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AMERICAS
Apollo and Alpine Investors, a private equity firms, agreed to invest in Apex Service Partners, a home services platform that partners with and supports HVAC, plumbing, and electrical service companies, according to press releases. Financial terms were not disclosed.
Apollo is advised by JP Morgan, William Blair & Co and Akin Gump Strauss Hauer & Feld. Alpine Investors and Apex Service Partners are advised by Evercore, Goldman Sachs and Kirkland & Ellis. Alpine Investors is advised by Edelman (led by Jordan Niezelski), according to press releases.
Hg Capital, an investor in European and transatlantic technology and services businesses, completed a $500m investment in Rightsline, a provider of rights and royalties management software for IP-intensive industries, according to press releases.
Hg Capital was advised by RBC Capital Markets, Latham & Watkins and PricewaterhouseCoopers. Rightsline was advised by AQ Technology Partners, Brown Rudnick and Goodmans, according to press releases.
Tractor Supply, a specialty retail chain company, completed the acquisition of VIP Petcare, a provider of preventive, non-emergency veterinary clinics, from Bansk Group-backed PetIQ, a manufacturer of health and wellness products, according to press releases. Financial terms were not disclosed.
Tractor Supply Company was advised by Centerview Partners and Sidley Austin. Bansk Group was advised by William Blair & Co, Davis Polk & Wardwell and Joele Frank (led by Woomi Yun and Erik Carlson), according to press releases.
Frazier Healthcare Partners, a private equity investment firm, completed the acquisition of Altruix, a pharmaceutical company, from WindRose Health Investors, the New York-based healthcare private equity firm, according to press releases. Financial terms were not disclosed.
WindRose Health Investors was advised by Cantor Fitzgerald, Houlihan Lokey, Latham & Watkins and Llorente Y Cuenca (led by Joanne Lessner). Frazier Healthcare Partners was advised by Goodwin Procter, according to press releases.
AlixPartners, a global consulting firm, agreed to acquire KSV Advisory, a restructuring advisory boutique, according to press releases. Financial terms were not disclosed.
KSV is advised by Ernst & Young and Wildeboer Dellelce. AlixPartners is advised by PricewaterhouseCoopers, Stikeman Elliott and Willkie Farr & Gallagher (led by Adam M. Turteltaub), according to MergerLinks data and press releases.
Sixth Street, a global investment firm, completed the acquisition of Park Hyatt Beaver Creek Resort & Spa of Braemar Hotels & Resorts, a publicly traded real estate investment trust, for $176m, according to press releases.
Sixth Street was advised by Eastdil Secured, Brownstein Hyatt Farber Schreck and Latham & Watkins. Braemar Hotels & Resorts was advised by CBRE Group. Debt financing was provided by Starwood Capital, according to press releases.
An investor consortium including Prudential Financial, a financial services company, and Warburg Pincus, a private equity firm, led a $1.9bn funding round in Prismic Life, a global reinsurance platform, according to press releases.
Prismic Life was advised by PGIM Private Capital, RBC Capital Markets, Appleby and Willkie Farr & Gallagher (led by David Luce), according to MergerLinks data and press releases.
Lovell Minnick-backed Xactus, a fintech specializing in verification solutions for the mortgage and financial services industries, completed the acquisition of the Mortgage Credit Link platform of MeridianLink, a technology company that provides cloud-based digital lending and account opening software for financial institutions, according to press releases. Financial terms were not disclosed.
Xactus was advised by JP Morgan, McDonald Hopkins and Kirkland & Ellis. Lovell Minnick was advised by Prosek Partners, according to press releases.
Periscope Equity completes the investment in Amusement Connect.
Periscope Equity, a private equity firm, completed the investment in Amusement Connect, a provider of cashless payment and arcade management solutions that allow entertainment venues to replace physical coins and tokens with reloadable digital game cards and mobile wallets, according to press releases. Financial terms were not disclosed.
Periscope Equity was advised by Bigelow and MiddleM Creative (led by Jan Morris). Debt financing was provided by Western & Southern Financial, according to press releases.
I Squared Capital, a private equity firm, to acquire ten data centers from Cogent Communications, a multinational internet service provider, for $225m, according to press releases.
I Squared Capital is advised by TVG Consulting, Kirkland & Ellis and FTI Consulting, according to press releases.
