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AMERICAS

Genstar Capital to acquire Oncourse Home Solutions from Apax Partners.

Genstar Capital, an American private equity firm, agreed to acquire Oncourse Home Solutions, a national provider of home infrastructure warranties, from Apax Partners, a private equity firm, according to press releases. Financial terms were not disclosed.

Genstar Capital is advised by Evercore, Ropes & Gray and FGS Global. Oncourse Home Solutions and Apax Partners are advised by Goldman Sachs, Jefferies & Company and Simpson Thacher & Bartlett. Oncourse Home Solutions is also advised by Red Thread PR (led by Nicole Gainer), according to press releases.

Continental Resources to acquire FireBird Energy II from Quantum Capital Group.

Continental Resources, an independent energy company, agreed to acquire FireBird Energy II, an upstream oil and gas company, from Quantum Capital Group, a private equity firm, according to press releases. Financial terms were not disclosed.

FireBird Energy II is advised by Jefferies & Company, RBC Capital Markets and Akin Gump Strauss Hauer & Feld. Continental Resources is advised by Vinson & Elkins. Quantum Capital Group is advised by Joele Frank (led by Kate Thompson, Erik Carlson and Kate Kelley), according to press releases.

Turnspire Capital Partners completes the acquisition of Hulcher Services.

Turnspire Capital Partners, a private investment firm, completed the acquisition of Hulcher Services, a North American provider of mission-critical rail infrastructure, maintenance and field services, according to press releases. Financial terms were not disclosed.

Turnspire Capital Partners was advised by BMO Capital Markets, Winston Taylor and Gasthalter & Co (led by Mark Semer). Hulcher Services was advised by Intrepid Investment Bankers, according to press releases.

PSG completes an investment in XBE.

PSG, a growth equity firm, completed an investment in XBE, the system of action and superworkforce for heavy materials, logistics and construction. Banneker Partners remains an existing investor in the company, according to press releases. Financial terms were not disclosed.

XBE and Banneker Partners were advised by Piper Sandler and Orrick Herrington & Sutcliffe. PSG was advised by RBC Capital Markets and Weil Gotshal and Manges (led by Richard Frye), according to press releases and MergerLinks data.

osapiens to acquire the Nasdaq Metrio platform from Nasdaq.

osapiens, a Germany-based enterprise software company, agreed to acquire the Nasdaq Metrio platform, an end-to-end sustainability and carbon accounting software platform, from Nasdaq, a US-based financial technology and market infrastructure company, according to press releases. Financial terms were not disclosed.

osapiens is advised by Hogan Lovells Cadwalader. Nasdaq is advised by Evercore and Skadden Arps Slate Meagher & Flom (led by Thaddeus Hartmann), according to press releases and MergerLinks data.

Mitsubishi Electric to acquire PCI Energy Solutions for $1.4bn.

Mitsubishi Electric, a Japanese multinational electronics and electrical equipment manufacturing company, agreed to acquire PCI Energy Solutions, an enterprise software provider of energy management and optimization platforms, for $1.4bn, according to press releases.

PCI Energy Solutions is advised by Jones Day (led by William Zawrotny and Carol Starnes), according to MergerLinks data.

StoneX Group completes the acquisition of Advanced Marketing Group.

StoneX Group, a financial services organization, completed the acquisition of Advanced Marketing Group, a merchandiser of ingredients for feed, pet food ingredients, and organic fertilizer, according to press releases. Financial terms were not disclosed.

Advanced Marketing Group was advised by ACT Capital Advisors (led by Stephen Spencer and Ron Huff), according to press releases.

Essity to acquire Brazil feminine care business of Kenvue for $284m.

Essity, a global hygiene and health company, agreed to acquire Brazil feminine care business of Kenvue, a pure-play consumer health company, for $284m, according to press releases.

Vesterra Capital Partners completes the acquisition of Charleston Grounds Management and Clear Lakes and Wetland Services.

Vesterra Capital Partners, a middle-market private investment firm, completed the acquisition of Charleston Grounds Management, a commercial landscape maintenance and outdoor service provider, and Clear Lakes and Wetland Services, a full-service lake and pond management company, according to press releases. Financial terms were not disclosed.

