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AMERICAS
Sanofi, an R&D driven, AI-powered biopharma company, agreed to acquire Dynavax, a vaccines company with a marketed adult hepatitis B vaccine, for $2.2bn, according to press releases.
Dynavax is advised by Centerview Partners, Goldman Sachs, Cooley, and Sullivan & Cromwell (led by Stephen Kotran). Sanofi is advised by JP Morgan, according to press releases.
Crown Brands Group, a brand management firm, completed the acquisition of Hanky Panky, an intimate apparel brand, according to press releases. Financial terms were not disclosed.
Hanky Panky was advised by Consensus and Perkins Coie. Crown Brands Group was advised by Wedbush Securities, Morrison Cohen and Sills Cummis & Gross, according to press releases, according to press releases and MergerLinks data.
Glenfarne, a developer, owner, and operator of energy infrastructure assets, completed the acquisition of a portfolio of solar and battery energy storage system assets in Chile from METLEN, an industrial and energy company, for $865m, according to press releases.
Glenfarne was advised by Paul Hastings. METLEN was advised by Astris Finance, Larrain y Asociados and Milbank, according to press releases.
Coforge, an Indian multinational information technology company, agreed to acquire Encora, a global digital engineering company, from Advent and Warburg Pincus, two private equity investors, for $2.35bn, according to press releases.
Encora is advised by Khaitan & Co. Coforge is advised by BDA Partners and JSA Advocates & Solicitors, according to press releases.
ClickUp, an all-in-one productivity and project management platform, completed the acquisition of Codegen, a platform for AI-powered code generation and agentic AI, according to press releases. Financial terms were not disclosed.
Savencia Fromage & Dairy, a French food company, agreed to acquire Quatá Alimentos, a cheese and dairy products manufacturer, according to press releases. Financial terms were not disclosed.
Ares Management CEO sets sights on private equity for the firm’s next growth move. ( FT)
Private credit powerhouse Ares Management is considering acquiring a major private equity firm to strengthen its leveraged buyout operations and compete with larger players, CEO Michael Arougheti.
Arougheti explained that the move could position Ares to capitalize on growing interest from US retirement plans in private assets, giving the firm the scale needed to rival industry giants like Blackstone, KKR, and Apollo Global Management.
Google-backed fleet tracking firm Motive files publicly for IPO. ( Bloomberg)
Motive Technologies has publicly filed for an initial public offering, revealing rising revenue alongside continued net losses.
The AI-powered fleet management software company, backed by investors including Alphabet’s Google Ventures and Kleiner Perkins, reported a net loss of $138m on $327m in revenue for the nine months ending September 30. This compares with a net loss of $114m on $269m in revenue over the same period last year.
EMEA
VSP Vision, a provider of eye health services, completed the acquisition of Marcolin, an Italian eyewear manufacturer, from PAI Partners, a private equity firm, according to press releases. Financial terms were not disclosed.
LCM Partners, an European alternative investment fund manager, agreed to acquire the consumer vehicle finance business from Secure Trust Bank, a specialist lender, for £459m ($620m), according to press releases.
Shimadzu, an industrial and testing equipment manufacturer, agreed to acquire Tescan Group, a manufacturer of scanning electron microscopes, from Carlyle, a global investment firm, for $678m, according to press releases.
Shimadzu is advised by Mitsubishi UFJ Morgan Stanley Securities and Clifford Chance, according to MergerLinks data.
Mubadala, the Abu Dhabi sovereign investor, completed a €300m ($354m) investment in Actis-backed Rezolv Energy, an independent renewable energy platform, according to press releases.
Actis was advised by Simpson Thacher & Bartlett (led by Jiaying Zhang), according to MergerLinks data.
CVC-backed FutureLife Group, a European provider of IVF, fertility treatments and related genetic services, and Ethmar International, a progressive investment holding company, agreed to form a joint venture, according to press releases. Financial terms were not disclosed.
FutureLife is advised by White & Case (led by Steven Worthington), according to MergerLinks data.
Semantix AI, a Brazilian data and artificial intelligence company, agreed to acquire the South American operations of Atos, a French multinational information technology service and consulting company, according to press releases. Financial terms are not disclosed.
Accenture, a multinational professional services company, agreed to acquire Cabel Industry, a company specializing in core banking and banking-as-a-service solutions, from Fibonacci Group, according to press releases. Financial terms are not disclosed.
CB&I, a designer and builder of storage facilities, tanks, and terminals, agreed to acquire Petrofac Asset Solutions business, a provider of operations, maintenance and decommissioning services, from Petrofac, a energy services company, according to press releases. Financial terms are not disclosed.
Casa Tarradellas, a manufacturer and producer of food products, completed the acquisition of the remaining 40% stake in Herta Foods, a brand of pre-cooked Frankfurters, from Nestlé, a food and drink processing conglomerate, according to press releases. Financial terms were not disclosed.
SYNERGIE, a global human resources management company, agreed to acquire a majority stake in House of Flexwork Group, a Swiss staffing agency, according to press releases. Financial terms are not disclosed.
