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Silver Lake lines up $8.5bn financing for Endeavor buyout.
UBS weighs Credit Suisse China stake swap with Beijing government.
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Aviva , a multinational insurance company, completed the acquisition of AIG Life Ltd , an insurance agency, from Corebridge Financial , an American multinational financial services company, for $563m.
“This acquisition brings significant strategic and financial benefits to Aviva. It strengthens our prospects in the highly attractive UK protection market and continues our progress in repositioning the Group towards capital-light growth. We look forward to welcoming our new customers and colleagues to Aviva.” Amanda Blanc , Aviva Group Chief Executive Officer.
Aviva was advised by Evercore , Slaughter and May (led by Nick Bonsall, Philippe Chappatte , David Ives , Philip Linnard , Jane Edwarde , Charles Osborne , Rebecca Cousin , Richard Smith and Claire Jackson ) and 博然思维集团 . Corebridge Financial was advised by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Todd Freed ) and J.P. 摩根 .
Grupo Financiero Galicia S.A. , a financial services holding company, agreed to acquire the Argentina business of 汇丰 , a British universal bank and financial services group, for $550m.
“We are pleased to agree the sale of HSBC Argentina. This transaction is another important step in the execution of our strategy and enables us to focus our resources on higher value opportunities across our international network. HSBC Argentina is largely a domestically focused business, with limited connectivity to the rest of our international network. Furthermore, given its size, it also generates substantial earnings volatility for the Group when its results are translated into US dollars. Galicia is better placed to invest in and grow the business," Noel Quinn , HSBC CEO.
Blue Owl Capital , a private equity firm, agreed to acquire Prima Capital Advisors , an investment advisor specializing in commercial mortgage investments, for $170m.
"In evaluating the next stage for how we can best serve our stakeholders, we identified Blue Owl as the clear value-driver given the strength of their management team, their exceptional capabilities and strong culture of collaboration. I along with Prima CIO Nilesh Patel, CFO Julia Tcherkassova, and the rest of the Prima team, are excited to join Blue Owl and continue the strong legacy we created over the past three decades," Gregory White, Prima CEO.
Prima Capital Advisors is advised by 摩根士丹利 , Kramer Levin Naftalis & Frankel LLP and Pillsbury Winthrop Shaw Pittman LLP . Blue Owl Capital is advised by Newmark Group , Berkshire Global Advisors , J.P. 摩根 , Natixis Corporate & Investment Banking , Scotiabank , 富国银行 and Kirkland & Ellis .
Silver Lake lines up $8.5bn financing for Endeavor buyout. (FS)
Silver Lake Management L.L.C. has lined up as much as $8.5bn of debt financing for its buyout of Endeavor Group Holdings, the talent agency and controlling investor in WWE and the Ultimate Fighting Championship , 彭博资讯 reported.
摩根大通 is leading underwriters on a portion of the financing structured as a leveraged loan. The makeup and amount of debt could still change.
UBS weighs Credit Suisse China stake swap with Beijing government. (FS)
瑞银集团 Group is in discussions to attain full ownership of its China platform by swapping its holding in 瑞信 ’s onshore securities venture with a Beijing government investment fund, 彭博资讯 reported.
The Zurich-based lender is proposing to buy the 33% stake held by Beijing State-Owned Assets Management in their joint venture UBS Securities. In return, UBS will sell part of or its entire 51% stake in Credit Suisse Securities (China) to the Beijing government fund.
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