Data Analyst Katrin Kostadinova highlights the most significant financial and corporate legal deals announced or closed in the last week
Americas
Beginning in Brazil, Dutch company Paper Excellence’s R$15 billion offer - nearly R$8 billion of which is to cover debt - for pulp-maker Eldorado has been accepted by the company’s holding company J&F Investimentos.
In Canada, Canadian Natural Resources has reached an agreement to acquire Cenovus Energy's Pelican Lake oil project for C$975 million.
Moving to the US, United Technologies has reached an agreement with Rockwell Collins’ shareholders to take over the business for $30 billion (including debt) in a cash and share deal. Both businesses design aviation technology, with the latter focused on aerospace.
Royal Adhesives & Sealants is on course to buy HB Fuller, having signed a $1.58 billion agreement with its current private equity owners. The acquirer intends to fund the deal with debt financing.
SoftBank Group is set to invest $1 billion in Fanatics, a sports e-commerce business.
Teleflex has agreed to acquire urology treatment manufacturer NeoTract in a deal which could reach $1.1 billion depending on future earnings.
Europe, Middle East, and Africa (EMEA)
In Finland, Rovio – maker of Angry Birds – has announced plans to launch its IPO on Nasdaq Helsinki.
In France, the country’s government has sold 4.5% in Engie for €1.53 billion, with the proceeds going to the state's innovation fund.
In Germany, US pharma company Merck & Co has agreed to buy Rigontec, a German biotech company, for €464 million.
In Luxembourg, Legend Holdings is set to complete the biggest takeover of a European deposit taking bank by a Chinese entity ever after agreeing an $1.8 billion fee for 90% of domestic lender Banque Internationale a Luxembourg.
In the Netherlands, Koninklijke Philips has issued €1 billion senior notes, which consisted of €500 million floating rate notes due 2017 and €500 million 0.5% notes issues due 2023. Proceeds from the offering will be used to repay a bridge loan used for financing the acquisition of The Spectranetics Corporation.
In Russia, domestic oil major Rosneft and CEFC China Energy Company have signed a joint exploration agreement relating to Siberia. The deal is part of Rosneft’s programme to strengthen connections with Asia-Pacific and China.
Lastly, to the UK, where Aveva Group has agreed to merge with French competitor Schneider Electric's software business. Schneider will own approximately 60% of the new entity, which has a projected value of £3 billion.
Also in the UK, a private equity consortium led by Centerbridge Partners is set to acquire Sompo Canopius for £735 million.