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AMERICAS
Refresco, a beverage solutions provider, completed the acquisition of SunOpta, a North American supply chain solutions provider, for $829m, according to press releases.
SunOpta was advised by Lazard, Scotiabank, Davies Ward Phillips & Vineberg, Faegre Drinker Biddle & Reath, Wildeboer Dellelce, and Skadden Arps Slate Meagher & Flom (led by Daniel Luks). Refresco was advised by KKR Capital Markets, Morgan Stanley, Bennett Jones, Simpson Thacher & Bartlett (led by Breen Haire) , according to MergerLinks data and press releases.
Siegfried Holding, a pharmaceutical company, completed the acquisition of Noramco, a pharmaceutical company, from SK Capital Partners, a private investment firm, according to press releases. Financial terms were not disclosed.
ARCHIMED, an investment firm, agreed to acquire Esperion, a commercial-stage biopharmaceutical company, for $1.1bn, according to press releases.
Esperion is advised by Centerview Partners and Goodwin Procter. ARCHIMED is advised by Moelis & Co and Sidley Austin. Debt financing is provided by Pharmakon Advisors. Pharmakon Advisors is advised by Akin Gump Strauss Hauer & Feld, according to MergerLinks data and press releases.
Catchment Capital, a private equity firm, completed the investment in Vertech Industrial Systems, an innovative process automation and digital systems integrator, according to press releases. Financial terms were not disclosed.
Vertech was advised by LINK Securities and Quarles & Brady. Catchment Capital was advised by Robert W Baird, Davis Polk & Wardwell (led by William J. Chudd) and Gasthalter & Co (led by Mark Semer) , according to MergerLinks data and press releases.
KKR and Neuberger, investment firms, agreed to acquire Flow Control Group, a systems-oriented industrial solutions company, according to press releases. Financial terms are not disclosed.
Flow Control Group and KKR are advised by Solomon Partners, Kirkland & Ellis, and Debevoise. Neuberger is advised by Evercore, and Latham & Watkins (led by Stelios Saffos) , according to MergerLinks data and press releases.
Praana Group, an India-based holding group that operates a diverse portfolio of companies primarily serving the industrial sector, completed the acquisition of the glass reinforcements business of Owens Corning, a residential and commercial building products provider, for $755m, according to press releases.
Owens Corning was advised by Morgan Stanley, and Baker McKenzie. Praana Group was advised by Clayrich Advisory, UBS, and Greenberg Traurig, according to MergerLinks data and press releases.
Payward, a unified financial infrastructure platform, completed the acquisition of Bitnomial, a derivatives exchange company, for $550m, according to press releases.
Bitnomial was advised by PJT Partners, Haynes and Boone, and Katten Muchin Rosenman. Payward was advised by Jones Day, and Morrison Foerster, according to MergerLinks data and press releases.
The Marzetti, a manufacturer and marketer of specialty food products, completed the acquisition of Bachan’s, a Japanese barbecue sauce, for $400m, according to press releases.
Bachan’s was advised by Centerview Partners (led by Anish Chakravarthi) and Wachtell Lipton Rosen & Katz (led by Raaj Narayan). Marzetti was advised by Goldman Sachs and King & Spalding , according to MergerLinks data and press releases.
Integrum, Lightyear Capital and Ontario Teachers, three investors, completed the investment in Allworth Financial, an independent registered investment advisory firm, according to press releases. Financial terms were not disclosed.
Allworth Financial was advised by Houlihan Lokey, William Blair & Co and Davis Polk & Wardwell. Integrum was advised by Simpson Thacher & Bartlett (led by Michael Chao) , according to MergerLinks data and press releases.
Banner, the holding company for Banner Bank, agreed to merge with Pacific Financial, the bank holding company for Bank of the Pacific, according to press releases. Financial terms are not disclosed.
Pacific Financial is advised by Piper Sandler, and Miller Nash. Banner is advised by BofA Securities, and Ballard Spahr, according to press releases.
Belden, a cable, connectivity, and networking products specialist, agreed to acquire the RUCKUS Networks Business from Vistance Networks, a global provider of intelligent network solutions, for $1.846bn, according to press releases.
Vistance Networks is advised by Moelis & Co and Alston & Bird, according to MergerLinks data and press releases.
Boardwalk Pipelines, an oil and gas company, completed the acquisition of marketing business unit of Spire, a natural gas utility company that provides natural gas services to residential, commercial, and industrial customers, for $215m, according to press releases.
