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Top Highlights
Ascensus, an American financial services company, agreed to acquire AmericanTCS, a financial services organization, according to press releases. Financial terms were not disclosed.
AmericanTCS was advised by Raymond James, Kirkland & Ellis and Haven Tower Group. Ascensus was advised by JP Morgan, Lazard, DLA Piper, Ropes & Gray, Simpson Thacher & Bartlett and Prosek Partners, according to press releases.
Real estate firms LondonMetric Property and Schroder, agreed to acquire Picton Property, a UK-based real estate investment company, for £403m ($548m), according to press releases.
Cloopen, a provider of cloud-based communications solutions, agreed to go public via SPAC merger with a consortium of investors including SpringX Holdings, AutumnX Holdings, Trustbridge Partners, Novo, Image Frame Investment, Parantoux Vintage and Flawless Success, in a $163m deal, according to press releases.
Cloopen is advised by Kroll, Hogan Lovells, King & Wood Mallesons and Maples Group. SpringX is advised by Han Kun, Harney Westwood & Riegels and Skadden Arps Slate Meagher & Flom, according to press releases.
AMERICAS
OpenAI launches new unit with $4bn investment. ( Reuters)
GoPro reviews options including potential sale or merger. ( Reuters)
ServiceNow plans $4bn bond sale tied to acquisitions. ( Bloomberg)
Elo taps banks for potential US IPO. ( Bloomberg)
Onex seeks $1bn continuation fund for OneDigital stake. ( Bloomberg)
EMEA
Vanguard targets $1tn of European assets by 2030. ( Reuters)
Siemens weighs acquisition of rail technology firm Mer Mec. ( Bloomberg)
Italy opens probe into Fastweb and TIM 5G network deal. ( Reuters)
Innio files for US IPO amid data center spending boom. ( Bloomberg)
Saudi firms press ahead with IPO plans amid market resilience. ( Bloomberg)
APAC
Bain and LY bid for Kakaku in challenge to EQT. ( Bloomberg)
Nobel Hygiene weighs $300m India IPO. ( Bloomberg)
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COMPANIES
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AMERICAS
Branford Castle-backed Lafayette Instrument, a manufacturer of scientific instrumentation and data acquisition equipment, completed the acquisition of Sutter Instrument, a provider of precision scientific instruments, according to press releases. Financial terms were not disclosed.
Sutter Instrument was advised by EC M&A and Donahue Fitzgerald. Branford Castle Partners was advised by RSM International, Akerman and Llorente Y Cuenca (LLYC) led by ( Jennifer Hurson and Joanne Lessner). Debt financing was provided by Brookside Capital Partners and Byline Bank, according to press releases.
Stonepeak, a private equity firm, agreed to acquire the Transportation and Vendor Finance businesses of BMO Financial Group, the eighth largest bank in North America by assets, according to press releases. Financial terms were not disclosed.
Stonepeak is advised by Blake Cassels & Graydon and Skadden Arps Slate Meagher & Flom (led by Jeffrey Brill and Michael Reed). BMO is advised by BMO Capital Markets, Bank of America, Osler Hoskin & Harcourt, Sullivan & Cromwell, according to press releases and MergerLinks data.
Satair, an aviation parts and services company, completed the acquisition of Unical Aviation, a global provider of aerospace aftermarket solutions, and ecube, which engages in aircraft storage, disassembly, and transition services, from Platinum Equity, a private equity firm, according to press releases. Financial terms are not disclosed.
Unical Aviation was advised by Fifth Third Securities, Houlihan Lokey, Jefferies & Company and Reed Smith. Airbus was advised by JP Morgan and Gibson Dunn & Crutcher (led by Saee Muzumdar), according to press releases and MergerLinks data.
Goldman Sachs Alternatives, the alternative investments division of Goldman Sachs, completed the acquisition of FGI Worldwide, a provider of working capital financing and trade credit insurance solutions, according to press releases. Financial terms were not disclosed.
FGI was advised by Keefe Bruyette & Woods and Blank Rome. Goldman Sachs Alternatives was advised by Houlihan Lokey and Sidley Austin, according to press releases.
Bora Pharmaceuticals, a company specializing in pharmaceutical manufacturing and development services, agreed to acquire MacroGenics GMP manufacturing operations from MacroGenics, a biopharmaceutical company focused on antibody-based therapeutics, for $123m, according to press releases.
Bora Pharmaceuticals is advised by Jones Day. MacroGenics is advised by Moelis & Co and Sidley Austin, according to press releases and MergerLinks data.
GameStop, a specialty retailer focused on video game hardware, software, accessories, and digital entertainment products, failed to acquire eBay, a global commerce company, for $55.5bn, according to press releases.
GameStop was advised by Collected Strategies, according to press releases and MergerLinks data.