GHK Capital-Backed WSB completes the acquisition of Civil Infrastructure Associates.

GHK Capital-Backed WSB, a consulting firm specializing in engineering, community planning, environmental and construction services, completed the acquisition of Civil Infrastructure Associates, a consulting engineering and surveying firm offering funding assistance, planning, design and construction administration services, according to press releases. Financial terms were not disclosed.

Harold Hamm launches a multibillion-dollar plan to drill Argentine shale. (FT)

US oil magnate Harold Hamm is partnering with Swiss trading house Mercuria to lead a multibillion-dollar drilling campaign in Argentina’s Vaca Muerta shale basin.

Hamm’s Continental Resources is acquiring a 50% stake in Phoenix Global Resources, a company controlled by Mercuria. The companies did not disclose the transaction value but plan to invest about $4bn over five years, with Phoenix targeting a fourfold increase in oil production to 100k barrels per day by 2031.

SpaceX attempted to acquire Al coding startup Cognition. (Bloomberg)

SpaceX approached artificial intelligence coding startup Cognition about a potential acquisition, as the rocket company seeks to expand its position in the AI sector.

Cognition did not engage with the takeover approach, while the companies remain in discussions about a potential partnership that could include Cognition using SpaceX’s computing capacity. No agreement has been reached, and the discussions could still end without a deal.

Competition Bureau seeks to block Nortera’s proposed acquisition of B&G’s Green Giant and Le Sieur Canadian vegetable business. (Press Release)

Canada’s Competition Bureau has asked the Competition Tribunal to block Nortera Foods’ proposed acquisition of B&G Foods Canada’s Green Giant and Le Sieur brands, citing concerns that the transaction could lead to higher prices, fewer choices and reduced competition in the wholesale grocery market.

The bureau also asked the tribunal to prevent the companies from completing the deal until a decision is issued. Nortera sells canned and frozen vegetables under brands including Del Monte and Arctic Gardens.

SDC Capital to consider $1bn Singapore REIT IPO. (Bloomberg)

US digital infrastructure firm SDC Capital Partners is planning a real estate investment trust listing in Singapore that could raise about $1bn.

SDC is working with advisers on the potential initial public offering, which could take place as soon as in 2027. Discussions are ongoing, and the timing and structure of the offering have yet to be finalized.

Jefferies targets €1bn for private credit secondaries fund. (Bloomberg)

Jefferies Credit Partners is seeking to raise around €1bn ($1.16bn) from investors active in the secondary private credit market.

The fund will acquire loans from its existing portfolio and provide fresh capital for new lending. Discussions are ongoing, and the final size of the fund has yet to be determined.

Al startup Temporal is in talks for a valuation of at least $12bn. (Bloomberg)

Temporal Technologies is in talks to raise about $500m in a new funding round at a pre-money valuation of at least $12bn.

The AI startup develops an open-source orchestration platform designed to help prevent failures in complex software. The funding round is still under discussion and has not been finalized, with terms and the size of the raise subject to change.

AI proptech startup EliseAI is in talks to raise a new round of funding at a $3.7bn valuation. (Business Insider)

New York-based property and housing management company EliseAI is in talks to raise $300m in new funding at a valuation of about $3.7bn.

Andreessen Horowitz and Bessemer Venture Partners are in discussions to lead the round. The deal is still being finalized, and terms including the valuation and funding size could change.

Broadwing Capital closes oversubscribed inaugural fund at $440m. (Press Release)

Dallas-based private equity firm Broadwing Capital Management has raised $440m in total commitments for the final close of its debut fund, targeting lower middle-market manufacturing and services investments.

The firm’s general partner and affiliates also made significant additional commitments to a parallel fund that will invest alongside Fund I on a pro rata basis.

Morgan Stanley to hire Barclays tech dealmaker Tim Luke. (Bloomberg)

Morgan Stanley is hiring technology dealmaker Tim Luke from Barclays.

Luke will join as a vice chairman in the technology investment banking group, where he will focus on semiconductors and hardware.

