CC Capital and OneIM completes the acquisition of Insignia Financial for $2.5bn.

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AMERICAS

Little River Partners-backed Ameribrands completes the acquisition of Construction and Hospitality Services.

Little River Partners-backed Ameribrands, a US-based services-focused company, completed the acquisition of Construction and Hospitality Services, a provider of construction and operational support services, according to press releases. Financial terms were not disclosed.

Construction and Hospitality Services was advised by TREP Advisors and Gordon & Thalwitzer. Ameribrands was advised by UHY, Flint Connolly & Walker and Fletcher Public Relations (led by Meredith Fletcher). Debt financing was provided by SouthState Bank, according to press releases.

Arlington Capital Partners completes the acquisition of Enercon from Oaktree Capital Management.

Arlington Capital Partners, a private equity firm, completed the acquisition of Enercon, a multi-disciplinary engineering and environmental services firm, from Oaktree Capital Management, a global asset management firm. As part of the transaction, Enercon merged with Arlington portfolio company Pond & Company, according to press releases. Financial terms were not disclosed.

Arlington Capital Partners and Pond & Company were advised by Houlihan Lokey, Gibson Dunn & Crutcher and Prosek Partners (led by Ryan Fitzgibbon). Enercon and Oaktree Capital Management were advised by Harris Williams & Co and Kirkland & Ellis, according to press releases.

Verdant Solutions completes the acquisition of CSAT Solutions from Insight Equity.

Verdant Solutions, a privately held investment and operating entity, completed the acquisition of CSAT Solutions, a global electronics repair and supply chain management company, from Insight Equity, a private equity firm, according to press releases. Financial terms were not disclosed.

CSAT Solutions was advised by BDA Partners, Moelis & Co, Raymond James and Hunton Andrews Kurth. Verdant Solutions was advised by Sullivan & Cromwell (led by Ching-Yang Lin and Rita-Anne O’Neill), according to press releases and MergerLinks data.

Fitch Group to acquire Trepp from RCHL for $1bn.

Fitch Group, a global provider of financial information services, agreed to acquire Trepp, a provider of data, analytics and technology for commercial real estate, structured finance and banking, from RCHL, the parent company of Daily Mail and General Trust, for $1bn, according to press releases.

Fitch Group is advised by Vested. RCHL is advised by Centerview Partners, Goldman Sachs and Baker McKenzie, according to press releases.

OppFi to acquire BNC National Bank for $130m.

OppFi, a Chicago-based fintech company, agreed to acquire BNC National Bank, a community-focused commercial bank, for $130m, according to press releases.

OppFi is advised by Moelis & Co and Sidley Austin. BNC National Bank is advised by Piper Sandler and Fredrikson & Byron, according to press releases.

Exeter Street Capital Partners-backed Persona Triangle completes the acquisition of Sheer Service and certain assets of EVO Door & Window.

Exeter Street Capital Partners-backed Persona Triangle, a national provider of commercial signage, lighting and facility services, completed the acquisition of Sheer Service, a national provider of facility maintenance, and certain assets of EVO Door & Window, a nationwide commercial door and window solutions provider, according to press releases. Financial terms were not disclosed.

Exeter Street Capital Partners and Persona Triangle were advised by Three Sixty Seven Advisors and McGuireWoods. Debt financing was provided by Truist Bank and IBC Funds, according to press releases.

DAZN to acquire ViewLift.

DAZN, a London-based global sports streaming service, agreed to acquire ViewLift, a digital media and OTT solutions provider, according to press releases. Financial terms were not disclosed.

DAZN is advised by Citigroup. ViewLift is advised by Rockefeller Capital Management and FGS Global, according to press releases.

Falfurrias completes the investment in Young American Food Brands.

Falfurrias, a private equity firm, completed the investment in Young American Food Brands, a family-founded meat processing company, according to press releases. Financial terms were not disclosed.

Falfurrias was advised by K&L Gates. Young American Food Brands was advised by Jefferies & Company and DarrowEverett, according to press releases.

Kleiner Perkins led a $160m Series D funding round in Rogo.

Kleiner Perkins, a venture capital firm, led a $160m Series D funding round in Rogo, a New York-based financial technology company, with participation from Sequoia, Thrive Capital, Khosla Ventures, JP Morgan Growth Equity Partners, BoxGroup, Mantis VC, Jack Altman, Evantic and Positive Sum, according to press releases.

Goldman Sachs Alternatives and Bain Capital Ventures led a $150m Series D round in Hightouch.

