MergerLinks Weekly Review
MergerLinks
Join a community of 250,000+ M&A professionals. Expand your network and discover new business opportunities.
Welcome to MergerLinks Daily Review.?Sign up here ?to get the full round up of your daily dose of blue-chip M&A news directly to your inbox.
TPG in lead to buy stake in Creative Planning at $15bn valuation.??
EQT-backed Zayo, TPG vie for Crown Castle assets worth nearly $10bn.?
You can access today’s complete newsletter?here .
Scroll down for more…
BlackRock , an American multinational investment company, completed the acquisition of Global Infrastructure Partners (GIP) , an independent infrastructure fund manager, for $12.5bn.
“We are excited to embark on this new chapter as Global Infrastructure Partners (GIP), a part of BlackRock, with the goal of creating the premier global infrastructure investing firm. The combination of our institutional intellectual capital, investing and business improvement capabilities, global footprint, corporate and government relationships will allow us to deliver attractive investments for our investors and innovative solutions for our customers,” Bayo Ogunlesi, Global Infrastructure Partners Chairman and CEO.
BlackRock was advised by Perella Weinberg , AZB & Partners (led by Zia Mody, Atreya Bhattacharya, Anuja Tiwari, Ashwath Rau and Rushabh Maniar), Clifford Chance (led by Stavroula Vryna and Dimitri Slobodenjuk), Fried Frank (led by Jonathan S. Adler), Gorrissen Federspiel (led by Camilla C. Collet), Herbert Smith Freehills (led by Fiona Smedley, David Ryan and Elizabeth Charlesworth), Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by David Hepp). Global Infrastructure Partners was advised by Evercore , Debevoise & Plimpton (led by Alisa A. Waxman), Khaitan & Co (led by Gahan Singh) and Kirkland & Ellis (led by Daniel Lavon-Krein).
TPG , a global alternative asset management firm, agreed to acquire 70% stake in DIRECTV , a media satellite infrastructure provider, from AT&T , a telecommunication company, for $7.6bn.
“This transaction is the right next step for DIRECTV as we advance our vision and continue to evolve our product to offer consumers the broadest array of content. Our team is the best in the business, and we are driven to provide innovative video services with an outstanding customer experience," Bill Morrow, DIRECTV CEO.
TPG Capital is advised by Bank of America , Barclays , Evercore , LionTree , Morgan Stanley , Cleary Gottlieb Steen & Hamilton LLP , Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. , Ropes & Gray LLP and H/Advisors Abernathy (led by Tom Johnson).
TPG Rise Climate, a dedicated climate investing strategy of TPG ’s global impact investing platform, and GIC , a Singaporean sovereign wealth fund, agreed to acquire Techem , an energy management, resource conservation and efficiency improvements services provider, from Partners Group , a global private markets investment manager, Caisse de dép?t et placement du Québec (CDPQ) , a global investment group, and Ontario Teachers' Pension Plan , a pension plan, for €6.7bn.
“With TPG and GIC, we are gaining strong new partners with the digitisation and platform expertise needed to help us make significant progress in implementing our corporate strategy. Together, we want to further expand and advance our position as a leading platform for digitising and decarbonising the building sector across Europe and beyond,” Matthias Hartmann, Techem CEO.
TPG Rise Climate is advised by 博然思维集团 (led by?Felix Morlock?and?Simon Hertwig). Partners Group is advised by 瑞银集团 and 富而德律师事务所 (led by?Natascha Doll?and?Friedrich von der Heydt-von Kalckreuth).
TPG in lead to buy stake in Creative Planning at $15bn valuation. (FS)
Buyout firm TPG has emerged as the frontrunner to pick up a minority stake worth $2bn in Creative Planning , in a deal that could value the wealth management firm at more than $15bn, Reuters reported.
The deal would mark TPG's second such bet on a wealth manager within a week and underscores the burgeoning demand for dealmaking in the sector that generates lucrative fee income for managers. On September 26, TPG clinched a deal to buy a minority stake in Homrich Berg .
EQT-backed Zayo, TPG vie for Crown Castle assets worth nearly $10bn.?
Fiber network owner Zayo Group and buyout firm TPG are competing to acquire the fiber and wireless assets of Crown Castle in a deal that could be valued at nearly $10bn,?Reuters ?reported.
Zayo, which is owned by buyout firms EQT Group and DigitalBridge , and TPG are the two remaining bidders for the assets, which include Crown Castle's fiber business and its small cell business, which provides wireless services and technology.
Interested to find more??Sign up here ?to get full round up of your daily dose of blue-chip M&A news directly to your inbox. You can access today’s complete newsletter here .