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AMERICAS

Thoma Bravo to acquire WWEX Group.

Thoma Bravo, the world's largest technology-focused investment firm, agreed to acquire WWEX Group, a third-party logistics provider of parcel and freight services, according to press releases. Financial terms were not disclosed.

Thoma Bravo is advised by Kirkland & Ellis and FGS Global (led by Akash Lodh). WWEX is advised by Goldman Sachs, JP Morgan, Morgan Stanley, UBS and Latham & Watkins (led by Paul Kukish, Michael Vardanian, and Matthew Villar), according to press releases.

Esperion Therapeutics to acquire Corstasis Therapeutics for up to $255m.

Esperion Therapeutics, a publicly traded American pharmaceutical company, agreed to acquire Corstasis Therapeutics, a clinical-stage pharmaceutical company, for up to $255m, according to press releases.

Corstasis Therapeutics is advised by PJT Partners, Arnold & Porter Kaye Scholer and Damouni Group (led by Sasha Damouni Ellis). Esperion Therapeutics is advised Jefferies & Company and Gibson Dunn & Crutcher, according to press releases.

Rosebank Industries to acquire MW Components and CPM from American Securities for $3.05bn.

Rosebank Industries, a British investment ‌firm, agreed to acquire MW Components and CPM, both US-based industrial businesses, from American Securities, a private equity firm, for $3.05bn, according to press releases.

Rosebank is advised by Barclays (led by Yuri Shakhmin), Investec (led by Carlton Nelson), Jefferies & Company (led by Richard Burke), Rothschild & Co (led by Ravi Gupta) and Montfort Communications (led by Nicholas Miles), according to press releases.

Pacific Avenue Capital Partners to acquire Care.com from IAC for $320m.

Pacific Avenue Capital Partners, a global private equity firm, agreed to acquire Care.com, one of the largest online marketplaces for finding family care and care jobs, from IAC, an American holding company, for $320m, according to press releases.

Pacific Avenue Capital Partners is advised by Moelis & Co and Weil Gotshal and Manges. IAC is advised by JP Morgan and Latham & Watkins (led by Amber Banks and Thomas Engelhardt), according to press releases.

Accenture to acquire Ookla from Ziff Davis for $1.2bn.

Accenture, a multinational professional services company, agreed to acquire Ookla, a provider of network intelligence, competitive benchmarking, and customer experience analytics, from Ziff Davis, an American digital media and internet company, for $1.2bn, according to press releases.

Ziff Davis is advised by Citigroup, Evercore and Kirkland & Ellis (led by David Klein), according to press releases.

Elliott Investment Management to invest $1bn in Pinterest.

Elliott Investment Management, a global investment firm, agreed to invest $1bn in Pinterest, a visual search and discovery platform, according to press releases.

Pinterest is advised by Goldman Sachs and Wachtell Lipton Rosen & Katz. Elliott Investment Management is advised by Davis Polk & Wardwell, according to press releases.

Accel-KKR completes an investment in Whip Around.

Accel-KKR, a global technology–focused private equity firm, completed an investment in Whip Around, a fleet maintenance and compliance software provider, according to press releases. Financial terms were not disclosed.

Accel-KKR was advised by Kekst CNC (led by Todd Fogarty). Whip Around was advised by Raymond James, according to press releases.

NBIM, Brookfield and British Columbia Investment Management Corporation to form a $2.6bn joint venture.

Investment companies NBIM, Brookfield and British Columbia Investment Management Corporation to form a $2.6bn joint venture, managing a portfolio of North American renewable energy assets, according to press releases.

Brookfield is advised by TD Securities, according to press releases.

Credo Technology Group completes the acquisition of CoMira Solutions.

Credo Technology Group, a provider of high-speed connectivity solutions for data centers and AI-driven applications, completed the acquisition of CoMira Solutions, a high-speed connectivity IP innovator, according to press releases. Financial terms were not disclosed.

