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Billionaire Kretinsky, OnePoint pitch competing offers for Atos. (FS)
Shell confirms intention to exit South Africa operations.
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CPP Investments | Investissements RPC and Global Infrastructure Partners (GIP) , private equity firms, agreed to acquire ALLETE , an energy company, for $6.2bn.
“Our?‘Sustainability-in-Action'?strategy has secured?ALLETE’s?place as a clean-energy leader. Through this transaction with CPP Investments and GIP, we will have access to the capital we need while keeping our customers, communities and co-workers at the forefront of all that we do, with continuity of our day-to-day operations, strategy and shared purpose and values. CPP Investments and GIP have a successful track record of long-term partnerships with infrastructure businesses, and they recognize the important role our ALLETE companies serve in our communities?as well as?our?nation’s?energy future. Together, we will continue to invest in the clean-energy transition and build on our?100 plus-year?history of providing safe, reliable, affordable energy to our customers,"?Bethany Owen, ALLETE Chair, President, and CEO.
ALLETE is advised by Houlihan Lokey , J.P. æ‘©æ ¹ and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates .
EQT Group , a private equity firm, agreed to acquire Perficient , a digital consultancy, for $3bn.
“Today marks a momentous next step for our company.?This is an exciting new chapter that?would not have been possible without our?employees’?hard work and dedication to our clients, partners, and other stakeholders. EQT’s?vision for Perficient aligns directly with ours, and I look forward to partnering with them as we continue on our global growth journey,"?Tom?Hogan, Perficient President and CEO.
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Perficient is advised by 美国银行 , 富国银行 and Kirkland & Ellis .?EQT is advised by J.P. æ‘©æ ¹ , TD Securities and Simpson Thacher & Bartlett LLP .
KKR , a private equity firm, agreed to acquire Healthium Medtech Limited , an Indian medical devices company, from Apax Funds, a global private equity advisory firm. Financial terms were not disclosed.
“Under the leadership of Anish and his talented management team,?Healthium?has established itself as a leading homegrown producer of medical devices with a strong track record of delivering quality products and a wide distribution network both in India and globally. We look forward to leveraging our global network and healthcare expertise to accelerate?its?growth in this fast-growing sector and further scale its global business through organic and inorganic growth strategies,�Akshay?Tanna, KKR Partner and Head of India Private Equity.
Apax Partners and Healthium?Medtech are advised by Jefferies and Kirkland & Ellis .?KKR is advised by Moelis & Company , Simpson Thacher & Bartlett LLP and AZB & Partners .
Billionaire Kretinsky, OnePoint pitch competing offers for Atos. (FS)
Czech billionaire?Daniel Kretinsky?is facing off against?David Layani's OnePoint in his latest attempt to rescue embattled French tech company æºè®¯ , Bloomberg reported.
Atos?said?on May 6 that it?has?received four proposals, including one it?already?rejected from private equity firm Bain Capital , to restore the group to financial health.?The firm?is seeking?to reach a deal by the end of the month that would inject fresh funds and bring stability after clients began to hold off business. The third rescue offer is from a creditor group.
Shell confirms intention to exit South Africa operations.
壳牌 intends to exit shareholdings in its South African retail, transport and refining operations.?The?energy company?made the decision?after reviewing its downstream and renewables business across all regions and markets, Bloomberg reported.
Shell and bp 's southern African unit jointly own the SAPREF refinery, the nation's?biggest, in Durban on the country's east coast. The 180k barrel-a-day facility halted operations?ahead of?a sale in 2022 and was subsequently damaged by floods. The government published new rules in 2022 that require refiners to meet low-sulfur fuel specifications by 2023, which rendered most of the nation's fleet obsolete.
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