Two of the five biggest corporate operations of 2023 are up in the air

Two of the five largest mergers and acquisitions known in the jargon Mergers and Acquisitions (M&A) expects final closing in 2023. Especially, Sale of 25% of Heathrow Airport to Ardian and Public Investment Fund (PIF) And 20% of Shanghai RAAS pharmaceutical company, It was stated that Grifols agreed to transfer it to Chinese multinational Haier. Both processes are estimated value over €4,333 millionAccording to the annual report of data and corporate intelligence company TTR Data.

In November, Ferrovial agreed to sell its shares in the UK and Europe’s largest airport to the aforementioned private equity fund and the Saudi Arabian Government’s vehicle for 2.735 million euros (2.368 million pounds). This operation, which was apparently going well, underwent a transformation when several partners of the company, led by Rafael del Pino and Ignacio Madridejos in the asset, exercised companion rights that allowed them to sell their shares under the same conditions as the infrastructure company. Shareholders who own 35% of Heathrow in total exercised this right. This forced Ferrovial to take action and communicate to the market as follows: “There is no certainty that the transaction will be closed“, just as planned. In contrast, Both PIF and Ardian are working on purchasing 60% of the airport Inclusion of a new partner in the investment, as confirmed by market sources.

Grifols reached an agreement to sell 20% of Shanghai Raas at the end of last year. This operation, worth approximately 1,598 million euros, according to TTR Data, was carried out with the aim of reducing the corporate debt of the Catalan company, which was later tainted by Gotham City Research’s report. Grifols calculates favorable profits from subsidiaries he does not control, thus concealing his alleged over-indebtedness. Following the scandal caused by the fund betting against Grifols shares, company and future buyer of Shanghai RaasHayer, They pointed out that The operation continues on its way and we expect it to close before the end of the first semester.

In total, the estimated value of the five largest corporate operations in 2023 is €13,103 million. 33% of this amount has not yet been officially closed. In addition to those mentioned in this list, there is also the $5,000 million acquisition of Zegona from Vodafone Spain, Telefónica’s purchase of its German subsidiary for $1,970 million, and Statkraft’s $1,800 million investment in Elecnor’s renewable subsidiary Enerfin. It is located.

What were the biggest venture capital operations of 2023?

The largest venture capital operation in Spain in 2023, in the case of Heathrow, beyond the fact that one of the pioneers of this feature is a fund with these features. Blackstone’s sale of 35% of giant Hotel Investment Partners (HIP) to Singapore sovereign fund GIC for $1.4 billion. This company is the largest owner of hotel complexes in Spain, with 59 assets and also a presence in Italy and Portugal. There are a total of 21,831 rooms, mostly in vacation properties.

Next largest transaction executed Partners Group and a group of private investorsthey accepted it Invest 1,000 million euros in Exusspecializes in the management and development of renewable energy infrastructure. below this amount GED Capital took control German healthcare group Fresenius’s assisted reproduction business in Spain for an amount around 500 million eurosAccording to TTR Data, it is in an operation that also includes other markets in Latin America and Europe. Complete the ranking Acquisition of APK by Partners Group and Brookfield for $313 millionSpecializing in parking and with more than 43,000 parking spaces in 110 assets in 25 provinces, Firmum Capital serves private banking clients of Banco Sabadell and its management company AltamarCAM.

Source: Informacion

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