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Shell receives final bids for UK North Sea gas assets.?
Hayfin Capital Management raises $6.6bn for the latest fund. (FS)
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UK's competition regulator said on August 21 it has cleared US tech company 博通 's $69bn purchase of VMware , following an in-depth phase-2 probe.?
The Competition and Markets Authority?in July provisionally cleared the deal, saying it would not weaken competition in the supply of critical computer server products,?Reuters?reported.
Broadcom is advised by 美国银行 (led by? Kevin Brunner ?and? Ron Eliasek ), Barclays (led by? Richard Hardegree ,?Gary Posternack, and? Laurence Braham ), 花旗 (led by? Dan Mallegni ), 瑞信 (led by? David Wah ), 摩根士丹利 (led by? Anthony Armstrong ), 富国银行 , Cleary Gottlieb Steen & Hamilton LLP , 美迈斯 (led by? Adit Khorana ), Wachtell, Lipton, Rosen & Katz (led by? Ron Chen ,? Viktor Sapezhnikov ?and? David Karp ), 博然思维集团 (led by? Simon Sporborg ) and Joele Frank (led by? Joele Frank ). Financial advisors are advised by Cooley LLP (led by? Ben Beerle ). VMware is advised by 高盛 (led by? Stephan Feldgoise ?and? Sam Britton ), J.P. 摩根 (led by? Madhu Namburi ), Axinn, Veltrop & Harkrider LLP (led by? John Harkrider ), Gibson Dunn (led by? Barbara Becker ), Sullivan & Cromwell LLP (led by? Michael Rosenthal ), FGS Global (led by? Paul Kranhold ). Financial advisors are advised by Sullivan & Cromwell LLP (led by? Alison Ressler ) and Debevoise & Plimpton (led by? Michael Diz ). Silver Lake is advised by Simpson Thacher & Bartlett LLP (led by? Atif Azher ).?
Permian Resources , an oil and natural gas company that engages in acquisition and development, agreed to acquire Earthstone Energy, Inc. , an oil and natural gas development and production company, for $4.5bn.?
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“We believe the acquisition of Earthstone represents a compelling value proposition for our shareholders and strengthens our position as a premier Delaware Basin independent E&P. Earthstone’s Northern Delaware position brings high-quality acreage with core inventory that immediately competes for capital within our portfolio. Additionally, we have identified numerous ways to leverage our deep Delaware Basin experience and incremental scale to improve upon these assets across the board, including approximately $175m?of annual synergies. Permian Resources has a proven integration track record, and we believe the successful execution of these cost savings will create incremental value for both Permian Resources and Earthstone stakeholders,” Will Hickey, Permian Resources Co-CEO.
Permian Resources is advised Jefferies , 摩根士丹利 , and Kirkland & Ellis (led by? Sean T. Wheeler ,? Debbie Yee ,? Camille Walker Meissner ?and? Emily Lichtenheld ). Earthstone Energy is advised RBC Capital Markets , 富国银行 , and Vinson & Elkins (led by? Doug McWilliams ?and? Lande Spottswood ).
达信 , a provider of insurance brokering and risk management services for enterprises, agreed to acquire Honan Insurance Group , a commercial insurance broker, from TA Associates . Financial terms were not disclosed.
"This transaction is good news for both our clients and colleagues who will benefit from the combination of our experience with Marsh's global resources and solutions. It is also significant recognition for the hard work and dedication of the entire Honan team, which has helped us create a valuable proposition for clients. With the support of TA over the last three years, Honan has undergone a period of accelerated growth, completing several acquisitions and increasing revenue and profitability. I look forward to building on our joint dedication to innovation and excellent client service, while supporting colleagues in their career development, and contributing to their continued success. The senior leadership team at Honan are committed to this exciting next phase of growth within Marsh," Andrew Fluitsma, Honan CEO.
Shell receives final bids for UK North Sea gas assets.
壳牌 has whittled down bidders for its southern North Sea gas fields to three final contenders,?Bloomberg?reported.?
Perenco , Ithaca Energy , and newcomer Viaro Energy have bid for a package of UK assets that includes the Leman Alpha hub, the Clipper field, and the Bacton gas terminal. The assets may be valued at around $600m to $800m.
Hayfin Capital Management raises $6.6bn for the latest fund. (FS)
Hayfin Capital Management LLP exceeded its fundraising target of $6.6bn for its latest fund, Hayfin Direct Lending Fund IV.
Hayfin expects total available capital to be at or near the strategy’s hard cap of $7.6bn?by the end of the year.?
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