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Zelis owners in talks to sell stake at $17bn value. (FS)
Midea starts taking investor orders for up to $3.5bn Hong Kong IPO.
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Squarespace , the design-driven platform helping entrepreneurs build brands and businesses online, and Permira , the global private equity firm, raised their definitive agreement deal value from $6.9bn to $7.2bn.
The revised transaction is structured as a tender offer and is conditioned on a majority of the shares held by unaffiliated stockholders tendering into the offer. The amendment was unanimously approved and recommended by a Special Committee of the Squarespace Board of Directors, composed entirely of independent and disinterested directors, and unanimously approved by the Squarespace Board of Directors. All existing rolling shareholders have agreed to roll at the revised offer price.
Squarespace is advised by Centerview Partners , J.P. 摩根 , Richards, Layton & Finger , Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Christopher Barlow ) and Wilson Sonsini Goodrich & Rosati . Permira is advised by 高盛 , Latham & Watkins (led by Mariclaire Petty Brewer , Brian Mangino and Amber Banks ) and FGS Global (led by Brooke Gordon ). Debt financing is provided by Ares Capital , Blackstone and Blue Owl Capital . Debt providers are advised by 普衡律师事务所 (led by John Cobb and Jennifer Yount ). General Atlantic is advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Ellen Ching and Matthew Abbott). Accel is advised by Cooley LLP (led by Ben Beerle and Amelia Davis ).
Methanex Corporation , a company that supplies, distributes and markets methanol worldwide, agreed to acquire methanol business from OCI Global , a nitrogen, methanol and hydrogen producer,?for $2.05bn.
“This is a unique opportunity to create value by acquiring two highly attractive North American methanol assets that will further strengthen our global production base and we expect it will be immediately accretive to free cash flow per share. The Beaumont plants benefit from access to North America’s abundant and favourably-priced supply of natural gas feedstock, and are expected to increase our global methanol production by over 20%,” Rich Sumner, Methanex President and CEO.
Methanex is advised by 德意志银行 , RBC Capital Markets , McCarthy Tétrault , 贝克?麦坚时 , Loyens & Loeff and Reed Smith LLP . OCI Global is advised by 摩根士丹利 and A&O Shearman .
Charter Hall , an Australian property development and funds management company, and Hostplus, an Australian industry superannuation fund, offered to acquire the remaining 85% stake in Hotel Property Investments , an Australian Real Estate Investment Trust with a large portfolio of freehold pubs and associated tenancies, for AUD609m ($406m).
The Board of HPI intends to formally recommend that securityholders reject the offer. HPI believes that its existing portfolio and current strategy, including its organic growth initiatives, offer significantly greater value to HPI securityholders.
HPI is advised by 美国银行 , Denison Partners , Herbert Smith Freehills and Sodali & Co (led by Jim Kelly). Charter Hall is advised by Barrenjoey Capital Partners, 花旗 and Arnold Bloch Leibler .
Zelis owners in talks to sell stake at $17bn value. (FS)
Bain Capital and Parthenon Capital are in talks to sell a minority stake in Zelis in a transaction that could value the health-care technology company at about $17bn, Bloomberg reported.
The private equity firms are considering selling a 20% to 25% stake in Zelis. Zelis has received preliminary interest from health-insurers, a payments company, buyout firms and sovereign wealth funds.
Midea starts taking investor orders for up to $3.5bn Hong Kong IPO.
美的集团 started taking investor orders for its share sale in Hong Kong, which could be worth as much as $3.5bn and be the city's biggest listing in more than three years, Bloomberg reported.
The Foshan-based appliance maker is offering 492.1m shares at $6.67?to $7.03?a piece. At the low end of the marketed price range, that represents a 25% discount to the company's Shenzhen-traded shares on September 6.
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