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BBVA to merge with Sabadell in a €12bn deal.

Campari Group completed the acquisition of Courvoisier from Beam Suntory for $1.32bn.

Medline to acquire surgical solutions business from Ecolab. 

Accor nears deal to buy luxury hotel brand Habitas.

Union announces talks with Carlyle on majority stake in Thyssenkrupp Marine Systems (Financial Sponsors).

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BBVA to merge with Sabadell in a €12bn deal.

BBVA, a Spanish multinational financial services company, offered to merge with Banco Sabadell, a Spanish banking group, in a €12bn ($12.8bn) deal.

The new entity would create one of Europe’s largest and most robust financial entities, boasting over one trillion euros in assets and serving more than 100m clients worldwide, with the ambition of becoming the largest bank by market capitalization of the Eurozone.

Campari Group completed the acquisition of Courvoisier from Beam Suntory for $1.32bn.

Campari Group, a beverage industry company, completed the acquisition of Courvoisier, a cognac brand, from Beam Suntory, an American-founded, Japanese multinational company that produces alcoholic beverages, for $1.32bn.

"We are very pleased to acquire a top four historical cognac house, Courvoisier with great latent equity and highly acclaimed expressions. The addition of Courvoisier cognac to our portfolio of global priorities is a rare and unique opportunity to expand our premium spirits portfolio and cognac offering. By leveraging our heavy cognac expertise at Board and Executive Team level, Campari Group has a fantastic opportunity to reinforce this brand’s credentials as a global icon of luxury, priming cognac to become Campari Group’s fourth major leg along with aperitifs, bourbon and tequila. Concomitantly, we are looking forward to accelerating our premiumisation journey, further enriching our RARE portfolio, the division created to unlock and accelerate the growth potential of a select range of high-end individual expressions in our core premium spirits markets," Bob Kunze-Concewitz, Campari Group CEO.

Campari was advised by PwC, Crédit Agricole CIB (led by Carlo Durando), Goldman Sachs, Mediobanca (led by Matteo Calegari), Allen & Overy (led by Alexandre Ancel), McDermott Will & Emery and Studio Biscozzi Nobili & Partners - Legale Tributario. Debt financing was provided by Bank of America, Crédit Agricole CIB, Goldman Sachs, Intesa Sanpaolo and Mediobanca. Debt providers were advised by Clifford Chance. Beam Suntory was advised by Morgan Stanley.

Medline to acquire surgical solutions business from Ecolab.

Medline Industries, LP, a private healthcare company, agreed to acquire surgical solutions business from Ecolab, a company that develops and offers services, technology and systems that specialize in treatment, purification, cleaning and hygiene of water in a wide variety of applications. Financial terms were not disclosed.

“We are pleased to have the opportunity to acquire a leading portfolio of operating room products with such a strong reputation for protecting patients and healthcare workers. With our commercial capability and focus on operational excellence, we believe that Medline is best positioned to grow this critical business and provide enhanced services to support our customers. This acquisition brings us proven innovation, expanded service offerings, and a shared legacy of highest quality products," Jim Pigott, Medline President and CEO.

Medline is advised by Simpson Thacher & Bartlett LLP (led by Elizabeth Cooper).

Accor nears deal to buy luxury hotel brand Habitas.

Accor is in advanced talks to acquire luxury hotel brand Habitas, which traces its roots to camps at the Burning Man festival in the Nevada desert, Bloomberg reported.

The Paris-based hotelier is set to acquire Habitas through its majority-owned subsidiary Ennismore. A transaction value couldn’t immediately be learned.

Union announces talks with Carlyle on majority stake in Thyssenkrupp Marine Systems. (FS)

Germany's IG Metall union on April 30th said it had preliminary talks with The Carlyle Group on the investment firm taking a majority stake in thyssenkrupp Marine Systems and agreed to push for an agreement as quickly as possible, Reuters reported.

The union insisted that a stake sale to private equity investors could only happen if the state stepped in as well to secure the conglomerate's naval shipbuilding activities.

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