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AMERICAS

Recognize Partners completes the majority investment in Smartlink.

Recognize Partners, a private equity firm that invests in and builds digital services businesses, completed the majority investment in Smartlink, a nationally scaled services provider to the digital infrastructure industry, according to press releases. Financial terms were not disclosed.

Recognize Partners was advised by Houlihan Lokey, Willkie Farr & Gallagher (led by Andres C. Mena, Jason Pearl, Eric S. Halperin, Andrew Marmer and Alejandra Lankenau) and Chris Tofalli Public Relations (led by Chris Tofalli). Smartlink Group was advised by Moorgate Securities and Benesch Friedlander Coplan & Aronoff, according to press releases and MergerLinks data.

Charlesbank Capital Partners completes the investment in Overbay Capital Partners.

Charlesbank Capital Partners, a private equity investment firm, completed the investment in Overbay Capital Partners, an alternative asset manager focused on the secondaries market, according to press releases. Financial terms are not disclosed.

Charlesbank Capital Partners was advised by Kirkland & Ellis, Stikeman Elliott (led by John Leopold) and Prosek Partners. Overbay Capital Partners was advised by Goodmans, according to press releases and MergerLinks data.

Tarsus Pharmaceuticals completes the acquisition of iRenix Medical for up to $565m.

Tarsus Pharmaceuticals, a company that develops and commercializes prescription topical ophthalmic drugs for eyelid and ocular surface diseases, completed the acquisition of iRenix Medical, a clinical-stage ophthalmic biopharmaceutical company, for up to $565m, according to press releases.

Tarsus Pharmaceuticals was advised by Gunderson Dettmer Stough Villeneuve Franklin & Hachigian. iRenix Medical was advised by Piper Sandler and DLA Piper, according to press releases.

Infoblox to acquire Kentik.

Infoblox, a global provider of cloud-first networking and security services, agreed to acquire Kentik, a SaaS network intelligence platform for enterprise and service-provider infrastructure teams, according to press releases. Financial terms were not disclosed.

Infoblox is advised by Cleary Gottlieb Steen & Hamilton. Kentik is advised by Oppenheimer & Co and Fenwick & West, according to press releases.

F.L.Putnam completes the acquisition of Seascape Capital Management.

F.L.Putnam, an independent registered investment advisory firm, completed the acquisition of Seascape Capital Management, an independent wealth management firm, according to press releases. Financial terms were not disclosed.

F.L.Putnam was advised by KWM Communications (led by Kellie Walsh and Erin Farrell Talbot). Seascape Capital Management was advised by Colchester Partners, according to press releases.

Frazier Healthcare Partners to acquire MatrixCare from ResMed.

Frazier Healthcare Partners, a private equity investment firm, agreed to acquire MatrixCare, a healthcare software provider, from ResMed, a global medical technology company, according to press releases. Financial terms were not disclosed.

ResMed is advised by Houlihan Lokey and Brunswick Group, according to MergerLinks data.

Silver Oak Services Partners-backed CCS Facility Services completes the acquisition of Alabama Cleaning Service.

Silver Oak Services Partners-backed CCS Facility Services, a provider of janitorial, facility engineering, and building maintenance services, completed the acquisition of Alabama Cleaning Service, a provider of commercial janitorial and facility cleaning services, according to press releases. Financial terms were not disclosed.

CCS Facility Services was advised by Three Sixty Seven Advisors (led by Ryan Wood), according to press releases.

Juniper Landscaping completes the acquisition of Compass Environmental and Aquatic Weeds.

Juniper Landscaping, a full-service design, build, and management company, completed the acquisition of Compass Environmental and Aquatic Weeds, environmental services companies, according to press releases. Financial terms were not disclosed.

Juniper Landscaping was advised by Gregory FCA (led by Daniel Abramson), according to press releases.

Byrna Technologies to acquire HERO Defense Systems.

Byrna Technologies, a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, agreed to acquire HERO Defense Systems, a complementary personal defense company offering compact, easy-to-use less-lethal self-defense products, according to press releases. Financial terms were not disclosed.

Byrna Technologies is advised by Gateway Group, according to press releases.

Dream Finders Homes responds to Beazer Homes and reiterates commitment to constructive engagement share. (Press Release)

Dream Finders Homes has reaffirmed its proposal to acquire Beazer Homes USA in an all-cash transaction valued at $32.00 per share.

Dream Finders said it remains committed to pursuing a deal and reiterated its willingness to sign a confidentiality agreement with a limited standstill provision to begin due diligence and confirm its final offer for Beazer shareholders.

