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T-Mobile can appeal to block consumer lawsuit over $26bn Sprint deal.
Blackstone plans to add $25bn in India private equity assets over five years. (FS)
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家得宝 , a home improvement retailer, agreed to acquire SRS Distribution Inc. , a residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor, from Leonard Green & Partners (LGP) and Berkshire Partners , two private equity investors, for $18.25bn.
"SRS is an industry leader with a proven track record of profitable growth across verticals. SRS's ability to build leadership positions in each of its trade verticals while generating significant revenue growth is a testament to its strong vision, leadership, culture and execution. SRS has built a robust and successful platform that will accelerate our growth with the residential professional customer while presenting future opportunities with the specialty trade pro," Ted Decker, The Home Depot Chair, President, and CEO.
Home Depot is advised by J.P. 摩根 and Weil, Gotshal & Manges LLP .?SRS Distribution is advised by Jefferies and 高盛 .?
Koch -backed MITER Brands , a residential window and door manufacturer, completed the acquisition of PGT Innovations , a wholesale building materials, for $3.1bn.
“MITER and PGTI are fully aligned in providing world-class service and the finest products with a culture where people, performance, and customer experiences come first. Our product mix and geographic presence are highly complementary, and we look forward to delivering enhanced value to our team members, customers, suppliers and local communities. The combined company will continue its long-held commitment to innovation, service, and high-quality window and door products as we accelerate our growth trajectory. We are excited to welcome the PGTI team into our owner-operated business with family-first values,” Matt DeSoto, MITER Brands President and CEO.?
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PGT Innovations was advised by Evercore , FGS Global , and Davis Polk & Wardwell LLP (led by John Amorosi ?and Evan Rosen ). Financial advisors were advised by Cravath, Swaine & Moore LLP (led by Mark Greene and Andrew Wark ). Koch Industries was advised by Rothschild & Co and 众达律师事务所 (led by Daniel Michaels ). MITER Brands was advised by Stinson LLP , RBC Capital Markets , KeyBanc Capital Markets , and 爱德曼 (led by Ira Gorsky ). Debt financing was provided by RBC Capital Markets and KeyBanc Capital Markets .
Logistic Properties of the Americas , a developer, owner, and manager of institutional quality, class A industrial and logistics real estate in Central and South America, went public via a merger with TWO, a special purpose acquisition company, in a $578m deal.
“Today marks an important milestone for our company as we advance our vision to replicate and expand LPA’s uniquely differentiated franchise as a developer, owner and manager of institutional quality, Class A industrial and logistics real estate in Central and South America. Our mission is to continue building out our robust platform across both existing and new adjacent geographies with US dollar-denominated markets. We aim to capitalize on today’s significant nearshoring tailwinds and meet the demand from top-tier companies for premium real estate properties. At LPA, we have built our foundation on delivering quality that exceeds our customers' expectations. This principle will continue to guide the disciplined approach that has defined our success,” Esteban Saldarriaga, LatAm Logistic Properties CEO.
LatAm Logistic Properties was advised by BTG Pactual , 贝克?麦坚时 (led by Michael Fitzgerald, Steven Canner , Joy Gallup , and Michelle Heisner ), Dukas Linden Public Relations (led by Zach Kouwe ), Gateway Investor Relations (led by Cody Slach ), and InspIR Group - Investor Relations (led by Barbara Cano ). TWO was advised by Cohen & Company Capital Markets , Ellenoff Grossman & Schole LLP , and Cuatrecasas (led by Felipe Mari?o and Oscar Trelles ).?
T-Mobile can appeal to block consumer lawsuit over $26bn Sprint deal.
T-Mobile has won its bid to appeal a judge's ruling that allowed a potential class of millions of Verizon and AT&T subscribers to move ahead with a lawsuit challenging the company's $26bn purchase of rival Sprint in 2020,?Reuters reported.
Illinois US District Judge Thomas Durkin ruled on March 27 that T-Mobile can appeal his order to the Chicago-based 7th US Circuit Court of Appeals now rather than at a later stage in the case.
Blackstone plans to add $25bn in India private equity assets over five years. (FS)
Blackstone aims to add an additional $25bn of Indian private equity assets over the next five years, reflecting the South Asian country’s increasing allure to global investors, Bloomberg reported.
The New York-based firm also intends to bring on 20 more investment professionals to its asset management business in India and double its office space in Nariman Point in downtown Mumbai.
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