Global Payments to acquire Worldpay from GTCR and FIS for $24.25bn.

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AMERICAS

CIVC Partners completes the investment in Cary Street Partners.

CIVC Partners, a private equity firm, completed the investment in Cary Street Partners, an independent financial services firm, according to press releases. Financial terms were not disclosed.

Cary Street Partners was advised by Dalphia Partners, Reed Smith and Williams Mullen. CIVC Partners was advised by Sherman & Company and Ropes & Gray (led by Matthew Richards), according to press releases.

Kingswood Capital Management and Performance Investment Partners to acquire The Vitamin Shoppe from Franchise Group.

Private equity firms Kingswood Capital Management and Performance Investment Partners agreed to acquire The Vitamin Shoppe, a company focused on retailing nutritional products, from Franchise Group, a holding company that acquires and manages mainly franchise companies, according to press releases. Financial terms were not disclosed.

Kingswood Capital Management is advised by Jefferies & Company, McDermott Will & Emery and Sidley Austin. Franchise Group is advised by Ducera Partners and Kirkland & Ellis, according to press releases.

Mountaingate Capital-backed Ignite Visibility completes the acquisition of Outliant.

Mountaingate Capital-backed Ignite Visibility, a company specializing in digital marketing services, completed the acquisition of Outliant, a company focused on web development and digital strategy, according to press releases. Financial terms were not disclosed.

Outliant was advised by Potomac and Baker Donelson Bearman Caldwell & Berkowitz. Ignite Visibility was advised by Morrison & Foerster. Debt financing was provided by Capital Southwest Corporation, according to press releases.

Misumi to acquire Fictiv for $350m.

MISUMI, a global supplier of mechanical components for the manufacturing industry, agreed to acquire Fictiv, a company focused on digital manufacturing services, for $350m, according to press releases.

Fictiv is advised by JP Morgan, Morrison & Foerster and 5W Public Relations (led by Lexi Glicksman), according to press releases.

Futureverse completes the acquisition of Candy Digital.

Futureverse, a revolutionary, generative AI and open gaming technologies provider, completed the acquisition of Candy Digital, a fan experience platform that connects people to their passions in sports, entertainment and culture, according to press releases. Financial terms were not disclosed.

Candy Digital was advised by Sullivan & Cromwell (led by Lee C. Parnes). Futureverse was advised by The Untold (led by Chelsey Northern), according to press releases and MergerLinks data.

CVC Capital completes the acquisition of a majority stake in Grupo GSH from Rede D’Or for $270m.

CVC Capital, a private equity company, completed the acquisition of a majority stake in Grupo GSH, a healthcare services provider in Brazil, from Rede D’Or, an insurance company, for $270m, according to press releases.

CVC Capital was advised by UBS, according to MergerLinks data.

Banorte to acquire a 44.28% stake in RappiCard for $50m.

Banorte, a banking and financial services holding company, agreed to acquire a 44.28% stake in RappiCard, a financial services company, for $50m, according to press releases.

Banorte is advised by Morgan Stanley, according to MergerLinks data.

Mill Point Capital-backed Garyline completes the acquisition of Koozie Group.

Mill Point Capital-backed Garyline, a manufacturer of promotional products, completed the acquisition of Koozie Group, a manufacturer, decorator and supplier of promotional products, according to press releases. Financial terms were not disclosed.

Koozie Group was advised by Robert W Baird (led by Matthew Tingler), according to MergerLinks data.

Infosys to acquire MRE Consulting.

Infosys, an India-based global leader in digital services and consulting, agreed to acquire MRE Consulting, a company focused on energy consulting and technology services, according to press releases. Financial terms were not disclosed.

Chinese tea firm Chagee raises $411m in New York IPO. (Press Release)

Chinese tea company Chagee has raised $411m in its New York initial public offering by pricing its shares at $28 each.

The IPO was launched last week amid heightened market uncertainty driven by concerns over a potential global trade war following US President Donald Trump's new tariffs package. Chagee has not yet commented publicly on the offering.

