MERIDIAN WEEKLY

LevFin · TMT · €6.2bn

Apple Issues $7 Billion in Bonds Amid Big Tech Debt Wave

Apple has issued $7 billion in bonds as part of a broader wave of debt issuances by major technology companies seeking to capture liquidity. Big tech giants have collectively launched operations to capture close to $400 billion.

Source: Cinco Dias

M&A · Industrials · €4.8bn

China blocks SoftBank’s $5.4bn takeover of ABB’s robotics division

China has blocked SoftBank’s proposed $5.4bn acquisition of ABB’s robotics division. The Swiss-Swedish engineering unit has a heavy operational focus on the Chinese market, including a mega-factory located in Pudong.

Source: Financial Times

M&A · Energy & Renewables · €3.8bn

CVR Energy Acquires Two US Refineries for $4.2 Billion

CVR Energy is acquiring two US refineries in a transaction valued at $4.2 billion. The deal was reported by Axios.

Source: Deal Reporters

LevFin · Real Estate · €3.8bn

Merlin Secures €3.75bn Syndicated Financing to Expand Data Centre Portfolio

Merlin has restructured its debt by signing a €3.75bn syndicated financing agreement. The facility will allow the company to extend its debt maturity dates and execute its growth plan focused on data centres.

Source: Expansion

M&A · Healthcare · €2.6bn

Cinven to acquire Theramex for €2.6bn from Carlyle and PAI Partners

Cinven has agreed to buy women's health and menopause specialist Theramex from Carlyle and PAI Partners for €2.6bn. The transaction values the business at more than double what the selling private equity firms paid four years ago.

Source: Financial Times

M&A · TMT · €2.4bn

Salesforce Acquires Target in $2.7 Billion Deal

Salesforce continues its acquisition strategy with a new buyout valued at $2.7 billion. The transaction adds to the software giant's growing portfolio of technology assets.

Source: Deal Reporters

M&A · Consumer · €2.3bn

Cinven Sells Spanish Burger King Operator for €2.33 Billion

Cinven has agreed to sell Restaurant Brands Europe, the owner of Burger King in Spain, for a value of 2,330 million euros. The buyers are a group including its current president Gregorio Jiménez, the family office of Ignacio Sánchez Galán, and food group Costa.

Source: Cinco Dias

M&A · Consumer · €2.2bn

JD.com Cleared by Brussels to Acquire Ceconomy

Chinese retail giant JD.com has been cleared by Brussels to buy Germany’s Ceconomy in a €2.2bn deal. The European Commission approved the acquisition of the MediaMarkt owner despite finding that JD.com benefited from state subsidies.

Source: Financial Times

LevFin · Real Estate · €3.8bn

Merlin Secures €3.75bn Syndicated Financing to Expand Data Centre Portfolio

Merlin has restructured its debt by signing a €3.75bn syndicated financing agreement. The facility will allow the company to extend its debt maturity dates and execute its growth plan focused on data centres.

Source: Expansion

M&A · Consumer · €2.3bn

Cinven Sells Spanish Burger King Operator for €2.33 Billion

Cinven has agreed to sell Restaurant Brands Europe, the owner of Burger King in Spain, for a value of 2,330 million euros. The buyers are a group including its current president Gregorio Jiménez, the family office of Ignacio Sánchez Galán, and food group Costa.

Source: Cinco Dias

M&A · Consumer · €500m

Acesur and Dcoop Win Auction to Acquire Deoleo

Spanish companies Acesur and Dcoop have won the auction to acquire olive oil producer Deoleo, owner of Carbonell. Main shareholders CVC and Alchemy opted for the 100% Spanish offer over proposals from Italy's Coricelli and Spain's Migasa. The transaction values the company at …

Source: Expansion

LevFin · TMT · €375m

Cellnex and EIB Sign €375 Million Loan to Accelerate 5G Deployment in Europe

Cellnex and the European Investment Bank have signed a €375 million loan agreement to accelerate 5G infrastructure development. The operation will mobilize a total of €770 million in investments to expand telecommunications infrastructure across Spain, France, Italy, and Portu…

Source: Cinco Dias

LevFin · Industrials · €200m

Ebro Secures €200 Million Financing from China's Eximbank for Barcelona Plant

Spanish automotive company Ebro has finalized a 200 million euro financing agreement with the Chinese bank Eximbank. The funds are earmarked for a new paint facility and international expansion lines at its Barcelona plant.

Source: Expansion

LevFin · Industrials · €120m

Revel Secures €120 Million Financing from Openbank for Vehicle Renting Platform

The scale-up Revel has closed a 120 million euro financing round with Openbank for its vehicle renting platform. The transaction also involves participation from DTE Capital and Citi, encompassing the purchase of partner shares, a capital injection, and the conversion of conve…

Source: Cinco Dias