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AMERICAS

Plenary Americas to acquire Information Services Corporation at an enterprise value of CAD1.2bn.

Plenary Americas, a North America-focused infrastructure investor, developer and operator, agreed to acquire Information Services Corporation, a Canada-based provider of registry and information management services for public records, at an enterprise value of CAD1.2bn ($872m). As part of the transaction, Plenary Americas will partner with La Caisse as an equity co-investor, according to press releases.

Plenary Americas is advised by Barclays and Davies Ward Phillips & Vineberg. Information Services Corporation is advised by National Bank Capital Markets, RBC Capital Markets and Stikeman Elliott, according to press releases.

Enduring Ventures to acquire the Global Knowledge business of Skillsoft.

Enduring Ventures, a private entrepreneurial holding company, agreed to acquire the Global Knowledge business of Skillsoft, a US-based educational technology company, according to press releases. Financial terms were not disclosed.

Skillsoft is advised by Jefferies & Company, Skadden Arps Slate Meagher & Flom and Alpha IR (led by Ross Collins), according to press releases.

Tallvine Partners completes the acquisition of Lind Marine from Kingswood Capital Management.

Tallvine Partners, an independent investment advisor, completed the acquisition of Lind Marine, a marine services company, from Kingswood Capital Management, a private investment firm, according to press releases. Financial terms were not disclosed.

Tallvine Partners was advised by Edelman (led by Tori Canada). Kingswood Capital Management was advised by Raymond James and Kirkland & Ellis, according to press releases.

Authentic Brands Group to acquire the Lee business of Kontoor Brands for up to $1bn.

Authentic Brands Group, a brand management company, agreed to acquire the Lee business of Kontoor Brands, an American clothing company, for up to $1bn, according to press releases.

Authentic Brands Group is advised by Kirkland & Ellis. Kontoor Brands is advised by Morgan Stanley and Foley & Lardner, according to press releases.

The Arab Energy Fund completes a $120m investment in MidOcean Energy.

The Arab Energy Fund, a multilateral financial institution of ten Arab oil-exporting countries, completed a $120m investment in MidOcean Energy, a provider of investment services designed to create a portfolio of long-term LNG interests, according to press releases.

The Arab Energy Fund was advised by Edelman (led by Yasa Ahmad). MidOcean Energy and EIG were advised by FGS Global (led by Kelly Kimberly and Brandon Messina), according to press releases.

Sageview Capital completes the investment in Alacriti.

Sageview Capital, an American investment firm, completed the investment in Alacriti, a payments technology company, with participation from BMO Capital Partners and Curql Fund, according to press releases. Financial terms were not disclosed.

Alacriti was advised by Atlas Technology Group and Morgan Lewis & Bockius, according to press releases.

General Atlantic led a $150m Series D round in Farther.

General Atlantic, a global growth equity firm, led a $150m Series D round in Farther, a technology-centric wealth management firm, with participation from existing investors, according to press releases.

Farther was advised by Marathon Strategies (led by Kristine Erickson), according to press releases.

Accel-KKR completes the investment in UpKeep.

Accel-KKR, a technology-focused private equity firm, completed the investment in UpKeep, a provider of asset operations and maintenance management software, according to press releases. Financial terms were not disclosed.

Accel-KKR was advised by Kekst CNC (led by Todd Fogarty), according to MergerLinks data.

TCV led a $200m Series D round in Mercury.

TCV, a growth equity and venture capital firm, led a $200m Series D round in Mercury, a fintech company providing banking services to early stage start-up companies, with participation from Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital and Spark Capital, according to press releases.

Align Capital Partners-backed Marco Sealing Solutions completes the acquisition of Pride Seals.

Align Capital Partners-backed Marco Sealing Solutions, a provider of sealing products and engineered solutions, completed the acquisition of Pride Seals, a supplier of sealing solutions, according to press releases. Financial terms were not disclosed.

Medtronic plans to buy SPR Therapeutics for $650m to expand pain treatment options. (Press Release)

Medtronic is reportedly exploring the acquisition of SPR Therapeutics in a deal valued at around $650m, as part of its strategy to expand its presence in the chronic pain treatment market.