Private equity firms Goldman Sachs Alternatives and Bain Capital Ventures led a $150m Series D round in Hightouch, a data and AI marketing platform company, with participation from Iconiq Capital, Sapphire Ventures, Amplify Partners, Y-Combinator, and The Trade Desk, according to press releases.

Apollo, Blackstone, and KKR vie for Shell stake in LNG Canada. (Reuters)

Apollo Global Management, Blackstone, and KKR are competing to acquire a significant stake in the LNG Canada project from Shell, as part of an auction process run by the seller.

The deal is expected to be valued at more than $10bn and could reach as much as $15bn. Discussions are ongoing and may not result in a finalized transaction.

SoftBank Group plans to create and list AI vehicle Roze in the US. (Bloomberg)

SoftBank Group is planning to establish and list a US-based AI and robotics company called Roze, in a move that could further expand founder Masayoshi Son’s bets on artificial intelligence.

The firm aims to float the business as soon as this year, though the timing could slip to 2027. The planned vehicle could be valued at around $100bn, and SoftBank shares were volatile in Tokyo following the report.

Top US apartment owners discuss real estate megamerger. (Bloomberg)

AvalonBay Communities and Equity Residential are considering a potential combination that could reshape the US apartment market.

The two major apartment developers have held exploratory talks over what could become one of the largest real estate deals on record. Discussions are ongoing and may not result in a finalized transaction.

SpaceX investor 137 raises $700m ahead of Musk-led IPO. (Bloomberg)

137 Ventures, a repeat investor in SpaceX, has raised $700m across two new funds to support startups over longer investment horizons.

The capital will be split between a primary investment and tender fund, and a separate vehicle for founders and employees of portfolio companies.

Novo-backed drugmaker Avalyn raises $300m in an upsized IPO. (Bloomberg)

Avalyn Pharma has raised $300m in a US initial public offering after pricing its shares at the top of the marketed range.

The Boston-based company sold 16.7m shares at $18 each, compared with an initial range of $16 to $18 per share.

Apollo-owned auto supplier Tenneco to prepare for an IPO. (Bloomberg)

Tenneco is laying the groundwork for a US initial public offering that could value the company at around $14bn, as it explores strategic options following its acquisition by Apollo Global Management four years ago.

The company has begun early preparations with regulators and banks for a potential listing later this year and is working on a prospectus, though no filing has yet been made. Discussions are ongoing and may not result in a finalized transaction.

Warren Buffett has stepped aside. Berkshire is now Greg Abel's show. (Reuters)

Berkshire Hathaway shareholders traveling to Omaha, Nebraska, for the company’s annual shareholder weekend will find much that remains familiar, including discount shopping, a 5K run, and tens of thousands of investors gathering.

The event is widely regarded as the largest shareholder meeting in corporate America.

EMEA

Holmarcom Group to acquire a 67% stake in BMCI from BNP Paribas.

Holmarcom Group, a financial services company, agreed to acquire a 67% stake in BMCI, a bank in Morocco, from BNP Paribas, a financial services company, according to press releases. Financial terms were not disclosed.

BNP Paribas is advised by Rothschild & Co. Holmarcom Group is advised by JP Morgan, according to MergerLinks data.

Lazard to acquire Campbell Lutyens for $575m.

Lazard, a global financial advisory firm, agreed to acquire Campbell Lutyens, a private capital advisory firm, for $575m, according to press releases.

Lazard is advised by Sullivan & Cromwell (led by Ben Perry, Keith A. Pagnani and Stephen M. Salley), according to MergerLinks data.

Goldman Sachs Alternatives led a $150m in Series E funding round in Aidoc.

Goldman Sachs Alternatives, through its Growth Equity platform, led a $150m in Series E funding round in Aidoc, an Israeli technology company, with participation from General Catalyst, SoftBank Investment Advisers and NVentures, according to press releases.

Aidoc was advised by Headline Media (led by Sarah Schloss), according to press releases.

Centerbridge Partners to lead a £550m funding round in Ebury.

Centerbridge Partners, a global alternative investment firm, agreed to lead a £550m ($742m) funding round in Ebury, a global financial technology company, with participation from Santander, Vitruvian Partners and 83North. Santander will invest £50m ($67m) and retain a 55% majority stake in Ebury, according to press releases.

MoonPay completes the acquisition of Sodot.

MoonPay, a fintech company specializing in crypto payments infrastructure, completed the acquisition of Sodot, an Israel-based provider of institutional crypto trading infrastructure, according to press releases. Financial terms were not disclosed.

