MergerLinks Daily Review

Welcome to MergerLinks Daily Review.?Sign up here?to get the full round up of your daily dose of blue-chip M&A news directly to your inbox.

Carlyle to acquire Worldpac from Advance Auto Parts for $1.5bn. (Financial Sponsors)

Nippon Steel and JFE Steel to acquire a 30% stake in Blackwater coal mine from Whitehaven Coal for $1.08bn.

Bridgepoint completed the acquisition of Energy Capital Partners for $1bn. (FS)?

Media veteran Bronfman raises bid for Paramount takeover to $6bn.?

SoftBank in talks to invest in Sharp but feasibility unclear.

You can access today’s complete newsletter?here.

Scroll down for more…

Carlyle to acquire Worldpac from Advance Auto Parts for $1.5bn. (FS)

凯雷投资集团 , a private equity firm, agreed to acquire WORLDPAC , an automotive parts wholesale distribution business, from Advance Auto Parts , an automotive aftermarket parts provider, for $1.5bn.?

“We are pleased to announce the sale of the Worldpac business. The sale enables our team to sharpen their focus on decisive actions to turn around the Advance blended box business. Proceeds from the transaction will provide greater financial flexibility as we continue our strategic and operational review to improve the productivity of the company’s remaining assets and better position the company for future growth and value creation. On behalf of everyone at Advance, I would like to thank the more than 5k?Worldpac team members for their dedication over the last ten years,” Shane O’Kelly, Advance Auto Parts President and CEO.

Carlyle is advised by BMO Capital Markets , 美国银行 and Latham & Watkins . Advance Auto Parts is advised by Centerview Partners and 霍金路伟 .

Nippon Steel and JFE Steel to acquire a 30% stake in Blackwater coal mine from Whitehaven Coal for $1.08bn.

Nippon Steel Corporation , a steelmaking company, and JFE Steel Corporation , a Japanese steel manufacturer, agreed to acquire a 30% stake in Blackwater coal mine from Whitehaven Coal , an Australian coal mining company, for $1.08bn.

“We are delighted to welcome Nippon Steel and JFE Steel as joint venture partners at Blackwater. Both companies have a long and proud tradition of excellence in steel production and have contributed to the economic advancement of Japan and the region more broadly," Paul Flynn, Whitehaven CEO and Managing Director.

Whitehaven is advised by 瑞银集团 .

Bridgepoint completed the acquisition of Energy Capital Partners for $1bn. (FS)

Bridgepoint Group , a private equity firm, completed the acquisition of ECP (Energy Capital Partners) , an energy transition investor, for $1bn.

“The addition of ECP is a transformational step for Bridgepoint and ECP, combining two complementary businesses to form a more global, better diversified middle-market private assets investment platform. This partnership strengthens our scale, strategic development and earnings quality, while broadening our growth potential. Bridgepoint is committed to delivering the benefits of the transaction by enhancing growth opportunities and offering a broader product mix to our combined investors. ECP has an exceptional leadership team and together with our new colleagues, we look forward to the exciting opportunities ahead,” Raoul Hughes, Bridgepoint CEO.

Bridgepoint was advised by 法国巴黎银行 , Campbell Lutyens , J.P. 摩根 (led by?Edward Squire), 摩根士丹利 (led by?Ben Grindley,?Simon Parry-Wingfield?and?Alex Smart), Simpson Thacher & Bartlett LLP (led by?Lucy Gillett?and?Adam Signy) and FGS Global (led by?James Murgatroyd). Energy Capital Partners was advised by 美国银行 (led by?Janis Vitols), Kirkland & Ellis (led by?Cyril V. Jones,?Michael Reeves?and?Rami Totari) and FGS Global (led by?Kerry Golds).

Media veteran Bronfman raises bid for Paramount takeover to $6bn.

Veteran media executive Edgar Bronfman sweetened his bid to take over Paramount , offering $6bn for its controlling shareholder National Amusements and a minority stake in Paramount,?Reuters?reported.

He had previously offered $4.3bn. Shares of Paramount rose more than 2.4% after the market closed. Paramount said on August 21 it had received an acquisition proposal from Bronfman on behalf of a consortium of investors, but it did not disclose the terms.

SoftBank in talks to invest in Sharp but feasibility unclear.

Japanese telecom company SoftBank Group Corp. is in talks to invest about JPY100bn ($684m) in electronics maker Sharp , but the deal's feasibility remains unclear,?Reuters?reported.

SoftBank's investment plan emerged amid its negotiations to acquire part of Sharp's Sakai plant to build an AI data centre, but the two companies are seen disagreeing over the terms.

Interested to find more??Sign up here?to get full round up of your daily dose of blue-chip M&A news directly to your inbox.

You can access today’s complete newsletter here.