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AMERICAS

Concrete Partners Holding goes public via SPAC merger with Haymaker Acquisition Corp IV.

Concrete Partners Holding, a ready-mix concrete logistics and distribution platform, went public via SPAC merger with Haymaker Acquisition Corp IV, a publicly traded special purpose acquisition company, according to press releases. Financial terms were not disclosed.

Concrete Partners Holding was advised by Jefferies & Company, Robert W Baird, Haynes and Boone and Dennard Lascar (led by Ken Dennard and Rick Black). Jefferies & Company and Robert W Baird were advised by White & Case. Haymaker Acquisition Corp IV was advsied by William Blair & Co, DLA Piper and Ellenoff Grossman & Schole, according to press releases.

Ares Management to merge with Whitestone REIT in a $1.7bn transaction.

Ares Management, a global alternative investment manager, agreed to merge with Whitestone REIT, a community-centered real estate investment trust, in a $1.7bn transaction, according to press releases.

Whitestone REIT is advised by Bank of America, Jones Lang LaSalle Securities and Bass Berry & Sims. Ares Management is advised by Citigroup, Morgan Stanley and Kirkland & Ellis, according to press releases.

Infra Pipes completes the acquisition of HDPE Business of Atkore.

Infra Pipes, a North American manufacturer of medium- and high-density polyethylene pipeline solutions, completed the acquisition of HDPE Business of Atkore, a company that manufactures and supplies electrical raceway, conduit, cable management and protective systems for construction, utilities, industrial and OEM customers, according to press releases. Financial terms were not disclosed.

Infra Pipes was advised by Alvarez & Marsal, Moelis & Co and FTI Consulting (led by Rachel Chesley). Atkore was advsied by Debevoise & Plimpton (led by John Love and Jillian Mulroy) and Joele Frank (led by Sharon Stern and Arielle Rothstein), according to press releases and MergerLinks data.

Graham Partners completes the acquisition of Midwest Products & Engineering from BPOC.

Graham Partners, a private equity firm, completed the acquisition of Midwest Products & Engineering, a unified commercialization platform for MedTech OEMs, from BPOC, a Chicago-based private equity firm focused exclusively on middle-market, according to press releases. Financial terms were not disclosed.

Midwest Products & Engineering was advised by Robert W Baird and Kirkland & Ellis. Graham Partners was advised by Houlihan Lokey. BPOC was advised by Profile Advisors (led by Mike Geller), according to press releases.

Avista completes the acquisition of Bentec Medical from Greyrock Capital and Hermitage Equity Partners.

Avista, a private equity firm, completed the acquisition of Bentec Medical, a manufacturer of complex silicone components for medical device OEM customers, from Greyrock Capital and Hermitage Equity Partners, a private equity firms, according to press releases. Financial terms were not disclosed.

Bentec Medical was advised by Piper Sandler and McGuireWoods. Avista was advised by Willkie Farr & Gallagher and Kekst CNC (led by Daniel Yunger), according to press releases.

Catalyst Bancorp to merge with Lakeside Bancshares in a $41.1m transaction.

Catalyst Bancorp, a company that offers a wide range of financial products and services, agreed to merge with Lakeside Bancshares, a company that offers retail and commercial banking services, in $41.1m transaction, according to press releases.

Lakeside Bancshares is advised by Sheshunoff & Co and Fenimore Kay Harrison & Ford. Catalyst Bancorp is advised by Brean Capital and Jones Walker, according to press releases.

Garda Therapeutics to acquire Assertio for $125.1m.

Garda Therapeutics, a pharmaceutical company dedicated to optimizing mid‑sized specialty therapeutic assets, to acquire Assertio, a pharmaceutical company, for $125.1m, according to press releases.

Assertio is advised by Moelis & Co, Gibson Dunn & Crutcher and Longacre Square Partners, according to press releases.

Cosette Pharmaceuticals completes the acquisition of non-Rolvedon assets of Assertio for $35m.

Cosette Pharmaceuticals, a fully integrated pharmaceutical company, completed the acquisition of non-Rolvedon assets of Assertio, a pharmaceutical company, for $35m, according to press releases.

Assertio is advised by Moelis & Co, Gibson Dunn & Crutcher and Longacre Square Partners, according to press releases.

PPC-backed CH Guenther completes the acquisition of Les Aliments Mejicano.

PPC-backed CH Guenther, a global food manufacturer and bakery supplier, completed the acquisition of Les Aliments Mejicano, a producer of flour tortillas, according to press releases. Financial terms were not disclosed.

PPC was advised by H/Advisors Abernathy (led by Dana Gorman), according to press releases.

DAS Health completes the acquisition of Prime Care Technologies from Prime Holdings.

DAS Health, a full-service strategic technology partner for ambulatory healthcare and senior living organizations nationwide, completed the acquisition of Prime Care Technologies, a provider of integrated business intelligence and technology solutions to senior care operators, from Prime Holdings, a holding company, according to press releases. Financial terms were not disclosed.

DAS Health was advised by Outsourced Marketing Solutions (led by Stephanie Farrell), according to press releases.

