Corten Capital and Ampersand Capital Partners complete the acquisition of Beacon from Graphite Capital-backed Hanson Wade.

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AMERICAS

Honeywell completed the spin-off of its aerospace business.

Honeywell, a US-based industrial technology company, completed the spin-off of its aerospace business. Following the separation, the remaining company was renamed Honeywell Technologies, while Honeywell Aerospace began operating as an independent publicly traded company, according to press releases. Financial terms were not disclosed.

Honeywell was advised by Centerview Partners, Goldman Sachs, Morgan Stanley, Skadden Arps Slate Meagher & Flom (led by Allison Schneirov, Alexandra McCormack and Kyle J. Hatton), Wachtell Lipton Rosen & Katz (led by Andrew Nussbaum, Karessa Cain and George Tepe), according to press releases and MergerLinks data.

Attestor, Oaktree Capital Management and Sachem Head Capital Management led a $400m round in Ionic Digital.

Attestor, Oaktree Capital Management, and Sachem Head Capital Management, the investment firms, led a $400m round in Ionic Digital, a digital infrastructure and Bitcoin mining company, with participation from Citadel and Weiss Asset Management, according to press releases.

Ionic Digital was advised by BTIG, JP Morgan, White & Case, Gateway Group and Jaymie Scotto & Associates, according to press releases.

Brookfield-backed Intrepid Fiber Networks to acquire the Southern California fiber network of Ubiquity.

Brookfield-backed Intrepid Fiber Networks, a national US fiber-to-the-premises infrastructure provider, agreed to acquire the Southern California fiber network of Ubiquity, a private digital communications infrastructure owner, developer and operator, according to press releases. Financial terms were not disclosed.

Intrepid Fiber Networks is advised by Berg Hill Greenleaf Ruscitt and Morgan Lewis & Bockius. Ubiquity is advised by Bank Street Group and Kirkland & Ellis, according to press releases.

Parabellum Investments completes the acquisition of Crux Informatics.

Parabellum Investments, a private equity firm, completed the acquisition of Crux Informatics, a provider of external data-management products and services to customers across the financial and technology sectors, according to press releases. Financial terms were not disclosed.

Crux Informatics was advised by D.A. Davidson & Co and Goodwin Procter. Parabellum Investments was advised by Profile (led by Jordan Greenaway), according to press releases.

I Squared Capital completes the acquisition of ten data centers from Cogent Communications for $225m.

I Squared Capital, a private equity firm, completed the acquisition of ten data centers from Cogent Communications, a multinational internet service provider, for $225m, according to press releases.

I Squared Capital was advised by TVG Consulting, Kirkland & Ellis and FTI Consulting, according to press releases.

Digital Realty to acquire a majority stake in three Northern Virginia data centers from Blackstone for $3.5bn.

Digital Realty, a global real estate investment trust, agreed to acquire a majority stake in three Northern Virginia data centers from Blackstone, an alternative asset manager, for $3.5bn, according to press releases.

Blackstone is advised by Simpson Thacher & Bartlett (led by Michael Chao and Sam Rudik), according to MergerLinks data.

Houlihan Lokey to acquire Intrepid Financial Partners.

Houlihan Lokey, an American multinational independent investment bank, agreed to acquire Intrepid Financial Partners, an independent merchant bank specializing exclusively in the energy sector, according to press releases. Financial terms were not disclosed.

Intrepid Financial Partners is advised by Sullivan & Cromwell (led by Jared M. Fishman), according to MergerLinks data.

Local Favorite Restaurants completes the acquisition of Cotton Patch Cafe from Altamont Capital Partners.

Local Favorite Restaurants, a restaurant company that owns and operates a portfolio of Texas dining and fast-casual restaurant brands, completed the acquisition of Cotton Patch Cafe, a restaurant chain known for scratch-made Southern comfort food and small-town hospitality, from Altamont Capital Partners, a private equity firm, according to press releases. Financial terms were not disclosed.

Cotton Patch Cafe was advised by Harrington Park Advisors and The Power Group, according to press releases.

Salesforce led a $135m Series A round in 8090.

Salesforce, a designer and developer of enterprise software, led a $135m Series A round in 8090, an enterprise software development company, focusing on AI integration into company workflows, with participation from WNDR, Craft Ventures, The Production Board, LAUNCH, Nikesh Arora, Cliff Robbins, Adam D’Angelo, Shyam Ravindran, Thomas Laffont, and Abhi Arun, according to press releases.

8090 was advised by Wachtell Lipton Rosen & Katz, according to press releases.

BTG Pactual Strategic Capital completes a $200m investment in Bubble Down Car Wash.

