This week has seen some interesting deals in the M&A and capital markets sectors, starting with an acquisition in Mexico where CDPQ took over a majority stake in Enel Green Power’s 1.7 GW renewable plants for $1.35 billion. The deal will provide the acquirer with 300MW inalready installed capacity.
In the US, Express Scripts has acquired eviCore for $3.6 billion – a deal which helps the development of a medical benefits management service through different data-driven solutions. In the capital markets space, meanwhile, Hilton Worldwide Holdings has placed a $1.1 billion secondary offering. The hospitality company has offered 14,610,000 shares of common stock. Plains All American Pipeline has issued $800 million in 6.125% notes. Proceeds will be used for the repayment of outstanding debts and for general corporate purposes.
In Brazil, Rumo has also placed a R$2.6 billion share offer with 1.04 billion shares being offered. The issuer is the largest logistic company in the LatAm countries.
In the United Kingdom, Eurochem has received $750 million financing. The proceeds mature in five years and are for the refinancing of existing debts. Russian entities of the borrower company have guaranteed the funds.
Alpha Financial Markets Consulting, meanwhile, undertook an AIM IPO – raising £125 million, which led to the successful exit for Dunedin, a private equity sponsor.
Another IPO took place in Germany. Befesa, a metal recycling group, has undertaken a Frankfurt Stock Exchange IPO. After the offering, the company is to pay 40-50% net proceeds to investors.
A cross-border deal between Belgium and the United States was seen this week as bpost acquired Radial for $820 million. The deal will strengthen bpost’s market position as a strong e-commerce logistics solutions provider in the US and Europe.
Finally, in France Vivendi has issued €850 million 0.875% bonds due 2024, with the notes admitted to the Euronext Paris trading market.