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.
Boeing launches $19bn share sale to thwart downgrade.?
Azul reaches deal with bondholders for up to $500m in fresh financing.
You can access today’s complete newsletter?here .
Scroll down for more…
DigitalBridge , a global digital infrastructure investment firm, agreed to acquire Yondr Group , a global developer and operator of hyperscale data centers. Financial terms were not disclosed.
"Yondr’s assets and strong relationships with leading hyperscale clients align with DigitalBridge’s vision to support the future of digital infrastructure. Yondr enhances our existing data center portfolio and strengthens our ability to support hyperscalers. Together, we are well-positioned to capitalize on the increasing demand for hyperscale data centers – fueled by AI, cloud computing, and the ongoing digital transformation across industries," Jon Mauck, DigitalBridge Senior Managing Director.
Yondr Group is advised by 花旗 , White & Case LLP and FTI Consulting . DigitalBridge is advised by 德勤 , Nomura , 年利达 (led by David Martin), Joele Frank (led by Sarah Salky) and Ramboll .
Nippon Paint Holdings Co., Ltd. , a Japanese paint and paint products manufacturing company, agreed to acquire AOC , a multinational corporation and electronics company, from Lone Star Funds , a private equity firm that invests globally in real estate, equity, credit, and other financial assets, for $4.35bn.
“Joining Nippon Paint will allow AOC, which has excelled in growth and margin expansion under private equity ownership, to pursue additional value creation from a longer-term perspective in both organic and inorganic initiatives," Nippon Paint Holdings.
AOC is?advised by Jamieson Corporate Finance and Katzke & Morgenbesser LLP . Lone Star is advised by 花旗 , 摩根士丹利 and Gibson Dunn .
AbbVie , an American pharmaceutical company headquartered in North Chicago, Illinois, agreed to acquire Aliada Therapeutics , a biotechnology company focused on addressing delivery challenges in CNS drug development, for $1.4bn.
"Neuroscience is one of our key growth areas and we are committed to driving innovation in this field to address critical unmet needs for patients living with seriously debilitating neurological diseases such as Alzheimer's disease. This acquisition immediately positions us to advance ALIA-1758, a potentially best-in-class disease-modifying therapy for Alzheimer's disease. In addition, Aliada's novel BBB-crossing technology strengthens our R&D capabilities to accelerate the development of next-generation therapies for neurological disorders and other diseases where enhanced delivery of therapeutics into the CNS is beneficial," Roopal Thakkar, AbbVie executive vice president, research and development and chief scientific officer.
AbbVie is advised by Covington & Burling LLP . Aliada is advised by Centerview Partners and Fenwick & West (led by David Michaels and Effie Toshav).
Boeing launches $19bn share sale to thwart downgrade.
Aerospace giant Boeing launched a nearly $19bn share sale, one of the largest ever by a public company, to address the troubled planemaker’s liquidity needs and stave off a potential credit rating downgrade to junk, Bloomberg reported.
The company offered to sell 90m common shares and about $5bn of depositary shares.
Azul reaches deal with bondholders for up to $500m in fresh financing.
Azul Linhas Aéreas Brasileiras has reached a deal with its bondholders to obtain additional financing of up to $500m, as part of restructuring it expects to ease market concerns about its debt load, Reuters reported.
Azul, which dominates Brazil's airline industry along with LATAM Airlines and GOL Linhas Aéreas , has managed to avoid the fate of a number of Latin American carriers who filed for bankruptcy after the COVID-19 pandemic, including its two main rivals.
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 .