Bregal Sagemount, a private equity firm, completed the investment in LSPedia, a provider of mission-critical compliance, traceability, and supply chain software to the pharmaceutical industry, according to press releases. Financial terms were not disclosed.
Bregal Sagemount was advised by Goodwin Procter. LSPedia was advised by Koley Jessen, according to press releases.
Voltera, an electric mobility infrastructure company, agreed to merge with Revel, an electric mobility infrastructure company providing public charging networks. As part of the transaction, EQT will hold a majority stake in the combined company, with Global Infrastructure Partners, part of BlackRock, retaining a minority stake, according to press releases. Financial terms were not disclosed.
Voltera is advised by Antenna Group (led by Tori Bentkover), according to press releases.
a16z, a venture capital firm in Silicon Valley, California, led a $250m Series C round in Exa, a San Franscisco-based startup focused on building a search engine for AI agents, with participation from Benchmark, Lightspeed, and YC, according to press releases.
Exa was advised by Latham & Watkins (led by Eli Curi), according to press releases.
Anthropic, Blackstone, and Hellman & Friedman-backed AI-native enterprise services firm, a company specializing in AI‑driven enterprise transformation, completed the acquisition of Fractional AI, an applied AI services firm focused on end‑to‑end enterprise AI implementation, according to press releases. Financial terms were not disclosed.
Hellman & Friedman was advised by FGS Global, according to press releases.
Astorg-backed CordenPharma, a global contract development and manufacturing organization, agreed to acquire AmbioPharm, a pharmaceutical manufacturing company specializing in peptide drug ingredients, according to press releases. Financial terms were not disclosed.
AmbioPharm is advised by BNP Paribas, according to press releases.
1789 Capital, an investment firm, completed an investment in Starlab, a space station developer, according to press releases. Financial terms were not disclosed.
The existing investors, including Strike Capital, Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, Bond, Lux and others, led a $250m Series F round in Stord, a cloud supply chain firm, according to press releases.
Aquarian seeks additional backers for $4.1bn Brighthouse acquisition. ( Bloomberg)
Aquarian Holdings is seeking more investors to support its acquisition of Brighthouse Financial following a roughly $3bn financing commitment from Mubadala Capital.
The company has also worked with FocusPoint Private Capital Group to secure funding commitments from high-net-worth individuals for part of the transaction.
CVC strikes $1.5bn deal for GoDaddy rival Namecheap. ( Bloomberg)
CVC has agreed to acquire web hosting and domain services provider Namecheap in a deal valued at about $1.5bn.
Founder and chief executive Richard Kirkendall is expected to retain a significant stake in the Arizona-based company following the transaction.
GFL, Secure win shareholder OK for merger in defeat for Abrams. ( Bloomberg)
GFL Environmental and Secure Waste Infrastructure have received shareholder approval for their proposed merger, despite opposition from investor Abrams Capital Management.
A significant majority of votes cast at a special meeting supported the transaction, with about 140m shares in favor and 35m against. The companies are expected to release final voting results in due course.
Itausa, GIC and Equipav form group to bid for Copasa stake. ( Bloomberg)
Itausa, Singapore sovereign wealth fund GIC and Equipav Saneamento are planning a joint bid to become strategic investors in Copasa’s privatization process.
The consortium is expected to split the required capital equally, while Aegea Saneamento is also set to participate with a minority stake.
Greenbriar-backed Applied Aerospace seeks $682.5m in IPO. ( Bloomberg)
Applied Aerospace & Defense, a space and defense engineering company backed by Greenbriar Equity Group, is seeking to raise up to $682.5m in an initial public offering.
The Huntsville, Alabama‑based firm plans to offer 32.5m shares at a price range of $18 to $21 each. At the top of the range, the company would have a market value of about $3.6bn based on the outstanding shares listed in its filing with the US Securities and Exchange Commission.
EMEA
Colliers, a Canada-based diversified professional services and investment management company, completed the acquisition of Ayesa Engineering, the engineering division of Ayesa, a global provider of technology and engineering services, from A&M Capital, a pan-European private equity firm, and the Manzanares family, for €600m, according to press releases.
Ayesa Engineering was advised by Ernst & Young and Alvarez & Marsal. Colliers was advised by Alantra, Corrs Chambers Westgarth (led by Felicity Saxon) and Uria Menendez (led by Juan Carlos Machuca). Ayesa, A&M Capital Europe and the Manzanares family were advised by Robert W Baird, Arcano Partners, Perez Llorca and Weil Gotshal and Manges (led by Simon Lyell). A&M Capital Europe was also advised by Roland Berger and Khaitan & Co, according to press releases and MergerLinks data.
