Data Analyst Katrin Kostadinova highlights the most significant financial and corporate legal deals announced or closed in the last week
Americas
AbbVie has taken out $3 billion in new financing. The company works in the research-biopharmaceutical sector.
Adobe Systems is set to acquire Magento Commercein a $1.68 billion deal. This is Permira’s largest sale in nearly a decade. The deal will improve Adobe’s cloud business.
Blackstone intends to take over LaSalle Hotel Properties for $3.7 billion. The target and seller company has declined an offer from Pebblebrook Hotel Trust.
Fifth Third Bancorp has agreed to acquire MB Financial for $4.7 billion. The bank aims to expand its middle market customer base in Chicago.
GE transportation unit is set to merge with Wabtec in an $11.1 billion deal. Both companies will merge their transportation and rail manufacturing businesses.
IHS Markit's $1.855 billion acquisition of Ipreo is still pending and is expected to close in the second half of 2018. Ipreo is an operator in the financial services sector.
Total System Services has issued $1 billion in senior notes to repay existing debts. The issue consists of $550 million 4% notes due 2023 and $450 million 4.45% notes due 2028.
Asia-Pacific
Moving on to India, UltraTech is set to acquire Century’s cement business for $1.2 billion. The deal is part of UltraTech’s growth plan as the business will open new doors in the country.
Europe, Middle East and Africa (EMEA)
Starting with Ireland, Barclays intends to take over Lloyds Irish mortgage book for $5.4 billion. This is a latest string in a series of European bank deleveraging.
In Italy Bper Banca has undertaken a €2 billion NPL securitisation.
In Finland, CVC Capital Partners has agreed to acquire Mehilainen for $2.1 billion. The target company is one of the largest healthcare firms in the country.
A cross-border deal between Turkey and the United Arab Emirates has also taken place this week. Emirates NBD is set to acquire Denizbank for $3.2 billion. Seller was the Russian Sberbank. Aim of the deal is the establishment of Emirates as a leading bank in the Middle East, North Africa and Turkey.
Two major acquisitions occurred in Russia this week. Japan Tobacco is set to acquire Donskoy Tabak in a $1.6 billion deal. This is one of the largest consumer goods investments in Russia made by an international investor since 2014. Elsewhere Marathon Group has taken over an 11.8% stake in Magnit for $1.02 billion. Magnit is a food retailer and acquired the stake from VTB, Russia’s second largest bank.
Norddeutsche Landesbank has undertaken a €10 billion debt issuance programme update in Luxembourg. The updated programme enables the issuance of green mortgage bonds.
South Africa has issued $2 billion in senior bonds. The issue consists of $1.4 billion 5.875% notes due 2030 and $600 million 6.3% notes due 2048.