Big Deal Round-Up: The M&A market heated up at the start of July with Amazon's purchase offer to iRobot Corp. and Bausch + Lomb expanding its footprint in the eye-care portfolio with a $106.5M deal with J&J. Plus, FIS has sold an $18.5B stake in Worldpay to GTCR. Other highlights this week include: M&A - The $1.65B purchase offer from Amazon for vacuum manufacturer iRobot Corp. is contingent upon the EU merger watchdog's approval.
- The middle-market private equity firm Audax Group has agreed to sell CorEvitas, a provider of biopharmaceutical data, to Thermo Fisher Scientific Inc. for $913M.
- Generali plans to acquire asset manager Conning to expand its global presence, while Conning's owner, Cathay Life, will also take a stake in a Generali unit.
- To expand its line of eye care products, Bausch + Lomb paid $106.5M for Johnson & Johnson's Blink brand of eye and contact lens drops.
Private Equity - FIS has sold a majority stake in its Worldpay payments arm to a buyout group led by GTCR for a valuation of $18.5B, which includes a significant $8.4B bank financing package.
Partnerships - HBO content will remain available on Sky's platform in New Zealand according to a new multi-year arrangement that Sky NZ and Warner Bros. Discovery announced.
- Silex Technology has partnered with French electronic distributor, Matlog, to sell and distribute their Wi-Fi modules to customers in France.
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