Takeover Thursday: Private equity’s top takeovers

Carlyle has finalised its acquisition of SNP Schneider-Neureither & Partner SE, a global provider of SAP-focused data transformation software and consulting services, through a voluntary public cash offer.

The transaction, funded through Carlyle Europe Partners V—a €6.4bn vehicle targeting European mid-market opportunities—forms the basis of a strategic partnership aimed at accelerating SNP’s long-term international growth.

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Brookfield Infrastructure Partners and its institutional affiliates have agreed to acquire Colonial Enterprises, the operator of the largest fuel pipeline in the US, in a $9bn transaction that underscores growing private equity interest in strategic energy infrastructure.

The acquisition will see Brookfield take full control of Colonial from a consortium of five shareholders, including KKR (23.4%), CDPQ (16.5%), IFM Investors (15.8%), Koch Inc. (28.1%), and Shell’s Midstream Operating unit (16.125%), which is exiting its stake for $1.45bn.

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Brookfield has resumed takeover discussions with Spanish pharmaceutical group Grifols, according to Spanish news outlet El Confidencial, sparking an 11% surge in the company’s share price during early Wednesday trading.

The Canadian investment firm is reportedly considering a bid that would value Grifols at €7bn ($7.55bn), with Morgan Stanley acting as adviser. This follows a previously withdrawn non-binding €6.7bn offer made last November, which was rejected by Grifols management for undervaluing the company.

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