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AMERICAS

Diana Shipping fails to acquire Genco Shipping & Trading for $1.433bn.

Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, failed to acquire Genco Shipping & Trading, a provider of international seaborne drybulk transportation services, for $1.433bn, according to press releases.

Citi to acquire Kard Financial.

Citi, a multinational financial services corporation, agreed to acquire Kard Financial, a rewards infrastructure, according to press releases. Financial terms were not disclosed.

Kard is advised by Keefe Bruyette & Woods and Latham & Watkins (led by Peyton Worley). Citi is advised by Sullivan & Cromwell, according to MergerLinks data and press releases.

Core Scientific completes the acquisition of Polaris DS for $461m.

Core Scientific, a digital infrastructure and high-density colocation provider, completed the acquisition of Polaris DS, a digital infrastructure and power asset management company, for $461m, according to press releases.

Core Scientific was advised by Cooley (led by Seth Holoweiko, Daniel Peale, Joshua Holleman, and Bill Roegge), according to press releases and MergerLinks data.

Datavault AI to acquire CyberCatch for $94.5m.

Datavault AI, a company specializing in data monetization, agreed to acquire CyberCatch, a cybersecurity company, for $94.5m, according to press releases.

Pennsylvania American Water completes the acquisition of Sutersville‑Sewickley Municipal Sewage Authority for $3.25m.

Pennsylvania American Water, a utility company specializing in regulated water and wastewater services, completed the acquisition of Sutersville‑Sewickley Municipal Sewage Authority, a municipal wastewater system, for $3.25m, according to press releases.

Coatue led a $5bn strategic funding round in Databricks.

Coatue, an investment firm, led a $5bn strategic funding round in Databricks, a US-based data analytics and artificial intelligence company, with participation from Blackstone, MGX, T. Rowe Price Associates, Sixth Street Growth, BOND, Clearlake Capital, Point72, Premji Invest, TPG, Andreessen Horowitz, Dragoneer, Fidelity Management & Research Company, Franklin Templeton, GIC, Goldman Sachs Alternatives, Insight Partners, JP Morgan Private Capital, Kinetic, Morgan Stanley Investment Management, NEA, Ontario Teachers’ Pension Plan, Temasek, Thrive Capital, and WCM Investment Management, according to press releases.

Silver Lake in talks to acquire Workday. (Reuters)

Silver Lake is in talks to acquire Workday in a potential take-private transaction that could rank among the largest software buyouts in history.

Workday had a market value of about $43bn before the talks were reported, while Silver Lake could bring in additional investors to help finance the acquisition.

Stripe and Advent in talks to acquire PayPal. (WSJ)

Stripe and Advent International are in talks to acquire PayPal after submitting an offer of $60.50 per share in July, which the payments company considered insufficient.

The parties have continued negotiations over a potentially higher price, with a deal possible in the coming weeks although no agreement has been reached.

Thrive Capital and Bob Iger agree $12.5bn Lakers acquisition. (WSJ)

Thrive Capital’s Joshua Kushner and former Disney CEO Bob Iger have agreed to acquire the Los Angeles Lakers in a deal valuing the NBA franchise at $12.5bn.

The pair pivoted to established NBA teams after exploring a Las Vegas expansion franchise and offered owner Mark Walter $12.5bn for the Lakers.

Mubadala and Trafigura receive bids of up to $3.5bn for Porto Sudeste. (Bloomberg)

Mubadala Capital and Trafigura have received two offers for Brazilian port Porto Sudeste, valuing the infrastructure asset at approximately $3bn and $3.5bn.

A consortium comprising GIP, Vale and Gerdau submitted one bid, while I Squared Capital made a separate offer for the port.

Diversified Energy in talks to acquire Birch Resources for over $1.7bn. (Reuters)

Diversified Energy is in early discussions to acquire privately held Birch Resources in a potential all-cash transaction valued at more than $1.7bn.

The acquisition would expand Diversified Energy's presence in the Permian Basin, a major US oil and gas producing region.