CTI, a provider of print, document, and data and information management solutions, completed the acquisition of Data Conversion Laboratory, a provider of structured data and content transformation services, according to press releases. Financial terms were not disclosed.
CTI was advised by Oberon Securities, according to press releases.
Allen Media, a global media, content and technology company with production, live broadcast and digital OTT facilities, agreed to acquire a 52% stake in BuzzFeed, the independent digital media company, for $120m, according to press releases.
OpenAI launches new unit with $4bn investment. ( Reuters)
OpenAI is creating a new company backed by more than $4bn in initial investment to support corporate AI deployment.
The group will also acquire AI consulting firm Tomoro as it expands its enterprise business and scales commercial adoption of its technology.
GoPro reviews options including potential sale or merger. ( Reuters)
GoPro said it is reviewing strategic options that could include a sale of the company or merger.
The move comes as the company explores broader applications for its technology beyond consumer cameras.
ServiceNow plans $4bn bond sale tied to acquisitions. ( Bloomberg)
ServiceNow is seeking to raise about $4bn through a potential US high-grade bond sale tied to its recent acquisitions.
Barclays, Citigroup, JP Morgan and Wells Fargo are arranging investor calls ahead of a possible offering, which could launch depending on market conditions.
Elo taps banks for potential US IPO. ( Bloomberg)
Brazilian payments company Elo has appointed Bank of America, Bradesco and UBS to manage a potential US IPO.
The Mastercard rival is targeting a listing in the second half of the year as it advances long-awaited public market plans.
Onex seeks $1bn continuation fund for OneDigital stake. ( Bloomberg)
Onex is seeking to raise $1bn through a single-asset continuation fund to retain its minority stake in OneDigital for longer.
Evercore is advising on the process as private equity firms increasingly turn to the secondaries market for liquidity solutions.
EMEA
Apis, an ESGI-native global private equity asset manager, and Aspirity, a pan-European private equity firm, completed a $175m investment in Paymentology, a cloud-native global issuer-processor, according to press releases.
Apis was advised by Camarco. Aspirity was advised by Burway (led by John Thompson), according to press releases.
Rexel, a French company specializing in the distribution of electrical, heating, lighting and plumbing equipment, agreed to acquire Revere Electrical Supply, an industrial automation and electrical distributor, as well as authorized reseller of Rockwell automation solutions, according to press releases. Financial terms were not disclosed.
Verdane, a growth investment firm, to acquire 50% stake in Telenor Connexion, a specialized subsidiary focusing on providing global managed internet of things connectivity and cloud services, from Telenor Group, a Norwegian majority state-owned multinational telecommunications company, for SEK3.75bn ($406m), according to press releases.
Lone Star Funds, a private equity firm, completed the acquisition of DOMO Engineered Materials of DOMO, a producer of engineered nylon materials, according to press releases. Financial terms are not disclosed.
Vanguard targets $1tn of European assets by 2030. ( Reuters)
Vanguard plans to expand its European product offering as it aims to roughly double regional assets to $1tn within five years.
The asset manager is also targeting a stronger position in the UK retail investment market as demand for low-cost investment products grows.
Siemens weighs acquisition of rail technology firm Mer Mec. ( Bloomberg)
Siemens is exploring a potential acquisition of Italian rail technology company Mer Mec as it evaluates expansion opportunities in signaling and communications systems.
Mer Mec could be valued at more than €1bn ($1.17bn) in a potential deal as discussions with advisers continue.
Italy opens probe into Fastweb and TIM 5G network deal. ( Reuters)
Italy’s antitrust regulator has opened an investigation into a network-sharing agreement between Fastweb and Telecom Italia.
The companies agreed in 2026 to jointly develop 5G infrastructure and accelerate rollout in less populated areas across Italy.
Innio files for US IPO amid data center spending boom. ( Bloomberg)
Advent-backed gas engine manufacturer Innio has filed for a US IPO as industrial companies seek to benefit from rising data center investment.
The company reported higher revenue alongside a quarterly loss in its filing with the US Securities and Exchange Commission.
Saudi firms press ahead with IPO plans amid market resilience. ( Bloomberg)
Companies in Saudi Arabia are continuing preparations for potential IPOs as local markets remain resilient despite regional tensions.
Businesses linked to the Olayan family and Etihad Salam Telecom are among those pursuing potential listings.
APAC
Bain and LY bid for Kakaku in challenge to EQT. ( Bloomberg)
Bain Capital and LY have submitted a joint offer to acquire Kakaku.com, launching a bidding war with EQT for the Japanese price comparison company.
LY is seeking synergies with Kakaku’s online comparison and restaurant review platforms as takeover interest intensifies.
Nobel Hygiene weighs $300m India IPO. ( Bloomberg)
Quadria-backed Nobel Hygiene is considering an IPO in India that could raise up to $300m.
The IPO may include both new share issuance and secondary sales by existing investors, with the company in discussions with investment banks as it prepares to appoint advisers.
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