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Top Highlights
Butterfield, a full-service bank and wealth manager, agreed to acquire 91.7% stake in CIBC Caribbean, a relationship bank with a longstanding history serving communities across the Caribbean, from CIBC, one of the major banks in Canada, for $1.8bn, according to press releases.
CIBC Caribbean is advised by CIBC Capital Markets, Houlihan Lokey, Mayer Brown and Finer Points Consultants. CIBC is advised by Chancery Chambers and Wachtell Lipton Rosen & Katz (led by Brandon C. Price). Butterfield is advised by Bank of America, Barclays, Carey Olsen, Lex Caribbean, Sullivan & Cromwell and H/Advisors Abernathy, according to press releases.
MasterBrand, a cabinet manufacturer, offering a wide range of cabinetry products, completed the merger with American Woodmark, a manufacturer and distributor of kitchen cabinets and vanities, in a $888m deal, according to press releases.
Fertitta Entertainment, a multinational holding company operating in the gaming, dining, hospitality, and entertainment sectors, agreed to acquire Caesars Entertainment, a diversified gaming, hospitality, and entertainment company that operates more than 50 casino-resorts, for $17.6bn, according to press releases.
Caesars Entertainment is advised by PJT Partners, Freshfields, Latham & Watkins and Skadden Arps Slate Meagher & Flom. Fertitta Entertainment is advised by Goldman Sachs, Morgan Stanley, White & Case and Dancie Perugini Ware (led by Dancie Perugini Ware), according to press releases.
AMERICAS
Snowflake boosts forecast, signs a $6bn AWS deal as enterprise AI adoption grows. ( Reuters)
Korea's Hanwha offers rockets in a bid for Canada submarine deal. ( Bloomberg)
United Airlines CEO rules out consolidation push after American rebuff. ( Reuters)
EMEA
Uber buys Aspex stake in Delivery Hero after takeover offer. ( Bloomberg)
EDF delays Edison stake sale to 2027 as Hormuz crisis drags on. ( Reuters)
AtlasEdge gets €1.2bn in loans for European data centers. ( Bloomberg)
Drone markets Quantum and Destinus seek banks for 2027 IPOs. ( Bloomberg)
EQT names Macksey and Gopalakrishnan Asia private equity co-heads. ( Bloomberg)
APAC
Stonepeak and the Lim family to weigh withdrawing Yinson bid. ( Bloomberg)
China chip giant CXMT's IPO revives memories of past market tops. ( Bloomberg)
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AMERICAS
Apollo and Alpine Investors, a private equity firms, agreed to invest in Apex Service Partners, a home services platform that partners with and supports HVAC, plumbing, and electrical service companies, according to press releases. Financial terms were not disclosed.
Apollo is advised by JP Morgan, William Blair & Co and Akin Gump Strauss Hauer & Feld. Alpine Investors and Apex Service Partners are advised by Evercore, Goldman Sachs and Kirkland & Ellis. Alpine Investors is advised by Edelman (led by Jordan Niezelski), according to press releases.
Sixth Street, a global investment firm, completed the acquisition of Park Hyatt Beaver Creek Resort & Spa of Braemar Hotels & Resorts, a publicly traded real estate investment trust, for $176m, according to press releases.
Sixth Street was advised by Eastdil Secured, Brownstein Hyatt Farber Schreck and Latham & Watkins. Braemar Hotels & Resorts was advised by CBRE Group. Debt financing was provided by Starwood Capital, according to press releases.
Frazier Healthcare Partners, a private equity investment firm, completed the acquisition of Altruix, a pharmaceutical company, from WindRose Health Investors, the New York-based healthcare private equity firm, according to press releases. Financial terms were not disclosed.
WindRose Health Investors was advised by Cantor Fitzgerald, Houlihan Lokey, Latham & Watkins and Llorente Y Cuenca (led by Joanne Lessner). Frazier Healthcare Partners was advised by Goodwin Procter, according to press releases.
Tractor Supply Company, a specialty retail chain company, completed the acquisition of VIP Petcare, a provider of preventive, non-emergency veterinary clinics, from Bansk Group-backed PetIQ, a manufacturer of health and wellness products, according to press releases. Financial terms were not disclosed.
Tractor Supply Company was advised by Centerview Partners and Sidley Austin. Bansk Group was advised by William Blair & Co, Davis Polk & Wardwell and Joele Frank (led by Woomi Yun and Erik Carlson), according to press releases.
