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Toshiba says working with JIP to 'quickly complete' $15.2bn buyout. 

TPG to acquire Angelo Gordon for $2.7bn. 

HEICO to acquire Wencor Group from Warburg Pincus for $2.05bn. 

Blackstone, Thomson Reuters consortium looks to sell further $3bn in LSEG shares. 

Buyout firms bid around $2bn for German football rights. 

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Toshiba says working with JIP to 'quickly complete' $15.2bn buyout. 

Toshiba is working with Japan Industrial Partners to quickly complete a $15.2bn buyout by the private equity firm, as the industrial conglomerate forecast another year of weak earnings, Reuters reported.

"The management team concluded there was an expectation that the transaction would help the company build a stable management base" and "is therefore working with JIP to quickly complete the transaction", Toshiba.

Toshiba is advised by J.P. Morgan , Mizuho , Nomura , UBS , Morrison Foerster , Nagashima Ohno & Tsunematsu , Nishimura & Asahi , White & Case LLP and Kekst CNC (led by  Jochen Legewie ). JIP is advised by Crosspoint Advisors , Davis Polk & Wardwell LLP (led by  Ken Lebrun ), Hengeler Mueller (led by  Thomas Meurer ), Shearman & Sterling LLP (led by  Derek Kershaw Simon Letherman  and  Etienne Gelencser ), Slaughter and May (led by Richard Hilton and  Edward Fife ) and TMI Associates .

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TPG to acquire Angelo Gordon for $2.7bn. 

TPG , a global alternative asset management firm, agreed to acquire TPG Angelo Gordon , an alternative investment firm focused on credit and real estate investing, for $2.7bn.

"This strategic transaction meaningfully expands our investing capabilities and broadens our product offering. The addition of Angelo Gordon also underscores our continued focus on growing and scaling through diversification, while driving long-term value for our shareholders. Following more than a year of building relationships between the leadership teams of both organizations, we are confident the combination represents a strong strategic and cultural fit and will create additional opportunities for employees of both firms. We look forward to welcoming the Angelo Gordon team as we execute on our shared vision," Jon Winkelried, TPG CEO.

Angelo Gordon is advised by Goldman Sachs , Piper Sandler , Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by  Marco Masotti Steven Williams Samuel Welt  and  Maury Slevin ) and Gasthalter & Co. LP (led by  Amanda Shpiner  and  Nathaniel Garnick ). TPG is advised by Ardea Partners , J.P. Morgan , Morgan Stanley , Cleary Gottlieb Steen & Hamilton LLP , Davis Polk & Wardwell LLP , Shearman & Sterling LLP (led by  John Cannon  and  Gillian Emmett Moldowan ) and Weil, Gotshal & Manges LLP (led by  Harvey Eisenberg  and  Brian Parness ).

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HEICO to acquire Wencor Group from Warburg Pincus for $2.05bn. 

HEICO , a company engaged primarily in the design, production, servicing and distribution of products and services, agreed to acquire WENCOR , a commercial and military aircraft aftermarket company, from Warburg Pincus LLC , a private equity firm, for $2.05bn.

"I am excited about the opportunity to combine HEICO and Wencor's impressive teams who share the same culture and commitment to our customers, suppliers and employees. The unmatched combination will further accelerate growth, innovation, and development of highly reliable cost-saving solutions for our customers. I am proud of our team's achievements to date and look forward to continuing our journey of growth with HEICO. I want to thank the Warburg Pincus team for their support and partnership that has helped enable our success," Shawn Trogdon, Wencor CEO.

Wencor is advised by Alderman & Company® , Citi , Jefferies , William Blair and Cleary Gottlieb Steen & Hamilton LLP . HEICO is advised by Lazard , Moelis & Company , Morgan Stanley , RBC Capital Markets , Truist Securities , Akerman LLP (led by  Jonathan Awner ) and Paul, Weiss, Rifkind, Wharton & Garrison LLP .

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Blackstone, Thomson Reuters consortium looks to sell further $3bn in LSEG shares. 

An investor consortium including US buyout firm Blackstone and Thomson Reuters , the publisher of Reuters News, is looking to sell around $3bn worth of shares in the LSEG (London Stock Exchange Group) .

The accelerated stock offering, unveiled after the market close, includes some 28m shares representing a voting interest of approximately 5.5% in the market infrastructure group. Indicated demand from investors currently exceeds the size of the offer, one of the investment banks running the sale said shortly after the deal launch. The news follows an earlier sale of more than $2bn shares in March by Blackstone and Thomson Reuters, which became LSEG shareholders when they sold financial data firm Refinitiv to the bourse operator in 2021, Reuters reported. 

The consortium is advised by J.P. Morgan , Bank of America , Barclays and Citi .

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Buyout firms bid around $2bn for German football rights. 

Private equity firms have bid roughly €1.8bn ($2bn) for a stake in the media rights business of the Bundesliga International GmbH , Germany’s main football competition, Bloomberg reported. 

Officials at governing body DFL Deutsche Fußball Liga told clubs in recent days they received four bids for a 12.5% stake in the new unit which ranged from around €1.75bn ($1.9bn) to €1.85bn ($2bn). The offers assumed the business will receive proceeds from the domestic and international broadcasting rights of Germany’s top professional football teams for 20 years.

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