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Calpine explores options?including?a $30bn sale.
KKR readies EU remedies for €22bn Telecom Italia deal.?
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Permira , the global private equity firm, agreed to acquire Squarespace , the design-driven platform helping entrepreneurs build brands and businesses online, for $6.9bn.
"Squarespace has been at the forefront of providing services to businesses looking to establish themselves online for?more than?two decades.?We are excited to continue building on that?foundation,?and expanding our?offerings,?for years to come.?We are thrilled to?be partnering?with Permira on this new leg of our journey, alongside our existing long-term investors?General?Atlantic and Accel, who strongly believe in the future of Squarespace,"?Anthony?Casalena, Squarespace Founder and CEO.
Squarespace is advised by Centerview Partners , J.P. 摩根 , Richards, Layton & Finger , Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by? Christopher Barlow ) and Wilson Sonsini Goodrich & Rosati .?Permira is advised by 高盛 , Latham & Watkins and FGS Global .?Debt financing is provided by Ares Capital , Blackstone and Blue Owl Capital . General Atlantic is?advised?by Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Ellen Ching ?and?Matthew W. Abbott).?Accel is advised by Cooley LLP .
KPS Capital Partners , an American investment company, agreed to acquire Innomotics , a motor and large-drive systems supplier, from Siemens , a German multinational technology conglomerate, for €3.5bn ($3.8bn).
"KPS, with its demonstrated track record of manufacturing excellence and its global platform, is the ideal owner for the new Innomotics. We will extend our extensive track record of successful technological innovation and providing our customers with world-class products, solutions and services,"?Michael?Reichle, Innomotics CEO.
Innomotics is advised by Gleiss Lutz (led by Jan Balssen and Dr. Olaf Hohlefelder ).?KPS Capital Partners is?advised?by Bank of America , Lazard and Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Neel Sachdev , Will Aitken-Davies and Angelo Bonvino). Siemens?is advised by Hengeler Mueller (led by Prof. Dr. Hans-Joerg Ziegenhain and Daniel M?ritz ).?Debt financing is provided by Barclays , Citi , Goldman Sachs , Intesa Sanpaolo , MUFG , Morgan Stanley , Standard Chartered , UBS and UniCredit .
Britain's competition regulator said it?has?initiated a probe into US medical equipment maker Thermo Fisher Scientific 's $3.1bn deal to buy Swedish biotech firm Olink Proteomics .
The Competition and Markets Authority has set a deadline of July 8 for its phase 1 decision.
Olink is advised by Goldman Sachs , J.P. Morgan (led by Anu Aiyengar ), UBS and Baker McKenzie (led by Mark Mandel and Henric Roth ).?Financial advisors are advised by Debevoise & Plimpton and Sullivan & Cromwell LLP .?Thermo Fisher is advised by Cravath, Swaine & Moore LLP (led by Faiza J. Saeed, Ting Chen , Bethany Pfalzgraf and Jin?Kyu Baek), Vinge (led by Jonas Bergstr?m and Erik Sjoman) and Joele Frank (led by Andrea Rose). Summa Equity is advised by Ropes & Gray LLP (led by Suni Sreepada ).
Calpine explores options?including?a $30bn sale. (FS)
The investment firms that took US power plant operator Calpine ,?private six years ago are exploring options that include a company sale, an initial public offering or a stake divestment at a valuation of about $30bn, including debt.
ECP (Energy Capital Partners) , Access Industries and CPP Investments | Investissements RPC , which acquired Calpine for $17bn in 2018, are having early-stage talks with investment banks about their exit options.?A transaction would likely happen late in 2024 or early in 2025, Reuters reported.
KKR readies EU remedies for €22bn Telecom Italia deal.?
KKR is poised to offer a package of commitments?aimed at winning?an early?European Union?approval for its?€22bn ($23.8bn) bid for?Telecom Italia’s land-line network ,?Bloomberg ?reported.
The remedies, expected to be filed next week, will likely solve EU concerns over possible price hikes in the wholesale telecom market — paving the way for June approval of the deal.
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