Highlander Partners-backed MONZA-ARES, a Romanian operator of specialized cardiology health centers, agreed to merge with Brain Institute, a Romanian private medical center specializing in advanced cerebral neurosurgery, ENT, and robotic spine surgery, according to press releases. Financial terms were not disclosed.
MONZA-ARES is advised by Quest Partners, TS Partners, Radu Taracila Padurari Retevoescu and Contradiction. Debt financing is provided by Raiffeisen. Brain Institute is advised by Mitel & Partners and Taxhouse, according to press releases.
Aermont Capital, a European asset management group, agreed to acquire the UK assets from Sun Communities, a real estate investment trust, for £768m ($1.03bn), according to press releases.
Aermont Capital is advised by Rothschild & Co and Macfarlanes. Sun Communities is advised by Lazard, Jones Day (led by Vica Irani) and Taft Stettinius & Hollister, according to MergerLinks data and press releases.
Hypax, a private equity investment firm, agreed to acquire Powerbox Group, a provider of advanced power conversion solutions for demanding applications, from Cosel, a manufacturer specializing in power supplies and emi filters, according to press releases. Financial terms were not disclosed.
Hypax is advised by Delphi and Taylor Wessing (led by Thorsten Seidel). Cosel is advised by Miura & Partners (led by Haruka Murata) and Setterwalls Advokatbyra (led by Mattias Detterfelt), according to MergerLinks data and press releases.
Avista Healthcare Partners, a private equity firm, and Damier Group, a Belgium‑based family office focused on consumer health platforms, agreed to acquire sanotact, a German vitamins, minerals, and supplements company, from FLOTTE, an investment arm of the Piëch-Nordhoff family, according to press releases. Financial terms were not disclosed.
Avista Healthcare Partners is advised by White & Case, Kekst CNC (led by Daniel Yunger). FLOTTE is advised by Alantra and CMS Legal, according to press releases.
Arsenal Capital Partners, a private equity firm, agreed to acquire a majority stake in Velcro, a global manufacturer of hook‑and‑loop fastening systems, according to press releases. Financial terms were not disclosed.
Arsenal Capital Partners is advised by Piper Sandler and Kirkland & Ellis. Velcro is advised by Greenhill & Co and Mayer Brown, according to press releases.
Oakley Capital, a private equity firm, agreed to acquire a majority stake in XTEL, a provider of revenue management and trade promotion software for consumer packaged goods companies, from Bain Capital and SilverTree, private equity firms, for £33m ($44m), according to press releases.
Maxburg, an investment management company, completed the acquisition of a majority stake in Scora Liquidity, a provider of B2B receivables management services, according to press releases. Financial terms were not disclosed.
Scora Liquidity was advised by Clearwater (led by Axel Oltmann). Maxburg was advised by Baker Tilly (led by Uwe Roth) and POELLATH (led by Gerald Herrmann), according to MergerLinks data and press releases.
A consortium of investors including RWE, Federal Agency for Breakthrough Innovation SPRIN-D, EIC Fund, and Prime Movers Lab, led a $240m Series A round in Focused Energy, a German-American deep-tech company developing commercial laser-driven nuclear fusion power plants, according to press releases.
Focused Energy was advised by Fink & Fuchs (led by Patrick Rothwell), according to press releases.
DigitalBridge and Aberdeen Investments, investment firms specializing in infrastructure and energy‑transition assets, completed the acquisition of Velian, an e‑mobility company, from Equans, a business focused on scalable, sustainable EV charging infrastructure, according to press releases. Financial terms were not disclosed.
Velian was advised by Teneo, according to press releases.
EW Healthcare Partners-backed Grundium, an advanced digital scanning firm, completed the acquisition of Visiopharm, an AI-driven precision pathology software company, according to press releases. Financial terms were not disclosed.
Stoneshield Capital, an investment firm, agreed to acquire a 15% stake in Exolum, a global energy logistics company, from OMERS, a Canadian pension plan investor, according to press releases. Financial terms were not disclosed.
NVentures, NVIDIA's corporate venture capital arm, completed an investment in Alice & Bob, a French quantum computing startup, according to press releases. Financial terms were not disclosed.