Bezo's Blue Origin to seek funds at $130bn valuation. (Bloomberg)

Blue Origin is launching its first external fundraising round, seeking to raise $10bn at a $130bn pre-money valuation.

The financing comes amid heightened investor interest in the space sector following the successful IPO of rival SpaceX. Coatue Management is expected to lead the round with a $4bn investment, though discussions are ongoing and the terms could still change.

Nvidia rival Positron holds talks to raise funds at $5bn valuation. (Bloomberg)

Positron is in talks to raise approximately $750m in a two-stage funding round as it seeks to expand its challenge to Nvidia.

The first tranche of the financing is expected to value Positron at around $3.5bn, while the second phase could lift the company's valuation to approximately $5bn. Terms of the fundraising are still under discussion and may change.

Brazil energy firm Origem to seek $2.5bn valuation. (Bloomberg)

Origem Energia is exploring strategic alternatives to raise capital, targeting an enterprise value of $2bn to $2.5bn.

The company is evaluating options to attract new investment as it seeks funding for its next phase of growth. Deliberations are ongoing, and no final decision has been made on the structure or timing of a potential transaction.

Bank of America extends first $520m loan to OpenAI ahead of IPO. (Reuters)

Bank of America has extended a $520m credit facility to OpenAI, marking the bank's first loan to the AI developer as it prepares for a potential initial public offering.

The financing makes Bank of America one of OpenAI's largest lenders and strengthens its position in the fast-growing market for AI-related capital markets financing.

Luxury car firm DuPont Registry Group to pick banks for IPO. (Bloomberg)

DuPont Registry Group has selected Morgan Stanley, Barclays, Jefferies Financial Group and Royal Bank of Canada to lead a planned US initial public offering.

The IPO could take place as soon as 2026 and is expected to raise a few hundred million dollars. Deliberations are ongoing, and the timing and size of the offering remain subject to market conditions.

Serent Capital raises oversubscribed $1.3bn Fund VI to partner with founder-led software and technology-enabled services companies. (Press Release)

Serent Capital has closed its sixth flagship fund with $1.3bn in investor commitments, marking the largest fundraising in the firm's history.

The fund was significantly oversubscribed and increases Serent Capital's total capital commitments to more than $5bn. The firm focuses on investing in founder-led software and technology-enabled services companies.

Avant Natural Resources closes oversubscribed fundraise with over $1bn of Aggregate Commitments. (Press Release)

Avant Natural Resources has held the final close of Avant Natural Resources Fund II at its hard cap, securing more than $1bn in total equity capital commitments.

Fund II will invest in opportunities across the natural resources sector, marking the firm's latest flagship fundraising.

EMEA

S-Bank to acquire Oma Savings Bank for €571.4m.

S-Bank, a Finnish retail bank, offered to acquire Oma Savings Bank, a Finnish retail bank, for €571.4m ($652m), according to press releases.

S-Bank is advised by Danske Bank, PricewaterhouseCoopers, Borenius and IR Partners. Oma Savings Bank is advised by Ernst & Young, Krogerus and Rud Pedersen, according to press releases.

Blue Owl Capital and Moor Park Capital Partners complete the acquisition of a portfolio of 12 acute-care hospitals from Spire Healthcare Group.

Blue Owl Capital, an alternative asset management firm, and Moor Park Capital Partners, a real estate private equity investment and asset management firm, completed the acquisition of a portfolio of 12 acute-care hospitals from Spire Healthcare Group, a United Kingdom-based independent hospital group, according to press releases. Financial terms were not disclosed.

Blue Owl Capital was advised by Deloitte, Rothschild & Co, Hogan Lovells and Kirkland & Ellis. Debt financing was provided by Credit Agricole, Natixis Partners and Standard Chartered Bank, according to press releases.

York Space Systems completes the acquisition of ALL.SPACE for $300m.

York Space Systems, a national defense and commercial prime, completed the acquisition of ALL SPACE, a provider of advanced satellite communications terminals and multi-network connectivity solutions, for $300m, according to press releases.

York Space Systems was advised by Jefferies & Company and Sheppard Mullin Richter & Hampton. ALL SPACE was advised by Barclays, according to press releases and MergerLinks data.

Harbor completes the acquisition of iTrain.

Harbor, a provider of professional and technology services to the legal industry, completed the acquisition of iTrain, a specialist UK firm in legal technology training, user adoption, change management, and AI enablement, according to press releases. Financial terms were not disclosed.

