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Top Highlights
Ascension, a non-profit, Catholic healthcare organization, agreed to acquire AMSURG, an independent ambulatory surgery centers operator, for $3.9bn, according to press releases.
AMSURG is advised by Ducera Partners, Goldman Sachs, Bass Berry & Sims and Milbank. Ascension is advised by Jefferies & Company, Hall Render Killian Heath & Lyman and Sheppard Mullin Richter & Hampton, according to press releases.
JD.com, a Chinese e-commerce company headquartered in Beijing, completed the acquisition of Dada Nexus, China’s local on-demand retail and delivery platform, for $518m, according to press releases.
JD.com was advised by UBS, Harney Westwood & Riegels and Skadden Arps Slate Meagher & Flom (led by Shu Du and Haiping Li). Dada was advised by Kroll, Appleby and Gibson Dunn & Crutcher (led by Fang Xue), according to press releases and MergerLinks data.
Eli Lilly, a pharmaceutical company, agreed to acquire Verve Therapeutics, a Boston-based clinical-stage company developing genetic medicines for cardiovascular disease, for $1.3bn, according to press releases.
Deal Round up
AMERICAS
Hedge fund Millennium valued at $14bn in minority stake sale talks. ( FT)
Mitsubishi in talks to sign $8bn deal with gas producer Aethon. ( WSJ)
SoftBank sells T-Mobile stake for $4.8bn to bet on AI. ( Bloomberg)
MEG Energy's Board recommends shareholders to reject Strathcona $4.4bn offer. ( Press Release)
Beef processor Kilcoy files for US IPO showing rising profit. ( Bloomberg)
Post Oak Energy Capital announces final closing of Fund V. ( Press Release)
EMEA
Sabadell explores sale of UK high street bank TSB. ( FT)
New York Jets owner in talks for stake in Crystal Palace FC. ( Bloomberg)
Autodoc's IPO is set to value car parts retailer at $2.8bn. ( Press Release)
Hacksaw’s holders seek as much as $355m in Stockholm IPO. ( Bloomberg)
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AMERICAS
Lumina Gold said its shareholders have approved the company's previously announced acquisition by CMOC Singapore, a subsidiary of CMOC Group, through a plan of arrangement under British Columbia law.
Lumina Gold is advised by Moelis & Co, RBC Capital Markets, Borden Ladner Gervais, Skadden Arps Slate Meagher & Flom (led by June Dipchand and Ryan Dzierniejko) and Tobar ZVS. CMOC is advised by BMO Capital Markets, Bustamante Fabara, FBPH Abogados, McCarthy Tetrault and PricewaterhouseCoopers, according to press releases and MergerLinks data.
Mavis Tire Express Services, a provider of auto repair services, completed the acquisition of Midas from TBC Corporation, a mobility solutions provider, according to press releases. Financial terms were not disclosed.
Mavis Tire Express Services was advised by Jefferies & Company, Covington & Burling (led by Stephen A. Infante) and FGS Global, according to press releases and MergerLinks data.
Knight Therapeutics, a pan-American specialty pharmaceutical company, completed the acquisition of Paladin Pharma, a Canada-based specialty pharmaceutical company, from Endo, a diversified pharmaceutical company, for $105m, according to press releases.
Knight Therapeutics was advised by RBC Capital Markets and Davies Ward Phillips & Vineberg. Endo was advised by Davis Polk & Wardwell (led by Michael Davis), according to press releases.
Gemspring Capital-backed ROR Partners, a provider of data-driven solutions, omnichannel optimization, machine learning & AI, completed the acquisition of Incline Marketing, a digital marketing agency, according to press releases. Financial terms were not disclosed.
Incline Marketing was advised by FL Patel Law. ROR Partners was advised by Pharus Advisors and McDermott Will & Emery, according to press releases.
OMERS-backed Integris, a managed IT services provider, completed the acquisition of TechMD, a provider of cybersecurity and IT managed services, from ClearLight, a private equity firm, according to press releases. Financial terms were not disclosed.
TechMD and ClearLight Partners were advised by Guggenheim Partners, Kirkland & Ellis, and Hinman Howard & Kattell, according to press releases.
Gryphon-backed Shermco Industries, a provider of electrical testing, engineering, maintenance, and repair services, completed the acquisition of Eastern High Voltage, a company specializing in electrical testing, maintenance, and engineering services for electrical power systems, according to press releases. Financial terms were not disclosed.
PSG, a growth equity firm, completed the investment in Button, a mobile commerce optimization and retail media company, according to press releases. Financial terms were not disclosed.
Button was advised by Canaccord Genuity, according to press releases.
Sterling, an infrastructure services provider, agreed to acquire CEC Facilities Group, a specialty electrical and mechanical contractor, for $505m, according to press releases.
Nuveen, a global asset manager, agreed to acquire Brooklyn Investment Group, a multi-asset custom direct indexing provider, according to press releases. Financial terms were not disclosed.
Hedge fund Millennium valued at $14bn in minority stake sale talks. ( FT)
Millennium Management is in discussions to sell a minority interest in its management firm, in a transaction that would value the hedge fund titan at $14bn.
The firm has enlisted Goldman Sachs' Petershill Partners to help find investors for a 10% to 15% ownership stake. Millennium currently oversees more than $75bn in assets spanning equities, fixed income, and commodities.
Mitsubishi in talks to sign $8bn deal with gas producer Aethon. ( WSJ)
Mitsubishi is nearing an agreement to acquire assets from Aethon Energy Management in a deal valued at nearly $8bn, which would mark the largest acquisition in the Japanese conglomerate’s history.
It is indicated that the Tokyo-based company may finalize and announce the transaction with the US-based energy investment firm within the next few months.
