|
Top Highlights
Apollo Global, a private equity firm, completed a $1.02bn investment in a real estate investment trust Starwood Real Estate Income Trust’s affordable housing joint venture, according to press release.
Apollo Global was advised by Centerview Partners and Paul Weiss Rifkind Wharton & Garrison. Starwood was advised by Bank of America, Barclays, Citigroup, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley, Natixis Partners and Wells Fargo Securities, according to MergerLinks data and press releases.
Amneal Pharmaceuticals, an American biopharmaceutical company specializing in the development, manufacturing and distribution of generic and specialty medications, completed the acquisition of Kashiv BioSciences, a biopharmaceutical company specializing in developing and manufacturing biosimilars and complex drug-delivery medicines, from Tarsadia, a private investment management firm, for $1.1bn, according to press releases.
Jazz Pharmaceuticals, a specialty biopharmaceutical company, agreed to acquire Actio Biosciences, a clinical-stage biotechnology company, for up to $1.32bn, according to press releases.
Jazz Pharmaceuticals is advised by Moelis & Co and Hogan Lovells Cadwalader. Actio Biosciences is advised by Centerview Partners, JP Morgan, Cooley, 1AB (led by Katie Engleman) and Thrust Strategic Communications (led by Renee Leck), according to press releases.
AMERICAS
Delaware judge orders Verisk to proceed with $2.35bn AccuLynx deal. ( Reuters)
GameStop’s Ryan Cohen weighs pulling $56bn eBay offer. ( Bloomberg)
Protein coffee brand Javvy explores sale. ( Reuters)
Intel selling $15bn in common stock as AI demand booms. ( Bloomberg)
Harvey in talks to raise funding at $15.5bn valuation. ( The Information)
EMEA
Amazon founder Bezos nears deal to buy stake in Liverpool Football Club. ( Sky News)
UK’s Serica says £145.7m bid for Pharos is final. ( Press Release)
The Italian Sea Group shares jump after troubled yacht maker kicks off sale process. ( Reuters)
Flying taxi-maker Vertical Aerospace to land fresh $100m capital injection. ( Sky News)
Nvidia-backed Nscale eyes $2bn funding round. ( Bloomberg)
APAC
India’s Hindustan Copper plans to sell Chile-sourced copper concentrate to Hindalco and Adani. ( Reuters)
Unitree’s Shanghai IPO 5.5k times subscribed by retail buyers. ( Bloomberg)
Shein IPO value to fall short of $30bn targeted by some investors. ( Bloomberg)
|
COMPANIES
INVESTORS
FINANCIAL ADVISORS
|
|
Read on...
Scroll down to read deal descriptions. Your suggestions and comments support the democratisation of M&A data. If you'd like to contribute to the future editions, drop us a line.
AMERICAS
Blackstone-backed Safe Harbor, a marina and superyacht service business, agreed to acquire MarineMax, a recreational boat and yacht retailer, marina operator and superyacht services company, for $1.5bn, according to press releases.
TPG Mortgage Investment Trust, a residential mortgage real estate investment trust, agreed to merge with Cherry Hill Mortgage Investment, a real estate investment trust, in a $117.5m deal, according to press releases.
TPG Mortgage Investment Trust is advised by Piper Sandler, Freshfields, Fried Frank Harris Shriver & Jacobson and Hunton Andrews Kurth. Cherry Hill Mortgage Investment is advised by Btig and Mayer Brown, according to press releases.
Ryman Hospitality, a lodging and hospitality REIT, agreed to acquire Grande Lakes Orlando Resort, a luxury resort complex in Orlando, from Trinity Investments, a hospitality-focused real estate investment platform, for $1.38bn, according to press releases.
Ryman Hospitality is advised by Bank of America, JP Morgan, Bass Berry & Sims and Greenberg Traurig. Trinity Investments is advised by Prosek Partners, according to MergerLinks data and press releases.
Bernhard Capital Partners, a private equity firm, agreed to acquire Bowman Consulting Group, an engineering services and program management firm, for $1bn, according to press releases.
Teledyne, a provider of sophisticated digital imaging products and software, agreed to acquire Varex Imaging, a manufacturer of X-ray imaging components, systems, and related image processing technologies for medical and industrial applications, for $1.1bn, according to press releases.
Teledyne is advised by Latham & Watkins and McGuireWoods. Varex Imaging is advised by Evercore and Orrick Herrington & Sutcliffe, according to press releases.
IES Holdings, a US public company providing electrical, technology and infrastructure solutions, agreed to acquire DBM Global, a structural steel fabrication, erection and industrial services platform, from INNOVATE, a diversified holding company, for $650m, according to press releases.
IES Holdings is advised by Wells Fargo Securities and Alpha IR. INNOVATE is advised by Jefferies & Company and Cleary Gottlieb Steen & Hamilton, according to MergerLinks data and press releases.
Archer Aviation, an aerospace and defense technology company, agreed to acquire autonomous aviation and airspace management firms Wisk Aero, SkyGrid and Insitu from Boeing, a US aerospace company, according to press releases. Financial terms were not disclosed.
