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Ramsay, Sime Darby kick off a $1.5bn hospital unit sale.
Sequoia China said to be in the market for its new $2.8bn fund.
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Saudi aramco , an integrated energy and chemicals companies, completed the acquisition of a 10% stake in 荣盛石化股份有限公司 , a China-based company principally engaged in the research, development, manufacturing and distribution of refining products, petrochemicals and chemical fibers, for $3.6bn.
"Our strategic partnership with Rongsheng advances Aramco's liquids to chemicals strategy while growing our presence in China and showcases our importance as a reliable supplier of crude oil. This key acquisition is an important part of Aramco's long-term growth strategy, expanding our presence in a vital market," Mohammed Y. Al Qahtani, Aramco President of Downstream.
Saudi Aramco was advised by 摩根士丹利 and White & Case LLP (led by?Vivian Tsoi).
赛峰集团(SAFRAN) , a jet engine maker, agreed to acquire the actuation and flight control business of Collins Aerospace , a supplier of aerospace and defense products, for $1.8bn.
"The contemplated transaction represents a unique opportunity to develop our position in mission critical actuation and flight control functions. Our highly complementary product offerings would create a global leader in these segments with around $1.8bn of sales. The transaction would enable us to deliver a comprehensive offering to our clients and position us extremely well for next-generation platforms as the segments move toward increased electrification. The business is a perfect fit with both our product portfolio and our DNA with leading technologies, recurring aftermarket sales, and profitable growth," Olivier Andriès , Safran CEO.
Safran is advised by J.P. 摩根 and Wachtell, Lipton, Rosen & Katz (led by?Elina Tetelbaum?and?Joshua Cammaker).
KKR ?agreed to acquire Chase, a global manufacturer of protective materials for high-reliability applications across diverse market sectors, for $1.3bn.?
"Over its nearly 80-year history, Chase has established itself as a leader in highly-engineered protective materials and built a portfolio of trusted brands, while delivering outstanding customer service. We look forward to supporting Chase on its next phase of growth through developing exciting new products, executing upon strategic acquisitions, and serving customers in growing end-markets, including critical applications in electronics, fiber optics and electric grid infrastructure," Josh Weisenbeck, KKR Partner.
Chase is advised by Perella Weinberg , Davis Polk & Wardwell LLP (led by?Daniel Brass) and Alpha IR Group (led by?Jackie Marcus). KKR is advised by 高盛 and Kirkland & Ellis .
Ramsay, Sime Darby kick off a $1.5bn hospital unit sale.
Ramsay Health Care , Australia's biggest private hospital operator, and Sime Darby Property , one of Malaysia's oldest conglomerates, have kicked off the sale of their hospital unit and are seeking a valuation of as much as $1.5bn.
The sellers have invited some health-care companies and private equity firms to submit non-binding bids for Ramsay Sime Darby Health Care. The revival comes nearly a year after discussions with Kuala Lumpur-listed IHH Healthcare. The parties couldn't reach a binding agreement for the sale of the hospital unit.
Ramsay Health and Sime Darby are keen to divest the hospital unit as Malaysia is weighing a capital gains tax on the disposal of unlisted shares by companies. Ramsay Health in late June said it and Sime Darby are again exploring a sale of the joint venture,?Bloomberg?reported.
Sequoia Capital China said to be in the market for its new $2.8bn fund. (FS)
Sequoia Capital's Chinese affiliate is reportedly in the market to raise?$2.8bn for a new Chinese currency fund and is banking on domestic investors as backers.
Sequoia Capital China, which is preparing to split from the main venture capital firm, is looking at approaching domestic backers for the new fund, including the government city of Hangzhou. The launch of the new China fund comes as Sequoia China was reported to have established a new branch in Singapore, with plans to use it as a primary investment platform in Southeast Asia.
The move will see Sequoia China competing with Peak XV Partners. Sequoia Southeast Asia already operates an office in Singapore. However, sources said Peak XV sees Sequoia China as a partner rather than a competitor,?DealStreetAsia?reported.
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