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Guess? rolling shareholders, including Maurice Marciano, Paul Marciano, Nicolai Marciano, and Carlos Alberini, and Authentic Brands Group, a global brand development, marketing and entertainment platform, agreed to acquire Guess?, an American clothing company, for $1.4bn, according to press releases.
Guess? is advised by Solomon Partners, Morris Nichols Arsht & Tunnell, O'Melveny & Myers (led by John Laco), Willkie Farr & Gallagher (led by Adam M. Turteltaub), Young Conaway Stargatt & Taylor and Joele Frank (led by Eric Brielmann). Rolling shareholders are advised by Sage Group, Jones Day (led by Andrew M. Levine) and Ropes & Gray (led by Erica Han). Authentic Brands is advised by JP Morgan and Latham & Watkins (led by Michael V Anastasio), according to MergerLinks data and press releases.
Circana, an advisor on the complexity of consumer behavior, completed the acquisition of the marketing mix modeling business from Nielsen, an information, data and market measurement firm, according to press releases. Financial terms were not disclosed.
Kent, a global integrated energy services company, agree to acquire Exceed, a provider of well management and engineering services, according to press releases. Financial terms were not disclosed.
Deal Round up
AMERICAS
Shamrock Capital secures $190m private credit for Penta Group deal. ( Bloomberg)
EquipmentShare weighs US IPO this year. ( Bloomberg)
Citi appoints Asghar Ali as head of corporate banking real estate. ( Bloomberg)
EMEA
APAC
Insignia CEO confident on AUD3.3bn CC Capital deal. ( Bloomberg)
KKR leads bidding for Nissan’s $610m headquarters sale. ( Bloomberg)
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FINANCIAL ADVISORS
LEGAL ADVISORS
PR ADVISORS
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AMERICAS
Morgan Properties, a national real estate investment and management company, completed the acquisition of Dream Residential REIT, a real estate investment trust, for $354m, according to press releases.
Dream Residential REIT was advised by TD Securities, Osler Hoskin & Harcourt, Clifford Chance, Goodmans. Morgan Properties was advised by RBC Capital Markets, Stikeman Elliott and Blank Rome, according to press releases.
Ames Watson, a private equity firm, agreed to acquire the business operations in North America from Claire's, a fully integrated global fashion brand, for $140m, according to press releases.
Ames Watson is advised by Paul Hastings. Claire's is advised by Alvarez & Marsal, Houlihan Lokey, Kirkland & Ellis, Osler Hoskin & Harcourt and Prosek Partners, according to press releases.
New Mountain Capital-backed Grant Thornton Advisors, a management consulting services provider, agreed to acquire Stax, a strategy consulting firm, according to press releases. Financial terms were not disclosed.
Stax is advised by Stout Capital, William Blair & Co and Jones Day. Grant Thornton is advised by Clearsight Advisors, Harris Williams & Co and Simpson Thacher & Bartlett (led by Ben Schaye), according to MergerLinks data and press releases.
Thoma Bravo, a software investment firm, agreed to acquire Dayforce, a human capital management technology company, for $12.3bn, according to press releases.
Dayforce is advised by Evercore and Wachtell Lipton Rosen & Katz (led by Edward D. Herlihy and Brandon C. Price). Thoma Bravo is advised by Goldman Sachs, JP Morgan and Kirkland & Ellis (led by Cole Parker), according to MergerLinks data and press releases.
Superior Energy Services, a provider of oilfield rentals and specialized well services, agreed to acquire Quail Tools, a provider of high-performance downhole tubular rental tools, from Nabors Industries, a global provider of drilling technology and services, for $600m, according to press releases.
Superior Energy Services is advised by Houlihan Lokey, JP Morgan and Baker Botts. Nabors Industries is advised by Haynes and Boone, according to press releases.
American Industrial Partners, a private equity firm, agreed to acquire the global cellulose fibers business of International Paper, a sustainable packaging solutions provider, for $1.5bn, according to press releases.
International Paper is advised by Morgan Stanley, according to MergerLinks.
Charlesbank Capital, a private equity firm, completed the investment in Gauge Capital-backed CENTEGIX, a provider of innovative workplace safety solutions, according to press releases. Financial terms were not disclosed.
CENTEGIX was advised by Robert W Baird (led by Jeremy Fiser), according to MergerLinks data.
EVERTEC, a technology company, agreed to acquire a 75% stake in Tecnobank, a fintech company, for BRL787m ($143m), according to press releases.
Springcoast Partners, a private equity firm, led a $105m Series C round in Overhaul, an in-transit cargo risk management solutions company, with participation from Morgan Stanley and Edison Partners, according to press releases.
Closed Loop Partners, a private equity firm, completed the acquisition of Agri-Cycle, a waste management company, according to press releases. Financial terms were not disclosed.
Limestone Networks, a telecommunication company, completed the acquisition of BreezeTech Hosting, Silver Hosting, Snowside Hosting, and NextArray, VPS hosting companies, according to press releases. Financial terms were not disclosed.
Kapital Bank, a global financial institution, agreed to acquire the brokerage, asset management, and operational banking assets from Grupo Financiero Intercam, a Mexican financial group, according to press releases. Financial terms were not disclosed.
Shamrock Capital secures $190m private credit for Penta Group deal. ( Bloomberg)
PennantPark Investment also participated in the financing.
EquipmentShare weighs US IPO this year. (Bloomberg)
EquipmentShare, a construction equipment rental company backed by BDT & MSD Partners, is considering launching an IPO as soon as this year. The listing could raise over $1bn.
The Missouri-based firm is working with Goldman Sachs, JP Morgan, and Bank of America on the deal.
Citi appoints Asghar Ali as head of corporate banking real estate. ( Bloomberg)
Citigroup has named Asghar Ali as head of corporate banking real estate. He will be based in New York and report to corporate banking co-heads Jason Rekate and John Chirico.
Ali will also join the Corporate Banking Executive Committee as part of his new role.
EMEA
Mediobanca shareholders have rejected a €6.8bn ($7.9bn) proposal to acquire Banca Generali, dealing a major setback to CEO Alberto Nagel’s push to safeguard the bank’s independence.
Nagel’s plan to acquire the private banking arm of Assicurazioni Generali SpA secured just 35% of shareholder votes at August 21’s meeting, falling short of the majority threshold of 50% plus one vote needed for approval.
Mediobanca is advised by Mediobanca, Chiomenti (led by Marco Maugeri) and Cleary Gottlieb Steen & Hamilton, according to MergerLinks data and press releases.
H.I.G. Capital, an alternative investment firm, agreed to acquire a majority stake in Avanta Salud Integral, a provider of occupational health and safety services, according to press releases. Financial terms were not disclosed.
H.I.G. Capital is advised by Paul Weiss Rifkind Wharton & Garrison (led by Roger Johnson), according to MergerLinks data.
APAC
Insignia CEO confident on AUD3.3bn CC Capital deal. ( Bloomberg)
Hartley expects progress by February or March.
KKR leads bidding for Nissan’s $610m headquarters sale. ( Bloomberg)
KKR has emerged as the top bidder for Nissan’s global headquarters in Japan, offering about ¥90bn ($610m) through its real estate unit KJR Management. The sale is part of Nissan’s efforts to raise funds by divesting assets.
The deal includes leasing the 22-story building back to Nissan for 10 years. Financing discussions are underway, and the transaction is not yet finalized.
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