Brigade Capital and Macellum Capital completes the acquisition of the family dollar business from Dollar Tree for $1bn.

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AMERICAS

TopBuild to acquire Progressive Roofing from Bow River Capital for $810m.

TopBuild, an installer and specialty distributor of insulation and related building material products, agreed to acquire Progressive Roofing, a commercial roofing installation services provider, from Bow River Capital, a private alternative asset management company, for $810m, according to press releases.

TopBuild is advised by RBC Capital Markets and Jones Day (led by Ben Stulberg). Bow River is advised by Citizens Bank, Guggenheim Partners and Brownstein Hyatt Farber Schreck, according to press releases.

Blackstone-backed Chamberlain Group to acquire Arrow Tru-Line from MiddleGround Capital.

Blackstone-backed Chamberlain Group, a company specialising in intelligent access and monitoring with leading brands including LiftMaster and myQ, agreed to acquire Arrow Tru-Line, an independent manufacturer and supplier of structurally critical overhead garage door hardware components, from MiddleGround Capital, an operationally focused private equity firm, according to press releases. Financial terms were not disclosed.

Chamberlain Group is advised by Wells Fargo Securities and Simpson Thacher & Bartlett (led by Erica Egenes). MiddleGround Capital is advised by Raymond James, Greenberg Traurig and Dukas Linden Public Relations (led by Doug Allen), according to press releases.

Oak Hill and Pamlico to acquire a stake in IdeaTek from TPG.

Oak Hill, and Pamlico, the private equity firms, agreed to acquire a stake in IdeaTek, a Kansas-based broadband service provider, from TPG, a private equity investment firm, according to press releases. Financial terms were not disclosed.

Oak Hill and Pamlico are advised by Houlihan Lokey, Alston & Bird and Paul Weiss Rifkind Wharton & Garrison (led by Brian C. Lavin). Oak Hill is also advised by Prosek Partners (led by Nadia Damouni and Trevor Gibbons). IdeaTek is advised by Bank Street Group and Stinson, according to press releases and MergerLinks data.

Oak Hill and Pamlico completes the investment in Socket.

Oak Hill, and Pamlico, the private equity firms, completed the investment in Socket, a Missouri-based fiber internet service provider, according to press releases. Financial terms were not disclosed.

Oak Hill and Pamlico were advised by Alston & Bird and Paul Weiss Rifkind Wharton & Garrison (led by Brian C. Lavin). Oak Hill was also advised by Prosek Partners (led by Nadia Damouni and Trevor Gibbons). Socket was advised by Houlihan Lokey and Brown Law, according to press releases and MergerLinks data.

Hg to acquire a majority stake in A-LIGN from Warburg Pincus.

Hg, a private equity firm, agreed to acquire a majority stake in A-LIGN, a provider of technology-enabled cybersecurity compliance services, from Warburg Pincus, a private equity firm, according to press releases. Financial terms were not disclosed.

A-LIGN and Warburg Pincus were advised by Guggenheim Partners, Jefferies & Company and Cleary Gottlieb Steen & Hamilton. Hg was advised by Harris Williams & Co and Latham & Watkins, according to press releases.

H2O America-backed The Texas Water Company to acquire Quadvest.

H2O America-backed TWC, a provider of reliable water and wastewater services, agreed to acquire Quadvest, a water utility company, according to press releases. Financial terms were not disclosed.

Quadvest is advised by Gregg Law and Porter Hedges. H2O America is advised by JP Morgan, Baker McKenzie (led by Leif King and Justin Bryant) and Spencer Fane, according to press releases.

GSK completes the acquisition of BP asset IX from Boston Pharmaceuticals for $2bn.

GSK, a global biopharmaceutical company focused on research and development, completed the acquisition of BP asset IX, to obtain rights to efimosfermin alfa - a liver disease drug in late-stage trials, from Boston Pharmaceuticals, a clinical-stage biopharmaceutical company focused on developing highly engineered therapies, for $2bn, according to press releases.

Boston Pharmaceuticals was advised by Centerview Partners (led by E. Eric Tokat) and Sullivan & Cromwell (led by Matthew G. Hurd). GSK was advised by Evercore (led by Simon Elliott) and Cleary Gottlieb Steen & Hamilton (led by Benet O'Reilly), according to press releases and MergerLinks data.

Business First to acquire Progressive Bancorp.

Business First, a bank holding company for b1BANK, agreed to acquire Progressive Bancorp, a bank holding company that owns Progressive Bank, according to press releases. Financial terms were not disclosed.

