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EQT and PSP completed the acquisition of Radius Global Infrastructure for $3bn. (Financial Sponsors)
Petronas nears $1.6bn deal for India's AM Green unit stake.
Indonesia consortium invests $1.3bn in new capital. (FS)
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EQT Group , an investment organization, and Public Sector Pension Investment Board , a pension investment manager, completed the acquisition of Radius Global Infrastructure , an aggregator of rental streams underlying wireless communications, for $3bn.
"Our investment in Radius demonstrates our conviction that the company will continue to be a leading aggregator of critical digital infrastructure. This investment aligns directly with our thematic investment approach and our focus on partnering with best-in-class companies and management teams. We are excited to partner with the Radius team on this next stage of growth, as we capitalize on the growing global demand for data." Alex Greenbaum, EQT Partner.
Radius was advised by Barclays , 花旗 , 高盛 , Cravath, Swaine & Moore LLP (led by Thomas E. Dunn, Matthew L. Ploszek and Jin-Kyu Baek), Morris Nichols, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Howard Ellin) and FGS Global (led by George Sard). Financial advisors were advised by 富而德律师事务所 (led by Damien R. Zoubek). EQT was advised by 摩根士丹利 , Chiomenti (led by Salvo Arena), Simpson Thacher & Bartlett LLP (led by Michael Holick and Mark Myott) and Kekst CNC (led by Daniel Yunger). PSP was advised by Evercore and Weil, Gotshal & Manges LLP (led by Trey Muldrow and Jenna McBain).?
Abpro , a biotechnology company focused on therapeutics, diagnostics, and research, agreed to go public via a SPAC merger with Atlantic Coastal Acquisition II, a special purpose acquisition corporation, in a $725m deal.?
"This is a milestone for Abpro, and we look forward to working with Atlantic Coastal and its team. The proceeds we expect to raise in connection with this transaction will help accelerate the advancement of our pipeline toward clinical trials and provide the foundation for ongoing development of novel immunotherapies to help patients," Ian Chan, Abpro CEO and Co-Founder.
Abpro is advised by Brookline Capital Markets and Matter Communications .
Roadzen , a global insurance technology company, went public via merger with Tech Edge Acquisition I, a special purpose acquisition company, in a $683m deal.
"Going public is a pivotal moment in Roadzen's journey, yet it's merely one milestone in our mission to deliver simpler, smarter and safer insurance to drivers globally. We're incredibly excited about the transformative potential of AI in reshaping the $800bn auto insurance market and are going to be unwavering in our focus to build Roadzen as the leader at the intersection of AI, mobility and insurance," Rohan Malhotra, Roadzen Founder and CEO.
Roadzen was advised by Winston & Strawn LLP (led by Jason Osborn, David Sakowitz and Jeffrey Stern). Vahanna was advised by 瑞穗实业银行 (led by Rodrigo Flores), Pi Capital , SHEUMACK GMA , DMD Advocates , Gibson, Dunn & Crutcher - Dubai (led by Jai Pathak) and King & Spalding (led by Daniel Kahan). Financial advisors were advised by Sidley Austin LLP .
Petronas nears $1.6bn deal for India's AM Green unit stake.
Malaysia's state oil giant Petroliam Nasional is nearing a deal to acquire a minority stake in the ammonia unit of India's AM Green for about $1.6bn, Bloomberg reported.
PETRONAS is in advanced talks to buy about a 25% stake in the unit, which may be valued at around $6bn in a deal. The companies are finalizing the details and an announcement could be made as soon as in the coming days.
Indonesia consortium invests $1.3bn in new capital. (FS)
A consortium of Indonesian companies, including energy firm PT Adaro Energy Indonesia Tbk and conglomerate PT Astra International Tbk , invested about $1.3bn in the country's new capital city, Reuters reported.
Indonesia has been courting private investors in the $32bn city, known as Nusantara, to move the capital away from congested Jakarta to Borneo island. Aside from Adaro and Astra, the consortium also includes property firm Agung Sedayu Group , retailer Alfamart Trading Philippines, Inc. , energy company Barito Pacific Tbk , conglomerates Sinarmas Land and Salim Group , among others, the Nusantara authority said.
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