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BNP Paribas, Axa said to mull €1.4tn asset manager JV.?
Bain, Cinven weighing joint bid for $20bn Sanofi unit.?
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KKR-led consortium completed the acquisition of the fixed-line network management and infrastructure perimeter of TIM, an Italian telecommunications company with headquarters in Rome, Milan, and Naples, for €22bn ($23.6bn).
"The completion of the transaction with KKR and the Italian Ministry of Finance is the result of two and a half years of intense work, during which we have improved the management of TIM and identified industrial and financial solutions that will enable us to meet future challenges," Pietro Labriola, TIM CEO.
KKR was advised by Citi , Colombo & Associati (led by?Paolo Colombo), J.P. Morgan, Morgan Stanley (led by Dominique Cahu), UBS (led by Riccardo Mulone), Freshfields Bruckhaus Deringer (led by Nicola Asti and Michael Hilton), Gianni & Origoni (led by Francesco Gianni) and Community (led by Pasquo Cicchini). CPP Investments | Investissements RPC was advised by Evercore , Freshfields Bruckhaus Deringer and Linklaters (led by Michael Honan). Telecom Italia was advised by EQUITA (led by Carlo Andrea Volpe), Goldman Sachs (led by?Francesco Pascuzzi?and?Macario Prieto), LionTree (led by Jake Donavan), Mediobanca (led by Giuseppe Baldelli), UniCredit (led by Andrea Petruzzello), VITALE (led by Orlando Barucci), Clifford Chance, Gatti Pavesi Bianchi Ludovici (led by?Carlo Pavesi), Studio Carbonetti & Partners (led by Fabrizio Carbonetti) and Community (led by Auro Palomba). Financial advisors were advised by Sullivan & Cromwell LLP (led by Stephen Kotran). Vivendi was advised by Chiomenti (led by Filippo Modulo).
Blackstone, an American alternative investment management company, completed the acquisition of AIR Communities Apartment Income REIT, a publicly traded, self-administered real estate investment trust, for $10bn.
"I am proud of the AIR team and its remarkable culture. The transaction will strengthen the AIR mission to provide homes for others, be a great place to work, act as responsible stewards of AIR communities, and be a trusted partner to AIR investors. The business the AIR team has built will be improved and expanded by collaboration with Blackstone and a shared focus on serving residents and investing wisely. The AIR team is grateful to Blackstone for the opportunity and for its faith in what can be accomplished working together," Terry Considine, AIR Communities President & CEO.
AIR Communities was advised by Citi and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Joseph Coco and Kyle Hatton). Blackstone was advised by BMO Capital Markets, Bank of America, Barclays, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, Societe Generale, Wells Fargo and Simpson Thacher & Bartlett LLP (led by Brian Stadler and Matt Rogers).
ATLAS INVESTISSEMENT, a specialist investment vehicle focused on the telecoms sector, offered to acquire the remaining 70.8% stake in Millicom (Tigo), a provider of fixed and mobile telecommunications services dedicated to markets in Latin America, for $8.9bn.
"The offers allow all Millicom Shareholders to benefit from full cash liquidity at an attractive price in an environment where Atlas believes that liquidity has been weak for holders of SDRs and Common Shares," Atlas Investissement.
Millicom International Cellular is advised by Goldman Sachs, Morgan Stanley, Advokatfirman Lindahl, Davis Polk & Wardwell LLP and Nord Advokater. Atlas is advised by BNP Paribas, Crédit Agricole CIB, Handelsbanken, J.P. Morgan, Lazard, Societe Generale, Arendt & Medernach, Roschier Brands, Attorneys Ltd. (Formerly Benjon Oy) and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates.
BNP Paribas, Axa said to mull €1.4tn asset manager JV.?
安盛 is studying options for its investment manager and has been contemplating a combination with 法国巴黎银行 ’ asset manager, a joint venture that would have total assets under management of about €1.4tn ($1.5tn),?Bloomberg?reported.
Discussions between the firms have focused on creating a joint venture between AXA Investment Managers and BNP Paribas Asset Management . Such a move would create one of the largest European firms by AUM.
Bain, Cinven weighing joint bid for $20bn Sanofi unit.?
Private equity firms Bain Capital and Cinven are exploring a potential joint bid for French drugmaker Sanofi ’s $20bn consumer health division,?Bloomberg?reported.
Advent is speaking to potential partners including sovereign wealth fund Abu Dhabi Investment Authority (ADIA) about teaming up for its own planned offer.
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