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Top Highlights
Private equity firms Blackstone and Vista Equity Partners, completed the acquisition of Smartsheet, a cloud-based work management platform, for $8.4bn, according to press releases.
Sevita, a provider of home and community-based specialty health care, agreed to acquire ResCare Community Living, a company that assists adults and children with daily living due to developmental, cognitive, or intellectual disabilities, from BrightSpring Health Services, a provider of home and community-based pharmacy and health services for complex populations, for $835m, according to press releases.
Sevita is advised by Barclays, Goldman Sachs and Kirkland & Ellis. BrightSpring is advised by Guggenheim Partners, Leerink Partners, Polsinelli PC, Simpson Thacher & Bartlett and Gilmartin Group, according to press releases.
Thoma Bravo-backed BlueMatrix, a publisher of investment research, completed the acquisition of Street Context, a software company, according to press releases. Financial terms were not disclosed.
BlueMatrix was advised by RBC Capital Markets, Kirkland & Ellis and McMillan. Debt financing was provided by Golub Capital. Street Contex was advised by DLA Piper, according to press releases.
Deal Round up
AMERICAS
Azul-Gol airline merger could be a 'necessary evil' in bumpy Brazil market. ( Reuters)
US car wash operator Spotless Brands explores sale. ( Reuters)
Portugal's EDP confident of its US plans despite Trump wind review. ( Reuters)
Venture Global LNG set to lower price range on blockbuster IPO. ( Reuters)
EMEA
Bankers pitch up to €1bn debt for buyout of Karo Healthcare sale. (Bloomberg)
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AMERICAS
TruArc Partners-backed Aptyx, a global developer and manufacturer of complex components and devices for the life sciences, completed the acquisition of North Carolina facility from Medical Murray, a privately owned company producing finished medical devices, according to press releases. Financial terms were not disclosed.
Aptyx was advised by Raymond James, Parker Poe Adams & Bernstein and Kalligeros Communications (led by Maria Kalligeros). Medical Murray was advised by Buckley Fine and Areida Group, according to press releases.
Ares Management, a private equity firm, completed the acquisition of Form Technologies, a global producer of precision-engineered components, for $304m.
Ares Management was advised by Evercore and Paul Weiss Rifkind Wharton & Garrison. Form Technologies was advised by Jefferies & Company and Kirkland & Ellis, according to press releases.
PAR Excellence Systems, a provider of supply chain integrity and cost management solutions to the healthcare industry, completed the acquisition of NotiSphere, a provider of medical inventory recall notice tracking services to healthcare providers and medical device manufacturers, according to press releases. Financial terms were not disclosed.
NotiSphere was advised by Stubbs Alderton & Markiles. PAR Excellence Systems was advised by Paul Weiss Rifkind Wharton & Garrison (led by Angelo Bonvino and Michael Vogel) and Stanton PRM (led by Alex Goss), according to Mergerlinks data and press releases.
Morgan Stanley Infrastructure Partners, an infrastructure investment platform, completed the investment in Torch Clean Energy, a utility-scale solar and storage developer, according to press releases. Financial terms were not disclosed.
Torch Clean Energy was advised by KeyBanc Capital Markets and Latham & Watkins. Morgan Stanley was advised by Santander and Simpson Thacher & Bartlett (led by Eli Hunt), according to Mergerlinks data and press releases.
CardWorks, a servicer of credit cards and other card products, agreed to acquire credit card business of Ally Financial, a financial services company, according to press releases. Financial terms were not disclosed.
CardWorks is advised by Cravath Swaine & Moore (led by Ting S. Chen and Andrew Wark). Ally Financial is advised by JP Morgan and Sullivan & Cromwell, according to Mergerlinks data and press releases.
Astorg, a pan-European private equity firm, agreed to acquire Medical Media Business of FUJIFILM Irvine Scientific, a manufacturer of cell culture solutions for the life science and medical markets, according to press releases. Financial terms were not disclosed.
Astorg is advised by Jefferies & Company. FUJIFILM is advised by Zyme Communications, according to Mergerlinks data and press releases.
Google, an American multinational technology company, agreed to invest $1bn in Anthropic, an operator of an AI safety and research company.
