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AMERICAS

Dassault Systèmes to acquire ArisGlobal from Nordic Capital for $2bn.

Dassault Systèmes, a French multinational software corporation, to acquire ArisGlobal, an AI-native enterprise compliance platform for the life sciences industry, from Nordic Capital, a private equity investor, for $2bn, according to press releases.

ArisGlobal is advised by Evercore, Jefferies & Company and Kirkland & Ellis. Dassault Systèmes is advised by Sullivan & Cromwell (led by Arnaud Berdou), according to MergerLinks data and press releases.

Tayeh Capital Group completes the acquisition of a majority stake in Council Advisors.

Tayeh Capital Group, a private equity firm, completed the acquisition of a majority stake in Council Advisors, a CEO and executive advisory firm, according to press releases. Financial terms were not disclosed.

Council Advisors was advised by Houlihan Lokey and Vedder Price. TCG was advised by Willkie Farr & Gallagher (led by Brian E. Hamilton) and ICR (led by Chuck Dohrenwend), according to MergerLinks data and press releases.

Arax Advisory Partners to acquire Transcend Capital Advisors.

Arax Advisory Partners, a wealth management company, agreed to acquire Transcend Capital Advisors, a multi-state registered investment advisor, according to press releases. Financial terms were not disclosed.

Transcend is advised by Houlihan Lokey and Seward & Kissel. Arax Advisory is advised by Gagnier Communications (led by Dan Gagnier) and Gregory FCA, according to MergerLinks data and press releases.

Coalesce Capital completes the investment in Workstreet.

Coalesce Capital, a private equity firm, completed the investment in Workstreet, a provider of AI-native compliance and cybersecurity solutions, according to press releases. Financial terms were not disclosed.

Workstreet was advised by AGC Partners and Nelson Mullins Riley & Scarborough. Coalesce Capital was advised by Latham & Watkins and Joele Frank (led by Ed Trissel), according to press releases.

Matador Resources to acquire Paloma Permian from EnCap Investments for $1.275bn.

Matador Resources, an independent energy company, agreed to acquire Paloma Permian, an oil and natural gas producing properties holding company, from EnCap Investments, a private equity firm, for $1.275bn, according to press releases.

Matador is advised by Baker Botts. EnCap Investments is advised by RBC Capital Markets and Vinson & Elkins (led by Bryan Loocke), according to MergerLinks data and press releases.

Partners Group-backed PowerTransitions completes the acquisition of five power plants totalling 323 MW of Alliance Energy Group.

Partners Group-backed PowerTransitions, a utility-scale energy redevelopment firm focused on transitioning legacy thermal power assets into zero-carbon energy systems, completed the acquisition of five power plants totalling 323 MW of Alliance Energy Group, a company that focuses on electric power generation, natural gas, and developing renewable energy projects, according to press releases. Financial terms were not disclosed.

PowerTransitions was advised by Norton Rose Fulbright. Alliance Energy Group was advised by CIBC Capital Markets and Reed Smith, according to press releases and MergerLinks data.

MAPFRE Insurance to merge with Safety Insurance Group in a $1.54bn deal.

MAPFRE Insurance, an American insurance company, agreed to merge with Safety Insurance Group, a property and casualty insurer in Massachusetts and across New England, in a $1.54bn deal, according to press releases.

Safety Insurance Group is advised by Jefferies and DLA Piper. MAPFRE Insurance is advised by Deutsche Bank, according to press releases.

Carrier completes the acquisition of 75F.

Carrier, an intelligent climate and energy solutions provider, completed the acquisition of 75F, a cloud-native, wireless, AI-enabled building automation systems developer, according to press releases. Financial terms were not disclosed.

75F was advised by Avisen Legal. Carrier was advised by Paul Weiss Rifkind Wharton & Garrison (led by Laura Turano), according to MergerLinks data and press releases.

Cinven to acquire Salsify.

Cinven, a UK-based private equity investment firm, agreed to acquire Salsify, a cloud-native provider of Product Experience Management software solutions, according to press releases. Financial terms were not disclosed.

Salsify is advised by Moelis & Co, according to press releases.

Intermountain Health to acquire a 69% stake in Idaho Falls facilities of Surgery Partners for $795m.

Intermountain Health, a non-profit integrated healthcare system, agreed to acquire a 69% stake in Idaho Falls facilities of Surgery Partners, an operator of surgical facilities and ancillary services, for $795m, according to press releases.

Instinct Bio Technical goes public via a SPAC with Relativity Acquisition in a $288m deal.