The potential transaction would strengthen Medtronic’s neuromodulation portfolio, with SPR’s peripheral nerve stimulation technology seen as complementary and enabling earlier, minimally invasive interventions, subject to regulatory approvals and customary closing conditions.

I Squared Capital is among the bidders for a $5bn Trafigura and Mubadala port. (Bloomberg)

I Squared Capital is among the firms that have advanced to the second phase of a bidding process to acquire a Brazilian port owned by Trafigura Group and Mubadala Capital in a deal that could value the asset at around $5bn.

A consortium comprising Vale and Gerdau, as well as Australia-based logistics company M Resources, also progressed to the next stage of the process. Discussions remain ongoing and may not result in a finalized transaction.

Surf Air, SpaceX, and xAI staffers line up SPAC for the space assets. (Bloomberg)

A group of aviation and telecommunications executives, including former employees of Surf Air Mobility, xAI, and SpaceX, is forming a special purpose acquisition company focused on the space sector.

Futurecorp Space Acquisition 1 is seeking to raise $200m in an initial public offering and plans to target businesses involved in space manufacturing, launch platforms, and defense investments. The move comes as investor interest in space-related companies continues to grow.

Equatorial to weigh Copasa bid after the partner drops out. (Bloomberg)

Equatorial is considering whether to participate in the privatization process for Copasa after its consortium partner withdrew from the bidding.

The company had initially planned to submit a joint bid with Sabesp and is now evaluating whether to proceed with new partners or to do so independently.

OpenAI faces an IPO unknowns even after a victory over Elon Musk. (Bloomberg)

OpenAI is preparing to file for an initial public offering in the coming days or weeks after a judge dismissed Elon Musk’s legal challenge against the company.

The ChatGPT maker is targeting a public listing in the fall as it advances its restructuring into a for-profit business. The lawsuit had overshadowed OpenAI’s efforts to reorganize its corporate structure and pursue long-term capital raising plans.

SoftBank-backed SB Energy confidentially files for US IPO. (Reuters)

SB Energy has confidentially filed for a US initial public offering as companies seek to capitalize on strong investor demand for new listings.

The IPO market has been supported by robust debuts from companies including Cerebras Systems and Fervo Energy, boosting confidence among firms pursuing public market offerings.

Shamrock Capital closes oversubscribed fourth content strategy fund with $813m in commitments. (Press Release)

Shamrock Capital has secured $813m in total commitments for Shamrock Capital Content Fund IV, surpassing its $700m fundraising target.

The fund was oversubscribed by its first close and completed fundraising in just over three months, reflecting strong support from both existing and new investors.

EMEA

Neuberger Berman-backed Marquee Brands to acquire a majority stake in Roberto Cavalli from DAMAC Group.

Neuberger Berman-backed Marquee Brands, a global brand management and licensing company that owns and develops a portfolio of consumer brands, agreed to acquire a majority stake in Roberto Cavalli, an Italy‑based luxury fashion house, from DAMAC Group, a diversified private conglomerate, according to press releases. Financial terms were not disclosed.

Marquee Brands is advised by RBC Capital Markets and Greenberg Traurig. DAMAC Group is advised by BDA Partners, according to press releases.

TPG-backed Integrated Media Company to acquire an 84.5% stake in Playstack from TruFin at an enterprise value of £125m.

TPG-backed Integrated Media Company, a digital media investment platform, agreed to acquire an 84.5% stake in Playstack, a UK-based games publisher, from TruFin, a UK-listed investment holding company, at an enterprise value of £125m ($168m), according to press releases.

TruFin is advised by Panmure Liberum (led by Chris Clarke and Edward Thomas) and KK Advisory (led by Kam Bansil), according to press releases.

KKR completes an $80m investment in Fresha.

KKR, an investment firm, completed an $80m investment in Fresha, a global software platform for the beauty and wellness industry, according to press releases.

KKR was advised by FGS Global (led by Eleanor Coppock), according to press releases.

Eurazeo to acquire a majority stake in Nextron Systems.

Eurazeo, a global investment firm and private markets asset manager, agreed to acquire a majority stake in Nextron Systems, a German cybersecurity software provider specializing in forensic analysis and compromise assessment solutions, according to press releases. Financial terms were not disclosed.

