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Pantheon closes $5.3bn infrastructure secondaries fund-it's largest fundraise. (FS)
Italy plans to sell €2bn Eni stake to reduce debt.
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Sekisui House, Ltd. , a residential developer that has delivered over 2m homes for people around the globe, agreed to acquire MDC Holdings Inc. , an American home construction company, for $4.9bn.
"M.D.C., through our Richmond American Homes brand, has been trusted by customers for decades. As part of Sekisui House's US family of brands, we expect new opportunities for growth across our footprint for our team members and within our customer offering. We thank all of our team members across the organization for their hard work that made this transaction possible and will position the combined company as a leading homebuilder. Sekisui House and its brands are well respected with a reputation for quality, and we look forward to becoming an important part of the portfolio," David Mandarich, M.D.C. President, CEO and Director.
Sekisui House is advised by MUFG , Moelis & Company , Morrison Foerster (led by Randy Laxer and Joseph Sulzbach ), and Hearthstone . M.D.C. Holdings is advised by Vestra Advisors , Brownstein Hyatt Farber Schreck , and Paul, Weiss, Rifkind, Wharton & Garrison LLP .
R1 RCM , a provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, completed the acquisition of Acclara , a technology-driven revenue cycle management company, from Providence , one of the nation's largest health systems, for $675m.
"We are pleased to complete the acquisition of Acclara and enter into our long-term partnership with Providence, and we look forward to the significant value we believe this transaction will create for customers and shareholders. Acclara strengthens our position as the trusted partner of choice in revenue cycle management and extends our ability to deploy advanced technology solutions and drive execution to improve customer and patient outcomes. We warmly welcome the Acclara team to R1 and look forward to new growth opportunities together and to leveraging our technology and automation capabilities across our expanded portfolio," Lee Rivas, R1 CEO.
R1 RCM was advised by Centerview Partners , J.P. 摩根 (led by Nick Richitt ), Baker Donelson , Kirkland & Ellis , Perkins Coie (led by Nick Ferrer ), Allison Worldwide (led by Amanda Critelli ), and Joele Frank (led by Andrew Siegel ). Providence was advised by BDT & MSD Partners , ArentFox Schiff and McDermott Will & Emery .
Commerzbank AG , an international commercial bank based in Germany, agreed to acquire a 74.9% stake in Aquila Capital , an investment management company. Financial terms were not disclosed.
"Since 2006, the core focus of our business at Aquila Group has been to contribute to the decarbonization of the global economy. The shift towards renewable energy and a "green industrialization" opens up investment opportunities that not only offer attractive returns but will also become increasingly important due to the rapidly growing capital requirements in the coming years. Against this backdrop, we are intensifying our efforts to mobilize private capital. The partnership with Commerzbank significantly expands our client network, facilitates the swift development of new, attractive investment products aimed at a net-zero economy and strengthens Aquila Group's position in the market. Together with Commerzbank, we plan to significantly enhance Aquila Capital Investmentgesellschaft's prominent role as a sustainable real asset investor and expand it internationally," Roman Rosslenbroich, Aquila Co-Founder and CEO.
Pantheon closes $5.3bn infrastructure secondaries fund-it's largest fundraise. (FS)
Global private markets investor Pantheon has raised $5.3bn for its infrastructure secondaries fund, marking the firm's largest-ever fundraising, DealStreetAsia reported.
Pantheon Global Infrastructure Fund IV and associated vehicles, or PGIF IV, launched in 2021, garnered commitments from a wide range of institutional and private wealth investors across Asia, North America, Europe, and the Middle East.
Italy plans to sell €2bn Eni stake to reduce debt.
Italy’s government is planning the sale of up to 4% of エニ after the oil company completes a buy-back plan, a deal which would allow Rome to reduce its mammoth debt.
Prime Minister Giorgia Meloni’s administration aims to gain about €2bn ($2.2bn) from the sale of the stake, as part of its privatization push. The proposals are still being worked out and could change,?Bloomberg?reported.
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