EMEA

Motorola Solutions completes the acquisition of D-Fend Solutions for $1.5bn.

Motorola Solutions, a data communications and telecommunications equipment provider, completed the acquisition of D-Fend Solutions, a technology company providing counter‑drone and anti‑UAS solutions, for $1.5bn, according to press releases.

D-Fend Solutions was advised by Jefferies & Company. Motorola Solutions was advised by Bank of America and Centerview Partners. Bank of America was advised by Cleary Gottlieb, according to press releases and MergerLinks data.

THL Partners to acquire a majority stake in Queue-it from GRO Capital.

THL Partners, an American private equity firm, agreed to acquire a majority stake in Queue-it, a global provider of online traffic orchestration solutions, from GRO Capital, a private equity firm, according to press releases. Financial terms were not disclosed.

THL Partners is advised by Freshfields, Plesner and Edelman (led by Elise Buchanan and Grace Sutherland). Queue-it is advised by Houlihan Lokey and Bech-Bruun, according to press releases.

Hg Capital to invest in Nourish Care.

Hg Capital, a private equity firm, agreed to invest in Nourish Care, a provider of software for the UK social and community care sector, according to press releases. Financial terms were not disclosed.

Hg Capital is advised by Houlihan Lokey and Skadden Arps Slate Meagher & Flom. Nourish Care is advised by Arma Partners and Shoosmiths, according to press releases.

Hapag-Lloyd to acquire a 25% stake in APM Terminals Maasvlakte II from APM Terminals.

Hapag-Lloyd, a major German global liner shipping company, agreed to acquire a 25% stake in APM Terminals Maasvlakte II, an advanced, fully automated container terminal located in the Port of Rotterdam, from APM Terminals, a major global port and container terminal operating company, according to press releases. Financial terms were not disclosed.

Hapag-Lloyd is advised by Gleiss Lutz (led by Stefan Widder and Jan Philipp Mohr) and NautaDutilh, according to MergerLinks data.

WSP Global sticks with Arcadis takeover plan. (Reuters)

Canada’s WSP Global has reconfirmed its intention to acquire Dutch consulting and engineering group Arcadis after the target rejected two previous bids valued at up to €5.4bn ($6.3bn).

WSP has not disclosed a new offer price but plans to prepare an offer memorandum and submit it to the Dutch financial watchdog for review and approval by October 15. Discussions remain ongoing and the final terms of any offer have yet to be determined.

Strategic Value Partners considers the sale of APCOA Parking. (Bloomberg)

Strategic Value Partners is considering a sale of APCOA Parking that could value the parking operator at €2bn ($2.3bn) to €2.5bn ($2.9bn).

The private equity firm has hired JPMorgan Chase and Morgan Stanley to advise on the potential disposal, which could take place as soon as early 2027. Discussions are ongoing, and no final decision has been made.

Danone’s $1.2bn Huel deal gets UK competition clearance. (WSJ)

The UK’s antitrust watchdog has cleared Danone’s proposed $1.2bn acquisition of Huel after an initial review of the deal.

The Competition and Markets Authority said the transaction would not be referred for a more in-depth Phase 2 investigation, concluding that the deal was not expected to substantially lessen competition based on the information currently available.

Freenet nears deal to buy out minority Waipu.TV investors. (Bloomberg)

Freenet is nearing a deal to buy out minority investors in its television streaming platform Waipu.TV after abandoning plans to list the business.

The German telecom group could announce the transaction as soon as the coming days. Waipu.TV is operated by Exaring, which is majority-owned by Freenet. Discussions remain ongoing, and no final decision has been made.

China hits out at EU probe into JD.com bid for German retailer. (FT)

China has criticized the European Union’s investigation into JD.com’s proposed acquisition of German electronics retailer Ceconomy, calling it undue extraterritorial jurisdiction.

China’s Justice Ministry has barred organizations and individuals from assisting with the probe, as trade tensions between Beijing and Brussels persist. The ministry warned that China could take further action if the EU continues the investigation.

