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Eni taps advisers to sell $1.1bn Ivory Coast stake.
UK's Vodafone sells a $1.8bn stake in India's Indus Towers.
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家得宝 , a home improvement retailer, completed the acquisition of SRS Distribution Inc. , a residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor, from Leonard Green & Partners and Berkshire Partners, two private equity investors, for $18.25bn.
"SRS is an excellent fit for The Home Depot – it's both complementary and additive to our growth. Their ability to quickly build leadership positions in each of their specialty trade verticals is a testament to the team's strong vision, leadership, culture and execution. SRS's outstanding customer service, capabilities, and expertise will help us drive value for our customers, associates and shareholders, and we're excited to welcome the SRS team to The Home Depot," Ted Decker, The Home Depot Chair, President and CEO.
SRS Distribution was advised by 高盛 , Jefferies , Latham & Watkins (led by Michael Vardanian, Paul Kukish and Daniel H. Williams). The Home Depot was advised by J.P. 摩根 , Weil, Gotshal & Manges LLP (led by Eoghan Keenan and Michael J. Aiello ). Leonard Green was advised by 瑞银集团 .
Vitol , a Swiss-based Dutch multinational energy and commodity trading company, completed the acquisition of a 35% stake in Saras , an Italian energy multinational corporation with operations in petroleum refining, marketing, transportation and power generation, for €595m ($502m).
"We are pleased to have completed this important step. We look forward to deploying our expertise and working with the local management team on this next chapter for Saras.? We are mindful of our responsibilities, both to the Company and its stakeholders, and remain committed to investing in Saras’s future," Russell Hardy, Vitol CEO.
Vitol was advised by J.P. 摩根 , Chiomenti (led by Marco Maugeri) and Weil, Gotshal & Manges LLP (led by Murray Cox ). The Moratti family was advised by 美国银行 , Four Partners and 年利达 (led by Roberto Casati ).
CapVest -backed Recochem Inc. , an automotive liquid solutions provider, completed the acquisition of auto care business from Centerbridge Partners, L.P. -backed KIK Consumer Products , a manufacturers of consumer products. Financial terms were not disclosed.
"We are very excited about the opportunity to create a world-class, consumer centric automotive group that can deliver the very best solutions for our customers. Recochem, Prestone and Holts are highly complementary businesses, and the combined platform will offer customers a wide range of products across multiple categories that are experiencing consistent long-term growth. Today's transaction will provide the enlarged business and individual business units with significant opportunities to expand, develop and broaden our relationships with our key partners," Shawn Davies, Recochem CEO.
Recochem was advised by Harris Williams , Arnold & Porter , Kirkland & Ellis , Willkie Farr & Gallagher LLP and ReputationInc (led by Ben Valdimarsson ). Centerbridge was advised by CG Sawaya Partners , Blake, Cassels & Graydon LLP , Weil, Gotshal & Manges LLP (led by Brian Gingold ) and Kekst CNC (led by Jeremy Fielding ).
Eni taps advisers to sell $1.1bn Ivory Coast stake.
エニ is planning to sell a stake in its Ivory Coast exploration operations in a potential deal that could be worth about €1bn ($1.1bn), Bloomberg reported.
The Italian oil company is working with advisers, including 渣打银行 , on the possible stake sale. Eni could sell up to 30% of the business and is drawing interest from other energy companies, including those from Asia.
UK's Vodafone sells a $1.8bn stake in India's Indus Towers.
Vodafone Group sold a bigger-than-planned 18% stake in India's Indus Towers Limited for $1.82bn on June 19, with local telecom operator Bharti Airtel Services picking up shares to increase its stake to nearly 50%, Reuters reported.
UK's Vodafone, which owns a 21.5% stake in mobile-tower operator Indus, had initially planned to sell a 10% stake, but strong investor demand promoted it to nearly double the sale size.
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