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ION markets extends $1.8bn loan sale deadline.
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WillScot Mobile Mini , a provider of innovative temporary space solutions, agreed to acquire McGrath RentCorp , a business-to-business rental company, for $3.8bn.
"This combination provides McGrath customers and employees a platform for continued growth and success, while providing McGrath shareholders with immediate cash value as well as participation in the upside potential of the combined company. This transaction validates the strength of our business, the hard work and dedication of our team members and the valuable solutions McGrath provides to our customers. For more than 40 years, we have pursued a relentless customer-centric approach and we look forward to extending our ability to provide the solutions that our customers so highly value," Joseph Hanna, McGrath President and CEO.
McGrath RentCorp is advised by 高盛 and Morrison Foerster . WillScot Mobile Mini is advised by 美国银行 , Rothschild & Co and Allen & Overy . Debt financing is provided by BMO Capital Markets , 美国银行 , 德意志银行 , J.P. 摩根 , MUFG and 富国银行 .
罗氏公司 , a Swiss multinational healthcare company, completed the acquisition of Carmot Therapeutics, Inc. , a therapeutical company specialized in obesity and diabetes, for $3.1bn.
"Obesity is a heterogeneous disease, which contributes to many other diseases that together comprise a significant health burden worldwide. By combining Carmot's portfolio with programs in our Pharmaceuticals pipeline and our Diagnostics expertise and portfolio of products across cardiovascular and metabolic diseases, we are aiming to improve the standard of care and positively impact patients' lives," Thomas Schinecker, Roche Group CEO.
Carmot Therapeutics was advised by Centerview Partners , J.P. 摩根 and Cooley LLP (led by Ben Beerle and Jamie Leigh ).
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亚马逊 , a multinational technology company, terminated the $1.7bn acquisition of iRobot , a consumer robot company.
"iRobot is an innovation pioneer with a clear vision to make consumer robots a reality. The termination of the agreement with Amazon is disappointing, but iRobot now turns toward the future with a focus and commitment to continue building thoughtful robots and intelligent home innovations that make life better, and that our customers around the world love," Colin Angle, iRobot Founder.
诺维信 , a Danish food ingredients and enzymes maker, completed the acquisition of Chr. Hansen , a bioscience company, for $12.3bn.
"We have successfully combined Novozymes and Chr. Hansen and today we come together as one leading global biosolutions partner. Novonesis combines our joint strengths and the wonders of biology, and we are set to lead a new era of biosolutions. We will innovate and develop transformative biosolutions that improve the way we all produce, consume and live. And we have gathered the brightest minds and together with my 10k colleagues, we will unlock the limitless potential of biosolutions," Ester Baiget, Novonesis President and CEO.
Chr. Hansen was advised by 高盛 (led by Andre Kelleners ), 贝克?麦坚时 , Gorrissen Federspiel (led by Anders ?rjan Jensen ) and IMPACT Partners . Goldman Sachs was advised by 富而德律师事务所 (led by Ethan Klingsberg ). Novozymes was advised by Danske Bank , FIH Partners (led by Kasper Kristian Elton Koch ), Gordon Dyal & Co. Advisory Group LP (led by Gordon Dyal), Nordea (led by Kasper B. Dichow ), Oxera Consulting LLP , Davis Polk & Wardwell LLP (led by Will Pearce and Connie Milonakis ), 年利达 (led by Nicole Kar ), Plesner (led by Thomas Holst Laursen ), FGS Global (led by Charles Chichester ) and Point Blank Communications . Financial advisors were advised by Simpson Thacher & Bartlett LLP (led by Jakob Rendtorff and Caroline Gottschalk ).
ION markets extends $1.8bn loan sale deadline.
ION Markets , a unit of Andrea Pignataro’s ION, has extended the deadline for a new $1.82bn leveraged loan sale by three days, giving investors more time to decide whether to participate in the deal,?Bloomberg?reported.
The delay comes at a time when borrowers have generally seen strong demand for new loan sales. It brings the official deadline for investors to submit their orders to Friday.
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