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Top Highlights
Blackstone and TPG, two alternative asset managers, completed the acquisition of Hologic, a medical technology company, for $18.3bn. The transaction includes minority investments from ADIA and GIC, according to press releases.
Tinicum, a New York-based private investment firm, and Blackstone, an American alternative investment management company, agreed to acquire Senior, a UK-based international engineering and manufacturing group, at an enterprise value of £1.4bn ($1.85bn), according to press releases.
Gilead Sciences, an American biopharmaceutical company, agreed to acquire Tubulis, a developer of chemotherapeutic drugs, for $5bn, according to press releases.
Gilead Sciences is advised by Allen & Company, Centerview Partners, Arnold & Porter Kaye Scholer, Covington & Burling and Venable. Tubulis is advised by JP Morgan, CMS Legal, Goodwin Procter and Trophic Communications (led by Stephanie May), according to press releases.
AMERICAS
Consumer megadeals return with $45bn, $29bn transactions. ( Reuters)
Viva and Volaris explore merger amid antitrust concerns. ( Bloomberg)
Nvidia acquisition of SchedMD raises competition concerns. ( Reuters)
Madison Air seeks $2.23bn in US IPO. ( Bloomberg)
Blackstone closes $10bn opportunistic credit fund. ( Press Release)
H.I.G. Capital appoints Brian Schwartz as CEO. ( Bloomberg)
Simpson Thacher hires partners to expand sports dealmaking. ( Bloomberg)
Plata appoints Marcos Kantt CFO ahead of IPO plans. ( Bloomberg)
EMEA
Commerzbank pushes back on UniCredit takeover stance. ( Press Release)
APAC
SmartHR considers Tokyo IPO later this year. ( Bloomberg)
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AMERICAS
Neurocrine Biosciences, a San Diego-based biopharmaceutical company, agreed to acquire Soleno Therapeutics, a biopharmaceutical company primarily focused on developing treatments for rare diseases, in a $2.9bn deal, according to press releases.
Soleno Therapeutics is advised by Centerview Partners, Guggenheim Partners, Wilson Sonsini Goodrich & Rosati, LifeSci Partners (led by Brian Ritchie) and Joele Frank (led by Kara Brickman and Tim Lynch). Neurocrine Biosciences is advised by Goldman Sachs, Cooley and Joele Frank (led by Andrew B. Siegel), according to press releases and MergerLinks data.
A consortium of investors led by Max Wygod, Chairman and CEO, together with certain other senior executives and existing stockholders, agreed to acquire Forian, a US-based healthcare data and analytics company, at a $68m valuation, according to press releases.
A consortium of investors is advised by A&O Shearman, Abrams & Bayliss and Venable. Forian is advised by Houlihan Lokey, Duane Morris, Miles & Stockbridge and Potter Anderson & Corroon. Houlihan Lokey is advised by Sullivan & Cromwell (led by Rita-Anne O’Neill), according to press releases and MergerLinks data.
Enlyte, a company that provides cloud-based financial management software, completed the acquisition of PartsTrader, an information technology company, according to press releases. Financial terms were not disclosed.
PartsTrader was advised by William Blair & Co and Gigantic Media (led by Sidney Lindner). Enlyte was advised by Goldman Sachs, Raymond James, Kirkland & Ellis, Quigg Partners and Mindset Agency, according to press releases.
Booz Allen Hamilton, an American company specializing in digital transformation and artificial intelligence, completed the acquisition of Defy Security, a cybersecurity company, from Sverica Capital Management, a private equity firm, according to press releases. Financial terms were not disclosed.
Defy Security was advised by JP Morgan and Choate Hall & Stewart. Booz Allen Hamilton was advised by PricewaterhouseCoopers, Oliver Wyman, AGC Partners (led by Eric Davis) and King & Spalding, according to press releases and MergerLinks data.
Uplift Investors, a middle-market private equity firm, completed the acquisition of IMS Legal Strategies, a global professional services firm providing integrated litigation consulting and expert witness services to law firms and corporations, according to press releases. Financial terms were not disclosed.
IMS Legal Strategies was advised Deloitte and Katten Muchin Rosenman. Uplift Investors was Piper Sandler, Robert W Baird, Kirkland & Ellis and Prosek Partners (led by Joshua Rosen), according to press releases.