Seaport Capital-backed CyberlinkASP, a software company, completed the acquisition of Cosentus Technology Services, a provider of IT solutions and managed services, according to press releases. Financial terms were not disclosed.
Azul-Gol airline merger could be a 'necessary evil' in bumpy Brazil market. ( Reuters)
A proposed merger between two of Brazil's largest airlines, aimed at creating a dominant carrier, is expected to secure regulatory approval as the government's focus on a financially robust aviation sector takes precedence over concerns about reduced competition.
The potential combination of Gol and Azul, formalized through a memorandum of understanding last week, would grant the new entity significant control over Brazil's domestic market.
US car wash operator Spotless Brands explores sale. ( Reuters)
The owners of Spotless Brands are considering a sale that could value the US car wash operator at approximately $3bn, including debt.
The company has engaged investment bank William Blair to oversee the sales process.
Portugal's EDP confident of its US plans despite Trump wind review. ( Reuters)
EDP’s CEO expressed confidence that the company’s existing US onshore wind projects will remain unaffected by President Trump’s recent wind power decisions. However, Portugal’s largest utility will reevaluate its future business plans and growth projections in the coming months.
On January 20, Trump suspended new federal offshore wind leasing to allow for an environmental and economic review. Analysts now suggest that the likelihood of any new US developments in this area is negligible for the time being.
Venture Global LNG set to lower price range on blockbuster IPO. ( Reuters)
Venture Global LNG is planning to revise its proposed initial public offering by lowering the price range and increasing the number of shares offered to investors.
Under the updated plan, the company aims to raise a comparable amount from the IPO, but the reduced price range will require it to sell additional shares to meet its fundraising target.
EMEA
Greystar, an international real estate developer and manager, completed the acquisition of Spanish assets from Bain Capital, a global investment firm, according to press releases. Financial terms were not disclosed.
Greystar was advised by Eastdil Secured, Ernst & Young, Jones Day (led by Javier Muñoz Méndez) and CBRE Group. Bain Capital was advised by Eastdil Secured and Cuatrecasas Goncalves Pereira. Debt financing is provided by Apollo Global Management, according to Mergerlinks data and press releases.
Buyers Edge Platform, a software and analytics company, completed the acquisition of MM&C, a supply management company specializing in luxury hotels and restaurants in Switzerland, according to press releases. Financial terms were not disclosed.
Buyers Edge Platform was advised by INK inc PR (led by Ryan Gerding), according to press releases.
Elm, a provider of innovative secure services & solutions to both public and private sectors in Saudi Arabia, agreed to acquire Thiqah, a firm specializing in smart technology solutions for business services, from PIF, a private equity firm, for $907m, according to press releases.
Thiqah is advised by JP Morgan, according to Mergerlinks data and press releases.
Volpi Capital, a pan-European B2B technology investor, completed the investment in Bluestar, an SaaS provider, according to press releases. Financial terms were not disclosed.
Bluestar was advised by ATRIUM Partners, according to Mergerlinks data and press releases.
Cadence Design Systems, an American multinational technology and computational software company, agreed to acquire Secure-IC, a France-based group specialized in cybersecurity solutions, according to press releases. Financial terms were not disclosed.
Bankers pitch up to €1bn debt for buyout of Karo Healthcare sale. (Bloomberg)
Banks are offering around €1bn ($1.05bn) in debt packages to support a potential buyout of Karo Healthcare.
EQT, the private equity firm that owns the Swedish consumer-health company, is collaborating with Jefferies Financial Group and Morgan Stanley on a potential sale. The proposed €1bn ($1.05bn) in debt financing represents approximately five times Karo's €200m ($208m) in earnings.
APAC
EnQuest, an energy transition company, agreed to acquire the business in Vietnam from Harbour Energy, an oil and gas company, for $84m, according to press releases.
EnQuest is advised by Teneo (led by Martin Robinson), according to press releases.
Quick commerce company Zepto plans to expand its initial public offering size to between $800m and $1bn, up from the initial target of $450m.
The company projects gross sales of $5.5bn in the last quarter of FY26 and expects to achieve positive EBITDA. Additionally, Zepto has received approval to relocate its base from Singapore to India ahead of the IPO anticipated this year.
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