M&A | FI SENSE

October 22, 2020

Canadian insurer Sun Life Financial Inc buys a majority stake in alternative credit investment manager Crescent Capital Group LP for up to $338 million. Sun Life will acquire a 51% interest in Crescent with an upfront payment of $276 million and a future payment of $62 million based on the achievement of certain milestones. Crescent, […]

October 7, 2020

Nutella-maker Ferrero has reached a deal to buy Fox’s Biscuits from British 2 Sisters Food Group as announced by the Italian confectioner. This comes across as the second acquisition in Britain for family-owned Ferrero, which bought chocolate maker Thorntons in 2015. The group plans to expand its cookie business globally.

October 5, 2020

South African chemicals and energy group Sasol has announced it has entered into a US$2billion agreement to sell part of its Lake Charles business in Louisiana in United States to multinational chemicals group LyondellBasell. Assuming the deal gets approval from Sasol shareholders, LyondellBasell would own 50% stake in the Lake Charles-based chemicals business and the two […]

September 29, 2020

Japan’s Nippon Telegraph and Telephone Corp announced a ground-breaking $40 billion deal that will take its wireless carrier business private. NTT will launch Japan’s largest-ever tender offer for the 34% of NTT Docomo Inc stock that it does not own, the firm said in a statement. The telecoms firm will offer 3,900 yen per share, […]

September 28, 2020

Dubai-headquartered Rasmala Investment Bank and Kuwait’s Kamco Invest announces it has sold off a major logistics facility in Scotland, fetching them $81 million. The property was sold to Knight Frank Investment Management on behalf of institutional investors from South Korea. The property is one of the largest logistics facilities operated by Amazon in the UK, extending over an […]

September 4, 2020

Virgin Australia Holdings Ltd’s approved the purchase of Australia’s second-biggest airline by U.S. private equity group Bain Capital, administrator Deloitte said, paving the way for a strategic overhaul. The deal will allow the carrier to emerge from voluntary administration, which it had entered in April owing $5 billion to creditors after suffering from a sharp plunge […]

September 3, 2020

Siemens Healthineers disclosed it issued $3.22 billion worth of new shares to help finance its planned takeover of U.S. peer Varian. The firm announced in a statement it had issued the shares at 36.40 euros each. The total amount raised excludes any deduction in commissions and expenses. The German healthcare group last month agreed […]

August 27, 2020

French supermarket retailer Carrefour has agreed to procure 172 stores under the Supersol banner in Spain, in a deal worth an enterprise value of $92.3 million which would strengthen Carrefour’s number two position in Spain. Carrefour established that the stores and supermarkets being acquired were mainly in Andalusia and the Madrid region and that they […]

August 25, 2020

Smartsheet Inc., a workplace collaboration software, disclosed it will acquire Brandfolder Inc. for $155 million. It plans to venture into the growing field of helping marketers manage digital content for campaigns. The Bellevue, Washington-based company established that the transaction will be financed with cash and stock. Smartsheet, which has a market value of $5.8 billion, said it will share […]

August 24, 2020

Japanese-based Takeda Pharmaceutical Co, announced it has agreed to sell its Japanese consumer healthcare business to U.S. investment fund Blackstone Group. Takeda Consumer Healthcare Company, which makes over-the-counter (OTC) drugs and health products, is valued at 242 billion yen ($2.29 billion) and the sale price will be determined after calculating its debt and other factors, […]

Category: M&A

Sun Life acquires majority stake in Crescent Capital Group

Nutella-maker Ferrero group acquires Fox’s Biscuits

Sasol Group sells part of its U.S business to LyondellBasell for $2b

Japan’s NTT unveils $40b buyout of Docomo

Rasmala and Kamco trades logistics facility in Scotland for $81m

Bain Capital purchases Virgin Australia to initiate a strategic overhaul

Siemens Healthineers raises $3.2b from share sale

Carrefour acquires 172 stores in Spain worth $92.m

Smartsheet buys Brandfolder for $155m to broaden product line

Takeda sells Japan consumer health unit valued at $2.3b to Blackstone

Firstminute Capital launches second US$111M fund

Primer secures US$18M Series A

HungryPanda raises US$70M for a food delivery app

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