Harbor was advised by Gasthalter & Co (led by Nathaniel Garnick) and Limelight (led by Erin Harrison), according to press releases.

VAROPreem completes the acquisition of Sunpine.

VAROPreem, an integrated energy company, completed the acquisition of Sunpine, a renewable fuels and bio-based products company, according to press releases. Financial terms were not disclosed.

VAROPreem was advised by Brunswick Group (led by William Medvei and Scott Durant), according to press releases.

DEUTZ to acquire FFG for €1.6bn.

DEUTZ, an independent engine manufacturer, agreed to acquire FFG, a defense and engineering company, for €1.6bn ($1.83bn), according to press releases.

FFG is advised by Rothschild, according to MergerLinks data.

Segro lays out defence as it battles £12.6bn takeover attempt by US rival. (FT)

Segro has urged shareholders to back its standalone strategy, arguing that a £12.6bn ($16.8bn) takeover proposal from Prologis significantly undervalues the business and its long-term growth prospects.

To support its case, SEGRO highlighted its long-term growth strategy and an independent valuation by CBRE, maintaining that its development pipeline and future earnings potential justify a higher valuation than the current offer.

Adani Enterprises, France's Dioxycle partner on low-carbon chemicals in India. (Reuters)

Adani Enterprises has entered into a long-term partnership with French clean-technology company Dioxycle to develop and scale low-carbon chemical production in India.

The collaboration will initially focus on building a pilot plant to produce formic acid using renewable energy and captured carbon dioxide, with plans to expand to commercial-scale manufacturing. The partners will also explore producing other low-carbon chemicals that help reduce industrial emissions.

MBV Investments announces $2.5bn in commitment by the Al Mazroui Group. (Press Release)

MBV Investments has secured $3bn in limited partner commitments toward its $10bn fundraising target.

The commitments include a $2.5bn capital commitment from Al Mazroui Group and a $500m colored-gemstone-backed certificate contribution from Senglea Capital Management, which is serving as the fund's special limited partner. The fund plans to invest in precious-colored gemstones.

APAC

Marex Group to acquire Bright Point International.

Marex Group, the diversified global financial services platform, agreed to acquire Bright Point International, an Asian focused clearing business, according to press releases. Financial terms were not disclosed.

Marex Group is advised by FTI Consulting, according to press releases.

Warburg Pincus to invest in CreditorWatch.

Warburg Pincus, a US-based private equity firm, agreed to invest in CreditorWatch, a commercial credit reporting and risk management platform, according to press releases. Financial terms were not disclosed.

Australia's Steadfast exclusivity period extended as US consortium reaffirms $5.3bn bid. (Reuters)

A consortium consisting of Amwins Group and Dragoneer Investment Group has reaffirmed its takeover proposal, valuing Steadfast at AUD7.7bn ($5.3bn).

The parties have agreed to extend the exclusivity period by four weeks to continue due diligence and negotiations.

Zhipu surges 22% after $4bn share sale priced at the low end. (Bloomberg)

Zhipu raised $4bn in a follow-on share sale priced at the bottom of the marketed range, with the offering priced at a 13% discount to the previous closing price.

Despite the discounted pricing, the company's Hong Kong-listed shares surged as much as 22% after the placement, reflecting strong investor demand. The transaction was more than six times larger than Zhipu's initial public offering in December 2025, and the stock has gained approximately 1.7% since its market debut.

China chipmaker CXMT to launch $4.3bn IPO next week. (Bloomberg)

CXMT will open investor subscriptions for its initial public offering next week, entering the final stage of what is expected to be China's most closely watched listing of 2026.

The memory chip maker is offering 6.688bn shares, with 50% allocated to cornerstone investors. If the overallotment option is fully exercised, the offering would increase to 7.69bn shares, representing approximately 11.3% of the company's total share capital.

Apple supplier Luxshare drops after $3bn Hong Kong debut. (Bloomberg)

Luxshare Precision Industry raised HKD24.3bn ($3.1bn) in Hong Kong's largest initial public offering of 2026, but its shares fell on their trading debut.

The Apple supplier priced the offering at HKD63.28 ($8.07) per share, the top of the marketed range, after selling 383.5m shares. The stock closed 1.6% lower at HKD62.30 ($7.9), having fallen as much as 9.6% during the session. Meanwhile, Luxshare's Shenzhen-listed shares rose 3.2%, leaving them trading at an approximately 19% premium to the Hong Kong-listed shares.

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