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PAG said mulling buying of Wanda's $14bn mall portfolio.?
EQT is said to explore $8bn plus options for Reworld.?
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Consortium led by private equity firms Permira and Blackstone , completed the acquisition of Adevinta , a European online classifieds company, for €13.6bn ($14.8bn).
"We believe our offer provides attractive value and certainty for shareholders, whilst helping Adevinta take advantage of its long-term growth opportunities in a rapidly changing landscape. Access to flexible capital in a private context will ensure Adevinta remains competitive in this environment. We believe we can drive forward Adevinta’s strategy in the interest of the company and its stakeholders," Lionel Assant, Blackstone Head of European Private Equity.
Adevinta was advised by Citi (led by Wilhelm Schulz ), J.P. Morgan , Cleary Gottlieb Steen & Hamilton LLP , Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates , Edelman (led by John Kiely ). Financial advisors are advised by Shearman & Sterling LLP (led by George Karafotias ). General Atlantic was advised by Weil, Gotshal & Manges LLP . Blackstone was advised by Simpson Thacher & Bartlett LLP (led by Geoffrey Bailhache and Atif Azher ). Aurelia BidCo was advised by ABG Sundal Collier (led by Are Andersen ), Goldman Sachs (led by Sam Britton and Mark Sorrell ), Freshfields Bruckhaus Deringer (led by Markus Paul and Dr. Olga Stürmer ), Latham & Watkins (led by Jayanthi Sadanandan and Ben Wright ), Wikborg Rein (led by Per Anders S?hle and Dag Erik Rasmussen ), Fogel & Partners (led by Birgitta Henriksson ) and ZYNK AS (led by Marte Ramuz Eriksen ). Schibsted is advised by Morgan Stanley (led by Dominique Cahu and Erik Tregaard ), Clifford Chance (led by Jennifer Chimanga and Jeroen Thijssen ) and Wiersholm (led by Sverre Sandvik ). eBay is advised by LionTree (led by Jake Donavan ), Thommessen and Wachtell, Lipton, Rosen & Katz .
Valor Equity Partners , Vy Capital , Andreessen Horowitz , Sequoia Capital , Fidelity Investments , Prince Alwaleed Bin Talal and Kingdom Holding led a $6bn Series B round in xAI , an American startup company working in the area of artificial intelligence.
xAI will continue on this steep trajectory of progress over the coming months, with multiple exciting technology updates and products soon to be announced. The funds from the round will be used to take xAI’s first products to market, build advanced infrastructure, and accelerate the research and development of future technologies.
Brookfield Asset Management , a Canadian multinational company, and Temasek , a global investment company, agreed to acquire a 53.32% stake in Neoen , a renewable energy producer, from Impala, the Fonds Stratégique de Participations, Cartusia and Xavier Barbaro for €3.25bn ($3.52bn).
“Impala is delighted to sell the control of Neoen to Brookfield, a responsible actor and world leader in the renewable energy market . Impala created Neoen 15 years ago and have since then supported every stage of its development in France and then internationally, with an outstanding success in Australia. With the financial backing of this new shareholder and the talent of Xavier Barbaro and his teams, Neoen will be able to continue its growth trajectory,” Jacques Veyrat, Impala Founder and President.
Neoen is advised by Bank of America , Bredin Prat , Gide Loyrette Nouel and OPRG Financial. Brookfield is advised by BNP Paribas , Societe Generale , Clifford Chance and Brunswick Group (led by Aurelia de Lapeyrouse ). Impala is advised by Citi , Bredin Prat and Havas Worldwide Paris (led by Stéphanie Prunier ). Fonds Stratégique de Participations is advised by Perchet Rontchevsky & Associés and Bona fidé .
PAG said?mulling?buying?of?Wanda's $14bn mall portfolio.?
PAG could raise a fund and bring in other investors for a transaction that may value the real estate assets at as much as $14bn.
A deal would make PAG the owner of properties?that it?manages, following an agreement?in March?when it acquired control of?Zhuhai Wanda Commercial Management Group, the unit that?runs the day-to-day operations of the malls. Meanwhile, by disposing of the real estate assets, Wanda could raise cash to pay down debt and reduce leverage,?Bloomberg ?reported.
EQT is said to explore $8bn plus options for Reworld. (FS)
EQT Group is exploring strategic options?including?a minority stake sale for Reworld Waste that could value the waste management company at more than $8bn?including?debt.
The Stockholm-based firm owns Reworld - known as Covanta until last month - through its infrastructure arm. EQT is working with advisers and is in the early stages of soliciting interest from potential suitors.?No final decisions have been reached?and?EQT could decide against pursuing a transaction, Bloomberg reported.
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