Archer Aviation is advised by Moelis & Co and Fenwick & West. Boeing is advised by JP Morgan and Mayer Brown, according to MergerLinks data and press releases.
Eldridge, a holding company, completed the acquisition of a majority stake in Sudolabs, a software development and artificial intelligence services company, according to press releases. Financial terms were not disclosed.
Eldridge was advised by Reed Smith and Prosek Partners. Sudolabs was advised by Houlihan Lokey and Taylor Wessing, according to press releases.
8090 Industries, a venture capital firm, and Hanwha Asset Management, a comprehensive asset management company, led a $225m funding round in Panthalassa, a renewable energy and ocean technology company.
Delaware judge orders Verisk to proceed with $2.35bn AccuLynx deal. ( Reuters)
The deal, originally announced in July 2025, remains subject to approval from the US Federal Trade Commission, which had extended its review of the transaction. AccuLynx was also awarded damages for direct costs plus interest.
GameStop’s Ryan Cohen weighs pulling $56bn eBay offer. ( Bloomberg)
GameStop is considering withdrawing its $56bn bid for eBay and pursuing a commercial partnership or joint venture instead.
The alternative arrangement could allow eBay to use GameStop’s roughly 1.6k US stores, with the companies seeking to expand their presence in higher-margin categories such as trading cards and collectibles.
Protein coffee brand Javvy explores sale. ( Reuters)
Javvy is exploring a sale that could value the functional beverage company at around $1bn. The South Carolina-based business has hired Houlihan Lokey to run the process, which is still at an early stage.
Founded in 2020, Javvy sells protein coffee powders, concentrates and other functional drinks and generates nearly $300m in annual revenue. Its backers include Amberstone Ventures, Platinum Mile Ventures and Selva Ventures.
Intel selling $15bn in common stock as AI demand booms. ( Bloomberg)
Intel plans to raise $15bn through a common stock offering, seeking to strengthen its balance sheet while funding growth opportunities linked to rising AI infrastructure demand.
The chipmaker said proceeds will be used for general corporate purposes, including investments in physical AI, purpose-built silicon, advanced packaging and external wafer manufacturing, while maintaining its investment-grade credit rating.
Legal AI startup Harvey is in talks to raise at least $500m at a valuation of about $15.5bn, including the new investment. Lightspeed Venture Partners has expressed interest in leading the financing.
The proposed valuation would be about 40% above the $11bn level Harvey reached in its $200m funding round in March 2026. The company, which provides AI tools for law firms and legal teams, has increased annualised revenue to more than $350m from about $190m in January 2026.
EMEA
Nichols, an international soft drinks company, completed the acquisition of VITHIT, a beverage company that develops and markets functional drinks fortified with vitamins and other nutritional ingredients, for €75m ($86.7m), according to press releases.
Nichols was advised by Berenberg (led by Clayton Bush), Singer Capital Markets (led by Jen Boorer) and Hudson Sandler (led by Alex Brennan). VITHIT was advised by Food Strategy Associates and DC Advisory (led by Laurence O'Shaughnessy), according to press releases and MergerLinks data.
OpenGate Capital, a private equity firm, agreed to acquire Maersk Training, a provider of workforce training, consulting, and competency development services for the energy, maritime, and industrial sectors, and Maersk H2S Safety Services, a provider of gas safety equipment, personnel, and related safety services for the energy industry, from A.P. Moller - Maersk Group, an integrated transport and logistics company, according to press releases. Financial terms were not disclosed.
OpenGate Capital is advised by Profile Advisors, according to press releases.
EBRD and Aydın-backed A101 Yeni Mağazacılık, a major Turkish hard-discount retail chain, completed the acquisition of an 89% stake in CarrefourSA, a major Turkish food retailer and joint venture, from Carrefour, a French-based multinational retail corporation, and Sabancı Holding, a Turkish industrial and financial conglomerate, according to press releases. Financial terms were not disclosed.
Carrefour was advised by Paksoy (led by Nazli Bezirci), according to MergerLinks data and press releases.
Amazon founder Bezos nears deal to buy stake in Liverpool Football Club. ( Sky News)
A consortium led by Amit Bhatia and including Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin is close to acquiring a stake of more than 30% in Liverpool FC from Fenway Sports Group.
The transaction is expected to value Liverpool at around $6bn and could be announced as soon as this week. If completed, the consortium would become a major minority shareholder and could eventually position itself for a larger ownership role in the club.
UK’s Serica says £145.7m bid for Pharos is final. ( Press Release)
Ratio’s revised offer values Pharos at £146.4 ($196.97m), prompting the target’s board to withdraw its recommendation for Serica’s bid and instead support Ratio’s proposal. Serica said it continues to assess other acquisition opportunities in the UK North Sea and elsewhere.
The Italian Sea Group shares jump after troubled yacht maker kicks off sale process. ( Reuters)
The Italian Sea Group has launched a competitive sale process as part of its restructuring after entering insolvency proceedings in July 2026. The process follows unsolicited interest from several parties, including Sanlorenzo-backed investors, SRI Global, Azimut Benetti and Ferretti.