Credo was advised by Davis Polk & Wardwell (led by Alan F. Denenberg), according to MergerLinks data.

TAIT completes the acquisition of Silent House.

TAIT, a staging and live events organizer, completed the acquisition of Silent House, a full service production company, according to press releases. Financial terms were not disclosed.

TAIT was advised by Dechert (led by Jonathan Stott), according to MergerLinks data.

Smiths to acquire DRC Heat Transfer for £164m.

Smiths, an industrial engineering company, agreed to acquire DRC Heat Transfer, a US-based designer and manufacturer of custom heat transfer and cooling solutions, primarily for the power generators used in data centres, for £164m ($219m), according to press releases.

Smiths Group is advised by FTI Consulting (led by Alex Le May), according to press releases.

TPG Capital-backed The Rise Fund completes a $250m investment in Findhelp.

TPG Capital-backed The Rise Fund, a global fund committed to achieving positive social and environmental outcomes alongside competitive financial returns, completed a $250m investment in Findhelp, a company specializing in social care technology that connects people with resources such as food assistance, housing support, medical care, financial help, and employment‑related services, according to press releases.

Medline’s PE backers start stake sale worth $3.4bn. (Bloomberg)

Medline shareholders are offering 75m shares in the company, taking advantage of a rally in the medical supplier’s stock since its debut late last year.

Shareholders, including Blackstone, Carlyle Group, Hellman & Friedman, and the Abu Dhabi Investment Authority, are selling the shares. The stake would be worth about $3.4bn based on March 2nd’s closing price.

BlackRock-backed group pushes to close ports deal without Panama assets. (FT)

A BlackRock‑backed consortium is seeking to complete its acquisition of CK Hutchison’s global ports business without two terminals in Panama, after authorities seized the assets.

Mediterranean Shipping and the US‑listed asset manager are in discussions with CK Hutchison about purchasing roughly 41 ports across Europe, Southeast Asia and the Middle East.

Capital Group, KKR launch first PE fund for everyday investors. (Bloomberg)

Capital Group and KKR are expanding their efforts to bring private‑equity exposure to retail investors with the launch of a new fund that blends investments in private companies with US equities.

The vehicle, called Capital Group KKR US Equity+, follows two funds introduced last year that combined public and private debt. The new product will invest in and alongside KKR strategies that are typically unavailable to retail investors, Capital Group said in a statement.

Blackstone’s flagship private credit fund hit by record redemptions. (Bloomberg)

Blackstone is allowing investors to redeem a record 7.9% of shares from its flagship private credit fund, reflecting continued pressure on an industry facing elevated withdrawal requests.

The firm is meeting the redemption demand equivalent to about $3.8bn by increasing the size of a previously announced tender offer to 7% of the fund’s total shares and by covering the remaining 0.9% through purchases by Blackstone and its employees, a filing and a spokesperson disclosed. The fund has roughly $82bn in total assets, including leverage.

Musk’s X, xAI to repay $17.5bn debt as SpaceX IPO nears. (Bloomberg)

About $17.5bn of debt tied to Elon Musk’s social‑network platform X and his artificial‑intelligence company xAI is set to be repaid in full.

Morgan Stanley, which arranged the debt for both companies, has informed lenders that X and xAI intend to repay the outstanding amounts. The firms have not disclosed the source of the repayment capital. xAI raised $20bn in new equity funding in January.

EMEA

Warburg Pincus to invest $1bn in Global Eggs.

Warburg Pincus, a global growth investing firm, agreed to invest $1bn in Global Eggs, the largest multinational producer and distributor of table eggs, according to press releases.

Global Eggs is advised by Morgan Stanley and Davis Polk & Wardwell (led by Manuel Garciadiaz). Warburg Pincus is advised by Houlihan Lokey and Latham & Watkins, according to press releases and MergerLinks data.

Cal-Maine Foods completes the acquisition of the shell egg, egg products, and prepared foods assets of Creighton Brothers and Crystal Lake for $128.5m.