Boardwalk was advised by Barclays, and GableGotwals, according to press releases.
Titan America, a vertically-integrated producer of cement and building materials, completed the acquisition of Keystone Cement Company, a Pennsylvania-based cement manufacturer and aggregates producer, for $310m, according to press releases.
Titan America was advised by Cleary Gottlieb Steen & Hamilton, according to press releases.
EVERTEC, a full-service transaction processor and financial technology provider, completed the acquisition of Dimensa, a B2B technology provider, for $181m, according to press releases.
Dimensa was advised by Morgan Stanley, according to MergerLinks data.
Arcadia, an energy intelligence platform for businesses, agreed to acquire ENGIE Impact, the utility expense and data management, energy procurement, and sustainability advising arm of ENGIE, according to press releases. Financial terms were not disclosed.
Arcadia is advised by JP Morgan, according to MergeLinks data and press releases.
Sikich, an investment banking firm, completed the acquisition of Jefferson Wells, a professional services firm, from ManpowerGroup, a global workforce solutions company, according to press releases. Financial terms were not disclosed.
ABS, an organization that regulates marine and offshore energy, completed the acquisition of RMC, a provider of industrial cybersecurity, risk management, and resiliency solutions, according to press releases. Financial terms were not disclosed.
UWorld, a company specializing in academic and professional education, completed the acquisition of Surgent, a provider of tax education, from KnowFully Learning Group, an end-to-end professional education platform, according to press releases. Financial terms were not disclosed.
Intrax, a company specializing in international education and exchange programs, completed the acquisition of StudyPoint, a national provider of one-on-one tutoring, SAT/ACT test prep, and college admissions support, according to press releases. Financial terms were not disclosed.
Static Media, a digital media company, completed the acquisition of Engadget, a technology-driven publication specializing in technology, science, and culture, according to press releases. Financial terms were not disclosed.
Nebius, an AI cloud company, agreed to acquire Eigen AI, an inference and model optimization company, according to press releases. Financial terms are not disclosed.
Searchlight Capital Partners, a private investment firm, agreed to invest in CloserStill Media, a B2B events platform, according to press releases. Financial terms are not disclosed.
Blue Owl sold nearly half its SpaceX stake at a $1.25tn valuation. ( Reuters)
Blue Owl has sold roughly half of its SpaceX stake at a $1.25tn valuation, co‑CEO Marc Lipschultz said.
Lipschultz noted that the firm has “made about ten times our money” on the investment, adding that they’ve sold around half of their position while retaining the rest.
GOP state attorneys general join suit to stop Nexstar‑Tegna deal. ( Bloomberg)
Pennsylvania, Indiana, and Kansas signed on as new plaintiffs, bringing three Republican attorneys general into the case. They join the original coalition of eight Democratic-led states, headed by California, that filed the suit before the transaction closed in March.
Activist hedge fund makes nearly $3bn bid for Meineke’s parent company. ( WSJ)
Adam Wyden’s activist fund has proposed acquiring Driven Brands, the parent of Meineke, in a deal valued at nearly $3bn.
ADW Capital is offering $18 per share, representing about a 40% premium to the company’s recent stock price.
GameStop preparing bid for eBay. ( WSJ)
GameStop is gearing up to make a bid for eBay, according to people familiar with the situation—an aggressive move tied to CEO Ryan Cohen’s push to transform the company into a business worth more than $100bn.
The retailer, valued at about $11bn as of Friday’s close, has been quietly accumulating eBay shares ahead of a possible offer. eBay, meanwhile, is significantly larger, with a market value of roughly $45bn at the end of the week.
AI chipmaker Cerebras is reportedly aiming to raise up to $4bn in its planned IPO. ( Bloomberg)
Cerebras Systems is aiming to raise up to $4bn in its upcoming initial public offering, as investor interest in the AI chip and data‑center company continues to build.
The Sunnyvale, California firm is seeking a valuation of roughly $40bn, noting that the details aren’t yet public. Cerebras is expected to launch formal IPO marketing as early as Monday.
Seaport Therapeutics is reported to have raised $255m in its IPO. ( Bloomberg)
Seaport Therapeutics, a clinical‑stage biotech developing treatments for depression and anxiety, raised almost $255m in an expanded US IPO that priced at the top of its range.
The company sold 14.16m shares at $18 each, up from the originally planned 11.8m shares marketed at $16–$18, the filings show.
Crescent Cove Advisors closed its oversubscribed Fund IV with over $446m in commitments. ( Press Release)
Crescent Cove, a San Francisco–based investment firm focused on growth capital for technology companies, announced the final close of its fourth fund. The fund exceeded its target, securing more than $446m in commitments.