House China Committee urges US banks to drop CATL listing roles. (Bloomberg)

The chairman of a US congressional committee on China is urging Bank of America and JP Morgan to withdraw from their roles in the Hong Kong IPO of Contemporary Amperex Technology, which could become the largest listing of the year.

John Moolenaar, a Republican chairman of the House Select Committee on the Chinese Communist Party, warned in letters to JPMorgan CEO Jamie Dimon and Bank of America CEO Brian Moynihan that underwriting CATL’s listing exposes the banks and their American investors to significant regulatory, financial and reputational risks.

Hidden Road wins broker-dealer license after ripple acquisition. (Bloomberg)

Hidden Road has received a license to operate as a broker-dealer, supporting its efforts to expand its prime-brokerage business and attract more institutional investors.

The approval from the Financial Industry Regulatory Authority follows the company's recent acquisition by digital asset firm Ripple. Hidden Road President Noel Kimmel shared the update as the firm moves to broaden its market reach.

TK Elevator owners weigh US for potential multi-billion euro IPO. (Reuters)

TK Elevator’s owners are considering the United States as a potential venue for an initial public offering in 2025, even as market volatility driven by US tariffs continues to weigh on deal activity.

Discussions are still at an early stage, with preparations likely to be formalized later this year ahead of a possible sale or listing next year.

Perella Weinberg hires Leerink’s Blake for health-care deals. (Bloomberg)

Perella Weinberg Partners is bringing on Barry Blake, Global Co-Head of Investment Banking at Leerink Partners, as a new hire following a period of leave.

Blake is expected to join Perella after his leave concludes, with the move not yet officially announced.

EMEA

DWS Group-backed NorthC completes the acquisition of eight data centres from Colt.

DWS Group-backed NorthC, a provider of regional data centres, colocation and connectivity services, completed the acquisition of eight data centres from Colt Technology Services, a telecommunications company, according to press releases. Financial terms were not disclosed.

NorthC was advised by Evercore, according to MergerLinks data.

Vista Energy completes the acquisition of Petronas E&P Argentina from Petronas for $1.2bn.

Vista Energy, a company specializing in the exploration and production of oil and gas, completed the acquisition of Petronas E&P Argentina, a company focused on hydrocarbon exploration, from Petronas, an integrated oil and gas multinational corporation, for $1.2bn, according to press releases.

Mubadala to acquire a minority stake in Nord Anglia Education for $600m.

Mubadala, an investment company, agreed to acquire a minority stake in Nord Anglia Education, a premium schools organisation, for $600m, with participation from Neuberger Berman, Canada Pension Plan Investment Board, Corporación Financiera Alba and Dubai, according to press releases.

InPost completes the acquisition of a 95.5% stake in Yodel for £106m.

InPost, an e-commerce logistics enabler, completed the acquisition of a 95.5% stake in Yodel, a delivery firm, for £106m ($140m), according to press releases.

Taqa completes the acquisition of Transmission Investment.

Abu Dhabi National Energy Company, a company specializing in power generation, completed the acquisition of Transmission Investment, a company focused on operating offshore transmission assets connecting offshore wind farms to the UK electricity grid, according to press releases. Financial terms were not disclosed.

Paschi eyes Mediobanca deal approval with 74% of capital to vote. (Bloomberg)

Investors holding 74% of Banca Monte dei Paschi di Siena gathered, positioning CEO Luigi Lovaglio to move forward with his proposed takeover of Mediobanca.

A vote scheduled for later in the day will determine whether Lovaglio receives authorization to issue new Monte Paschi shares to finance the deal. To proceed, he must secure support from at least two-thirds of the voting rights represented at the shareholder meeting in Siena.

Regulatory snag in BNP’s AXA IM bid may cast doubt on similar deals. (Reuters)

BNP Paribas launched a €5.1bn ($5.8bn) acquisition of AXA Investment Managers’ stake last year, expecting regulatory approval would come with minimal capital impact—a model other banks were watching closely as a potential template.

However, a recent assessment by the European Central Bank has challenged those assumptions, leading to a greater-than-expected capital hit. The decision has dampened expected returns from the AXA IM acquisition, dealing a setback to BNP Paribas' strategic ambitions in asset management.

