M&A

 Mergers & Acquisitions News (M&A)

• Activist TOMS Capital is pushing $50B-listed shale producer Devon to quicken asset sales or sell itself Reuters

• Saudi Aramco is considering a $7B stake sale in its sulphur business as part of a massive asset dumping spree Reuters

• Italian aerospace and defense company Leonardo and Abu Dhabi military conglomerate EDGE detailed ​plans for a $5B JV Reuters 

• PE firm Lone Star Funds has emerged as the frontrunner to acquire Continental's industrial unit ContiTech, which could fetch $4B  Bloomberg

• Jazz Pharmaceuticals signed an $875M research collaboration and licensing agreement with Canada's AbCellera Reuters

• Canadian midstream firm Keyera Corp acquired the remaining ‌50% stake in the KAPS LNG pipeline from ​Stonepeak for $860M  Reuters

• Mill Pond Capital is urging $600M-listed fiber producer Rayonier Advanced Materials to pursue a full sale Yahoo.Finance

• German investment firm Mutares is exploring a sale or IPO of Portuguese engineering group Efacec at a potential $350M-$500M valuation Bloomberg

• Outdoor retailer Bass Pro Shops will acquire the Cheeca Lodge & Spa in Islamorada (Florida Keys) from Northwood Investors for over $300M  Bloomberg

• PE firm Arcline will acquire data visualization and printing tech company AstroNova for $272M at an 80% premium  Wall Street Journal 

• Flexstone Partners, the private markets affiliate of Natixis, will buy secondaries manager Glouston Capital Partners to form a $15B AUM platform BusinessWire

• Tech consulting firm Accenture will acquire the Alfahealth and Industries eXcellence units of Italian digital service ​company Engineering for $1B  Reuters