MergerLinks Daily Review

MergerLinks Daily Review

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SigmaRoc completed the acquisition of the European lime operations of CRH for $1.1bn.

Knorr-Bremse completed the acquisition of the North American conventional signalling business of Alstom for €630m.

General Catalyst led a $340m funding round in Zepto. (Financial Sponsors)

Blackstone is said to near $13bn deal to acquire AirTrunk. (FS)

Investcorp Co-CEO leaves $52bn asset manager in shakeup (FS, People)

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SigmaRoc completed the acquisition of the European lime operations of CRH for $1.1bn.

SigmaRoc plc , a building material company, completed the acquisition of the European lime operations of CRH , a provider of building materials solutions, for $1.1bn.

"The decision to divest at an attractive valuation follows a comprehensive review of the Business and demonstrates CRH’s active approach to portfolio management. The proceeds from the divestment will provide us with significant additional capital allocation opportunities to deliver further growth and value creation for our shareholders," Albert Manifold , CRH CEO.

SigmaRoc was advised by Deutsche Numis (led by Richard Thomas), Peel Hunt (led by Mike Bell , Sohail Akbar and Jock Maxwell Macdonald ), 法国巴黎银行 (led by Tom Snowball ), Panmure Liberum (led by Dru Danford, CA(SA), CFA and Mark Harrison), Rothschild & Co (led by Adam Young ), Santander (led by Javier Mata and Oliver Tucker ), CMS (led by Alasdair Steele ), White & Case LLP (led by David Lewis ) and Walbrook PR (led by Tom Cooper ). CRH was advised by J.P. 摩根 , Hengeler Mueller (led by Frank Burmeister and Dr. Annika Clauss ) and Wolf Theiss (led by Tereza Nau?ová ).

Knorr-Bremse completed the acquisition of the North American conventional signalling business of Alstom for €630m.

克诺尔集团 , a German manufacturer of braking systems for rail and commercial vehicles, completed the acquisition of the North American conventional signalling business of 阿尔斯通运输 , a rolling stock manufacturer, for €630m ($696).

"We are pleased to sign this agreement, which marks an important step in the implementation of our action plan. It evidences the work of our North American signalling employees, who have built and advanced this very successful business over the past few years," Henri Poupart-Lafarge , Alstom Chairman and CEO.

Knorr-Bremse was advised by Hengeler Mueller (led by Prof. Dr. Hans-Joerg Ziegenhain ) and Hughes Hubbard & Reed LLP (led by Gerold Niggemann ). Alstom was advised by Accuracy , Groupe Crédit Agricole , J.P. 摩根 , PJT Partners , Cleary Gottlieb Steen & Hamilton LLP and White & Case LLP (led by Kimberly C. Petillo-Décossard ).

General Catalyst led a $340m funding round in Zepto. (FS)

General Catalyst , a US-based venture capital firm, led a $340m funding round in Zepto , India's fastest-growing e-grocery company.

"The opportunity to bring onboard a lead investor of Neeraj Arora’s calibre from General Catalyst was one we couldn't pass on. Strengthening our balance sheet is a strategic move, particularly as the company continues to deliver robust growth and operating leverage," Aadit Palicha , Zepto CEO.

Blackstone is said to near $13bn deal to acquire AirTrunk. (FS)

Blackstone is nearing a deal to acquire Australian data center operator AirTrunk for more than AUD20bn ($13.5bn), including debt in what could be one of the largest digital infrastructure deals this year, Bloomberg reported.

Blackstone has emerged as the preferred buyer for AirTrunk after outbidding other rival bidders. The New York-based alternative asset manager and AirTrunk owners 麦格理集团 , and PSP Investments are negotiating the final details of a transaction that could be signed as soon as this week.

Investcorp Co-CEO leaves $52bn asset manager in shakeup. (FS, People)

The Middle East’s largest alternative asset manager is set to lose one of its most senior managers as part of a sweeping reshuffle that will result in the co-chief executive officer role being scrapped, with the chairman taking on more responsibilities, Bloomberg reported.

Hazem Ben-Gacem is stepping down as co-chief executive officer and leaving Bahrain-based Investcorp , which manages about $52bn in assets. Rishi Kapoor , who was also Co-CEO, will take on a new role as vice chairman and chief investment officer.

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