GTCR completes the acquisition of Dentalcorp from L Catterton for CAD3.3bn.

Read on...

Scroll down to read deal descriptions. Your suggestions and comments support the democratisation of M&A data. If you'd like to contribute to the future editions, drop us a line.

AMERICAS

Pacific Avenue Capital Partners to acquire US power chain hoist and chain manufacturing operations of Columbus McKinnon Corporation for $210m.

Pacific Avenue Capital Partners, a private equity firm, agreed to acquire US power chain hoist and chain manufacturing operations of Columbus McKinnon Corporation, a designer, manufacturer and marketer of intelligent motion solutions for material handling, for $210m, according to press releases.

Pacific Avenue is advised by O'Melveny & Myers. Columbus McKinnon is advised by Guggenheim Partners, DLA Piper, Hogan Lovells and Skadden Arps Slate Meagher & Flom (led by Kenneth Schwartz), according to press releases and MergerLinks data.

Community Bank to acquire ClearPoint for $40m.

Community Bank, a full-service financial institution, agreed to acquire ClearPoint, a federally chartered savings bank, for $40m, according to press releases.

ClearPoint is advised by Keefe Bruyette & Woods, Stifel and Covington & Burling. Community Financial System is advised by D.A. Davidson & Co and Luse Gorman, according to press releases.

Butterfly Equity completes the acquisition of ePac from Amcor and Indevco North America.

Butterfly Equity, a private equity firm, completed the acquisition of ePac, a global technology-driven custom flexible packaging company, from Amcor, a provider of packaging solutions, and Indevco North America, a provider of protective packaging solutions, according to press releases. Financial terms were not disclosed.

Butterfly Equity was advised by William Blair & Co, Kirkland & Ellis (led by Ravi Agarwal) and Prosek Partners. ePac was advised by Robert W Baird and Greenberg Traurig, according to press releases and MergerLinks data.

Canaccord Genuity Group completes the acquisition of Carbon Reduction Capital.

Canaccord Genuity Group, a full-service financial services firm, completed the acquisition of Carbon Reduction Capital, a provider of M&A, project finance and capital raising services, according to press releases. Financial terms were not disclosed.

Carbon Reduction Capital was advised by Keefe Bruyette & Woods, Solomon Partners and Willkie Farr & Gallagher (led by Esther Chang and Edward Best). Canaccord Genuity was advised by Debevoise & Plimpton (led by Jillian Mulroy), according to press releases and MergerLinks data.

SL Green completes the acquisition of Park Avenue Tower in New York from Blackstone for $730m.

SL Green, a Manhattan’s largest office landlord, completed the acquisition of Park Avenue Tower in New York from Blackstone, an alternative asset manager, for $730m, according to press releases.

SL Green was advised by JP Morgan and BerlinRosen. Blackstone was advised by Eastdil Secured (led by William Silverman) and Simpson Thacher & Bartlett (led by Scott Kobak), according to press releases and MergerLinks data.

Boston Scientific to acquire Penumbra for $14.5bn.

Boston Scientific, a manufacturer of medical devices, agreed to acquire Penumbra, a global healthcare company, for $14.5bn, according to press releases.

Boston Scientific is advised by A&O Shearman and Arnold & Porter Kaye Scholer. Penumbra is advised by Perella Weinberg Partners and Davis Polk & Wardwell, according to press releases.

Warburg Pincus completes the investment in myKaarma.

Warburg Pincus, a private equity firm, completed the investment in myKaarma, a provider of end-to-end service lane solutions for automotive dealerships, according to press releases. Financial terms were not disclosed.

myKaarma was advised by Houlihan Lokey and TD Securities. Warburg Pincus was advised by RBC Capital Markets, according to press releases and MergerLinks data.

Parsons completes the acquisition of Altamira Technologies from ClearSky for $375m.

Parsons, a technology solutions provider, completed the acquisition of Altamira Technologies, a data analytics and engineering company, from ClearSky, a venture capital and growth equity group, for $375m, according to press releases.

Parsons was advised by Barclays. Altamira Technologies was advised by Robert W Baird, according to press releases.

Portage completes the acquisition of select fintech assets of Point72 Ventures.

