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Abu Dhabi consolidates real estate assets under $12bn firm.
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Apollo Global Management, Inc. , a high-growth, global alternative asset manager, completed the acquisition of Univar Solutions , a global specialty chemical and ingredient distributor, for $8.1bn.
"We are excited to partner with David and the talented Univar Solutions team to build on the Company's strong foundation and track record of innovation, leveraging our extensive industry experience. We have strong conviction in Univar's potential and look forward to embarking on a number of exciting initiatives to help accelerate the Company's growth," Sam Feinstein, Apollo Partner.
Univar Solutions was advised by Deutsche Bank , Goldman Sachs , Wachtell, Lipton, Rosen & Katz (led by Andrew Brownstein and John Robinson ) and Joele Frank (led by Matthew Sherman ). Financial advisors were advised by Cleary Gottlieb Steen & Hamilton LLP (led by James Langston) and Ropes & Gray LLP . ADIA was advised by Cleary Gottlieb Steen & Hamilton LLP . Apollo was advised by BMO Capital Markets , BNP Paribas , Credit Suisse , Guggenheim Partners , HSBC , J.P. Morgan , Mizuho , RBC Capital Markets , Wells Fargo , Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Taurie Zeitzer and Justin Rosenberg) and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Brian Egan ).
Private equity firms Francisco Partners and TPG agreed to acquire New Relic , a US-based Web tracking and analytics company, for $6.5bn.
"Ever since our founding over 15 years ago, New Relic has created and delivered groundbreaking innovations, with a maniacal focus on delivering a leading observability platform to help our customers deliver better software faster. We are pleased to partner with Francisco Partners and TPG, who are committed to continuing to build upon New Relic's strong foundation and achieve its full potential," Lew Cirne, New Relic Founder and Executive Chairman.
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New Relic is advised by Qatalyst Partners , Freshfields and Latham & Watkins (led by Tad Freese and Mark Bekheit ). Francisco Partners and TPG are advised by Goldman Sachs , J.P. Morgan , Moelis & Company , Morgan Stanley , Davis Polk & Wardwell LLP (led by Oliver Smith and Darren Schweiger ), Kirkland & Ellis , Paul Hastings and Sloane & Company (led by Whit Clay ).
e& , an Emirati-based multinational telecommunications services provider, agreed to acquire Bulgaria, Hungary, Serbia and Slovakia assets of PPF Group , an international diversified investment group, for €2.5bn ($2.75bn).
"As e& continues on its path to be a leading global technology group, our priority remains focused on expanding our customer base and providing them with more digital services, both for consumers and enterprises. This exciting partnership with PPF Group in Bulgaria, Hungary, Serbia, and Slovakia exemplifies our commitment to seeking new opportunities for collaboration and investment opportunities that will further accelerate our expansion," Hatem Dowidar, e& Group CEO.
e& is advised by J.P. Morgan .
Coca-Cola Europacific Partners , an independent Coca-Cola bottler, and Aboitiz Group Equity Ventures, an investment management firm, agreed to acquire Coca-Cola Beverages Philippines , a company that is engaged in the bottling and distribution of Coca-Cola products, for $1.8bn.
“Today, we are excited to announce the proposed joint acquisition of Coca-Cola Beverages Philippines with Aboitiz Equity Ventures, one of the leading conglomerates in the local market. This offers us a great opportunity to acquire an established, well-run business with attractive profitability and growth prospects," Damian Gammell, CCEP CEO.
CCEP is advised by Rothschild & Co , Slaughter and May and Villaraza & Angangco .
Abu Dhabi consolidates real estate assets under $12bn firm.
Abu Dhabi is consolidating key real estate assets under one entity, creating a $12bn property giant to help bolster the emirate’s economic transformation efforts, Bloomberg reported.
As part of the deal, sovereign wealth fund ADQ and the emirate’s most valuable listed firm, International Holding Company (ADX:IHC) , will combine their shareholdings in Modon Properties as well as ADQ’s stake in Abu Dhabi National Exhibitions into real estate firm Freelancer .
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