Sycamore Partners will acquire Staples for $10.25 per share in cash, or approximately $6.9 billion. UBS Investment Bank, BofA Merrill Lynch, Deutsche Bank, Credit Suisse, Royal Bank of Canada, Jefferies, Wells Fargo Bank and Fifth Third Bank are providing debt financing for the transaction.
Avast Software and AVG Technologies have entered into a purchase agreement in which Avast will offer to purchase all of the outstanding ordinary shares of AVG for $25.00 per share in cash, for a total consideration of approximately $1.3 billion.
Southcross Energy announced it will combine with TexStar Midstream. Citi is serving as financial advisor to Southcross; Barclays, Evercore Partners and UBS Investment Bank are serving as financial advisors to TexStar.
Paul Hastings announced it advised Morgan Stanley, Goldman Sachs and UBS Investment Bank in connection with the financing of the acquisition by Centerbridge Partners of a 40% interest in syncreon Ireland B.V.