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Dundee Precious Metals, a gold mining company, completed the acquisition of Adriatic Metals, a precious and base metals mining company, for $1.3bn, according to press releases.
Madison Dearborn Partners, a private equity investment firm, agreed to acquire a significant majority of NFP's wealth business from Aon, a global professional services firm, for $2.7bn, according to press releases.
Madison Dearborn Partners is advised by Goldman Sachs, Kirkland & Ellis, Paul Weiss Rifkind Wharton & Garrison and H/Advisors Abernathy (led by Deven Anand). Aon is advised by Moelis & Co, UBS, Dentons and Skadden Arps Slate Meagher & Flom, according to press releases and MergerLinks data.
ORIX, an alternative asset management, investment, and lending firm, completed the acquisition of a majority stake in Hilco Global, a diversified global financial services firm, according to press releases. Financial terms were not disclosed.
Hilco Global was advised by JP Morgan, Greenberg Traurig, Kirkland & Ellis, Weil Gotshal and Manges (led by Trey Muldrow) and Prosek Partners (led by Andy Merrill). ORIX was advised by Davis Polk & Wardwell (led by Michael Davis) and Prosek Partners (led by Trevor Gibbons), according to MergerLinks data and press releases.
Deal Round up
AMERICAS
Blockchain lender Figure seeks up to $4.1bn valuation in US IPO. ( Reuters)
Transit tech firm Via Transportation targets up to $3.5bn valuation in US IPO. ( Reuters)
EMEA
Saudi Prince Alwaleed in talks with PIF to acquire Al Hilal FC. ( Bloomberg)
Abu Dhabi Al firm G42 to sell down 2% Stake in Presight. ( Bloomberg)
Freenet said to mull options for streaming platform Waipu.TV. ( Bloomberg)
Arms, ammunition maker Czechoslovak Group considering public offering. ( Reuters)
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FINANCIAL ADVISORS
PR ADVISORS
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AMERICAS
Grant Thornton Advisors, an independent audit and assurance, tax and advisory firm, completed the acquisition of Auxis, a management consulting and outsourcing firm, according to press releases. Financial terms were not disclosed.
Auxis was advised by Clearsight Advisors and Holland & Knight. Grant Thornton was advised by Robert W Baird, Ice Miller, Simpson Thacher & Bartlett (led by Ben Schaye and Daisy Wu) and UB Greensfelder, according to MergerLinks data and press releases.
STG, a private equity firm, completed the acquisition of Yodlee, an open finance, data aggregation, and analytics firm, from Envestnet, an American financial technology corporation, according to press releases. Financial terms were not disclosed.
STG was advised by Jefferies & Company, KPMG, RBC Capital Markets and Paul Hastings (led by Dana Kromm). Envestnet was advised by Bank of America and Ropes & Gray (led by Jessica F. Cooney and Thomas Fraser), according to MergerLinks data and press releases.
TBO, a global travel distribution platform, agreed to acquire Classic Vacations, a provider of luxury vacation planning services, from The Najafi Companies, a private equity firm, for $125m, according to press releases.
TBO is advised by Cooley and PricewaterhouseCoopers. Classic Vacations is advised by Moelis & Co and Ballard Spahr. The Najafi Companies is advised by Lavidge, according to press releases.
Neuberger Berman, an investment firm, agreed to invest in Sphera, a provider of integrated operational risk management software and data, according to press releases. Financial terms were not disclosed.
Neuberger Berman is advised by Harris Williams & Co and Latham & Watkins. Sphera and Blackstone are advised by Evercore, William Blair & Co and Simpson Thacher & Bartlett, according to press releases.
Yugo, a student housing brand and operator, completed the acquisition of Campus Advantage, a student housing property management business and real estate investment management firm, according to press releases. Financial terms were not disclosed.
Yugo was advised by TD Securities, Greenberg Traurig, FGS Global and PricewaterhouseCoopers, according to press releases.
Macquarie Asset Management, a financial services firm, agreed to acquire an additional 9% stake in US Gulf Coast infrastructure assets of Dow, a materials science company, for $540m, according to press releases.
Macquarie Asset Management is advised by BMO Capital Markets and Sidley Austin. Dow is advised by Citigroup, according to press releases and MergerLinks data.
MidOcean Partners-backed SI Solutions, a provider of mission-critical engineering, construction, testing, and maintenance services, completed the acquisition of Integrity Specialists, a critical provider of advanced non-destructive examination and inspection for the natural gas pipeline industry, according to press releases. Financial terms were not disclosed.
Integrity Specialists was advised by Bridgepoint Investment Banking and Fafinski Mark & Johnson. SI Solutions was advised by Clark Hill, according to press releases.
Vision Ridge Partners, a global sustainable real assets investor, completed a $250m investment in VEMO, a company focused on the clean mobility transition, according to press releases.
VEMO was advised by CarralSierra (led by Joselin Pérez). Vision Ridge was advised by Gasthalter & Co (led by Amanda Shpiner), according to press releases.
Mill Point Capital-backed AeriTek, a commercial refrigeration and foodservice equipment manufacturer, completed the acquisition of Due North, a manufacturer of commercial refrigeration solutions, according to press releases. Financial terms were not disclosed.
AeriTek was advised by Blake Cassels & Graydon and McDermott Will & Schulte, according to press releases.
OpenAI, an American artificial intelligence organization, agreed to acquire Statsig, a provider of tools for A/B testing, feature management, and product analytics to help teams optimize product development, for $1.1bn, according to press releases.
ICONIQ, an investment management firm, led a $13bn Series F round in Anthropic, an AI safety and research company, with participation from Fidelity Management & Research Company and Lightspeed Venture Partners, according to press releases.
