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Top Highlights
Fulgent Genetics, a technology-based company active in laboratory services and therapy development, completed the acquisition of selected assets of Bako Diagnostics, a national provider of specialty laboratory testing services, and StrataDx, a premier national diagnostic laboratory specializing in high-level anatomic pathology services, from Consonance Capital, a healthcare investment firm, for $56.9m, according to press releases.
Fulgent Genetics was advised by Piper Sandler, Mintz Levin and Blueshirt Group (led by Lauren Sloane). Bako Diagnostics and StrataDx were advised by EV Health Partners. Consonance Capital was advised by EV Health Partners and Latham & Watkins (led by Edmond R. Parhami and David Allinson), according to press releases and MergerLinks data.
Bain Capital, a private investment firm, completed an investment in Duravent Group, a climate technology manufacturer, according to press releases. Financial terms were not disclosed.
Bain Capital was advised by Jefferies & Company and Weil Gotshal and Manges (led by Timothy Burns and Ramona Nee). Duravent Group was advised by JP Morgan, Robert W Baird and Paul Hastings, according to press releases.
Nordic Capital, a private equity firm, agreed to acquire a majority stake in TradingHub, a provider of trade surveillance technology for global financial institutions, according to press releases. Financial terms were not disclosed.
Nordic Capital is advised by Simpson Thacher & Bartlett (led by James Howe, James Campisi and Alex Ward). TradingHub is advised by Evercore, according to press releases and MergerLinks data.
AMERICAS
Contango shareholders approve merger with Dolly Varden. (Press Release)
Rogers may sell stake in $18bn sports business to cut debt. ( Bloomberg)
Aegea could exceed $7.8bn valuation in Brazil IPO. ( Bloomberg)
Swarmer shares jump 700% after IPO debut. ( Bloomberg)
Disney names Josh D’Amaro CEO amid industry pressure. ( Bloomberg)
EMEA
Unilever considers separation of food assets. ( Bloomberg)
UniCredit urged to clarify intentions for Commerzbank. ( Reuters)
Talanx considers stake reduction in Amprion. ( Reuters)
APAC
Elliott takes 'significant' stake in Japan shipper Mitsui OSK. ( Reuters)
Jio may file IPO prospectus as early as March. ( Bloomberg)
Sunway Healthcare jumps after $731m Malaysia IPO debut. ( Bloomberg)
Woodside Energy appoints Liz Westcott as CEO. ( Reuters)
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AMERICAS
Clarksons, a provider of shipping services, completed the acquisition of Link Crude Resources, Link Futures, and Link Data Services, a group of firms specializing in energy brokering, particularly in US and Canadian crude oil, as well as financial product execution, according to press releases. Financial terms were not disclosed.
RiverGlade Capital-backed James River Home Health, a provider of personalized in-home skilled nursing, therapy, and chronic disease management services, completed the acquisition of Golden Rule Hospice, a hospice located in Atlanta, according to press releases. Financial terms were not disclosed.
Golden Rule Hospice was advised by Braff Group (led by Mark Kulik), according to press releases.
LWK Partners, a private equity firm, and CurbStand, a parking and hospitality services company, formed a joint venture, focused on proactive parking solutions across Los Angeles workforce housing portfolio, according to press releases. Financial terms were not disclosed.
LWK Partners was advised by LoBello Communications (led by Joe LoBello), according to press releases.
Jupiter Energy Investor, a private investment vehicle, agreed to acquire Bayonne Energy Center, a 660-megawatt dual-fuel power generation facility, from Morgan Stanley Infrastructure Partners, the private infrastructure investment arm of Morgan Stanley Investment Management, according to press releases. Financial terms were not disclosed.
Morgan Stanley Infrastructure Partners is advised by Jefferies & Company, according to press releases.
PhaseWell Research, a clinical research site company, completed the acquisition of Chase Medical Research, a clinical research site company, according to press releases. Financial terms were not disclosed.
Chase Medical Research was advised by Quadriga Partners, according to press releases.
DFJ Growth, a venture capital firm, and Northzone, a venture capital fund, led a $120m Series C round in XBOW, an autonomous offensive security company, with participation from Sofina, Alkeon Capital, Altimeter, NFDG Ventures and Hongshan Capital, according to press releases.
WPCG and HGGC-backed Waverly Advisors, a fee‑only, independent registered investment advisor, completed the acquisition of McBride Financial Advisors, a registered investment advisor, according to press releases. Financial terms were not disclosed.
Stephens Group-backed Astro Pak, a high purity and precision cleaning services provider, completed the acquisition of Clean Sciences, a provider of specialized precision cleaning for semiconductor equipment manufacturers, aerospace & defense, medical, biomedical, optics, and electronic industries, according to press releases. Financial terms were not disclosed.
