Einride goes public via a SPAC merger with Legato Merger III at a valuation of $1.35bn.

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AMERICAS

Catchment Capital completes the acquisition of Isolatek International from SK Capital Partners.

Catchment Capital, a private equity firm, completed the acquisition of Isolatek International, a building materials company that provides fireproofing materials, from SK Capital Partners, a private investment firm, according to press releases. Financial terms were not disclosed.

Catchment Capital was advised by RBC Capital Markets, Gibson Dunn & Crutcher (led by Alexander Fine) and Gasthalter & Co (led by Mark Semer). Debt financing was provided by JP Morgan and Lord Abbett. SK Capital Partners was advised by Evercore and Goodwin Procter, according to press releases and MergerLinks data.

Robseek Intelligence to go public via SPAC merger with QuasarEdge Acquisition Corporation.

Robseek Intelligence, a company focused on developing a “device + data + artificial intelligence + service” ecosystem, agreed to go public via SPAC merger with QuasarEdge Acquisition Corporation, a blank check company formed for the purpose of effecting a merger, according to press releases. Financial terms were not disclosed.

QuasarEdge is advised by Celine & Partners and Ogier. Robseek Intelligence is advised by Chain Stone Capital Limited, Guantao Law Firm, Harney Westwood & Riegels and Torres & Zheng at Law, according to press releases.

Hubbell completes the acquisition of NSI Industries from Sentinel Capital Partners for $3bn.

Hubbell, a manufacturer of utility and electrical solutions, completed the acquisition of NSI Industries, a manufacturer and supplier of branded electrical products, from Sentinel Capital Partners, a private equity firm, for $3bn, according to press releases.

NSI Industries was advised by Lincoln International (led by Robert Reifman and Sean Bennis) and Kirkland & Ellis (led by Andrew Arons, Drew Grabel and Oliver Yee). Hubbell was advised by Harris Williams & Co (led by John Arendale) and Wachtell Lipton Rosen & Katz (led by Joshua Cammaker). Sentinel Capital Partners was advised by Broadgate Consultants (led by Roland Tomforde), according to press releases and MergerLinks data.

Figure and Sixth Street to acquire Kiavi for $717m.

Figure, a provider of a range of financial products and services, and Sixth Street, a private equity company, agreed to acquire Kiavi, a provider of digital financing for real estate investors, for $717m, according to press releases.

Kiavi is advised by Jefferies & Company and Wilson Sonsini Goodrich & Rosati. Figure is advised by Latham & Watkins. Sixth Street is advised by Barclays and Wachtell Lipton Rosen & Katz, according to press releases and MergerLinks data.

Partners Capital and Kainos Capital complete the acquisition of Super-Sod from Heartwood Partners.

Partners Capital and Kainos Capital, private equity firms, completed the acquisition of Super-Sod, a supplier of turfgrass products and landscaping solutions, from Heartwood Partners, a middle-market private equity firm, according to press releases. Financial terms were not disclosed.

Kainos Capital was advised by Robert W Baird, Weil Gotshal and Manges and Gasthalter & Co (led by Mark Semer). Super-Sod and Heartwood Partners were advised by Harris Williams & Co and Finn Dixon & Herling, according to press releases.

Chase Corporation completes the acquisition of Sheldahl from Flex.

Chase Corporation, a global provider of engineered materials for high-reliability applications, completed the acquisition of Sheldahl, a designer and manufacturer of specialized coated films, laminates, and flexible circuit technologies for aerospace, automotive, industrial, and medical markets, from Flex, a major Singaporean-American multinational company that specializes in electronics manufacturing services and original design manufacturing, according to press releases. Financial terms were not disclosed.

Chase Corporation was advised by Kirkland & Ellis and Corporate Communications. Flex was advised by Guggenheim Partners and Fredrikson & Byron, according to press releases.

Precision Production Management completes a management buyout of Precision Production from Spell Capital Partners.

Precision Production Management completed a management buyout of Precision Production, a provider of custom precision machining services for businesses, from Spell Capital Partners, a private equity and mezzanine investment manager, according to press releases. Financial terms were not disclosed.

Precision Production Management was advied by Signet Capital Advisors and McDonald Hopkins. Debt financing was provided by First National Bank and Oxer Capital, according to press releases.

