could throttle competition.
Figma is advised by Qatalyst Partners (led by? George Boutros ?and? Jeff Chang ), Fenwick & West (led by? Kris Withrow ?and? Michael Esquivel ). Adobe is advised by Allen & Company LLC. , Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by? Steve Sunshine ), Wachtell, Lipton, Rosen & Katz (led by?Edward Herlihy?and? Jacob Kling ) and FGS Global (led by? Charles Sipkins ). Allen & Company is advised by White & Case LLP (led by?Denise Cerasani?and? Robert Chung ).
CVS Health , a health solutions company, completed the acquisition of Oak Street Health , a network of value-based primary care centers for adults, from investment firms Newlight Partners and General Atlantic for $10.6bn.
"Oak Street Health is a premier value-based primary care platform. We believe that in partnership with CVS Health, Oak Street Health can accelerate its growth and provide an attractive return to our shareholders over time. The pending acquisitions of Oak Street Health and Signify Health will also meaningfully advance our goal of adding 200 basis points of long-term adjusted operating income growth, a key commitment we made to shareholders at our December 2021 Investor Day," Shawn M. Guertin, CVS Health Chief Financial Officer.
Oak Street was advised by Centerview Partners , Kirkland & Ellis (led by? David Klein , Daniel Wolf ?and? Joshua Ayal ) and Joele Frank (led by? Jamie Moser ). Centerview was advised by Latham & Watkins (led by? Tom Malone ?and? Leah Sauter ). CVS Health was advised by 瑞信 , Lazard , Dechert LLP (led by? Mike Cowie ?and? Rani Habash ), McDermott Will & Emery and Shearman & Sterling LLP (led by? Daniel Litowitz and? Derrick Lott ). General Atlantic was advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by?Matthew Abbott?and? Ellen Ching ).
Energy Transfer , a company engaged in natural gas and propane pipeline transport, completed the acquisition of Lotus Midstream, an energy company focused on the development of midstream infrastructure and services, from EnCap Flatrock Midstream , a venture capital firm, for $1.45bn.
Energy Transfer's acquisition of Lotus Midstream's Centurion Pipeline assets will increase the partnership's footprint in the Permian Basin and provide increased connectivity for its crude oil transportation and storage businesses.
Lotus Midstream was advised by Jefferies and Vinson & Elkins (led by Matt Falcone ). Energy Transfer was advised by J.P. 摩根 , TD and Sidley Austin LLP Austin (led by? Atman Shukla ?and? George Vlahakos ). EnCap was advised by Shearman & Sterling LLP & Sterling (led by? Taylor Landry ) and FGS Global (led by? Kelly Kimberly ).
Global Infrastructure Partners raises $2.61bn so far for emerging markets fund. (FS)
New York-based Global Infrastructure Partners (GIP) has so far raised an aggregate of $2.61bn for its debut emerging-markets infrastructure fund and a feeder fund.
The firm disclosed that GIP Emerging Markets Fund I has already raised $1.47bn so far from at least five investors while a feeder fund, GIP Emerging Markets Feeder Fund I, also secured $1.14bn so far from eight investors,?DealStreetAsia?reported.
Apax, Canada Pension weigh buyout of $2bn IT firm Thoughtworks. (FS)
A consortium backed by buyout firm Apax is considering a potential bid to take US-listed technology consultancy 思特沃克软件技术（中国）有限公司 Holding private,?Bloomberg?reported.
Apax has teamed up with CPP Investments | Investissements RPC . They are working with advisers to explore a possible joint offer for the shares they don't already own in Chicago-based Thoughtworks.?
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