Boyne Capital has closed its oversubscribed BCM Fund III, raising more than $400m. ( Press Release)
Boyne Capital, a Miami‑based private equity firm focused on the lower middle market, announced the first and final close of its third fund, BCM Fund III. The fund hit its hard cap with $355m in commitments, surpassing its $275m target.
It closed just 90 days after launching, driven by strong interest from both returning and new investors. Including parallel vehicles and commitments from the Boyne GP group, total capital exceeds $400m with more than 10% coming from Boyne employees.
JP Morgan has brought on Chris Mihok from KBW to join its banks team. ( Bloomberg)
JP Morgan Chase has hired Chris Mihok from Keefe Bruyette & Woods as it expands its financial‑institutions coverage team.
Mihok will join in July as a managing director focused on banks. He will report to Clay Robinson and Andrew Spicehandler, who oversee coverage of North American banks.
EMEA
Genius Sports, a sports data and technology company, completed the acquisition of Legend, a global, digital sports and gaming media network, for $1.2bn, according to press releases.
DWS Group-backed Stellanor Datacenters Group, a flexible data centers built for enterprises, IT cloud service providers, institutions, and government organisations, completed the acquisition of Redcentric Data Centres, a data center business, from Redcentric, a managed service provider offering a range of IT services, including cloud and hosting, networks and connectivity, collaboration, and security, for £123m ($166m), according to press releases.
Credit Agricole Assurances, an insurer, and LCL (Le Credit Lyonnais), a French banking network, completed the acquisition of Milleis Group, an independent player in private banking and wealth management, from Anacap Financial Partners, a private equity fund, according to press releases. Financial terms are not disclosed.
Lone Star, a private equity firm, completed the acquisition of the specialty chemicals and high-performance polymers business from Radici Group, a chemicals manufacturer, for €1bn ($1.17bn), according to press releases.
Lone Star was advised by Morgan Stanley, Chiomenti (led by Carlo Croff), and Joele Frank. Radici Group was advised by Mediobanca, and PedersoliGattai , according to MergerLinks data and press releases.
WisdomTree, a financial innovator offering a diverse suite of exchange-traded products, completed the acquisition of Atlantic House, a derivatives‑focused investment manager, for £150m ($203m), according to press releases.
Atlantic House was advised by Piper Sandler, DAC Beachcroft, and Ogilvy & Wachtel. WisdomTree was advised by Goodwin Procter, and Excellera Advisory Group, according to MergerLinks data and press releases.
Inspirit Capital, a London-based private equity firm, completed the acquisition of Kaplan Languages Group, a global educational travel platform, from Kaplan, an international educational services company that provides educational and training services, according to press releases. Financial terms were not disclosed.
Inspirit Capital was advised by AJ Gallagher, Evology, Houlihan Lokey, Mayer Brown, and Interpath, according to press releases.
York Space Systems, a national defense and commercial prime, agreed to acquire ALL.SPACE, a provider of advanced satellite communications terminals and multi-network connectivity solutions, according to press releases. Financial terms were not disclosed.
ALL.SPACE is advised by Barclays. York is advised by Jefferies & Company and Sheppard Mullin Richter & Hampton, according to MergerLinks data and press releases.
O2 Slovakia, a telecommunication company, completed the acquisition of UPC Slovakia, a provider of TV, broadband, and telephony services, from Liberty Global, a multinational telecommunications company, for €95m ($111m), according to press releases.
O2 Slovakia was advised by Arthur D Little and Sullivan & Cromwell (led by John Horsfield-Bradbury) , according to MergerLinks data and press releases.
Montagu, a private equity firm, agreed to acquire a majority stake in DQS, a global certification and assessment body for management systems, processes, and products, according to press releases. Financial terms were not disclosed.
DQS is advised by Houlihan Lokey. Montagu is advised by Greenbrook (led by James Madsen), according to MergeLlinks data and press releases.
Sopra Steria, a consulting, digital services, and software development company, completed the acquisition of Starion, company specializing in system engineering for space, defence, and critical infrastructures, and Nexova, a company specializing in cybersecurity and engineering services, according to press releases. Financial terms were not disclosed.
Sopra Steria was advised by Image 7, according to press releases.
Lone Star Funds, a private equity firm, agreed to acquire DOMO Engineered Materials of DOMO, a producer of engineered nylon materials, according to press releases. Financial terms are not disclosed.
