MergerLinks Weekly Review
MergerLinks
Join a community of 250,000+ M&A professionals. Expand your network and discover new business opportunities.
Welcome to MergerLinks Weekly Review. Sign up here to get the full round up of your daily dose of blue-chip M&A news directly to your inbox.
Japan Industrial Partners to acquire Toshiba for $15.2bn.
A consortium of investors led a $6.5bn Series I investment round in Stripe.
Chart Industries completed the acquisition of Howden from KPS Capital for $4.4bn.
Neptune Energy pushes on with $5bn sale as Eni talks cool.
You can access today’s complete newsletter here.
Scroll down for more…
Japan Industrial Partners to acquire Toshiba for $15.2bn. (FS)
Japan Industrial Partners, a private equity firm, agreed to acquire Toshiba, a multinational conglomerate corporation, for $15.2bn.
JIP belives that by privatizing the Toshiba shares from the public market, JIP would be able to support the establishment and management of a stable management structure to create a stable shareholder base that supports the new growth of Toshiba and to execute a business strategy that realizes the growth potential of the Target, thereby greatly improving the enterprise value of Toshiba.
Toshiba is advised by J.P. Morgan, Mizuho, Nomura, UBS, Morrison Foerster, Nagashima Ohno & Tsunematsu and Nishimura & Asahi. Japan Industrial Partners is advised by Crosspoint Advisors and TMI Associates.
A consortium of investors led a $6.5bn Series I investment round in Stripe.
A consortium of investors including Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital, led a $6.5bn Series I investment round in Stripe, a financial services and software as a service company, with participation from GIC, Goldman Sachs and Temasek.
"Over the last 12 years, current and former Stripes have helped build foundational economic infrastructure for millions of businesses around the world, and this transaction gives them the opportunity to access the value they've helped create. But the internet economy is still young, and the opportunities of the next 12 years will dwarf those of the recent past. There's so much to discover and to create. For us, it's now back to work," John Collison, Stripe Co-Founder and CEO.
Stripe was advised by Goldman Sachs, J.P. Morgan and Ropes & Gray LLP.
Private equity firms Apollo Global Management, Inc., J.F. Lehman & Company and Hill City Capital completed the acquisition of Atlas Air Worldwide, a global provider of outsourced aircraft and aviation operating services, for $5.2bn.
"Today marks the start of an exciting new chapter for Atlas, and we are eager to begin our partnership with Apollo, J.F. Lehman and Hill City. With the support and resources of our investor partners, we are well-positioned to achieve our growth objectives while continuing to serve the increasingly complex global supply chain. I want to thank the entire Atlas team, whose customer focus and dedication made this milestone possible. I look forward to the opportunities this next phase provides for our Company and our employees," John Dietrich, Atlas Air President and CEO.
Atlas Air Worldwide was advised by Morgan Stanley, Cravath, Swaine & Moore LLP (led by Robert Townsend and Keith Hallam) and H/Advisors Abernathy (led by Dan Scorpio). Morgan Stanley was advised by Latham & Watkins. JF Lehman was advised by Jones Day (led by Andy Levine). Apollo Global was advised by Barclays, Evercore, Goldman Sachs, Mizuho Securities, Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Brian Finnegan and Gregory Ezring) and Joele Frank (led by Jonathan Keehner). Debt financing was advised by Apollo Global Management, Inc., Barclays, Crédit Agricole CIB, Goldman Sachs and Mizuho Securities.
Chart Industries completed the acquisition of Howden from KPS Capital for $4.4bn.
Chart Industries, Inc., a manufacturer of highly engineered equipment servicing multiple applications, completed the acquisition of Howden, A Chart Industries Company, a provider of air and gas handling solutions, from KPS Capital Partners, a private equity firm, for $4.4bn.
"We are excited to welcome the Howden team to the Chart family and look forward to the combined business executing on record momentum and well-defined synergies. Since we announced the combination in November 2022, Chart has received numerous inbounds from customers that see the combined benefits we can offer," Jill Evanko, Chart CEO and President.
Howden was advised by Barclays, Evercore, J.P. Morgan, Morgan Stanley and Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Angelo Bonvino, Michael Vogel and Monica Thurmond). Chart Industries was advised by Bank of America, CMS (led by Dr. Tobias Grau) and Winston & Strawn LLP. KPS Capital was advised by Dentons (led by Stephen Levy and Nigel W.) and Stibbe (led by Eva Das and Rein van Helden).
Neptune Energy pushes on with $5bn sale as Eni talks cool.
Neptune Energy is moving ahead with plans for a sale after talks about a takeover by Italian energy group Eni stalled, Bloomberg reported.
The oil and gas explorer, which is backed by private equity firms The Carlyle Group and CVC Capital Partners, is working with advisers to gauge interest from other potential buyers. It's attracting interest from other firms in the energy industry.
Interested to find more? Sign up here to get full round up of your daily dose of blue-chip M&A news directly to your inbox.
You can access today’s complete newsletter here.