Agnico Eagle, a gold miner, completed the merger with Kirkland Lake Gold, a Canada-based gold mining, development, and exploration company, in a $24bn deal. Agnico Eagle and Kirkland Lake Gold shareholders own approximately 54% and 46% of the combined company, respectively.
"The transaction creates a company with a strong platform of people, assets and financial resources to continue to build and operate a long term sustainable and self-funding business. Kirkland Lake is an excellent cultural fit with Agnico Eagle, and we look forward to working together to further grow our business through exploration, mine development and optimization of our high-quality asset base. Over time, we believe that the gold industry will continue to evolve and consolidate and with this transaction we are well-positioned to take advantage of high-quality opportunities and be a true Canadian mining champion," Sean Boyd, Agnico Eagle CEO.
Kirkland Lake Gold was advised by BMO Capital Markets, CIBC World Markets, Maxit Capital, Cassels Brock & Blackwell and Fasken. Agnico Eagle was advised by Bank of America, TD Securities, Trinity Advisors Corporation and Davies Ward Phillips & Vineberg. Financial advisors were advised by Shearman & Sterling.
Carlyle-backed Syniverse, a provider of mission-critical mobile platforms for carriers and enterprises, terminated the agreement to go public via a merger with M3-Brigade Acquisition II, a SPAC, in a $2.85bn deal.
"We are disappointed that recent changes in market conditions made it impossible to consummate our proposed merger, but Syniverse is a great company with a strong management team and we are confident that it has a very bright future," Mohsin Y. Meghji, MBAC CEO.
Republic Services, an American waste disposal company, agreed to acquire US Ecology, a provider of environmental solutions offering treatment, recycling and disposal of hazardous, non-hazardous and specialty waste, for $2.2bn.
"We are pleased to have reached this agreement with Republic Services, an established leader in the industry, recognized for its commitment to safety, sustainability and superior customer service," Jeff Feeler, US Ecology Chairman, CEO and President.
US Ecology is advised by Barclays, Houlihan Lokey and Dechert. Barclays is advised by Sullivan & Cromwell. Republic Services is advised by Moelis & Co and Davis Polk & Wardwell.
Equitable Bank, a Canadian bank which primarily provides residential and commercial real estate lending services, agreed to acquire Concentra, a provider of lending and investment solutions, for $371m.
"We are delighted to join Equitable in its Challenger Bank quest. This powerful combination of capabilities and services is right for our employees, customers and community partners and creates opportunity for our team to excel as part of an award-winning Canadian bank that shares our commitment to innovation," Don Coulter, Concentra President and CEO.
Concentra is advised by Morrison Park Advisors, National Bank Financial and Torys. Equitable Bank is advised by RBC Capital Markets, TD Securities and Bennett Jones.
Onex, an investment manager founded in 1984, agreed to invest in Analytic Partners, a cloud-based, managed software platform. Financial terms were not disclosed.
"We feel incredibly privileged that Nancy has chosen us as her partner to continue building Analytic Partners. The company's GPS Enterprise managed software solution, supported by its proprietary ROI Genome dataset and analytical capabilities, have allowed Analytic Partners to provide a compelling value proposition to its customers and we expect this to continue. We are extremely enthusiastic about the company's prospects as the need to accurately assess the effectiveness of marketing campaigns will continue to grow which, combined with the opportunity to further leverage Analytic Partners' capabilities across a wider range of end markets and geographies, presents a compelling value creation opportunity over the coming years," Kosty Gilis, Onex Managing Director.
Analytic Partners is advised by Goldman Sachs, Willkie Farr & Gallagher and Wit Strategy. Onex is advised by Latham & Watkins.
Insight Partners-backed CM Group, a portfolio of martech companies focused on multichannel digital marketing, completed the merger with Vector Capital-backed Cheetah Digital, a family of global marketing technology brands. Financial terms were not disclosed.
"Our merger with Cheetah Digital means CM Group will be well positioned to meet the needs of customers of all sizes and shapes, and we will continue to be their marketing technology partner as they grow by delivering the right technology at the right time, tailored to their industry and built for the scale at which they operate. By keeping each CM Group product distinct and focused on specific verticals or market segments, we deliver superior solutions, expertise, and outcomes for customers when compared to the large volume of generalist solutions in the market today," Wellford Dillard, CM Group CEO.
CM Group was advised by Jefferies & Company, Willkie Farr & Gallagher and Riley Strategic. Cheetah Digital was advised by Paul Hastings.
Aeromexico, the flag carrier airline of Mexico, agreed to acquire the remaining 49% stake in the PLM loyalty program from Aimia, an investment holding company with a focus on long-term investments in public and private companies, for $405m.
"We want to thank our joint venture partner, Aeromexico, for their collaboration in achieving the best outcome for all stakeholders. Aeromexico has been a valued and trusted partner since 2010, and we applaud them, and the PLM leadership team for continuing to successfully navigate an unprecedented period in the travel industry. We wish Aeromexico continued success as they emerge from the bankruptcy process as a significantly strengthened airline, supported by its loyalty program," Phil Mittleman, Aimia CEO.
