M&A Around The Globe: Carlyle Group, Haier, Fresenius Medical Care, Liberty Dialysis Holdings, American Access Care Holdings, Northumbrian Water

s the US stocks trades in red, several M&A activities took place around the world. Some notable M&A activities are discussed here.

Carlyle to Buy 9 Percent Stake in China’s Haier

Buyout firm Carlyle Group agreed to buy 9 percent of Haier Electronics Group Co Ltd. through convertible bonds, raising its stake in a Chinese company expanding into Japan and China’s untapped markets. Carlyle said it will invest up to $194 million in HEG, a Hong Kong-listed subsidiary of white goodsfirm Haier Group, China’s largest maker of washing machines and water heaters. The deal comes days after Haier decided to buy Panasonic Corp’s Sanyo Electric washing machine and refrigerator units in Japan and Southeast Asia for $130 million. Carlyle, which has invested more than $3 billion in China, was likely to have been attracted by the rapid growth in China’s consumer driven industry, analysts said. After the completion of the deal Carlyle will have a seat on the company’s nine-member board. The planned transaction, calls for Carlyle to invest $137 million in Haier Electronics convertible bonds and $57 million in warrants.

Fresenius Medical Care Agrees Takeover Deals for $2.09 Billion

The Germany-based Fresenius Medical Care said Tuesday that it would buy privately held Liberty Dialysis Holdings for $1.7 billion including about $1 billion in assumed debt. FMC also agreed to buy American Access Care Holdings, which operates 28 vascular access centers for preparing patients for dialysis, for $385 million. The deal acquire Liberty Dialysis Holdings would add about 19,000 U.S. patients to the 140,000 FMC already has, while its nearest rival, DaVita (NYSE: DVA), has 128,000 patients. Liberty is controlled by buyout firms KRG Capital Partners and Bain Capital and the deal, which is expected to close in early 2012, will add about $1 billion to FMC’s annual sales.

Li Agrees to Buy Northumbrian for $3.9 Billion

Hong Kong-based tycoon Li Ka-shing’s Cheung Kong Infrastructure has agreed the acquisition of Northumbrian Water, in the biggest takeover this year of a UK publicly listed company since Kraft snapped up Cadbury in 2010. The board of the FTSE 250 utility on Tuesday unanimously recommended the 465p-a-share all-cash offer for Northumbrian from CKI, giving the company an enterprise value, including net debt, of $3.9 billion (£4.7 billion). The offer represents a 26.4 percent premium to Northumbrian’s closing price of 367.9 pence before talk of a bid surfaced in late June. Analysts expect the deal to go ahead given Northumbrian’s board and its biggest shareholder, the Ontario Teachers’ Pension Plan, are backing it. CKI has sold its much smaller Cambridge Water investment to a division of HSBC to sidestep any regulatory hurdles.

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