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AMERICAS
GlobalData, a data, analytics, and insights platform, agreed to acquire Celent, a research and advisory firm. Financial terms were not disclosed.
New Mountain-backed Pearce Services, a provider of operations, maintenance, and engineering services for critical infrastructure, completed the acquisition of Unified Power, a provider of repair and maintenance services for uninterruptible power supply systems and backup power generators. Financial terms were not disclosed.
Unified Power was advised by Solomon Partners. Pearce Services was advised by Goldman Sachs, Ropes & Gray and H/Advisors Abernathy (led by Dana Gorman).
Arctic Wolf, a cyber security company, agreed to acquire Cylance, an American software firm, from BlackBerry, a provider of wireless devices and solutions, for $160m.
Arctic Wolf is advised by Cooley. BlackBerry is advised by Perella Weinberg Partners and Morrison & Foerster (led by Erik Knudsen).
Lone View-backed CargoSprint, a provider of innovative payments and workflow orchestration solutions for the cargo industry, agreed to acquire Advent eModal, a port community platform. Financial terms were not disclosed.
Advent eModal is advised by Houlihan Lokey and Communique PR. CargoSprint is advised by Edelman (led by Jennifer Stroud).
Investment firms AUA Private Equity Partners and Avance Investment Management agreed to invest in Tropical Cheese, a Hispanic food company in the US. Financial terms were not disclosed.
Tropical Cheese is advised by Rothschild & Co. Avance Investment Management is advised by Joele Frank (led by Woomi Yun).
Vance Street Capital-backed Micronics Engineered Filtration, a provider of aftermarket filtration solutions, completed the acquisition of Action Filtration, an aftermarket filtration business focused on offering pleated and cartridge filters for air pollution control and environmental protection. Financial terms were not disclosed.
Action Filtration was advised by Transworld. Micronics Engineered Filtration was advised by Paul Hastings.
NXP Semiconductors, a company specializing in automotive processing and networking, agreed to acquire Aviva Links, a provider of compliant in-vehicle connectivity solutions, for $242m.
Aviva Links is advised by Jefferies & Company.
Helen of Troy, a designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, and wellness products, completed the acquisition of Olive & June, an omni-channel nail care brand, for $240m.
Corient, a wealth advisory firm, agreed to acquire H.M. Payson, a registered investment advisory firm. Financial terms were not disclosed.
Corient is advised by StreetCred PR (led by Jimmy Moock).
Honeywell eyes aerospace spin-off amid Elliott push. ( Reuters)
Honeywell announced it is considering a spin-off of its high-margin aerospace unit, a move supported by activist investor Elliott Investment Management, which has been advocating for the company's breakup.
Under CEO Vimal Kapur, the US conglomerate has been streamlining operations this year, focusing on automation, aviation, and energy, while divesting non-core segments.
Historically, Honeywell has worked with JP Morgan, Centerview Partners, Hogan Lovells and Skadden Arps Slate Meagher & Flom, according to MergerLinks data.
EMEA
Britain's competition regulator has approved Carlsberg's $4.23bn acquisition of soft drinks maker Britvic, announcing it will not escalate the transaction to an in-depth investigation.
The British government on December 16 approved Indian group Bharti Global's purchase of a 24.5% stake in London-listed BT, following a detailed national security assessment and assurances from the telecoms company.
CTP, a developer, owner, and manager of industrial and logistics properties, agreed to acquire a Düsseldorf industrial site from Vallourec, a manufacturer of pipe systems, for €155m ($163m).
CTP is advised by SEC Newgate.
MVM Group, a Hungarian power company, agreed to acquire a 68% stake in E.ON Energie Romania and 98% stake in E.ON Asist Complet from E.ON, an international energy company. Financial terms were not disclosed.
E.ON is advised by Societe Generale.
Ernströmgruppen, a privately owned industrial conglomerate, agreed to acquire an 80% stake in Spica Technology, an engineering company that develops and installs software, electronics, and electrical equipment. Financial terms were not disclosed.
