Guilty! Germany AG sells Schenker short – a steal at €14.3bn
Make no mistake: it is disturbing
F: MAKING MONEY IN CHINAMAERSK: THE DAY AFTERDHL: NEW DEALGXO: NEW PARTNERSHIPKNIN: MATCHING PREVIOUS LOWSEXPD: VALUE AND LEGAL RISKMAERSK: DOWN SHE GOESVW: PAY CUTFDX: INSIDER BUYXOM: THE PAIN IS FELTUPS: CLOSING DEALSGXO: LOOKING FOR VALUE
F: MAKING MONEY IN CHINAMAERSK: THE DAY AFTERDHL: NEW DEALGXO: NEW PARTNERSHIPKNIN: MATCHING PREVIOUS LOWSEXPD: VALUE AND LEGAL RISKMAERSK: DOWN SHE GOESVW: PAY CUTFDX: INSIDER BUYXOM: THE PAIN IS FELTUPS: CLOSING DEALSGXO: LOOKING FOR VALUE
PitchBook writes:
Private equity’s biggest guns are once again showing they can have record-setting buyout firepower when they work as a team.
After recently backing away from so-called club deals that bring together multiple firms, the industry now has its largest acquisition in years. Blackstone, The Carlyle Group and Hellman & Friedman have joined forces to acquire Medline in a deal reportedly worth around $34 billion, including debt.
The deal comes after US private equity firms amassed approximately $721 billion in dry powder as of June 30, 2020 following years of record fundraising outputs. And it may signal that club deals involving multiple buyout shops have returned after they fell out of favor following a series of high-profile flops….
To read the full story, please click here.
The official statement, dated 5 June, can be found here.
Maersk and MSC fire first shots in new freight rate war on Asia-Europe trades
US port strike called off as ILA and USMX reach 'tentative' agreement
Cosco share price falls after US lists carrier as a Chinese 'military asset'
$7bn infrastructure project heads list of expansion plans for India's busy ports
FBA seller fury as Amazon dials back compensation for lost products
Warning as penalties for non-compliance with US import/export rules increase
Alliance reshuffle will increase box ship shortage as carriers hunt 'buffers'
East coast port talks resume, with automation and jobs still the sticking points
Comment on this article