BC Partners-backed Runway Growth Finance, a provider of flexible capital solutions, completed the acquisition of SWK Holdings, a life science focused specialty finance company, for $249m, according to press releases.
SWK Holdings was advised by Keefe Bruyette & Woods and Goodwin Procter. Runway Growth Finance was advised by Simpson Thacher & Bartlett (led by Jonathan Corsico) and Prosek Partners (led by Taylor Donahue), according to press releases and MergerLinks data.
Energy Capital Partners, a New Jersey-based private equity firm, agreed to acquire EnergySolutions, a nuclear company providing integrated solutions across the full nuclear lifecycle, from TriArtisan Capital Advisors, a private equity firm, according to press releases. Financial terms were not disclosed.
Energy Capital Partners is advised by Latham & Watkins and FGS Global (led by Nick Rust and Akash Lodh). EnergySolutions is advised Morgan Stanley, RBC Capital Markets and Ropes & Gray, according to press releases.
Howmet Aerospace, a global provider of advanced engineered solutions for the aerospace and transportation industries, completed the acquisition of Consolidated Aerospace Manufacturing, a manufacturer and supplier of aerospace components, from Stanley Black & Decker, a provider of industrial tools and household hardware, for $1.8bn, according to press releases.
Howmet Aerospace was advised by JP Morgan (led by Ked Fisseha) and Cleary Gottlieb Steen & Hamilton (led by Kyle Harris and Glenn P. McGrory). Stanley Black & Decker was advised Evercore and Skadden Arps Slate Meagher & Flom (led by Samuel J. Cammer), according to press releases and MergerLinks data.
Gamut Capital Management, a private equity firm, agreed to acquire Acousti Engineering Company, a specialty interiors contractor, from Ardian, a private equity firm, according to press releases. Financial terms were not disclosed.
Gamut Capital is advised by Katten Muchin Rosenman and Prosek Partners. Acousti Engineering Company is advised by Lincoln International and Sheppard Mullin Richter & Hampton, according to press releases.
Kelso & Company, and ARA Services Partners, the private equity firms, completed the investment in Beacon Communications, a national provider of critical communications and security technology solutions, according to press releases. Financial terms were not disclosed.
Beacon Communications was advised by Houlihan Lokey and Polsinelli. Kelso & Company was advised by AEC Advisors and Debevoise & Plimpton (led by Christopher Anthony, Emily F. Huang and Dominique Trudelle). ARA Services Partners was advised by AEC Advisors, according to press releases and MergerLinks data.
TransDigm, a designer, manufacturer of aircraft components, completed the acquisition of Jet Parts Engineering, an independent designer and manufacturer of aerospace aftermarket solutions, and Victor Sierra Aviation, designer, manufacturer, and distributor of proprietary PMA and other aftermarket parts, from Vance Street Capital, a private equity firm, for $2.2bn, according to press releases.
TransDigm Group was advised by BakerHostetler. Jet Parts Engineering, Victor Sierra Aviation and Vance Street were advised by Harris Williams & Co and Paul Hastings (led by Jason M. Rednour), according to press releases and MergerLinks data.
A consortium of investors led by Bryson DeChambeau, a professional golfer and main investor, completed the acquisition of Sportsbox AI, an AI-powered technology company that develops coaching and training mobile applications in sports and fitness, according to press releases. Financial terms were not disclosed.
Sportsbox AI was advised by Orchestra Communications (led by Peter Drummond). Bryson DeChambeau was advised by Fortified Partners and Weil Gotshal and Manges, according to press releases.
Black Bay Partners, a private equity firm, completed an investment in Gulf Coast Midstream Partners, a private developer of energy midstream asset, according to press releases. Financial terms were not disclosed.
Gulf Coast Midstream Partners was advised by Troutman Pepper Locke. Black Bay Partners was advised by Kirkland & Ellis, according to press releases.
Consumer megadeals return with $45bn, $29bn transactions. ( Reuters)
The deals signal industry consolidation as companies respond to shifting demand, tariffs and slower growth.
Viva and Volaris explore merger amid antitrust concerns. ( Bloomberg)
Mexican airlines Viva and Volaris are exploring a potential merger that could reshape the country’s low-cost aviation market.
