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AMERICAS

Coalesce Capital to acquire a majority stake in DecisionHR.

Coalesce Capital, a private equity firm, agreed to acquire a majority stake in DecisionHR, a national provider of human resources outsourcing solutions, according to press releases. Financial terms were not disclosed.

DecisionHR is advised by Lazard and Jones Day (led by Ed Trissel). Coalesce Capital is advised by Latham & Watkins and Joele Frank, according to press releases and MergerLinks data.

Stingray to acquire TuneIn for $175m.

Stingray, a global music, media, and technology company, agreed to acquire TuneIn, a live audio streaming and ad monetization firm, for $175m, according to press releases.

TuneIn is advised by Houlihan Lokey and Skadden Arps Slate Meagher & Flom (led by Christopher Barlow). Stingray is advised by National Bank Capital Markets and Davies Ward Phillips & Vineberg, according to press releases and MergerLinks data.

Transom completes the acquisition of Binswanger.

Transom, a private equity firm, completed the acquisition of Binswanger, a provider of architectural glazing solutions, according to press releases. Financial terms were not disclosed.

Transom was advised by Kirkland & Ellis and FGS Global. Binswanger was advised by Genesis Capital and Willkie Farr & Gallagher, according to press releases.

BlackRock completes the $500m investment in Avalara.

BlackRock, a private equity firm, completed the $500m investment in Avalara, a cloud-based platform that provides tax compliance software and automated solutions, according to press releases.

BlackRock was advised by Latham & Watkins (led by John Miller, Peter J. Sluka and Stelios Saffos), according to press releases and MergerLinks data.

Tokio Marine-backed Delphi Financial to acquire a majority stake in ACORE.

Tokio Marine-backed Delphi Financial, a financial holding company, agreed to acquire a majority stake in ACORE, an investment manager, according to press releases. Financial terms were not disclosed.

ACORE is advised by Wells Fargo Securities and Simpson Thacher & Bartlett (led by Christopher Evans), according to press releases.

Business payments firm Bill Holdings is exploring a sale. (Bloomberg)

Bill Holdings is exploring strategic options, including a potential sale, as the business-payments company faces pressure from activist investor Starboard Value.

The San Jose-based firm has engaged a financial adviser to gauge interest from larger industry peers and private equity firms. The review underscores the growing scrutiny on Bill Holdings as it navigates a competitive payments landscape.

Apartment landlord Centerspace confirms it’s exploring a sale. (Bloomberg)

Centerspace, a real estate company specializing in apartment communities, said its board is reviewing strategic alternatives, including a potential sale or merger.

The firm has engaged BMO Capital Markets and Wachtell, Lipton, Rosen & Katz to advise on the process, it said on November 11. The review comes as real estate companies weigh consolidation opportunities amid shifting market conditions.

Clearwater Analytics weighs sale after receiving takeover interest. (Bloomberg)

Clearwater Analytics Holdings is exploring a potential sale following takeover interest.

The Boise-based provider of investment and accounting software has engaged advisers to evaluate strategic options and gauge interest from prospective buyers, requesting anonymity as the discussions are confidential.

Whoop is considering going public in the next two years. (Bloomberg)

Whoop, the maker of screenless fitness bands, is preparing for a potential initial public offering within the next two years as it expands its suite of health-tracking technologies.

Founder and Chief Executive Will Ahmed stated that the company is well-positioned for a listing after diversifying its portfolio to include proprietary hardware, software, analytics, and accessories. Whoop is also exploring the integration of glucose monitoring into its platform to strengthen its position in the fast-evolving wearable health technology market.

EMEA

Nexture to acquire Frulact from Ardian.

Nexture, a food and beverage company, agreed to acquire Frulact, a global natural ingredient solutions platform for the food and beverage industries, from Ardian, a private investment firm, according to press releases. Financial terms were not disclosed.

Nexture is advised by Nomura. Ardian is advised by Headland Consultancy, according to press releases and MergerLinks data.

SPIE to acquire a 89% stake in PIK.

SPIE, a provider of energy, communications, and digital transformation services, agreed to acquire a 89% stake in PIK, a provider of media technology solutions, according to press releases. Financial terms are not disclosed.

SPIE is advised by Image 7 (led by Laurent Poinsot), according to press releases.

Public Property Invest to acquire community property portfolio of SBB for $3.4bn. (Reuters)

Public Property Invest, a sustainable owner, operator, and developer of infrastructure properties, agreed to acquire community property portfolio of SBB, a real estate company, for $3.4bn.

Public Property Invest is advised by JP Morgan, according to MergerLinks data.

ABN AMRO to acquire NIBC Bank from Blackstone for $1.11bn.

ABN AMRO, a banking company, agreed to acquire NIBC Bank, a commercial bank, from Blackstone, an American multinational private equity firm, for $1.11bn, according to press releases.

JNE Partners, First Pacific Advisors and Temasek to acquire a 18% stake in Azelis from EQT for $505m.

JNE Partners, First Pacific Advisors and Temasek, investment companies, agreed to acquire a 18% stake in Azelis, an innovation service provider, from EQT, a global investment organization, for $505m, according to press releases.

