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Boeing hones $15bn financing plan to weather crises.
?Uber explored takeover bid for Expedia.
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Silver Lake , a private equity firm, and GIC , a sovereign wealth fund, agreed to acquire Zuora , a monetization suite for modern business, for $1.7bn.
“Since our founding, Zuora has evangelized the shift to the Subscription Economy and evolution to complex revenue models, providing technology necessary to monetize products and services. As a private company, with the support and expertise of Silver Lake and GIC, our monetization suite will continue to lead in the marketplace. We look forward to entering this next phase of growth alongside Silver Lake, GIC and our team of ZEOs,” Tien Tzuo, Zuora Founder, CEO and Chairman of the Board.
Zuora is advised by Foros Group , Qatalyst Partners , Goodwin Proctor , Sullivan & Cromwell LLP (led by Melissa Sawyer and Peter Jones) and Joele Frank (led by Eric Brielmann and Sharon Stern). GIC is advised by Dechert LLP .?Silver Lake is advised by? Simpson Thacher & Bartlett LLP .?
Aperam , a stainless, a specialty steel solutions and recycling, agreed to acquire Universal Stainless & Alloy Products Inc , a manufacturer of specialty steel product, for $539m.
“Our combined expertise and resources will allow us to deliver superior solutions that meet the growing demand for high-quality, sustainable solutions. This acquisition not only aligns with our long-term strategy but also strengthens our commitment to diversify into specialties in stainless steel and alloys and increasing exposure to more stable, high-margin industries," Timoteo Di Maulo, Aperam CEO.
Aperam is avised by Jefferies and 年利达 (led by George Casey, Pierre-Emmanuel Perais and Arnaud Coibion).
Global Infrastructure Partners (GIP) , an infrastructure investment fund, completed the investment in Lanes Group , a provider of water and wastewater services. Financial terms were not disclosed.
“We are incredibly excited to welcome BlackRock as our new investment partner. This marks a pivotal moment for Lanes Group as we continue our journey of growth and innovation. While this investment will unlock new opportunities for us to expand and enhance our activities, I want to reassure our clients and partners that it’s very much business as usual. Our focus remains firmly on delivering the same high standards of service and expertise that we are known for, while also driving forward our long-term vision for the future," Wayne Earnshaw, Lanes Group CEO.
Lanes Group was advised by 汇丰 and White & Case LLP . GIP was advised by 摩根士丹利 and 年利达 .
Boeing hones $15bn financing plan to weather crises.
Boeing is closing in on a plan to raise around $15bn with common shares and a mandatory convertible bond as the jetmaker bolsters finances worsened by a crippling strike, but the timing remains unclear, Reuters reported.
The company said on October 15 in regulatory filings that it could raise as much as $25n in stock and debt with its investment-grade credit rating at risk. One of the sources cautioned that a $15bn sale may not be enough for Boeing to address its ongoing crises.
Uber explored takeover bid for Expedia.
Uber has explored a possible bid for Expedia Group , the nearly $20bn US travel booking website, in what would be by far the ride-hailing company’s largest acquisition as it looks to diversify further and find new avenues for growth, FT reported.
Uber approached advisers in recent months after the idea of an Expedia acquisition was broached by a third party to examine whether such a deal would be possible and how it could be structured. A focus of Uber’s discussions was the role of Uber chief executive Dara Khosrowshahi , who served as Expedia’s CEO from 2005 to 2017 and remains a non-executive director on its board.
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