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Motors lines up deal to buy stricken car marketplace Cazoo.
Body Shop administrators in race to wrap up sale.
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Noble Corporation , an offshore drilling contractor organized in London, agreed to acquire Diamond Offshore , an offshore drilling contractor, for $1.6bn.
"This acquisition enables Noble to continue our journey of delivering superior innovation and value to a broad range of the leading offshore operators across the world. Our position will be strengthened with the addition of four 7th-generation drillships and one of the most high-spec harsh environment semisubmersible rigs in the world. Additionally, Diamond's five conventional deepwater and midwater rigs have averaged above 85% utilization over the last three years and currently have strong forward contract coverage. Supported by Diamond's $2.1bn of backlog and $100m of anticipated cost synergies, we expect the transaction to be immediately accretive to our free cash flow per share and contribute to accelerated growth in our return of capital to shareholders," Robert Eifler , Noble President and CEO.
Diamond Offshore is advised by Guggenheim Partners , Tudor, Pickering, Holt & Co. Securities, Inc. and Kirkland & Ellis . Noble is advised by 摩根士丹利 , SpareBank 1 Markets AS , 富国银行 and Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Kyle Seifried and Scott Barshay). Debt financing is provided by 摩根士丹利 .
高知特 Cognizant , an information technology services and consulting company, agreed to acquire Belcan , a global supplier of engineering, supply chain, technical recruiting, and information technology services, from AE Industrial Partners, LP , a private equity firm, for $1.3bn.
"We believe that acquiring Belcan will strengthen Cognizant's position in the sizable and fast-growing ER&D services market. Belcan's deep engineering capabilities and domain expertise across the aerospace & defense market will be complemented by Cognizant's scale and own multi-decade digital engineering expertise, providing Belcan's blue-chip client roster access to our advanced AI, Cloud and Data technologies," Ravi Kumar S., Cognizant CEO.
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Cognizant is advised by Perella Weinberg and Arnold & Porter Kaye Scholer LLP . Belcan is advised by Jefferies , Solomon Partners , and Kirkland & Ellis .
Slate Asset Management to acquire the World Seafood Center from Oslo Airport City for NOK1.3bn. (FS)
Slate Asset Management , a global alternative investment platform targeting real assets, agreed to acquire the World Seafood Center, a state-of-the-art, newly built seafood refrigeration and distribution facility, from Oslo Airport City , an urban property developer, for NOK1.3bn ($121m).
"We are pleased to be increasing our exposure to European essential real estate with the acquisition of this premier cold storage and distribution facility. The World Seafood Center has established itself as a critical part of the food supply chain globally, providing consumers across Europe, America, and Asia with access to high-quality Norwegian seafood. As global demand for sustainable seafood continues to grow, we look forward to working together with the leading tenants at the World Seafood Center to further enhance the quality, efficiency, and resiliency of this facility, ensuring it remains a major seafood export hub for years to come," Sven Vollenbruch , Slate Managing Director.
Slate is advised by KPMG , 世邦魏理仕 , agradblue° | part of Westbridge , Pareto Securities and Schj?dt . Oslo Airport City is advised by Vedal , Colliers and Thommessen .
Motors lines up deal to buy stricken car marketplace Cazoo.
Administrators to Cazoo , the British online car retailer once valued at well over ￡5bn ($6bn), are closing in on a deal to offload its marketplace division.
Motors, a privately owned used-car platform, is now the frontrunner to buy Cazoo's brand and marketplace business, Sky News reported.
Body Shop administrators in race to wrap up sale.
Administrators to The Body Shop are aiming to clinch a sale of the stricken cosmetics retailer by the end of the month, even as its former owner veers away from making an offer for it, Sky News reported.?
FRP Advisory , which was appointed to handle the chain's insolvency in January, has asked for indicative bids by June 18.
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