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Adnoc's $30bn chemicals deal with Austria's OMV stalls.
Broadcom nears $3.8bn sale of remote access unit to KKR. (FS)
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Lotus Technology, a global luxury electric vehicle maker, went public via a SPAC merger with L Catterton Asia Acquisition in a $5.4bn deal.
"We are very pleased to announce the successful completion of the business combination with Lotus Tech, a pioneer in the electrification of luxury mobility with a world-leading product portfolio of luxury vehicles. We are confident Lotus Tech's listing on the Nasdaq will further its global expansion, and look forward to joining them in the exciting growth journey ahead," Chinta Bhagat, LCAA Co-CEO.
Lotus was advised by 德意志银行 , 富而德律师事务所 (led by Zheng Zhou and Howie Farn ), Han Kun Law Offices , Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Shu Du?and Peter Huang ) and 博然思维集团 . L Catterton was advised by 瑞信 , Fangda Partners , Kirkland & Ellis (led by Joseph Raymond Casey and Jesse Sheley ). Credit Suisse is advised by Shearman & Sterling LLP .?
Coca-Cola Europacific Partners , an independent Coca-Cola bottler, and Aboitiz Equity Ventures, an investment management firm, completed the acquisition of Coca-Cola Beverages Philippines , a company that is engaged in the bottling and distribution of Coca-Cola products, for $1.8bn.
The acquisition would build on AEV's portfolio diversification into the branded consumer goods space. AEV is well-positioned to support CCBPI's growth ambition through the synergies which could be generated from AEV's other business interests in the country. The acquisition would also build on CCEP's successful expansion into Australia, Pacific & Indonesia in 2021.
Coca-Cola Europacific Partners was advised by Rothschild & Co , Slaughter and May (led by Roland Turnill and Robert Innes ) and Villaraza & Angangco (led by Franchette Acosta and Kristin Charisse Siao ). Aboitiz Equity was advised by Nomura and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Rajeev Duggal and Jonathan Stone ).
Sequoia Capital China, a private equity firm, led a $1bn round in Moonshot AI , an artificial intelligence startup, with participation from 小红书 , 美团 , and 阿里巴巴集团 .
The new funding round has boosted Moonshot AI's value to $2.5bn.
Adnoc's $30bn chemicals deal with Austria's OMV stalls.
Talks over a planned $30bn merger between the chemicals arms of ADNOC Group and Austria's OMV have stalled over recent weeks, putting at risk a complicated deal to create a new market leader,?FT ?reported.
The negotiations have cooled to allow both sides to navigate a series of disagreements. At one point in mid-December, Adnoc and OMV, an energy and chemicals group, had been less than 24 hours away from announcing a deal, even having practice runs of analyst presentations to unveil the agreement.
Broadcom nears $3.8bn sale of remote access unit to KKR. (FS)
Chipmaker 博通 is nearing a $3.8bn deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR , Reuters reported.
The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company's portfolio after completing its $69bn takeover of software maker VMware in November.
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