Data Analyst Katrin Kostadinova highlights the most significant financial and corporate legal deals announced or closed in the last week
Americas
We are marking another strong week for M&A deals in the United States.
To begin with, MuleSoft has been acquired by Salesforce for $5.9 billion. The target company connects enterprise applications across any cloud and on-premise. The merged functions of the newly formed company will accelerate the digital transformations – data across legacy systems can be unlocked, cloud devices will be further developed.
Moving to the oil and gas sector, TPG Pace Energy took over EnerVest oil and gas assets for $2.66 billion. The target company will continue operating its assets.
Finally, Fidelity National Financial has acquired Stewart Information Services in a $1.2 billion deal. Aim is to strengthen its commercial and residential insurance business.
Europe, Middle East and Africa (EMEA)
Uber Technologies has merged with Yandex.Taxi in a $3.8 billion deal in Russia. Uber now owns 36.9% of the combined business, which is valued at $1.4 billion.
In a cross-border deal between Germany and Luxembourg, Vonovia has undertaken a €2.1 billion four tranche bond issue. The issue consisted of €500 million 2.75% notes due 2038, €500 million 2.125% notes due 2030, €500 million 1.5% notes due 2026 and €600 million 0.45% notes due 2022.
The Africa Development Bank has issued $2 billion in senior notes. The 2.625% bonds are due 2021. This is the bank’s first public deal in 2018 after its November 2017 bond issue that was well oversubscribed.
Moving on to the United Kingdom, Standard Chartered has also undertaken a bond issue – the company has issued $1.75 billion senior notes. The issue consisted of $1.25 billion 3.885% notes due 2024 and $500 million 4.866% notes due 2033 and was under its $77.5 billion debt issuance programme.
In Italy, Enel Américas has received $1 billion financing from a banking syndicate, led by BNP Paribas and Credit Agricole, together with Citibank, JP Morgan and Sumitomo Mitsui.