Norse Atlantic CEO confirms that the airline considers a possible sale. (Bloomberg)

Norse Atlantic has appointed JP Morgan Chase to oversee a strategic review that could lead to a sale, merger, or partnership as the carrier faces high costs and declining cash reserves.

The airline said it is responding to interest from potential strategic partners and has engaged the bank to evaluate a range of alternatives. Discussions are ongoing and may not result in a finalized transaction.

Italy’s biggest bank explores bid for Spanish wealth manager. (FT)

Intesa Sanpaolo is exploring a bid for Spanish private bank Singular, in a move that would mark a rare example of cross-border consolidation among European lenders.

The Italian bank has begun due diligence on Singular and is preparing a formal offer as part of a competitive bidding process. The potential acquisition comes as Intesa looks to strengthen its wealth management business and expand its presence in Spain.

Hg spins out €500m of assets from €19bn software group Visma. (FT)

Hg has spun out dozens of businesses valued at around €500m ($580.4m) from its €19bn ($22bn) software group Visma into a new Luxembourg-based vehicle called Norvato.

Hg is leading the investment in Norvato alongside existing Visma backers, including ICG. The new entity will hold subsidiaries of the accounting and payroll software provider as uncertainty surrounding the impact of artificial intelligence on the software sector continues to weigh on plans for a potential London listing.

French companies bid for €10bn Europe AI gigafactory. (Bloomberg)

A consortium of European companies is preparing a bid for a €10bn ($11.6bn) project to develop a major data center campus in France, as Europe accelerates investment in artificial intelligence infrastructure.

The group, known as AION, includes Iliad, Orange, Ardian, EDF, and Scaleway, among others.

Saudi $1tn wealth fund weighs creating a logistics giant. (Bloomberg)

Saudi Arabia's sovereign wealth fund is considering combining transport and supply-chain assets to create a logistics platform aimed at attracting foreign investment and strengthening the kingdom’s trade infrastructure.

The fund has held early-stage discussions about merging parts of its portfolio of ports, rail, and shipping assets into a single entity. The combined business could evolve into a vehicle for multibillion-dollar investments across the logistics sector. Discussions remain ongoing and may not result in a finalized transaction.

Eurazeo announces the first close of its PME V Fund at over €1bn, seeded with two initial investments. (Press Release)

Eurazeo has secured more than €1bn ($1.16bn) in commitments at the first close of Eurazeo PME V, matching the size of its predecessor fund raised in 2022.

The fund will focus on European mid-market technology and services companies, supporting growth through international expansion, operational transformation, and selective buy-and-build strategies.

APAC

Manus weighs raising $1bn to unwind Meta takeover. (Bloomberg)

The co-founders of Manus are exploring options to unwind a takeover by Meta Platforms, including raising around $1bn from external investors to buy back the Chinese-founded AI business.

The founders are discussing a funding round at a valuation of at least $2bn, matching the amount Meta paid to acquire the company. The proposed transaction could lead to Manus being restructured as a Chinese joint venture ahead of a potential Hong Kong initial public offering. Discussions are ongoing and may not result in a finalized deal.

Citi sees India IPOs hitting a fresh records despite the challenges. (Bloomberg)

Citigroup expects India’s initial public offering market to recover in the second half of the 2026 after a weak start marked by foreign capital outflows and pressure on the rupee.

Investor attention is focused on the potential listings of Jio Platforms and the National Stock Exchange of India, both of which are seen as key tests for market sentiment. Indian IPOs have raised about $3.5bn so far in 2026, compared with $22.4bn in 2025, when the country ranked as the world’s third-largest IPO market.

Quadria-backed Aragen Life said to plan a $300m India IPO. (Bloomberg)

Aragen Life Sciences is considering an initial public offering in Mumbai that could raise up to $300m.

The Hyderabad-based company, backed by Goldman Sachs and Quadria Capital, has appointed Axis Capital, Citigroup, Goldman Sachs, and JM Financial to advise on the proposed share sale. Discussions are ongoing, and details of the offering may still change.

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