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Hg said to mull stake sale in €4bn French tech firm Septeo.
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Blackstone , an American alternative investment management company, completed the acquisition of AIR Communities Apartment Income REIT, a publicly traded, self-administered real estate investment trust, for $10bn.
"I am proud of the AIR team and its remarkable culture. The transaction will strengthen the AIR mission to provide homes for others, be a great place to work, act as responsible stewards of AIR communities, and be a trusted partner to AIR investors. The business the AIR team has built will be improved and expanded by collaboration with Blackstone and a shared focus on serving residents and investing wisely. The AIR team is grateful to Blackstone for the opportunity and for its faith in what can be accomplished working together," Terry Considine, AIR Communities President & CEO.
AIR Communities was advised by 花旗 and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by @Joseph Coco and Kyle Hatton ). Blackstone was advised by BMO Capital Markets , 美国银行 , Barclays , 德意志银行 , 高盛 , J.P. 摩根 , 摩根士丹利 , 法国兴业银行 , 富国银行 and Simpson Thacher & Bartlett LLP (led by @Brian Stadler and Matt Rogers ).
诺基亚 , a telecommunications, information technology, and consumer electronics corporation, agreed to acquire Infinera , a supplier of innovative open optical networking solutions and advanced optical semiconductors, for $2.3bn.
"In 2021 we increased our organic investment in Optical Networks with a view to improving our competitiveness. That decision has paid off and has delivered improved customer recognition, strong sales growth and increased profitability. We believe now is the right time to take a compelling inorganic step to further expand Nokia's scale in optical networks. The combined businesses have a strong strategic fit given their highly complementary customer, geographic and technology profiles. With the opportunity to deliver over 10% comparable EPS accretion, we believe this will create significant value for shareholders," Pekka Lundmark , Nokia President and CEO.
Infinera is advised by Centerview Partners and Wilson Sonsini Goodrich & Rosati (led by Douglas Schnell , Remi Korenblit , Ross Tanaka ?and Amanda Urquiza ). Nokia is advised by PJT Partners and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Denis Klimentchenko and Lorenzo Corte ). PJT Partners is advised by Sullivan & Cromwell LLP (led by Stephen Kotran ).
Cinven , a private equity firm, agreed to acquire a 70% stake in idealista , an online real estate classifieds platform, from Oakley Capital , a pan-European private equity investor, EQT Group , a private equity company, and Apax , an investment firm, for €2bn ($2.17bn).
"Oakley's successful partnership with idealista continues our strong track record of investing behind exceptional founders. We have enjoyed working with Jesús as he has built one of Spain's most successful digital businesses. Iberia boasts an increasingly attractive ecosystem of promising tech businesses and remains an important investment destination for Oakley," Peter Dubens , Oakley Capital Co-Founder and Managing Partner.
Oakley Capital is advised by Deutsche Numis (led by Nathan Brown ) and Greenbrook (led by Rob White ). Cinven is advised by J.P. 摩根 . idealista is advised by 摩根士丹利 . Apax is advised by Simpson Thacher & Bartlett LLP (led by James R. Howe ).
General Atlantic , an American growth equity firm, and Stone Point Capital , an investment firm, completed the acquisition of HireRight , a global background screening services and workforce solutions provider, for $1.65bn.
"We are pleased to have reached this agreement with General Atlantic and Stone Point, which delivers a significant and immediate cash premium to HireRight's unaffiliated stockholders," Guy Abramo , HireRight President and CEO.
HireRight was advised by Centerview Partners , Davis Polk & Wardwell LLP (led by John Amorosi and Oliver Smith ) and Collected Strategies (led by Jim Golden ). General Atlantic was advised by 高盛 , RBC Capital Markets and Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Cullen Sinclair and Matthew Abbott). Stone Point was advised by Simpson Thacher & Bartlett LLP (led by Elizabeth Cooper ).
Hg said to mull stake sale in €4bn French tech firm Septeo.
Private equity firm Hg is considering options for French software company SEPTEO including a minority stake sale that may value the business at as much as €4bn ($4.3bn), 彭博资讯 reported.
Hg has been speaking to potential advisers as it prepares to gauge interest from potential investors. Septeo may attract bids from other private equity funds and a formal process may start later this year.
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