HousingWire completes the acquisition of Keeping Current Matters.

HousingWire, a digital media and information company serving housing-industry professionals with news, market data and analytical reporting, completed the acquisition of Keeping Current Matters, a provider of subscription-based real-estate marketing content, according to press releases. Financial terms were not disclosed.

Keeping Current Matters was advised by Monhegan Partners, Newport LLC and Miller Law Firm, according to press releases.

TDK to acquire Fabric8Labs for $400m.

TDK, a multinational electronics company that specializes in the manufacture and sale of electronic components, modules, and systems, agreed to acquire Fabric8Labs, an electrochemical additive manufacturing platform and related manufacturing services, for $400m, according to press releases.

TDK is advised by GTK Partners and Baker McKenzie, according to press releases.

RoboStrategy lead a $200m Series C round in Standard Bots.

RoboStrategy, a closed-end, actively managed fund that invests in private and public robotics and embodied AI companies, led a $200m Series C round in Standard Bots, a provider of six-axis programmable robot arms and complementary AI software for industrial automation, with participation from General Catalyst, Amazon, Samsung Next, Box Group, and GiantLeap Capital, according to press releases.

Standard Bots was advised by Bal Strategic Partners and Optimal PCA, according to press releases.

Arcline-Backed DwyerOmega completes the acquisition of Lake Shore Cryotronics.

Arcline-Backed DwyerOmega, a global manufacturer of precision measurement and control solutions, completed the acquisition of Lake Shore Cryotronics, a manufacturer of temperature and magnetic-field measurement and control instruments, according to press releases. Financial terms were not disclosed.

DwyerOmega was advised by Houlihan Lokey and Joele Frank (led by Tim Ragones), according to press releases.

Viking Global Investors lead a $100m Series E round in GT Medical Technologies.

Viking Global Investors, an investment management company, led a $100m Series E round in GT Medical Technologies, a medical device company dedicated to improving the lives of patients with brain tumors, with participation from MVM Partners, Gilde Healthcare, Evidity Health Capital, Medtech Venture Partners and FemHealth Ventures, according to press releases.

GT Medical Technologies was advised by New Dawn Communications (led by Dawn Fallon), according to press releases.

Mile Marker completes the acquisition of LIFT Agency.

Mile Marker, an independent omnichannel media agency, completed the acquisition of LIFT Agency, a marketing services provider, according to press releases. Financial terms were not disclosed.

Mile Marker was advised by Middle 8 Media (led by Hank Kim), according to press releases.

Advent International-backed Xplor Technologies completes the acquisition of Bitlancer.

Advent International-backed Xplor Technologies, a provider of software, payments, and intelligent capabilities for everyday life businesses, completed the acquisition of Bitlancer, a technology partner specializing in payroll automation and AI-powered tools purpose-built for fitness operators, according to press releases. Financial terms were not disclosed.

Xplor Technologies was advised by Reed Smith, according to press releases.

Activist Ancora builds stake in Ashland, pushes for sale. (Reuters)

Ancora Alternatives has built a significant stake in Ashland and is urging the company to pursue a sale, arguing that a transaction could increase its share price by at least 30%.

The activist investor said it is prepared to launch a proxy fight if there is no meaningful progress toward a potential sale by the time the director nomination window opens in September 2026.

ADNOC eyeing Canada upstream and LNG opportunities via XRG arm. (Reuters)

Abu Dhabi National Oil Company is exploring investment opportunities in Canada’s upstream oil and gas and liquefied natural gas sectors through its international investment arm, XRG.

Speaking at the Global Energy Show in Calgary, the company said it is evaluating opportunities in the Canadian energy market and expressed optimism about the country’s renewed focus on energy development. No specific investment targets have been identified publicly.

Modular power systems company ERock raises $600m in IPO. (Bloomberg)

ERock has raised $600m in a US initial public offering after pricing its shares at $21.50 each, the midpoint of its marketed range.

The Houston-based company sold 27.9m shares and had marketed the offering at $20 to $23 per share. ERock provides modular power systems for data centers and other industrial sectors, positioning itself to benefit from growing demand for power infrastructure.

Apotex, backers raise $932m in Canada IPO priced at top. (Bloomberg)

Apotex Health and certain existing shareholders have raised CAD1.3bn ($932m) in a Toronto initial public offering, marking Canada’s largest listing since 2021.

