|
Top Highlights
Corpay, a corporate payments company, and TPG, a private equity company, completed the acquisition of AvidXchange, a provider of accounts payable automation solutions to lower middle market companies, for $2.2bn, according to press releases.
Ripple, a provider of digital asset infrastructure, agreed to acquire GTreasury, an adaptable treasury solutions provider, from Hg, a private equity firm, for $1bn, according to press releases.
GTreasury is advised by EY Parthenon, Goldman Sachs and Morrison Foerster (led by Patrick Huard). Hg is advised by Cadarn Capital (led by David Harris), according to MergerLinks data and press releases.
APG, a Dutch pension investment company, agreed to invest €300m ($350m) in Return, an independent energy storage provider, according to press releases.
Return is advised by Baringa Partners, KPMG, Santander, A&O Shearman and DNV. APG is advised by Montel, Timera, Deloitte, Nomura, Greenberg Traurig and Rina, according to MergerLinks data and press releases.
AMERICAS
Blackstone and TPG in advanced talks to acquire Hologic for over $17bn. ( FT)
HoldCo urges Eastern Bankshares to consider sale over acquisitions. ( Reuters)
Mubadala Capital explores potential acquisition of Clear Channel Outdoor. ( Bloomberg)
Aeroméxico targets a $2.9bn valuation in planned US IPO. ( Reuters)
Trump Jr and Palihapitiya-backed SPAC targets $260m IPO. ( Bloomberg)
Arthur Hayes’ family office seeks $250m for debut crypto-focused fund. ( Bloomberg)
EMEA
Viewture secures £80m funding backed by George Osborne-chaired firm. ( Sky News)
Canaccord Genuity explores options for UK wealth management arm. ( Reuters)
Hermès menswear artistic director Veronique Nichanian to step down after 37 years. ( WSJ)
Porsche appoints ex-McLaren chief Michael Leiters as new CEO. ( Press Release)
|
INVESTORS
FINANCIAL ADVISORS
|
|
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
26North, an alternatives platform, led a $700m investment in NEP Group, a media services and technology company, with participation from Carlyle, according to press releases.
NEP Group was advised by Goldman Sachs, Debevoise & Plimpton and Latham & Watkins. 26North was advised by Barclays, Goldman Sachs, Greenhill & Co, RBC Capital Markets and Kirkland & Ellis, according to MergerLinks data and press releases.
Cove Hill Partners, an investment firm, completed a $300m investment in Vantaca, an AI-first community association management platform, according to press releases.
Vantaca was advised by William Blair & Co and Goodwin Procter. Cove Hill was advised by Weil Gotshal and Manges (led by Robert Rizzo and Emily Willey), according to MergerLinks data and press releases.
Yadav Enterprises, a restaurant franchisee company, agreed to acquire Del Taco, a fast food restaurant chain, from Jack in the Box, an American fast food restaurant chain, for $115m, according to press releases.
Yadav is advised by Baker Tilly. Jack in the Box is advised by Bank of America and Sullivan & Cromwell (led by Alison S. Ressler), according to MergerLinks data and press releases.
Keysight, a company that manufactures electronics test and measurement equipment and software, completed the acquisition of Optical Solutions Group, a developer of optical design and analysis software tools, from Synopsys, an electronic design automation company, according to press releases. Financial terms were not disclosed.
Cornerstone Bank, a community bank operating through a broad range of deposit and loan products and services, agreed to acquire Peoples Bancorp, a diversified financial services holding company, according to press releases. Financial terms were not disclosed.
Peoples Bancorp is advised by Hillworth Bank Partners and Fenimore Kay Harrison & Ford. Cornerstone Bank is advised by Piper Sandler and Otteson Shapiro, according to press releases.
The Arena Group, an innovative technology platform and media company, completed the acquisition of ShopHQ, a US-based home shopping television network and multi-channel video retailer, from IV Media, a media company, according to press releases. Financial terms were not disclosed.
The Arena Group was advised by FNK IR (led by Rob Fink), according to press releases.
Samsung, a multinational conglomerate that operates in various sectors, completed the acquisition of Xealth, a digital health integration platform, according to press releases. Financial terms were not disclosed.
Samsung was advised by RAE Communications (led by Heather Caouette), according to press releases.
Boston Scientific, a global medical technology company, agreed to acquire Nalu Medical, a medical technology company focused on peripheral nerve stimulation for chronic pain, for $533m, according to press releases.
San Manuel Investment Authority, an investment arm of Yuhaaviatam of San Manuel Nation, completed the acquisition of Waldorf Astoria Monarch Beach Resort & Club, a 400-room oceanfront resort, from Ohana Real Estate Investors, a vertically integrated investment firm focused exclusively on full-service hotels, according to press releases. Financial terms were not disclosed.
