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Top Highlights
65 Equity Partners, a private equity firm, completed the investment in Allied OMS, a doctor-led management services organization supporting oral and maxillofacial surgery practices, according to press releases. Financial terms were not disclosed.
Allied OMS was advised by BDO, Cain Brothers, KeyBanc Capital Markets and Miller Johnson. 65 Equity Partners was advised by Aon, Bain Capital, Baker McKenzie, PricewaterhouseCoopers, Jefferies & Company, Scherzer International, Goodwin Procter and FTI Consulting, according to press releases and MergerLinks data.
GlycoMimetics, a late clinical-stage biotechnology company, completed the merger withe Crescent Biopharma, a biotechnology company advancing a pipeline of oncology therapeutics designed to treat solid tumors, according to press releases. Financial terms were not disclosed.
Crescent Biopharma was advised by Jefferies & Company, LifeSci Partners, Stifel, TD Cowen, Wedbush PacGrow and Gibson Dunn & Crutcher (led by Branden C. Berns). Financial advisors were advised by Covington & Burling. GlycoMimetics was advised by Lucid Capital Markets, Sidley Austin (led by Asher Rubin and John H. Butler) and Argot Partners, according to press releases and MergerLinks data.
Providence Equity Partners-backed 365 Retail Markets, an innovator in unattended retail technologies, agreed to acquire Cantaloupe, a global technology company offering end-to-end technology solutions for self-service commerce, for $848m, according to press releases.
Cantaloupe is advised by JP Morgan, King & Spalding and ICR. Providence Equity Partners and 365 Retail Markets are advised by William Blair & Co and Weil Gotshal and Manges (led by Ramona Nee and James Griffin). Providence Equity Partners is advised by FGS Global (led by Kelsey Markovich), according to press releases.
Deal Round up
AMERICAS
EMEA
Triton and Carlyle consider bids for Germany’s REMA Tip Top. ( Reuters)
Swiss investor raises stake in Studsvik to nearly 30% with growth plans. ( Bloomberg)
Nissan plans to cut stake in Renault. ( Reuters)
Metro Bank shares surge on report of Pollen Street takeover approach. ( Bloomberg)
Former Credit Suisse banker Ringer joins German private equity firm Vorsprung. (Bloomberg)
APAC
Adnoc makes $18.7bn takeover bid for Australia’s Santos. ( Bloomberg)
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INVESTORS
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AMERICAS
Constellation announced on June 16 that it has received regulatory approval from the New York State Public Service Commission for its planned acquisition of Calpine Corporation.
The approval marks a key step in Constellation’s strategy to merge the nation’s largest zero-emissions nuclear fleet with Calpine’s portfolio of low-emission natural gas and geothermal assets. The combined company will create a coast-to-coast platform designed to meet rising demand for reliable, around-the-clock sustainable energy.
Constellation is advised by JP Morgan, Lazard, Joele Frank (led by Kara Brickman and Carly King) and Kirkland & Ellis (led by David Feirstein and Douglas Bacon). Financial advisors are advised by Fried Frank Harris Shriver & Jacobson (led by Roy Tannenbaum) and Gibson Dunn & Crutcher (led by Hillary Holmes). Calpine is advised by Barclays, Evercore, Goldman Sachs, Morgan Stanley, Latham & Watkins (led by David Kurzweil and Edmond R. Parhami) and White & Case (led by Mingda Zhao, Michael Shenberg and Emilio Grandio). Energy Capital Partners is advised by FGS Global (led by Kerry Golds and Kelsey Markovich). Access Industries is advised by Debevoise & Plimpton (led by Eric T. Juergens, Matthew E. Kaplan, Christopher Anthony and Jonathan Levitsky), according to press releases and MergerLinks data.
Summit Partners, a private equity firm, completed the investment in RIS Rx, a healthcare technology company, according to press releases. Financial terms were not disclosed.
Summit Partners is advised by Bank of America and Kirkland & Ellis. RIS Rx is advised by Jamieson, Morgan Stanley, DLA Piper and Latham & Watkins, according to press releases.
Partners Group, a private equity firm, completed the acquisition of a portfolio of energy transition-focused assets from Avenue Golden Continuation Fund, a fund managed by Avenue and operated by Middle River Power, for $2.2bn, according to press releases.
Partners Group was advised by Santander. Avenue Golden Continuation was advised by Guggenheim Partners, Morgan Stanley, Latham & Watkins (led by Paul Kukish) and Kekst CNC (led by Todd Fogarty), according to press releases and MergerLinks data.
Supernus Pharmaceuticals, a biopharmaceutical company focused on developing and commercializing products for the treatment of central nervous system diseases, agreed to acquire Sage Therapeutics, a biopharmaceutical company providing brain health medicines, for $795m, according to press releases.
Supernus Pharmaceuticals is advised by Moelis & Co, Saul Ewing Arnstein & Lehr and ICR Healthcare (led by Peter Vozzo). Sage Therapeutics is advised by Goldman Sachs and Kirkland & Ellis, according to press releases.
Baker Hughes, an energy technology company, agreed to acquire Continental Disc Corporation, provider of safety-critical pressure management solutions, from Tinicum, a private equity firm, for $540m, according to press releases.
Baker Hughes is advised by Jefferies & Company and King & Spalding. Continental Disc Corporation is advised by Robert W Baird, William Blair & Co and Morrison & Foerster, according to press releases.
