Coeur completes the acquisition of New Gold for $7bn.

Read on...

Scroll down to read deal descriptions. Your suggestions and comments support the democratisation of M&A data. If you'd like to contribute to the future editions, drop us a line.

AMERICAS

Prestige Consumer Healthcare to acquire the Breathe Right brand and certain other brands from Foundation Consumer Healthcare for $1.045bn.

Prestige Consumer Healthcare, a consumer healthcare products company, agreed to acquire the Breathe Right brand and certain other brands from Foundation Consumer Healthcare, an over-the-counter consumer healthcare company, for $1.045bn, according to press releases.

Prestige is advised by Citigroup and Alston & Bird. Foundation is advised by Canaccord Genuity, Skadden Arps Slate Meagher & Flom (led by Michael A. Civale) and RJ Communications (led by Janene Ferrara), according to MergerLinks data and press releases.

B&G Foods completes the acquisition of College Inn and Kitchen Basics of Del Monte Foods for $110m.

B&G Foods, a company specializing in high-quality food brands, completed the acquisition of College Inn and Kitchen Basics of Del Monte Foods, a provider of high-quality fruits and vegetables, for $110m, according to press releases.

Del Monte Foods was advised by PJT Partners, and C Street Advisory. B&G Foods was advised by Willkie Farr & Gallagher (led by Brian Hamilton and Heather Weigel), and ICR (led by Anna Kate Heller), according to MergerLinks data and press releases.

Palladium Equity Partners to acquire a majority stake in DME Express from WayPoint Capital.

Palladium Equity Partners, a private equity firm, agreed to acquire a majority stake in DME Express, a provider of durable medical equipment, from WayPoint Capital Partners, a lower middle market private equity firm, according to press releases. Financial terms are not disclosed.

DME Express is advised by Cain Brothers, and Holland & Knight. Palladium Equity Partners is advised by Edgemont Partners, Morrison Foerster, and Kekst CNC (led by Jeffrey Z. Taufield), according to MergerLinks data and press releases.

Collegium Pharmaceutical to acquire the AZSTARYS business from Corium Therapeutics for $785m.

Collegium Pharmaceutical, a diversified biopharmaceutical company, agreed to acquire the AZSTARYS business from Corium Therapeutics, a commercial-stage biopharmaceutical company advancing novel neuroscience therapies, for $785m, according to press releases.

Collegium is advised by Leerink Partners and Goodwin Procter. Corium is advised by Centerview Partners and Sullivan & Cromwell (led by Matthew G. Hurd), according to MergerLinks data and press releases.

Fresh Del Monte completes the acquisition of select assets of Del Monte Foods for $285m.

Fresh Del Monte, a producer, marketer, and distributor of fresh fruit and vegetables, completed the acquisition of select assets of Del Monte Foods, a plant-based food company, for $285m, according to press releases.

Fresh Del Monte was advised by Rabobank, Dickinson Wright, Greenberg Traurig, and Havas Formula, according to press releases.

Realty Income and Apollo to form a joint venture.

Realty Income, a real estate investment trust, and Apollo, an alternative investment manager, agreed to form a joint venture focused on a diversified portfolio of single-tenant retail properties subject to long-term net leases, according to press releases. Financial terms are not disclosed.

Realty Income is advised by Goldman Sachs. Apollo is advised by Wells Fargo Securities, according to press releases.

Ecolab to acquire CoolIT Systems.

Ecolab, a company specializing in water, hygiene and infection prevention solutions and services, agreed to acquire CoolIT Systems, a company specializing in scalable liquid cooling solutions, according to press releases. Financial terms are not disclosed.

CoolIT Systems is advised by Morgan Stanley. Ecolab is advised by Citigroup, and Covington & Burling, according to press releases.

Kyuden Group-backed Kyuden International Americas to acquire IHI Power Services.

Kyuden Group-backed Kyuden International Americas, the US subsidiary of Kyuden International, agreed to acquire IHI Power Services, a provider of operations, maintenance and asset management services for power generation assets, according to press releases. Financial terms are not disclosed.