ProAmpac, a flexible packaging company, completed the acquisition of the bag converting operations of International Paper, a sustainable packaging company, according to press releases. Financial terms were not disclosed.
Blackstone and TPG in advanced talks to acquire Hologic for over $17bn. ( FT)
Blackstone and TPG are in advanced discussions to acquire Hologic in a deal that could value the medical device manufacturer at more than $17bn, including debt.
A formal agreement could be announced within days, adding that the firms are negotiating a price exceeding $75 per share. The talks remain private and subject to final terms.
HoldCo urges Eastern Bankshares to consider sale over acquisitions. ( Reuters)
Activist investor HoldCo Asset Management has accumulated a significant stake in Eastern Bankshares and is urging the historic Boston-based lender to explore a sale rather than continue acquiring other banks.
HoldCo, which recently built a 3% position in Eastern, is pushing for a potential sale to a larger regional player such as M&T Bank. The investor has also criticized Eastern’s management for what it calls “poor capital allocation,” pointing to three acquisitions in the past five years and several securities restructurings.
Mubadala Capital explores potential acquisition of Clear Channel Outdoor. ( Bloomberg)
Mubadala Capital, the asset management arm of Abu Dhabi’s sovereign wealth fund Mubadala Investment, is exploring a possible acquisition of Clear Channel Outdoor Holdings.
The firm has been actively working on a potential deal for the billboard operator. If finalized, the acquisition would expand Mubadala’s footprint in the global media and advertising sector.
Aeroméxico targets a $2.9bn valuation in planned US IPO. ( Reuters)
Grupo Aeroméxico announced that it is aiming for a valuation of up to $2.92bn in its upcoming US initial public offering, marking its return to public markets after more than two years.
The Mexico City-based airline and some of its existing shareholders plan to raise as much as $235m by offering 11.7m American Depositary Shares, priced between $18 and $20 each.
Trump Jr and Palihapitiya-backed SPAC targets $260m IPO. ( Bloomberg)
A blank-check company featuring Donald Trump Jr., investor Chamath Palihapitiya, and Fox News host Laura Ingraham on its board is seeking to raise $260m through an initial public offering. The firm, named Colombier Acquisition Corp. III, marks the latest in a series of special purpose acquisition companies launched by prominent US figures.
The company said its leadership team plans to “leverage our network” to identify a suitable target. It added that the goal is to “fund the next chapter of America,” signaling a focus on domestically oriented investments.
Arthur Hayes’ family office seeks $250m for debut crypto-focused fund. ( Bloomberg)
The family office of Arthur Hayes, the BitMEX co-founder and prominent cryptocurrency figure, is raising at least $250m for its first private equity fund aimed at medium-sized crypto businesses. The fund marks a major step in expanding Hayes’ investment footprint beyond trading and digital assets.
Maelstrom, the investment firm behind the effort, plans to deploy between $40m and $75m per deal across up to six companies, said co-founder and managing partner Akshat Vaidya. The fund will focus on service providers in areas such as trading infrastructure and analytics platforms.
EMEA
Vauban Infrastructure-backed Vauban Infra Fibre, an independent digital infrastructure platform, agreed to acquire Towerlink France, an owner, operator and developer of urban edge datacentres, from Cellnex, a telecommunications towers and infrastructures operator, for €391m ($456m), according to press releases.
Vauban Infrastructure is advised by Altman Solon, Marsh, Eight Advisory, Nomura, Clifford Chance and Havas. Cellnex is advised by Analysys Mason, Banco Bilbao Vizcaya Argentaria (BBVA), Credit Agricole and Herbert Smith Freehills Kramer, according to MergerLinks data and press releases.
Molex, an electronics connectivity innovator, agreed to acquire Smiths Interconnect, a provider of high-reliability connectivity products and solutions, from Smiths Group, a British, multinational, diversified engineering business, for £1.3bn ($1.75bn), according to press releases.
Molex is advised by Rothschild & Co and Jones Day. Smiths Group is advised by Goldman Sachs (led by Charles Lytle and Mark Sorrell), JP Morgan (led by Alex Bruce), White & Case and FTI Consulting (led by Alex Le May), according to MergerLinks data and press releases.
Hunter Point Capital, an independent investment firm providing capital solutions and strategic support to alternative asset managers, completed the acquisition of 16.1% stake in Equitix, an international investor, developer and fund manager in infrastructure, from Tetragon Financial Group, an investment company, for £209m ($281m), according to press releases.
