MergerLinks Daily Review
MergerLinks
Join a community of 250,000+ M&A professionals. Expand your network and discover new business opportunities.
Welcome to MergerLinks Daily Review. Sign up here to get the full round up of your daily dose of blue-chip M&A news directly to your inbox.
Castlelake?is exploring a sale. (FS)
South African plan paves way for $80bn on energy transition.
You can access today’s complete newsletter here.
Scroll down for more…
Adobe ’s proposed $20bn merger with Figma would harm competition in product design software by uniting two of the main companies in the sector, said UK’s antitrust regulator. The acquisition in its current form would also threaten competition in image editing and illustration.
"The digital design sector is worth nearly ￡60bn to the UK - representing 2.7% of the national economy - and employs over 850k people in highly skilled work. The software this sector uses is pivotal to its success, so the CMA has from the outset been very focused on ensuring this merger doesn't adversely affect such an important part of the UK economy," Margot Daly, chair of the independent group conducting the investigation.
Figma is advised by Qatalyst Partners (led by George Boutros and Jeff Chang ), Cleary Gottlieb Steen & Hamilton LLP , and Fenwick & West (led by Ran Ben-Tzur , Kris Withrow , Michael Esquivel , Jennifer Hitchcock and Steve Fisher ). Adobe is advised by Allen & Company LLC. , Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Steve Sunshine ), Wachtell, Lipton, Rosen & Katz (led by Jacob Kling and Edward Herlihy) and FGS Global (led by John Gray). Allen & Company is advised by White & Case LLP (led by Robert Nakhyun Chung and Denisse C. ).
亚马逊 ’s $1.4bn deal for Roomba maker iRobot risks being derailed unless the firms fix a list of competition concerns highlighted by the European Union’s antitrust arm, Bloomberg reported.?
The European Commission in Brussels issued a so-called statement of objections on?Monday, warning how Amazon’s proposed deal could hurt the robot vacuum cleaner market and let the e-commerce giant strengthen its position in online marketplaces and in other data-related services.
iRobot is advised by Qatalyst Partners (led by George Boutros ), Cooley LLP (led by Ben Beerle ), Goodwin (led by Stuart Cable , Joshua Zachariah , and Mark Bettencourt ), and FGS Global (led by George Manolis ). Amazon is advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Kyle Seifried and Krishna Veeraraghavan ) and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Ingrid Vandenborre ).??
Fajr Capital , a private equity investor, agreed to acquire a 65% stake in Gulf business from Aster DM Healthcare , a healthcare company, for $1bn.
“The Moopen family has built a world-class company, with a rich legacy of delivering high quality healthcare to millions of patients. Large family-led platform businesses is an area where we have deep experience and we believe that Aster has significant potential to meet the growing demand for integrated healthcare services across the Gulf region. We are grateful to the Moopen family for their trust and look forward to working with them, our consortium partners and the management team to accelerate Aster’s ambitions through continued investment, innovation and expansion," Iqbal Khan , Fajr Capital CEO.
Fajr Capital is advised by 汇丰 , 普华永道 and Allen & Overy . Aster DM is advised by 瑞信 , 安永 , ICICI Bank , Moelis & Company , 普华永道 , AZB & Partners , 贝克?麦坚时 and Cyril Amarchand Mangaldas .
Castlelake?is exploring a sale. (FS)
Castlelake , which has about $22bn in assets under management, is exploring options including a sale, Bloomberg reported.
The firm, founded in 2005 by co-Chief Executive Officers Rory O’Neill and Evan Carruthers, is mulling selling a controlling stake in itself.?Castlelake has been among the private-credit lenders that have taken advantage of the regional-bank pullback, buying up bundles of consumer loans from financial technology firms such as Upstart and Oportun Financial.
South African plan paves way for $80bn on energy transition.
An $80bn South African investment plan to begin transitioning the economy away from fossil fuels over five years sets out how bns of dollars in climate finance will be tracked and details potential investments, Bloomberg reported.?
They include ArcelorMittal's plan to make steel on the country’s west coast using green hydrogen produced by Mainstream Renewable Power in a project worth as much as $3.7bn, and Hive Energy’s ammonia facility at the southern port of Coega.
Interested to find more? Sign up here to get full round up of your daily dose of blue-chip M&A news directly to your inbox. You can access today’s complete newsletter here.