M&A Features

Lyft obtains funding from KKR

Last week, Lyft successfully raised USD 600 million from private equity giant KKR in its seventh funding round, amid speculation that the taxi booking application (app) provider may go public in the near future. The deal values the technology company at USD 7,500 million, according to various media reports.

JAB and BDT Capital to buy Panera Bread

Eat-in bakery café Panera Bread agreed last week to be acquired by JAB Holdings (JAB) and BDT Capital for around USD 7,500 million in cash. This is the 11th largest deal to have been announced or completed in the US this year, according to Zephyr, the M&A database published by Bureau van Dijk. The transaction came just days after a person familiar with the matter told Bloomberg the Nasdaq-listed group could potentially be targeted by JAB, Starbucks and Domino’s Pizza.

Hong Kong tycoon Li Ka Shing steps up investment in Canada

Cheung Kong Property Holdings (CKPH), a company controlled by the family trust of tycoon Li Ka Shing, is acquiring Reliance Comfort at an equity price of CAD 2,820 million (USD 2,100 million). Private equity investor Alinda Capital Partners, which is making a full exit through the all-cash deal, has been the owner of the target since 2007 when it took over UE Water Income Fund for around CAD 1,134 million.