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Deal Wrap is updated as of 3 p.m. ET.
– PAG Asia Capital, Shanghai Shuoda Equity Investment Centre Ltd. and Ninestar Group Co. Ltd. agreed to sell US-based printer distributor Lexmark International II LLC to Xerox Holdings Corp. for $1.5 billion. Jefferies LLC and Citi were Xerox's financial advisers, and Ropes & Gray LLP and Willkie Farr & Gallagher LLP were its legal advisers. Morgan Stanley & Co. LLC was Lexmark's financial adviser and Strait Capital Management was Ninestar's financial adviser. Dechert LLP was legal adviser to Lexmark, Ninestar, PAG Asia and Shanghai Shouda.
– Saothair Capital Partners LLC acquired a majority equity stake in US engineering firm T Bailey Inc. McGuireWoods LLP was Saothair's legal adviser. Holland & Hart LLP was T Bailey's legal adviser and TM Capital was its financial adviser.
– Tiger Global Management LLC agreed to sell Israeli machine learning platform developer Aporia Technologies Ltd. to Coralogix Ltd.
– Clayton Dubilier & Rice LLC agreed to sell a majority ownership stake in greeting cards maker American Greetings Corp. to Elliott Investment Management LP. Davis Polk & Wardwell was Elliott's legal adviser, and UBS Investment Bank was its financial adviser. Debevoise & Plimpton LLP was American Greetings' legal adviser and Centerview Partners and BofA Securities were its financial advisers.
– Advent International LP agreed to sell UK-based outsourcing services provider Williams Lea Ltd. to R. R. Donnelley & Sons Co. Canson Capital Partners was R. R. Donnelley's financial adviser and BakerHostetler and Pinsent Masons were its legal advisers. Evercore was Advent's financial adviser and Weil Gotshal & Manges was its legal adviser.
For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.