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AMERICAS
Fusion Capital, a private equity firm, completed the acquisition of Relevant Industrial, a provider of industrial equipment and engineered solutions, from LKCM, an investment management services provider, according to press releases. Financial terms were not disclosed.
Relevant Industrial was advised by Jefferies & Company and Foley & Lardner. Fusion Capital was advised by Jefferies & Company, Solomon Partners, Kirkland & Ellis and Profile Advisors (led by Mike Geller), according to press releases.
TransDigm, a global designer, producer and supplier of highly engineered aircraft components, agreed to acquire Servotronics, a manufacturer of servo controls and other components for various commercial and government applications, for $110m, according to press releases.
Servotronics is advised by Houlihan Lokey and Bond Schoeneck & King. Financial advisor is advised by Sullivan & Cromwell (led by Stephen M. Kotran). TransDigm is advised by BakerHostetler , according to press releases.
Private equity firms Kingswood Capital Management and Performance Investment Partners, completed the acquisition of The Vitamin Shoppe, a company focused on retailing nutritional products, from Franchise Group, a holding company that acquires and manages mainly franchise companies, according to press releases. Financial terms were not disclosed.
Kingswood Capital Management was advised by Jefferies & Company, McDermott Will & Emery and Sidley Austin. Franchise Group was advised by Ducera Partners and Kirkland & Ellis, according to press releases.
World Insurance Associates, a provider of personal and business insurance solutions, completed the acquisition of Owens Insurance Agency, an insurace company, and Stokes Farnham Insurance Agency, a company providing a wide range of insurance products and services, according to press releases. Financial terms were not disclosed.
World Insurance Associates was advised by Sica Fletcher and Giordano Halleran & Ciesla. Owens Insurance Agency was advised by Nelson Mullins Riley & Scarboroug and FrontRidge Advisors, according to press releases.
Vibrint, a defense technology company, completed the acquisition of Ampsight, a provider of multi-cloud engineering, cybersecurity, and artificial intelligence solutions for federal agencies, according to press releases. Financial terms were not disclosed.
Vibrint was advised by The McLean Group. Ampsight was advised by Robert W Baird and Messner Media (led by Kristina messner). Debt financing was provided by Robert W Baird, according to press releases.
Ares Management, a private equity firm, completed the acquisition of Landscape Workshop, a full-service grounds maintenance provider, according to press releases. Financial terms were not disclosed.
Landscape Workshop was advised by Piper Sandler and K&L Gates. Ares Management was advised by Kirkland & Ellis, according to press releases.
Authentic Brands Group, a brand management company, agreed to acquire Dockers, a clothing brand, from Levi Strauss, apparels manufacturer and distributor, for $311m, according to press releases.
Levi Strauss is advised by Bank of America and Cleary Gottlieb Steen & Hamilton, according to press releases.
Codelco, a Chilean state-owned copper mining company, and Rio Tinto, a metals and mining corporation, agreed to form a joint venture, according to press releases.
Codelco is advised by Rothschild & Co, Carey y Cia and Sullivan & Cromwell, according to press releases.
Angeles Equity Partners-backed O’Hara’s Son Roofing, a commercial roofing company, completed the acquisition of Starkweather Roofing, a provider of commercial roofing services, including repair, replacement, and restoration, according to press releases. Financial terms were not disclosed.
Angeles Equity Partners was advised by Massumi + Consoli. Starkweather Roofing was advised by Strategic Business Brokers Group, according to press releases.
26North, an alternative asset management firm, and Glenn August agreed to invest in Cantor Fitzgerald, an American financial services firm, according to press releases. Financial terms were not disclosed.
Cantor Fitzgerald is advised by Wachtell Lipton Rosen & Katz. 26North and Glenn August are advised by Davis Polk & Wardwell (led by Neil Barr) , according to press releases and MergerLinks data.
Astara Capital Partners-backed Unified Service Partners, a roofing platform, completed the investment in Pro Restoration, a re-roofing contractor serving residential and commercial customers, according to press releases. Financial terms were not disclosed.
Astara Capital was advised by Robinson Bradshaw, according to press releases.
Siemens Digital Industries Software, an American computer software company, agreed to acquire Excellicon, a provider of electronic design automation software tools, according to press releases. Financial terms were not disclosed.
Ardurra, a provider of complex engineering, consulting, and design services, completed the acquisition of Cannon & Cannon, a full-service civil engineering firm, according to press releases. Financial terms were not disclosed.
Ally Waste, a valet trash and multifamily waste services provider, completed the acquisition of WasteXperts, a provider of hands-on, onsite waste management and recycling compliance services, according to press releases. Financial terms were not disclosed.
Nippon Steel to invest $4bn for new US Steel mill in $14bn package. ( Reuters)
Nippon Steel plans to invest $14bn in US Steel, including up to $4bn for a new mill, if the Trump administration approves its takeover bid.
Under details of the plan included in the document, the company will plow $11bn into US Steel's infrastructure through 2028. That includes $1bn in a green field site, which is expected to grow by $3bn over the following years and has not been previously reported.
Energy investor Five Point targets $2bn from Northwind pipelines sale. ( Reuters)
Northwind Midstream, a gas infrastructure operator in the Permian Basin, is being considered for sale by its private equity owner, Five Point Infrastructure. The deal could be valued at over $2bn, including debt.
Five Point has enlisted Piper Sandler to manage the sale process, which is still in early stages. Potential buyers include midstream companies and other private equity or infrastructure funds.
Qatar's QIA plans to double annual US investments over next decade. ( Reuters)
Qatar’s sovereign wealth fund, the Qatar Investment Authority, plans to at least double its annual investments in the US over the next decade. This move comes after QIA already committed to investing $500bn in the US economy over the next 10 years.
