Read on...
Scroll down to read deal descriptions. Your suggestions and comments support the democratisation of M&A data. If you'd like to contribute to the future editions, drop us a line.
AMERICAS
Brookfield and CPP Investments to acquire LXP Industrial Trust for $5.2bn.
Brookfield, a global alternative asset manager, and CPP Investments, a professional investment management organization, agreed to acquire LXP Industrial Trust, a US real estate investment trust that owns and leases large warehouses and distribution centers, for $5.2bn, according to press releases.
Brookfield and CPP Investments are advised by Citigroup, Morgan Stanley, Gibson Dunn & Crutcher and Thompson Hine. Citigroup and Morgan Stanley are advised by Dechert. CPP Investments is also advised by DLA Piper. LXP Industrial Trust is advised by Bank of America, JP Morgan, Hogan Lovells Cadwalader and Joele Frank (led by Andrew B. Siegel and Lucas Pers), according to press releases.
Knox Lane, a San Francisco-based middle-market investment firm, completed the acquisition of Cross Country Healthcare, a technology-driven healthcare workforce solutions company, for $437m, according to press releases.
Truelink Capital, a Los Angeles-based private equity firm, completed the acquisition of Lyons Magnus, a US-based manufacturer of specialty ingredients, beverage and nutrition solutions for the foodservice industry, from Paine Schwartz Partners, a private equity firm, according to press releases. Financial terms were not disclosed.
Truelink Capital was advised by Stifel. Paine Schwartz Partners and Lyons Magnus were advised by Evercore, William Blair & Co, Morrison Foerster and Joele Frank (led by Andrew Brimmer and Aaron Palash), according to press releases.
LKCM Headwater Investments to acquire Distribution Solutions Group.
LKCM Headwater Investments, a private equity firm, agreed to acquire Distribution Solutions Group, a specialty distribution company serving industrial and commercial end markets, according to press releases. Financial terms were not disclosed.
LKCM Headwater Investments is advised by JP Morgan and Mayer Brown. Distribution Solutions Group is advised by William Blair & Co, McDermott Will & Schulte, and Three Part Advisors (led by Steven Hooser), according to press releases.
Mavis Tire Express Services, an independent tire and vehicle service providers, agreed to acquire Pep Boys, a US automotive services company, from Icahn Enterprises, a diversified holding company, for $700m, according to press releases.
Icahn is advised by Jefferies & Company, Brown Rudnick, Bullard Law Group, Covington & Burling and C Street Advisory, according to press releases and MergerLinks data.
Vesterra Capital Partners, a private equity company, completed the acquisition of PHFM, a nationwide facilities maintenance and exterior services provider, from Lincolnshire Management-backed Powerhouse Services, a provider of nationwide facility maintenance and exterior services to multi-site business customers, according to press releases. Financial terms were not disclosed.
Vesterra Capital Partners was advised by Citizens M&A, Piper Sandler and Paul Hastings. Lincolnshire Management and Powerhouse Services were advised by Robert W Baird and Kirkland & Ellis, according to press releases.
Goldman Sachs Alternatives, the alternative investment business of Goldman Sachs, agreed to acquire AEGIS Hedging, a provider of commodity market intelligence, technology and market infrastructure, according to press releases. Financial terms were not disclosed.
Goldman Sachs Alternatives is advised by Ardea Partners and Sidley Austin. AEGIS Hedging is advised by Financial Technology Partners, Kirkland & Ellis and Winstead PC, according to press releases.
One Equity Partners, a middle market private equity firm, agreed to acquire EPIC Piping, a pipe fabrication and distribution company, and BendTec, a metal fabrication company, from Bernhard Capital, an infrastructure and services-focused private equity firm, according to press releases. Financial terms were not disclosed.
One Equity is advised by Stanton PRM (led by Thomas Zadvydas). Bernhard Capital is advised by JP Morgan, Kirkland & Ellis and Prosek Partners, according to MergerLinks data and press releases.
Apax Digital Funds, the growth equity arm of Apax Partners, agreed to invest in Inspectorio, a company specializing in AI-powered production-chain management software for global brands, retailers, and suppliers, according to press releases. Financial terms were not disclosed.
Inspectorio is advised by Harris Williams & Co and Ketner Group Communications (led by Abby Nelson). Apax Digital Funds is advised by Lincoln International and Kirkland & Ellis, according to press releases.
