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Top Highlights
SK Capital, a New York-based private investment firm, agreed to invest in Swixx BioPharma, a provider of pharmaceutical commercialization services, at a €1.5bn ($1.76bn) valuation, according to press releases.
Swixx BioPharma is advised by Ernst & Young, Boston Consulting Group, Centerview Partners, Jefferies & Company and Walder Wyss. SK Capital is advised by KPMG, Clearview Healthcare Partners, Rothschild & Co, Bar & Karrer (led by Christoph Neeracher and Philippe Seiler), Kirkland & Ellis and Gregory FCA (led by Daniel Abramson). Debt financing is provided by Ares, according to press releases and MergerLinks data.
Jiangxi Copper, the largest integrated copper producer in China, offered to acquire SolGold, an emerging copper-gold company, for £842m ($1.1bn), according to press releases.
Cencora, an American drug wholesale and distribution company, agreed to acquire an additional stake in OneOncology, a physician-led national platform empowering independent medical specialty practices rooted in oncology, from TPG Capital, a global alternative asset management firm, at a $7.4bn valuation, according to press releases.
Cencora is advised by Citigroup, JP Morgan, Morgan Lewis & Bockius and Sidley Austin, according to press releases.
Deal Round up
AMERICAS
EMEA
Juventus jumps after the billionaire Agnelli family rejects Tether’s bid. ( Bloomberg)
Airline caterer Gategroup has selected banks for the Zurich IPO. ( Bloomberg)
APAC
Japan's MUFG is in final talks to acquire a 20% stake in Shriram Finance for over $3.2bn. (Bloomberg)
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AMERICAS
CMOC Group, a global mining company that explores, mines, processes, and trades base metals and minerals, agreed to acquire the Brazilian operations of Equinox Gold, a gold exploration and mining company, for $1.015bn, according to press releases.
Equinox Gold is advised by BMO Capital Markets, Blake Cassels & Graydon and Veirano Advogados. CMOC Group is advised by Canaccord Genuity, Mattos Filho and McCarthy Tetrault, according to press releases.
Investment firms Kingswood Capital and Forager Capital agreed to acquire Quipt Home Medical, a provider of durable and home medical equipment and supplies in the United States, for $260m, according to press releases.
Quipt Home Medical is advised by Evans and Evans, Truist Securities and DLA Piper. Kingswood Capital and Forager Capital are advised by UBS, Fasken and McDermott Will & Schulte, according to press releases.
Picea, a firm specialzied in manufacturing and sales of precision harmonic gear drive reducer and devices, robotic systems, and electromechanical equipment, agreed to acquire iRobot, a Roomba vacuum cleaner maker, for $264m, according to press releases.
iRobot is advised by Alvarez & Marsal, Paul Weiss Rifkind Wharton & Garrison, Young Conaway Stargatt & Taylor and C Street Advisory. Picea is advised by White & Case, according to press releases.
Canopy Growth, a cannabis company based in Smiths Falls, Ontario, agreed to acquire MTL Cannabis, a Canadian cannabis company, for CAD179m ($130m), according to press releases.
MTL Cannabis is advised by Haywood Securities and Farris. Canopy Growth is advised by Canaccord Genuity, Cassels Brock & Blackwell and Paul Hastings, according to press releases.
Fortescue, a global metal mining company, agreed to acquire remaining 64.3% stake in Alta Copper, a mineral exploration company focused on developing the Cañariaco copper project in Peru, for CAD89m ($64m), according to press releases.
Fortescue is advised by Fort Capital Partners, Haywood Securities, Blake Cassels & Graydon and Gowling WLG. Fortescue is advised by Borden Ladner Gervais, according to press releases.
ITE Management, an alternative asset manager focused on industrial transportation and infrastructure, agreed to acquire the chassis business of Barings and Partners Group-backed Milestone Equipment Holdings, a lessor of mission-critical transportation equipment in the US, according to press releases. Financial terms were not disclosed.
ITE Management is advised by Deutsche Bank, Willkie Farr & Gallagher and Prosek Partners. Milestone Equipment Holdings is advised by Stephens and Davis Polk & Wardwell (led by Thomas J. Malone and Michael Davis), according to press releases and MergerLinks data.
Sobi, an international biopharmaceutical company, agreed to acquire Arthrosi Therapeutics, a private late-stage biotechnology company focused on developing a next-generation treatment for gout, for $1.5bn, according to press releases
Sobi is advised by Barclays and McDermott Will & Schulte, according to press releases.
Knife River, a company that mines aggregates and markets crushed stone, sand, gravel and related construction materials, completed the acquisition of Texcrete Operations, a provider of ready-mix concrete, sand, rock, and speciality mixes, and TexAgg, a provider of aggregates to the ready-mix and construction industry, according to press release. Financial terms were not disclosed.
C1 Fund, a publicly traded closed-end investment company providing public-market investors with exposure to late-stage digital-asset services and technology companies, completed the investment in Consensys, a global blockchain software company and foundational contributor to the Ethereum ecosystem, according to press releases. Financial terms were not disclosed.
Other World Computing completed an investment in Strada.
Other World Computing, a provider of storage, docks, and memory card solutions, completed an investment in Strada, a software company providing a media collaboration platform for common work on media files, according to press releases. Financial terms were not disclosed.
EMEA
Juventus jumps after the billionaire Agnelli family rejects Tether’s bid. ( Bloomberg)
Juventus Football Club shares surged to their highest level this year after Tether Holdings made a €1.1bn ($1.3bn) takeover bid for the Italian football club at a 21% premium.
The all-cash offer, which proposed acquiring Exor’s 65.4% stake at a €2.66 ($3.13) per share, was rejected by the Agnelli family’s holding company.
Airline caterer Gategroup has selected banks for the Zurich IPO. ( Bloomberg)
Gategroup Holding has selected banks to advise on a potential initial public offering that could take place as soon as the second half of next year.
Bank of America, Morgan Stanley and UBS have been appointed to support preparations for a possible listing in Zurich. Details, including the size, timing, and location of the offering, remain under discussion, and additional banks could be added.
APAC
Fosun Pharma, a Chinese pharmaceutical company, agreed to acquire a 53% stake in Green Valley Pharmaceutical, a developer of Alzheimer's disease drugs, for $200m, according to press releases.
An Ayo Nomura-led group of investors offered to acquire an additional stake in Fuji Media, a broadcasting company, according to press releases. Financial terms were not disclosed.
Japan's MUFG is in final talks to acquire a 20% stake in Shriram Finance for over $3.2bn. (Bloomberg)
Mitsubishi UFJ Financial Group is in final talks to acquire a 20% stake in Indian non-bank lender Shriram Finance in a deal valued at more than JPY500bn ($3.2bn). The Japanese bank is expected to announce the transaction this week.
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