The announcement follows President Donald Trump's recent visit to Doha, during which Trump and Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani signed agreements reportedly worth at least $1.2tn, including a $96bn deal involving Qatar Airways.
EMEA
Renaissance Partners, an investment firm, and Aurora Growth Capital, a private equity fund, agreed to acquire Genetic, a pharma Contract Development and Manufacturing Organization, from CVC, an investment firm, and Pavese Family, according to press releases. Financial terms were not disclosed.
Renaissance Partners and Aurora Growth Capital are advised by Deloitte, Ernst & Young, BNP Paribas, JP Morgan, Mediobanca, Vitale & Co, Gatti Pavesi Bianchi Ludovici, Paul Weiss Rifkind Wharton & Garrison, Boston Consulting Group, Efeso and IQVIA. Debt financing is provided by Blackstone and CVC Credit Partners. Debt providers are advised by PedersoliGattai. Pavese Family is advised by Alma LED, according to press releases and MergerLinks data.
Signet Healthcare, a healthcare private equity firm, completed the investment in NorthX Biologics, a Nordic biopharmaceutical contract, development and manufacturing organization, according to press releases. Financial terms were not disclosed.
NorthX Biologics was advised by Setterwalls Advokatbyra. Signet Healthcare was advised by Advokatfirman Delphi and Sheppard Mullin Richter & Hampton, according to press releases.
Tikehau Capital, the global alternative asset management group, agreed to acquire EYSA Group, a provider of smart mobility solutions for urban and interurban areas, from HIG Capital, a global alternative investment firm, according to press releases. Financial terms were not disclosed.
Tikehau is advised by Agencia comma and Prosek Partners (led by Philip Walters). HIG Capital is advised by Mediobanca , according to press releases and MergerLinks data.
Brookfield, an alternative asset management company, and Lunate, an Abu Dhabi-based global alternative investment manager, agreed to form a joint venture in a $1bn deal, according to press releases.
ASP Isotopes, an advanced materials company, agreed to acquire Renergen, a South African public company producing Helium and LNG, according to press releases. Financial terms were not disclosed.
Blackstone launches Clarion sale as markets stabilise. ( Reuters)
Blackstone has initiated the sale process for Clarion Events, a company organizing global trade shows in sectors like electronics, gaming, energy, and defense, testing investor interest after a turbulent period that significantly slowed global deal activity.
Clarion, valued at roughly £2bn ($2.7bn), would represent one of the largest private equity sale opportunities post-market instability caused by US trade policy shifts.
BC Partners switches to minority stake sale in Davies Group. ( Bloomberg)
BC Partners is considering selling a minority stake in the UK-based insurance services provider Davies Group, aligning with the strategy to return liquidity to its investors.
The private equity firm is shifting focus to a partial sale after earlier negotiations to sell the entire company broke down due to disagreements over valuation.
Dementia Discovery Fund announces $269m final close of DDF-2. ( Press Release)
The Dementia Discovery Fund, a venture capital group managed by SV Health Investors and focused solely on investing in companies developing or supporting new treatments for dementia, has officially closed its second fund, DDF-2, securing $269m in commitments.
DDF-2 has already invested in four companies, consistent with its strategy of supporting groundbreaking biotech firms aiming to create transformative therapies for dementia patients while delivering strong financial returns.
APAC
Virtusa, a provider of digital business strategy, product, and platform engineering, completed the acquisition of Mav3rik, a software company, according to press releases. Financial terms were not disclosed.
Virtusa was advised by Edelman, according to press releases.
Foxconn, a Singaporean subsidiary of multinational electronics contract manufacturer, agreed to invest $1.5bn in Yuzhan Technology India, a company manufacturing electronic components and assembling Apple’s iPhones, according to press releases.
Ryan Specialty, an international specialty insurance firm, completed the acquisition of 360 Underwriting, a managing general underwriter specializing in commercial construction, according to press releases. Financial terms were not disclosed.
Blackstone, which holds a $50bn investment portfolio in India, has made a non-binding bid of $1.5bn to acquire Statkraft’s Indian division, which manages a 2-gigawatt renewable energy portfolio.
This marks Blackstone’s first potential investment in India’s renewable energy sector. The offer comes shortly after the firm concluded a $5.6bn global energy transition fund.
Japan's Seven & i eyes selling partial stake in bank unit to Itochu. ( Nikkei Asia)
Japan’s Seven & i is planning to sell a portion of its stake in Seven Bank to trading firm Itochu, aligning with strategy to concentrate on its core convenience store operations amid a takeover offer from Canada’s Alimentation Couche-Tard.
The initial talks involve transferring about a 10% stake, valued at around JPY30bn ($208m), currently held by its supermarket subsidiaries, Ito-Yokado and York Benimaru.
Temasek and Zomato-backed logistics unicorn Shiprocket is preparing to file a confidential draft for its initial public offering with India’s market regulator, SEBI.
The IPO is expected to raise between INR20bn ($234m) and INR25bn ($293m) through a mix of new equity shares and a sale of existing shares by current investors. The company has reportedly appointed Axis Capital, BofA Securities, JM Financial, and Kotak Mahindra Capital as lead managers for the IPO.
India's Leela hotels owner Schloss slashes IPO size by 30%. ( Reuters)
Schloss Bangalore, Brookfield-backed owner of the Leela luxury hotel chain, has reduced the size of its planned IPO by 30%, now aiming to raise INR35bn ($409m) instead of the originally planned INR50bn ($585m).
Schloss did not give a specific reason for the reduction, but the move aligns with a broader trend of Indian companies scaling back IPOs due to market instability.
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