Ambient Enterprises completed the acquisition of Integ Systems.

Ambient Enterprises, a national group of HVAC design and implementation specialists, completed the acquisition of Integ Systems, a provider of designs, supplies, and services integrated power protection and mechanical support systems, according to press releases. Financial terms were not disclosed.

Integ Systems was advised by Osage Advisors (led by Keith Dee), according to press releases.

Lean Solutions Group to acquire Lead2Revenue.

Lean Solutions Group, a talent and technology company specialising in human intelligence, AI, and sales solutions, to acquire Lead2Revenue, a professional services firm, according to press releases. Financial terms were not disclosed.

Lean Solutions Group is advised by Pitzer Relations (led by Randolph Pitzer), according to press releases.

Corient completes the acquisition of Vivaldi Capital Management.

Corient, a wealth management firm, completed the acquisition of Vivaldi Capital Management, a privately owned wealth management firm. Financial terms were not disclosed, according to press releases.

Corient was advised by StreetCred PR (led by Jimmy Moock), according to press releases.

Windward completes the acquisition of Prominent Edge.

Windward, a maritime AI company powering decision support for governments and enterprises worldwide, completed the acquisition of Prominent Edge, a US defense technology company, according to press releases. Financial terms were not disclosed.

Windward was advised by Headline Media, according to press releases.

Atreides Management led a $400m Series G round in SiFive.

Atreides Management, a Boston-based investment management firm, led a $400m Series G round in SiFive, a semiconductor industry company, with participation from Apollo Global Management, NVIDIA, Point72 Turion,T. Rowe Price Investment Management, Prosperity7 Ventures and Sutter Hill Ventures, according to press releases.

CoreWeave, Meta strike another $21bn deal for AI computing. (Bloomberg)

CoreWeave has signed a $21bn agreement to supply AI computing capacity to Meta through 2032, expanding its relationship with the social media company as it ramps up efforts to develop advanced AI models.

The deal will see CoreWeave provide cloud capacity from multiple data centers powered in part by Nvidia’s Rubin systems, building on a prior $14.2bn agreement that runs through 2031.

General Atlantic to buy Team Services for $3bn. (Bloomberg)

General Atlantic has completed the acquisition of home-care provider Team Services Holding in a deal valued at about $3bn, including debt.

The company agreed to acquire the business from Alpine Investors earlier in 2026, with the transaction closing last week at a valuation of roughly 10 times earnings before interest, taxes, depreciation, and amortization.

BTG deal to buy Digimais gets insurance fund support. (Bloomberg)

Banco BTG Pactual’s proposed acquisition of Banco Digimais, a Brazilian lender in need of capital, is receiving support from the country’s deposit insurance fund, FGC. Digimais holds about BRL9.1bn ($1.8bn) in demand and time deposits that could require coverage in the event of liquidation.

The FGC is also considering extending maturities on the bank’s debt to the fund as part of the process. Discussions are ongoing and may not result in a finalized transaction.

US Lithium developer to list on Nasdaq in a $573m SPAC deal. (Bloomberg)

US Elemental, a lithium developer backed by Australia’s Jindalee Lithium, is planning to go public on Nasdaq through a merger with Constellation Acquisition Corp I in a deal valuing the company at about $573m.

The transaction, expected in the second half of 2026, will support funding for a lithium project in Oregon.

Anthropic completes a tender offer, with employees holding onto the shares. (Bloomberg)

Anthropic employees have completed a secondary share sale to investors following a tender offer launched earlier in 2026.

The transaction was conducted at the same valuation as the company’s most recent fundraising in February, which valued the AI firm at about $350bn, excluding $30bn in capital raised. Demand from investors exceeded the limited number of shares available for sale.

Novo-backed respiratory drugmaker Avalyn Pharma files for the US IPO. (Bloomberg)

Avalyn Pharma, a biopharmaceutical company developing inhaled treatments for respiratory diseases, has filed for a US initial public offering.

The Boston-based company is focused on therapies for pulmonary fibrosis, a condition with a median survival rate of three to five years, according to its filing with the US Securities and Exchange Commission.

Marsh's Mercer raises $3.8bn for private investments. (Bloomberg)

Mercer, the investment arm of Marsh & McLennan, has raised just over $3.8bn for its latest private markets fund.

Mercer Private Investment Partners VIII attracted commitments from institutional investors, including wealth managers, endowments, insurers and pension funds. The fund will invest across private equity, private debt, infrastructure, and real estate.

Pentagon's ouster of Anthropic opens doors for small AI rivals. (Reuters)

Defense-focused artificial intelligence startups are seeing a surge in interest from military officials and investors following a breakdown in the US Department of Defense’s relationship with Anthropic.

Smaller companies such as Smack Technologies and EdgeRunner AI have reported increased outreach, including potential contract discussions and investor inquiries, as the Pentagon looks to diversify its pool of AI providers.

EMEA

STRABAG UK to acquire Van Elle for £58.8m.

