Mizuho Americas signed an agreement to acquire Capstone Partners, an independent middle-market placement agent focused on fundraising and advisory services to private equity, credit, real asset and infrastructure investment firms.
Philippine Airlines emerged from its voluntary Chapter 11 proceedings, completing its financial restructuring within four months. Philippine Airlines’ plan of reorganization provides for more than $2 billion in permanent balance sheet reductions from existing creditors.
Funds managed by Oaktree Capital Management, a global investment manager specializing in alternative investments, acquired Velocity Risk Underwriters, a catastrophe-focused property and specialty insurance risk managing general agent.
Cloudera entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice and KKR in an all-cash transaction valued at approximately $5.3 billion. J.P. Morgan, Bank of America and KKR Capital Markets committed to provide debt financing for the transaction.
Citizens Bank entered into an agreement to acquire 80 East Coast branches from HSBC Bank as well as HSBC’s national online deposit business. Under the agreement, Citizens will acquire approximately $9 billion in deposits and approximately $2.2 billion in loans.
Sysco and US Foods announced an agreement to merge. The value of the transaction is approximately $8.2 billion. Goldman is serving as financial advisor to Sysco.