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Top Highlights
Blackstone and TPG, two alternative asset managers, agreed to acquire Hologic, a medical technology company, for $18.3bn, according to press releases.
Hologic is advised by Goldman Sachs, Wachtell Lipton Rosen & Katz (led by Adam O. Emmerich) and Brunswick Group. Blackstone is advised by Citigroup, Kirkland & Ellis (led by Lauren Colasacco) and Ropes & Gray, according to press releases and MergerLinks data.
MARI, a global events and experiences company, completed the acquisition of Todaytix Group, a ticketing platform for cultural events across the globe, from Great Hill Partners, a private equity firm, according to press releases. Financial terms were not disclosed.
MARI is advised by Akin Gump Strauss Hauer & Feld. Great Hill Partners is advised by FGS Global. TodayTix Group is advised by Paul Hastings (led by Alexander Temel), Moelis & Company and LionTree Advisors, according to press releases and MergerLinks data.
Kelso & Company, a middle market private equity firm, agreed to acquire a 25% stake in Wellington-Altus, a financial services wealth management company located in Winnipeg, for $285m, according to press releases.
Wellington-Altus is advised by Ardea Partners. Kelso & Company is advised by Goldman Sachs and Debevoise & Plimpton (led by Spencer Gilbert), according to press releases and MergerLinks data.
AMERICAS
CoreWeave says it won’t raise $9bn offer for Core Scientific. ( Bloomberg)
ISS recommends vote against CoreWeave and Core Scientific merger. ( Reuters)
MEG delays shareholder vote on CAD7.5bn Cenovus takeover. ( Bloomberg)
HoldCo pushes for changes at First Interstate after building 3.8% stake. ( Bloomberg)
Warner Bros Discovery explores sale of media assets. ( WSJ)
US utilities ramp up dealmaking ahead of record power demand. ( Reuters)
Unilever delays Magnum Ice Cream demerger amid US government shutdown. ( Bloomberg)
Oracle’s dual CEOs to steer company’s AI transformation. ( WSJ)
OpenAI trains AI to automate junior bankers’ financial modeling work. ( Bloomberg)
EMEA
Permira prepares $4bn-plus sale of financial data group Octus. ( Reuters)
PayPal to acquire Carlyle’s stake in German e-commerce firm Shopware. ( Bloomberg)
Deutsche Bank and Carronade move to block Ardagh’s $10bn restructuring. ( FT)
Shawbrook targets £2bn valuation in London IPO. ( Bloomberg)
Princes Group plans €1bn acquisition fund after London IPO. ( Bloomberg)
EQT explores secondaries acquisitions including Coller and HarbourVest. ( Bloomberg)
MFE takes control of ProSiebenSat.1 with CEO appointment. ( Reuters)
APAC
Startup buyouts surge in Japan ahead of listing rule changes. ( Bloomberg)
GCash delays $1bn–$1.5bn Philippine IPO to 2026. ( Bloomberg)
Techcom Securities rises 6% in Vietnam trading debut. ( Bloomberg)
Haier considers $500m IPO of IoT unit Cosmoplat. ( Bloomberg)
Maynilad prices $428m Philippine IPO at top of range. ( Bloomberg)
Anugrah Neo Energy Materials plans $300m Indonesia IPO. ( Reuters)
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AMERICAS
SL Green, a Manhattan’s largest office landlord, agreed to acquire Park Avenue Tower in New York from Blackstone, an alternative asset manager, for $730m, according to press releases.
SL Green is advised by BerlinRosen. Blackstone is advised by Simpson Thacher & Bartlett (led by Scott Kobak) and Eastdil Secured (led by William Silverman), according to press releases and MergerLinks data.
National Fuel, a company that distributes and transports natural gas, agreed to acquire Ohio natural gas utility business from CenterPoint, a utility company, according to press releases. Financial terms were not disclosed.
National Fuel is advised by TD Securities, Wells Fargo Securities and Jones Day (led by Jeffrey A. Schlegel), according to press releases and MergerLinks data.
Veeam, a software company, agreed to acquire Securiti, a provider of data security and AI solutions, for $1.73bn, according to press releases.
Veeam is advised by JP Morgan. Securiti is advised by Morgan Stanley, according to press releases.
Atlassian Corporation, a software company, completed the acquisition of The Browser Company, a browser provider, for $610m, according to press releases.
Atlassian Corporation is advised by Freshfields Bruckhaus Deringer (led by Denny Kwon), according to MergerLinks data.
Dataminr, an AI-powered real-time event, threat, and risk intelligence company, agreed to acquire ThreatConnect, a cybersecurity company, for $290m, according to press releases.
Coinbase, a secure online platform for buying, selling, transferring, and storing cryptocurrency, completed the acquisition of Echo, the leading onchain capital raising platform, for $375m, according to press releases.