Stagwell, the challenger network built to transform marketing, agreed to acquire UNICEPTA, global media monitoring and analytics platform. Financial terms were not disclosed.
UNICEPTA is advised by Robert W Baird.
UK Government agreed to acquire 36,347 military homes from Annington, a private owner of residential property, for £6bn ($7.6bn).
Landsec, a real estate company, completed the acquisition of a 92% stake in Liverpool ONE, a shopping centre, from ADIA, a globally-diversified investor, and Grosvenor, a diversified property group, for £490m ($620m).
LXT, a provider of AI training data to power intelligent technology, agreed to acqurie clickworker, a crowdsourcing platform providing on-demand, virtual workforce for projects or companies. Financial terms were not disclosed.
Assa Abloy, a supplier of locking and physical access solutions, completed the acquisition of Roger, a manufacturer of on-premise electronic access control systems and related hardware. Financial terms were not disclosed.
Kosmos Energy statements on potential offer for Tullow Oil. ( Press Release)
Following earlier announcements by Tullow Oil and Kosmos Energy regarding initial discussions on a potential offer for Tullow, Kosmos now confirms it does not intend to make a formal offer at this time. As a result, Kosmos is subject to the restrictions outlined in Rule 2.8 of the Code, except under the specific circumstances detailed below.
Kosmos Energy is advised by Brunswick Group and Evercore.
CVC considers buying Vivendi's stake in Telecom Italia. ( Bloomberg)
CVC Capital Partners is reportedly exploring the purchase of Vivendi’s stake in Telecom Italia, potentially setting the stage for a takeover of Italy’s largest telecommunications company.
The private equity firm is in early discussions with Vivendi to acquire its 24% stake in the Italian carrier's common shares, which is valued at approximately €1bn ($1.05bn)
Historically, Vivendi has worked with BNP Paribas, Banque Hottinguer, Cleary Gottlieb Steen & Hamilton and Loyens & Loeff, according to MergerLinks data.
Saudi healthcare firm Almoosa's IPO attracts $46bn in orders. ( Bloomberg)
Saudi Arabia’s Almoosa attracted $46bn in orders from institutional investors for its $450m IPO, signaling strong demand for Middle Eastern listings.
The healthcare provider set its final share price at $33, the top of the marketed range.
Shein considers selling under 10% of its shares in a London IPO. ( Reuters)
Fast-fashion retailer Shein is reportedly considering requesting a waiver from UK regulators to bypass the requirement to sell at least 10% of its shares in its planned London IPO.
This move aims to ease the IPO process. If approved, it would mark the first instance of a company listing in London with less than the 10% minimum required under the updated rules.
APAC
HEALWELL AI, a healthcare artificial intelligence company, agreed to acquire Orion Health, a subscription license and services revenue business, for NZD200m ($116m).
HEALWELL is advised by JP Morgan.
Nubank, a digital financial services platform, led a $250m Series D round in Tyme Groupa multi-country digital banking group, with participation from M&G Catalyst.
Adani-backed Ambuja Cements, a cement manufacturing and supplier company, agreed to merge with Penna Cement and Sanghi Industries, two recently purchased rivals. Financial terms were not disclosed.
Tax hike makes Perpetual-KKR deal unfavorable. ( Reuters)
Australia's Perpetual announced that an independent expert concluded its plan to sell its wealth management and corporate trust divisions to KKR is not in investors' best interests following a surge in tax liabilities.
The AUD2.2bn ($1.4bn) deal now faces uncertainty due to a larger-than-expected tax bill, increased liabilities, and reduced shareholder returns.
Historically, Perpetual has worked with Goldman Sachs, Bank of America, Herbert Smith Freehills and Vedder Price, according to MergerLinks data.
Iconic Beijing mall listed for sale by real estate firm Parkview. ( Bloomberg)
Hong Kong-based property firm Parkview Group is putting a landmark commercial complex in Beijing up for sale as China’s prolonged property downturn strains its cash flow.
The property, known locally as Fang Cao Di, is situated in Beijing’s central business district. The decision to sell comes as the company faces mounting mortgage payments and low occupancy rates.
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