SoftBank sells T-Mobile stake for $4.8bn to bet on AI. ( Bloomberg)
SoftBank has generated approximately $4.8bn by offloading shares in T-Mobile US, a step aimed at supporting its ambitious artificial intelligence initiatives.
The Japan-based tech conglomerate conducted an overnight block sale without registration, selling 21.5m T-Mobile shares at $224 apiece. This transaction reflects a roughly 3% markdown from T-Mobile’s closing price of $230.99 on June 16.
MEG Energy's Board recommends shareholders to reject Strathcona $4.4bn offer. ( Press Release)
In response, MEG's board has initiated a strategic review to explore alternatives that could yield a better outcome than remaining independent.
TCTM Kids IT Education (VSA) announced today that it has signed a non-binding letter of intent to acquire HopeAI, a prominent AI company focused on clinical development powered by artificial intelligence.
The deal is intended to bolster VSA’s expansion into the AI-driven biopharma space and enhance its footprint in smart healthcare and technological innovation.
Beef processor Kilcoy files for US IPO showing rising profit. ( Bloomberg)
Kilcoy Global Foods filed for an initial public offering in the US on June 16, aiming to tap into rising demand for ready-to-eat protein foods among consumers in both the US and Asia.
The company intends to allocate part of the IPO funds toward acquisitions, increasing production capacity, and speeding up its digital transformation and automation efforts.
Post Oak Energy Capital announces final closing of Fund V. ( Press Release)
Post Oak Energy Capital announced that it completed the closing of its fifth fund, Post Oak Energy Partners V, in May 2025, securing $600m in capital commitments.
In line with its previous four flagship funds, Fund V will concentrate on the lower middle market within the North American upstream oil and gas sector.
EMEA
Neinor, a Spanish residential real estate developer, offered to acquire AEDAS, a Spanish real estate developer specializing in the construction and sale of newly built residential properties, for €1.1bn ($1.24bn), according to press releases.
Neinor is advised by JP Morgan, Santander and H/Advisors Maitland (led by David Stürken and Billy Moran), according to press releases.
Bure, a private equity firm, agreed to acquire 17% stake in Silex Microsystems, a pure-play MEMS foundry, from Sai Microelectronics, a company that developes and sells micro-electromechanical systems, for SEK917m ($96.7m), according to press releases.
Bure is advised by SEB Corporate Finance, Cederquist and EY Parthenon, according to press releases and MergerLinks data.
ParticipatieMaatschappij Vlaanderen, an independent organization owned by the Flemish government, agreed to acquire 39% stake in Brussels Airport Company from Ontario Teachers’ Pension Plan, an independent organization responsible for administering defined-benefit pensions for school teachers, for €2.77bn ($3.2bn), according to press releases.
Brussels Airport Company is advised by Jones Day (led by Pierre-Olivier Mahieu). Ontario Teachers’ Pension Plan is advised by Teneo, according to press releases and MergerLinks data.
Arrive Mobility, a mobility company, agreed to acquire 92.7% stake in Be-Mobile, a traffic management solutions provider, from Proximus Group, a telecommunications company, for €157m ($181.6m), according to press releases.
Proximus is advised by Rothschild & Co, according to MergerLinks data.
Sabadell explores sale of UK high street bank TSB. ( FT)
Spanish bank Sabadell is exploring a sale of its UK unit TSB after receiving initial interest from potential buyers. The move comes as part of its strategy to counter a hostile €12.3bn ($14bn) takeover bid from rival BBVA, which was rejected by Sabadell's board in May 2024.
Advisers have circulated sale documents, and bids are expected this month. RBC Capital Markets analyst has designated NatWest as the most suitable acquirer.
New York Jets owner in talks for stake in Crystal Palace FC. ( Bloomberg)
Robert “Woody” Johnson IV, co-owner of the New York Jets and former US ambassador to the UK, is reportedly in talks to acquire a major stake in Crystal Palace, the current FA Cup champions.
Johnson has been in ongoing discussions with John Textor, who holds over 40% of the club. Although negotiations had previously stalled due to pricing disagreements, they have recently picked up again amid a possible need for Textor to sell his share.
Autodoc's IPO is set to value car parts retailer at $2.8bn. ( Press Release)
Autodoc aims to raise up to €403m ($466m) in what could be one of Germany’s biggest IPOs this year.
The online auto parts retailer’s founders and private equity firm Apollo Global Management are offering around 6.6m shares, priced between €58 ($67) and €61 ($70) each. If priced at the top of that range, Autodoc’s market value would reach €2.44bn ($2.8bn).
Hacksaw’s holders seek as much as $355m in Stockholm IPO. ( Bloomberg)
Shareholders of Hacksaw, a company that creates and distributes online betting games, are aiming to raise up to SEK3.35bn ($355m) through an IPO in Stockholm.
The company plans to offer up to 43.5m shares at a fixed price of SEK77 ($8) each, valuing the company at approximately SEK22bn ($2.3bn).
APAC
KKR, a global investment firm, agreed to acquire Zenith Energy, an Australian off-grid renewable power specialist, from Pacific Equity Partners, OPTrust and Foresight Group, a consortium of investors, according to press releases. Financial terms were not disclosed.
Zenith Energy is advised by GRACosway (led by Caroline Stanley). KKR is advised by Sodali & Co (led by James Strong), according to press releases.
Thoma Bravo-backed BlueMatrix, a platform for capital markets content authoring and distribution, completed the acquisition of RANOS, a research publishing platform, according to press releases. Financial terms were not disclosed.
Thoma Bravo was advised by FGS Global (led by Liz Micci), according to press releases.
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