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Japan's Rakuten plans to raise around $2.2bn via new share sale.
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ONEOK , a midstream service provider, agreed to acquire Magellan Midstream Partners , a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil, for $18.8bn.
"ONEOK has a long history and track record of being at the forefront of transformational transactions. The combination of ONEOK and Magellan will create a diversified North American midstream infrastructure company with predominately fee-based earnings, a strong balance sheet and significant financial flexibility focused on delivering essential energy products and services to our customers and continued strong returns to investors. Our expanded products platform will present further opportunities in our core businesses as well as enhance our ability to participate in the ongoing energy transformation with an increased presence in sustainable fuel and hydrogen corridors. We are excited about the future of our combined companies and look forward to welcoming Magellan's well-respected employees to ONEOK," Pierce H. Norton II, ONEOK President and CEO.
Magellan is advised by Morgan Stanley, Latham & Watkins?(led by Ryan Maierson and Kevin Richardson ) and Richards, Layton & Finger . ONEOK is advised by 美国银行 , 高盛 , Tudor, Pickering, Holt & Co. Securities, Inc. and Kirkland & Ellis ?(led by Sean T. Wheeler , Debbie Yee , Camille Walker Meissner and John D. Furlow ). Debt financing is provided by? 高盛 .
TPG , a global alternative asset management firm, agreed to acquire TPG Angelo Gordon , an alternative investment firm focused on credit and real estate investing, for $2.7bn.
"This strategic transaction meaningfully expands our investing capabilities and broadens our product offering. The addition of Angelo Gordon also underscores our continued focus on growing and scaling through diversification, while driving long-term value for our shareholders. Following more than a year of building relationships between the leadership teams of both organizations, we are confident the combination represents a strong strategic and cultural fit and will create additional opportunities for employees of both firms. We look forward to welcoming the Angelo Gordon team as we execute on our shared vision," Jon Winkelried, TPG CEO.
Angelo Gordon is advised by 高盛 , Piper Sandler , Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Marco Masotti , Steven Williams , Samuel Welt and Maury Slevin ) and Gasthalter & Co. LP (led by Amanda Shpiner and Nathaniel Garnick ). TPG is advised by Ardea Partners , J.P. 摩根 , 摩根士丹利 , Cleary Gottlieb Steen & Hamilton LLP , Davis Polk & Wardwell LLP , Shearman & Sterling LLP (led by John Cannon and Gillian Emmett Moldowan ) and Weil, Gotshal & Manges LLP (led by Harvey Eisenberg and Brian Parness ).
bp , a British multinational oil and gas company, completed the acquisition of TravelCenters of America , a full-service truck stop and travel center company for $1.3bn.
“We are thrilled to welcome the TravelCenters of America team to bp and give a turbo-boost to our convenience and mobility business in the US. Combining TA’s sites on US highways with our brilliant retail network off the highway immediately expands our offer and doubles our global convenience gross margin,” Emma Delaney, BP Executive Vice President.
TravelCenters of America was advised by 花旗 , Ropes & Gray LLP (led by Zach Blume ) and Joele Frank (led by Andrew Siegel and Jed Repko ). Citigroup was advised by 众达律师事务所 (led by Benjamin Stulberg ). BP was advised by 高盛 , Robey Warshaw , Sullivan & Cromwell LLP (led by Eric Krautheimer and Benjamin Weber ) and 博然思维集团 .
Aristocrat Gaming , an Australian gambling machine manufacturer, agreed to acquire NeoGames Studio , a provider of iLottery solutions and services to national and state-regulated lotteries, for $1.2bn.
"Bringing together NeoGames and our growing Anaxi business will position Aristocrat with global scale and capability in the growing online RMG industry. Through the acquisition of NeoGames and its industry-leading global online RMG platform, this transaction will deliver on our strategy by providing a portfolio of end-to-end solutions for iGaming, iLottery and Online Sports Betting operators globally. We see great opportunities in the combination of our complementary businesses, with clear revenue and growth potential that comes with a complete and seamless online RMG solution. NeoGames also shares a strong commitment to sustainability, responsible gameplay and people-first culture which is central to everything we do," Trevor Croker, Aristocrat CEO and Managing Director.
Aristocrat Leisure is advised by Citadel-MAGNUS (led by Peter Brookes ).
Japan's Rakuten plans to raise around $2.2bn via new share sale.?
Japan’s Rakuten is finalising plans to raise about $2.2bn by issuing new shares, in the e-commerce company’s latest move to shore up its finances after years of losses from its mobile business.?
Rakuten’s board could meet as early as this week to decide on the capital raising. The public offering is expected to raise roughly $2.2bn?but the amount could change depending on Rakuten’s share price, which will influence the pricing of its new equity issuance, DealStreetAsia reported.
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