IHI Power Services. is advised by Beyond Fifteen Communications, according to press releases.

Bain Capital Ventures and IVP led a $100m Series C round in Cape.

Bain Capital Ventures and IVP, venture capital firms, led a $100m Series C round in Cape, a privacy-focused cellular network provider, with participation from new investors, 01 Advisors, 137 Ventures, Definition, and Fifth Down Capital, according to press releases.

Cape was advised by Cmand, according to press releases.

General Catalyst and Liberty City Ventures led a Series B round in Cloaked.

General Catalyst and Liberty City Ventures, venture capital firms, led a Series B round in Cloaked, a privacy and security company, with participation from Lux Capital, Human Capital, Marquee Ventures, Fifth Growth Fund, NFL Players Association, LG Technology Ventures, Assurant Ventures, and DuckDuckGo, according to press releases. Financial terms were not disclosed.

Cloaked was advised by Boldco, according to press releases.

Allstates WorldCargo completes the acquisition of ELITeXPO.

Allstates WorldCargo, a company specializing in expedited logistics solutions, completed the acquisition of ELITeXPO, a Chicago-based tradeshow logistics provider, according to press releases. Financial terms were not disclosed.

Banco Macro to acquire Banco Saenz from Liliana Mónica Frávega, Facundo Frávega and Luciano González-Lobo.

Banco Macro, a domestically-owned private bank in Argentina, agreed to acquire Banco Saenz, an Argentinian bank, from Liliana Mónica Frávega, Facundo Frávega and Luciano González-Lobo, according to press releases. Financial terms are not disclosed.

Series X led a $300m investment round in Verily.

Series X, a venture capital fund, led a $300m investment round in Verily, a research organization devoted to the study of life sciences, with participation from Alphabet, UCHealth, the University of Colorado Anschutz, according to press releases.

Unilever is in talks to separate its food business and merge it with McCormick. (Press Release)

Unilever acknowledged recent media reports about a possible transaction involving its foods business. The board said the division remains a strong and attractive part of the company, backed by leading brands and solid financial performance.

Unilever confirmed it has received an unsolicited offer for the foods unit and is in discussions with McCormick & Company, but noted there is no certainty that a deal will be reached.

OpenAI to acquire startup Astral, expanding its push into coding. (Bloomberg)

OpenAI is moving to acquire Astral, a startup that builds Python tools for developers, marking the ChatGPT maker’s latest push into the rapidly expanding market for coding and developer services.

The deal, which is still pending, will fold Astral’s team into OpenAI’s Codex initiative. Codex now has more than 2m users — triple the number at the start of the year — and Astral’s products are expected to help expand Codex from a code‑generation engine into a broader suite of developer tools.

Nuclear energy firm X‑Energy files for US IPO despite war. (Bloomberg)

X‑Energy has filed for a US initial public offering, joining a growing number of companies pushing ahead with listing plans even as Middle East tensions weigh on risk appetite.

The Rockville, Maryland‑based firm reported a net loss of about $390m last year on $94m in revenue, excluding grants. That compares with a $126m loss on $84m in revenue the previous year.

Janus Living IPO set to hit $840m and price at the high end of the range. (Bloomberg)

Janus Living, a seniors‑focused real estate investment trust, is set to boost the size of its initial public offering to about $840m and price the shares at the top of the marketed range.

The Denver‑based REIT has told investors it plans to raise the base size of the offering by $100m from the original $740m target, with shares expected to be priced at $20 each. Janus Living, a carve‑out from Healthpeak Properties, had initially marketed the stock at $18 to $20 per share.

Citigroup’s global investment banking chair John Chirico is set to retire. (Bloomberg)

John Chirico, Citigroup’s global chair of investment banking, is stepping down after decades of advising some of the firm’s most significant clients.

EMEA

Leonardo completes the acquisition of Iveco Defence for €1.7bn.

