A consortium led by GO Residential REIT to acquire H&R REIT in a CAD6.7bn deal.

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AMERICAS

Onex Partners and TriWest Capital Partners complete the acquisition of AirSprint.

Onex Partners and TriWest Capital Partners, the private equity firms, and certain other co-investors, completed the acquisition of AirSprint, a fractional jet operator in Canada, according to press releases. Financial terms were not disclosed.

Onex Partners and co-investors were advised by RBC Capital Markets, DLA Piper, Goodmans and Kirkland & Ellis. TriWest Capital Partners was advised by Bennett Jones. AirSprint was advised by CIBC Capital Markets, Jefferies & Company and Blake Cassels & Graydon (Blakes), according to press releases and MergerLinks data.

Grain Management completes the acquisition of the 800 MHz spectrum portfolio from T-Mobile for $2.9bn.

Grain Management, a private equity firm specializing in digital infrastructure investments, completed the acquisition of the 800 MHz spectrum portfolio from T-Mobile, a telecommunications company, for $2.9bn, according to press releases.

Grain Management was advised by BDT & MSD Partners, Goldman Sachs,
Hogan Lovells, Milbank and Black & Veatch. T-Mobile was advised by TAP Advisors and Cleary Gottlieb Steen & Hamilton (led by Christopher R. Moore), according to press releases and MergerLinks data.

Goldman Sachs to acquire NEOS Investments for $2.25bn.

Goldman Sachs, a global investment banking, securities and investment management firm, agreed to acquire NEOS Investments, a specialized provider of systematic options-based income exchange-traded funds, for $2.25bn, according to press releases.

Goldman Sachs is advised by Wachtell Lipton Rosen & Katz, Willkie Farr & Gallagher and Goldman Sachs. NEOS Investments is advised by Barclays, Ropes & Gray and Burson Buchanan, according to press releases.

A consortium led by Blackstone and La Caisse to invest CAD2.5bn in Aeroplan.

A consortium led by Blackstone, a multinational private equity firm, and La Caisse, a Canada-based investment group, including PSP Investments and British Columbia Investment Management Corporation, agreed to invest CAD2.5bn in Aeroplan, the frequent-flyer program owned by Air Canada, according to press releases.

Aeroplan and Air Canada are advised by Bank of America, Deloitte and Stikeman Elliott. Blackstone is advised by Scotiabank, Blake Cassels & Graydon (Blakes) and Kirkland & Ellis, according to press releases.

Katapult completes the merger with Aaron’s and CCF Holdings.

Katapult, a technology driven lease-to-own platform, completed the merger with Aaron’s, a technology-enabled, omni-channel provider of lease-to-own and retail purchase solutions, and CCF Holdings, a provider of alternative financial services, according to press releases. Financial terms were not disclosed.

Katapult was advised by Guggenheim Partners, Davis Polk & Wardwell (led by Paul S. Scrivano) and MacKenzie Partners. Aaron’s was advised by JP Morgan and King & Spalding. CCF Holdings was advised by Morrison Foerster (led by Leo Martin, John T. Owen, Larry P. Medvinsky and Michael O'Bryan), according to press releases and MergerLinks data.

Apollo Sports Capital to invest $2.6bn in Yankee Global Enterprises.

Apollo Sports Capital, a US-based sports investment platform of Apollo Global Management, agreed to invest $2.6bn in Yankee Global Enterprises, the holding company of the New York Yankees, according to press releases.

Apollo Sports Capital is advised by Katten Muchin Rosenman and Paul Weiss Rifkind Wharton & Garrison (led by Joseph Glatt, Ross Fieldston, Michael Montgomery and Mark B. Wlazlo). Yankee Global Enterprises is advised by Goldman Sachs, Gibson Dunn & Crutcher and Rubenstein Associates, according to press releases and MergerLinks data.

Xylem to acquire the Cornell Pump and Roper Pump businesses from CD&R-backed Indicor for $1.46bn.