HCA Healthcare, a for-profit operators of health care facilities, agreed to acquire The College of Health Care Professions, an allied healthcare training provider, according to press releases. Financial terms were not disclosed.
HCA Healthcare is advised by Holland & Knight and Husch Blackwell. The College of Health Care Professions is advised by Macquarie Capital and Cooley, according to press releases.
Johnson Matthey, an international speciality chemicals company, agreed to acquire Cormetech, a manufacturer of SCR catalysts and honeycomb substrates for NOx control, for $460m, according to press releases.
Johnson Matthey is advised by Evercore, Eversheds Sutherland and Kekst CNC, according to press releases and MergerLinks data.
I Squared Capital, a private equity firm, to acquire ten data centers from Cogent Communications, a multinational internet service provider, for $225m, according to press releases.
I Squared Capital is advised by TVG Consulting, Kirkland & Ellis and FTI Consulting, according to press releases.
El Car Wash, a provider of car wash and detailing services, completed the acquisition of Canton Car Wash, a provider of retail car wash and detailing services including full-service and exterior-only washes, according to press releases. Financial terms were not disclosed.
El Car Wash was advised by Wolfson Partners. Canton Car Wash was advised by Amplify Capital Group, according to press releases.
MYR Group, a provider of specialty contracting services for electric power infrastructure, agreed to acquire Valley Electric, a full-service electrical contractor that provides a wide range of electrical services, and Comet Electric, a provider of licensed electrical contracting and electrical construction services, for $328m, according to press releases.
Valley Electric is advised by Stifel, according to press releases.
Allen Media, a global media, content and technology company with production, live broadcast and digital OTT facilities, completed the acquisition of a 52% stake in BuzzFeed, the independent digital media company, for $120m, according to press releases.
Computacenter, an independent technology and services provider, agreed to acquire Government Acquisitions, an AI and IT systems integration and professional services to federal agencies, for $92m, according to press releases.
Computacenter is advised by Teneo (led by James Macey White), according to press releases.
Fresh Express, a premier subsidiary of Chiquita Holdings, a producer and distributor of fresh fruit and value-added salads, completed the acquisition of Hazel Technologies, a AgTech firm that develops post-harvest technologies and biotechnology solutions, according to press releases. Financial terms were not disclosed.
Hazel Technologies was advised by Harrison Co, according to press releases.
Juniper Landscaping, a full-service design, build, and management company that offers a range of landscaping services, completed the acquisition of Hilton Head Landscapes, a landscape services provider, according to press releases. Financial terms were not disclosed.
Juniper Landscaping was advised by Gregory FCA, according to press releases.
Privia Health, a national physician organization, agreed to invest in Neurology Group of Bergen County, an independent outpatient neurology practice, according to press releases. Financial terms were not disclosed.
Neurology Group of Bergen County is advised by Cross Keys Capital (led by Bill Britton), according to press releases.
Snowflake boosts forecast, signs a $6bn AWS deal as enterprise AI adoption grows. ( Reuters)
Snowflake raised its annual product revenue forecast after enterprises increased spending on artificial intelligence applications and shifted more data workloads to its cloud platform, sending the company’s shares sharply higher in extended trading.
The company also signed a five-year, $6bn agreement with Amazon Web Services to use AWS Graviton processors and AI infrastructure, deepening the partnership between the two companies in enterprise artificial intelligence.
Korea's Hanwha offers rockets in a bid for Canada submarine deal. ( Bloomberg)
Hanwha Aerospace is seeking to strengthen its bid for Canada’s submarine program by expanding cooperation into the space sector.
The company is set to sign a memorandum of understanding with Maritime Launch Services as Canada prepares to award a contract to build as many as 12 submarines. The agreement is expected to support broader aerospace and defense collaboration between the two countries.
United Airlines CEO rules out consolidation push after American rebuff. ( Reuters)
United Airlines does not expect to pursue consolidation in the airline sector in the near term following a rejected approach to American Airlines regarding a potential merger.
The company has indicated that only larger‑scale transactions would meet its strategic and economic criteria, with other potential acquisitions viewed as less attractive.