Brookfield, an alternative asset management company, agreed to acquire Aypa Power, a company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, from Blackstone Energy Transition Partners, an energy-focused private equity business, at $7bn valuation, according to press releases.
Blackstone Energy Transition Partners and Aypa Power are advised by Bank of America, Cantor Fitzgerald and Kirkland & Ellis. Brookfield is advised by White & Case, according to press releases.
Platinum Equity, an private equity investment firm, and Nestle, a multinational food and drink processing conglomerate corporation, agreed to form a $5.6bn joint venture, Peranel, focused on waters and premium beverages business, according to press releases.
Platinum Equity is advised by Bank of America and Latham & Watkins. Nestle is advised by Deutsche Bank and Brunswick Group, according to press releases and MergerLinks data.
Carbyne Equity Partners-backed SuanNutra, a global provider of science-backed branded and functional ingredients, agreed to acquire a portfolio of specialty natural ingredients businesses from International Flavors & Fragrances, a US-based manufacturer of specialty ingredients, flavors and fragrances for the food, beverage, personal care and consumer products industries, according to press releases. Financial terms were not disclosed.
Carbyne Equity Partners and SuanNutra are advised by Herbert Smith Freehills Kramer and Ernst & Young. International Flavors & Fragrances is advised by Alantra and DLA Piper, according to press releases.
Greenbelt Capital Management, a private equity firm, completed the acquisition of a majority stake in Bowe & Gant, a US electrical and energy infrastructure services provider, according to press releases. Financial terms were not disclosed.
Bowe & Gant was advised by William Blair & Co and Alston & Bird. Greenbelt Capital Management was advised by Weil Gotshal and Manges and Llorente Y Cuenca (LLYC), according to press releases and MergerLinks data.
Enlightenment Capital, a private investment firm, completed the investment in Quorum, a public affairs software platform, according to press releases. Financial terms were not disclosed.
Enlightenment Capital was advised by Solomon Partners and Moore & Van Allen. Quorum was advised by Raymond James and Cooley, according to press releases.
Percheron Capital-backed Big Brand, a provider of non-discretionary automotive services, agreed to acquire Belle Tire, a tire and automotive service provider, according to press releases. Financial terms were not disclosed.
Belle Tire is advised by Jefferies & Company. Big Brand is advised by Evercore. Percheron Capital is advised by Joele Frank (led by Woomi Yun), according to MergerLinks data and press releases.
Matador Resources Company, an independent US energy company, agreed to acquire Paloma Resources, a Houston-based private oil and gas company, from EnCap Investments, an private equity firm, for $1.275bn, according to press releases.
Matador Resources Company is advised by Baker Botts. Paloma Resources and EnCap Investments are advised by RBC Capital Markets and Vinson & Elkins, according to press releases.
ITE Management, an alternative asset manager, completed the acquisition of North American Chassis Pool Cooperative, a provider of premium chassis serving major intermodal markets, according to press releases. Financial terms were not disclosed.
NACPC was advised by Butler Snow. ITE Management was advised by SMG Securities and Willkie Farr & Gallagher, according to press releases and MergerLinks data.
Pelican Energy Partners, a private equity firm focused on the energy services and equipment sectors, completed the acquisition of Riggins Company, an industrial metal fabrication and specialty welding firm, according to press releases. Financial terms were not disclosed.
Pelican Energy Partners was advised by Reed Smith. Riggins Company was advised by Dickinson Williams & Company and Somertons, according to press releases.
Tinicum, a private equity firm and investment firm, completed an investment in GracoRoberts, a company specializing in the distribution, formulation, and packaging of aerospace specialty chemicals, according to press releases. Financial terms were not disclosed.
GracoRoberts was advised by Harris Williams & Co and Holland & Knight. Tinicum was advised by Goodwin, according to press releases.
Brookfield, an alternative asset management company, agreed to acquire Gregg Distributors, an industrial supply distributor offering a wide range of MRO products and related services, for CAD1.6bn, according to press releases.
Brookfield is advised by RBC Capital Markets and Davies Ward Phillips & Vineberg (led by Kevin Greenspoon and Patrick G Barry), according to press releases.
Healthpeak Properties, a major real estate investment trust, and Brookfield, a global alternative asset manager, formed a $2.1bn joint venture involving an 86-property outpatient medical portfolio. Brookfield invested approximately $1.025bn for a 49% stake in the joint venture, while Healthpeak retained a 51% controlling interest, according to press releases.
Brookfield was advised by Kirkland & Ellis and Newmark Group, according to press releases.
