Record Private Equity M&A deals Targeting Australian Companies

Global private markets heavyweights like KKR in the first months of 2022 have targeted Australia with mergers and acquisitions. There have already been a record 61 deals worth $40.1 billion in the first five months of the year. The standout deal is the $30 billion bid for ASX-listed Ramsay Health Care by a consortium of investors led by US private equity powerhouse KKR that also includes HESTA, the super fund. It is a worldwide shift, globally the value of global … Continue reading “Record Private Equity M&A deals Targeting Australian Companies”

SoFi Pays $1.1 Billion for Banking Software Infrastructure Firm Technisys

In an all-stock deal SOFI hoping to revamp the student lender into a full-service bank. SoFi Technologies (SOFI) is acquiring banking-software maker Technisys SA for about $1.1B in an all-stock deal. SOFI is trading $11.39▼ 0.79 (-6.49%) pre-market. SoFi Technologies Inc. is buying banking-software maker Technisys SA for about $1.1 billion, the latest in a string of deals designed to transform the lender into a one-stop financial shop. Last month, the company received an approval to become a national bank through its proposed acquisition of Golden Pacific … Continue reading “SoFi Pays $1.1 Billion for Banking Software Infrastructure Firm Technisys”

France’s Total buys Denmark’s Maersk Oil for $7.5 billion

French oil major Total $TOT is buying Maersk Oil & Gas A/S from Danish shipping giant A.P. Møller – Mærsk A/S in a share and debt transaction valued at US$7.45 billion. The deal adds reserves equivalent to around 1 billion barrels of oil for Total.

Sempra Energy Buys Oncor Power for $9.45 billion Eclipses Buffett

San Diego based Sempra  Energy $SRE on Monday said it will acquire Energy Future Holdings Corp, the indirect owner of 80 percent of Oncor Electric Delivery Company, LLC, operator of the largest electric transmission and distribution system in Texas foraround $9.45 billion in cash.