Xylem, a global water technology company, agreed to acquire the Cornell Pump and Roper Pump businesses from CD&R-backed Indicor, a diversified industrial solutions company, for $1.46bn, according to press releases.

Xylem is advised by Centerview Partners. Indicor is advised by Evercore, Goldman Sachs and Debevoise & Plimpton (led by Uri Herzberg, Benjamin Collins-Wood and Spencer K. Gilbert), according to press releases and MergerLinks data.

National CineMedia to acquire Captivate Holdings from Generation Partners for $275m.

National CineMedia, an American cinema advertising company, agreed to acquire Captivate Holdings, a digital out-of-home media company, from Generation Partners, a private equity firm, for $275m, according to press releases.

National CineMedia is advised by Bank of America and Hogan Lovells Cadwalader. Captivate Holdings is advised by Solomon Partners and Gibson Dunn & Crutcher, according to press releases.

eToro to acquire TradeZero for up to $231m.

eToro, a global multi-asset investment and social trading platform, agreed to acquire TradeZero, a US-focused online brokerage serving active traders, for up to $231m, according to press releases.

eToro is advised by Jefferies & Company and Simpson Thacher & Bartlett. TradeZero is advised by JP Morgan and Choate Hall & Stewart, according to press releases.

Vance Street-backed Keltec Technolab completes the acquisition of AJR Filtration.

Vance Street-backed Keltec Technolab, a manufacturer of industrial filtration products and solutions, completed the acquisition of AJR Filtration, a family-owned manufacturer of liquid and dust filtration products, according to press releases. Financial terms were not disclosed.

AJR Filtration was advised by Robert W Baird and Barnes & Thornburg. Vance Street was advised by Lincoln International and Winston Taylor, according to press releases.

CHG Healthcare completes the acquisition of KREWE Anesthesia.

CHG Healthcare, a healthcare workforce solutions company, completed the acquisition of KREWE Anesthesia, a staffing firm specializing in certified registered nurse anesthetist staffing, according to press releases. Financial terms were not disclosed.

CHG Healthcare was advised by MTS Health Partners and Latham & Watkins. KREWE Anesthesia was advised by Citizens M&A and Nelson Mullins Riley & Scarborough, according to press releases.

Phillips 66, Kinder Morgan and HF Sinclair to form a $5bn joint venture.

Phillips 66, Kinder Morgan and HF Sinclair, the American energy companies, agreed to form a $5bn joint venture, to develop the Western Gateway Pipeline system. Under the joint venture, Phillips 66 will hold a 49.9% stake, Kinder Morgan 35.1% and HF Sinclair 15% in the system, according to press releases.

HF Sinclair is advised by Vinson & Elkins (led by Crosby Scofield), according to MergerLinks data.

T. Rowe Price led a $750m Series G round in Form Energy.

T. Rowe Price, a US-based global asset management company, led a $750m Series G round in Form Energy, an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems, with participation from Sequoia Capital, Janus Henderson, Franklin Templeton, PEAK6 Investments, Prelude Ventures, Engine Ventures, TPG Rise Climate, Capricorn’s Technology Impact Funds, Breakthrough Energy Ventures, Dustin Moskovitz, Cari Tuna, Gigascale Capital, Coatue, Energy Impact Partners, NGP, GE Vernova, Blindspot Ventures and M&G Catalyst Fund, according to press releases.

T. Rowe Price was advised by Morgan Stanley, according to press releases.

Joby Aviation to acquire Resonant Sciences for $500m.

Joby Aviation, a pioneer in the development of an electric air taxi, agreed to acquire Resonant Sciences, a defence technology company, for $500m, according to press releases.

Joby Aviation is advised by Morgan Stanley, according to MergerLinks data.

General Catalyst and AMP PBC led a $1.1bn Series A round in River AI.

General Catalyst, a venture capital firm, and AMP PBC, a public benefit corporation, led a $1.1bn Series A round in River AI, a full-stack AI company, with participation from NVIDIA, AMD Ventures, Y Combinator and Temasek, according to press releases.

