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AMERICAS
Informa, a provider of market insight and market access to the global business technology community, completed the acquisition of a 57% stake in TechTarget, an American company which offers data-driven marketing services to business-to-business technology vendors, for $350m.
Addus HomeCare, a provider of home care services, completed the acquisition of the personal care operations of Gentiva, a provider of home health care, hospice, and related health services in the United States, for $350m.
Addus HomeCare was advised by Bank of America, Bass Berry & Sims and Finn Partners (led by Dru Anderson). Gentiva was advised by Goldman Sachs, Debevoise & Plimpton (led by Andrew Bab) and Ropes & Gray.
CapVest Partners-backed Second Nature Brands, a creator of premium snacks and treats, completed the acquisition of Voortman, a cookie brand, from J.M. Smucker, a manufacturer of food and beverage products, for $305m.
Second Nature Brands was advised by Stikeman Elliott (led by Jonah Mann) and Willkie Farr & Gallagher (led by Ryan Giggs and David Arnold). CapVest Partners was advised by Morgan Stanley. J.M. Smucker was advised by Goldman Sachs, Blake Cassels & Graydon and Wachtell Lipton Rosen & Katz (led by Ilene Knable Gotts).
Summit Midstream, a growth-oriented limited partnership focused on owning and operating midstream energy infrastructure, completed the acquisition of Tall Oak Midstream, a large-scale gas gathering and processing system, from Tailwater Capital, a growth-oriented energy private equity firm, for $155m.
Summit Midstream was advised by Guggenheim Partners and Locke Lord. Guggenheim Partners was advised by Gibson Dunn & Crutcher. Tailwater Capital was advised by TPH&Co, Kirkland & Ellis and Joele Frank (led by Jonathan Keehner).
Astorg, a private equity firm with an extensive and successful track record in global healthcare investments, completed the acquisition of the IVF/ART product lines of Cook Medical, a family-owned medical device company. Financial terms were not disclosed.
Astorg was advised by Jefferies & Company, Stikeman Elliott, Weil Gotshal and Manges, Prosek Partners and Steele and Holt. Cook Medical was advised by JP Morgan.
Private equity firms Blackstone and Greater Sum Ventures completed an investment in Inhabit, a property management software solutions provider. Financial terms were not disclosed.
Inhabit was advised by Goldman Sachs and Jefferies & Company. Blackstone was advised by Guggenheim Partners and Weil Gotshal and Manges (led by Christopher Machera and Jenna McBain). Greater Sum Ventures was advised by Paul Weiss Rifkind Wharton & Garrison (led by Edward Ackerman and Megan Spelman).
KKR completed the acquisition of a 50% stake in FGS Global, a strategic communications and public relations firm, from WPP, a British multinational advertising and public relations company, for $1.7bn.
United Community Banks, a bank holding company, agreed to merge with ANB Holdings, a parent company of American National Bank, in a $80m deal.
ANB is advised by Hovde Group and Smith Mackinnon. United Community Banks is advised by Stephens and Wachtell Lipton Rosen & Katz (led by Brandon C. Price).
Perdoceo, a provider of postsecondary education, completed the acquisition of University of St. Augustine for Health Sciences, a university offering graduate health sciences degrees, primarily in physical therapy, from Atlas Partners, a private equity firm, for $138m.
University of St. Augustine was advised by Morgan Stanley. Perdoceo was advised by Alpha IR (led by Sam Gibbons). Atlas Partners was advised by FGS Global (led by Andrew Cole).
Accel Entertainment, a distributed gaming operator, completed the acquisition of FanDuel Sportsbook & Racetrack, an active horse racing venue. Financial terms were not disclosed.
FanDuel was advised by Wells Fargo Securities and Lewis Rice. Accel Entertainment was advised by H/Advisors Abernathy (led by Eric Bonach).
OMERS, a Canadian private equity firm, agreed to acquire Integris, a managed IT services provider, from Frontenac, a Chicago-based private equity firm. Financial terms were not disclosed.
Integris is advised by DLA Piper and Robert W Baird. OMERS is advised by Cravath Swaine & Moore.
Private equity companies Frazier Life Sciences and Deep Track Capital, led a $115m Series D funding in Maze Therapeutics, a clinical-stage biopharmaceutical company, with participation from Janus Henderson Investors, Logos Capital, Third Rock Ventures, ARCH Venture Partners, Matrix Capital Management, GV, General Catalyst, Andreessen Horowitz, Foresite Capital, Woodline Partners, Casdin Capital, Piper Heartland Healthcare Capital, Moore Strategic Ventures.
Maze Therapeutics was advised by JP Morgan and 1AB (led by Dan Budwick).
CDW, a provider of information technology solutions, completed the acquisition of Mission Cloud Services, a cloud professional services, managed services and consulting provider. Financial terms were not disclosed.
Mission Cloud Services was advised by Choate Hall & Stewart. CDW was advised by Sidley Austin (led by Gary Gerstman).
Berkshire Partners, a private equity firm, completed an investment in RJW Logistics, a provider of retail logistics solutions for consumer packaged goods brands. Financial terms were not disclosed.
RJW Logistics was advised by Harris Williams & Co. Berkshire Partners was advised by Jefferies & Company.
KPS Capital Partners, an American private equity firm, agreed to acquire Crane Composites, a fiberglass reinforced plastic composites designer and manufacturer, from Crane, an American industrial products company, for $227m.
