MergerLinks

James Hardie, a global building materials company and a manufacturer of fibre cement products, agreed to acquire The AZEK Company, a manufacturer of wood decking, pergolas and outdoor living products, for $8.75bn, according to press releases. You can submit deals you were involved with here: https://lnkd.in/d_Firwmh AZEK Company is advised by Goldman Sachs, Wachtell, Lipton, Rosen & Katz (led by Mark Gordon, Mark Stagliano and Benjamin Roth) and Collected Strategies (led by Jim Golden). James Hardie is advised by Bank of America, Jefferies, Gilbert + Tobin, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, Joele Frank (led by Ed Trissel and Arielle Rothstein) and Sodali & Co (led by Jack Gordon), according to press releases and MergerLinks data. #MergersAcquisitionsDivestitures #Manufacturing #Cement

MergerLinks announces 2024 Top PR Consultants in EMEA! Congratulations to the shortlist of the laureates: Charles Chichester, James Murgatroyd, Oliver Mann, Edward Simpkins, Simon Sporborg, Faeth Birch, Auro Palomba, Nick Cosgrove, Luca Barabino and Susanna Voyle. https://lnkd.in/dtpb7ZA4 Explore other rankings by following the link: https://lnkd.in/eYHcGE5 #MergersAcquisitionsDivestitures #Corporate #PublicRelations

VICE Media, a company specializing in global media and entertainment, completed the acquisition of London Alley Entertainment, a Los Angeles-based production studio focused on commercials, music videos, and digital IP. Financial terms were not disclosed, according to press releases. You can submit deals you were involved with here: https://lnkd.in/d_Firwmh London Alley (led by Luga Podesta and Brandon Bonfiglio) was advised by Venable LLP (led by Thomas E. (Ted) Keim Jr.). VICE Media (led by Bruce Dixon) was advised by American Discovery Capital, according to press releases and MergerLinks data. #MergersAcquisitionsDivestitures #Production #Entertainment

Welcome to MergerLinks Daily Review, your daily dose of M&A news before your morning coffee. Subscribe now and never miss a beat with MergerLinks. Lawyers mentioned: Damien Specht PR Advisors mentioned: Ryan FitzGibbon #MergersandAcquisitions #FinancialServices #Corporate

Sarath Ratanavadi, Thailand's wealthiest individual and CEO of Gulf Energy Development Public Company Limited, has increased his stake in KASIKORNBANK to 3.25%, amounting to 77m shares valued at approximately $370m. This acquisition positions Gulf Energy as the fifth-largest shareholder in Kasikornbank, one of Thailand's leading commercial banks. The move aligns with Gulf Energy's strategy to diversify its investments beyond the energy sector, reflecting a broader trend among Thai conglomerates seeking growth opportunities in the financial industry. #MergersAcquisitionsDivestitures #Banking #Thailand

Iveco Group is exploring the sale of its defense division, IVECO DEFENCE VEHICLES, aiming for a valuation of up to €1.5bn ($1.6bn). This move comes amid increased European defense spending, boosting interest in military assets. Potential buyers include Leonardo, the Italian state-controlled defense group, which may partner with Germany's Rheinmetall for the bid. Other interested parties are the Franco-German joint venture KNDS France and UK defense company BAE Systems. Iveco is also considering interest from private equity firms. Previously, Iveco had contemplated spinning off IDV to streamline operations and enhance flexibility. However, the current strategy leans towards a direct sale to capitalize on the heightened demand for defense assets. #MergersAcquisitionsDivestitures #Defence #Vehicles

Legend Holdings is considering selling its 90% stake in Banque Internationale à Luxembourg (BIL), Luxembourg's oldest private bank. The company is collaborating with Goldman Sachs on this potential sale, which could value BIL between €2.5bn and €3bn ($2.71bn to $3.25bn). This potential sale aligns with a trend of Chinese companies divesting European financial assets. Earlier this month, China's GEELY sold its stake in Saxo Bank to Swiss private bank J. Safra Sarasin, and last year, Fosun 复星 sold its stake in Belgian insurer Ageas Group and planned a listing of its Portuguese insurance company Fidelidade. #MergersAcquisitionsDivestitures #Financial #Banking

A US court officer overseeing the auction of shares in PDV Holding, the parent company of Venezuela-owned CITGO, has recommended accepting a $3.7bn bid from Red Tree Investments, an affiliate of Contrarian Funds, as the initial bid for a new round of bidding. The federal court in Delaware is conducting this auction to address up to $21.3bn owed to 18 creditors due to Venezuela's debt defaults and expropriations. Four potential "stalking horse" bids were received by the March 7 deadline, with Red Tree's proposal comprising $3.24bn in cash and $458m in non-cash considerations. Analysts consider this bid low, given Citgo's market valuation exceeding $10bn. A subsequent topping-off period may lead to higher offers. The court's final hearing on the sale process is scheduled for July. #MergersAcquisitionsDivestitures #Fuels #Industrial

Regent, L.P., a private equity firm, completed the acquisition of Foundry, a provider of media, event services, marketing technology, and intent data for B2B technology marketers, from IDG (International Data Group), a market intelligence and data company. Financial terms were not disclosed, according to press releases. You can submit deals you were involved with here: https://lnkd.in/d_Firwmh IDG (led by Genevieve Juillard) was advised by Centerview Partners and Simpson Thacher & Bartlett LLP (led by Anthony Vernace and William Allen), according to press releases and MergerLinks data. Foundry is led by Michael Finnerty. Regent is led by Michael R.. #MergersAcquisitionsDivestitures #Marketing #Media

MergerLinks announces 2024 PR Consultants in North America! Congratulations to the shortlist of the laureates: Jonathan Doorley, Matthew Sherman, Jim Barron, Ed Trissel, Lynch, Tim, John Christiansen, Andrew Brimmer, Kal Goldberg, Andrew Siegel and Todd Fogarty. https://lnkd.in/gWnm6vju Explore other rankings by following the link: https://lnkd.in/eYHcGE5 #MergersAcquisitionsDivestitures #Corporate #PR