Progressive is advised by Mercer Capital and Munck Wilson Mandala. Business First is advised by Raymond James and Hunton Andrews Kurth, according to press releases.

Arlington Capital Partners-backed TEAM Tech completes the acquisition of Duke Empirical.

Arlington Capital Partners-backed TEAM Tech, an end-to-end outsourced manufacturer of mission-critical medical devices, completed the acquisition of Duke Empirical, a designer, developer, and manufacturer of innovative medical devices focused on advanced catheters and minimally invasive delivery systems, according to press releases. Financial terms were not disclosed.

TEAM Tech and Arlington Capital Partners were advised by Houlihan Lokey and Goodwin Procter. Arlington Capital Partners was also advised by Prosek Partners (led by Ryan Fitzgibbon), according to press releases.

Concentra Biosciences to acquire CARGO Therapeutics for $217.5m.

Concentra Biosciences, a provider of clinical and business development services, offered to acquire CARGO Therapeutics, a clinical-stage biotechnology company, for $217.5m, according to press releases.

Concentra Biosciences is advised by Gibson Dunn & Crutcher. CARGO Therapeutics is advised by TD Cowen, Latham & Watkins and New Street Investor Relations (led by Laurence Watts), according to press releases.

I Squared Capital-backed Ezee Fiber to acquire Tachus Fiber Internet.

I Squared Capital-backed Ezee Fiber, a fiber internet provider, agreed to acquire Tachus Fiber Internet, a fiber optic ISP, according to press releases. Financial terms were not disclosed.

Ezee Fiber is advised by Sidley Austin (led by Enrique Conde). I Squared Capital is advised by TVG Consulting, according to press releases and MergerLinks data.

Alcon to acquire LumiThera.

Alcon, a pharmaceutical and medical device company, agreed to acquire LumiThera, an ophthalmic medical device company, according to press releases. Financial terms were not disclosed.

Alcon is advised by Skadden Arps Slate Meagher & Flom (led by Faiz Ahmad), according to MergerLinks data.

Venezuela bondholders seek to block Gold Reserve's bid for Citgo. (Bloomberg)

A group of creditors holding defaulted Venezuelan bonds is attempting to prevent the sale of Citgo Petroleum's parent company, arguing that the deal would undermine their claims to repayment.

In a letter to a federal judge in Manhattan, the bondholders stated they are ready to swiftly seek a preliminary injunction to block a $7.4bn bid from a consortium led by Gold Reserve to acquire PDV Holding, Citgo’s parent firm, through a court-mandated auction in Delaware.

IonQ announces pricing of $1bn equity offering. (Press Release)

IonQ, a quantum computing and networking firm, has announced a $1bn equity offering. The deal includes 14m common shares and almost 4m pre-funded warrants, both priced at $55.49- about 25% above the company’s July 3 closing stock price.

IonQ President and CEO Niccolo de Masi called the recent equity deal a strong endorsement of IonQ’s technological progress, acquisitions, intellectual property, and talent base.

Aura seeks to raise $210m in US public offering. (Press Release)

Aura Minerals has announced the launch of a public offering of its common shares in the United States, as outlined in a Form F-1 registration filed with the US Securities and Exchange Commission.

The company aims to raise approximately $210m, based on its July 4 share price on the Toronto Stock Exchange and the exchange rate from the Bank of Canada. Upon completion, the shares are expected to trade on the Nasdaq Global Select Market.

Figma heats up summer IPO market amid software listing drought. (Bloomberg)

Figma's anticipated US IPO is emerging as a potential standout stock debut this summer, drawing strong interest from investors eager to support a high-growth software firm entering the public market.

The company's rare blend of strong growth and solid profitability may attract the same enthusiastic investor interest seen in recent IPOs like Circle Internet Group and CoreWeave.

Seaside Equity Partners secures over $720m for two new funds. (Press Release)

Seaside Equity Partners has closed two new funds - Fund III and Navigator I, with combined commitments exceeding $720m, marking a major step in its strategy to invest in lower middle market companies.

The capital was secured from a broad mix of investors, including pensions, endowments, insurance firms, consultants, and family offices, underscoring strong institutional confidence in Seaside’s growth-focused investment approach.

EMEA

CRC Group to acquire Atrium Underwriting from Stone Point Capital.

CRC Group, a brokerage and underwriting specialty insurance distributor, agreed to acquire Atrium Underwriting, a premier underwriting business at Lloyd’s that manages Syndicate 609 and writes specialty insurance and reinsurance across property, casualty, and specialty business groups, from Stone Point Capital, an alternative investment management firm, according to press releases. Financial terms were not disclosed.