Pirelli completes the acquisition of a 30% stake in Univrses.

Pirelli, an automotive tyre manufacturer, completed the acquisition of a 30% stake in Univrses, a Swedish AI company, according to press releases. Financial terms were not disclosed.

KKR explores $10bn sale of spreads unit Floral design. (Reuters)

KKR is exploring a sale of Flora Food Group, the spreads business it carved out of Unilever in 2017, at a valuation of around $10bn.

The firm is working with advisers on a potential transaction that could attract interest from other private equity investors. Discussions are ongoing and may not result in a finalized deal.

Erste is ready for a bolt-on M&A deals after €7bn Poland entry. (Bloomberg)

Erste Group Bank is considering bolt-on acquisitions across its markets as it integrates its largest-ever deal in Poland.

The lender recently completed the €7bn ($8.2bn) purchase of a 49% stake in its Polish unit from Banco Santander and has begun rebranding the business. The bank said it is generating sufficient profit to pursue additional transactions while integration efforts continue.

Ireland's DCC rejects $6.66bn takeover bid, shares fall. (Reuters)

DCC has rejected a £4.95bn ($6.66bn) takeover proposal from a consortium comprising KKR and Energy Capital Partners, saying the offer undervalued the company.

The cash bid of £58 ($78) per share represented an 8% premium to DCC’s closing price before the announcement. Shares in DCC fell as much as 6.4% following the rejection.

Investindustrial raises €1.5bn for a lower mid-market fund. (Bloomberg)

Investindustrial has raised €1.5bn ($1.75bn) for its latest lower mid-market private equity fund, exceeding its initial €1.25bn ($1.46bn) target after a four-month fundraising process.

The vehicle, Investindustrial Lower Mid-Market IV, is larger than its predecessor fund, raised in 2023, and will focus on investments in southern European businesses.

EU eases merger rules to compete with US and Chinese giants. (Bloomberg)

The European Commission has announced plans to overhaul its merger rules, aiming to make it easier for European companies to scale and compete with US and Chinese rivals.

In its first major update to EU M&A policy in two decades, the bloc said the global geopolitical and trade environment has shifted, with industrial scale and global competitiveness becoming increasingly important.

APAC

SEBI approves Emirates NBD's acquisition of $3bn stake in RBL Bank. (Reuters)

Emirates NBD has received approval from India’s securities regulator SEBI for a change of control in RBL Bank, marking a key milestone in its proposed $3bn acquisition of a majority stake. The Dubai-based lender had announced plans in October 2025 to acquire around 60% of RBL Bank, according to press releases.

The deal has already secured clearance from the Reserve Bank of India, allowing Emirates NBD to acquire up to 74% of RBL’s share capital, subject to maintaining a minimum 51% stake, while capping voting rights at 26%. India’s competition regulator had also approved the transaction earlier in January.

RBL Bank is advised by AZB & Partners (led by Vaidhyanadhan Iyer and Jeet Chaudhuri). Emirates NBD is advised by Ernst & Young, JP Morgan, NeoStrat Advisors and Shardul Amarchand Mangaldas & Co, according to press releases and MergerLinks data.

TPG completes the acquisition of a majority stake in ESR Yokohama Sachiura Distribution Centres 1 and 2 from ESR.

TPG, a private equity firm, completed the acquisition of a majority stake in distribution warehouses Yokohama Sachiura Distribution Centres 1 and 2, from ESR, a real estate services and investment company, according to press releases. Financial terms were not disclosed.

TPG was advised by Brunswick Group. ESR was advised by Citigate Dewe Rogerson, according to press releases.

A. O. Smith’s China business attracts investor interest. (Bloomberg)

A. O. Smith’s China business has attracted interest from potential investors, including private equity firms, as the company reviews its operations in the country.

CPE and PAG are among the possible bidders considering paying a few hundred million dollars for a majority stake, alongside Hisense Group Holdings. Discussions are ongoing and may not result in a finalized transaction.

Brookfield's Altius said to plan $630m India IPO. (Bloomberg)

Brookfield Asset Management is preparing to file draft papers as early as May for an initial public offering of Altius Telecom Infrastructure Trust that could raise up to INR60bn ($630m).

The telecom tower operator is working with advisers, including JM Financial, Axis Bank, Kotak Mahindra Capital, Citigroup, Jefferies, and NovaaOne Capital, on the proposed listing. The company is also considering a pre-IPO funding round of up to INR30bn ($316m), and discussions are ongoing.

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