Instinct Bio Technical, an integrated regenerative medicine and stem cell technology company, went public via a SPAC with Relativity Acquisition, a special purpose acquisition company, in a $288m deal, according to press releases.

Blackstone and Donerail have emerged as final‑round bidders for yacht retailer MarineMax. (Reuters)

Investment firms Blackstone and Donerail are among the final bidders seeking to acquire MarineMax.

They, along with private equity firm Centerbridge, have advanced to the last round for the Clearwater, Florida‑based recreational yacht retailer.

New Seahawks owners seek to add Mark Stevens and private equity investors. (Bloomberg)

The new owners of the NFL’s Seattle Seahawks — a group led by Vinod and Neeru Khosla — are in discussions with additional investors to join their consortium.

The conversations involve former Sequoia Capital managing partner Mark Stevens and private equity firm Sixth Street, while Carlyle Group and Dynasty Equity Partners are exploring a joint bid.

Advent plans to hire Morgan Stanley to explore a sale of its stake in Tigre. (Bloomberg)

Advent has hired Morgan Stanley to evaluate a possible sale of its stake in Tigre, the Brazilian pipes and hydraulic systems manufacturer.

The talks are still at an early stage, and Advent could ultimately decide not to proceed.

Eli Lilly‑backed Scribe raises $129m in an upsized IPO. (Bloomberg)

Scribe Therapeutics, a clinical‑stage developer of gene therapies for heart conditions, raised $129m in an upsized IPO priced at the top of its range.

The Alameda‑based company sold 8.58m shares at $15 each, after marketing 7.15m shares at $13 to $15.

Trive‑backed Lyntris files for a US IPO amid rising defense activity. (Bloomberg)

Lyntris, a defense‑technology company backed by Trive Capital, has filed for a US initial public offering.

The Falls Church, Virginia‑based firm reported a $13m net loss on $241m in revenue for the six months ended June 30, compared with a $10m net loss on $179m in revenue during the same period last year.

LLCP has closed its oversubscribed Lower Middle Market Fund IV at a $2bn hard cap. (Press Release)

LLCP has closed its Lower Middle Market IV fund with $2bn in commitments, exceeding its $1.7bn target and reaching its hard cap.

The Los Angeles‑based private equity firm began marketing the vehicle in December 2025 and secured strong backing from existing investors as well as new global institutional LPs, including sovereign wealth funds, public pensions, endowments, foundations, insurers, consultants, and family offices.

EMEA

Blackstone and Colony Investment Management to acquire a 30.56% stake in Essendi from Accor for up to €975m.

Blackstone, an American multinational private equity firm, and Colony Investment Management, a privately owned European investment manager, agreed to acquire a 30.56% stake in Essendi, a European hotel owner and operator, from Accor, a French hospitality group, for up to €975m ($1.11bn), according to press releases.

Blackstone is advised by Deutsche Bank and Simpson Thacher & Bartlett (led by Wheatly MacNamara). Accor is advised by Morgan Stanley and Rothschild & Co, according to MergerLinks data and press releases.

Pepkor to merge Flash with Shop2Shop in a $1.3bn deal.

Pepkor, an omnichannel retailer and fintech player, agreed to merge Flash, a digital payments and distribution networks operator, with Shop2Shop, a merchant-focused trade enablement and fintech platform, in a $1.3bn deal, according to press releases.

Pepkor is advised by Rothschild & Co, according to MergerLinks data.

Providence Equity Partners completes the investment in SCG.

Providence Equity Partners, a specialist private equity firm focused on media, communications, and education, completed the investment in SCG, a UK provider of communications, connectivity and IT services for small and medium-sized businesses, according to press releases. Financial terms were not disclosed.

Providence Equity Partners was advised by Profile Advisors, according to press releases.

Ridgeview plans to acquire Pinewood Technologies in a deal valuing the UK firm at £545m. (RNS Announcement)

US tech‑focused private equity firm Ridgeview has made an offer to acquire Britain’s Pinewood Technologies for £4.48 ($6) per share, valuing the automotive software provider at £545m ($726m).

The bid reflects a 42% premium to Pinewood’s July 24 closing price of £3.15 ($4.21).

BP is close to finalising a sale of its solar developer Lightsource to a Kuwait‑backed investor group. (FT)

BP is in advanced discussions to sell its solar subsidiary Lightsource to a consortium backed by Kuwait’s sovereign wealth fund, as the company continues to pull back from its long‑running renewables strategy.

Qualitas Energy and Wren House — the infrastructure investment arm of the Kuwait Investment Authority — have jointly submitted a bid for Lightsource.

