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Lundin Mining and BHP to acquire Filo for $2.9bn.

Crescent Energy completed the acquisition of SilverBow Resources for $2.1bn.

Canva to acquire Leonardo.AI.?

UK cancels plan to sell NatWest stake to the British public.

Silver Lake to join IFM-backed group in AirTrunk bidding. (Financial Sponsors)

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Lundin Mining and BHP to acquire Filo for $2.9bn.

Lundin Mining Corporation , a Canadian base metals mining company, and BHP , a multinational mining and metals public company, agreed to acquire Filo Corp. , a mining company focused on advancing the company's key project, Filo del Sol, for $2.9bn.

“This strategic transaction is the key to unlocking the enormous value that the Vicu?a District represents. As we partner to acquire Filo del Sol, one of the world’s largest undeveloped copper-gold-silver deposits, with its true size yet to be defined, we are very excited about the future of the Company and our role in developing this region. Combined with the Josemaria project, we are now positioned to create a multi-generational mining district with significant synergies and cost savings on a scale that has the potential to become one of the world’s largest of its kind. Importantly, we gain a valued partner in BHP and together we aim to generate long-term value through combining complementary skills and experiences, foundational to our near-term goal of becoming a top-tier copper producer," Jack Lundin, Lundin Mining President and CEO.

Filo is advised by BMO Capital Markets , National Bank Financial , Blake, Cassels & Graydon LLP and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by June Dipchand ). Lundin Mining is advised by 摩根士丹利 , Rothschild & Co , Cassels Brock & Blackwell LLP , Fasken and Sullivan & Cromwell LLP . BHP is advised by TD Securities and Stikeman Elliott LLP .

Crescent Energy completed the acquisition of SilverBow Resources for $2.1bn.

Crescent Energy , a US independent energy company, completed the acquisition of SilverBow Resources , an independent oil and gas company, for $2.1bn.

“Today is an exciting day for Crescent. We are well positioned to create value, and I am grateful for the trust from our original Crescent and new SilverBow shareholders, each of whom voted with an overwhelming majority to approve our merger and to take equity consideration and participate in the go-forward company. Through disciplined investing and operations, we have delivered profitable growth, tripling the size of our business over the last four years. We have created a premier growth through acquisition platform by executing on our cash flow and returns-oriented strategy. Today, we are focused on rapidly integrating our new assets and personnel and continuing to deliver on the significant synergies we’ve identified to strengthen returns. We are highly confident in our ability to execute and demonstrate Crescent’s value proposition as a leading mid-cap company,” David Rockecharlie, Crescent CEO.

SilverBow was advised by 美国银行 , Evercore , Gibson Dunn (led by Stephen Olson ) and Joele Frank (led by Adam Pollack ). Crescent was advised by?Intrepid Financial Partners, Jefferies , 富国银行 , Richards, Layton & Finger , Vinson & Elkins (led by Jackson O’Maley, Doug McWilliams , Robert Hughes and Jordan Fossee ). Debt financing was provided by 富国银行 .?Financial advisors were advised by Baker Botts (led by Joshua Davidson ) and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Ann Beth Stebbins ).

Canva to acquire Leonardo.AI.

Canva , a free online visual communications and collaboration platform, agreed to acquire Leonardo.Ai , a generative AI platform for content creation. Financial terms were not disclosed.

“We’re thrilled to welcome Leonardo.AI to Canva - two Australian companies joining forces to bring world-first breakthroughs in AI and creativity. This field is constantly evolving, and Leonardo’s technical leadership and community impact can’t be overstated. Bringing our worlds together will accelerate each of our teams' work, taking us from strength to strength, and we can’t wait to get started,” Cameron Adams, Canva co-Founder and Chief Product Officer.

UK cancels plan to sell NatWest stake to the British public.

The UK won’t pursue a plan to sell some of its ￡6bn ($8bn) stake in NatWest Group to the public, after Chancellor of the Exchequer Rachel Reeves concluded it didn’t provide value for money, Bloomberg reported.

“A retail share sale offer would involve significant discounts that could cost taxpayers hundreds of millions of pounds. It would therefore not represent value for money and will not go ahead. It is a bad use of taxpayer money and we will not do it,”?Rachel Reeves.

Silver Lake to join IFM-backed group in AirTrunk bidding. (FS)

Silver Lake Management is joining a consortium backed by IFM Investors and DigitalBridge Group in the bidding for Australian data center operator AirTrunk , Bloomberg reported.

Global Infrastructure Partners (GIP) is also part of the IFM-backed group. AirTrunk’s owners, which include 麦格理集团 ’s asset management arm and PSP Investments | Investissements PSP , could seek a valuation of about AUD20bn ($13bn) in the potential sale.

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