MergerLinks Daily Review

MergerLinks Daily Review

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.

Verizon to acquire Frontier for $20bn.

GTCR completed the acquisition of AssetMark from Huatai Securities for $2.7bn. (Financial Sponsors)

Warburg Pincus completed the acquisition of a minority stake in Aztec Group. (FS)

Samsonite is said to pick JP Morgan and Morgan Stanley for dual listing in US.?

Private equity giant CVC raises €7.4bn in first six months. (FS)

You can access today’s complete newsletter?here .

Scroll down for more…

Verizon to acquire Frontier for $20bn.

Verizon , an American telecommunications company, agreed to acquire Frontier Internet , a telecommunications company that provides fiber internet, TV, and phone services to consumers and businesses, for $20bn.

“The acquisition of Frontier is a strategic fit. It will build on Verizon’s two decades of leadership at the forefront of fiber and is an opportunity to become more competitive in more markets throughout the United States, enhancing our ability to deliver premium offerings to millions more customers across a combined fiber network,” Hans Vestberg, Verizon Chairman and CEO.

Frontier is advised by Barclays , PJT Partners , Cravath, Swaine & Moore LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Jeffrey D. Marell). Financial advisor is advised by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Richard Oliver and Micah Kegley). Verizon is advised by Centerview Partners , 摩根士丹利 and Debevoise & Plimpton .?

GTCR completed the acquisition of AssetMark from Huatai Securities for $2.7bn. (FS)

GTCR LLC , a private equity firm, completed the acquisition of AssetMark , a wealth management technology platform for financial advisors, from 华泰证券 , a securities company, for $2.7bn.

“This transaction is a testament to the support and commitment of Huatai over the past seven years, and the hard work of the entire AssetMark team. Together with Huatai, we have accomplished remarkable results, and we look forward to partnering with GTCR on the next phase of growth,” Michael Kim, AssetMark CEO.

AssetMark was advised by 摩根士丹利 , Davis Polk & Wardwell LLP (led by?Alan F. Denenberg?and?Michael Gilson) and 博然思维集团 (led by?Jonathan Doorley). GTCR was advised by 美国银行 , Barclays , 瑞银集团 , Jefferies , Kirkland & Ellis (led by?Ted Frankel,?Christopher Thomas?and?Christopher Grady) and 普衡律师事务所 (led by?Chris Daniel?and?Michael Rosella). Debt financing was provided by Barclays and 瑞银集团 .

Warburg Pincus completed the acquisition of a minority stake in Aztec Group. (FS)

Warburg Pincus LLC , a private equity firm, completed the acquisition of a minority stake in Aztec Group , a fund and corporate services provider. Financial terms were not disclosed.

"Welcoming Warburg Pincus highlights the increasing strength of Aztec and the significant potential that lies ahead. We are excited to partner with a global investor in Warburg Pincus, which has a strong track record in supporting businesses like ours to further their growth trajectories. In becoming a significant client of Aztec, Warburg Pincus is fully committed to retaining what makes Aztec so special: the strength of our teams and our proud record of providing world-class client service. We look forward to working together to capture the significant opportunities in Private Capital moving forwards," Kathryn Purves, Aztec Group CEO.

Aztec Group was advised by Evercore , Liberty Corporate Finance , 普华永道 , Carey Olsen , Latham & Watkins , Priestly Soundy and 安永 . Warburg Pincus was advised by Alvarez & Marsal , Oliver Wyman , 安永 and Kirkland & Ellis .

Samsonite is said to pick JP Morgan and Morgan Stanley for dual listing in US.

Samsonite 's board approved the US dual listing plan in August as the company seeks to improve liquidity and become more accessible to global investors.

Samsonite has selected J.P. 摩根 and 摩根士丹利 to help arrange its listing. Other banks are also looking to join the lineup, Bloomberg reported.

Private equity giant CVC raises €7.4bn in first six months. (FS)

CVC raised €7.4bn ($8.2bn) in capital in the first six months of this year in its first set of earnings as a listed company, Bloomberg reported.

Total revenue grew 27% year-on-year to about €638m ($706m) in the first half of the year, while fee-paying assets under management increased by 45% to €142bn ($157bn) from €98bn ($108bn) at the end of 2023.

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 .

要查看或添加评论,请登录

社区洞察

其他会员也浏览了