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Frasers Group?nears?deal?for?fashion chain Ted Baker.
Energy producers?Santos,?Repsol?explore sale of stakes in Alaska oilfields.
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The Ardonagh Group , an independent insurance broking platform, agreed to acquire PSC Insurance Group , an Australian-based diversified insurance services company, for $1.51bn.
“Today marks an important day in?PSC’s?history.?This transaction?recognises?the quality and strength of?PSC’s?people and business?that?has?developed over the last 18 years.?We believe this transaction?maximises?value for PSC shareholders while also providing an excellent platform for growth for PSC employees and clients,”?Paul?Dwyer, PSC Chairman.
Ardonagh is advised by Sodali & Co (led by Peter Brookes ), 麦格理集团 , Stanton Road Partners , Ashurst , Herbert Smith Freehills , Powerscourt, a Sodali & Co company (led by Justin Griffiths ) and Zuke Communications (led by Elinor Zuke ).
KKR , an American global investment company, agreed to acquire the wealth management and corporate trust businesses of Perpetual Limited ,?a global?financial services firm, for $1.43bn.
“This is a positive outcome for our shareholders,?our clients and our?people.?Each business will now have the focus and capital required to continue?to grow?in their respective markets?ensuring?our clients?continue to?receive world-class advice and services.?In the remaining Asset Management business, our shareholders will own a simpler, more streamlined, pure-play and independent global multi boutique investment management business, with organic growth potential,"?Rob?Adams, Perpetual Group CEO and Managing Director.
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Perpetual is advised by 美国银行 , 高盛 , Luminis Partners , Herbert Smith Freehills and Sodali & Co (led by Jon Snowball ).
Labcorp , an innovative and comprehensive laboratory services provider, and Invitae , a medical genetics company,?announced today that the United States Bankruptcy Court has approved the previously announced bid by Labcorp to acquire?assets of?Invitae.
"As a leading medical genetics company, Invitae has advanced genomics-based testing solutions across its network. Invitae will complement our business and advance our leadership in genetic screening, diagnostics and specialty testing. This supports our goal to provide best-in-class resources and health insights for patients and physicians," Mark Schroeder , Labcorp Executive Vice President and COO.
Labcorp is advised by 霍金路伟 and Kilpatrick Townsend & Stockton LLP .?Invitae is advised by Moelis & Company , Kirkland & Ellis and FTI Consulting .
Frasers Group?nears?deal?for?fashion chain Ted Baker.
Billionaire Mike?Ashley's?Frasers Group is closing in on a deal to become the new British partner of struggling fashion chain Ted Baker , Reuters reported.
Apparel and sportswear retailer Frasers has emerged as the preferred partner for the chain following the collapse of No Ordinary Designer Label, Ted Baker's existing UK licensing partner.
Energy producers?Santos, Repsol?explore sale of stakes in Alaska oilfields.
Oil and gas producers Santos Ltd and Repsol are exploring a sale of a minority stake in oilfields in Alaska they jointly own and develop in a deal that could be worth about $1bn, Reuters reported.
The oilfields include the Pikka project,?which is one of the?largest?oil prospects in Alaska?and has been valued at about $4.5bn by consultancy firm Rystad Energy .
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