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Rippling in funding talks at more than $13bn valuation.?
State Street said to explore acquisition of SocGen’s custody arm. (FS)
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The US Federal Trade Commission is preparing to sue to block Coach parent Tapestry 's $8.5bn deal to buy Michael Kors owner Capri Holdings Limited , Reuters reported.
The deal, which would bring together top luxury labels such as Tapestry's Kate Spade, Stuart Weitzman and Capri's Jimmy Choo and Versace, received regulatory clearance from the European Union and Japan on April 15.
Capri is advised by Barclays (led by Lowell Strug and Brett Pickett), Wachtell, Lipton, Rosen & Katz (led by Josh Cammaker and Mark Stagliano ), and Joele Frank (led by Andrew Brimmer).?Barclays?is advised by?Sullivan & Cromwell (led by?Stephen M. Kotran).?Tapestry is advised by 摩根士丹利 (led by Carmen Molinos) and?Latham & Watkins (led by Leah R. Sauter, Josh Dubofsky and Charles K. Ruck ).
VINCI Airports , a company that manages the entire life cycle of airport sites, agreed to acquire a 50.01% stake in Edinburgh Airport , an international airport located in Scotland, from Global Infrastructure Partners, an infrastructure investment fund, for ￡1.27bn ($1.58bn).??
"This partnership underlines our commitment to Scotland and its capital city airport. We are excited to extend our partnership with VINCI to deliver on our shared aspirations for the future of Edinburgh Airport, including our promise to support the airport's 2030 sustainability commitments. We are pleased the senior leadership team will remain in place under the chairmanship of Sir John Elvidge. Their focus remains on the long-term growth, modernisation and sustainability of the airport and on continuing to improve passenger service," Michael McGhee, Global Infrastructure Partners Deputy Chairman and Founding Partner.
Global Infrastructure Partners is advised by J.P. 摩根 and Charlotte Street Partners (led by Malcolm Robertson ).?VINCI Airports is advised by 东方汇理银行 .
7-Eleven , an American international chain of convenience stores, completed the acquisition of 204 convenience stores from Sunoco LP , a limited partnership company which sells motor fuels in retail and wholesale channels, for $1bn.
"Stripes and Laredo Taco Company have been a great addition to our family of brands since they initially joined us back in 2018. We're excited to welcome the remaining Stripes stores and Laredo Taco Company Restaurants to the family, and we look forward to serving even more customers across West Texas, New Mexico and Oklahoma," Joe DePinto, 7-Eleven CEO.
7-Eleven was advised by 摩根士丹利 , Akin Gump Strauss Hauer & Feld LLP (led by Thomas Yang), and Kekst CNC (led by Jochen Legewie ). Sunoco was advised by Vinson & Elkins (led by Lande Spottswood ).
Rippling in funding talks at more than $13bn valuation.
Business software startup Rippling is in talks to raise new funding at a valuation of between $13bn and $14bn, Bloomberg reported.
The company’s new round, which has not yet closed, would inject $200m?into Rippling with another $670m worth of shares being sold by existing stockholders.?This will be Rippling’s Series F and could raise its valuation to as high as $13.4bn on a post-money basis, up from the $11.25bn valuation it reached when it last raised capital in a $500m Series E just a year ago. Rippling had raised $1.2bn total previous to this round.
State Street said to explore acquisition of SocGen’s custody arm. (FS)
美国道富银行 is exploring a potential acquisition of 法国兴业银行 's custody business, as the French lender pushes to streamline its operations, Bloomberg reported.
Boston-based State Street has been discussing terms of a possible purchase of Societe Generale Securities Services, known as SGSS. Societe Generale has been seeking more than €1bn ($1.1bn) for the business.
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