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Private equity backers of Foundation Consumer Healthcare weigh $4bn sale of the company. (FS)
Emirates Steel is said to walk away from Thyssenkrupp steel deal.
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Crosspoint Capital Partners , a venture capital firm, completed the acquisition of Absolute Security , a software company, for $870m.
“We are very excited about this acquisition and working with Crosspoint Capital to further strengthen our unique position in the market and in delivering the next generation of Resilience. This acquisition is only possible because of the outstanding contributions from our employees, the support of our customers, and the powerful ecosystem of OEM partners around Absolute. I look forward to partnering with Crosspoint and to our next chapter as a privately held company with the support and expertise of the Crosspoint Capital team,” Christy Wyatt, Absolute President and CEO.
Absolute Software was advised by Perella Weinberg , Raymond James (led by? Bob Flanagan ?and? David J. Atkinson ), Blake, Cassels & Graydon LLP and Cooley LLP (led by?Steve Tonsfeldt?and? Rishab Kumar ). Crosspoint Capital Partners was advised by Barclays , Ropes & Gray LLP (led by? Tom Fraser ?and? Thomas Holden ) and Stikeman Elliott LLP .?
Volkswagen , an automotive manufacturer, completed the acquisition of a 5% stake in XPENG Motors 小鹏汽车 , a smart EV company, for $700m.
“The Volkswagen Group and XPENG each brings in highly complementary strengths into this long-term strategic partnership. We will share Smart EV technologies and world-class design and engineering capability with each other and learn from each other. Since the founding of XPENG, we have been developing full-stack technologies from EV platform to Connectivity and ADAS software in house. We are excited about the opportunity to contribute our expertise to the strategic partnership and create value for XPENG and our shareholders," Xiaopeng He, XPENG Chairman and CEO.
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XPENG was advised by Piacente Financial Communications (led by? Jenny Cai ). Volkswagen was?advised by 摩根士丹利 .
麦格理集团 , a financial services group, agreed to acquire a 50% stake in Enel Green Power Hellas, Enel's renewable subsidiary in Greece, from Enel Group , a manufacturer and distributor of electricity and gas, for $381m.
EGPH operates 59 plants totaling 482 MW of installed capacity powered by wind, solar and hydro as well as six solar projects under construction for an overall capacity of 84 MW. EGPH is also developing a portfolio of wind and solar projects, alongside expanding its activities in innovative solutions such as storage and hybrid projects.
Macquarie is advised by 众达律师事务所 (led by? Vica Irani ?and?Benjamin Michael Larkin).
Private equity backers of Foundation Consumer Healthcare weigh $4bn sale of the company. (FS)
The private equity owners of Foundation Consumer Healthcare are exploring a potential sale of the company behind popular morning-after pill Plan B One-Step,?Bloomberg? reported.
Foundation’s backers, which include Kelso & Company ?and Juggernaut Capital Partners , are working with financial advisers. The company may seek more than $4bn for the business.
Emirates Steel is said to walk away from Thyssenkrupp steel deal.
Emirates Steel Arkan - EMSTEEL is walking away from a potential investment in 蒂森克虏伯 's steel arm, dealing a fresh blow to the German conglomerate’s plans to offload the struggling operations,?Bloomberg? reported.
The state-backed Abu Dhabi company has stopped actively pursuing a deal due to concerns over pension liabilities and other complexities of the business. Emirates Steel was considered the most serious contender to buy a stake in the Thyssenkrupp unit.
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