Viking Global-backed Machine Sciences, a manufacturing company serving aerospace, defense, and industrial markets, completed the acquisition of Kittyhawk, a provider of Hot Isostatic Pressing services for mission‑critical components, from Trive Capital, a private equity firm, according to press releases. Financial terms were not disclosed.
Kittyhawk and Trive Capital were advised by KAL Capital Markets and Willkie Farr & Gallagher, according to press releases.
Fundamental Advisors, an alternative investment manager, completed the acquisition of BlueSky Helicopters, an aerial services operator, according to press releases. Financial terms were not disclosed.
Atreides Management, a Boston-based investment firm, and Sutter Hill Ventures, a Palo Alto-based venture capital firm, led a $300m round in Sila, an advanced battery technology company, with participation from 8VC, Bessemer Venture Partners, Matrix Partners, T. Rowe Price Associates, and other existing and new investors, according to press releases.
Sila was advised by SutherlandGold, according to press releases.
TE Connectivity, a technology company that designs and manufactures connectivity and sensor products for harsh environments, agreed to acquire Astrodyne TDI, a provider of power conversion and electromagnetic interference filtering solutions for medical, semiconductor, industrial, and aerospace applications, from Tinicum, a private investment and private equity firm based in New York, for $1.4bn, according to press releases.
Situational Awareness, a San Francisco-based AI-focused investment firm, led an $830m Series A round in Fluidstack, a US-based AI infrastructure company providing large-scale AI compute and cloud infrastructure, with participation from existing and new investors, according to press releases.
Tiger Global, a New York-based investment firm, led a $180m Series B funding round in Augustus, a US-based fintech company providing US dollar banking infrastructure for international financial institutions, with participation from Hummingbird, QED, David Velez, Karim Atiyeh, Sean Neville, Alex Bouaziz, Victor Cardenas, Alan Chang, Balaji Srinivasan, Farooq Malik, Gavin Uberti, Victor Riparbelli, Alexander Rinke, Jamie Cox, Jan Oberhauser, Soma Capital, Road Capital Management, CMT Digital, Brevan Howard and Variant, according to press releases.
Saudi PIF set to win EU nod for $55bn Electronic Arts deal. ( Reuters)
The deal, announced in September last year, involves PIF alongside Jared Kushner's Affinity Partners and private equity firm Silver Lake.
Dassault Systèmes in talks to buy drug trial software maker ArisGlobal for $2bn. ( FT)
Dassault Systèmes is in talks to acquire drug trial software maker ArisGlobal from Nordic Capital for about $2bn, extending its push into life sciences software.
Cable One faces 12% yield to fund buyout after debt swap stalls. ( Bloomberg)
Cable One is seeking financing to complete the acquisition of the remaining 55% stake in Mega Broadband Investments from private equity firm GTCR, after efforts to restructure debt at the target reportedly stalled. JP Morgan is marketing a roughly $1bn loan package to fund the purchase and refinance existing Cable One debt obligations.
The financing is expected to come at a high cost, with lenders demanding yields approaching 12%, reflecting concerns over the target’s debt profile and broader pressures in the broadband sector. The transaction is being driven by a put option that gives GTCR the right to sell its remaining stake to Cable One, requiring the company to complete the buyout despite challenging financing conditions.
KKR commercial real estate lender studies potential sale or merger. ( Bloomberg)
KKR Real Estate Finance Trust is evaluating strategic alternatives that could include a merger, sale, asset disposal or changes to its business plan, as the commercial real estate lender seeks to address ongoing challenges.
The company has formed a special committee to oversee the review. No timetable has been set, and there is no assurance the process will result in a transaction or changes to its strategy.
Jersey Mike’s, backers seek up to $1.09bn in US IPO. ( SEC Filing)
Jersey Mike’s Subs and its shareholders are seeking to raise up to $1.09bn in a US IPO. The sandwich chain plans to market approximately 43.5m shares at $21 to $25 per share, joining a growing pipeline of consumer-focused listings in the US.
The offering includes around 29.7m secondary shares from existing investors, including Blackstone and the Abu Dhabi Investment Authority (ADIA). The IPO is expected to provide liquidity for current shareholders while testing investor appetite for restaurant and consumer brands amid the broader revival in equity capital markets.
Permira-backed womenswear retailer Reformation targets $1bn valuation in US IPO. ( SEC Filing)
Reformation, the women’s fashion retailer backed by Permira, is targeting a valuation of up to $1bn in its US IPO. The company and certain existing shareholders are seeking to raise up to $239.1m by offering 14.1m shares pricedbetween $15 and $17 each.
