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Honeywell to acquire liquefied natural gas process technology business from Air Products for $1.8bn.
Saudi Arabia's haul from Aramco share sale finalized at $12.35bn.
Yes Bank's $5bn stake said to attract lenders from the Middle East, Japan.
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赛默飞世尔科技 , a supplier of analytical instruments, life sciences solutions, specialty diagnostics, laboratory, pharmaceutical and biotechnology services, completed the acquisition of Olink Proteomics , a company dedicated to accelerating proteomics together with the scientific community, from Summa Equity , a private equity firm, for $3.1bn.?
"We are excited to welcome Olink colleagues to Thermo Fisher. Protein research is key to advancing our understanding of human biology and delivering on the promise of precision medicine. Olink's proven and transformative solutions for proteomics are highly complementary to our leading mass spectrometry and life sciences offerings. By expanding our capabilities in the high-growth proteomics market, we will enable scientists and researchers around the globe to meaningfully accelerate discovery and scientific breakthroughs while delivering significant value to our shareholders," Marc N. Casper, Thermo Fisher Chairman, President and CEO.
Olink was advised by 高盛 , J.P. 摩根 (led by Anu Aiyengar ), 瑞银集团 and 贝克?麦坚时 (led by Mark Mandel ). Financial advisors were advised by Debevoise & Plimpton (led by Andrew Bab ) and Sullivan & Cromwell LLP (led by Stephen Kotran ). Thermo Fisher was advised by Cravath, Swaine & Moore LLP (led by Faiza Saeed, Ting Chen , Bethany Pfalzgraf and Jin?Kyu Baek), Vinge (led by Jonas Bergstr?m ) and Joele Frank (led by Andrea Rose). Summa Equity was advised by Ropes & Gray LLP (led by Suni Sreepada ).
Prosperity Life , an insurance agency that provides a wide range of life, health, property, and casualty insurance products and services, completed the merger with National Western Life Insurance Company (NWL) , a stock life insurance company, in a $1.9bn deal.
"National Western's insurance franchises, products and capabilities will be a great addition to Prosperity. This acquisition represents a significant milestone in the continued expansion of our insurance business. We welcome National Western to Prosperity and look forward to the opportunities ahead as a combined business," Nicholas von Moltke, Prosperity President and CEO.
National Western was advised by 高盛 and Sidley Austin LLP (led by Mark Metts and Amanda Todd ). Goldman Sachs was advised by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Todd Freed ). Prosperity Life was advised by 花旗 , Debevoise & Plimpton (led by Kevin Schmidt and David Grosgold ), Faegre Drinker , Kutak Rock , Norton Rose Fulbright and Prosek Partners (led by Aiden Woglom ).
Honeywell to acquire liquefied natural gas process technology business from Air Products for $1.8bn.
霍尼韦尔 , a conglomerate corporation, agreed to acquire liquefied natural gas process technology and equipment business from 空气化工产品公司 , a corporation whose principal business is selling gases and chemicals for industrial use, for $1.8bn.
"While the world continues to build the renewables-based energy infrastructure of the future, natural gas is a critical lower-emission and affordable transition fuel that will help meet ever-increasing and dynamic global energy demands," Vimal Kapur, Honeywell Chairman and CEO.
Air Products is advised by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Michael Chitwood ).
Saudi Arabia's haul from Aramco share sale finalized at $12.35bn.
Saudi Arabia raised $1bn more than previously expected from the sale of a stake in oil producer aramco after a so-called stabilization period of the company's shares ended,?Bloomberg?reported.
The government netted a total of $12.35bn from the secondary offering. It sold a 0.64% stake in Aramco at $7.3?a share last month, with an additional 154m shares available for stabilizing manager Merrill Lynch to buy back and return to the state if the stock dropped below the offer price.
Yes Bank's $5bn stake said to attract lenders from the Middle East, Japan.
First Abu Dhabi Bank (FAB) is among potential suitors for a roughly $5bn stake in India's YES BANK ,?Bloomberg?reported.
The Middle Eastern lender is weighing a bid for as much as a 51% stake in Yes Bank. The stake sale has also drawn preliminary interest from Japan, including MUFG and Sumitomo Mitsui Financial Group , although it remains unclear how strong their appetite for a deal is and whether they will proceed.
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President, Private Equity @ Plocamium Holdings
8 个月Thermo Fisher Scientific's $3.1B Olink Proteomics deal bolsters proteomics foothold, challenging rivals in the $90B market.?The acquisition adds high-throughput protein analysis to mass spectrometry offerings, potentially accelerating biomarker discovery.?Move signals the growing importance of proteomics in drug development and precision medicine.