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Goldman Sachs strikes $1bn private credit deal with Mubadala. (FS)
Disney and Reliance said to ink a binding India media merger pact.
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KKR , a global investment firm, agreed to acquire the end-user computing division of 博通 , an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products, for $4bn.
"Workspace ONE and Horizon are best-in-class platforms chosen by many of the world's leading enterprises to create seamless and secure digital workspaces with interoperability across increasingly complicated technology stacks. We see great potential to grow the EUC Division by empowering this talented team and investing in product innovation, delivering excellence for customers and building strategic partnerships," Bradley Brown, KKR Managing Director.
KKR is advised by 德意志银行 , Evercore , Jefferies and Simpson Thacher & Bartlett LLP . Broadcom is advised by 花旗 and Wachtell, Lipton, Rosen & Katz (led by David Karp , Ron Chen and Viktor Sapezhnikov ).
百时美施贵宝 , a global biopharmaceutical company, completed the acquisition of RayzeBio , a clinical-stage radiopharmaceutical therapeutics company, for $4.1bn.
“This transaction enhances our increasingly diversified oncology portfolio by bringing a differentiated platform and pipeline, and further strengthens our growth opportunities in the back half of the decade and beyond. Radiopharmaceutical therapeutics are already transforming cancer care, and RayzeBio is at the forefront of pioneering the application of this novel modality. We look forward to supporting and accelerating RayzeBio’s preclinical and clinical programs and advancing its highly innovative radiopharmaceutical platform,” Christopher Boerner, Bristol Myers Squibb CEO.
RayzeBio was advised by Centerview Partners (led by E. Eric Tokat ), Cooley LLP (led by Jamie Leigh ) and Wilson Sonsini Goodrich & Rosati (led by Michael Hostetler ). Centerview Partners was advised by Goodwin (led by James Ding , Stuart Cable and Blake Liggio ). Bristol Myers Squibb was advised by 美国银行 (led by Ivan Farman), Covington & Burling LLP (led by Catherine Dargan ) and Joele Frank (led by Daniel Katcher ).
美铝 , a global company specializing in bauxite, alumina and aluminum products, agreed to acquire Alumina Limited , a company that invests in bauxite mining, alumina refining and aluminium smelting, for $2.2bn.
“We are pleased to have entered into the transaction process and exclusivity deed to finalize the terms of the transaction, which will provide significant and long-term benefits to both Alcoa and Alumina Limited shareholders. Alcoa has been a proven operator of AWAC, and we recognize the value creation opportunities possible under a simplified ownership structure, including the ability to implement AWAC’s operational and strategic decisions on an accelerated basis. We believe now is the right time to consolidate ownership in AWAC and look forward to working closely with the Alumina Limited team to consummate a transaction that will better position Alcoa to execute on our long-term growth strategy,” William F. Oplinger, Alcoa President and CEO.
Alcoa is advised by JP Morgan, UBS, Ashurst, Davis Polk & Wardwell (led by James Dougherty and Cheryl Chan ), Citadel-MAGNUS (led by Paul Ryan ) and Joele Frank (led by Sharon Stern ).
Goldman Sachs strikes $1bn private credit deal with Mubadala. (FS)
高盛 clinched $1bn from Emirati state-owned holding company Mubadala to scour for more private credit deals in Asia, Bloomberg reported.
The Abu Dhabi sovereign wealth fund and Goldman's asset-management arm struck a partnership to invest alongside each other in the Asia-Pacific region, with a particular focus on India. The pact follows a similar mandate the New York-based firm received from the Ontario Municipal Employees Retirement System in September.
Disney and Reliance said to ink a binding India media merger pact.
华特迪士尼公司 and Reliance Industries Limited signed a binding pact to merge their media operations in India, Bloomberg reported, as the US entertainment giant recasts its strategy amid intense competition in the world's most-populous country.
The media unit of Reliance and its affiliates are set to possess a significant 61% stake in the merged entity, while Disney will retain the remaining share.
Lawyers mentioned: David Karp , Ron Chen , Viktor Sapezhnikov , Jamie Leigh , Michael Hostetler , James Ding , Stuart Cable, Blake Liggio , Catherine Dargan , James Dougherty and Cheryl Chan .
Bankers mentioned: E. Eric Tokat , Ivan Farman.
PR mentioned: Paul Ryan , Sharon Stern , Daniel Katcher .
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