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.
Saudi Arabia moves $164bn Aramco stake to wealth fund. (FS)?
Embattled lender NYCB secures $1bn investment from cohort including Mnuchin's firm. (FS)
You can access today’s complete newsletter?here.?
Scroll down for more…
Nationwide , a British mutual financial institution, agreed to acquire Virgin Money , a financial service firm, for ￡2.9bn ($3.7bn).
"The Board of Virgin Money is pleased that Nationwide recognises the considerable strengths and opportunities that exist across our business, with the potential acquisition delivering attractive value for our shareholders. We are confident that a combination would support an exciting new chapter for Virgin Money to benefit from Nationwide's scale and ambition," David Bennett, Virgin Money Chairman.
Virgin Money is advised by Clifford Chance (led by David Pudge ?and Katherine Moir ), 高盛 (led by Anthony Gutman ), J.P. 摩根 (led by Dwayne Lysaght and Claire Brooksby ), and Teneo (led by Doug Campbell ). Nationwide is advised by Slaughter and May (led by David Watkins ), 瑞银集团 (led by Sam Small ), and FGS Global (led by James Murgatroyd and Charles Chichester ).
强生公司 , a pharmaceutical company, completed the acquisition of Ambrx , a clinical-stage biopharmaceutical company, for $1.9bn.?
“We’re pleased to welcome Ambrx’s talented scientific team and proprietary ADC platform to Johnson & Johnson. We look forward to continuing the development of ARX517, which represents a potential first- and best-in-class PSMA-targeting ADC for the treatment of metastatic castration-resistant prostate cancer. This significant opportunity sets the stage for advancing next generation ADCs with the aim of delivering differentiated solid tumor therapies that improve patients’ lives,” Yusri Elsayed, Johnson & Johnson Innovative Medicine Global Therapeutic Area Head, Oncology.
领英推荐
Ambrx was advised by Centerview Partners , LifeSci Capital LLC (led by Mike Moyer ), Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Ray Bogenrief ), and Collected Strategies (led by Dan Moore and Nick Lamplough ). Financial advisors were advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP . Johnson & Johnson was advised by Cravath, Swaine & Moore LLP (led by Jin?Kyu Baek, Robert I. Townsend, and Ting Chen ).
A group of investors, including LGT Private Banking , GIC , Ahren Innovation Capital , Carbon Equity , Lightrock , Planet First Partners , Carbon Direct Capital , the 亚马逊 Climate Pledge Fund, and Blue Earth Capital AG , led a €215m ($233m) Series E round in Sunfire , a German electrolyzer manufacturer.
“This substantial financing round is good news for Europe’s leading role in hydrogen production and for the European clean-tech industry. I am delighted to welcome additional investors backing our vision, product offering, and capabilities to deliver industrial electrolyzers at pace and scale. With this new capital, we are uniquely positioned to further accelerate our company’s growth and industrialization plans to meet the fast-growing demand for electrolysis technologies,” Nils Aldag, Sunfire CEO.
Sunfire was advised by J.P. 摩根 .
Saudi Arabia moves $164bn Aramco stake to wealth fund. (FS)
Saudi Arabia's government transferred a further $164bn stake in aramco to the Public Investment Fund (PIF) , a move aimed at bolstering cashflow at the state-backed investor that's ramping up spending on huge local projects, Bloomberg reported.
The 8% stake transfer will cut the government's direct ownership in the world's largest oil company to 82%. The move will have no impact on Aramco's dividend, which the oil giant kept at $29bn for the third quarter despite a drop in production and weaker oil prices.
Embattled lender NYCB secures $1bn investment from cohort including Mnuchin's firm. (FS)
New York Community Bank (NYCB) said on March 6 that it had raised $1bn from investors, including former US Treasury Secretary Steven Mnuchin's Liberty Strategic Capital , and named a former Comptroller of the Currency its new CEO, Reuters reported.
Investment firms Hudson Bay Capital Partners , Reverence Capital Partners , Citadel Global Equities , other institutional investors and certain members of the bank's management also participated in the equity investment, according to NYCB. The bank's stock had a rollercoaster session, falling 45% prior to the announcement, bouncing 30% higher after finally closed 7.4% higher.
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.?