The offering will test investor appetite for consumer and fashion listings at a time when IPO activity has been dominated by AI and infrastructure companies. Permira, which acquired a majority stake in Reformation in 2019, will remain a significant shareholder following the listing. The company, known for its sustainability-focused brand and direct-to-consumer model, plans to list on the NYSE under the ticker “REF.”
Blue Owl-backed Latigo Biotherapeutics files for IPO. ( Bloomberg)
Latigo Biotherapeutics, a Blue Owl Capital-backed clinical-stage developer of non-opioid pain medicines, filed for an initial public offering, joining a growing list of biotechs considering going public this quarter.
The company has one drug candidate in late-stage trials that has shown a roughly 50% greater analgesic effect than Vicodin.
GoldenTree announces closing of oversubscribed Private Credit Fund II. ( Press Release)
GoldenTree Asset Management has closed its Private Credit Fund II at its hard cap of $2.75bn, reflecting strong demand from institutional and private investors across multiple regions.
The fund focuses on private credit investments in larger companies and has already deployed a significant portion of its committed capital across a diversified portfolio of investments spanning multiple industries.
NXT Capital raises $1.8bn so far for eighth credit fund. ( WSJ)
NXT Capital has raised $1.8bn at the initial close of its eighth direct‑lending fund, providing fresh capital for loans to middle‑market companies. The credit manager, owned by Orix USA, focuses on financing businesses with annual adjusted pre‑tax earnings of $5m to $50m.
The fund will continue NXT Capital’s strategy of providing direct loans to middle‑market borrowers, while taking a cautious approach to sectors viewed as vulnerable to technological disruption. The firm indicated it expects to make relatively few investments in software companies, citing concerns about the potential impact of artificial intelligence on parts of the sector.
EMEA
CD&R-owned OCS Group, an integrated facilities management company, agreed to acquire Mitie Group, an outsourcing and facilities management company, for £3.1bn, according to press releases.
CapVest, a mid-market private equity firm, completed the acquisition of a majority stake in TSG, a European technical services company that designs energy distribution infrastructure, from HLD, an investment company, according to press releases. Financial terms are not disclosed.
Apax Partners, a private equity firm, agreed to acquire techoraco, a digital infrastructure events platform, and Institutional Investor, a global capital introduction and intelligence platform, from Delinian, a UK portfolio company owner focused on specialist data, insights and events businesses, according to press releases. Financial terms were not disclosed.
Apax Partners is advised by Plural Strategy Group, Ernst & Young, Raymond James and Simpson Thacher & Bartlett (led by James Howe and Chris Vallance). Delinian is advised by Oliver Wyman, BrightTower (led by Sam Barthelme), Ernst & Young, Foot Anstey and Seward & Kissel, according to press releases and MergerLinks data.
CVC DIF, a mid-market infrastructure equity fund manager, and Andrea Giustini, the founder and CEO, agreed to acquire a majority stake in EcoEridania, an integrated waste management operator, from iCON, an independent investment group, according to press releases. Financial terms were not disclosed.
CVC DIF is advised by Citigroup, Jefferies & Company, Clifford Chance and H/Advisors (led by Finlay Donaldson). Andrea Giustini is advised by Lazard and Hogan Lovells Cadwalader. iCON is advised by JP Morgan and Chiomenti, according to MergerLinks data and press releases.
VERIAN, a Germany-based long-term investment holding company, completed the acquisition of coin4 Solutions, a German provider of technology-enabled receivables management services, from IK Partners, a private equity firm, according to press releases. Financial terms were not disclosed.
VERIAN was advised by Deloitte, Martius Rechtsanwälte and Ungeheuer Law. Debt financing was provided by UniCredit and BayBG, according to press releases.
Iberdrola, an energy company specialising in renewable energy, agreed to acquire an 80% stake in Caruna, a Finnish electricity distribution company providing electricity connections and related energy infrastructure solutions, from Ontario Teachers' Pension Plan Board, a Canada-based global pension fund manager, and KKR, a US-based global investment firm, for €2bn ($2.2bn), according to press releases.
Iberdrola is advised by Goldman Sachs. Goldman Sachs is advised by Sullivan & Cromwell (led by Stephen M. Kotran). Ontario Teachers' Pension Plan Board is advised by Kekst CNC (led by Neil Maitland) and Manifesto (led by Harri Kammonen), according to press releases and MergerLinks data.