Turkish nickel bull plans $2bn M&A spree to rival China. (Bloomberg)

Turkish billionaire Robert Yuksel Yildirim is pursuing a $2bn push to acquire nickel mines, wagering on a rebound in prices and growing Western demand for non-Chinese sources of the critical battery metal.

Having built his fortune in chrome and shipping through Yildirim, he recently spun off those businesses into a new venture, CoreX. With existing nickel-processing assets already in place, Yildirim views the current low price environment as an opportunity to expand and secure a stronger position in the global supply chain.

ABB to spin off robotics unit for 2026 stock-market listing. (Press Release)

ABB plans to spin off and publicly list its robotics unit in 2026, aiming to enhance performance in what is currently its least profitable division by operating it as a standalone company.

The robotics business, which produces industrial robots and related software, is expected to begin trading in the second quarter of 2026. Switzerland and Sweden have been identified as the most likely listing venues, with the details shared by CFO Timo Ihamuotila on April 17.

London-listed investment firm Fidelity Japan begins review of operations. (Press Release)

Fidelity Japan Trust announced on April 17 that it has launched a formal review to assess its future, acknowledging that a majority of shareholders may not support its continuation as an investment firm.

The London-listed group, which specializes in Japanese equities, had earlier rejected a merger proposal from AVI Japan Opportunity Trust, which went public with its offer ahead of Fidelity Japan’s annual general meeting scheduled for May.

Chanel billionaire’s son hires investment manager and unveils deals. (Bloomberg)

The son of one of Chanel’s billionaire owners is strengthening his private equity venture by appointing an external executive to lead investments and offering a rare glimpse into its portfolio.

David Wertheimer, 38, whose father Gérard is one of the brothers behind the French luxury house, has named David An as Head of Investments at his Luxembourg-based firm, 1686 Partners.

APAC

Seven & i proposes five new directors as part of board revamp. (Bloomberg)

Seven & i is planning a major board overhaul at its upcoming annual shareholders meeting as part of efforts to enhance shareholder value and counter a $47.5bn takeover proposal from Alimentation Couche-Tard.

The 7-Eleven operator intends to appoint five new directors, including four external candidates such as Takashi Sawada, former president of FamilyMart, and Christine Edman, former head of H&M’s Japan unit.

Insignia extends exclusivity window for Bain and CC Capital bids. (Reuters)

Australia’s Insignia Financial announced on April 17 that it has extended the exclusivity period by four weeks for both Bain Capital and CC Capital Partners as they continue evaluating their proposals to acquire the wealth management firm.

The extension follows requests from both bidders, allowing additional time to complete debt funding arrangements and finalize due diligence.

Investors seeks review of Australia's listing rules, say James Hardie-AZEK deal to hurt. (Reuters)

A group of investors has called for a review of Australia’s listing rules, arguing it is “unreasonable” for companies to issue a significant number of shares to fund acquisitions without shareholder approval.

In a letter sent to the Australian Stock Exchange on April 17, the investors cited James Hardie’s proposed $8.75bn acquisition of AZEK as a key example, warning that the deal would substantially dilute existing shareholders and "irreversibly change their rights" without offering them a vote.

DigitalBridge’s sale of Southeast Asian towers is said to stall. (Bloomberg)

DigitalBridge Group’s efforts to sell its Southeast Asian telecom tower operator, EdgePoint Infrastructure, have stalled due to valuation concerns.

Although work on a potential sale has paused, DigitalBridge is still exploring strategic options and may revisit the plans at a later stage. Alternatives under consideration include a potential breakup or piecemeal transactions rather than a full sale.

Asia Pulp & Paper seeks $2bn loan for Kimberly-Clark unit. (Bloomberg)

Indonesia’s Asia Pulp & Paper is seeking a loan of up to $2bn to support its bid for Kimberly-Clark’s international tissue business.

Banks and private credit funds are in discussions over providing the financing, with APP positioned as one of the leading contenders in the ongoing bidding process.

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