Charlie Ergen agrees to acquire controlling stake in MobileX. (WSJ)

Charlie Ergen has agreed to acquire a controlling stake in wireless services provider MobileX through his special purpose acquisition company CONX.

The transaction values MobileX at approximately $200m and remains subject to regulatory approval, with Ergen set to control the business alongside his existing wireless interests.

Stellantis considers sale of Brampton plant. (Reuters)

Stellantis is considering closing and selling its vehicle assembly plant in Brampton, Ontario, amid the impact of US tariffs on the Canadian automotive industry.

The potential sale would end decades of vehicle assembly at the site, with Canadian autoworkers union Unifor saying it had been notified of the plans.

Pershing Square exits Hertz stake. (Bloomberg)

Pershing Square has sold its stake in Hertz after losing confidence in the car rental company’s management following a recently announced funding plan.

The exit by Bill Ackman’s investment firm followed concerns over the company’s financing strategy and sent Hertz shares down as much as 13%.

Anthropic targets major IPO backed by $190bn-$200bn 2028 revenue forecast. (DealStreetAsia)

Anthropic is preparing for a potential US IPO, with its valuation expected to rely heavily on projected revenue of approximately $190bn-$200bn in 2028.

The forecast compares with a $47bn revenue run rate reported in May, highlighting the significant growth investors would be expected to underwrite.

RedotPay delays US IPO amid regulatory and legal issues. (Bloomberg)

RedotPay has delayed plans for a US IPO as the stablecoin payments company seeks regulatory approvals and addresses legal issues in markets where it operates.

The listing could now take place next year or later, rather than as early as this year, as the company works to secure the necessary regulatory approvals.

Goldman Sachs seeks investors for Nvidia's $500bn AI financing initiative. (Reuters)

Goldman Sachs is in talks with potential investors to participate in Nvidia's $500bn AI financing initiative after securing a role in the financing.

US insurers, asset managers and banks are expected to form the core investor base, with asset managers potentially retaining a significant portion of the financing.

Finalis appoints Steven Price as chief compliance officer. (Reuters)

Finalis has appointed Steven Price as chief compliance officer, with the senior regulatory official joining the dealmaking fintech after six years at FINRA.

Price previously served as senior vice president of market investigations at FINRA, where he supervised thousands of investigations into broker-dealers.

EMEA

1892 Holdings to acquire a minority stake in Liverpool FC from Fenway Sports Group.

1892 Holdings, a consortium specializing in strategic investments across global business, technology and sports, agreed to acquire a minority stake in Liverpool FC, a football club, from Fenway Sports Group, a global sports, media, entertainment and real estate company, with consortium investors Amit Bhatia, the Mittal Family Trusts, K5 Sports and EE Capital, according to press releases. Financial terms were not disclosed.

1892 Holdings is advised by Moelis & Co, Latham & Watkins, and PricewaterhouseCoopers. K5 Sports is advised by Cleary Gottlieb Steen & Hamilton and Orrick Herrington & Sutcliffe. EE Capital is advised by Clifford Chance. Fenway Sports Group is advised by A&O Shearman and Deloitte, according to press releases.

Providence Equity Partners to acquire Hometrack from ZPG.

Providence Equity Partners, a private equity firm, agreed to acquire Hometrack, a company focused on residential real estate digital valuation and property risk analytics, from ZPG, a digital consumer services group, according to press releases. Financial terms were not disclosed.

Providence Equity Partners is advised by Deutsche Bank, Rothschild & Co, and White & Case. ZPG is advised by Arma Partners, JP Morgan, Freshfields, and Edelman (led by Latika Shah and Emily Brazier), according to press releases.

Skye Bioscience to acquire Redx Pharma.

Skye Bioscience, a clinical-stage biopharmaceutical company, agreed to acquire Redx Pharma, a clinical-stage biotechnology company, according to press releases. Financial terms were not disclosed.

Redx Pharma is advised by Wedbush PacGrow, Cooley and FTI Consulting (led by Simon Conway). Skye Bioscience is advised by Stifel, Morrison Foerster and LifeSci Advisors (led by Mike Moyer), according to MergerLinks data and press releases.