Leonardo, a global high-tech company specializing in aerospace, security, and defense, completed the acquisition of Iveco Defence, a division of the Iveco Group, for €1.7bn ($1.97bn), according to press releases.

Leonardo was advised by Morgan Stanley and BonelliErede (led by Gianfranco Veneziano). Iveco was advised by Freshfields (led by Nicola Asti), Legance (led by Alessandro Botto) and Community Group (led by Auro Palomba), according to MergerLinks data and press releases.

Kyotherm completes the acquisition of a portfolio of infrastructure assets from SEIT for £105m.

Kyotherm, an investment company, completed the acquisition of a portfolio of infrastructure assets from SDCL Efficiency Income Trust, an investment company dedicated to investments in energy efficiency projects, for £105m ($140m), according to press releases.

SEIT was advised by Jefferies & Company (led by Paul Bundred) and Cardew Group (led by Ed Orlebar), according to MergerLinks data and press releases.

USS to acquire a 50% stake in Dublin Waste to Energy from EQT Infrastructure-backed Encyclis.

Universities Superannuation Scheme, a UK pension scheme, agreed to acquire a 50% stake in Dublin Waste to Energy, a waste-to-energy plant, from EQT Infrastructure-backed Encyclis, an energy from waste company, according to press releases. Financial terms were not disclosed.

Dublin Waste to Energy is advised by Arthur Cox (led by Aaron Boyle). Encyclis is advised by UBS, according to MergerLinks data and press releases.

Pioneer Point Partners completes the acquisition of WCG Wärme Contracting.

Pioneer Point Partners, a sustainable infrastructure investment firm, completed the acquisition of WCG Wärme Contracting, a German heat contracting business, according to press releases. Financial terms were not disclosed.

Pioneer Point was advised by Nomura Greentech and Gleiss Lutz (led by Cornelia Topf), according to MergerLinks data and press releases.

Deutsche Beteiligungs to acquire a majority stake in Hipp Technology Group from Endura.

Deutsche Beteiligungs, a private equity company, agreed to acquire a majority stake in Hipp Technology Group, a development and manufacturing partner in the field of medical technology, from Endura, a private equity company, according to press releases. Financial terms were not disclosed.

Hipp Technology is advised by UBS. Deutsche Beteiligungs is advised by Baker McKenzie (led by Christian Atzler), according to MergerLinks data and press releases.

Colas to acquire the construction and recycling business from the Frauenrath Group.

Colas, a civil engineering firm, agreed to acquire the construction and recycling business from the Frauenrath Group, a family-owned company, according to press releases. Financial terms were not disclosed.

Frauenrath is advised by Gleiss Lutz (led by Thomas Menke), according to MergerLinks data.

CBRE Investment Management to acquire a 10% stake in Porterbrook for £115m.

CBRE Investment Management, a global real assets investment management firm, agreed to acquire a 10% stake in Porterbrook, a passenger rolling stock leasing company, for £115m ($153m), according to press releases.

CBRE is advised by Rothschild & Co, according to MergerLinks data.

ANV Group Holdings to acquire Iris.

ANV Group Holdings, a global insurance intermediary platform, agreed to acquire Iris, a diversified, specialty insurance distribution platform., according to press releases.Financial terms were not disclosed.

ANV is advised by Rein4ce, according to press releases.

APG to acquire a 37.5% stake in NorthC.

APG, a pension investor, agreed to acquire a 37.5% stake in NorthC, an enterprise colocation data center platform, according to press releases. Financial terms were not disclosed.

APG is advised by Jefferies & Company, according to MergerLinks data.

Shakhmurat Mutalip to acquire Altynalmas.

Shakhmurat Mutalip, a Kazakh entrepreneur, agreed to acquire Altynalmas, a gold mining company. Financial terms were not disclosed.

Spire says sale talks are ongoing despite Bridgepoint and Triton pulling out. (Press Release)

Spire Healthcare said that buyout talks with private‑equity firms Bridgepoint and Triton have ended.

The company cautioned that there is no certainty an offer will be made or what the terms might be.