EMEA
Nippon Paint Group, a Japanese paint and paint products manufacturing company, and Sherwin-Williams, a manufacturer and distributor of paints, coatings, and related products, failed to acquire AkzoNobel, a global company that specializes in producing and supplying a wide range of paints, coatings, and specialty chemicals, for $14.6bn, according to press releases.
FN Browning Group, a small arms, ammunition and integrated weapon systems designer and manufacturer, agreed to acquire Accuracy International, a manufacturer of high‑precision sniper rifles and shooting systems, according to press releases. Financial terms were not disclosed.
Accuracy International is advised by Oaklins and Trethowans Solicitors. FN Browning Group is advised by PricewaterhouseCoopers, Stephens and Jones Day, according to press releases.
Fattal Hotel Group, an international hotel group, agreed to acquire PPHE Hotel Group, an operator and manager of hotel properties and hospitality brands, for $1.24bn, according to press releases.
PPHE Hotel Group is advised by Hudson Sandler (led by Wendy Baker) and Rothschild & Co (led by Alex Midgen), according to press releases.
Sopra Steria, a European-based consulting, digital services, and software development company, agreed to acquire Digital Product Simulation, a digital engineering consulting firm, according to press releases. Financial terms were not disclosed.
Sopra Steria is advised by Image Sept (Image 7) (led by Caroline Simon), according to press releases.
Uber buys Aspex stake in Delivery Hero after takeover offer. ( Bloomberg)
Uber Technologies has acquired Delivery Hero shares from Aspex Management, increasing its stake to 36.83% as it negotiates a potential acquisition of the business.
Uber raised its voting rights to 24.99%, with the remainder of the position held through financial instruments, remaining below the threshold that would trigger a mandatory takeover offer. The company paid just under €40 ($46.5) per share for the stake.
EDF delays Edison stake sale to 2027 as Hormuz crisis drags on. ( Reuters)
EDF has postponed plans to sell a stake in its Italian subsidiary Edison until 2027 as disruptions to liquefied natural gas supplies linked to the Iran conflict continue.
The French utility had been working with advisers to explore options for Edison, including the sale of a minority stake to a financial investor or a potential initial public offering, as part of efforts to raise capital for investment in its nuclear reactor fleet. Discussions remain ongoing, and plans could still change.
AtlasEdge gets €1.2bn in loans for European data centers. ( Bloomberg)
AtlasEdge, backed by Liberty Global and DigitalBridge, has secured more than €1.2bn ($1.4bn) in financing to expand artificial intelligence infrastructure across underserved regions in Europe.
The company obtained a €738m ($858.7m) loan to refinance existing debt and secured an additional €500m ($581.7m) in uncommitted financing from banks, including Goldman Sachs, ING, and UniCredit.
Drone markets Quantum and Destinus seek banks for 2027 IPOs. ( Bloomberg)
Quantum Systems and Destinus are in discussions to appoint advisers for potential initial public offerings as early as 2027.
The companies have begun receiving pitches from banks seeking roles on the proposed listings as demand for unmanned defense and aerospace technologies continues to rise. Discussions remain ongoing, and no final decisions on the IPOs have been made.
EQT names Macksey and Gopalakrishnan Asia private equity co-heads. ( Bloomberg)
EQT has appointed Nicholas Macksey and Hari Gopalakrishnan as co-heads of its Asia private equity business, positioning a new leadership team to oversee deployment of the firm’s $15.6bn regional fund.
The pair succeeds Jean Eric Salata, who became global chairman of EQT in May 2026 and will continue to chair the region’s private capital investment committees while focusing on broader strategic priorities.
APAC
Stonepeak and the Lim family to weigh withdrawing Yinson bid. ( Bloomberg)
Yinson Holdings’ founding Lim family and Stonepeak Partners are considering withdrawing plans to take the company private.
The group had been preparing an offer valued at around MYR8bn ($2bn) for the Kuala Lumpur-listed company over the past year. A final decision could be made soon, though discussions remain ongoing.
China chip giant CXMT's IPO revives memories of past market tops. ( Bloomberg)
Anticipation surrounding ChangXin Memory Technologies’ planned initial public offering is fueling both investor excitement and concerns about liquidity in China’s equity market, as traders recall previous mega-listings that absorbed significant capital.
The Hefei-based memory chipmaker received approval from the Shanghai exchange for an IPO that could raise more than $5bn, including the overallotment option. The transaction would represent mainland China’s largest listing since Cnooc’s 2022 offering.
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