Bregal Sagemount to acquire majority stake in ATOZ Services.
Bregal Sagemount, a growth-focused private capital firm, agreed to acquire majority stake in ATOZ Services, a provider of a full suite of corporate and tax compliance services, according to press releases. Financial terms were not disclosed.
Bregal Sagemount is advised by Goodwin. ATOZ Services is advised by Robert W Baird and A&O Shearman, according to press releases.
Bain Capital, a private equity firm, agreed to acquire SupplyOn, a cloud-based supply chain collaboration platform, from industrial and automotive technology groups AUMOVIO, Bosch, Schaeffler and ZF, according to press releases. Financial terms were not disclosed.
Crédit Mutuel Equity, the private equity and venture capital arm of Crédit Mutuel Alliance Fédérale, and EGS Beteiligungen, the Swiss investment arm of the Ernst Göhner Foundation, completed the acquisition of a minority stake in Netcloud, a Swiss network infrastructure and IT services provider, according to press releases. Financial terms were not disclosed.
Hg Capital, a private equity firm focusing in the software sector, completed the investment in Street Group, a developer of software solutions designed to modernize and improve the real estate industry through technology, at £200m valuation, according to press releases.
Street Group was advised by Alvarez & Marsal, according to press releases.
UK's IP Group rebuffs Railpen's revised £0.71 proposal. ( Reuters)
IP Group has rejected a revised takeover proposal from its largest shareholder, Railpen, stating that the offer significantly undervalues the company and its future prospects.
The revised proposal valued the London‑listed science and technology investment firm at about £630m ($845m), excluding a contingent payment component that could have increased the total consideration to approximately £730m ($982m).
Dutch auction site Catawiki explores options including sale. ( Reuters)
Dutch online auction platform Catawiki has hired Barclays to explore strategic options, including a potential sale, in a process that could provide an exit for existing shareholders such as Permira and Accel.
Carlyle in talks to hand ESG consulting firm over to Bridgepoint. ( Bloomberg)
Carlyle Group is in discussions to transfer ownership of sustainability consultancy Anthesis Group to private credit investor Bridgepoint Credit.
Carlyle acquired a majority stake in Anthesis in 2023 in a transaction that valued the London‑based business at approximately £400m ($538m). Bridgepoint Credit provided financing for that acquisition and is now in talks regarding a potential lender‑led ownership transition.
KKR, Vauban among final contenders to buy Portugal’s DStelecom. ( Bloomberg)
KKR and Vauban Infrastructure Partners are competing to acquire a majority stake in Portuguese fiber‑network operator DStelecom.
The bidders are among the parties shortlisted for the stake held by Cube Infrastructure Managers. DStelecom could be valued at approximately €300m ($343m) to €400m ($457m) in a potential transaction.
Attestor to take full control of Condor by September 30. ( Reuters)
Attestor plans to acquire the remaining 49% stake in German leisure airline Condor from the German government by September 30, exercising an option agreed when it acquired a 51% stake in the carrier in 2021. The deal will give the investment firm full ownership of Condor.
Attestor acquired its majority stake as part of Condor’s rescue following the collapse of Thomas Cook and the COVID-19 pandemic, investing €200m ($228m) in equity and committing a further €250m ($285m) for fleet expansion. It is also exploring adding a strategic airline partner to support the carrier’s future growth.
TG Jones owner Modella weighs tilt at Harvey Nichols. ( Sky News)
Modella Capital is considering a bid for Harvey Nichols, joining reported interest from Next and Frasers Group in the luxury department store chain. The business has been put up for sale by owner Sir Dickson Poon, with advisers seeking interest from both strategic and financial buyers.
While Modella is viewed as an outsider in the process, an acquisition would add Harvey Nichols to a portfolio that already includes TG Jones, Hobbycraft and Flying Tiger. The retailer, which operates stores across the UK, Ireland and the Middle East, has faced financial challenges in recent years, reporting £204.8m ($275.4m) in revenue and a pre-tax loss of £34m ($45.7) for the year ended March 2024.
Ardian manages $200bn in assets across multiple asset classes and geographies. Since becoming a shareholder last year, Wafra has aligned with Ardian's leadership on a range of strategic growth initiatives.
Howden plots multi-billion pound capital raise on path to IPO. ( Bloomberg)
Howden Group, the London-based insurance broker targeting an IPO by 2030, is in talks to raise several billion pounds in new private capital to maintain its rapid expansion.
