Illustration: Sarah Grillo/Axios
Three years after bankrolling 3G Capital's buyout of Kraft Heinz, Warren Buffett this morning admitted that he overpaid.
Axios' Felix Salmon reminds us that Unilever dodged a bullet in rejecting a $143 billion takeover offer from Kraft Heinz in early 2017.
Next up for Kraft Heinz could be a whole slew of divestitures, most likely to private equity firms that know how to wring cash out of tired consumer brands. First up, reportedly, will be Maxwell House, which could fetch $3 billion.
• Speaking of divestitures... GE earlier this morning agreed to sell its biopharma biz to Danaher Corp. for $21.4 billion.
• Ripples: Last month we reported on plans to launch a "hostile takeover" of XRP, the $13 billion cryptocurrency controlled by a VC-funded, Silicon Valley company called Ripple.
Barrick Gold (TSX: ABX) made an $18 billion hostile takeover offer for Newmont Mining (NYSE: NEM), in order to create the world's largest gold miner. But the
• Affirmed Networks, an Acton, Mass.-based virtualized mobile networks startup, raised $38 million. Centerview Capital Technology led, and was joined by return backers Qualcomm Ventures and Eastward Capital Partners. http://axios.link/0Mru
🚑 Accurx, a UK-based developer of a messaging service for surgeries, raised £8.8 million in Series A funding led by Atomico. http://axios.link/VHpR
• Funnel, a Stockholm-based provider of data collection software to advertisers, raised $8 million. Oxx led, and was joined by Balderton Capital, Industrifonden and Zobito. http://axios.link/pxZA
⛽ First Reserve agreed to buy Weir Flow Control, a maker of engineered valves and pumps for the energy and industrial sectors, from Weir Group (LSE: WER).
• KKR reportedly is circling British supermarket chain Asda, currently owned by Walmart, following new UK regulatory push-back against Asda's proposed $10 billion takeover by Sainsbury's. http://axios.link/Cf7R
• Lineage Logistics of Colton, Calif. agreed to buy Preferred Freezer Services, a Chatham, N.J.-based network of temperature-controlled warehouses, from Fenway Partners. www.preferredfreezer.com
• Triton and the Abu Dhabi Investment Authority agreed to buy the plastic containers business of Australia’s Brambles (ASX: BXB) for $2.51 billion. http://axios.link/gA8q
• Three IPOs are expected on U.S. exchanges this week: Super League Gaming, Kaleido Biosciences and Tortoise Acquisition. http://axios.link/2X1v
• Up Fintech Holding, Beijing-based online brokerage, filed for a $150 million IPO. It plans to trade on the Nasdaq (TIGR) with Citi as lead underwriter, and reports a $44 million net loss on $34 million in revenue for 2018. http://axios.link/6vTP
• Ericsson agreed to buy the antenna and filters unit of Germany’s Kathrein. No financial terms were disclosed, except that the unit had 2018 sales of around €270 million. http://axios.link/pBuS
🚑 Ipsen (Paris: IPN) agreed to buy Clementia Pharmaceuticals (Nasdaq: CMTA), a Montreal-based biotech focused on rare diseases like bone disorders, for upwards of $1.31 billion. http://axios.link/MrBh
🚑 Roche Holding (Swiss: ROG) agreed to buy Spark Therapeutics (Nasdaq: ONCE), a Philadelphia-based gene therapy company, for $4.3 billion in cash, or $114.50 per share (more than double Friday’s closing price). http://axios.link/rbLW
• Mark Blaufuss, former CFO of Metaldyne Performance Group, joined The Carlyle Group as a consultant on its industrials and transportation team. www.carlyle.com