It has been an intense week for M&A work especially in the Americas.
Starting in Canada – Innergex Renewable Energy has acquired Alterra Power for C$1.1 billion. The power producing company found a way to expand its services through this deal.
Moving on to the United States, Lennar took over the CalAtlantic Group in a $9.3 billion deal that included $3.6 billion of net debt in the overall price. The newly formed company will be the country’s largest homebuilder.
Corporate financial Duff & Phelps was acquired by Permira for $1.75 billion, though the target will continue leading the business.
For-profit education providers Strayer Education and Capella Education have announced a $1.9 billion merger, with Shareholders of Strayer taking a 52% share in the new company. Both institutions will continue operating separately but will gradually expand their level of efficiency, enabling more innovations and improvements.
Elsewhere, Texas-based Vistra Energy has acquired Dynegy for $1.7 billion. The newly merged entity will be valued at more than $20 billion and will serve approximately 2.9 million customers with its 40 gigawatts of generating capacity.
An interesting merger between AkzoNobel and Axalta Coating Systems has taken place this week in a cross-border deal between the Netherlands and the US. The merger will not affect Akzo’s plans to sell its chemicals business. The merger will form a $30 billion company.
Emaar Development, in the UAE, has undertaken an IPO – the company is selling 20% of its real estate business through an 800 million-shares offer. There will be another 40 million shares held by the Emirates Investment Authority.
Swiss pharmaceutical giant Novartis has acquired Advanced Accelerator Applications for $3.9 billion in another cross-border deal, this time between France and the US. The newly acquired services will help Novartis develop a new cancer treating platform.
Finally, in Ghana the Port of Tema has continued its development project through a new $1.5 billion expansion plan. Meridian Port Services are granting a new 97.6-hectare port platform for the scheme.