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Tata weighs buying Temasek's stake in pay TV platform. (FS)
Adani Green weighs raising $1.5bn to fund expansion.
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GTCR LLC , a private equity firm, agreed to acquire a 55% stake in Worldpay , an American payment processing company, from FIS , a financial services technology company, for $11.7bn.
"We are thrilled to partner with Worldpay and its talented team to drive forward this market leading business. Worldpay has established itself as a leader in the payments sector, and we see strong opportunity to enhance its existing physical, e-commerce and omni-channel presence through additional investment, allowing the business to capitalize on digital payment trends. We look forward to leveraging the strength of the entire organization to build an even better business, positioning Worldpay for sustainable, long-term growth," Collin Roche, GTCR Co-CEO and Managing Director.
GTCR is advised by 花旗 , 德意志银行 , Piper Sandler , Raymond James , TD Cowen, 瑞银集团 , 富国银行 , William Blair , Kirkland & Ellis and 普衡律师事务所 .?Debt financing is provided by 花旗 , 德意志银行 , 高盛 , J.P. 摩根 , National Association of REALTORS? , 瑞银集团 and 富国银行 .?FIS is advised by Centerview Partners , 高盛 , J.P. 摩根 , Latham & Watkins and Wachtell, Lipton, Rosen & Katz (led by Andrew Brownstein ,? Igor Kirman , and? Eric Feinstein ). Financial advisors are advised by? Sullivan & Cromwell LLP (led by? Stephen Kotran ?and? Melissa Sawyer ).?
Platinum Equity -backed Solenis an American manufacturer of specialty chemicals, completed the acquisition of Diversey , an American provider of cleaning and hygiene products, for $4.6bn.
"This merger makes Solenis a more diversified company with significantly increased scale, broader global reach and the ability to offer a 'one-stop shop' suite of solutions that meet customer demand and address water management, cleaning and hygiene issues on a global basis. Together, we have a foundation from which we can continue to leverage our strong customer partnerships, leading-edge innovation and value-added services to propel Solenis' aggressive growth trajectory. With continued support from Platinum Equity, we are confident that we will maximize the promising opportunities ahead," John Panichella, Solenis CEO.?
Diversey was advised by Centerview Partners , Evercore , J.P. 摩根 , Kirkland & Ellis ?(led by? Christopher Thomas ,? Sarkis Jebejian ?and? Andrew Struckmeyer ) and Wachtell, Lipton, Rosen & Katz (led by? David A. Katz ?and?Zachary Podolsky).?Legal advisors were advised by Sullivan & Cromwell LLP (led by? Lee Parnes ?and? Stephen Kotran ).?Solenis was advised by 美国银行 , 高盛 , Piper Sandler , Gibson Dunn (led by?Arieh Lanin), Homburger (led by? Andreas Müller ), Legance (led by? Bruno Bartocci ), Stikeman Elliott LLP (led by? Aaron Vieira ) and Willkie Farr & Gallagher LLP (led by? Jason Pearl ,? Cristopher Greer ,? Jared Fertman ,? Jennifer Tait ?and? Joshua Deason ). Bain Capital was advised by Stanton (led by? Charlyn Lusk ). Debt financing was provided by 美国银行 and 高盛 .
Otava Oy (Otava-konserni) , a media company, offered to acquire the remaining 70% stake in Alma Media , a media and digital service business company, for $565m.
The Tender Offer is made in accordance with the terms and conditions of a tender offer document approved by the Finnish Financial Supervisory Authority, which was published by Otava on 29 June 2023.
Alma Media is advised by Danske Bank and Avance Attorneys (led by? Carl-Henrik Wallin ).
Tata weighs buying Temasek's stake in pay TV platform. (FS)
Tata Group is considering an offer to buy back a stake in its entertainment content distribution platform from Temasek as the Indian conglomerate weighs postponing Tata Play initial public offering,?Bloomberg? reported.
Tata Group is contemplating whether to delay the planned Tata Play listing because of market conditions. Instead, Tata Group has started discussions with Temasek around a deal that would give the Singaporean state investor an opportunity for a long-awaited exit from its investment in the platform, formerly known as Tata Sky. Temasek owns about 20% of the content distribution platform. A joint venture between Tata Group and Walt Disney, Twenty-First Century Fox, Tata Play provides pay television via set-top boxes and over-the-top video streaming through its app.?
Adani Green weighs raising $1.5bn to fund expansion.
Indian billionaire Gautam Adani's renewable energy unit plans to raise $1.5bn to fund his coal-dependent conglomerate's green diversification following the fallout from a damaging short-seller broadside. Adani Group Green Energy board approved the plan at a meeting on Thursday and will then seek approval from shareholders,?Bloomberg ?reported.
Shares of Adani Green rose as much as 2.6% in Mumbai after the nod. The company plans to expand its green energy capacity by close to 3 gigawatts this fiscal year, spending around $1.7bn, finance chief Phuntsok Wangyal had said in May. India's renewables sector has been one of the most lucrative sectors for international investors, finding its spot among one of the country's top five industries for overseas funds last year.
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