CoreWeave says it won’t raise $9bn offer for Core Scientific. (Bloomberg)
CoreWeave CEO Michael Intrator said the company will not increase its $9bn bid for data center provider Core Scientific, despite shareholder opposition.
Intrator said the offer is appropriately priced, adding that others are free to make competing bids. CoreWeave has been expanding through acquisitions to strengthen its cloud and AI capabilities.
ISS recommends vote against CoreWeave and Core Scientific merger. (Reuters)
Proxy advisory firm ISS has recommended that investors vote against CoreWeave’s proposed $9bn all-stock acquisition of Core Scientific, valued at $20.40 per share.
ISS said Core Scientific has shown strong standalone performance and could continue operating independently. A shareholder vote is scheduled for October 30.
MEG delays shareholder vote on CAD7.5bn Cenovus takeover. (Bloomberg)
MEG Energy has postponed its shareholder vote on Cenovus Energy’s CAD7.5bn ($5.3bn) takeover bid to October 30, citing insufficient support.
About 63% of votes have been cast in favor, short of the two-thirds required. Cenovus raised its cash-and-stock offer earlier this month to CAD29.52 ($21.04) per share to secure approval.
HoldCo pushes for changes at First Interstate after building 3.8% stake. (Bloomberg)
HoldCo Asset Management has accumulated a 3.8% stake in First Interstate BancSystem, investing $129m since March.
The activist investor is urging the Montana-based regional bank to halt acquisitions and expand its share buyback program, warning it may push for a sale if management fails to act.
Warner Bros Discovery explores sale of media assets. (WSJ)
The company has launched a strategic review to evaluate potential divestments of its media holdings as part of efforts to unlock value and streamline operations.
The process follows interest from multiple parties and aims to assess all strategic alternatives to maximise shareholder returns.
US utilities ramp up dealmaking ahead of record power demand. (Reuters)
US utilities are accelerating mergers and acquisitions as electricity demand is set to reach record highs in 2025 and 2026.
Companies are acquiring generation assets and selling non-core businesses to fund large-scale investments, driven by surging power needs from data centers supporting the AI boom.
Unilever delays Magnum Ice Cream demerger amid US government shutdown. (Bloomberg)
Unilever has delayed the planned spinoff of The Magnum Ice Cream Company due to the US government shutdown, which has stalled SEC approval for its NYSE listing.
The company still expects to complete the demerger this year as part of efforts to streamline operations and boost growth.
Oracle’s dual CEOs to steer company’s AI transformation. (WSJ)
Oracle has reinstated a dual-CEO structure to lead its push into artificial intelligence, with each chief executive overseeing distinct business areas under Chairman Larry Ellison’s strategic vision.
The move marks the second time in the company’s history it has adopted co-leadership, as the software and database giant seeks to strengthen its position in the AI-driven cloud market.
OpenAI trains AI to automate junior bankers’ financial modeling work. (Bloomberg)
OpenAI has hired over 100 former investment bankers to train its AI on building financial models, aiming to automate the routine work of junior bankers.
The project, code-named Mercury, involves ex-employees from JPMorgan, Morgan Stanley, and Goldman Sachs, who are paid $150 per hour to create prompts and models for deals such as IPOs and restructurings.
EMEA
Coca-Cola HBC, the world's third-largest Coca-Cola anchor bottler, agreed to acquire a 75% stake in Coca-Cola Beverages Africa, the eighth largest Coca-Cola bottling partner worldwide by revenue, from The Coca-Cola Company, a multinational corporation, for $2.6bn, according to press releases.
Coca-Cola HBC is advised by Teneo (led by Nick Claydon) and V+O Communications (led by Sonia Manesi), according to press releases.
Arklyz, a fast-growing powerhouse in the arena of sports, athleisure and workwear, completed the acquisition of Gabor Shoes, a shoes manufacturer, according to press releases. Financial terms were not disclosed.
Gabor Shoes was advised by Noerr (led by Gerald Reger), according to press releases.
Oteis, an independent French consulting and engineering group, agreed to acquire GreenFlex, an environmental and social consultancy firm, from TotalEnergies, a global integrated energy company, according to press releases. Financial terms were not disclosed.
Permira prepares $4bn-plus sale of financial data group Octus. (Reuters)
Permira is preparing to sell Octus, the financial data provider formerly known as Reorg, in a deal that could exceed $4bn.
The London-based buyout firm has begun early talks with banks and may launch an auction next year, capitalising on growing demand for financial data to power AI and technology applications.
PayPal to acquire Carlyle’s stake in German e-commerce firm Shopware. (Bloomberg)
PayPal is set to take over Carlyle Group’s stake in Shopware, increasing its ownership to about 41% from 11%.
