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AMERICAS
Metsera has amended its merger agreement with Pfizer. Under the revised terms, Pfizer will acquire Metsera for up to $86.25 per share, including $65.6 in cash and a contingent value right offering potential additional cash payments of up to $20.65 per share.
Metsera is advised by Bank of America, Goldman Sachs, Guggenheim Partners, Allen & Company, and Paul Weiss Rifkind Wharton & Garrison (led by Scott Barshay, Andrew Krause, and Benjamin Goodchild). Financial advisors are advised by Skadden Arps Slate Meagher & Flom (led by Thomas Greenberg). Pfizer is advised by Citigroup and Wachtell Lipton Rosen & Katz (led by Steven Green and David Lam), according to press releases and MergerLinks data.
NexPhase Capital Partners, a private equity firm, completed the investment in Always Best Care, a franchisor of in-home senior care services, according to press releases. Financial terms were not disclosed.
ABC was advised by Robert W Baird (led by Ryan Brunker), Nixon Peabody and Tidehouse Agency. NexPhase was advised by Houlihan Lokey, McDermott Will & Schulte and Joele Frank (led by Kate Thompson), according to MergerLinks data and press releases.
Bonaccord Capital, a private equity firm, completed the acquisition of a minority stake in Kingswood Capital, a private equity firm focused on buyouts in middle-market businesses, according to press releases. Financial terms were not disclosed.
Kingswood Capital was advised by Houlihan Lokey and Kirkland & Ellis. Bonaccord Capital was advised by Sidley Austin (led by Shant P. Manoukian and Andrew Colosimo) and Prosek Partners, according to MergerLinks data and press releases.
Stewart Information Services Corporation, a global real estate services company, agreed to acquire the mortgage services business line from Mortgage Contracting Services, a property‑preservation provider serving mortgage servicers and lenders, for $330m, according to press releases.
Stewart is advised by Troutman Pepper Locke. Mortgage Contracting Services is advised by Macquarie Group, BakerHostetler, and Great Ink Communications, according to press releases.
Archer Aviation, an electric vertical takeoff and landing aircraft company, agreed to acquire Hawthorne Airport, an airport in Los Angeles, for $126m, according to press releases.
Archer Aviation is advised by Cantor Fitzgerald, Moelis & Co, and The Brand Amp. Hawthorne Airport is advised by Moelis & Co, according to press releases.
Satair, an aviation parts and services company, agreed to acquire Unical Aviation, a global provider of aerospace aftermarket solutions, from Platinum Equity, a private equity firm, according to press releases. Financial terms were not disclosed.
Unical Aviation is advised by Fifth Third Securities, Jefferies & Company, and Reed Smith. Satair is advised by JP Morgan, according to press releases.
Diamond Antenna and Microwave, a developer of radio frequency rotary joints and rotating subsystems, completed the acquisition of Antenna Associates, a developer of IFF and SSR antenna systems for military and commercial radar applications. Financial terms were not disclosed.
Diamond Antenna and Microwave Corporation was advised by Mintz Levin and Philpott Ball & Werner. Antenna Associates was advised by Appleby and Morse Barnes-Brown & Pendleton.
Patricia Industries-backed Laborie Medical Technologies, a diagnostic and therapeutic medical technology company, agreed to acquire the JADA System from Organon, a healthcare company, for $465m, according to press releases.
Laborie is advised by Guggenheim Partners, Cooley and Simpson Thacher & Bartlett (led by Michael Holick), according to MergerLinks data and press releases.
Metro Communications, a regional fiber-optic network operator, agreed to acquire the Southern Illinois assets from Clearwave Fiber, a provider of advanced broadband and fiber-based services, from Cable On, broadband communications provider, according to press releases. Financial terms were not disclosed.
Metro Communications is advised by Morgan Stanley and DLA Piper, according to MergerLinks data and press releases.
MidOcean Partners-backed Questex, a B2B information services company, completed the acquisition of The Conference Forum, a life science industry research firm, and Versalinx Global Events, a provider of B2B events with a unique focus on the global pharmaceutical industry, according to press releases. Financial terms were not disclosed.
Ducker Holdings was advised by Clearsight Advisors (led by Joel Kallett), according to MergerLinks data.
The Riverside Company, a global investment firm, completed the investment in Pacific Lawn Sprinklers, a franchise network specializing in irrigation and landscape lighting services, according to press releases. Financial terms were not disclosed.
Riverside was advised by Jones Day (led by Joseph Hatina), according to MergerLinks data.
American Bancorp, a bank holding company, completed the merger with New Republic Partners, a bank, according to press releases. Financial terms were not disclosed.
Legacy Holdings-backed American Gridwork Partners, a firm focused on infrastructure services, completed the acquisition of PMT Site, an underground utility and site infrastructure contractor, according to press releases. Financial terms were not disclosed.
Enghouse Systems, a provider of enterprise software solutions, completed the acquisition of the telecommunications division from Sixbell, a technology firm providing telecommunications and customer engagement software solutions, according to press releases. Financial terms were not disclosed.
