All articles tagged with #stonepeak
bp has agreed to sell a 65% stake in Castrol to Stonepeak for $10.1 billion, as part of its strategy to simplify its portfolio and strengthen its balance sheet, with the transaction expected to complete by the end of 2026 and proceeds used to reduce debt.
BP is selling a 65% stake in its Castrol lubricants business to private equity firm Stonepeak for $6 billion as part of its strategy to reduce debt and focus on core oil and gas operations, with BP retaining a 35% stake and the deal expected to complete by the end of 2026.
BP has agreed to sell a 65% stake in its Castrol lubricants business to US investment firm Stonepeak for $10.1 billion, as part of BP's strategy to reduce debt and streamline operations, with proceeds to be used for debt repayment and strategic refocusing.
Stonepeak is set to acquire a majority stake in Castrol from BP in a $10.1 billion deal, with BP retaining a 35% interest and CPP Investments investing up to $1.05 billion, supporting Castrol's growth in the global lubricants market.
Air Transport Services Group (ATSG) has agreed to be acquired by Stonepeak, an investment firm, for $3.1 billion in an all-cash deal. ATSG shareholders will receive $22.50 per share, a 29.3% premium over the recent closing price. The acquisition, approved by ATSG's board, will make ATSG a private company, enhancing its global presence in air cargo leasing. The transaction is expected to close in the first half of 2025, pending shareholder and regulatory approvals.
Infrastructure investor Stonepeak has agreed to acquire shipping-container lessor Textainer for over $2 billion, with Textainer investors receiving $50 per share in cash. The deal values Textainer at approximately $2.1 billion and, factoring in its debt, the total deal is worth around $7.4 billion.
Infrastructure fund Stonepeak has agreed to acquire shipping container lessor Textainer Group for $2.1 billion, offering $50 per share in cash, representing a 46% premium to Textainer's closing price on Friday. The deal, including debt, is valued at approximately $7.4 billion and is expected to close in Q1. The agreement includes a 30-day "go-shop" period for Textainer to consider alternative acquisition proposals. Textainer will continue to be led by its current CEO and maintain its headquarters in Bermuda.