BTG Pactual Strategic Capital, the private equity and opportunistic investment arm of BTG Pactual, completed a $200m investment in Bubble Down Car Wash, a Florida-based express car wash company, according to press releases.

Jana builds bigger stake in Fintech Alkami, pushes for sale. (Bloomberg)

Activist investor Jana Partners has increased its stake in Alkami Technology and is encouraging the financial‑technology company to pursue a sale process.

Jana holds an economic interest of more than 10% in Alkami and is advocating engagement with potential strategic and financial acquirers. The investor is also seeking changes to the company’s board leadership as part of its campaign.

Forgent, backer offer stock after price doubles since IPO. (Bloomberg)

Forgent Power Solutions and its private‑equity owner, Neos Partners, are conducting a secondary share offering of about 35m shares, marking the company’s third equity sale since its February listing.

The offering includes shares sold by both Neos affiliates and Forgent. Proceeds received by Forgent will be used to redeem equity interests from Neos‑linked entities, resulting in the private‑equity investor receiving the economic benefit of the transaction.

Surge in NFL valuations to be tested with Seahawks bids due. (Bloomberg)

Bids are due in the first round of a sale process for the Seattle Seahawks, a transaction that could become the largest sale of an NFL franchise to date.

The process is expected to test investor appetite for professional sports assets as team valuations continue to rise, narrowing the pool of potential buyers capable of completing a transaction.

Garden endorses New Fortune Brands CEO after campaign. (Bloomberg)

Activist investor Ed Garden has welcomed the appointment of Fortune Brands Innovations’ new chief executive officer following efforts to drive changes at the company.

Garden said the focus remains on improving capital allocation, operational performance and corporate governance, with the leadership change viewed as a step toward those objectives.

EMEA

ANV to acquire Assured Underwriting Group from Mobeus.

ANV, a global insurance intermediary platform, agreed to acquire Assured Underwriting Group, a diversified managing general agent and underwriting group focused on travel industry surety and insurance, from Mobeus, a private equity investment firm, according to press releases. Financial terms were not disclosed.

ANV is advised by PricewaterhouseCoopers, Freshfields, Rein4ce and Macquarie Capital. Assured Underwriting Group is advised by Clyde & Co and Grant Thornton, according to press releases.

The Visualize Group to acquire eCOGRA from Hanover Investors Management.

The Visualize Group, a private investment company, agreed to acquire eCOGRA, a London-based provider of testing, inspection, certification, and compliance services for online gambling, from Hanover Investors Management, an investment company, according to press releases. Financial terms were not disclosed.

eCOGRA and Hanover Investors are advised by Macquarie Capital and Willkie Farr & Gallagher. The Visualize Group is advised by Greenberg Traurig and Weil Gotshal and Manges, according to press releases.

Hammond Power Solutions completes the acquisition of AEG Power Solutions at an enterprise value of CAD365m.

Hammond Power Solutions, a North American manufacturer of dry-type transformers and electrical engineered magnetics, completed the acquisition of AEG Power Solutions, a global manufacturer of industrial power electronics, at an enterprise value of CAD365m ($267m), according to press releases.

AEG Power Solutions was advised by Jefferies & Company (led by Jeffrey Greenip and Nick Vernooij). Hammond Power Solutions was advised by JP Morgan and Norton Rose Fulbright according to press releases and MergerLinks data.

Volpi Capital completes the acquisition of a majority stake in KGS Software.

Volpi Capital, a London-based specialist private equity firm, completed the acquisition of a majority stake in KGS Software, a German company providing audit-proof archiving and data governance for SAP environments, according to press releases. Financial terms were not disclosed.

GENUI was advised by Lincoln International (led by Ashkan Kalantary) and Sara Günnewig (led by Sara Gunnewig), according to press releases and MergerLinks data.

Ardian plans to invest over €3bn in Nordic data centers. (Bloomberg)

Ardian plans to invest more than €3bn ($3.4bn) in data‑center development across the Nordic region through its portfolio company Verne.

The investment will fund new facilities in Norway and Denmark as demand for digital infrastructure continues to grow. The Nordics have attracted increased interest from data‑center operators due to their energy resources and available development sites.

Shell nears $1bn South Africa fuel stations sale to Adnoc unit. (Bloomberg)

Shell is nearing an agreement to sell its retail fuel‑station network in South Africa to a unit of Abu Dhabi National Oil Co. in a transaction valued at about $1bn.

The deal would give Adnoc control of around 600 fuel stations, representing roughly 10% of South Africa’s retail fuel market, and would further expand the company’s international downstream footprint.