The group, already backed by Hg, General Atlantic and La Caisse, is working with Morgan Stanley to bring in new external shareholders.
Francisco Partners closes $21bn across flagship and agility funds. ( Press Release)
Francisco Partners has closed $21bn in commitments across its latest flagship and middle-market technology funds, marking the largest fundraising in the firm's history. The raise includes Francisco Partners VIII and Francisco Partners Agility IV, both of which exceeded their initial targets of $14bn and $3.5bn, respectively.
The funds will continue Francisco Partners' strategy of investing in technology and technology-enabled businesses, leveraging the firm's sector-focused approach across software, cybersecurity, healthcare technology and other digital industries. The fundraising brings the firm's total capital raised to more than $75bn, and highlights continued institutional investor appetite for technology-focused private equity despite a challenging fundraising environment.
Partners Group closes fourth direct infrastructure program at over $15bn. ( Press Release)
Partners Group has held the final close of its fourth direct infrastructure programme with more than $15bn in commitments, making it substantially larger than its predecessor vehicle.
The programme will invest in energy, utilities and other infrastructure assets through a combination of a closed‑ended fund and related co‑investment structures. The strategy remains focused on mid‑market infrastructure opportunities and platform development.
APAC
Natixis-backed Mirova, a global asset management company, completed an $171m investment in Yanara, a renewable energy firm, according to press releases.
Yanara was advised by Ernst & Young. Mirova was advised by Lazard, Ashurst Perkins Coie, Loyens & Loeff, Van Doorne, White & Case, Alvarez & Marsal, H/Advisors and Steele and Holt, according to press releases and MergerLinks data.
Wonongarra, a private investment vehicle wholly owned by Australian mining billionaire Andrew Forrest, agreed to acquire a 16.8% stake in EQ Resources, a mining and resource company, from Oaktree Capital Management, a global asset management firm, for AUD189.7m ($132.4m), according to press releases.
Blackstone to invest in FUTRONIC.
Blackstone, a multinational private equity, alternative asset management, and financial services firm, agreed to invest in FUTRONIC, a manufacturer of engineered electronic and electromechanical systems for automotive, industrial, consumer, and medical applications, according to press releases. Financial terms were not disclosed.
KKR-backed Vertis is said to be frontrunner for Megha Engineering Indian roads assets. ( Bloomberg)
KKR-backed Vertis Infrastructure Trust is in advanced discussions to acquire eight road assets in the southern Indian states of Andhra Pradesh and Telangana from Megha Engineering & Infrastructures in a deal valued at about $800m, including debt.
The transaction would expand Vertis' infrastructure portfolio if completed. Discussions are ongoing, and no final agreement has been reached.
TSMC supplier LCY says KKR to exit, allowing faster growth. ( Bloomberg)
LCY Group, a supplier of specialty chemicals to TSMC and Intel, said private equity firm KKR plans to gradually exit its investment in the company, according to chairman Bowei Lee. The move would increase the influence of the founding family and provide greater flexibility for the business to pursue its next phase of growth.
LCY intends to accelerate expansion of its semiconductor materials operations, a key area of focus amid rising demand from the global chip industry. While KKR is expected to sell stakes in LCY Chemical and affiliated businesses over time, the company has not disclosed potential buyers or the timing of any transactions.
Coles ends talks with TPG Capital over Greencross acquisition. ( Reuters)
Coles Group has ended discussions with TPG Capital over a potential acquisition of Greencross Pet Wellness, sending its shares up as much as 5%.
The announcement came weeks after the Australian grocer confirmed talks were underway, a disclosure that had sent its shares down more than 4%.
FountainVest is said to consider selling logistics firm Rokin. ( Bloomberg)
FountainVest Partners is exploring a potential sale of Rokin, its Chinese logistics business.
The private equity firm has engaged advisers and begun assessing interest from prospective investors in the Shanghai‑based company. The review is at an early stage and no decision on a transaction has been made.
BlackRock, Hillhouse, Temasek said set to back Innolight listing. ( Bloomberg)
Zhongji Innolight is preparing a potential Hong Kong listing that could raise approximately $8bn, attracting interest from a group of institutional investors as cornerstone participants.
BlackRock, Hillhouse Investment and Temasek Holdings are expected to be among the cornerstone investors in the offering. Other investors planning to participate include Aspex Management, JP Morgan Asset Management, Wellington Management and Yunfeng Capital.
|