Apheon, a pan-European private equity investor, agreed to acquire Cain Foods, a manufacturer of clean label ingredients and custom mixes to commercial bakeries, according to press releases. Financial terms were not disclosed.
MillBio is advised by Houlihan Lokey, according to press releases and MergerLinks data.
Veritiv, a full-service provider of packaging solutions, completed the acquisition of the packaging distribution business from S. Walter Packaging, a provider of custom packaging solutions, according to press releases. Financial terms were not disclosed.
Veritiv was advised by McDermott Will & Schulte, according to press releases.
Varonis, a data security company, agreed to acquire SlashNext, an AI-based email security provider, for $150m, according to press releases.
Airwallex, a global financial platform, agreed to acquire OpenPay, a billing platform that offers subscription management, payment orchestration, and revenue analytics, according to press releases. Financial terms were not disclosed.
MediSpend, a commercial compliance solutions provider, agreed to merge with RLDatix Life Sciences, a provider of comprehensive solutions in the life sciences industry, according to press releases. Financial terms were not disclosed.
Blockchain lender Figure seeks up to $4.1bn valuation in US IPO. ( Reuters)
Figure Technologies is seeking a valuation of up to $4.1bn through its initial public offering, positioning itself among the latest crypto-focused firms to test public markets. The company and some of its existing backers plan to sell 26.3m shares at a price range of $18 to $20, aiming to raise as much as $526.3m. Goldman Sachs, Jefferies and Bank of America are acting as lead underwriters on the deal.
The planned listing comes amid a pickup in institutional adoption of digital assets, supported by regulatory clarity and inflows into crypto-linked exchange-traded funds. Recent debuts from peers such as Bullish and Circle have also encouraged other companies in the sector to move forward with IPOs.
Transit tech firm Via Transportation targets up to $3.5bn valuation in US IPO. ( Reuters)
Via Transportation is targeting a valuation of up to $3.5bn in its initial public offering, positioning itself among a wave of companies planning listings on US exchanges this fall.
The transit technology company and some of its existing investors aim to raise as much as $471m by selling 10.7m shares at $40 to $44 each. The IPO comes as equity markets rally on strong tech earnings and rising expectations of near-term interest rate cuts, fueling renewed momentum for new listings.
EMEA
Syndigo, a product experience management solution provider, completed the acquisition of 1WorldSync, a provider of omnichannel product content solutions, according to press releases. Financial terms were not disclosed.
1WorldSync was advised by Lincoln International and Cooley. Syndigo was advised by UBS, Kirkland & Ellis and Walker Sands Communications, according to press releases.
Transaction Network Services, a provider of infrastructure-as-a-service solutions to the financial, communications and payments markets, agreed to acquire the Radianz business from BT Group, a provider of fixed and mobile telecommunications, according to press releases. Financial terms were not disclosed.
TNS is advised by Evercore and Jones Day. BT Group is advised by Citigroup and Bryan Cave Leighton Paisner (BCLP), according to press releases.
Ten Eleven, a venture capital, led a $320m Series B round in IQM Quantum Computers, a company that builds quantum computers, with participation from Tesi, Elo Mutual Pension Insurance, Varma Mutual Pension Insurance, Schwarz Group and Winbond Electronics Corporation, EIC and Bayern Kapital, accordng to press releases.
IQM Quantum Computers was advised by Goldman Sachs, according to press releases.
DEUTZ, a German internal combustion engine manufacturer, completed the acquisition of SOBEK, a developer and manufacturer of high-precision electric drive systems, according to press releases. Financial terms were not disclosed.
DEUTZ was advised by Taylor Wessing (led by Klaus Grossmann), according to press releases and MergerLinks data.
Saudi Prince Alwaleed in talks with PIF to acquire Al Hilal FC. ( Bloomberg)
Saudi billionaire Prince Alwaleed bin Talal is in discussions with the Public Investment Fund to acquire a controlling interest in Al Hilal Football Club, a move that would represent one of the most prominent privatization steps in Saudi Arabia’s football sector.
The Kingdom Holding founder is negotiating for PIF’s 75% stake in the club. A deal would underscore the country’s broader efforts to draw private capital into sports and entertainment assets.
Abu Dhabi Al firm G42 to sell down 2% Stake in Presight. ( Bloomberg)
Abu Dhabi-based artificial intelligence company G42 is planning to sell a stake of roughly $100m in Presight Al, joining a series of secondary share offerings in the emirate.
The company will offer around a 2% stake in the data analytics firm to institutional investors through an accelerated placement. After the transaction closes on September 4, G42 will continue to hold 68.5% of Presight’s shares.
Freenet said to mull options for streaming platform Waipu.TV. ( Bloomberg)
German telecom group Freenet is weighing strategic options for its television streaming platform Waipu.TV, which could fetch a valuation of up to €1.5bn ($1.7bn) in a potential deal.
The Frankfurt-listed company is considering an initial public offering for the platform, as some minority shareholders look to exit. Exaring, the Freenet-controlled operator of Waipu.TV, has been reviewing proposals from investment banks regarding a possible listing.
Arms, ammunition maker Czechoslovak Group considering public offering. ( Reuters)
Czechoslovak Group, the Czech defence company controlled by 33-year-old entrepreneur Michal Strnad, is weighing an initial public offering that could value it in the tens of billions of euros. The firm has grown rapidly since Russia’s 2022 invasion of Ukraine, becoming a major supplier of ammunition and military equipment to NATO members and Ukraine.
CSG is among Europe’s major artillery ammunition makers and expanded its global footprint with the $2.2bn acquisition of US-based Kinetic Group in 2024. It has also strengthened its heavy equipment division, producing artillery, armoured vehicles and trucks. The company stated it is in the early stages of reviewing strategic options to support further growth.
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