Michelli Weighing & Measurement, a provider of service, calibration, equipment sales, and rentals, completed the acquisition of Industrial Scale & Measurement, a provider of scale service, calibration, equipment sales, and weighing system solutions, according to press releases. Financial terms were not disclosed.
eTip, an end-to-end digital tipping, gratuity management, and workforce engagement platform, completed the acquisition of Shiny Solutions, a workforce technology provider offering digital tipping, employee engagement, recruitment, scheduling, and performance-based recognition tools, according to press releases. Financial terms were not disclosed.
Contango shareholders approve merger with Dolly Varden. (Press Release)
Contango ORE shareholders have overwhelmingly approved the company’s proposed merger with Dolly Varden at a special meeting.
The approval clears a key step for the transaction, with all proposals related to the merger receiving strong shareholder support.
Rogers may sell stake in $18bn sports business to cut debt. ( Bloomberg)
Rogers Communications could sell nearly one-third of its stake in a sports business valued at about CAD25bn ($18bn) as it looks to reduce debt.
The company owns 75% of Maple Leaf Sports and Entertainment, which holds teams including the Toronto Maple Leafs, Toronto Raptors and Toronto FC.
Aegea could exceed $7.8bn valuation in Brazil IPO. ( Bloomberg)
Aegea Saneamento is expected to achieve a valuation above $7.8bn in a planned IPO in Brazil, according to shareholder Itausa.
The sanitation company is preparing for a listing in the coming months as investors assess its growth prospects.
Swarmer shares jump 700% after IPO debut. ( Bloomberg)
AI drone software company Swarmer surged as much as 700% in its trading debut, marking one of the strongest IPO performances in the US in recent years.
Shares opened well above the IPO price and triggered multiple volatility halts amid strong investor demand.
Disney names Josh D’Amaro CEO amid industry pressure. ( Bloomberg)
The Walt Disney Company named Josh D’Amaro as CEO, succeeding Bob Iger following its annual shareholder meeting after two decades of leadership.
The transition comes as the media sector faces pressure from streaming profitability, shifting consumer demand and rising competition.
EMEA
Credit Mutuel Arkea, a banking services provider, agreed to acquire the retail business of Societe Generale Securities Services from Societe Generale, a French multinational investment bank and financial services company, according to press releases. Financial terms were not disclosed.
Societe Generale is advised by Citigroup, according to MergerLinks data.
Unilever considers separation of food assets. ( Bloomberg)
Unilever is evaluating options including a potential separation of its food business as it looks to streamline its portfolio.
The group is working with advisers and assessing alternatives such as a full spin-off or partial separation, though no transaction is expected before 2027.
UniCredit urged to clarify intentions for Commerzbank. ( Reuters)
German officials have called on UniCredit to submit a concrete offer and clarify its plans regarding a potential move for Commerzbank.
The request comes from Hesse premier Boris Rhein, highlighting pressure on the Italian lender as speculation around a transaction continues.
Talanx considers stake reduction in Amprion. ( Reuters)
Talanx signalled it may reduce its stake in German grid operator Amprion, following earlier reports that major shareholders are exploring sales to new investors.
The move reflects portfolio rebalancing, with the insurer indicating it may still participate in capital increases while adjusting exposure.
APAC
KKR, an investment firm, agreed to acquire a majority stake in Allfleet, an electric bus operating platform, and a minority stake in PMI Electro, a manufacturer of electric commercial vehicles in India, for $310m, according to press releases.
Elliott takes 'significant' stake in Japan shipper Mitsui OSK. ( Reuters)
Elliott Investment Management has taken a significant stake in Mitsui OSK Lines and is urging the Japanese shipping company to improve shareholder returns and capital efficiency.
The company’s shares extended gains and rose about 12% after Reuters reported the investment, which Elliott later confirmed in a statement.
Jio may file IPO prospectus as early as March. ( Bloomberg)
Reliance Industries is preparing to file a draft prospectus for the IPO of its telecom unit Jio Platforms as early as the end of March.
The company has appointed multiple global and domestic banks, including Morgan Stanley, HSBC, JP Morgan, Citi and Goldman Sachs, to advise on the offering.
Sunway Healthcare jumps after $731m Malaysia IPO debut. ( Bloomberg)
Sunway Healthcare rose more than 38% in its market debut after raising $731m in Malaysia’s largest IPO in nine years.
Shares climbed significantly above the IPO price, valuing the company at about MYR23bn ($5.87bn) following strong investor demand.
Woodside Energy appoints Liz Westcott as CEO. (Reuters)
Australia's Woodside Energy has named Liz Westcott as chief executive officer and manging director, confirming her in the role after serving as interim CEO.
She succeeds Meg O'Neill as the company navigates a softer production outlook and operational challenges.
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