Aimia is advised by Jefferies & Company.
Betterment, the largest independent digital investment advisor in the US, agreed to acquire Makara, an innovative manager of cryptocurrency portfolios. Financial terms were not disclosed.
The acquisition will provide consumers and financial advisors the ability to invest in expert-built, diversified crypto portfolios alongside their existing investments, through an easy-to-use customer experience they have come to expect from Betterment.
Betterment is advised by PJT Partners.
Capstreet-backed Credit Bureau Connection, a provider of credit report and compliance solutions, completed the acquisition of Dealer Safeguard Solutions, a SaaS provider of compliance and workflow solutions for the automotive retail industry. Financial terms were not disclosed.
"I have known Doug and DSGSS for many years, and have seen the immediate value the platform delivers to their impressive client list, and I am confident our two companies are a natural fit. While both CBC and DSGSS have experienced consistent growth, there are still significant organic growth opportunities in the auto and adjacent industries that we can better capture by working together. We welcome Doug and the entire DSGSS team, and we are excited to work together," Mike Green, CBC Founder and CEO.
Credit Bureau Connection was advised by Lambert & Co.
KORE Software, a software company in New York City, agreed to acquire Hookit, an AI-powered sponsorship analytics platform. Financial terms were not disclosed.
"This is a monumental step forward for our market. We are stronger together and are excited to start this journey with a partner like Hookit," Jason Fletcher, KORE CEO.
Hookit is advised by Jones Day.
US Orthopaedic Partners, the network for private orthopaedic practices in the Southeastern United States, completed the acquisition of Southern Orthopaedic Surgeons, a provider of orthopaedic care. Financial terms were not disclosed.
"On behalf of all the physician partners at Southern Orthopaedic Surgeons, we are excited to partner with the USOP management team and join the high-quality physicians that USOP's platform has already assembled to date," Roland Hester, Southern Orthopaedic Surgeons Managing Member.
US Orthopaedic Partners was advised by Ink Link Marketing.
Lightspeed Venture Partners, a venture capital firm, led a $101m Series A financing round in Seismic Therapeutic, a biotechnology company advancing machine learning for immunology drug development, with participation from Polaris Partners, Boxer Capital and Samsara Biocapital.
“We are leading the next generation of immunology drug development with Seismic’s platform. By integrating machine learning throughout the biologics drug discovery process, we are powered by a systematic and programmable approach to design superior biologics from initial discovery and therapeutic design through to manufacturability,” Jo Viney, Seismic Therapeutic Founder, President and CEO.
Seismic Therapeutic was advised by The Yates Network.
Moonbug Entertainment, a producer of “Cocomelon,” the most popular kids’ show on Netflix, completed the acquisition of Little Angel, a network of kids-focused YouTube channels. Financial terms were not disclosed.
“We are putting it into our machine. We’ll create more content, we’ll internationalize it and we’ll start distributing it on global platforms," Rene Rechtman, Moonbug CEO.
Undisclosed purchaser to acquire Rare Pediatric Disease Priority Review Voucher of BioMarin Pharmaceutical for $110m.
An undisclosed purchaser agreed to acquire Rare Pediatric Disease Priority Review Voucher of BioMarin Pharmaceutical, a global pharmaceutical company, for $110m.
"We are pleased to announce the sale of the PRV and plan to direct the proceeds from this voucher sale towards additional investment in an already robust pipeline of investigational therapies for people with genetic diseases," Jean-Jacques Bienaimé, BioMarin Pharmaceutical CEO.
BioMarin Pharmaceutical is advised by Jefferies & Company.
New York pension fund plans to sell half of its shale companies. (FS)
New York's state pension fund will sell $238m worth of stock and debt it holds across 21 shale oil and gas companies including Chesapeake Energy, Hess and Pioneer Natural Resources, saying they have not shown they are ready to move to a low-emissions economy,
Reuters reported.
The fund will keep another 21 shale companies including CNX Resources and EQT.
Microsoft might acquire Mandiant.
Microsoft is considering a deal to buy cybersecurity firm Mandiant,
Reuters reported. The talks may not result in an offer.
A deal to buy Mandiant would help Microsoft beef up its products that protect its clients from cybersecurity threats. The software giant bought two smaller cybersecurity companies in 2021 and would spend $20bn on cybersecurity over the next five years.
Byron Allen is going to bid for Denver Broncos.
Media mogul Byron Allen is preparing a bid for the Denver Broncos, a move that if successful would make him the first Black majority owner of a National Football League team,
Bloomberg reported.
“NFL commissioner Roger Goodell and New England Patriots owner Robert Kraft came to me in November of 2019 and asked me to take a good look at buying an NFL team,” Byron Allen, Allen Media Group Chairman and CEO.
OceanSound Partners closes new fund at $780m. (FS)
OceanSound Partners, a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies, closed its debut fund on $780m, surpassing a target of $550m.
The vehicle will support the firm's strategy of investing in middle-market tech and tech-enabled services companies that serve the government and enterprise end markets. OceanSound typically makes investments of $75m to $300m.