Commerce Bancshares, a regional bank holding company, agreed to merge with FineMark, a nationally chartered commercial bank and trust company, in a $585m deal, according to press releases.
Commerce Bancshares is advised by Keefe Bruyette & Woods and Holland & Knight. FineMark is advised by Piper Sandler and Alston & Bird, according to press releases.
Vista Equity Partners, a global technology investor that specializes in enterprise software, completed an investment in Amtech Software, a provider of manufacturing ERP software and technology services for the packaging and other manufacturing industries, according to press releases. Financial terms were not disclosed.
Vista Equity Partners was advised by William Blair & Co and Kirkland & Ellis. Peak Rock was advised by Kekst CNC (led by Daniel Yunger), according to press releases.
Banner Capital-backed Averra Holdings, a provider of a custom, sterile packaging solutions for medical devices, completed the investment in ZIEN Medical, a provider of a range of product development and manufacturing services for medical device companies, according to press releases. Financial terms were not disclosed.
ZIEN Medical was advised by Outcome Capital and McDonald Hopkins. Averra Holdings was advised by McGuireWoods, according to press releases.
Shore Capital-backed FirmaPak, a manufacturer of blow molded packaging solutions, completed the acquisition of Lighthouse Packaging, a blow molder and decorator of plastic packaging solutions, according to press releases. Financial terms were not disclosed.
Brookfield Infrastructure, a private equity firm, completed the investment in Hotwire Communications, a provider of all-fiber broadband and telecommunication services, according to press releases. Financial terms were not disclosed.
EMEA
Hunter Point Capital, an independent investment firm providing capital solutions and strategic support to alternative asset managers, agreed to acquire 16.1% stake in Equitix, an international investor, developer and fund manager in infrastructure, from Tetragon Financial Group, an investment company, for £209m ($283.6m), according to press releases.
Equitix is advised by Ashurst. Hunter Point Capital is advised by Latham & Watkins. Tetragon Financial Group is advised by Bank of America, Dechert and Prosek Partners, according to press releases.
Tikehau Capital, a private equity and venture capital firm, agreed to acquire ScioTeq, a manufacturer of displays for the aviation and defense industries, from OpenGate, a global private equity firm, according to press releases. Financial terms were not disclosed.
OpenGate is advised by Lazard, McDermott Will & Emery and Profile Advisors, according to press releases.
Eaton, an intelligent power management company, agreed to acquire Ultra PCS, a producer of electronic controls, sensing, stores ejection and data processing solutions for aerospace customers, from Cobham Ultra, a defence electronics solutions provider, for $1.55bn, according to press releases.
Wedbush, a diversified financial services holding compan completed the investment in Trigon, a Central and Eastern European investment banking firm, according to press releases. Financial terms were not disclosed.
Triton and Carlyle consider bids for Germany’s REMA Tip Top. ( Reuters)
Private equity firms including Carlyle and Triton are evaluating potential bids for REMA Tip Top, a German industrial equipment manufacturer exploring a possible sale.
The family-owned company, known for its conveyor belt systems, is working with an adviser to assess strategic options. The exact size of the stake available for sale has not yet been determined.
Swiss investor raises stake in Studsvik to nearly 30% with growth plans. ( Bloomberg)
Swiss investor Daniel Aegerter has increased his stake in Swedish nuclear services firm Studsvik to 29.9% as part of a broader growth strategy aligned with the industry's revival.
Aegerter, who leads Zurich-based family office Armada Investment, initially acquired a 9.9% stake in February 2025. The investment in Studsvik is held directly in his own name.
Nissan plans to cut stake in Renault. ( Reuters)
Nissan CEO Ivan Espinosa stated that the company intends to reduce its stake in French automaker Renault..
In March 2025, Nissan and Renault agreed to lower their minimum cross-shareholding to 10% from 15%. Any stake sale must be coordinated between the two companies and includes a right of first refusal.
Metro Bank shares surge on report of Pollen Street takeover approach. ( Bloomberg)
Shares of Metro Bank rose sharply after reports that Pollen Street Capital recently approached the lender with a potential takeover offer.
The private equity firm, a key shareholder in Shawbrook—a mid-sized bank that had previously explored a merger with Metro Bank—has reportedly reengaged with the UK lender in recent weeks.
Former Credit Suisse banker Ringer joins German private equity firm Vorsprung. ( Bloomberg)
Joachim Ringer, a former investment banker at Credit Suisse, has joined German mid-cap private equity firm Vorsprung Management as a partner.
He will focus on investments in European medium-sized companies and lead efforts to expand the firm’s strategic presence.
APAC
NewQuest Capital-backed Inflection Resources, a Canada-based copper-gold focused mineral exploration company, agreed to acquire a portfolio of Australian copper-gold exploration projects from Newmont, an American gold mining company, according to press releases. Financial terms were not disclosed.
Adnoc makes $18.7bn takeover bid for Australia’s Santos. ( Bloomberg)
Abu Dhabi National Oil has submitted an $18.7bn bid to acquire Santos, an Australian fossil fuel producer, as it seeks to expand its liquefied natural gas portfolio.
The offer marks one of the largest moves by Adnoc’s investment arm, which is increasingly focusing on LNG amid growing global demand. Santos holds significant stakes in production assets across Australia and Papua New Guinea.
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