Portage, a global fintech investment platform, completed the acquisition of select fintech assets of Point72 Ventures, a venture capital investing firm, according to press releases. Financial terms were not disclosed.

Point72 was advised by PJT Partners. Portage was advised by Debevoise & Plimpton (led by Kevin M. Schmidt), according to press releases and MergerLinks data.

B&G Foods to acquire College Inn and Kitchen Basics of Del Monte Foods for $110m.

B&G Foods, a company specializing in high-quality food brands, agreed to acquire College Inn and Kitchen Basics of Del Monte Foods, a provider of high-quality fruits and vegetables, for $110m, according to press releases.

B&G Foods is advised by ICR Inc (led by Anna Kate Heller), according to press releases.

Delinea to acquire StrongDM.

Delinea, a company specializing in identity security and privileged access management solutions, agreed to acquire StrongDM, a provider of zero trust privileged access management solutions, according to press releases. Financial terms are not disclosed.

Delinea is advised by Piper Sandler, according to press releases.

SoftBank led a $1.4bn funding round in Skild AI.

SoftBank, a Japanese multinational holding company, led a $1.4bn funding round in Skild AI, a company focused on bringing AI into the physical world, with participation from NVentures, Macquarie Capital, Bezos Expeditions, Disruptive and 1789 Capital, according to press releases.

Jeff Wyler completes the acquisition of Midwestern Auto Group from Dave Cantin Group for $500m.

Jeff Wyler, a car dealership company, completed the acquisition of Midwestern Auto Group, a premier EV and hybrid dealership, from Dave Cantin Group, a full-service automotive M&A advisory firm, for $500m, according to press releases.

Abu Dhabi’s ADNOC to evaluate investing in Venezuela gas. (Bloomberg)

The United Arab Emirates’ state oil company is exploring options for entering Venezuela’s energy sector as part of efforts to expand its international natural gas business.

Talks remain preliminary, and no final decision has been made. A move into Venezuela would mark a significant step for the UAE as it seeks to diversify its energy portfolio and strengthen its presence in global gas markets.

Diana Shipping says Genco rejected acquisition offer without engagement. (WSJ)

Diana Shipping stated that its $20.60-per-share cash offer to acquire Genco was rejected without engagement. The bid, made on November 24, represented a 15% premium to Genco’s prior closing price. Diana currently holds about 14.8% of Genco.

Genco confirmed the rejection, stating the proposal was well below its net asset value. No further talks have been reported.

EMEA

Avista Healthcare and Damier Group-backed PK Consumer Health to acquire Puhdistamo.

Avista Healthcare and Damier Group-backed PK Consumer Health, a consumer healthcare platform, agreed to acquire Puhdistamo, a manufacturer of dietary supplements, according to press releases. Financial terms are not disclosed.

Puhdistamo is advised by Castren & Snellman. Avista Healthcare is advised by Kekst CNC (led by Daniel Yunger). PK Consumer Health is advised by Svalner Atlas and Ropes & Gray, according to press releases.

PSG and Rivean-backed Corilus complete the acquisition of Sofia Développement.

PSG and Rivean-backed Corilus, a provider of cloud-based innovative software solutions for healthcare providers, completed the acquisition of Sofia Développement, a provider of vertical software solutions and services for independent healthcare professionals, according to press releases. Financial terms were not disclosed.

Corilus was advised by Rothschild & Co, according to press releases and MergerLinks data.

Playlist to merge with EGYM.

Playlist, a SaaS brand specializing in the fitness, wellness, and beauty industries, agreed to merge with EGYM, a provider of fitness and health solutions, according to press releases. Financial terms are not disclosed.

Private equity firms circle Volkswagen’s €6bn Everllence unit. (Bloomberg)

Volkswagen is seeking buyers for a majority stake in its heavy diesel engine unit Everllence, drawing interest from private equity firms.

Potential bidders include EQT (partnering with GIC), CVC, Advent, Bain, KPS, and Clayton Dubilier & Rice. Japanese trading firm Mitsui may also join the race.

Oxford Biomedica says it’s in talks over cash offer from EQT. (Bloomberg)

Oxford Biomedica confirmed it is in early talks with EQT over a potential cash offer. The UK-based cell and gene therapy firm stated that discussions follow unsolicited proposals from EQT that its board previously rejected.