STRABAG UK, a wholly owned indirect subsidiary of STRABAG, a globally operating technology and construction company, to acquire Van Elle, the largest ground engineering contractor, offering end-to-end capabilities across construction sectors, for £58.8m ($78.92m), according to press releases.

STRABAG UK is advised by Teneo (led by Dom Young and Craig Lukins) and DWF Law. Van Elle is advised by Peel Hunt (led by Ed Allsopp), Eversheds Sutherland and Walbrook PR (led by Tom Cooper), according to press releases.

Apax Digital Funds completes the $60m investment in MillTech.

Apax Digital Funds, a private equity growth expansion fund, completed the $60m investment in MillTech, a risk management platform, according to press releases.

Apax Digital Funds was advised by Simpson Thacher & Bartlett (led by Christopher Vallance and James Howe), according to press releases.

Drahi said to shortlist bidders for €8bn XpFibre sale. (Bloomberg)

Telecom tycoon Patrick Drahi has shortlisted bidders for a controlling stake in French fiber-optic company XpFibre.

Investment firms DigitalBridge and KKR have advanced to the next round of the process, alongside Brookfield Asset Management and Vauban Infrastructure Partners. Discussions are ongoing and may not result in a finalized transaction.

Austria’s Raiffeisen offers to buy smaller peer Addiko for $524m. (WSJ)

Raiffeisen Bank International is planning a takeover bid for smaller peer Addiko Bank, valuing the lender at about €449.5m ($524.2m) as it seeks to expand its presence in Central and Southeastern Europe.

The Vienna-based group is offering €23.05 ($26.8) per share in cash, representing a premium to the bank’s assessed intrinsic equity value.

Nordic Capital explores the sale of a bakery chain Ole & Steen. (Bloomberg)

Nordic Capital is exploring a sale of Danish bakery chain Ole & Steen that could be valued at several hundred million euros.

The Stockholm-based buyout firm has invited banks to pitch for advisory roles on the potential divestment. Discussions are ongoing and may not result in a finalized transaction.

Galp Energia buys a wind portfolio in Spain in a €320m deal. (Bloomberg)

Galp Energia has agreed to acquire an onshore wind portfolio in Spain from Helia Funds in a deal valued at about €320m ($373m), as the company accelerates efforts to expand its clean energy portfolio beyond solar.

The transaction, which includes 17 wind farms, will increase Galp’s total installed renewable capacity to around 2GW. Helia Funds is backed by Plenium Partners and Bankinter Investment.

UniCredit helps Commerzbank's Polish unit with an SRT deal. (Bloomberg)

mBank, a Polish subsidiary of Commerzbank, is working with UniCredit on a significant risk transfer tied to a portfolio of commercial real estate loans.

The potential transaction could involve about €1.2bn ($1.4bn) of assets. Discussions are at an early stage, and details, including size and timing, may change.

Italy’s Serie A soccer league sounds out private equity for stake in overseas media unit. (Reuters)

Italy’s Serie A soccer league has approached private equity investors about a potential minority stake sale in its international media rights business.

The league, which includes clubs such as Inter Milan, AC Milan, and Juventus, previously appointed JPMorgan to explore strategic options for a unit holding those rights. Discussions are ongoing and may not result in a finalized transaction.

APAC

Canva completes the acquisition of Simtheory and Ortto.

Canva, a graphic design platform, completed the acquisition of Simtheory, an AI collaboration and agent management platform, and Ortto, a customer data and marketing automation company, according to press releases. Financial terms were not disclosed.

Goldman-backed Go taxi app to plan Japan IPO in 2026. (Bloomberg)

Go, Japan’s largest taxi-hailing provider, is planning an initial public offering that could raise between JPY50bn ($321m) and JPY80bn ($514m).

The company is working with Bank of America, Goldman Sachs, and Nomura on the potential listing. Discussions are ongoing and may not result in a finalized transaction.

Malaysian tycoon Syed Mokhtar to mull property company IPO. (Bloomberg)

Walker Corp. and Malaysian tycoon Syed Mokhtar Al-Bukhary are considering an initial public offering of their joint venture, WM Senibong, that could raise up to MYR500m ($125m).

The property developer, which focuses on projects including luxury homes in Malaysia’s Johor state, is working with financial advisers on the plan and may seek a valuation of more than MYR2bn ($502m) in a Kuala Lumpur listing for 2027. Discussions are ongoing and may not result in a finalized transaction.

TPG to pick advisers for Asia OneHealthcare sale or IPO. (Bloomberg)

TPG has appointed Malayan Banking and UBS to evaluate strategic options for Asia OneHealthcare, including a potential sale or initial public offering.

Additional advisers could be added if the firm proceeds with a listing. Discussions are ongoing and may not result in a finalized transaction.

Seven & i delays US unit IPO, stating that revamp will take longer. (Bloomberg)

Seven & i Holdings will delay the planned initial public offering of its US convenience-store business, citing the need for more time to improve performance and navigate uncertain market conditions.

The retailer now aims to strengthen the unit and maximize its valuation ahead of a listing within the current fiscal year ending February 2027. The IPO had previously been targeted for the final months of 2026.

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