Thales selling bonds to help fund deal for sea-drone maker Exail. (Bloomberg)

French defense company Thales is set to launch a €1bn ($1.2bn) dual-tranche bond offering to help fund its acquisition of maritime robotics firm Exail Technologies.

The Paris-based company is expected to split the offering equally between four-year and eight-year tranches, with initial price guidance of around 75 to 80 basis points over mid-swaps for the shorter-dated notes and 95 to 100 basis points for the longer tranche.

Copper firm KME to pick banks for Unit's German IPO. (Bloomberg)

KME Group has selected banks to arrange a Frankfurt listing of Cunova, which could value the copper-nickel producer at up to €1bn ($1.2bn).

Berenberg and UniCredit have been appointed to manage the potential initial public offering. The listing could take place in 2026 or in 2027, with discussions ongoing.

Al chip startup Fractile seeks $6.5bn value after Anthropic deal. (Bloomberg)

Fractile, a startup developing chips tailored for artificial intelligence applications and supplying Anthropic, is in advanced talks to raise funds at a pre-money valuation of $6.5bn, more than six times its valuation in May.

The company expects to raise about $600m in the round, including some investment at a lower valuation. Terms remain under negotiation and may change before the transaction is finalized.

APAC

CapitaLand and IOI are close to buying Singapore $1.9bn office towers. (Bloomberg)

CapitaLand Investment and Malaysian developer IOI Properties Group are nearing a deal to acquire One Raffles Place, an iconic office development in Singapore’s commercial center, in a transaction that could value the property at just under SGD2.4bn ($1.9bn).

The Temasek-backed Singapore property asset manager and IOI Properties are looking to form a joint venture to complete the acquisition. Terms are still being finalized and may not result in a completed transaction.

SkyCity Entertainment starts strategic review of Adelaide casino. (Bloomberg)

SkyCity Entertainment Group will begin a strategic review of its Adelaide casino after resolving years of regulatory scrutiny over governance and compliance with anti-money laundering and counter-terrorism financing laws.

The Auckland-based company said the review follows a period of significant regulatory and operational change. The company did not provide further details on the review or potential outcomes.

Gold miner Evolution is open to more North America and Australia deals. (Bloomberg)

Evolution Mining will consider acquisitions in Australia and North America and has not ruled out buying assets from Northern Star Resources if they come to market.

The company is evaluating further deals after acquiring a copper and gold project near its Ernest Henry mine in Queensland. Evolution is continuing to assess opportunities across both regions.

Shein delays IPO to September 1st. (Reuters)

Shein is targeting a Hong Kong initial public offering launch on August 24, with a listing planned for September 1.

The timing is slightly later than the company’s previous target of August 28. The listing could be pushed back by a few days, with the final timing still subject to change.

NSE to plan allowing trading its shares on own platform. (Bloomberg)

National Stock Exchange of India may allow its shares to trade on its own platform after listing on rival BSE, a move that could shift trading volumes and pave the way for the stock’s inclusion in NSE benchmark indexes.

The possibility was discussed with global investors during recent road shows for NSE’s proposed initial public offering. Under the plan, NSE shares could trade in the “permitted to trade” category despite formally listing on BSE. Details remain under discussion and may change.

Singapore's KCP raises $725m anchored by sovereign fund. (Bloomberg)

Singapore-based Kembangan Capital Partners has raised $725m, anchored by a sovereign wealth fund investor, for private equity and venture capital investments across Asia.

Of the amount raised in the first close, $500m will be allocated to fund-of-funds investments, while the remaining $225m will target direct and co-investments in companies. The firm declined to comment.

Asian school chain founder seeks $300m for PE buyout fund. (Bloomberg)

Newly launched private equity firm Academic Capital Partners is seeking up to $300m for its debut fund to acquire school assets across Asia and the Middle East, targeting growing demand for quality education among affluent families.

Singapore-based Academic Capital Partners is led by Atul Temurnikar, founder of Global Schools Group, and Vishal Thapliyal, a former partner at PricewaterhouseCoopers. Its ACP Education Opportunities Fund targets a 5% distribution yield, while the general partner plans to commit 5% of the fund’s capital.

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