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EQT nears $3bn deal for compliance risk firm Avetta. (FS)
Safety testing company UL Solutions eyes up to $5.8bn valuation in US IPO.?
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Advent , one of the largest and most experienced global private equity investors, agreed to acquire Nuvei , a payment processor headquartered in Montreal, Canada, for $6.3bn.
Canadian shareholders Philip Fayer, Novacap and Caisse de dép?t et placement du Québec (CDPQ) will indirectly own or control approximately 24%, 18% and 12%, respectively, of the equity in the resulting private company as part of the agreement.
"Nuvei has created a differentiated global payments platform with an innovative product offering that serves attractive payments end markets like global eCommerce, B2B and embedded payments. Our deep expertise and experience in payments give us conviction in the opportunity to support Nuvei as it continues to scale from its base in Canada as a global player in the space. We look forward to collaborating closely with Nuvei to capitalize on emerging opportunities to help shape the future of the payments industry," Bo Huang, Advent Managing Director.
Nuvei is advised by Barclays , TD Securities , Davis Polk & Wardwell LLP (led by Evan Rosen ), Norton Rose Fulbright , Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Adam Givertz and Ian Hazlett ) and Stikeman Elliott LLP . Barclays is advised by Shearman & Sterling LLP (led by Sean Skiffington ). Advent is advised by RBC Capital Markets , Blake, Cassels & Graydon LLP and Kirkland & Ellis (led by Will Boothby and Frances Dales ). Debt financing is provided by BMO Capital Markets . CDPQ is advised by CIBC World Markets, Mayer Brown and McCarthy Tétrault . Novacap is advised by Fasken and Willkie Farr & Gallagher LLP (led by Russell Leaf , Jared Fertman and Sean Ewen). Philip Fayer is advised by Osler, Hoskin & Harcourt LLP .
APA, a company engaged in hydrocarbon exploration, completed the acquisition of Callon Petroleum , an independent oil and natural gas company, for $4.5bn.
"This transaction is aligned with APA's overall portfolio strategy and fits all the criteria of our disciplined approach to evaluating external growth opportunities. Callon has built a strong portfolio in the Permian Basin that is complementary to our existing Permian assets and rounds out our opportunity set in the Delaware," John J. Christmann IV, APA CEO and President.
Callon Petroleum was advised by 摩根士丹利 (led by Aaron Hoover), RBC Capital Markets and Kirkland & Ellis (led by Sean T. Wheeler , Debbie Yee , Camille Walker Meissner and James Long). Financial advisors were advised by White & Case LLP (led by Denise A. Cerasani). APA was advised by 花旗 , 富国银行 and Wachtell, Lipton, Rosen & Katz ?(led by Zachary Podolsky and Dan Neff ). Debt financing was provided by 花旗 , J.P. 摩根 , 富国银行 .
Cerberus Capital Management , an American global alternative investment firm, agreed to acquire VeloBank S.A. , a universal bank, from Bankowy Fundusz Gwarancyjny (BFG) , the Polish bank guarantee fund, for PLN1.1bn ($270m).
"The end crowns the work. The sale of VeloBank will complete the resolution of Getin Noble Bank – one of the most complex processes of this type in the European Union. Two years ago, we had a major problem in the Polish banking sector as a bank from the top ten largest entities in the country was at risk of a bankruptcy. Now we have a healthy, modern VeloBank, which gains dynamic owners," Piotr Tomaszewski, Bankowy Fundusz Gwarancyjny President of the Management Board.
Cerberus Capital Management is advised by 年利达 . BFG is advised by J.P. 摩根 and Rymarz Zdort Maruta .
EQT nears $3bn deal for compliance risk firm Avetta. (FS)
EQT Group is nearing a deal to acquire Avetta in a transaction that would value the compliance software provider at about $3bn, including debt, Bloomberg reported.
The Stockholm-headquartered investment firm is buying Avetta through its EQT X fund from Welsh, Carson, Anderson & Stowe .
Safety testing company UL Solutions eyes up to $5.8bn valuation in US IPO.?
Safety testing company UL Solutions is targeting a valuation of up to $5.8bn in its US initial public offering, the latest in a growing number of companies looking to tap into improving investor appetite for new listings,?Reuters ?reported.
The company, which is solely owned by non-profit UL Standards & Engagement, said on April 2 its parent will sell 28m shares between $26 and $29 each to raise up to $812m.
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