Healthcare group Sanofi launches buyout offer for rival Kiadis
French healthcare group Sanofi has launched a takeover offer for smaller peer Kiadis, the companies said on Friday, in a deal that would value Kiadis’ at around 220 million euros ($265 million). Sanofi’s takeover offer is priced at 5.45 euros, a premium of around 1.9% to Kiadis’ closing price of 5.35 euros on Feb. 11. […]
Arnault and Mustier join the $100bn Spac boom
LVMH founder and ex-UniCredit CEO launch vehicle to invest in European financial companies LVMH founder Bernard Arnault and former UniCredit chief Jean Pierre Mustier are creating a special purpose acquisition vehicle to invest in European financial companies, joining the $100bn Spac boom. The Spac will look to raise in the low hundreds of millions of […]
Germany’s MIG Fonds makes first French investment with deep-tech company Zadient Technologies
MIG AG, through its MIG Fonds, has kicked off the year with a seed investment in deep-tech company Zadient Technologies, based in Chambéry, France and founded in 2020. Zadient’s innovation lies in its high quality crystal production which improves the manufacturing process and lowers semiconductor production costs. The first round of financing will be used […]
ByteDance explores sale of Indian TikTok assets to rival firm Glance: Bloomberg
China’s ByteDance is said to be exploring the sale of the India operations of TikTok to rival unicorn Glance. Glance’s parent, mobile advertising technology firm InMobi, also owns short-video app Roposo that has gained in popularity after TikTok was banned by the Indian government in July last year. SoftBank is a backer of InMobi Pte as […]
Chemical firm Lanxess buys U.S.-based Emerald Kalama in $1.1 billion deal
German chemical company Lanxess is buying U.S.-based Emerald Kalama Chemical for an enterprise value of about $1.08 billion to strengthen its consumer business. The company reported 2020 sales of around $425 million and earnings before interest taxes depreciation and amortisation (EBITDA) before exceptionals of around $90 million. “By acquiring Emerald Kalama Chemical, Lanxess strengthens its […]
BlackRock Real Assets acquires Sainsbury’s warehouse for GBP90.5m
Fund managed by BlackRock Real Assets have acquired a Sainsbury’s distribution warehouse in Bedford from Legal & General for GBP90.5 million. The 462,746 sq ft unit is let to Sainsbury’s on an unexpired lease term of 15 years with five-yearly RPI-linked uplifts subject to a floor of 2 per cent and cap of 4 per […]
Focus Group acquires South West Communications
Focus Group, a UK provider of business communications and technology solutions, has completed the acquisition of swcomms, who started as a provider of business telephone systems. Focus Group has been looking to expand its portfolio of businesses again and swcomms was a perfect fit to accelerate its growth in the South West of the UK. […]
Golub Capital BDC, Inc. Announces New $475.0 Million Senior Secured Revolving Credit Facility
Golub Capital BDC, Inc. today announced the closing of a new senior secured syndicated revolving credit facility. The Facility is led by JPMorgan Chase Bank, and includes a total of six bank participants. The Facility closed on February 11, 2021. Under the Facility, the lenders have agreed to extend credit to us in an initial […]
Lanxess buys U.S.-based Emerald for enterprise value of $1.08 billion
German chemical company Lanxess on Saturday said it signed a deal to acquire U.S.-based specialty chemicals company Emerald Kalama Chemical for an enterprise value of about $1.08 billion. The acquisition will be financed by Lanxess’s existing liquidity, the company said in a statement, adding that the deal was expected to close in the second half […]
The Bumble IPO And Blackstone’s Private Equity Gold Mine
The $2.2 billion initial public offering of dating application Bumble on Thursday went off like so many before it. Bumble’s bankers upped its IPO price about 50% from an initial range to meet fierce demand for shares, but it didn’t tame the raging animal spirits of investors bidding up tech stock valuations into the stratosphere. […]