CRC Group is advised by Insurance Advisory Partners, Norton Rose Fulbright and Simpson Thacher & Bartlett (led by Geoffrey Bailhache). Atrium is advised by Evercore and Debevoise & Plimpton (led by Edward Drew Dutton), according to press releases.

Rhône to acquire Invacare Holdings and Direct Healthcare Group.

Rhône, a middle-market private equity firm, agreed to acquire Invacare, a global manufacturer and distributor of non-acute medical equipment, and Direct Healthcare Group, a medical devices manufacturer, according to press releases. Financial terms were not disclosed.

Invacare is advised by Moelis & Co. Direct Healthcare Group is advised by Houlihan Lokey. Rhône is advised by Jefferies & Company and Brunswick Group. ARCHIMED is advised by Lanchner Communications, according to press releases.

Crédit Agricole completes the acquisition of the remaining 30.5% stake in CACEIS from Santander.

Crédit Agricole, a banking group, completed the acquisition of the remaining 30.5% stake in CACEIS, an asset servicing bank, from Santander, a financial services provider, according to press releases. Financial terms were not disclosed.

CACEIS was advised by Santander. Crédit Agricole was advised by Credit Agricole. Santander was advised by Jefferies & Company and Uria Menendez (led by Francisco San Miguel), according to press releases.

Alfa Laval completes the acquisition of Fives Cryogenics from Fives Group for €800m.

Alfa Laval, a company specializing in heat transfer, separation, and fluid handling technologies, completed the acquisition of Fives Cryogenics, a business unit focused on cryogenic heat transfer and pump technologies, from Fives Group, an industrial engineering group specializing in various sectors, for €800m ($869m), according to press releases.

Alfa Laval was advised by Jefferies & Company and White & Case (led by Frank Lupinacci), according to press releases.

DoubleDown to acquire WHOW Games for €65m.

DoubleDown, a developer and publisher of digital games on mobile and web-based platforms, agreed to acquire WHOW Games, a developer and operator of social casino games centered on the European market, for €65m ($76.3m), according to press releases.

DoubleDown is advised by JCIR (led by Joseph Jaffoni), according to press releases.

General Catalyst-backed Eudia completes the acquisition of Johnson Hana.

General Catalyst-backed Eudia, an augmented intelligence platform for Fortune 500 legal teams, completed the acquisition of Johnson Hana, an alternative legal solutions provider, according to press releases. Financial terms were not disclosed.

Eudia was advised by Piper Sandler, according to press releases.

Ipsos completes the acquisition of a healthcare division in Germany from InMoment.

Ipsos, a global market research and consulting firm, completed the acquisition of a healthcare division in Germany from InMoment, an American multinational software company providing businesses with insights from information such as comments, surveys and review data, according to press releases. Financial terms were not disclosed.

Blackstone explores potential joint bid for SFR. (Bloomberg)

Blackstone is exploring the possibility of joining forces with other bidders to acquire French telecom operator SFR, owned by Altice France. The potential sale could value the company at up to €30bn ($35bn), including debt.

The New York-based investment firm has held early talks with possible partners, including SFR's industry rivals, and is likely to participate in the deal as a co-investor to help finance the acquisition.

Historically, Blackstone has worked with Citigroup, Morgan Stanley, Simpson Thacher & Bartlett and Kirkland & Ellis, according to MergerLinks data.

Adnoc's Covestro deal faces likely in-depth EU probe. (Bloomberg)

The European Union is preparing to launch a deeper investigation into Abu Dhabi National Oil's €14.7bn ($17bn) bid to acquire Covestro, amid concerns over the influence of foreign state-backed investments.

Sources say the EU plans to initiate the probe under its Foreign Subsidies Regulation by the end of the month. Regulators worry that Adnoc’s significant government support could potentially disrupt fair competition in European markets. However, the decision is still in draft form and may be subject to revision.

Abu Dhabi sovereign fund in talks to buy $100m Revolut stake. (Sky News)

Mubadala, the UAE sovereign wealth fund, is in advanced talks to acquire a $100m stake in Revolut, the digital banking and payments firm now valued at over £33bn ($45bn).

This would add to Mubadala’s existing, smaller stake acquired in a previous secondary deal. The fund reportedly wants to further expand its holdings, signaling strong confidence in Revolut’s long-term valuation potential.

Historically, Mubadala has worked with Rothschild & Co, Citigroup, White & Case and Clifford Chance, according to MergerLinks data.