Beumer has filed a lawsuit challenging the EU’s antitrust review of the Vanderlande–Siemens deal. (Reuters)

German logistics company Beumer Group has taken EU antitrust authorities to court after they declined to review Vanderlande’s acquisition of Siemens’ airport logistics unit.

Siemens agreed to sell the business for €300m ($341m) two years ago to Vanderlande, the Dutch baggage‑handling and parcel‑sorting systems maker owned by Toyota Industries, prompting Beumer’s objections.

Kuehne+Nagel is exploring alternatives for its Apex Logistics business. (Bloomberg)

Kuehne+Nagel is weighing strategic options for its Apex Logistics unit, an Asia‑focused freight forwarder.

The company has been in discussions with potential advisers about possibilities, including selling roughly a 20% stake or pursuing a Hong Kong listing for Apex.

Spain’s Cellnex is assessing potential strategic alternatives for the company. (Bloomberg)

Cellnex Telecom is reviewing strategic options as it seeks ways to address its debt burden and a subdued share price.

Senior executives have been evaluating possibilities including a potential take‑private or a merger with another tower operator.

Arcadis has confirmed receiving a $5bn bid from WSP. (Press Release)

Arcadis said it had received a second unsolicited takeover approach from Canadian engineering group WSP.

Shares in the Amsterdam‑listed firm, which had already risen 11.5% after the initial report, climbed another 9.5% to their highest level since October.

Seven & i drops investment talks with Poland’s Zabka. (Bloomberg)

Seven & i has ended discussions over a potential investment in Zabka Group, Poland’s largest convenience‑store operator, while continuing to explore expansion opportunities outside Japan.

The company said it couldn’t reach terms that aligned with its interests or those of its shareholders. Europe remains a key growth market, and the 7‑Eleven owner will keep assessing opportunities in the region.

Commerzbank’s chairman says the bank is open to takeover discussions with UniCredit. (FT)

Commerzbank Chairman Jens Weidmann on July 24 invited UniCredit to begin talks on potential merger terms, marking a shift as the German lender drops its remaining opposition to the unsolicited Italian bid and turns its attention to negotiating concessions.

The bank’s resistance has waned in recent weeks as UniCredit built its stake to 48%, giving it effective control over shareholder decisions.

South Africa fund plans to raise $609m in venture capital as exits increase. (Bloomberg)

South Africa’s SME Fund plans to raise up to ZAR10bn ($594m) in venture capital to help scale high‑growth startups, aiming to deepen the country’s tech sector and strengthen one of Africa’s most developed startup ecosystems.

The fund expects to secure an initial ZAR2bn ($118m) in 2027, which it will use to leverage additional commitments from other institutions, CEO Ketso Gordhan said. Created by the CEO Initiative — a group representing leaders of Johannesburg’s largest listed companies — the fund seeks to tackle growth barriers and support a more robust entrepreneurial environment.

APAC

Allianz to acquire HSBC Life Singapore from HSBC for SGD2.7bn.

Allianz, a multinational financial services company, agreed to acquire HSBC Life Singapore, a Singapore-incorporated and licensed composite insurer, from HSBC, a universal bank and financial services group, for SGD2.7bn ($2.09bn), according to press releases.

SoftBank weighs a deal for robotics startup Gravis. (Bloomberg)

SoftBank is weighing an acquisition of Gravis Robotics, as it looks to deepen its exposure to AI technologies used in robotics.

The company aims to build a significant stake in the European startup and hold it under a new entity called Roze. SoftBank may pursue the deal in phases, combining purchases of existing shares with fresh capital injections over time.

Bain and LY are weighing a higher bid for Kakaku, challenging EQT’s offer. (Bloomberg)

Bain Capital and LY are weighing a new joint bid for Kakaku.com, escalating their contest with EQT.

The potential offer would likely exceed EQT’s JPY3.45k ($21)‑per‑share proposal made last week. Two of them added that a revised bid could come within days.

Manipal Health aims to raise up to $960m through an India IPO. (Bloomberg)

Manipal Health Enterprises is seeking to raise up to INR92.7bn ($960m) through an initial public offering, extending the wave of large share sales in India.

The company and existing investors plan to offer 164.5m shares in a price band of INR560 ($5.80) to INR590 ($6.10). The Temasek‑backed hospital operator is targeting an INR772bn ($8bn) valuation, with sellers including Imperius Healthcare Investments, Manipal Education and Medical Group India, and TPG SG Magazine.

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