A1R Water went public via a SPAC with Inflection Point Corp III in a $419m deal.

A1R Water, a company specializing in air-to-water solutions, went public via a SPAC with Inflection Point Corp III, a special purpose acquisition company, in a $419m deal, according to press releases.

A1R Water was advised by Jett Capital Advisors, Morgan Lewis & Bockius (led by Russell Franklin). Inflection Point Corp III was advised by Cantor Fitzgerald and White & Case, according to press releases and MergerLinks data.

Candle Lake to acquire the remaining 68% stake in Evolution for SEK131.7bn.

Candle Lake, an investment entity controlled by Cayman Islands-based investor Kenneth Dart, offered to acquire the remaining 68% stake in Evolution, a Swedish gaming technology company, for SEK131.7bn ($13.8bn), according to press releases.

Candle Lake is advised by Roschier Attorneys (led by Pontus Enquist), according to press releases.

Lactalis to acquire the UK dairy division from Saputo for £988m.

Lactalis, a multinational dairy corporation, agreed to acquire the UK dairy division from Saputo, a dairy processor, for £988m ($1.34bn), according to press releases.

Saputo is advised by Jones Day (led by Vica Irani), according to MergerLinks data.

Frasers Group completes the acquisition of Harvey Nichols.

Frasers Group, a British retail, real estate, intellectual property and investment conglomerate, completed the acquisition of Harvey Nichols, a luxury department store chain, according to press releases. Financial terms were not disclosed.

Volkswagen prepares potential sell-down of Traton stake. (Bloomberg)

Volkswagen is preparing to reduce its majority stake in truckmaker Traton as part of a broader push to cut costs and exercise greater discipline over investments.

Volkswagen’s stake in Traton is currently worth about €16.6bn ($19.1bn), with the potential sell-down putting the group’s ownership of the business in focus.

Carlyle and CVC explore joint acquisition of Bauwatch. (Bloomberg)

Carlyle and CVC Capital Partners are exploring a joint takeover of security systems provider Bauwatch and are discussing terms of a potential transaction with its owner.

Bauwatch is currently owned by Franz Haniel & Cie, the holding company of Germany’s Haniel family, which is considering a potential sale of the business.

Sazerac nears £500m acquisition of Au Vodka. (Sky News)

Sazerac is in advanced talks to acquire Welsh spirits brand Au Vodka in a potential transaction valued at approximately £500m ($676m).

The US drinks group has been negotiating the acquisition for several months, with an agreement reportedly imminent if discussions are successfully completed.

Airtel Africa considers dollar-denominated London IPO for Airtel Money. (Bloomberg)

Airtel Africa is considering listing its mobile payments unit Airtel Money in London with shares denominated in US dollars rather than British pounds.

The potential structure would align the listing with Airtel Money’s reporting currency, while additional banks from Africa and the Middle East have been invited to work on the offering.

APAC

Brookfield acquires $627m Japan residential portfolio. (DealStreetAsia)

Brookfield has acquired a portfolio of rental apartment buildings across four major Japanese urban centers for more than JPY100bn ($627m), marking its entry into Japan’s residential market.

The acquisition expands Brookfield’s Japanese real estate portfolio as the investment group plans to deploy more than $10bn in the country over the next several years.

Quest Global picks banks for up to $1bn India IPO. (Bloomberg)

Quest Global has appointed banks for an IPO in India that could raise as much as $1bn, with a draft prospectus expected to be filed by December.

The Carlyle-backed engineering services company plans to offer a mix of new shares and stock sold by existing investors in the proposed Mumbai listing.

Svatantra Microfin files for $314m India IPO. (Reuters)

Svatantra Microfin has filed for an INR30bn ($314m) IPO in India, comprising INR15bn ($157m) of new shares and an INR15bn ($157m) offer for sale by existing investors.

Advent International and Multiples are selling shares in the offering, while Svatantra plans to use the proceeds from the new issuance to strengthen its Tier I capital base.

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