Juneyao Airlines spent more than 300 million yuan to acquire three aircraft leasing companies; South Korea's two largest AI chip design companies announced a merger | M&A semi-monthly report

Cover | Pexels1.Nvidia to buy software startup Shoreline.io Nvidia has acquired Shoreline.io, a startup for software developers. The move is aimed at reducing reliance on cloud computing giants such as Amazon, and it is reported that the deal was recently struck and values Shoreline at about $100 million. Founded in 2019 by former Amazon Web Services executive Anurag Gupta, Shoreline's software products intelligently identify and automatically repair problems and failures in computer systems, significantly improving the stability and reliability of systems. (Source: Sina Technology) 2. South Korea's two largest AI chip design companies, Sapeon and Rebellions, announced their merger Rebellions and Sapeon, two leading AI chip design companies in South Korea, have agreed to merge and are committed to bringing their resources together to challenge companies such as Nvidia in the AI chip race. After due diligence and a shareholder agreement process, the new entity is expected to be established in the third quarter of this year. Rebellions will be responsible for the management of the new entity, as its structure as a startup makes it better suited to respond agile in the fast-paced semiconductor industry. 3. Apparel brand Express will be acquired Recently, WHP Global, an American brand management company, announced that it will jointly acquire clothing retailer Express with real estate investment trusts Simon Property Group, Brookfield Properties and Centennial Real Estate. The total purchase price is about $174 million, including $136 million in cash and $38 million in debt, and the deal is due to close later this month, according to disclosures. Founded in 2019, WHP Global's portfolio includes Toys"R"US, Rag&Bone, G-Star Raw, Joe's Jeans, Joseph Abboud and Anne Klein, with a portfolio of global consumer brands and investments in high-growth distribution channels.

According to Shmidman, the company's retail sales exceeded $7.5 billion last year.

(Source: MKMA) 4.Shell will acquire Singapore-based LNG trader Pavilion EnergyShell plc will acquire the entire stake in Pavilion Energy Pte, a transaction that will strengthen Shell's business in the LNG sector. Pavilion Energy is a Singapore-based liquefied natural gas trading company. 5. The UAE sovereign fund group has raised its offer to £5.4 billion to buy HL private capital CVC and Platinum Ivy, a subsidiary of Abu Dhabi's sovereign wealth fund ADIA, to £5.4 billion ($6.9 billion). The consortium also includes Nordic Capital. Hargreaves Lansdown is the UK's largest retail trading platform, serving more than 1.8 million clients and £150 billion in assets under management. It is also a constituent stock of the FTSE 100 index. Investors believe that listed companies in the UK are generally undervalued compared to the US market. HL's two founders, billionaire Peter Hargreaves and Stephen Lansdown, remain major shareholders and their shares would be worth £1.07bn and £308 million respectively if they were to sell, according to S&P analysis. (Source: Finance Associated Press) 6. Voodoo acquires BeReal, a social app for 500 million eurosRecently, Voodoo, a French casual game company, announced that it has acquired BeReal, a social app for acquaintances, for 500 million euros. With the acquisition of BeReal, Voodoo will use its differentiated technology and knowledge to make BeReal a more recognizable social platform and is expected to drive a larger gaming audience. As for BeReal founder Alexis Barreyat, who will move to new product development, CEO Aymeric Roffé will take over the role of CEO of Voodoo's social services Wizz, but Alexis Barreyat will continue to assist in the transition. BeReal has been featured in presenting users in real life in the past, and it has attracted a large number of users in 2022. However, the market is skeptical of Voodoo's claim that BeReal currently has 40 million active users, because this data is significantly different from BeReal's daily active number of 20 million people announced in April last year, especially in 2023 when the number of active users continues to decline. (Source: mashdigi) 7. Juneyao Airlines spent more than 300 million yuan to acquire three aircraft leasing companies Juneyao Airlines announced today that the company intends to acquire Shanghai Huarui Huliu Aircraft Leasing Co., Ltd., Shanghai Huarui Hujiu Aircraft Leasing Co., Ltd., and Shanghai Huarui Hu 24 Aircraft Leasing Co., Ltd. from Shanghai Huarui Financial Leasing Co., Ltd. in its own cash, with total related party transactions of 86.5371 million yuan, 81.7408 million yuan and 139 million yuan respectively. Among them, Huarui Hu 24 is an SPV project company engaged in aircraft leasing business under Shanghai Huarui, mainly engaged in aircraft financial leasing (SPV only) and leasing business. The announcement also said that the target companies acquired by Juneyao Airlines are all SPV companies, and each SPV company corresponds to an aircraft, and each aircraft is an aircraft that is still in use in Juneyao Airlines' current fleet, which has no impact on the size of the existing fleet. Due to the small number of orders for Juneyao Airlines' own aircraft, the conversion of leased aircraft to self-purchased aircraft is conducive to further stabilizing the fleet size. After the acquisition of the target company's equity, the tax rebate enjoyed by each aircraft will be enjoyed by the SPV company in the future, which is expected to increase Juneyao Airlines' profitability. (Source: Beijing Business Daily) 8. The Simply Good Foods Acquires OWYN Recently, The Simply Good Foods announced the $280 million cash acquisition of Only What You NeedOWYN, a plant-based ready-to-drink protein shake brand. Simply Good Foods will acquire OWYN from existing investor United Nutritional Brands, an affiliate of Purchase Capital LLC, and a small number of other investors to solidify Simply Good Foods' leadership position in the nutritional snack category. For more M&A and exit events, please refer to the M&A event database on the official website of IT Orange.

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