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Levine Leichtman eyes up to $3.3bn for flagship fund.?
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GIC , a sovereign wealth fund, and Greystar , a provider of real estate services, completed the acquisition of Student Roost , a purpose-built student accommodation provider, from Brookfield , an alternative asset management company, for $4.17bn.
“GIC is pleased to close on Student Roost, the UK’s third-largest student accommodation provider. This partnership with Greystar will provide a strong platform for Student Roost to pursue further growth while continuing to offer exceptional purpose-built student accommodation with good occupancy rates. We look forward to working closely with them both," Lee Kok Sun, GIC CIO of Real Estate.
Greystar was advised by FGS Global (led by? Gordon Simpson ). GIC was advised by 仲量联行 (led by? Huw Forrest ) and 年利达 (led by? Tom Watkins ). Brookfield was advised by 汇丰 , 摩根士丹利 , Kirkland & Ellis (led by? Gregory Scott ?and? Matthew Elliott ) and Weil, Gotshal & Manges LLP .
Aptiv , a global technology company that develops safer, greener and more connected solutions, completed the acquisition of 风河 , a global company delivering software for mission-critical intelligent systems, from TPG , a private equity firm, for $3.5bn.
"The automotive industry is undergoing its largest transformation in over a century, as connected, software-defined vehicles increasingly become critical elements of the broader intelligent ecosystem. With Aptiv and Wind River's complementary portfolios and decades of combined experience in delivering innovation in safety-critical systems, we will drive significant value for our customers," Kevin Clark, Aptiv President and CEO.
Wind River was advised by 摩根士丹利 and Ropes & Gray LLP . Aptiv was advised by 高盛 , Covington & Burling LLP , Machado Meyer Advogados (led by? Maria Eugênia Novis ), Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by? Steven Williams ?and?Scott Barshay) and Joele Frank .
Clayton, Dubilier & Rice , a private equity firm, completed the acquisition of a 51% stake in the industrial businesses of Roper Technologies, Inc. , an American diversified industrial company, for $2.6bn.?
“This is the final step in Roper’s divestiture strategy to reduce the cyclicality and asset intensity of our enterprise. We have created a meaningfully enhanced and higher-quality go-forward portfolio of market-leading businesses that is better positioned to deliver higher and more resilient organic growth, an improved working capital profile, and strong cash conversion. Selling a majority interest in these industrial businesses will provide Roper with significant upfront cash, while maintaining the ability to receive additional cash proceeds from the future exit of our minority interest,” Neil Hunn, Roper Technologies President and CEO.
Clayton, Dubilier & Rice was advised by BMO Capital Markets , 法国巴黎银行 , J.P. 摩根 , 瑞穗实业银行 , Natixis Partners , RBC Capital Markets , 瑞银集团 , Debevoise & Plimpton (led by? Uri Herzberg ?and? Kevin Rinker ). Roper Technologies was advised by Evercore , 众达律师事务所 (led by? Bill Zawrotny ) and Gasthalter & Co. LP (led by? Mark Semer ). Debt financing was provided by BMO Capital Markets , 法国巴黎银行 , 瑞穗实业银行 , Natixis Partners , RBC Capital Markets and 瑞银集团 .
Hassana Investment Company , a private equity firm, completed a $2.4bn investment in UAE assets of DP World , an Emirati multinational logistics company.
"We are delighted to announce this new partnership with Saudi Arabia-based Hassana, which manages one of the largest global pension funds. We believe this partnership will serve to enhance our assets and allow us to capture the significant growth potential of the wider market," Sultan Ahmed Bin Sulayem, DP World Chairman and CEO.
DP World was advised by J.P. 摩根 .?
Levine Leichtman eyes up to $3.3bn for flagship fund.?
Levine Leichtman Capital Partners, LLC is back in the market with a seventh flagship buyout offering set to bring in $3.3bn.
At $3.3bn, Fund VII would be the largest pool in Levine Leichtman’s nearly four-decade history. It would be 32 percent larger than Fund VI, closed in 2019 at $2.5bn.
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