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Fujitsu General's $1.1bn sale said to stall.
IFF weighs sale of $1bn Lucas Meyer Cosmetics unit.
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Viasat , a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, announced that Viasat's proposed $7.3bn acquisition of Inmarsat has received approval from the US Federal Communications Commission.
The FCC's decision leaves the European Commission's competition review as the key ongoing regulatory process in relation to the transaction. The transaction is expected to close later in May.
Inmarsat is advised by Barclays (led by?Osvaldo Ramos), J.P. 摩根 , Trinity Advisors Corporation, Clifford Chance (led by?David Lewis), Kirkland & Ellis (led by? Stuart Boyd ,? Rory Mullarkey ,? Jacob Traff ,?Carlo Zenkner?and? Edward J. Lee ), Steptoe LLP (led by? Alfred Mamlet ), Kekst CNC (led by? Oliver Mann ) and Teneo (led by? Tim Burt ?and? Katherine Kim ). Viasat is advised by PJT Partners (led by?John Trousdale?and? James Murray ), Latham & Watkins (led by? Craig Garner ,? Ann Buckingham ?and? Nick Cline ), 年利达 (led by? Simon R. Pritchard ?and? Nicole Kar ) and 博然思维集团 (led by? Jonathan Doorley ,?Christopher Charles Blundell?and? Paul Durman ).
Brookfield India REIT, an India-based institutionally managed real estate investment trust, and GIC ,?a Singaporean sovereign wealth fund, agreed to acquire two commercial assets from Brookfield , a global alternative asset manager, for $1.4bn.
"We are pleased to partner Brookfield India REIT as Brookfield is a leading market player with a strong track record in India. In addition, this marks our first joint venture with a public REIT in India and will allow us to scale up our investments through this avenue. We look forward to adding value to the assets, which are well-located within key gateway cities," Goh Chin Kiong, GIC Deputy Chief Investment Officer of Real Estate.
Brookfield India REIT is advised by 美国银行 and Shardul Amarchand Mangaldas & Co . Brookfield Asset Management is advised by 摩根士丹利 and Khaitan & Co .
nVent , a provider of electrical connection and protection solutions, completed the acquisition of ECM Industries , a global manufacturer and supplier of electrical products for construction and maintenance, irrigation and landscape supply, from Sentinel Capital Partners , a private equity firm, for $1.1bn.
"I am excited to welcome the ECM team to nVent. ECM's complementary electrical power connection and grounding solutions portfolio further positions nVent with the electrification of everything. The addition of ECM is exciting, and we are confident it will deliver significant value for our customers, employees and shareholders," Beth Wozniak, nVent Chairperson and CEO.
ECM was advised by Lincoln International (led by? Robert (Bobby) Reifman ?and? Sean Bennis ) and Baird (led by? Mike Lindemann ). nVent was advised by Foley & Lardner LLP . Debt financing was provided by J.P. 摩根 . Sentinel Capital was advised by Broadgate (led by?Roland Tomforde).
Fujitsu General's $1.1bn sale said to stall.
The sale of 富士通 's majority stake in its air-conditioner manufacturing unit has stalled as the bidders have been unable to agree on a price with the Japanese firm. A rise in the shares of Fujitsu General has weighed on the negotiations for the 42%.
Japanese IT firm Fujitsu had been in talks with potential suitors including private equity firms Bain Capital and KKR and Swedish manufacturer Nibe Industrier. No final decisions have been made and discussions could resume anytime. Fujitsu could still look for other suitors for the assets,?The Business Times ?reported.
IFF weighs sale of $1bn Lucas Meyer Cosmetics unit.
IFF is weighing a sale of a unit making ingredients for the cosmetics and personal care industry. IFF is working with an adviser as it explores options for Lucas Meyer Cosmetics - by Clariant , which could be valued at about $1bn.
The unit may attract interest from rivals including UK specialty chemicals group 禾大 and European fragrance companies Givaudan Lavirotte SA of Switzerland and Germany's Symrise AG ,?Bloomberg ?reported.
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