Carlyle and PayPal originally invested $100m in the German digital commerce company in 2022 to support its international expansion.
Deutsche Bank and Carronade move to block Ardagh’s $10bn restructuring. (FT)
Deutsche Bank and hedge fund Carronade Capital are opposing a $10bn restructuring deal between billionaire Paul Coulson and Ardagh Group’s bondholders that would see shareholders paid to relinquish control.
The Luxembourg-based packaging giant, burdened by heavy debt and higher costs, reached the agreement in July after a year of creditor talks.
Shawbrook targets £2bn valuation in London IPO. (Bloomberg)
Shawbrook Group and its backers aim for a valuation of up to £2bn ($2.7bn) in a London listing, one of the largest UK IPOs in years.
The lender plans to raise £50m ($37m) from new shares, while existing investors will sell up to 81.1m shares priced between £3.50 ($2.60) and £3.90 ($2.90) each.
Princes Group plans €1bn acquisition fund after London IPO. (Bloomberg)
Princes Group, the 145-year-old canned food producer, plans to use proceeds from its upcoming London IPO to finance further takeovers.
The listing, expected to raise about £400m ($534m), will give the company roughly €1bn ($1.2bn) in liquidity for acquisitions, Executive Chairman Angelo Mastrolia said.
EQT explores secondaries acquisitions including Coller and HarbourVest. (Bloomberg)
EQT is in talks with firms including Coller Capital, HarbourVest Partners, and Pantheon as it looks to expand its secondaries investment business.
The Stockholm-based private equity firm is seeking to acquire a platform focused on buying stakes in private equity, credit, and infrastructure funds from existing investors.
MFE takes control of ProSiebenSat.1 with CEO appointment. (Reuters)
MFE-MediaForEurope has consolidated its control over German broadcaster ProSiebenSat.1 by naming Marco Giordani as chief executive, following its takeover completed in September.
Giordani, formerly MFE’s CFO, brings more than two decades of leadership experience to the role.
APAC
Telkom Indonesia, an Indonesian multinational telecommunications conglomerate, agreed to spin off its wholesale fibre connectivity business in a $2.16bn deal, according to press releases.
KKR and Quadrantis Capital, investment firms, agreed to acquire a 13.07% stake in Peak Re, an emerging market reinsurance specialist, according to press releases. Financial terms were not disclosed.
Ant Group, an information technology and services company, led a $100m Series B4 round in Zelostech, a company in the research, development, and application of autonomous driving technology for urban logistics, according to press releases.
Startup buyouts surge in Japan ahead of listing rule changes. (Bloomberg)
Japan is witnessing a record number of startup acquisitions as regulators move to tighten listing requirements on the Tokyo Stock Exchange. From 2030, companies valued below JPY10bn ($66m) five years after listing may face delisting, prompting smaller firms to merge or sell.
Over 60% of the roughly 600 companies on the Growth Market fall below this threshold, representing about $12bn in total value.
GCash delays $1bn–$1.5bn Philippine IPO to 2026. (Bloomberg)
GCash, backed by Ant Group and Mitsubishi UFJ Financial Group, plans to postpone its Manila IPO to the second half of 2026 amid weak market conditions.
The fintech firm had earlier aimed to raise $1bn–$1.5bn through the offering, though deliberations are still ongoing.
Techcom Securities rises 6% in Vietnam trading debut. (Bloomberg)
Techcom Securities shares gained 6% to VND49k ($1.88) in their Ho Chi Minh City debut, giving the brokerage a market value of about VND114.6tn ($4.3bn).
The listing comes as Vietnam’s market rebounds after a sharp selloff triggered by concerns over corporate bond issuance.
Haier considers $500m IPO of IoT unit Cosmoplat. (Bloomberg)
Haier Smart Home is weighing an initial public offering of its Internet-of-Things subsidiary Cosmoplat that could raise about $500m next year.
The company is working with China International Capital and HSBC on the potential share sale, with details still under discussion.
Maynilad prices $428m Philippine IPO at top of range. (Bloomberg)
Maynilad Water Services priced its IPO at PHP15 ($0.26) per share, the top of the marketed range, marking the Philippines’ largest listing since 2021.
The utility firm is selling 1.66bn shares to raise PHP24.9bn ($428m), with proceeds potentially exceeding PHP34bn ($584.27m) if options are exercised.
Anugrah Neo Energy Materials plans $300m Indonesia IPO. (Reuters)
Anugrah Neo Energy Materials, an Indonesian nickel mining and processing company, is planning to raise over $300m in an IPO on the Indonesia Stock Exchange.
The firm, which is building facilities to produce materials for electric vehicle batteries, aims to debut in December.
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