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Top Highlights
BasePoint Capital, a specialty finance group, agreed to acquire International Personal Finance, an international financial services business, for £543m.
Wereldhave, a Dutch real estate investment company that owns, develops, and operates full service shopping centres, completed the acquisition of shopping center Ville2 from Everbel, a Luxembourg family office holding company, for €120m ($104m), according to press releases.
Wereldhave was advised by CBRE Group and Liedekerke Wolters Waelbroeck Kirkpatrick. Everbel was advised by BNP Paribas, Cushman & Wakefield and elegis, according to press releases.
Blackford Capital, a private equity investment firm, agreed to acquire Moro Corporation, a construction products and services company, providing HVAC, electrical, structural steel, sheet metal ductwork and services to a variety of commercial and residential customers, for $34m, according to press releases.
Blackford Capital is advised by McGuireWoods. Moro Corporation is advised by Harter Secrest & Emery and Paramax, according to press releases.
Deal Round up
AMERICAS
EMEA
Nigeria's NNPC is in talks to secure $2bn for pipeline upgrade. ( Bloomberg)
APAC
VinFast-linked GSM plans Hong Kong IPO at up to $3bn valuation. ( Reuters)
Blackstone's AirTrunk explores Singapore REIT IPO. ( Bloomberg)
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COMPANIES
INVESTORS
FINANCIAL ADVISORS
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AMERICAS
Johnson & Johnson, a company which engages in the research and development, and manufacture and sale of products in the health care field, completed the acquisition of Halda Therapeutics, a clinical-stage biotechnology company with a proprietary platform to develop oral, targeted therapies for multiple types of solid tumors, including prostate cancer, for $3.05bn, according to press releases.
Johnson & Johnson was advised by Cravath Swaine & Moore (led by Robert I. Townsend and Jin‑Kyu Baek). Halda Therapeutics was advised by Centerview Partners, according to MergerLinks data.
Softbank, a Japanese multinational holding company that invests globally in technology companies, agreed to acquire DigitalBridge, a global digital infrastructure investment firm, for $4bn, according to press releases.
DigitalBridge is advised by Joele Frank (led by Jonathan Keehner) and JP Morgan. Softbank is advised by Sullivan & Cromwell (led by Robert G. DeLaMater), according to press releases and MergerLinks data.
THELEMA, a Luxembourg-based entity, agreed to acquire B Medical Systems business of Azenta, a provider of life sciences services, for $63m, according to press releases.
Azenta is advised by William Blair & Co and Taylor Wessing, according to press releases.
Codelco, an enterprise dedicated to the exploration, development and production of copper ore, and SQM, a copper giant and lithium producer, formed a joint venture, according to press releases.
Codelco was advised by Morgan Stanley, according to MergerLinks data.
Verisk, a multinational data analytics and risk assessment firm, failed to acquire AccuLynx, a SaaS business management platform for residential property contractors with expertise in roofing, for $2.35bn, according to press releases.
VCI Global, a Malaysia-based diversified business and technology holding company, agreed to acquire a 51% stake in RTCAR Mexico, a Mexico-based automotive assembly and manufacturing platform focused on delivering solutions for global automotive OEMs and tier-1 suppliers, according to press releases. Financial terms are not disclosed.
Brivo, a provider of cloud-native access control and smart space technologies, agreed to merge with Eagle Eye Networks, a provider of cloud video surveillance, according to press releases. Financial terms are not disclosed.
EMEA
Nigeria's NNPC is in talks to secure $2bn for pipeline upgrade. ( Bloomberg)
Nigerian National Petroleum Company is in discussions to secure about $2bn in financing from Nexus Alliance.
The funds, which are expected to be received early next year, would be used to repair and upgrade pipelines damaged by theft and vandalism, as well as to reduce leaks. Talks are ongoing and have not yet been finalized.
APAC
FAW Group, a Chinese state-owned automobile manufacturer, agreed to acquire a 5% stake in Leapmotor, a Chinese automobile manufacturer headquartered in Hangzhou, specializing in developing electric vehicles, for $534m, according to press releases.
Indorama Investment, a chemicals company, agreed to acquire Anyang Nitrogen Fertilizer, a major fertilizer producer, from PAG, an Asia-focused alternative investment firm, according to press releases. Financial terms were not disclosed.
VinFast-linked GSM plans Hong Kong IPO at up to $3bn valuation. ( Reuters)
GSM, the electric-vehicle taxi arm of Vingroup, is planning an initial public offering in Hong Kong that could mark the first listing in the city by a Vietnamese company.
Officially known as Green and Smart Mobility, the company is targeting a valuation of $2bn to $3bn in an offering that could take place between late 2026 and early 2027.
Blackstone's AirTrunk explores Singapore REIT IPO. ( Bloomberg)
The company has held preliminary discussions with advisers about a possible REIT initial public offering that could raise more than $1bn, with a listing potentially taking place as soon as 2026.
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