Ming Shing Group to acquire Meals Through Seasons for $510m.

Ming Shing Group, a Hong Kong-based construction services company, agreed to acquire Meals Through Seasons, an agricultural supply chain company focused on organic agricultural products, for $510m, according to press releases.

Uber exits Serve Robotics stake as delivery alliance unravels. (Bloomberg)

Uber Technologies has exited its investment in Serve Robotics, ending a long-standing ownership relationship between the companies as they pursue different approaches to autonomous delivery services.

Serve Robotics, which develops autonomous sidewalk delivery robots, had counted Uber as an investor since its separation from Postmates following Uber's acquisition of the food delivery platform. The divestment comes amid disagreements over the deployment of delivery robots.

AI startup Cognition in new funding talks at $40bn value. (Bloomberg)

Cognition AI is in discussions with investors regarding a new funding round that could increase the coding‑software company's valuation to at least $40bn.

The financing would follow a $1bn capital raise completed earlier this year and reflects continued investor interest in artificial intelligence developers. The company has reportedly experienced significant growth in revenue as it expands its AI coding platform.

AbCellera announces proposed public offering of common stock and pre-funded warrants. (Press Release)

AbCellera Biologics has launched an underwritten public offering of $200m of common shares and pre-funded warrants.

The company expects to use the proceeds to support research, development and clinical advancement of its pipeline, including its lead clinical programme, ABCL635, as well as for working capital and general corporate purposes.

Barrick taps Bock to lead ex-North America unit ahead of IPO. (Bloomberg)

Barrick Mining has appointed Sebastian Bock as chief executive officer of its operations outside North America as the company advances plans to reorganize its global business.

Bock will oversee assets across Africa, the Middle East, Latin America and Asia-Pacific in a newly created role. The appointment comes as Barrick prepares for a planned IPO of its North American business later this year and continues broader changes to its management structure.

EMEA

Paprec Group to acquire an 80% stake in Brantner Green Solutions.

Paprec Group, a French industrial waste management and recycling company, agreed to acquire an 80% stake in Brantner Green Solutions, an Austria-based waste management and recycling company. The Brantner family will retain the remaining 20% and will continue to support the company’s development, according to press releases. Financial terms were not disclosed.

Paprec Group is advised by Weil Gotshal and Manges (led by Frederic Cazals, Andreas Holzgreve and Kamyar Abrar) and Kinstellar (led by Horst Ebhardt and Hartwig Kienast). Brantner family is advised by Rothschild & Co, according to MergerLinks data.

Influence Media Partners completes the investment in IPNation.

Influence Media Partners, a music and entertainment company, completed the investment in IPNation, a MENA-focused music rights platform, according to press releases. Financial terms were not disclosed.

Influence Media Partners was advised by Hustle&Co and North Seventy Five (led by Muneira Al Adwani), according to press releases.

Alfasigma to acquire Nordic Pharma from SEVER Life Sciences.

Alfasigma, a global pharmaceutical company, agreed to acquire Nordic Pharma, a Netherlands-based specialty pharmaceutical company, from SEVER Life Sciences, a Netherlands-based private life sciences holding company, according to press releases. Financial terms were not disclosed.

Nordic Pharma and SEVER Life Sciences are advised by Jefferies & Company, according to MergerLinks data.

US opens in-depth antitrust review of Kone-TK Elevator deal. (Bloomberg)

Kone's proposed €29.4bn ($34.4bn) acquisition of TK Elevator is under investigation by the US Department of Justice as regulators assess the transaction's impact on competition in the elevator industry.

The DOJ has opened an in-depth antitrust review to evaluate whether the merger could reduce competition in the US market. The transaction would combine two major industry participants and create the world's largest elevator manufacturer.

Tony Blair’s son seeks funding for defence tech start-up. (Reuters)

Nick Blair has founded defence technology startup Pyra and is seeking to raise approximately $200m to support the company's growth.

