MergerLinks Daily Review
MergerLinks
Join a community of 250,000+ M&A professionals. Expand your network and discover new business opportunities.
Welcome to MergerLinks Daily Review. Sign up here to get the full round up of your daily dose of blue-chip M&A news directly to your inbox.
Seven & i founding family aims to raise $52bn for buyout this year.
Brookfield weighs €6.45bn bid for Grifols; shares drop. (FS)
You can access today’s complete newsletter here .
Scroll down for more…
Amcor , a responsible packaging solutions developer, agreed to merge with Berry Global, Inc. , a manufacturer and marketer of plastic packaging products, in a $8.43bn deal.?
"This combination delivers on our strategy to accelerate growth by putting the customer first, elevating the role of sustainability and orienting the portfolio toward faster growing, higher margin categories. We will have a more complete and more sustainable product offering, supported by stronger innovation capabilities, global scale and supply chain flexibility. We will help global and local customers grow faster and operate more efficiently with a team of exceptional talent. As a result, this combination also drives a step change in annual free cash flow, earnings growth and value creation for our shareholders. I, and the Amcor team, look forward to joining with Berry to accelerate change and real impact for our customers and their consumers," Peter Konieczny, Amcor CEO.
Berry is advised by Lazard , 富国银行 and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by C. Michael Chitwood). Amcor is advised by 高盛 , 瑞银集团 , Kirkland & Ellis ?(led by Jonathan Davis , Carlo Zenkner, Andrew Norwich and Eric Schiele ) and Sodali & Co (led by James Strong ).
AeroVironment , a defense contractor, agreed to acquire BlueHalo , a purpose-built platform providing industry-leading capabilities, from Arlington Capital Partners , a private investment firm, for $4.1bn.
“For over 50 years, AV has pioneered innovative solutions on the battlefield, and today we are poised to usher in the next era of defense technology through our combination with BlueHalo. BlueHalo not only brings key franchises and complementary capabilities, but also a wealth of technologies, diverse customers and exceptional talent to AV. Together, we will drive agile innovation and deliver comprehensive, next-generation solutions designed to redefine the future of defense. We are thrilled to welcome the talented BlueHalo team as we unite our strengths, expand our global impact and accelerate growth and value creation for AV shareholders,” Wahid Nawabi, AeroVironment Chairman, President and CEO.
BlueHalo is advised by J.P. 摩根 and Goodwin Proctor . AeroVironment is advised by RBC Capital Markets , Latham & Watkins and Joele Frank (led by Joseph M. Sala ).
Bharti Enterprises , an Indian multinational conglomerate, completed the acquisition of a 24.5% stake in 英国电信集团 , a telecommunication and network provider, from Altice USA , a cable, telecommunications, and media company, for $4bn.
“We’re delighted to have completed our investment into BT. Bharti has long recognised the enormous potential of the business. BT’s renewed focus on optimisation, strengthening networks and driving consumer growth makes it well placed to consolidate its position as a leading global telecoms company that delivers long-term value for investors," Sunil Bharti Mittal, Bharti Enterprises Chairman.
BT Group was advised by 富而德律师事务所 Bruckhaus Deringer (led by Piers Prichard Jones and Kate Cooper ). Bharti was advised by 年利达 (led by Michael Fanner ). Altice was advised by 摩根士丹利 and Herbert Smith Freehills (led by Mark Bardell ).
Seven & i founding family aims to raise $52bn for buyout this year.
The founding Ito family behind Japanese retailer Seven & i Holdings aims to raise more than JPY8tn ($52bn) to take it private by the end of this financial year,?Reuters ?reported.
The family has established a special purpose company that is in talks with Japan's three largest lenders and major US financial institutions to raise funds to take the 7-Eleven owner private.
Brookfield weighs €6.45bn bid for Grifols; shares drop. (FS)
Brookfield is considering a €6.45bn ($6.9bn) bid for Grifols , with the drug maker’s board set to meet on November 19?to discuss the potential offer. Grifols’s shares fell,?Bloomberg ?reported.
The transaction committee of Grifols’ board, which oversees talks with Brookfield, has considered the price and concluded that it undervalues the company and it cannot recommend it. Brookfield had issued a seperate regulatory filing earlier, in which it disclosed that it had signaled a tentative, non-binding price of €10.5 ($11) per Class A share of Grifols and €7.62 ($8) per class B share.
Interested to find more? Sign up here to get full round up of your daily dose of blue-chip M&A news directly to your inbox.
You can access today’s complete newsletter here .