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GIC and Oak Street completed the acquisition of STORE Capital for $15bn.

CVS Health to acquire Oak Street Health from Newlight Partners and General Atlantic for $10.6bn.?

DigitalBridge and Brookfield completed the acquisition of a 51% stake in GD Towers from Deutsche Telekom for $8.93bn.?

Italy will study KKR's $37bn Telecom Italia acquisition.

Toshiba's bidders win a $10.6bn loan commitment.?

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GIC and Oak Street completed the acquisition of STORE Capital for $15bn. (FS)

GIC, an investment firm, and Oak Street, a real estate investment firm, completed the acquisition of STORE Capital, an internally managed net-lease real estate investment trust, for $15bn.

“We are thrilled to complete the STORE Capital acquisition. As one of the largest M&A transactions in the US real estate market, it highlights GIC’s ability to execute at scale in areas we have high conviction in. With GIC’s long-term, committed capital and STORE’s demonstrated operational expertise, we will continue to prudently grow the company and drive strong returns for our portfolio,” Lee Kok Sun, GIC Chief Investment Officer.

STORE was advised by?Evercore,?Goldman Sachs,?DLA Piper?and?Joele Frank?(led by?Matthew Sherman). Financial advisors were advised by?Fried Frank?(led by?Roy Tannenbaum?and?Philip Richter) and?Hogan Lovells?(led by?Stacey McEvoy). GIC was advised by?Citi?(led by?Scott Eisen),?Eastdil Secured?and?Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates?(led by?Nancy Olson). Oak Street was advised by?Morgan Stanley,?Kirkland & Ellis?(led by?Andrew Van Noord,?David Rosenberg?and?Michael Brueck) and?Prosek Partners?(led by?David Wells).

CVS Health to acquire Oak Street Health from Newlight Partners and General Atlantic for $10.6bn. (FS)

CVS Health, a health solutions company, agreed to acquire?Oak Street Health, a network of value-based primary care centers for adults, from investment firms?Newlight Partners?and?General Atlantic?for $10.6bn.

"Oak Street Health is a premier value-based primary care platform. We believe that in partnership with CVS Health, Oak Street Health can accelerate its growth and provide an attractive return to our shareholders over time. The pending acquisitions of Oak Street Health and Signify Health will also meaningfully advance our goal of adding 200 basis points of long-term adjusted operating income growth, a key commitment we made to shareholders at our December 2021 Investor Day," Shawn M. Guertin, CVS Health Chief Financial Officer.

Oak Street is advised by?Centerview Partners?and?Kirkland & Ellis?(led by?Joshua Ayal,?Daniel Wolf?and?David Klein). CVS is advised by?Credit Suisse,?Lazard,?Dechert LLP?(led by?Rani Habash?and?Mike Cowie),?McDermott Will & Emery?and?Shearman & Sterling LLP?(led by?Derrick Lott?and?Daniel Litowitz). General Atlantic is advised by?Paul, Weiss, Rifkind, Wharton & Garrison LLP?(led by?Ellen Ching?and?Matthew Abbott paul).

DigitalBridge and Brookfield completed the acquisition of a 51% stake in GD Towers from Deutsche Telekom for $8.93bn. (FS)

DigitalBridge, a provider of infrastructure solutions, and Brookfield, an alternative asset management company, completed the acquisition of a 51% stake in GD Towers, German and Austrian tower assets of Deutsche Telekom, a telecommunications company, for $8.93bn.

“The partnership being formed today is about building the next generation digital infrastructure champion of Europe. The combination of Deutsche Telekom’s leading mobile network and market position, alongside one of the largest real asset managers in the world in Brookfield, combined with the digital infrastructure domain expertise of DigitalBridge, creates a team of unmatched capabilities to support GD Towers as it grows to meet the evolving network demands of enterprises and consumers across Europe," Marc Ganzi, DigitalBridge CEO.

DigitalBridge was advised by?EY,?Barclays?(led by?Scott Schaevitz?and?Ragavan Bala),?Evercore,?Perella Weinberg Partners,?Allen & Overy,?DORDA Rechtsanw?lte GmbH?(led by?Andreas Mayr),?Morgan, Lewis & Bockius LLP,?Vinson & Elkins?(led by?James Fox) and?Joele Frank?(led by?Jonathan Keehner). Brookfield was advised by?J.P. Morgan,?Morgan Stanley?(led by?Dominique Cahu),?PwC,?Freshfields Bruckhaus Deringer?(led by?Christian Sistermann) and?Brunswick Group. Debt financing was provided by?Ares Capital,?BNP Paribas,?Crédit Agricole CIB,?Intesa Sanpaolo,?MUFG,?Natixis Partners,?Santander?and?UniCredit. Deutsche Telekom was advised by?Goldman Sachs?(led by?Marco Prieto) and?Gleiss Lutz?(led by?Adrian Bingel),?Noerr?(led by?Baerbel Sachs), P+P Poellath + Partners and?Schoenherr Attorneys at Law.

Italy will study KKR's $37bn Telecom Italia acquisition. (FS)

Italy will "study the details" of?KKR's offer for Telecom Italia, Economy and Finance Minister Giancarlo Giorgetti said.

The government, a stakeholder of the beleaguered phone carrier, will "evaluate the offer when it has full information on it." The minister reiterated that the government's goal is public control of the network,?Bloomberg?reported.

Toshiba's bidders win a $10.6bn loan commitment.?

Top Japanese banks are going to issue commitment letters for a $10.6bn loan that backs a Japan Industrial Partners-led consortium's takeover offer for Toshiba,?Bloomberg?reported.

Lenders including Sumitomo Mitsui Financial Group, agreed to issue the letters this week. The banks are still demanding senior positions in Toshiba's management for their representatives, should a takeover happen.

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