KPS Capital Partners is advised by Paul Weiss Rifkind Wharton & Garrison.
Compass, a residential real estate broker, agreed to acquire @properties, a real estate services company, and Christie's International Real Estate, an international network of independently owned luxury real estate firms. Financial terms were not disclosed.
LG Energy Solution, a Korean battery maker, agreed to acquire EV battery plant in Michigan from General Motors, an American multinational corporation designing, manufacturing and distributing vehicles and vehicle parts. Financial terms were not disclosed.
Trinity Investments shows interest in acquiring Sunstone REIT. ( Bloomberg)
Trinity Investments has shown interest in acquiring Sunstone Hotel Investors.
The firm reportedly considered offering approximately $13 per share for Sunstone, based in Aliso Viejo, California. However, the companies are not currently engaged in active discussions.
Historically, Trinity Investments has worked with Gibson, Dunn & Crutcher and JLL Corporate Finance, according to MergerLinks data.
ServiceTitan, a provider of home service software, is aiming to raise up to $502m through an initial public offering, potentially marking the final major US listing of 2024.
The Glendale, California-based company plans to offer 8.8m shares priced between $52 and $57 each.
EMEA
EPAM Systems, a provider of digital engineering, cloud and AI-enabled transformation services, completed the acquisition of the First Derivative business of FD Technologies, a provider of software and consulting services, for £230m ($292m).
WAI Global, a distributor of starter motors and alternators, completed the acquisition of a majority stake in Pos Service Holland, a distribution of starter motors and alternators, from Nordian Capital Partners, a private equity firm. Financial terms were not disclosed.
Pos Service Holland was advised by Jefferies & Company. WAI Global was advised by OXEYE Advisors and Stibbe (led by Marc Habermehl and Rein van Helden).
IRIS Software Group, a global provider of accountancy, education management, HR and payroll solutions, agreed to acquire Dext, a bookkeeping automation platform provider, from Hg Capital, a private equity firm. Financial terms were not disclosed.
Hg Capital is advised by Cadarn Capital (led by David Harris).
VG Invest, a newly formed company owned equally by two longstanding Baltika employees, agreed to acquire Baltika Breweries, a brewing company, from Carlsberg Group, a Danish multinational brewing company for $321m.
Total nearing €2bn acquisition of renewables developer VSB. ( Bloomberg)
French oil major TotalEnergies is reportedly nearing a deal to acquire VSB Group, a vertically integrated renewable energy developer, from private equity firm Partners Group for approximately €2bn ($2.1bn).
Historically, TotalEnergies has worked with Ernst & Young, Citigroup, Latham & Watkins and White & Case, according to MergerLinks data.
Exxon continues negotiations for shallow-water block in Guyana auction. ( Reuters)
US oil giant Exxon Mobil and its partners are in ongoing discussions with the Guyanese government regarding the development terms for a shallow-water oil block.
The consortium, comprising Exxon, Hess, and CNOOC, secured offshore block S8 during a bidding round initiated by President Irfaan Ali's administration in late 2022.
Historically, ExxonMobil has worked with Jefferies & Company, Citigroup, White & Case and Latham & Watkins, according to MergerLinks data.
RG Gold considers stake sale to support growth funding. ( Bloomberg)
Kazakhstan-based miner RG Gold is exploring the sale of a minority stake to support funding for its development projects in the Central Asian region.
The company, with the assistance of advisers, is gauging investor interest in a deal that could value RG Gold between $1bn and $2bn.
Blue Earth Capital hits $1bn AuM with Credit Strategies fund surpassing $100m target. ( Press Release)
Blue Earth Capital, a global impact investment specialist, has successfully closed its credit impact fund, BlueEarth Credit Strategies II, exceeding its target with $108m.
This milestone pushes BlueEarth’s total assets under management to over $1bn across private credit, private equity, and co-investment strategies.
APAC
Animalcare Group, a developer and supplier of veterinary pharmaceutical products, agreed to acquire Randlab, a veterinary pharmaceuticals and services provider, for £62m ($79m).
Animalcare Group is advised by Panmure Liberum and Stifel.
Pacific Equity, a private equity firm, agreed to acquire Freight Management, a diversified logistics holding company, from Singapore Post, a postal and e-commerce logistics provider company, for $650m.
TelstraSuper, an Australian superannuation fund, agreed to merge with Equip Super, a profit-to-member superfund providing financial advice and retirement income accounts. Financial terms were not disclosed.
Exxon reportedly considering $1bn sale of Singapore gas stations. ( Bloomberg)
Exxon Mobil is exploring the sale of its gas stations in Singapore, a move that could generate approximately $1bn.
The oil major is collaborating with financial advisers on the potential transaction. Preliminary interest has reportedly been expressed by other industry players and investment funds.
Historically, ExxonMobil has worked with Jefferies & Company, Citigroup, White & Case and Latham & Watkins, according to MergerLinks data.
After a $2bn gain from Swiggy, Prosus sets sights on more Indian portfolio listings. ( DealStreetAsia)
After earning nearly $2bn in profits from the IPO of Indian food delivery giant Swiggy, Dutch tech investor Prosus plans to take five of its Indian portfolio companies public within the next 18 months.
The list of potential IPO candidates includes digital payments and lending platform PayU, online marketplace Meesho, and jewelry retailer Bluestone.
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