DCC is said to have rejected a £5bn takeover offer from KKR and Energy Capital. ( FT)
UK‑listed energy group DCC has turned down a £5bn ($6.8bn) takeover proposal from a group of private investors, arguing that the offer “significantly undervalues the company and its future potential”.
The FTSE 100 firm said its board rejected the £58 ($79)‑per‑share bid from Energy Capital Partners and KKR, which placed DCC’s equity value at roughly £4.95bn ($6.7bn).
KKR is weighing a $10bn sale of the former Unilever spreads unit. ( FT)
KKR is weighing a sale of Flora Food Group, the spreads maker it separated from Unilever in a €6.8bn ($7.9bn) deal, after renewed consumer interest in dairy prompted the business to drop plans for a fully plant‑based portfolio.
The US investment firm has hired bankers to explore a potential divestment of Flora, whose brands include I Can’t Believe It’s Not Butter! and Bertolli.
Biomar plans a rare Copenhagen IPO. ( Bloomberg)
Biomar, the world’s third‑largest producer of fish feed, plans to list its shares on the Copenhagen stock exchange — a rare move in Denmark, which has seen fewer IPOs than its Nordic neighbors.
The offering will include shares sold by current owner Schouw along with a small batch of new shares from Biomar itself. The listing is expected in the first half of 2026.
Leo Pharma is said to have added more banks to its planned Copenhagen IPO lineup. ( Bloomberg)
Leo Pharma has expanded the group of banks advising it as it considers a potential IPO in Copenhagen.
The long‑established pharmaceutical company has added Goldman Sachs Group, Jefferies Financial Group, UBS Group and DNB Carnegie Holding to help coordinate the possible listing.
Navoi Mining is reportedly pausing its planned IPO. ( Bloomberg)
Work on the initial public offering of the world's forth-largest gold miner Navoi Mining & Metallurgical has been put on hold, as the Uzbek government considers the most suitable timing to list one of the world’s major gold producers.
The IPO had been planned for the London and Tashkent exchanges, but it’s unclear when — or whether — preparations will resume.
SoftBank‑backed Opay taps Citi, Deutsche Bank, and JP Morgan for its US IPO. ( Bloomberg)
Opay Digital Services is working with Citigroup, Deutsche Bank, and JP Morgan as it prepares for an IPO.
The SoftBank‑backed payments company aims to list in the US with a valuation of about $4bn and may move ahead with the share sale later this year.
Novo-backed Hemab raised $302m in its enlarged IPO. ( Bloomberg)
Hemab Therapeutics Holdings, a clinical‑stage biotech backed by the Novo Nordisk Foundation, raised $302m in an upsized US IPO priced at the top of its range.
The Cambridge, Massachusetts company sold 16.75m shares at $18 each. Earlier in the day, Hemab boosted the deal size to 15m shares from 11.8m, which had been marketed at $16 to $18 per share.
EQT is said to have chosen banks to review strategic options for WS Audiology. ( Bloomberg)
EQT has appointed several banks to explore strategic options for hearing‑aid maker WS Audiology, including the possibility of an IPO in Copenhagen.
The Swedish investment firm has tapped Danske Bank, Goldman Sachs and Morgan Stanley to guide the next phase of work, which could lead to a listing as early as next year.
APAC
Japan Airlines, a major Japanese airline, agreed to acquire an 18.32% stake in Lifenet Insurance, a life insurance products and services provider, from au Financial Holdings, an intermediate financial holding company, for JPY29.4bn ($187m), according to press releases.
au Financial is advised by Mitsubishi UFJ Morgan Stanley Securities, according to MergeLlinks data.
Thyssenkrupp, Jindal Steel pause talks on steel‑unit stake. ( Bloomberg)
Thyssenkrupp said it has mutually agreed with Jindal Steel International to put their discussions on hold regarding a potential stake sale in its steel division.
The company said that “the original assumptions and conditions for a possible sale of Thyssenkrupp Steel have changed significantly in recent months.
Brookfield’s Altius is planning an India IPO expected to raise about $630m. ( Bloomberg)
Brookfield Asset Management is preparing to submit draft documents as early as May for the IPO of Altius Telecom Infrastructure Trust, which could raise up to INR60bn ($630m).
India’s largest telecom tower operator is working with JM Financial, Axis Bank, Kotak Mahindra Capital, Citigroup, Jefferies, and Novaaone Capital on the draft prospectus. The company is also weighing a pre‑IPO round of up to INR30bn ($316m).
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