LVMH completes the acquisition of a minority stake in La Joux-Perret. (WSJ)

LVMH, a French multinational luxury goods conglomerate, completed the acquisition of a minority stake in La Joux-Perret, a Swiss manufacturer of mechanical watch. Financial terms were not disclosed.

Berlin considers acquiring 25.1% minority stake in TenneT Germany. (Reuters)

The German government is considering acquiring a 25.1% stake in TenneT Germany, the country’s largest electricity transmission system operator.

The ministry stated that the move would support grid expansion and strengthen TenneT’s financing structure, following similar investments in 50Hertz and TransnetBW.

Toto Wolff in talks to sell Mercedes F1 stake to CrowdStrike chief. (FT)

Toto Wolff is in advanced discussions to sell part of his one-third stake in Mercedes F1 in a deal that values the team at a record $6bn.

The proposed transaction, involving an unnamed buyer, would represent roughly a 5% stake in the team. The deal was first reported by sports business platform Sportico.

Arlo Hotels’ owner Quadrum eyes sale of lodging brand, property. (Bloomberg)

Quadrum Global is exploring a potential sale of Arlo Hotels, the boutique hospitality chain with properties in New York, Miami, and Washington.

The real estate investment and development firm has hired Moelis & Co. and Eastdil Secured to advise on the process and engage potential buyers. Discussions are still ongoing, and a deal may not ultimately materialize.

Pollen Street eyes IPO for Markerstudy at £3bn value. (Bloomberg)

Pollen Street Group has started preparations for an initial public offering of UK-based insurer Markerstudy.

The private equity firm has begun early talks with investment banks regarding the potential listing, which could take place in London. A deal could value Markerstudy at more than £3bn ($3.9bn).

$19bn Dubai Group said to eye options including stake sale. (Bloomberg)

Officials appointed by the government to oversee Majid Al Futtaim Holding have discussed a range of strategic options for the $19bn conglomerate, including a potential minority stake sale.

The Dubai-based group has held preliminary talks evaluating the merits of such a sale. Other options under consideration include a possible initial public offering or divestment of select business units.

APAC

POSCO to acquire a 30% stake in operational lithium business of MinRes for $765m.

POSCO, a steel producer, agreed to acquire a 30% stake in operational lithium business of MinRes, a mining service company, for $765m, according to press releases.

Wilmar to acquire a 13% stake in AWL Agri Business from Adani Commodities for $529m. (Reuters)

Wilmar, a global agribusiness group engaged in food processing, agreed to acquire a 13% stake in AWL Agri Business, an Indian multinational food and beverage conglomerate, from Adani Commodities, a commodity trading business, for $529m.

Japan’s Seven Bank mulls investing in FamilyMart card affiliate. (Bloomberg)

Seven Bank is in talks to invest in a credit card company affiliated with FamilyMart, as it looks to expand beyond its core ATM business in convenience stores.

The Tokyo-based lender aims to deepen its partnership with FamilyMart, a unit of Itochu and Seven Bank’s second-largest shareholder. The investment would further strengthen ties between the banking and retail groups.

Hisense said to mull merger of electronics, appliances units. (Bloomberg)

Hisense Group is reviewing strategic options for its consumer electronics and home appliances businesses, including a potential merger.

One possibility under consideration is for Shanghai-listed Hisense Visual Technology to acquire dual-listed Hisense Home Appliances Group.

Innolight is said to pick banks for one of HK’s biggest listings. (Bloomberg)

Zhongji Innolight, a Chinese manufacturer of optical communication modules and devices, has appointed banks for a potential Hong Kong initial public offering that could raise $3bn or more.

The company is working with China International Capital, GF Securities, Goldman Sachs and Morgan Stanley on the proposed share sale.

Pencil maker Fila is said to weigh options for stake in Doms. (Bloomberg)

Italian stationery company Fila is reviewing strategic options for its minority stake in India-listed Doms Industries as it seeks to strengthen its presence in the fast-growing Asian market.

Options under consideration include increasing its stake, selling part of it, or potentially merging the companies. Fila, known for its Giotto crayons and Dixon Ticonderoga pencils, currently owns 26% of Doms, valued at roughly $450m at market prices.

Groww parent surges in debut after $752m India IPO. (Bloomberg)

Billionbrains Garage Ventures, the parent company of India’s discount broker Groww, surged in its trading debut on November 12 after raising $752m in an initial public offering, bucking the recent trend of subdued listings such as Lenskart Solutions.

Shares backed by investors including Microsoft CEO Satya Nadella jumped 31% in Mumbai, marking the second-strongest performance this year among Indian IPOs that raised at least $500m. The stock closed at INR131.33 ($1.48), giving Groww a market value of INR811bn ($9.1bn).

US-listed e-commerce firm Vipshop is said to eye HK offering. (Bloomberg)

Chinese online discount retailer Vipshop Holdings is considering a Hong Kong listing as soon as next year.

The US-listed company is working with advisers on the potential share sale. Deliberations are ongoing and may not result in a finalized listing.

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