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Daily News for Dealmakers

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Category: Consumer and Industrial

What Marriott’s CEO Says About the Prospect of Another Mega-Merger [CXO VT]

What Marriott’s CEO Says About the Prospect of Another Mega-Merger [CXO VT]

  • September 20, 2022
  • 0 Comments
  • By CorpDev
Skift Take: Anthony Capuano, CEO of Marriott International, will not be surprised if a big merger or acquisition shakes up the hotel industry, but it most likely won't involve his brand.— Andrea...
Posted in Consumer and Industrial
UK Probes SocGen Leasing Unit’s €5B Deal For Dutch Rival [Law360: Mergers & Acquisitions]

UK Probes SocGen Leasing Unit’s €5B Deal For Dutch Rival [Law360: Mergers & Acquisitions]

  • September 20, 2022
  • 0 Comments
  • By CorpDev
By Najiyya Budaly (September 20, 2022, 11:55 AM BST) -- Britain's antitrust authority said on Tuesday that it has launched a formal probe into French banking giant Société...
Posted in Consumer and Industrial
KKR invests in Hero Future Energies in $450m transaction [Future of Work]

KKR invests in Hero Future Energies in $450m transaction [Future of Work]

  • September 20, 2022
  • 0 Comments
  • By CorpDev
KKR invests in Hero Future Energies in $450m transaction KKR and the Hero Group have signed a deal to invest $450 million in Hero Future Energies (HFE), the renewable energy arm of the Hero Group....
Posted in Consumer and Industrial

Purple may see other bidders, Coliseum will likely have to raise offer – analyst [M A News on Seeking Alpha]

  • September 19, 2022
  • 0 Comments
  • By CorpDev
SolStock/E+ via Getty Images Purple Innovation Inc. (NASDAQ:PRPL) may see other bidders after its largest holder Coliseum Capital offered to buy the mattress company, though likely Coliseum will...
Posted in Consumer and Industrial
Volkswagen Sets Price Range for Porsche’s Blockbuster I.P.O. [NYT > Mergers, Acquisitions and Divestitures]

Volkswagen Sets Price Range for Porsche’s Blockbuster I.P.O. [NYT > Mergers, Acquisitions and Divestitures]

  • September 19, 2022
  • 0 Comments
  • By CorpDev
The public offering values the luxury sports car maker at up to $75 billion. Source Author: Michael J. de la Merced
Posted in Consumer and Industrial
Swedish last-mile delivery companies Instabox and Budbee to become Instabee in $1.7B merger [Mergers and Acquisitions • TechCrunch]

Swedish last-mile delivery companies Instabox and Budbee to become Instabee in $1.7B merger [Mergers and Acquisitions • TechCrunch]

  • September 19, 2022
  • 0 Comments
  • By CorpDev
Swedish last-mile delivery companies Instabox and Budbee have have announced plans to merge in an 18 billion krona ($1.7 billion) deal. The two companies, which were both founded out of the Stockholm...
Posted in Consumer and Industrial
Mattress Maker Purple Gets $226M Hedge Fund Buyout Bid [buyout/ takeover]

Mattress Maker Purple Gets $226M Hedge Fund Buyout Bid [buyout/ takeover]

  • September 19, 2022
  • 0 Comments
  • By CorpDev
By Al Barbarino (September 19, 2022, 5:21 PM EDT) -- Purple Innovation Inc. said Monday it received a buyout bid from its largest shareholder, Connecticut-based hedge fund Coliseum Capital...
Posted in Consumer and Industrial

Sen. Warren urges Dept. of Transportation to block JetBlue’s purchase of Spirit (update) [M A News on Seeking Alpha]

  • September 16, 2022
  • 0 Comments
  • By CorpDev
JillianCain/iStock Editorial via Getty Images Update 11:45pm: Adds JetBlue comment. Sen. Elizabeth Warren (D-MA) is requesting that the U.S. Department of Justice heavily scrutinize JetBlue's...
Posted in Consumer and Industrial
UK Probes Korean Air’s $1.6B Takeover Of Asiana Airline [buyout/ takeover]

UK Probes Korean Air’s $1.6B Takeover Of Asiana Airline [buyout/ takeover]

  • September 16, 2022
  • 0 Comments
  • By CorpDev
By Najiyya Budaly (September 16, 2022, 2:05 PM BST) -- Britain's antitrust authority said on Friday that it has launched a formal probe into Korean Air's plans to acquire a rival Korean airline for...
Posted in Consumer and Industrial
Tesla supplier Aptiv to buy 85% stake in Intercable unit in EV tech push [Private Equity Insights]

Tesla supplier Aptiv to buy 85% stake in Intercable unit in EV tech push [Private Equity Insights]

  • September 14, 2022
  • 0 Comments
  • By CorpDev
Tesla supplier Aptiv said on Tuesday it would acquire a majority stake in a unit of Italy’ Intercable for €595m, allowing the auto parts company access to technology used in electric...
Posted in Consumer and Industrial

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