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General Mills explores?sale?of?$2bn-plus yogurt business in North America.
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Aon , a provider of risk and insurance brokerage consulting, completed the acquisition of NFP, an Aon company , an insurance brokerage company, from Madison Dearborn Partners, LLC , an American private equity firm, and HPS Investment Partners, LLC , an investment firm that offers portfolio management and advisory services, for $13bn.
"It is a historic day for our firm as we welcome NFP to Aon and work together to help clients address increasing volatility across risk and people issues.?With?high performing?teams and leading content and capability – further enabled by our Aon Business Services operating platform – we will create more value for our?clients, while?also?enhancing long-term shareholder value creation for investors. This acquisition is another example of how we are going?further,?faster with our 3x3 Plan to accelerate our Aon United strategy and further enhance our relevance to clients," Greg Case, Aon CEO.
NFP was advised by 美国银行 , Barclays , 德意志银行 , Evercore , Jefferies , TD Securities , Ropes & Gray LLP (led by Matthew Richards ) and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Howard Ellin ). Aon was advised by 花旗 , 瑞银集团 , Cravath, Swaine & Moore LLP (led by Jin?Kyu?Baek, Robert I. Townsend and Keith Hallam ) and McDermott Will & Emery (led by Michael Byrne ). Financial advisors were advised by Sullivan & Cromwell LLP (led by Stephen Kotran ). Madison Dearborn was?advised?by Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Adam M. Givertz and Ian Hazlett ).
Thoma Bravo , a private equity firm, agreed to acquire Darktrace , a cybersecurity company, for $5.3bn.
"The proposed offer represents an attractive premium and an opportunity for shareholders to receive the certainty of?a cash?consideration at a fair value for their shares. The proposed acquisition will provide Darktrace access to a strong financial partner in Thoma Bravo, with deep software sector expertise, who can enhance the?Company's?position as a best-in-class cyber AI business headquartered in the UK,"? Gordon Hurst , Darktrace Chairman.
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Darktrace is advised by Jefferies (led by Nandan Shinkre ,?Philip Yates and Dominic Lester ), Qatalyst Partners (led by Jason DiLullo ), Latham & Watkins and Headland (led by Nigel Prideaux ). Thoma Bravo is advised by 高盛 (led by Chris Emmerson and Mark Sorrell ), Kirkland & Ellis and FGS Global (led by Faeth Birch and Sophie Scott ).
T-Mobile , a telecommunication company, and EQT Group , a private equity firm, agreed to form a joint venture to acquire Lumos Networks, a fiber-to-the-home platform, in a $1.9bn deal.
"As the demand for reliable, low-latency connectivity rapidly increases, this deal is a scalable strategy for T-Mobile to take a significant step forward in expanding on our broadband success and continue shaking up competition in this space to bring even more value and choice to consumers. Together with EQT and Lumos, T-Mobile is building on our position as the?fastest growing?broadband provider in the country in a value-accretive way that complements our sustained growth leadership in wireless. Customers – homes and businesses – who get the fast, affordable, and reliable internet they need will be the real winners," Mike Sievert , T-Mobile CEO.
Lumos Networks is advised by Bank Street Group .?EQT is advised by 高盛 , J.P. 摩根 , Kirkland & Ellis (led by John Pitts , Ben Hardison and Jess Lepper ) and Simpson Thacher & Bartlett LLP (led by? Matt Gabbard and David Lieberman ).?T-Mobile is advised by 花旗 and Wachtell, Lipton, Rosen & Katz (led by Adam Emmerich and Mark Stagliano ).?Deutsche Telekom is advised by 摩根士丹利 .?
Apollo Global Management, Inc. , an investment firm, agreed to acquire U.S. Silica Company , a diversified industrial minerals company, for $1.85bn.
"We have tremendous respect for?U.S.?Silica and its talented management team and?employees,?and are thrilled to partner with them to unlock the?company's? next?phase of growth.?U.S.?Silica's industrial minerals?and sand?mining?and?logistics businesses?each?are?proven leaders in their respective markets. We believe there are many opportunities to grow and expand these businesses?and?we?look forward to using our significant industry experience to build on and extend the?company's?legacy of excellence to new frontiers," Gareth Turner , Apollo Partner.
U.S.?Silica is advised by Piper Sandler and Morrison Foerster .?Apollo?is advised by 法国巴黎银行 , Barclays and Wachtell, Lipton, Rosen & Katz .
General Mills explores?sale?of?$2bn-plus yogurt business in North America.
通用磨坊 , the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North?America?yogurt business?including?its?popular?Yoplait brand?in?a deal that could be worth more than $2bn, Reuters reported.
The Minneapolis-based food conglomerate is working with investment bank J.P. 摩根 ?to gauge interest from potential buyers?that could include?rival snack food makers and private equity firms.
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