EU to warn Italy it overstepped on UniCredit's Banco BPM deal. (Bloomberg)

The European Union is preparing to reprimand the Italian government for placing strict conditions on UniCredit's planned acquisition of Banco BPM, potentially triggering a jurisdictional clash between Brussels and Rome.

According to sources, EU regulators will send a letter to Italy asserting that the government overstepped its authority, as only the European Commission has the legal right to impose conditions on mergers under EU rules. The Commission had already approved the deal last month.

Pretium walks away from UK residential deal talks for Sigma. (Bloomberg)

Pretium has reportedly withdrawn from a planned acquisition that would have marked its debut in the UK’s single-family rental housing sector.

The US-based alternative asset manager had been in talks to buy Sigma Capital Group from Oxford Properties Group and PineBridge Benson Elliot, in a deal valued at just over £1bn ($1.4bn).

Saudi FII conference organizer Richard Attias plans IPO. (Bloomberg)

Richard Attias & Associates, the company behind Saudi Arabia’s high-profile Future Investment Initiative summit, is preparing for a potential initial public offering.

Founder and Chairman Richard Attias confirmed that the events and advisory firm is collaborating with banks, including Evercore, to explore the possibility of going public, potentially as early as next year.

Next Rio Tinto boss expected to entertain big deals and cut costs. (Reuters)

Rio Tinto is expected to appoint a new CEO by late July, following the unexpected departure of current CEO Jakob Stausholm after 4.5 years.

The next leader is expected to pursue major M&A opportunities and tackle internal cost inefficiencies. The new CEO will also need to steer the company toward copper amid growing demand from the energy transition.

APAC

Stonepeak in talks to invest in Princeton. (Bloomberg)

Stonepeak, a US-based infrastructure investment firm, is currently in discussions to invest in Singapore-headquartered data center operator Princeton Digital Group.

Stonepeak is exploring a structured equity investment that could exceed $1bn. The specifics of the deal, including the total amount and structure, are still subject to change.

Historically, Stonepeak has worked with Barclays, RBC Capital Markets, Simpson Thacher & Bartlett and Sidley Austin, according to MergerLinks data.

Glencore to sell copper smelter to Philippines’ Villar family. (Bloomberg)

Glencore has reached a deal to sell its underperforming copper refinery in the Philippines amid a downturn in smelting margins, which have hit record lows.

The asset, Philippine Associated Smelting and Refining, is being sold to the Villar family, led by property tycoon Manny Villar Jr.

Singapore data centre NTT DC REIT to raise around $773m from IPO. (Reuters)

Singapore-based NTT DC REIT plans to raise approximately $773m through an IPO on the local exchange, with the listing expected on July 14. The offering includes nearly 600m units priced at $1 each.

Backed by NTT, a unit of Japan’s Nippon Telegraph and Telephone, the REIT owns six data centers across Austria, Singapore, and the US, collectively valued at $1.57bn.

Shein files for Hong Kong IPO to pressure UK to save London listing. (FT)

Shein has confidentially filed for an IPO in Hong Kong to speed up its listing process and pressure UK regulators to approve its planned London debut.

The move follows delays in securing Chinese approval for a London IPO. Despite the Hong Kong filing, London remains Shein’s preferred listing venue, if UK authorities accept a China-approved prospectus.

BNP bets Hong Kong’s IPO boom will add to wealth momentum. (Bloomberg)

BNP Paribas has reported that the surge in initial public offerings in Hong Kong is giving an additional boost to its wealth management operations in Asia, following a 20% revenue increase during the first half of the year.

A wave of Chinese firms is preparing to go public in Hong Kong this year, fueling intense activity in a market that had long been overlooked by both investors and issuers.

Shenzhen bourse nudges China firms to speed up IPO applications. (Bloomberg)

China’s Shenzhen Stock Exchange has encouraged brokers to accelerate listing applications for companies aiming to go public on the ChiNext board, as authorities work to strengthen the private sector and revitalize an economy facing pressure from increasing tariffs.

The China’s second largest exchange, has held a meeting with around a dozen investment banks last month, urging them to speed up the submission process for tech-focused IPOs.

Neo Asset's NIIOF fund closes at $268m. (DealStreetAsia)

Neo Asset Management has closed its Neo Infrastructure Income Opportunities Fund with $268m in commitments, exceeding its INR20bn ($233m) target by 15%.

Neo focuses on operational solar power projects and National Highways Authority of India road assets. So far INR12bn ($140m) has been deployed or committed across diverse road and solar portfolios.

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