The combination is expected to face antitrust scrutiny as regulators assess its impact on competition.
Nvidia acquisition of SchedMD raises competition concerns. ( Reuters)
Nvidia’s acquisition of SchedMD has sparked concerns among AI and supercomputing specialists over potential control of critical open-source software.
The deal gives Nvidia control of Slurm, widely used for managing computing workloads in AI training and high-performance computing systems.
Madison Air seeks $2.23bn in US IPO. ( Bloomberg)
Madison Air is preparing for an initial public offering that could raise about $2.23bn as it moves toward a US listing.
The company is positioning the IPO to support growth and capital needs, with expected investor interest in industrial assets.
Blackstone closes $10bn opportunistic credit fund. ( Press Release)
Blackstone has completed fundraising for its Capital Opportunities Fund V with more than $10bn, hitting its hard cap.
The fund builds on the firm’s opportunistic credit strategy, which has delivered a 13% net IRR since inception.
H.I.G. Capital appoints Brian Schwartz as CEO. ( Bloomberg)
H.I.G. Capital has named Brian Schwartz as chief executive officer, marking the first time the firm will be led by a non-founder.
The appointment signals a leadership transition as the firm continues expanding its global investment platform.
Simpson Thacher hires partners to expand sports dealmaking. ( Bloomberg)
Simpson Thacher & Bartlett is expanding its sports dealmaking team with the addition of three partners as competition intensifies among law firms for sports‑related transactions.
Michael Kuh and Eric Geffner have joined the mergers and acquisitions practice and will serve as co‑heads of the firm’s sports group within its sports, media and entertainment practice.
The firm has also appointed Matthew Carpenter‑Dennis, who previously oversaw team ownership transactions at the National Basketball Association, as a partner.
Plata appoints Marcos Kantt CFO ahead of IPO plans. ( Bloomberg)
Marcos Kantt, a former investment banker turned fintech executive, is set to take over as chief financial officer of Banco Plata, marking a key senior management appointment at the company.
The move comes as the fast-growing digital bank continues to scale its operations and prepare for an eventual public offering.
EMEA
Blackstone Tactical Opportunities, the opportunistic investment division of Blackstone, agreed to invest in Sunotec, a European provider of integrated solar solutions, according to press releases. Financial terms were not disclosed.
Blackstone is advised by Nomura Greentech and Kirkland & Ellis. Sunotec is advised by JP Morgan, Linklaters and Djingov Gouginski Kyutchukov Velichkov (DGKV), according to press releases.
Pershing Square, an investment advisory firm, offered to acquire Universal Music Group, a global music corporation, at an enterprise value of €56bn ($74.1bn), according to press releases.
Pershing Square is advised by Jefferies & Company, Stibbe, Sullivan & Cromwell and White & Case, according to press releases.
Global Development JSC, a Russian company owned by a Moscow-based financial investor with a background in factoring services, failed to acquire the Russian business of ING, a banking services company, according to press releases. Financial terms were not disclosed.
Bureau Veritas to acquire Lotusworks for €375m.
Bureau Veritas, a global provider in testing, inspection, and certification services, agreed to acquire Lotusworks, a global provider of mission‑critical assets commissioning and quality assurance and control, for €375m ($432.76m), according to press releases.
Commerzbank pushes back on UniCredit takeover stance. ( Press Release)
Commerzbank has challenged UniCredit’s claims and signalled ongoing engagement over a potential takeover offer.
The bank said recent discussions have explored the basis and value of the proposed transaction despite disagreements.
APAC
Decheng Capital, a global venture capital firm, and CDH VGC, the venture capital arm of CDH Investments, led a $150m Series B in Syneron Bio, a Chinese biotechnology company, with participation from Abu Dhabi Investment Authority, True Light Capital, Qiming Venture Partners, BioTrack Capital, AstraZeneca, LAV, Sinovation Capital, 5Y Capital, GL Ventures, Biotech Development Fund, Lenovo Capital, and others, according to press releases.
SmartHR considers Tokyo IPO later this year. ( Bloomberg)
KKR-backed SmartHR is considering an IPO in Tokyo that could take place later this year as it explores public market options.
The company is assessing timing and structure of the listing, with plans still under discussion.
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