M&A Deal Flow 20181024


#dealwelove Kraft Heinz Co will sell part of its Indian business, including brands such as malt-based drink Complan and energy drink Glucon-D, for 45.95 billion rupees ($627.18 million), at a time when Indian consumers are demanding healthier, sugar-free alternatives.

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OTHER TOP M&A NEWS

** U.S. healthcare conglomerate Johnson & Johnson said it is acquiring all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion) in cash.

** National Bank (NBG), Greece’s second-largest lender will ask European Union competition authorities for more time to complete planned asset sales under an EU-approved restructuring plan, two bankers close to the matter said.

** Siemens and Alstom will receive a warning this week from European Union antitrust regulators that their plan to create a Franco-German rail champion will hurt competition, a person familiar with the matter said.

** Shares of Kenyan fuel marketer KenolKobil jumped 30 percent early after a takeover offer from French firm Rubis was made public, Refinitiv data showed.

** Endeavor Energy Resources LP is exploring a sale that could value the Texas-based privately held oil producer at more than $10 billion, a source familiar with the matter said.

** France and Italy moved closer towards a military shipbuilding alliance when state-controlled shipyards Naval Group and Fincantieri announced a 50-50 joint venture to bid for Franco-Italian warship projects and export to the world market.

** Freight forwarder DSV will no longer pursue its unsolicited offer for Swiss transport group Ceva Logistics , the Danish company said.

** German conglomerate Thyssenkrupp has hired Goldman Sachs, JP Morgan and Deutsche Bank as advisors in a planned spin-off of its capital goods business, a spokesman for Thyssenkrupp said.

** Spanish insurers Mapfre and Santa Lucia are mulling a merger of their funeral services businesses, hoping to take advantage of growing demand and stable cash-flows to create the Spanish market leader, three sources with knowledge of the deal said.

** Saudi Aramco Chief Executive Officer Amin Nasser said that anti-trust regulations abroad will mean that the company’s planned acquisition of a stake in Saudi Basic Industries Corp (SABIC) will take time.

** Turkey’s Yildiz Holding has launched the sale of Godiva chocolate’s Japanese business with the first round of the auction set to close early next month, sources said.

** AstraZeneca is ploughing deeper into cancer immunotherapy through a wide-ranging deal with Innate Pharma , which includes the British group buying a 9.8 percent stake in the French biotech company.

 

 

M&A IN Pipeline 20181009


Private Equity

DEAL OF THE DAY:  Barnes & Noble’s future as a takeover target is more mystery than romance. The U.S. bookstore’s founder Leonard Riggio, who owns just shy of 20 percent of the company, wants to take the struggling $485 million chain private. Even with conservative assumptions, a leveraged buyout – at least on paper – could do well. The key is to cook up a decent ending. (Compiled by Aakash Jagadeesh Babu in Bengaluru)

** Western Australia state will sell its horse-race betting business and levy a new tax on foreign bookmakers, the state treasurer said.

** Lactalis, the world’s largest dairy firm, said it had agreed to buy the chilled dairy business of Nestle in Malaysia in a deal worth about $40 million.

** Poland’s state-run fund PFR has agreed to buy back its mountain cable car operator PKL from private equity fund Mid Europa Partners for an undisclosed sum.

** Swiss specialty chemicals maker Clariant expects to raise 1 to 2 billion Swiss francs ($2.01 billion) from selling portions of its plastics and coatings business, Chief Executive Hariolf Kottmann said in an interview with the Tages-Anzeiger newspaper.

** Nelson Peltz’ Trian Fund Management LP is evaluating a takeover bid for Papa John’s International Inc, the Wall Street Journal reported, citing people familiar with the matter.

** Chinese gaming and social media firm Tencent Holdings Ltd paid $180 million for an undisclosed minority stake in Brazilian financial technology company Nu Pagamentos SA, both companies said.