The generic drug manufacturer priced the offering at CAD24 ($17.2) per share, the top of its marketed range of CAD20 ($14.3) to CAD24 ($17.2). Apotex sold 35.4m shares, while selling shareholders divested approximately 18.8m shares after increasing the size of the offering.

Drugmaker Parabilis raises $745m in US IPO. (Bloomberg)

Parabilis Medicines has raised nearly $745m through an upsized US initial public offering and a concurrent private placement. The Cambridge, Massachusetts-based drug developer sold 33.5m shares at $20 each in the IPO, generating $670m in proceeds.

The offering was priced above its marketed range of $17 to $19 per share after the company increased the size of the deal earlier in the process.

EMEA

General Atlantic led a €1bn Series F round in ICEYE.

General Atlantic, a global growth equity firm, led a €1bn ($1.15bn) Series F round in ICEYE, a Finnish microsatellite manufacturer providing synthetic aperture radar satellite operations, with participation from Solidium, Tesi, Varma, Ilmarinen, Lifeline Ventures, Nokia, Qatar Investment Authority and TCV, according to press releases.

General Atlantic was advised by Paul Weiss Rifkind Wharton & Garrison (led by Oliver Marcuse), according to MergerLinks data.

Island Green Capital and Molten Ventures lead a €270m Series D round in Isar Aerospace.

Island Green Capital, a venture capital and private equity firm, and Molten Ventures, a venture capital firm, led a €270m ($311m) Series D round in Isar Aerospace, a space technology company, with participation from HV Capital, Lakestar, UVC Partners and KfW Capital, according to press releases.

Isar Aerospace is advised by Eden Global Partners, according to press releases.

Boots in talks over $10bn sale as owners look to ditch IPO plan. (FT)

Boots is in talks over a potential $10bn sale with bidders including the Weston family and Sigma Healthcare, in a transaction that could end plans for a London initial public offering.

Sycamore Partners, which acquired Boots through its $23.7bn takeover of Walgreens Boots Alliance in 2025, began discussions with potential strategic buyers before Easter. Negotiations have advanced with the Canadian branch of the Weston family, which owns grocery retailer Loblaws and pharmacy chain Shoppers Drug Mart through Wittington Investments. Discussions remain ongoing and may not result in a finalized transaction.

VodafoneThree enters the race for TalkTalk customers with takeover bidding. (FT)

Vodafone has submitted a bid for the consumer broadband business of TalkTalk, joining a competitive auction as it seeks to expand its presence in the home internet market.

VodafoneThree was among several parties to submit second-round offers for the business last week. Analysts at New Street Research have estimated the value of TalkTalk’s consumer division at between £200m ($267m) and £300m ($400m). Discussions remain ongoing and may not result in a transaction.

KKR consortium in talks about fresh £5bn-plus offer for energy group DCC. (SkyNews)

A consortium comprising KKR and Energy Capital Partners is in detailed discussions to acquire DCC in a deal that could value the company at more than £5bn ($6.7bn).

The consortium is reportedly negotiating an offer of around £65 ($86.9) per share, an increase from its earlier £58 ($77.6) proposal that DCC rejected in April 2026 because it undervalued the company and its prospects. Discussions remain ongoing and may not result in a finalized transaction.

UniCredit, Commerzbank keep up data fight as take-up reaches 10.9%. (Reuters)

UniCredit said acceptances for its takeover offer for Commerzbank reached 10.9%, as the two lenders continued to clash over the level of shareholder support for the proposed transaction.

Commerzbank said it had not identified any institutional investors that had tendered shares into the offer, arguing that the submitted shares largely came from banks that also serve as derivatives counterparties to UniCredit rather than investors expressing support for the bid.

Einride joins US-listed driverless trucking rivals on Nasdaq. (Bloomberg)

Einride is set to begin trading in New York on June 10, as the driverless truck developer looks to capitalize on growing investor interest in advanced technology companies.

Chief executive Roozbeh Charli stated that the anticipated initial public offering of SpaceX is expected to draw greater attention to deep-tech businesses and broader technological shifts, potentially benefiting companies such as Einride seeking access to public markets.

APAC

BizLink to acquire Interplex Datacom from Ennovi for up to $900m.

