Data Analyst Katrin Kostadinova highlights the most significant financial and corporate legal deals announced or closed in the last week
Americas
The first week of December has brought us some of the largest M&A deals of the year. In fact, the largest deal of year so far took place this week, as CVS took over Aetna in a $69 billion deal. Aetna will be separately operated through its existing leadership and CVS is expected to invest and further develop the company through new equipment and health clinics.
Elsewhere, the UnitedHealth Group, the largest US health insurer, acquired DaVita primary care unit for $4.9 billion. This is the company’s second acquisition this year, proving its fast growth.
In the manufacturing sector, Prysmian took over General Cable in a $3 billion deal. The buyer strengthens its position in North America through the Kentucky-headquartered firm and the deal is the latest in a row of successful acquisitions and mergers by Prysmian.
Another in the sequence of M&A deals taking place this week saw Atrium Innovations being acquired by Nestlé Health Science for $2.3 billion. Both companies share a common goal – helping people lead healthier lives. Atrium will become one of the leading vitamins and supplements suppliers.
And in the insurance sector, Cornell Capital and Atlas Merchant Capital have acquired Talcott Resolution from Hartford Financial Services Group for $2.05 billion. The deal seals the end of the firm’s life and annuity business.
Asia-Pacific
The one major deal coming out of the region this week saw the China Development Bank issuing a $500 million 2.75% green bond and a $1.16 billion 0.375% green bond. Proceeds from the two issues will be used for new and existing green industry projects.
Europe, Middle East and Africa (EMEA)
In the UK, the Cineworld Group has agreed to acquire the US-based Regal Entertainment Group for $3.6 billion. Once the deal is completed, it will create the world’s largest movie theater operator. This will allow Cineworld to take on AMC and compete with Netflix and Apple in the growing cinema sector.
Finally, Swedish private equity firm Nordic Capital has acquired German retirement home operator Alloheim for €1.1 billion from Carlyle, who had developed the home since it first bought the operator in 2013.