Barclays buys £750 million long-term lease on its Canary Wharf headquarters. (Reuters)

Barclays has acquired a 999‑year lease on its global headquarters in London’s Canary Wharf for £750m ($992.8m), reinforcing its long‑term presence in the financial district.

The transaction gives the bank control of the property well beyond the expiry of its current lease in 2039. Barclays said the acquisition is expected to have a broadly neutral impact on its capital ratios and earnings.

Armani taps BCG as fashion group adapts to post-founder era. (Bloomberg)

Giorgio Armani is working with Boston Consulting Group on initiatives aimed at expanding several key business segments ahead of a potential stake sale process expected to begin later this year.

The Italian fashion group is evaluating growth opportunities in areas including hospitality and handbags as part of a broader strategic review. The company has also been developing a long‑term business plan following the death of founder Giorgio Armani.

Emirates NBD said to be in talks to buy HSBC’s Turkey unit. (Bloomberg)

Emirates NBD PJSC is in discussions regarding a potential acquisition of HSBC Holdings' operations in Turkey.

The talks are at an early stage and there is no certainty that a transaction will be completed.

Relx plans to buy back up to £100m in shares in July 2027. (Bloomberg)

Relx plans to repurchase up to £100m ($132.1m) of its shares next month as part of its ongoing capital‑return programme.

The buyback is scheduled to take place between July 1 and July 21 and forms part of the company’s £2.25bn ($2.97bn) share repurchase programme for the year. The planned purchases will follow £200m ($264m) of buybacks completed in June.

APAC

BMO Financial Group to acquire the Australia-based capital markets business of Euroz Hartleys.

BMO Financial Group, a Canadian multinational investment bank and financial services company, agreed to acquire the Australia-based capital markets business of Euroz Hartleys, a metals and mining-focused equity capital markets, M&A and strategic advisory firm, according to press releases. Financial terms were not disclosed.

Euroz Hartleys is advised by Grant Samuel and Steinepreis Paganin. BMO Financial Group is advised by BMO Capital Markets, DLA Piper and Osler Hoskin & Harcourt, according to press releases.

Bangchak completes the acquisition of Chevron Hong Kong for $270m.

Bangchak, a petroleum and energy conglomerate in Thailand, completed the acquisition of Chevron Hong Kong, the Hong Kong-based unit of Chevron, an American multinational energy corporation predominantly specializing in oil and gas, for $270m, according to press releases.

Bangchak was advised by Ernst & Young. Chevron was advised by JP Morgan and Latham & Watkins (led by Simon Cooke, Esther C. Franks and Benjamin Han), according to MergerLinks data.

A consortium of investors led by Nishat Hotels and Properties completed the acquisition of a 51% stake in Rafhan Maize from Ingredion for $165m.

A consortium of investors led by Nishat Hotels and Properties, a Pakistani luxury boutique hotel operator, completed the acquisition of a 51% stake in Rafhan Maize, a Pakistani agro-industrial and food ingredient company, from Ingredion, a global food ingredients provider, for $165m, according to press releases.

Modi's soft spot for Japan gives banks an edge in deal wave. (Bloomberg)

Yes Bank secured a long‑term strategic investor after Sumitomo Mitsui Financial Group agreed to acquire a 20% stake in the Indian lender for $1.58bn.

The investment followed an extended process to identify a foreign partner, with SMFG emerging as the preferred investor due to its long‑term commitment to the Indian market and support for the bank’s future growth.

Softbank-backed Oravel updates filing for $703m India IPO. (Bloomberg)

Oravel Stays, the parent company of travel platform OYO, has filed updated documentation for an initial public offering that could raise up to INR66.5bn ($703m), reviving one of India’s most closely watched listing plans.

The proposed offering will consist entirely of newly issued shares, with no secondary sale by existing shareholders. The company may also complete a pre‑IPO fundraising of up to INR13.3bn ($140m), which would reduce the size of the public offering.

How Ambani built project Jupiter to launch India’s biggest IPO. (Bloomberg)

Jio Platforms continues to work toward a planned stock market listing after Reliance Industries previously indicated that the business would pursue an initial public offering.

As part of preparations, the company has been evaluating regulatory requirements, shareholder participation and the structure of a potential offering. The process has involved extensive planning ahead of what could become one of India’s largest listings.

Wanda ordered to pay Suning $258m over failed IPO. (Bloomberg)

A Chinese court has ordered Dalian Wanda Group to pay Suning.com CNY1.75bn ($258m), resolving a long‑running dispute related to the failed initial public offering of a property management business.

The ruling requires Wanda to refund the remaining portion of Suning’s investment made ahead of the planned listing of Wanda’s commercial property management unit. Other claims brought by Suning were dismissed.

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