IN Pipeline 20181020


Investor Network by JD

DEAL OF THE DAY:  Norwegian Energy Company (Noreco) plans to acquire offshore assets on Britain’s continental shelf in 2019, following its purchase of Shell’s upstream oil and gas licenses in Denmark, its chairman told Reuters.

20 PLUS OTHER DEALS

** Novartis AG will acquire U.S.-based cancer drugmaker Endocyte Inc for $2.1 billion in cash as the Swiss drugmaker expands its radiopharmaceuticals business, the companies said.

** Private equity giant Blackstone Group has quite a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group’s A$3.35 billion ($2.4 billion) bid.

Blackstone

** Linde said it had no knowledge of its planned merger with Praxair being given the green light, denying a media report which said the deal had passed anti-trust hurdles in the United States.

** Acadia Healthcare Co Inc, a U.S. operator of behavioral health centers, is in talks with private equity firms about selling itself after attracting buyout interest, people familiar with the matter told Reuters.

** Italian construction company Salini Impregilo is looking at the assets of troubled builder Astaldi but any eventual deal must happen soon, a source close to the company said.

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IN Pipeline 20181018 M&A


DEAL OF THE DAY: Event technology giant Cvent on Tuesday announced it bought Social Tables, the Washington, D.C.-based event technology platform founded by Dan Berger in 2011. The value of the transaction was not disclosed, but pegged by Washington Business Journal as more than $100 million.

OTHER NOTABLE DEALS

** Novartis AG will acquire U.S.-based cancer drugmaker Endocyte Inc for $2.1 billion in cash as the Swiss drugmaker expands its radiopharmaceuticals business, the companies said.

** Private equity giant Blackstone Group has quit a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group’s A$3.35 billion ($2.4 billion) bid.

** Linde said it had no knowledge of its planned merger with Praxair being given the green light, denying a media report which said the deal had passed anti-trust hurdles in the United States.

Continue reading “IN Pipeline 20181018 M&A”

M&A IN Pipeline 20181005


mergers

DEAL OF THE DAY:  North American drilling contractor Precision Drilling Corp said it would buy Trinidad Drilling Ltd in a deal valued at C$1.03 billion ($796 million), trumping a hostile bid from rival Ensign Energy Services.

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website or venture capital firm for a press release as this is a beta blog that does not update information.

MORE DEALS:

Blackstone

** BackBlstone Group LP said it has agreed to acquire life sciences investment firm Clarus, in an effort by the world’s largest alternative asset manager to scale up its investments in healthcare.

** Intu Properties shares jumped more than 27 percent on Friday, lifted by news of a potential cash takeover offer for the business as it grapples with a downturn in Britain’s bricks-and-mortar retail sector.

** Russian farming conglomerate Rusagro said it had acquired the rights to purchase a controlling interest in Quartlink Holding Limited which owns the holding company Solnechnye Producty.

** Steinhoff’s Mattress Firm Inc, the largest U.S. mattress retailer, has filed for voluntary bankruptcy protection, giving it breathing room to restructure and shore up its finances as its South African parent company fights for survival.

** Italy’s Salini Impregilo is working with Bank of America Merrill Lynch and advisers Vitale & Co on options for a possible full or partial takeover of troubled builder Astaldi, sources close to the matter said.

** Italian broadcaster Mediaset and infrastructure fund F2i successfully took over Italian masts group EI Towers as investors tendered shares equivalent to 97.45 percent of its capital, preliminary data published by the Milan bourse showed.

** Egypt has signed an agreement with three banks to manage the sale of a 24 percent stake in state oil company Engineering for Petroleum and Process Industries (ENPPI) on the Egyptian stock exchange, the petroleum ministry said.

** Hootsuite Inc, a Canadian company that describes itself as the world’s most widely used platform for managing social media, is exploring a sale that could value it at more than $750 million, people familiar with the matter said. (Compiled by John Benny and Soundarya J in Bengaluru)