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Abbott is to acquire St Jude Medical, creating a medical device specialist with top positions in high-growth cardiovascular markets, including atrial fibrillation, structural heart and heart failure as well as a leading position in the high-growth neuromodulation market.
Under the agreement, St Jude Medical shareholders will receive USD46.75 in cash and 0.8708 shares of Abbott common stock, representing total consideration of approximately USD85 per share. At an Abbott stock price of USD43.93(2), this represents a total transaction equity value of USD25 billion. The combined company will have an industry-leading pipeline expected to deliver a steady stream of new medical device
TPG Growth, the middle market and growth equity investment platform of TPG, has closed its acquisition of Frank Recruitment Group (FRG), a global staffing and recruiting business focused exclusively on the enterprise software market.
TPG Growth acquired a majority stake in FRG from its founders and UK-based mid-market private equity firm Livingbridge. Livingbridge invested in the Company in 2013 to help it continue to diversify and expand globally.
“We are immensely proud to partner with TPG Growth. They have a history of anticipating trends in technology and investing in some of the most innovative and transformative companies in the world,”
Seabury Group’s recently formed Seabury Global Markets (SGM) entity has made an initial investment and entered into a multi-year, strategic relationship with Spotex, an FX ECN focused on improving foreign exchange and precious metals trading for both buy and sell-side participants.
The new agreement follows the January 2016 announcement of a Joint Product Offering, in which the companies agreed to combine certain products and work together to expand each other’s client base. SGM intends to help develop certain Spotex technology and further grow Spotex’s distribution footprint as part of the Seabury Group of companies.
“We are excited to build on
Following the Bank of Japan's decision today to hold monetary policy steady, Lisa Yano, corporate transactional partner at Hogan Lovells in Tokyo, comments on the impact on both the Japanese domestic market and outbound M&A…
It seems the Bank of Japan has surprised everyone by deciding not to do any further easing at this time, while acknowledging continued weakness in the economy and pushing out the date for hitting the 2 per cent inflation target. This decision may perpetuate the strengthening of the yen that we have seen in the wake of the BOJ's introduction of negative interest rates in January
Fidelity Institutional has expanded its alternative investments platform, which will now provide access to a wide range of private equity funds for all Fidelity Institutional clients.
Fidelity’s alternative investments platform, launched in October 2013, provides research, education and third-party due diligence, as well as access to a wide range of alternative investment products. This expansion of the platform provides financial advisors and family office professionals with increased access to private equity funds through a new strategic relationship with iCapital Network and expanded relationships with CAIS and Goldman Sachs Asset Management (GSAM).
“Delivering increased access to private equity has been a
Ron Hovsepian, president and CEO of Intralinks, takes a look at the EU-US Privacy Shield debacle and evaluates what businesses need to know in this byline.
Please click here to continue reading.
Boodle Hatfield has promoted Rahul Thakrar to Partner. The promotion takes effect from 1 May 2016.
Thakrar is a Partner in Boodle Hatfield’s Corporate team. His clients include investors, entrepreneurs and private businesses in a variety of sectors ranging from real estate to technology. He has a particularly strong practice in advising on corporate real estate M&A transactions and joint ventures.
Boodle Hatfield’s Corporate team has for the past four years been ranked by the independent research directory The Legal 500 as a ‘top tier’ firm for M&A deals (up to GBP50 million). Clients of the team include family offices,
Nordic Capital Fund VII has sold its remaining shares in Thule Group AB (Thule). Following the sale, Nordic Capital Funds no longer hold any shares in Thule, after a nine-year holding period under which Thule has been transformed and developed into a consumer-oriented global leader in products for an active and mobile lifestyle.
“It has been rewarding to follow and support Thule’s journey to the modern and international consumer company it is today. Through support during rough patches and a strategy that has involved both investing in new business areas and divesting others, Thule is now a strong, profitable and
Growth in UK early-stage M&A activity has slowed to just 3 per cent year-on-year compared to over 14 per cent in the last quarter of 2015 due to uncertainty surrounding the results of the forthcoming EU referendum.
That’s according to the latest Intralinks Deal Flow Predictor (DFP) report released by Intralinks Holdings, a provider of software and services for managing M&A transactions. The findings of the Intralinks DFP are also reflected in the results of the latest Intralinks Global M&A Sentiment Survey, which polled 1,500 global dealmakers, including 135 in the UK, in April 2016. Seventy seven per cent of
UK private equity has made a slow start in the first quarter of 2016, following the highest number of buy-outs since 2007, according to figures published by the Centre for Management Buyout Research (CMBOR) at Imperial College Business School.
The latest research, sponsored by Equistone Partners Europe Limited, shows that after positive growth in 2015, buy-outs in the UK were negatively affected by the turmoil in global markets at the start of this year. The first quarter reached the lowest total value since the end of 2009.
In 2015 there was GBP21.1 billion invested in UK buy-outs – the
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