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Rental car firm Hertz plans to raise $750m through notes.?
Care home operator Four Seasons plots ￡300m sale.
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霍尼韦尔 , an American multinational conglomerate company that produces commercial and consumer products, engineering services and aerospace systems, agreed to acquire CAES , a provider of technology that pioneers the future and underpins many of the world’s most critical aerospace and defence missions, from Advent , a private equity firm, for $1.9bn.
"This acquisition further positions Honeywell at the forefront of the defense industry's most dynamic sectors and sets the tempo for continued growth across our aerospace business. With the integration of CAES' solutions and capabilities, we will fortify our existing defense offerings, while also expanding our capabilities in pivotal areas like RF, radar and sensing technologies, to ensure a market-leading position in areas that are critical for global security," Vimal Kapur, Honeywell Chairman and CEO.
Honeywell is advised by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Allison Schneirov and Alexandra McCormack ).
Tate & Lyle , a food and beverage products supplier, agreed to acquire CP Kelco , a nature-based ingredient solutions company, from J.M. Huber Corporation , a provider of diversified, multinational company creates products that are used in a broad range of consumer and industrial applications, for $1.8bn.
“A combination with CP Kelco is the perfect fit with Tate & Lyle’s growth-focused strategy and purpose. It significantly strengthens our Sweetening, Mouthfeel and Fortification platforms, enhances our solutions capabilities across our four core categories, and unlocks new growth opportunities.?Together, we will have a compelling customer proposition.?With our leading portfolio of speciality ingredients and a world-class team of food science experts, we will be uniquely placed to provide our customers with the solutions they need to meet growing consumer demand for healthier, tastier and more sustainable food and drink," Nick Hampton, Tate & Lyle Chief Executive.
Tate & Lyle is advised by FTI Consulting (led by Nick Hasell ), 花旗 (led by Andrew Seaton , Robert Way, and Christopher Wren), 高盛 (led by Anthony Gutman ), Greenhill & Co. (led by Seamus Moorhead), and 年利达 (led by Namrata Shah , Simon Branigan, and Lisa Chang ). Debt financing is provided by Citigroup.?J.M. Huber is advised by 美国银行 , Kirkland & Ellis , White & Case LLP .?
bp , a British multinational oil and gas company, agreed to acquire a 50% stake in BP Bunge Bioenergia , a biofuels-producing company, from Bunge , an agribusiness and food company, for $1.4bn.
"In parallel to this acquisition, bp is scaling back plans for development of new SAF and renewable diesel biofuels projects at its existing sites, pausing planning for two potential projects while continuing to assess three for progression. This is aligned with bp’s drive to simplify its portfolio, focusing on value and returns," bp.
Rental car firm Hertz plans to raise $750m through notes.
Hertz said it intends to raise $750m through secured notes offerings as it looks to shore up its balance sheet after a failed bet on electric vehicles, Reuters reported.
In early June, Hertz named Spirit Airlines CFO Scott Haralson as its new finance chief, after the declining demand for the EVs in its stock pushed the company into further losses.
Care home operator Four Seasons plots ￡300m sale.
A care home operator, which once ranked among the largest in Britain, is being put up for sale in a move expected to fetch about ￡300m ($382m). Once owned by the financier Guy Hands, Four Seasons Health Care has hired the property agent 世邦魏理仕 to handle an auction of its 46 remaining freehold sites, Sky News reported.?
The process will be launched after a protracted period in which Four Seasons was reshaped and slimmed down through a string of asset sales. The business is expected to draw interest from a range of financial and industry bidders.
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