Cal-Maine Foods, a producer and marketer of shell eggs, completed the acquisition of the shell egg, egg products, and prepared foods assets of Creighton Brothers and Crystal Lake, producers of egg products for the food service and food manufacturing industries, for $128.5m, according to press releases.

UK aerospace supplier Senior receives takeover proposal from Tinicum-Blackstone. (Press Release)

Senior said it has received a takeover proposal from Tinicum and Blackstone, adding to a series of recent approaches from potential buyers.

The company, which supplies parts to Boeing and Airbus, disclosed last week that it had received five takeover proposals in recent months. Private equity firm Advent has confirmed it is among the interested parties.

Defense firm set to kick off Frankfurt IPO despite Iran conflict. (Bloomerg)

Vincorion, a German defense‑technology company, is set to begin formally marketing its initial public offering in Frankfurt this week despite heightened volatility in equity markets driven by conflict in the Middle East.

The company’s IPO case is supported by its role in supplying a custom power system for the Patriot missile‑defense platform, which is being deployed by several countries in the region to counter attacks from Iran.

Oaktree to select banks to help arrange Utmost’s London IPO. (Bloomberg)

Oaktree Capital Management has selected banks to support an initial public offering of Utmost Group, a UK‑based provider of insurance‑based wealth‑management solutions.

The firm has appointed Bank of America and JP Morgan to arrange the London listing. The two banks were chosen over other major Wall Street firms for roles on the IPO, which could value Utmost at about £2.5bn ($3.3bn).

APAC

Elliott Investment Management to acquire Toyota Industries for JPY6.7tn.

Elliott Investment Management, a global investment firm, agreed to acquire Toyota Industries, a manufacturer of automatic looms, for JPY6.7tn ($42.6bn), according to press releases.

Elliott Investment Management is advised by Ashton Consulting (led by Brett Wallbutton) and Okapi Partners (led by Pat McHugh), according to press releases.

MNRB to get approval to start talks on sale of Islamic insurer Takaful Ikhlas. (Bloomberg)

Malaysia’s central bank has approved the start of talks for MNRB Holdings to sell its Islamic insurance unit, Takaful Ikhlas.

The approval allows MNRB to begin negotiations with Bank Kerjasama Rakyat Malaysia, Great Eastern Life Assurance Malaysia and Takaful Malaysia as part of the potential transaction.

CapitaLand said to be in talks with Mindspace REIT on sale of Chennai Tech Park. (Bloomberg)

CapitaLand Investment is in talks to sell a technology‑park project in Chennai to Mindspace Business Parks REIT. The discussions center on International Tech Park Chennai, Radial Road, a property owned by a private Indian real‑estate fund managed by CapitaLand Investment.

The 4.6m‑square‑foot (427k‑square‑meter) campus is planned to include four office blocks, according to information on CapitaLand’s website.

SoftBank-backed PayPay targets up to $13.4bn valuation in US IPO. (Reuters)

PayPay, owned by SoftBank, is targeting a valuation of up to $13.4bn in its planned US initial public offering, moving ahead despite recent market volatility. The deal could become one of the largest US listings by a Japanese company.

The broader US IPO market has had a shaky start to the year, with market swings prompting some companies to postpone offerings. Analysts said a strong PayPay debut could help bolster investor sentiment despite the turbulence.

India Highway Authority Infra Trust’s IPO seeks up to $656m. (Bloomberg)

The National Highways Authority of India’s infrastructure investment trust is preparing to list its units through an initial public offering that may raise up to INR60bn ($656m), testing the strength of India’s listings market after several muted recent debuts.

Raajmarg Infra Investment Trust has set a price range of INR99 ($1.08) to INR100 ($1.09) per unit for the offering, an advertisement showed. The trust plans to take anchor‑investor bids on March 10 and accept orders from the broader public from March 11 to March 13.

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