Comcast hires banks to explore bid for Warner Bros Discovery. ( Reuters)
Comcast has hired Goldman Sachs and Morgan Stanley as advisors and gained access to Warner Bros Discovery’s financial data room as it evaluates a potential bid for the company’s studio and streaming businesses.
The move suggests NBCUniversal’s parent is seriously assessing a takeover, though discussions remain preliminary.
NextEra Energy nears $800m deal for ECP-backed Symmetry. ( Bloomberg)
NextEra Energy is close to acquiring Symmetry Energy Solutions, an unregulated gas retail platform backed by Energy Capital Partners, in a deal valued at about $800m.
The acquisition would expand NextEra’s natural gas business alongside its wind and solar operations. Energy Capital Partners invested in Symmetry in 2020.
Onex eyes more insurance deals after $7bn AIG partnership. ( Bloomberg)
On completion, Onex will hold 63% of Convex, while AIG will own 35%. The companies are acquiring the specialty reinsurer from one of Onex’s private equity funds and its co-investors.
Ross’ firm to buy West Palm Beach hotel for $190m. ( Bloomberg)
Related Ross, the property firm led by billionaire Stephen Ross, has agreed to acquire The Ben hotel in West Palm Beach from Wheelock Street Capital for about $190m.
The deal extends Ross’s investment in the Florida city’s real estate market. Wheelock Street Capital had earlier hired CBRE to market the property.
EMEA
Greencore said that the UK competition regulator has, in principle, accepted its proposed remedy to gain approval for the acquisition of convenience food rival Bakkavor. The deal is now expected to be completed in early 2026.
The Dublin-based company will sell its chilled soups and sauces manufacturing plant in Bristol, which generated around £47m ($63m) in revenue in the year ended September 26 — about 1% of the combined group’s total revenue.
Bakkavor is advised by Citigroup (led by Michael Lavelle), Peel Hunt (led by Michael Nicholson), A&L Goodbody, Freshfields Bruckhaus Deringer (led by Kate Cooper, Michael Black, and Stephen Hewes), and MHP Group (led by Katie Hunt). Greencore is advised by Deutsche Numis (led by Edward McBride), Rothschild & Co (led by Alice Squires), Arthur Cox, Cravath Swaine & Moore (led by Philip Boeckman), Slaughter & May (led by Richard Smith), and FTI Consulting (led by Jonathan Neilan and Nick Hasell). Financial advisors are advised by Ashurst (led by Tim Rennie and Tom Mercer), according to press releases and MergerLinks data.
ADNOC Drilling, a drilling company in the Middle East, agreed to acquire an 80% stake in MB Petroleum Services, a drilling and oilfield services provider, for $204m, according to press releases.
ADNOC Drilling is advised by Morgan Stanley, according to MergerLinks data.
TPG, a private equity firm, agreed to acquire the digital banking solutions unit from Nexi, an Italian bank specializing in payment systems, for €1bn ($1.16bn).
New Mountain Capital-backed Grant Thornton Advisors, an independent audit and assurance firm, agreed to acquire Grant Thornton Poland, an advisory firm in Poland providing audit services, according to press releases. Financial terms were not disclosed.
ITV in early talks to sell media and entertainment arm to Sky for £1.6bn. ( Sky News)
ITV has entered preliminary discussions with Sky over the potential £1.6bn ($2.15bn) sale of its media and entertainment division, which includes the broadcaster’s advertising-funded TV channels.
The talks aim to create a UK-focused streaming giant, as traditional TV advertising faces ongoing pressure. ITV Studios is not part of the discussions.
World Cup stadium builder SGTM plans Morocco IPO to fund growth. ( Bloomberg)
SGTM, the Moroccan construction firm building one of the main stadiums for the 2030 FIFA World Cup, plans an IPO on the Casablanca stock exchange and a debt raise to support record orders.
The company has accumulated MAD34bn ($3.7bn) in contracts and aims to leverage its World Cup role to win additional projects in Morocco and abroad, including Saudi Arabia.
Siemens plans direct spinoff of €35bn Healthineers stake. ( Bloomberg)
Siemens plans to distribute part of its 71% holding in Siemens Healthineers to shareholders as a dividend in kind. The stake, valued at about €35bn ($41bn), would mark a major step toward its exit from the medical equipment sector.
The move, structured as a direct spinoff, is expected to have limited tax impact for investors and remains unusual among large German firms.
APAC
New Mountain Capital-backed Grant Thornton Advisors, a US provider of tax and advisory services, agreed to acquire Grant Thornton New Zealand, a professional services firm providing audit, tax, and advisory services, according to press releases. Financial terms were not disclosed.
Grant Thornton NZ is advised by Tompkins Wake. Grant Thornton Advisors is advised by MinterEllisonRuddWatts and Simpson Thacher & Bartlett (led by Ben Schaye), according to MergerLinks data and press releases.
The Riverside Company, a global investment firm, completed the investment in OSINT Combine, an open-source intelligence training & software company, according to press releases. Financial terms were not disclosed.
Riverside was advised by Jones Day (led by Ashley Gullett), according to MergerLinks data.
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