Savvy agrees to buy ByteDance’s game studio Moonton for $6bn. (Bloomberg)

Savvy Games Group has reached an agreement to acquire Moonton from ByteDance, continuing the Saudi company’s push to expand its mobile gaming portfolio.

The deal values Moonton at about $6bn. Moonton CEO Zhang Yunfan said the transaction is expected to close soon. He added that Savvy plans to retain the current leadership team and will introduce incentive programs for employees.

German chipmaker Elmos is considering putting the company up for sale. (Reuters)

Germany’s Elmos Semiconductor is weighing a potential sale as its founding shareholders explore an exit.

The company, valued at roughly €2.3bn ($2.5bn), has brought in Morgan Stanley to advise on the process.

Germany’s Gerresheimer has drawn takeover interest from US packaging group Silgan. (Reuters)

US packaging group Silgan Holdings has expressed interest in acquiring German medical packaging manufacturer Gerresheimer.

Silgan has engaged advisers to explore a potential offer that could value Gerresheimer at around €41 ($47) per share. They added, however, that there is no guarantee a formal bid will be made or that any deal will ultimately go ahead.

Thyssenkrupp’s talks to sell its steel unit to Jindal have stalled, the deputy chairman says. (Reuters)

Talks to sell Thyssenkrupp’s steel division to India’s Jindal Steel International are making little progress, and the long‑anticipated deal cannot be allowed to drag on for months, the company’s deputy supervisory board chairman said.

Juergen Kerner, who also serves as deputy head of Germany’s IG Metall union, said labour representatives have given Jindal — which has been conducting due diligence on the steel unit, known as TKSE, since October — a detailed questionnaire.

CVC and Nordic eye €3bn exit from windshield‑repair firm Cary. (Bloomberg)

CVC Capital Partners and Nordic Capital have begun exploring potential exit options for vehicle‑glass repair company Cary Group.

The private‑equity owners have started sounding out potential advisers about a possible sale or stock‑market listing. A transaction could value the company at €3bn ($3.5bn) or more.

APAC

TransTech Group completes the acquisition of a majority stake in Teknoflow.

TransTech Group, a diversified industrial solutions company, completed the acquisition of a majority stake in Teknoflow, an India-based engineering and fabrication company, according to press releases. Financial terms were not disclosed.

Teknoflow was advised by Deloitte, according to press releases.

India’s top asset manager SBI Funds files prospectus for IPO. (Bloomberg)

SBI Funds Management, India’s largest asset manager, has filed a draft prospectus for an initial public offering of up to 203.7m shares, marking one of the sector’s most closely watched listings.

State Bank of India — the firm’s founder — plans to sell as many as 128.3m shares, representing 6.3% of its equity. Amundi India Holding will offer up to 75.4m shares, or 3.7%. The IPO will consist entirely of secondary shares, with no new issuance.

ByteDance‑backed Dongchedi is said to pick Citi and Goldman Sachs for Hong Kong IPO. (Bloomberg)

Beijing Dongchedi Technology has selected Citigroup and Goldman Sachs Group to help lead its planned Hong Kong initial public offering.

The automotive platform, known as DCar, may bring additional banks on board as the process moves forward.

Blackstone raises $12bn for its Asia PE fund as it nears close. (Bloomberg)

Blackstone has raised more than $12bn for its newest Asia‑Pacific buyout fund, reflecting the firm’s confidence that markets such as India, Japan and Australia will drive stronger private‑equity returns.

The vehicle, known as Blackstone Capital Partners Asia III, has surpassed its fundraising target and is expected to close in the coming weeks.

Star Entertainment has chosen Bally’s executive Charles Diao to serve as its CFO. (Reuters)

Australian casino operator Star Entertainment Group said it has appointed HC Charles Diao as group chief financial officer, marking another senior hire from US-based Bally’s Corporation.

Diao, currently senior vice president of finance and corporate treasurer at Bally’s, will replace Frank Krile, who stepped down as CFO at the end of December.

Daily Review

Connect the World of Dealmakers