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Frontier Communications to sell $1bn fiber-backed bond.
Ramsay, Sime Darby tap BofA, Deutsche to sell $1.3bn Selangor.
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TPG , a private equity investment firm, agreed to acquire Nextech Systems , a healthcare technology solution provider, from THL Partners , a private equity firm, for $1.4bn.
“Nextech’s goal is to simplify the healthcare experience so physicians can focus on what matters most: their patients. In TPG, we have found a partner who supports our mission to simplify the process of delivering excellent care and who brings to our organization distinct experience building businesses in the healthcare and software sectors. We’re excited to work together to grow our capabilities and strengthen our position as the end-to-end technology platform for specialty care providers,” Bill Lucchini, Nextech CEO.
TPG is advised by Guggenheim Partners , TripleTree , UBS and Ropes & Gray LLP . Thomas H. Lee is advised by Jamieson Corporate Finance , Raymond James , Kirkland & Ellis and William Blair .
Bain Capital has increased its offer for SoftwareOne to about $3.7bn, after an earlier bid was rejected by the IT services provider's board, Bloomberg reported.
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The private equity firm has tabled a new proposal of around $22.4 per share. That's around a 44% premium to SoftwareOne's closing price on May 30, the last trading day before Bain submitted its initial indicative offer of $20.7 a share.
SoftwareOne is advised by J.P. Morgan and FGS Global .
Keppel Ltd. , a company consists of several affiliated businesses that specialises in offshore and marine, property, infrastructure and asset management businesses, completed the acquisition of the Sogong Annex Facility from Bank of Korea , a central bank of the Republic of Korea, for $1.1bn.
“Keppel is excited to continue contributing to the renewal of Seoul’s urban landscape. Similar to how we are refurbishing Samhwan Building, acquired last year jointly with Keppel’s private funds, we will leverage digital technologies to retrofit and future-proof the Sogong Annex Facility. We will also be incorporating features such as a high-performance building facade, efficient cooling and heating systems, as well as LED lighting systems to enhance the building’s sustainability performance and indoor environmental quality. We are confident that the attractiveness and overall value of the asset will be greatly enhanced when refurbishment works are completed,” Louis Lim, Keppel CEO of the Real Estate Division.
Frontier Communications to sell $1bn fiber-backed bond.
Frontier Internet Parent, a telecommunications company, is planning to offer a $1bn bond deal that will repackage revenue from its secured fiber network, the latest in a string of companies trying to capitalize on fiber, Bloomberg reported.
Frontier's bonds, which will qualify as green, will be backed by some of its fiber assets and associated customer contracts in the Dallas area. It will use the bond proceeds to repay existing debt and for general corporate purposes, including investments as part of its fiber expansion. The company may increase the size the offering, depending on market conditions.
Ramsay, Sime Darby tap BofA, Deutsche to sell $1.3bn Selangor.
Australia's Ramsay Health Care and Malaysia's Sime Darby have hired Bank of America and Deutsche Bank to sell their $1.3bn healthcare joint venture, Reutersreported.
The companies could launch the sale of Selangor, Malaysia-based Ramsay Sime Darby Healthcare (CLOSED) within the next two months depending on market conditions.
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