MergerLinks Daily Review

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Datasite completed the acquisition of MergerLinks.

EQT completed the acquisition of the upstream assets of Tug Hill and the gathering and processing assets of XcL Midstream for $5.2bn. (Financial Sponsors)

Thoma Bravo completed the acquisition of ForgeRock for $2.3bn. (FS)

BASF weighs €3bn sale of catalyst assets.?

Goldman, KKR, and Blackstone join investor rush for Japan hotels. (FS)

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Datasite completed the acquisition of MergerLinks.

Datasite e, a SaaS-based technology provider for global mergers and acquisitions professionals, completed the acquisition of MergerLinks , a London-based financial data platform used by finance professionals to find deal information, promote credentials and connect with investors, companies, and advisors for capital transactions. Financial terms were not disclosed.

"Providing global dealmakers with innovative technology to facilitate deals faster and more effectively is core to Datasite’s mission. With MergerLinks’ vetted deal and relationships data, Datasite can now help facilitate the ideation phase of a transaction. Combined with our other deal pipeline, marketing, preparation, diligence and acquire applications, dealmakers now have a unique, single place where they can generate and manage their deals end to end to reduce deal friction and optimize outcomes," Rusty Wiley, Datasite CEO.

Datasite was advised by 5WPR (led by Nicholas Koulermos ).

EQT completed the acquisition of the upstream assets of Tug Hill and the gathering and processing assets of XcL Midstream for $5.2bn. (FS)

EQT Group , an integrated energy company, completed the acquisition of the upstream assets of Tug Hill Operating , an operator of an oil and gas exploration company, and the gathering and processing assets of XcL Midstream, LLC , a developer and operator of natural gas assets, for $5.2bn. Tug Hill and XcL Midstream are backed by Quantum Energy Partners, LLC .

"We are excited to complete this strategic transaction and welcome the Tug Hill and XcL Midstream teams to EQT. These assets have among the lowest breakeven prices in Appalachia, and should reduce our pro forma NYMEX free cash flow breakeven price by approximately $0.15 per MMBtu, providing greater resiliency to our business moving forward. We also see the potential for more than $80m per year of synergies, which could drive additional reductions to our corporate cost structure over time," Toby Z. Rice, EQT President and CEO.

EQT was advised by RBC Capital Markets (led by Joel A. Sandler ), Kirkland & Ellis (led by Cyril Jones , David Feirstein and Jennifer Gasser) and FGS Global (led by Kelly Kimberly ). Tug Hill was advised by J.P. 摩根 , 富国银行 , Akin Gump Strauss Hauer & Feld LLP (led by Wesley Williams ) and Vinson & Elkins (led by Robert Hughes and John Connally). Financial advisers were advised by Alston & Bird (led by Stuart Rogers ). Quantum Energy was advised by TPH&Co.

Thoma Bravo completed the acquisition of ForgeRock for $2.3bn. (FS)

Thoma Bravo , a software investment firm, completed the acquisition of ForgeRock , a global digital identity company helping people simply and safely access the connected world, for $2.3bn.

“Identity-centric cybersecurity solutions are a critical enabler for businesses to digitally transform their operations, and ForgeRock’s solutions combine both the advanced security and customer usability needed in the market. We look forward to partnering with ForgeRock to leverage our deep sector expertise and support the company to capitalize on this tremendous market opportunity,” Chip Virnig, Thoma Bravo Partner.

ForgeRock was advised by J.P. 摩根 and Wilson Sonsini Goodrich & Rosati (led by Rezwan Pavri , Marty Korman , Michael Russell , Douglas Schnell and Remi Korenblit ). JP Morgan was advised by Simpson Thacher & Bartlett LLP (led by Caroline Bergman Gottschalk and Jakob Rendtorff ). Thoma Bravo was advised by Kirkland & Ellis , Fried Frank and FGS Global (led by Elizabeth Micci ).

BASF weighs €3bn sale of catalyst assets.

巴斯夫 has hired 摩根士丹利 to help it explore options for its business-making catalysts for combustion engines, including a possible sale, Bloomberg reported.?

The German chemicals company is considering options for its recently carved out Environmental Catalyst and Metal Solutions unit, which also includes catalyst recycling and associated precious metal services. A sale could value ECMS at about €3bn ($3.3bn).?

Goldman, KKR, and Blackstone join investor rush for Japan hotels. (FS)

A rapid tourism recovery in Japan, bolstered by the return of Chinese visitors, and the highest level of inflation in four decades are fueling a boom in hotel investment in the island nation, Bloomberg ?reported.

Foreign investors, including 高盛 , KKR , and Blackstone , have spent a combined $2bn on hotel deals in Japan so far in 2023, the most compared with any other sector in Asian commercial property. That’s already more than the $1.4bn seen for all of 2022.??

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