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UK public M&A – return of share-for-share offers

JD Supra: Mergers

In 2024 we have seen a significant increase in listed corporate bidders offering their equity to target company shareholders in UK public M&A deals, including on offers made by non-UK listed companies. That is a significant increase on the number of such deals in 2023 and the highest number in the last 5.

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eBay to gain $2.2B from sales of its shares in classified biz Adevinta

TechCrunch: M&A

eBay is unloading its remaining shares in the online classified business Adevinta to private equity firms Permira and Blackstone for $2.2 billion in cash and 20% equity, it said. billion in cash and 540 million Adevinta shares. While the new deal […] © 2023 TechCrunch.

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Permira completes Squarespace acquisition after upping bid to $7.2B

TechCrunch: M&A

Website builder Squarespace is no longer a publicly traded company, after private equity firm Permira procured all remaining common stock in the firm. Permira first revealed plans to acquire Squarespace back in May, offering shareholders in the NYSE-traded company $44 per share — this equated to an equity valuation of $6.6

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Private Equity Profiles and Perspectives: An In-Depth Conversation with Pat Riley and Lukasz Wrona of Akoya Capital - Part 2

JD Supra: Mergers

To help businesses, investors, and deal professionals better understand the evolving private equity landscape in the lower middle market, Rob Connolly – a partner in and leader of LP’s Corporate Practice Group – shares a series of conversations with private equity firms and professionals. By: Levenfeld Pearlstein, LLC

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Private Equity Profiles and Perspectives: An In-Depth Conversation with Pat Riley and Lukasz Wrona of Akoya Capital

JD Supra: Mergers

By: Levenfeld Pearlstein, LLC

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Growing Interest in Utilising Equity Commitment Letters in the Context of Sponsor Margin Loans

JD Supra: Mergers

Equity Commitment Letters (ECL) are legal documents pursuant to which one party (typically the main fund or multiple funds managed by the sponsor) (the ECL Provider) commits to providing a certain amount of capital, usually cash, to another party (typically the borrower or borrowers owning the shares that back an underlying loan agreement) (the ECL (..)

Equities 167
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German bank shares slide, DAX underperforms

Global Banking & Finance

LONDON (Reuters) – German bank shares were among the worst performing European equities on Tuesday, as a selloff in U.S. Deutsche Bank shares closed down 4.9%. lenders following downbeat comments from the boss of Goldman Sachs rippled through European markets.

Banking 143