Barclays and NatWest advance in £2.5bn auction for Evelyn Partners. ( Sky News)
Barclays and NatWest Group have progressed to the second round of the auction for Evelyn Partners, the wealth management firm overseeing nearly £64bn ($86bn) in assets. Royal Bank of Canada is also said to be considering a bid, alongside several private equity firms, while Lloyds Banking Group previously explored an offer but it is unclear whether it remains in the process.
The sale is expected to value Evelyn at around £2.5bn ($3.4bn). For Barclays and NatWest, acquiring Evelyn would strengthen a core part of their operations where both already have a significant footprint, with NatWest’s exposure primarily through its Coutts division.
UK pension funds consider buying stake in £4.5bn holiday parks operator Center Parcs. ( Sky News)
Several of the UK’s largest public sector pension schemes are in discussions to acquire a stake in Center Parcs as its Canadian owner moves to complete a recapitalisation of the holiday parks operator.
The Greater Manchester Pension Fund (GMPF), London-based Local Pension Partnership (LPPI), and the Edinburgh-based Lothian Pension Scheme are among those in talks to purchase between 15% and 20% of the business.
West China Cement moves to acquire South Africa’s AfriSam. ( Bloomberg)
West China Cement is aiming to acquire South Africa’s AfriSam South Africa Proprietary, representing the latest move by Chinese cement companies to expand in Africa.
ERG takeover attempt disrupted by Kazakh businessman. ( FT)
A relatively unknown Kazakh businessman has launched a bid to acquire a 40% stake in international mining firm Eurasian Resources Group, challenging CEO Shukhrat Ibragimov, who made a similar offer earlier this year.
The competing proposals—from 35-year-old Shakhmurat Mutalip and 39-year-old Ibragimov, the son of one of ERG’s late oligarch founders—add a new chapter to the saga of the former FTSE 100 company, previously known as ENRC.
Hg-backed Visma is said to have added 11 banks to its planned software IPO. ( Bloomberg)
Visma has expanded the group of banks involved in its planned initial public offering, a move that underscores what could become one of Europe’s largest listings of the decade. The Norwegian technology company, which had already appointed Goldman Sachs, Morgan Stanley, and UBS as lead advisers, has now selected at least 11 additional banks to participate in the IPO.
The unusually large banking syndicate reflects both the scale and complexity of the proposed transaction, which is expected to raise several billion euros.
Informa begins search for successor to chairman John Rishton. ( Sky News)
Informa, the FTSE 100 events and data group, has begun working with headhunters to identify a successor to John Rishton, who has served as chairman since 2021. The company, which has a market capitalisation of around £11.3bn ($15.2bn), has appointed Russell Reynolds Associates to lead the search.
Rishton, a former chief executive of Rolls-Royce Group, joined Informa’s board in 2016 and is expected to step down in 2027, by which time he will have served nearly 11 years as a director.
APAC
Indosat Ooredoo Hutchison, a telecommunications company, Arsari Group, a diversified industrial holding company, and Northstar Group, a financial services company, agreed to form a joint venture to create an independent fiber infrastructure platform in Indonesia, according to press releases. Financial terms are not disclosed.
IOH is advised by Citigroup. Northstar Group is advised by Goldman Sachs, according to press releases.
Blackrock-backed Global Infrastructure Partners, an infrastructure investor, agreed to acquire a 40% stake in Aboitiz InfraCapital, the infrastructure arm, from Aboitiz Equity Ventures, a Philippine holding company, for $233m, according to press releases.
Aboitiz InfraCapital is advised by Morgan Stanley, according to MergerLinks data.
Bharti Enterprises, an Indian multinational conglomerate, and Warburg Pincus, a US private equity firm, agreed to acquire a 49% stake in Haier India, a home appliances company, according to press releases. Financial terms are not disclosed.
Haier is advised by Citigroup, according to press releases.
Amova AM, a Japanese multinational investment company, agreed to acquire an additional 77.7% stake in AHAM Capital, an asset management firm, from CVC, a private equity and investment advisory firm, according to press releases. Financial terms were not disclosed.
Amova is advised by UBS, according to MergerLinks data.
PAG, an Asia-based alternative investment firm, and KKR, a global investment firm, agreed to acquire Sapporo Real Estate from Sapporo, an alcoholic and non-alcoholic beverages producer, according to press releases. Financial terms were not disclosed.
Eneos leads race for Chevron’s stake in Singapore oil refinery. ( Bloomberg)
Japan’s Eneos is reportedly leading the race to acquire US oil giant Chevron’s stake in a Singapore refinery.
Other contenders for the 50% share in Singapore Refining Company include commodity firms Glencore and Vitol Group. While the deal appears to be approaching a conclusion, the timeline remains uncertain and could still face delays.
BlackRock-backed ports deal faces uncertainty as Cosco seeks majority control. ( FT)
A $23bn BlackRock-backed deal to acquire multiple global ports, including strategic assets in the Panama Canal, is at risk after China’s state-owned shipping company Cosco demanded a majority stake.
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