CVC sells Naturgy stake for $3.57bn. ( WSJ)
CVC Capital Partners has sold its stake in Naturgy Energy Group, raising €3.07bn ($3.57bn), weeks after BlackRock exited its investment in the Spanish energy company.
Rioja Acquisition, a vehicle controlled by CVC, sold an 11.08% stake in Naturgy at €28.55 ($33.2) per share. The price represents a discount of about 4.6% to the company’s prior closing price.
Uber buys Aspex stake in Delivery Hero after takeover offer. ( Bloomberg)
Uber Technologies has acquired Delivery Hero shares from Aspex Management, increasing its stake to 36.83% as it negotiates a potential acquisition of the business.
Uber raised its voting rights to 24.99%, with the remainder of the position held through financial instruments, remaining below the threshold that would trigger a mandatory takeover offer. The company paid just under €40 ($46.5) per share for the stake.
Lone Star explores sale of German lender IKB. ( Bloomberg)
Lone Star Funds is exploring a potential sale of IKB Deutsche Industriebank nearly 20 years after acquiring the German lender.
The process has attracted early interest from potential bidders including France’s Credit Agricole.
FountainVest explores sale of Swiss micro-tools maker SPT. ( Bloomberg)
FountainVest is considering a sale of Swiss manufacturer Small Precision Tools in a deal that could value the business at up to $1bn.
The company has attracted interest from Chinese strategic buyers and industrial-focused investment funds.
United Group founder sues BC Partners firms over news assets. ( Bloomberg)
The founder of United Group has filed a lawsuit in the UK against entities backed by BC Partners in an effort to block a potential sale of the company’s news business, escalating a dispute over the telecoms and media group.
Entities controlled by Dragan Šolak and former chief executive Victoriya Boklag allege that BC Partners has initiated a process to sell part of the business to Alpac Capital without the required consent under a shareholder agreement. The transaction has not been completed and has not been formally announced.
Italian state investor CDP to raise stake in payments group Nexi. ( Reuters)
CDP Equity plans to increase its stake in Nexi to as much as 29.9%, from about 19.1%, as the Italian state investor seeks to strengthen its position in the payments group. The move will be executed partly through derivative contracts covering 8% of Nexi’s capital, alongside potential direct share purchases.
CDP ruled out a full takeover bid, instead aiming to stabilise Nexi’s shareholder base. The company, Europe’s largest payments processor by transaction volume, has faced share‑price pressure in recent years and has attracted private‑equity interest, including from CVC Capital Partners, amid ongoing disruption in the digital payments industry.
AtlasEdge gets €1.2bn in loans for European data centers. ( Bloomberg)
AtlasEdge, backed by Liberty Global and DigitalBridge, has secured more than €1.2bn ($1.4bn) in financing to expand artificial intelligence infrastructure across underserved regions in Europe.
The company obtained a €738m ($858.7m) loan to refinance existing debt and secured an additional €500m ($581.7m) in uncommitted financing from banks, including Goldman Sachs, ING, and UniCredit.
EQT names Macksey and Gopalakrishnan Asia private equity co-heads. ( Bloomberg)
EQT has appointed Nicholas Macksey and Hari Gopalakrishnan as co-heads of its Asia private equity business, positioning a new leadership team to oversee deployment of the firm’s $15.6bn regional fund.
The pair succeeds Jean Eric Salata, who became global chairman of EQT in May 2026 and will continue to chair the region’s private capital investment committees while focusing on broader strategic priorities.
APAC
Jardine Matheson, a multinational enterprise with a portfolio of businesses focused primarily on Asia and grouped into eight core companies, agreed to acquire I-MED, a healthcare provider specializing in diagnostic imaging services, from Permira Advisers, a private equity firm, for AUD3.4bn ($2.4bn), according to press releases.
I-MED is advised by Jefferies and Mallesons, according to press releases.
Atlas Arteria's independent expert finds IFM Global's offer not fair or reasonable. ( Reuters)
The expert’s assessment aligns with Atlas Arteria’s view that the proposal does not adequately reflect the company’s value.
Stonepeak and the Lim family to weigh withdrawing Yinson bid. ( Bloomberg)
Yinson Holdings’ founding Lim family and Stonepeak Partners are considering withdrawing plans to take the company private.
The group had been preparing an offer valued at around MYR8bn ($2bn) for the Kuala Lumpur-listed company over the past year. A final decision could be made soon, though discussions remain ongoing.
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