Equitix was advised by Ashurst. Hunter Point Capital was advised by Latham & Watkins (led by Alexandra Croswell Kelly). Tetragon Financial Group was advised by Bank of America, Dechert (led by Christopher Field) and Prosek Partners (led by Joshua Rosen), according to press releases and MergerLinks data.
Vienna Insurance Group, an international insurance group, offered to acquire NÜRNBERGER, a German insurance company, for $1.61bn, according to press releases.
NÜRNBERGER is advised by Bain & Co, ParkView Partners (led by Cai Berg), Mutter & Kruchen and Willkie Farr & Gallagher, according to MergerLinks data and press releases.
Viewture secures £80m funding backed by George Osborne-chaired firm. ( Sky News)
Viewture, a company that finances some of YouTube’s most popular creators, including the Sidemen, has raised £80m ($107m) in fresh backing from investors such as Lingotto, the investment firm chaired by former UK chancellor George Osborne.
The London-based firm, founded in 2020, is set to announce the new mix of debt and equity funding next week. The round is led by Lingotto, part of Italy’s Agnelli business dynasty, and will help Viewture expand its support for digital creators globally.
Canaccord Genuity explores options for UK wealth management arm. ( Reuters)
Canaccord Genuity is reviewing strategic options for its British wealth management division and has held discussions with potential counterparties.
The statement came after a report revealed that the Canadian financial services firm had approached possible buyers, including CVC and Advent. Canaccord emphasized that the review may not result in a transaction and said it would refrain from further comments unless required by regulation.
Hermès menswear artistic director Veronique Nichanian to step down after 37 years. ( WSJ)
Hermès announced that Veronique Nichanian, its long-serving artistic director of menswear, will step down after showcasing her final collection for the French luxury house in January. Her departure marks the end of a 37-year tenure that helped define the brand’s understated elegance in men’s fashion.
The maker of the iconic Birkin bag said Nichanian’s last collection will be unveiled during the upcoming Paris Fashion Week, closing a remarkable chapter in the maison’s design legacy.
Porsche appoints ex-McLaren chief Michael Leiters as new CEO. ( Press Release)
Porsche has named former McLaren boss Michael Leiters as its new chief executive, aiming to rejuvenate the German luxury carmaker’s performance and address investor concerns over leadership structure. The appointment ends the dual role of Oliver Blume, who has simultaneously led Porsche and its parent company Volkswagen.
Blume, who has been at Porsche’s helm for a decade, has managed both automakers for the past three years—a period marked by operational challenges and declining momentum across both brands. Leiters’ arrival signals Porsche’s intent to sharpen its focus and restore growth.
APAC
Capgemini, a global consulting company, completed the acquisition of WNS, a business process management company, for $3.3bn, according to press releases.
WNS was advised by JP Morgan, William Blair & Co and Latham & Watkins (led by Sharon Lau and Ian A. Nussbaum). Financial advisors were advised by Cravath Swaine & Moore (led by Edward Minturn). Capgemini was advised by Barclays, Citigroup, Cleary Gottlieb Steen & Hamilton (led by Valerie Lemaitre), Skadden Arps Slate Meagher & Flom (led by Armand Grumberg) and Brunswick Group, according to press releases and MergerLinks data.
Apollo, an alternative asset manager, agreed to acquire a minority stake in Charles Monat Associates, a life insurance brokerage firm, according to press releases. Financial terms were not disclosed.
Charles Monat is advised by Rothschild & Co and Baker McKenzie. Apollo is advised by Sidley Austin, according to MergerLinks data and press releases.
Jardine Matheson, a multinational conglomerate, agreed to acquire a 11.96% stake in Mandarin Oriental, a multinational hospitality and management group, for $502m, according to press releases.
Mandarin Oriental is advised by Morgan Stanley and Brunswick Group (led by Tom Burns), according to MergerLinks data and press releases.
Coinbase, an American cryptocurrency exchange, agreed to invest in CoinDCX, an India crypto exchange, according to press releases. Financial terms were not disclosed.
CoinDCX is advised by Khaitan & Co (led by Sanjay Khan Nagra). Coinbase is advised by Baker McKenzie, according to MergerLinks data.
Alibaba Group, a retailer and e-commerce company, and Ant Group, an open internet platform, agreed to acquire 301,555 sq. feet of One Causeway Bay, including the top thirteen floors, rooftop signage and 50 parking spaces, from Mandarin Oriental, an owner and operator of hotels, for $925m, according to press releases.
|
Connect the World of Dealmakers
Expand your network of fellow Dealmakers by inviting your colleagues and coworkers.
Join Now
If you know someone who might enjoy this briefing forward this email. Subscribe to a Daily Review.
|
|
|
|
|