BizLink, a global technology company, agreed to acquire Interplex Datacom, a manufacturer of custom interconnect and mechanical solutions for data center infrastructure, from Ennovi, a provider of mechanical and electrical interconnect solutions, for up to $900m, according to press releases.

BizLink is advised by Citigroup, EY Parthenon and Baker McKenzie. Debt financing is provided by Citigroup. Blackstone is advised by Deloitte, JP Morgan and Freshfields, according to press releases.

Amwins Group and Dragoneer Investment Group to acquire Steadfast Group for AUD7.7bn.

Amwins Group, a global distributor of specialty insurance products and services, and Dragoneer Investment Group, a growth-oriented public and private investor, offered to acquire Steadfast Group, a general insurance broker and underwriting agency group, for AUD7.7bn ($5.4bn), according to press releases.

Steadfast Group is advised by Citigroup, Insight Capital Advisors, JP Morgan and Mallesons, according to press releases.

EnQuest to acquire interests in four offshore production sharing contracts in Malaysia from Petronas for up to $833m.

EnQuest, an independent energy company, agreed to acquire interests in four offshore production sharing contracts in Malaysia from Petronas, a Malaysian oil and gas company, for up to $833m, according to press releases.

EnQuest is advised by Standard Chartered Bank (led by Kamal Khullar and Oliver Piva) and Teneo (led by Harry Cameron and Martin Robinson). Debt financing is provided by Peel Hunt (led by David McKeown), according to press releases.

Asics will spin off trendy shoe brand Onitsuka Tiger. (Bloomberg)

Asics has approved plans to spin off its Onitsuka Tiger business into a separate subsidiary as the heritage footwear brand benefits from rising global demand for retro sneakers and increased tourism spending in Japan.

The company will transfer the business to OT GROUP, a wholly owned subsidiary, through an absorption-type company split. The transaction is expected to be completed on January 1, 2027.

Apollo hunts for Japanese life insurer to boost growth. (FT)

Apollo Global Management is exploring the acquisition of a Japanese life insurance company as part of its strategy to expand its asset management business in Asia.

The New York-based firm has held preliminary discussions with advisers and potential targets, although no formal bids have been submitted. Apollo is particularly focused on mid-sized Japanese life insurers that could benefit from its investment capabilities and access to global capital markets. Discussions remain at an early stage and may not result in a transaction.

Top Australia gold miner rejects Elliott's proposed company sale. (Bloomberg)

Northern Star Resources has rejected a proposal from activist investor Elliott Investment Management to divest smaller assets or pursue a sale of the company.

Elliott, which recently built a 3% to 4% stake in the miner, had called for a strategic review that included evaluating a potential sale. The proposal followed several guidance cuts by Northern Star in 2025, driven by operational issues at its Kalgoorlie processing mill.

Nippon Steel gets JPY90bn via first bond since US steel. (Bloomberg)

Nippon Steel has raised JPY90bn ($560m) through its first straight-bond offering since completing the acquisition of United States Steel.

The multi-tranche issuance included a 10-year bond carrying a 3.202% coupon, the highest rate paid by the company on a bond offering in approximately three decades.

Ant International considers raising $1bn to boost growth. (Bloomberg)

Ant International is considering raising around $1bn to support its expansion plans. The international arm of Ant Group has been sounding out investor interest, including from existing shareholders General Atlantic and Silver Lake.

A potential funding round could value the business at $10bn or more. Discussions remain ongoing, and the terms have not been finalized.

Ambani-backed robot startup seeks $100m to lead in India. (Bloomberg)

Addverb Technologies is seeking to raise more than $100m as it looks to strengthen its position as one of India’s leading robotics manufacturers.

The fundraising would provide additional capital to support the company’s growth as demand for automation and warehouse robotics solutions continues to expand across India and international markets.

Meta ties up with Reliance for an AI data centre in India. (Press Release)

Meta Platforms has partnered with Reliance Industries to develop its first artificial intelligence-enabled data center in India. Reliance will build a 168MW data center in Jamnagar, Gujarat, which Meta will lease with options to expand capacity over time.

The investment reflects Meta’s efforts to strengthen its infrastructure footprint in one of its largest markets, supported by India’s rapidly growing digital economy and user base.

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