US companies forged more than $35bn in deals on Monday, marking the clearest surge in dealmaking confidence since Donald Trump’s election victory. Four transactions were announced on Monday, including Omnicom’s $13bn all-share acquisition of rival advertising group Interpublic and Apollo Global-owned packaging manufacturer Novolex’s $7bn deal for Pactiv Evergreen.
announced a deal to sell insurance brokerage AssuredPartners to a publicly listed competitor, Arthur J Gallagher for $13.5bn, in one of the year’s largest asset sales. GTRC had been studying raising a so-called “continuation fund” to sell a stake in the brokerage between funds it managed, but halted that effort when a buyer for the whole company emerged over the past five weeks, according to people briefed on the matter.
investors in the 2019-era fund that acquired the brokerage will see a return of about 2.5 times their original equity investment, the sources said. declined to comment. Private equity buyers have also benefited from a recent flood of money into credit funds, which has caused premiums investors demand to buy risky debt to fall to near record low levels, making acquisitions easier to finance.
France Dernières Nouvelles, France Actualités
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