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Eni sells new Plenitude stake to EIP as CEO pushes disposals. (FS)?
Acumen targets agritech startups with $1.5bn. (FS)
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SIX , operator of a fully integrated exchange value chain, agreed to acquire Aquis Stock Exchange , a UK-based stock market providing primary and secondary markets for equity and debt products, for ï¿¡194m ($250m).
SIX considers an acquisition of Aquis to be a compelling strategic opportunity which will complement its established growth strategy and is aligned with its approach to capital allocation. SIX expects the acquisition of Aquis to strengthen its ability to serve customers in Switzerland, Spain and internationally with its reliable infrastructure services and seamless access to capital markets. It would also bring together the resources and capabilities of both businesses, and SIX expects both businesses to benefit from greater pan-European scale, driving growth opportunities beyond their respective home markets to the benefit of customers and market participants.
Aquis Stock Exchange is advised by Canaccord Genuity Group Inc. (led by Emma Gabriel), Evercore (led by Ollie Clayton and Edward Banks), Investec (led by David Anderson), VSA Capital (led by Andrew Raca), Slaughter and May and MHP Group (led by Eleni Menikou). SIX is advised by 瑞银集团 (led by Sam Small), Clifford Chance and åšç„¶æ€ç»´é›†å›¢ (led by Max McGahan and Simone Selzer).
Private equity firm Genesis Capital LLC has sweetened its bid for Pacific Smiles Group , valuing the Australian dental chain at AUD316m ($208m) in what it called its "best and final" offer, Reuters reported.
Pacific Smiles is an Australian branded dental group, currently operating over 120 dental centres.?Pacific Smiles owns and operates the Pacific Smiles Dental and nib Dental Care centres across the East Coast of Australia with over 800 dentists, assisted by more than 1.6k support staff, attend over 1m patient appointments at Pacific Smiles centres each year.
Pacific Smiles is advised by Greenhill & Co. , Corrs Chambers Westgarth , Gilbert + Tobin , Citadel-MAGNUS (led by Peter Brookes) and MorrisBrown Communications Pty Ltd (led by Olivia Brown). Genesis Capital is advised by Jarden and Clifford Chance (led by David Clee). Crescent Capital Partners is advised by A&O Shearman (led by Goran Galic).
Golden Gate Capital , a San Francisco-based private equity firm, completed the investment in Brava Roof Tile , an independent provider of composite roofing materials. Financial terms were not disclosed.
"Brava is a true industry disruptor and the clear supplier of choice for premium composite roofing products. The Company’s impressive momentum reflects the superior quality of its products and strength of its brand. We have deep admiration for Adam, Andrew and the entire Brava team, and we are fully aligned with their strategy and vision. Brava is exceptionally well-positioned to capitalize on industry tailwinds, and we look forward to supporting the Company in its next chapter," Javier Puig, Golden Gate Capital Managing Director.
Brava was advised by Raymond James and Holland & Knight LLP . Golden Gate was advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP , Ropes & Gray LLP and FGS Global .
Eni sells new Plenitude stake to EIP as CEO pushes disposals. (FS)
エニ , an Italian multinational energy company, agreed to sell an additional stake in renewables unit Plenitude to Energy Infrastructure Partners , boosting the Swiss infrastructure group’s holding to 10%, Bloomberg reported.
The stake increase will take place through a capital hike of about €209m ($224m), bringing the value of EIP’s investment in Plenitude to around €800m ($857m), the Italian oil major said Monday. That includes €588m ($630m) it paid for a previous holding in March.
EIG was advised by Rothschild & Co .
Acumen targets agritech startups with $1.5bn. (FS)
A US nonprofit is aiming to mobilize $1.5bn to invest in startups that focus on agricultural adaptation across the developing world by 2030, Bloomberg reported.
Acumen — which has invested in a range of companies across sectors including health, education and off-grid solar power since 2001 — said it’s committed to finance $300m of the amount itself and secure another $1.2bn in co-financing.
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