No details on valuation or timing have been disclosed, and negotiations remain preliminary.

Mol nears deal to buy Gazprom stake in sanctioned Serb refinery. (Bloomberg)

Mol is close to buying Gazprom Neft’s majority stake in Serbia’s NIS refinery as US sanctions push the Russian firm to sell. The deal could be announced within days.

After completion, Hungary will seek US approval to lift sanctions on the refinery, strengthening Mol’s regional energy position and resolving ownership issues.

UniCredit dismisses rumours of interest in MPS stake. (Reuters)

UniCredit dismissed rumours of interest in buying a stake in Monte dei Paschi. The bank stated that routine M&A analysis does not imply a deal, despite reports of CEO Andrea Orcel meeting Delfin’s chairman.

Under Orcel, the bank has explored growth options, including stakes in Commerzbank and Alpha Bank, without closing a merger.

UK's Petrofac seeks creditors' compromise on claims to allow asset sale. (Reuters)

Petrofac will ask creditors on January 30 to approve a plan that reduces some claims so it can sell its asset solutions business to CB&I for $45m–$55m. The sale aims to repay secured creditors after Petrofac’s parent company went into administration following a major contract loss.

The business, which handles operations and maintenance for energy assets, will keep running normally. Employees and trade creditors won’t be affected. Petrofac has about 8.5k staff worldwide.

Telecoms operator Odido could file for Amsterdam IPO as soon as next week. (Reuters)

Odido, the largest Dutch mobile operator, may file for an Amsterdam IPO as early as next week, aiming to raise about €1bn ($1.16bn). The company is owned by Apax Partners and Warburg Pincus, which bought it in 2021 for €5.1bn ($5.9bn). No final decision on timing has been made.

The listing would signal a rebound in Europe’s IPO market after a slow 2025. Odido, formerly T-Mobile Netherlands, serves around 8m customers and delayed its IPO in 2025 due to market volatility.

APAC

A group of investors led a $220m Series D round in WeLab.

A group of investors led a $220m Series D round in WeLab, a pan-Asian fintech platform that operates digital banks and provides online financial services, according to press releases.

Mitsubishi Electric to seek $1.9bn sale of unit. (Bloomberg)

Mitsubishi Electric plans to sell its automotive equipment unit and will accept first-round bids by January 26. Potential buyers include car parts suppliers and private equity firms. The sale could fetch JPY200bn–JPY300bn ($1.3bn–$1.9bn).

The divestment marks a strategic shift as Mitsubishi Electric streamlines operations. Details on bidders have not been disclosed.

Canon eyes possible deals in medical devices and chip tools. (Bloomberg)

Canon plans acquisitions in medical devices and chip tools as part of its new five-year strategy. The company set a dividend payout target of about 40% and aims to strengthen core businesses with JPY3tn ($19bn) in investments.

Canon may allocate up to JPY2tn ($12.6bn) for deals to accelerate growth in high-margin sectors. The plan underscores its push beyond traditional imaging products.

CK Hutchison seeks $30bn valuation for retail unit's Q2 IPO. (Reuters)

CK Hutchison plans a Q2 dual Hong Kong-London IPO for AS Watson, targeting a $30bn valuation and raising about $2bn. Temasek aims to sell its 25% stake, with Goldman Sachs and UBS advising. The move follows CK Hutchison’s $22.8bn ports sale as part of its value-unlock strategy.

AS Watson runs 17k stores in 31 markets and posted $24bn revenue in 2024. It plans 1k new stores and expansion in the Middle East and Southeast Asia. H1 2025 retail revenue rose 41% to $12.7bn.

China drinks maker Eastroc Beverage to gauge interest for a billion-dollar-plus Hong Kong listing. (Bloomberg)

Eastroc Beverage is preparing for a second listing in Hong Kong that could raise over $1bn. The Shanghai-listed energy-drink maker has begun investor-education meetings and may start taking orders later this month.

The move aims to broaden its investor base and boost capital for growth. Further details on timing and pricing have not been disclosed.

Daily Review

Connect the World of Dealmakers