The London-based business is developing technology designed to integrate multiple systems into a unified platform. Fundraising discussions are ongoing and no financing has been finalized.

APAC

Amkor is said to mull stake sale in $1.5bn China unit. (Bloomberg)

Amkor Technology is evaluating strategic options for its China operations, including a potential sale of a stake in the business.

The semiconductor packaging and testing provider is working with advisers on a possible carveout of the unit and has begun assessing investor interest. Amkor may retain a minority stake in the business, which could be valued at between $1bn and $1.5bn.

Top Philippine conglomerate to create Nation’s largest miner. (Bloomberg)

SM Investments plans to consolidate its mining interests under Dominion Holdings through the transfer of its 34% stake in Atlas Consolidated Mining and Development.

The restructuring is intended to bring the group's mining assets under a single listed entity and could ultimately include additional mining operations within the portfolio.

AI startup Manus to resume independent operations as deal with Meta unwinds. (Reuters)

AI startup Manus will resume operating as an independent company following the unwinding of its acquisition by Meta.

As part of the separation process, certain user data will be deleted to comply with regulatory requirements in specific jurisdictions. The move follows regulatory action that required Meta to reverse its acquisition of Manus, while the company continues to pursue its operations as a standalone business.

Mitsubishi-backed PE weighs exit from SG logistics firm BHS Kinetic. (DealStreetAsia)

AIGF Advisors is exploring an exit from BHS Kinetic, a Singapore-based logistics services provider, as the private equity firm evaluates options to monetize its investment.

The review remains ongoing and could involve discussions with potential buyers. AIGF acquired a significant stake in BHS Kinetic in 2022 through its ASEAN-focused private equity strategy.

Situational Awareness buys stake in Taiyo Yuden, shares rise. (Bloomberg)

Situational Awareness disclosed a stake in Japanese electronic components manufacturer Taiyo Yuden, building its ownership to as much as 16.61% before subsequently reducing the position.

Regulatory filings showed the hedge fund later cut its holding to 4.41%. The disclosure prompted a rise in Taiyo Yuden's share price as investors assessed the fund's involvement in the company.

Zetwerk is said to plan public filing for $400m India IPO. (Bloomberg)

Zetwerk is preparing for an initial public offering that could raise up to $400m, as the Indian contract manufacturer moves forward with plans to access public markets.

The Bengaluru-based company confidentially filed for an IPO earlier this year and is expected to submit updated documentation ahead of investor meetings. The offering could launch as early as September, subject to market conditions.

Temasek-backed Milky Mist's $163m India IPO fully subscribed. (DealStreetAsia)

Milky Mist Dairy Food's INR15.53bn ($163m) initial public offering was fully subscribed on the second day of bidding, driven by demand from retail and non-institutional investors.

The dairy products manufacturer previously raised INR4.65bn ($48.75m) from anchor investors, including Temasek and the International Finance Corporation, ahead of the offering. The IPO implies a valuation of approximately INR107.8bn ($1.13bn) at the top end of the price range.

Accel raises $550m for ninth India early-stage fund. (DealStreetAsia)

Accel has closed its ninth India-focused venture capital fund at $550m, strengthening its commitment to backing early-stage startups across sectors including artificial intelligence, fintech, consumer technology and advanced manufacturing.

The new vehicle forms part of a broader global fundraising effort and follows Accel's previous $650m India fund raised in 2025. The firm expects to continue supporting early-stage companies in India while maintaining significant capital available for future investments.

China's GigaDevice commits $100m to Yunfeng's $2bn fund. (DealStreetAsia)

GigaDevice Semiconductor has committed $100m to a new US dollar-denominated fund managed by Yunfeng Capital, supporting the private equity firm's latest fundraising initiative. The investment forms part of Yunfeng Capital's effort to raise a fund of approximately $2bn.

The commitment reflects continued interest from corporate investors in partnering with private equity managers focused on technology and growth opportunities.

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