The transaction could take the form of either an asset sale covering the group’s shipyards, brands and selected subsidiaries, or a share deal involving a capital increase to recapitalise the business. Non-binding bids are due by 15 September 2026, with binding offers expected by 15 October 2026.
Flying taxi-maker Vertical Aerospace to land fresh $100m capital injection. ( Sky News)
Vertical Aerospace is seeking to raise about $100m in fresh equity to support the development and commercialisation of its electric aircraft. Around $35m is expected to come from existing institutional investors, with Mudrick Capital Management and Yorkville Advisors among the main backers.
The fundraising comes shortly after the company entered advanced talks with the UK government over a grant of up to £10m ($13.5m) for domestic production facilities. Vertical Aerospace is developing its six-seat Valo electric aircraft and is targeting certification in 2029.
Nvidia-backed Nscale eyes $2bn funding round. ( Bloomberg)
Nscale is in talks with investors to raise about $2bn, just over three months after completing its previous funding round. The UK-based AI infrastructure company is working with Goldman Sachs and JP Morgan on the fundraising.
Nscale develops large-scale data centre infrastructure for AI workloads and raised more than $1.5bn across two rounds in September and October 2025. The company has partnerships with Nvidia and OpenAI.
Onto Innovation, an American semiconductor company, completed the acquisition of a 27% stake in Rigaku, a manufacturer and distributor of scientific, analytical and industrial instrumentation, from Carlyle, an American multinational alternative asset management firm, for $710m, according to press releases.
Onto Innovation was advised by Goldman Sachs, Greenhill & Co, Nishimura & Asahi and Simpson Thacher & Bartlett (led by Joseph Conahan). Debt financing was provided by Goldman Sachs. Rigaku was advised by Mori Hamada & Matsumoto. Carlyle was advised by Mitsubishi UFJ Morgan Stanley Securities, Latham & Watkins and Nagashima Ohno & Tsunematsu, according to press releases and MergerLinks data.
I Squared Capital, a private equity investment firm, agreed to acquire oOh!media, an out-of-home advertising company providing digital billboard, transit advertising, and retail media services, for $733m, according to press releases.
I Squared Capital is advised by JP Morgan, White & Case and Brunswick Group. oOh!media is advised by UBS Securities Australia, Mallesons and Sodali & Co (led by Stephen McMahon, Ryan Thompson and Saskia West), according to press releases and MergerLinks data.
Coatue, a global investment manager, NVIDIA, an American multinational technology company, Blackstone Tactical Opportunities, an investment platform, Blackstone, a multinational private equity firm, and Jane Street, a global quantitative trading firm, completed a $2bn investment in Firmus, a provider of AI infrastructure and cloud computing services, according to press releases.
Firmus was advised by Sodali & Co (led by Stephen McMahon), according to press releases.
Element Fleet Management, a Canada-based fleet management and mobility solutions company, agreed to acquire FleetPartners Group, an ASX-listed vehicle leasing, fleet management and employee benefits company, for $578m, according to press release.
RP-Sanjiv Goenka and CESC-owned Purvah Green, a renewable energy company, agreed to acquire a 1.4-gigawatt operational solar portfolio of ReNew Solar Power, a renewable energy company, for $509m, according to press releases.
India’s Hindustan Copper plans to sell Chile-sourced copper concentrate to Hindalco and Adani. ( Reuters)
Hindustan Copper plans to sell copper concentrate from Chilean mining assets it is seeking to acquire from Codelco to Indian buyers including Hindalco and Adani. The state-owned miner is also in discussions with Codelco over a potential joint venture to develop and market copper.
Hindustan Copper, Coal India and NTPC Mining are evaluating four mining blocks in Chile, with due diligence ongoing. Any project would be long-dated, with production potentially still about a decade away, as India looks to secure additional copper supply amid rising domestic demand.
Unitree’s Shanghai IPO 5.5k times subscribed by retail buyers. ( Bloomberg)
Unitree Robotics’ Shanghai IPO attracted heavy retail demand, with the retail tranche subscribed 5.5k times. Individual investors submitted about 9.8m orders for shares in the humanoid robotics company.
The listing marks a major capital-markets milestone for one of China’s leading humanoid robot makers, highlighting strong investor appetite for robotics and AI-related companies.
Shein IPO value to fall short of $30bn targeted by some investors. ( Bloomberg)
Bloomberg Intelligence estimates Shein could be valued at between $22bn and $25bn in its planned IPO, below the $30bn level targeted by some investors.
The valuation implies about 13x to 15x projected 2027 earnings, with BI forecasting profit of roughly $1.67bn in 2026 as freight and tariff pressures ease, followed by annual earnings growth of about 20% through 2029.
|
Connect the World of Dealmakers
Expand your network of fellow Dealmakers by inviting your colleagues and coworkers.
Join Now
If you know someone who might enjoy this briefing forward this email. Subscribe to a Daily Review.
|
|
|
|
|
