Certerra, a company specializing in technology‑enabled testing, inspection, and certification services, agreed to acquire Paramount Consulting & Engineering, a company focused on building envelope consulting, inspection, and specialized testing services in South Florida, according to press releases. Financial terms were not disclosed.
Paramount Consulting & Engineering is advised by Cassel Salpeter & Co and J2advisors. Certerra is advised by Womble Bond Dickinson, according to press releases.
PDW Holdings, a company specializing in unmanned systems and defense-focused technology, agreed to acquire Vanteon, a company focused on advanced communications engineering and RF systems, according to press releases. Financial terms were not disclosed.
PDW Holdings is advised by Wilson Sonsini Goodrich & Rosati. Vanteon is advised by The McLean Group and Harris Beach, according to press releases.
International Paper, a company specializing in sustainable packaging solutions, completed the acquisition of NORPAC, a producer of environmentally sustainable lightweight recycled packaging papers, from One Rock Capital Partners, a private equity firm, for $360m.
NORPAC was advised by Moelis & Co, according to press releases and MergerLinks data.
York Space Systems, a company specializing in national defense and commercial space systems, completed the acquisition of Solestial, a company focused on next‑generation space solar technology, for $67m.
National HealthCare, a senior care firm, completed the acquisition of five skilled nursing facilities, for $50m, according to press releases.
Juniper Group, a company specializing in travel technology and booking solutions, completed the acquisition of Deem, a company focused on corporate travel management and booking software, from Travelport, a global travel technology company, according to press releases. Financial terms were not disclosed.
Harvest Partners and A&M Capital Partners-backed Med-Metrix, a company specializing in technology-enabled revenue cycle management, agreed to acquire Vitalware, a company focused on revenue workflow and analytics software, from Health Catalyst, a provider of data and analytics technology services, according to press releases. Financial terms were not disclosed.
Airwallex, a company specializing in global financial infrastructure and payments technology, agreed to acquire Leapfin, a company focused on financial data automation, revenue recognition, and reconciliation, according to press releases. Financial terms were not disclosed.
California reviews Paramount-Warner Bros merger. (
Reuters)
The review follows concerns from industry participants that the merger could reduce competition, leading to lower wages, higher prices and fewer choices for consumers and content buyers.
Paramount considers divesting kids channels to secure Warner deal approval. (
Bloomberg)
The company has not yet decided whether to offer formal remedies as regulators review the transaction ahead of a July 7 deadline for an initial decision.
Cargill explores sale of metals unit to Macquarie. (
Reuters)
Cargill is in talks to sell its metals business to Macquarie Group as the commodities trader sharpens its focus on core food and agriculture operations.
Discussions are ongoing and there is no certainty that the negotiations will result in a transaction.
LS Power nears acquisition of EDF’s North American renewables business. (
Bloomberg)
LS Power is in advanced talks to acquire EDF’s North American renewable energy unit as growing power demand from data centers boosts interest in electricity assets.
The transaction could value the business at more than €4bn ($4.7bn), with an announcement possible in the coming days.
US weighs potential stakes in AI companies. (
Notus)
Senior US officials have held preliminary discussions with major artificial intelligence companies about the possibility of the government acquiring equity stakes in their businesses.
The talks are at an early stage and have included proposals under which companies could voluntarily transfer shares to the government.
Trump says US still considering Fannie Mae and Freddie Mac share sale. (
Bloomberg)
President Trump said his administration continues to evaluate a potential public offering of shares in mortgage finance giants Fannie Mae and Freddie Mac.
The comments come days after Trump appointed Federal Housing Finance Agency Director Bill Pulte to temporarily lead the US intelligence community.
Morgan & Morgan explores minority stake sale ahead of potential IPO. (
Reuters)
Morgan & Morgan has hired JP Morgan to explore the sale of a minority stake in a transaction that could raise more than $1bn and help prepare the law firm for a future public listing.
The family-controlled firm is seeking a partner with experience in taking businesses public, with private equity investors among the potential candidates.
SpaceX boosts Japan fundraising target to $2.5bn in IPO. (
Bloomberg)
SpaceX has increased the size of the Japanese portion of its IPO to as much as $2.5bn, up from the $2bn target announced last week, reflecting strong demand from retail investors.
The revised target was disclosed in a regulatory filing as the company continues preparations for its highly anticipated public listing.
Quantinuum valued at $17.6bn after Nasdaq debut. (
Reuters)
Quantinuum shares rose 13.3% in their Nasdaq debut, giving the Honeywell-backed quantum computing company a market valuation of $17.6bn.
The stock opened at $68 compared with its IPO price of $60, reflecting strong investor demand for quantum computing companies.
Databricks delays IPO amid crowded listing market. (
Bloomberg)
Databricks said it does not plan to pursue an IPO this year despite its long-term intention to become a public company.
Chief executive Ali Ghodsi said the company wants to create liquidity for employees through a future listing but believes the current year is unfavorable for new technology IPOs given the large number of planned offerings.
Sinda files for US IPO to fund Mexican silver project. (
Bloomberg)
Sinda has filed for a US initial public offering as the Electrum-backed company seeks funding to develop its silver mining project in Mexico’s Guanajuato state.
The company holds rights to five contiguous mining concessions and estimates the project contains approximately 369m silver-equivalent ounces of inferred resources.
