Month: July 2018

Johnson & Johnson Consumer Inc. to Acquire Zarbee’s Naturals from L Catterton’s Growth Fund PR Newswire SALT LAKE CITY, July 30, 2018 SALT LAKE CITY , July 30, 2018 /PRNewswire/ — Zarbee’s Naturals, the leader in creating safe and effective over-the-counter products that parents feel good about giving to their families, today announced that it has agreed to be acquired by Johnson & Johnson Consumer Inc. […]

Aleph Capital and Crestview Partners Agree to €260M Equity Funding Commitment in DARAG to Support Global Growth Ambitions PR Newswire LONDON and NEW YORK, July 30, 2018 LONDON and NEW YORK , July 30, 2018 /PRNewswire/ — Aleph Capital Partners LLP (“Aleph Capital”) and Crestview Partners (“Crestview”) have today announced that funds under their control will provide a €260 million equity funding commitment to DARAG Deutsche Versicherungs- und Rückversicherungs-AG (“DARAG” or “the Company”). Headquartered in Malta , DARAG is a privately held insurance company that specialises in taking inactive or discontinued (run-off) businesses from direct insurers and reinsurers. The company has completed 23 run-off transactions in 15 countries with a value of in excess of €740m since its inception in 2009 […]

Granite REIT Announces Sale of its Two U.S. Special Purpose Properties to Magna PR Newswire TORONTO, July 30, 2018 TORONTO , July 30, 2018 /PRNewswire/ – Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that subsidiaries of Magna International Inc. (“Magna”) have exercised their rights of first refusal in response to a third party offer to acquire Granite’s two remaining special purpose properties in the United States for a total purchase price of approximately US$207 million (the “Transactions”). […]

NextEra Energy completes acquisition of Florida City Gas from Southern Company PR Newswire JUNO BEACH, Fla., July 29, 2018 JUNO BEACH, Fla. , July 29, 2018 /PRNewswire/ — NextEra Energy, Inc. (NYSE: NEE) today announced it has completed its previously announced acquisition of Florida City Gas from Southern Company (NYSE: SO). […]

Funds advised by Apax Partners to acquire Genius Sports Group PR Newswire LONDON, July 30, 2018 LONDON , July 30, 2018 /PRNewswire/ — Funds advised by Apax Partners (the “Apax Funds”) have today announced a definitive agreement to acquire Genius Sports Group, a global leader in sports data technology. The stake was acquired from founders, management, funds advised by Three Hills Capital Partners (“THCP”) and other minority shareholders. The transaction is expected to close in Q3 2018. […]

SRAX Agrees to Sell SRAXmd for Up to $52.5 Million PR Newswire LOS ANGELES, July 30, 2018 LOS ANGELES , July 30, 2018 /PRNewswire/ — Social Reality, Inc. (Nasdaq: SRAX), a digital marketing and consumer data management and distribution technology platform company, announced that it signed an asset purchase agreement on July 29, 2018 to sell a controlling interest in its healthcare and pharmaceutical digital advertising product line, SRAXmd, for total consideration of up to $52.5 million . The transaction is expected to close on or about August 7, 2018 . […]

Dana to Purchase Drive Systems Segment of Oerlikon Group Acquisition adds complementary products, key electrification technologies for each of Dana’s end markets PR Newswire MAUMEE, Ohio, July 30, 2018 MAUMEE, Ohio , July 30, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has signed a definitive agreement to purchase the Drive Systems segment of the Oerlikon Group (SIX: OERL), a global manufacturer of high-precision gears; planetary hub drives for wheeled and tracked vehicles; and products, controls, and software that support vehicle electrification across the mobility industry. Under the terms of the agreement, Dana will acquire Oerlikon’s Drive Systems business for CHF 600 million (approximately $600 million ). Committed financing has been arranged to complete the transaction, which will be immediately accretive to earnings upon closing. […]

Bank Leumi to Sell Leumi Card to Warburg Pincus for NIS 2.5 billion – approximately 30% above shareholders’ equity PR Newswire TEL AVIV, Israel, July 28, 2018 TEL AVIV, Israel , July 28, 2018 /PRNewswire/ — Subject to the transaction’s completion, Bank Leumi is expected to record an after-tax profit of NIS 234 million Leumi stands to receive an additional amount of up to NIS 273 million , as part of its operating agreement with the company, some of which will be calculated based on the company’s achievements in coming years, and some at the company’s discretion to extend its operating agreement with bank Leumi Leumi’s President & CEO, Rakefet Russak-Aminoach, said: “I am pleased with the excellent results of a responsible and professional process we have led over the past few months. Due to the importance of Leumi Card and its services to customers, we endeavored to find a reputable buyer with extensive experience in finance and payments, who will be committed to the development and success of Leumi Card in its new independent path. […]

WMIH and Nationstar Mortgage Announce Preliminary Results of Election of Preferred Form of Merger Consideration PR Newswire SEATTLE and DALLAS, July 27, 2018 SEATTLE and DALLAS , July 27, 2018 /PRNewswire/ — WMIH Corp. (NASDAQ: WMIH) (“WMIH”) and Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”) today announced the preliminary results of the elections made by Nationstar stockholders as to the form of merger consideration they desire to receive in the transaction. […]