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AMERICAS

DoorDash to acquire the Grubhub Campus Dining business of Wonder for $300m.

DoorDash, a US-based online food delivery and local commerce platform company, agreed to acquire the Grubhub Campus Dining business of Wonder, an at-home dining and food delivery platform, for $300m, according to press releases.

DoorDash is advised by RBC Capital Markets and Wilson Sonsini Goodrich & Rosati. Wonder is advised by JP Morgan, Fenwick & West and Latham & Watkins (led by Andrew Clark), according to press releases.

Genstar Capital and Aksia to invest in F3 Partners-backed Richey May.

Genstar Capital and Aksia, private equity firms, agreed to invest in F3 Partners-backed Richey May, a full-service firm providing accounting, tax and advisory services, according to press releases. Financial terms were not disclosed.

Richey May is advised by Guggenheim Partners and Simpson Thacher & Bartlett (led by Tim Gaffney). Genstar Capital is advised by BMO Capital Markets, Ropes & Gray (led by Elizabeth Gallucci and Minh-Chau Le) and FGS Global, according to press releases and MergerLinks data.

Trackonomy Systems completes the acquisition of IoT assets of Identiv for $50m.

Trackonomy, a US-based company that provides a smart label tracking platform, completed the acquisition of IoT assets of Identiv, a publicly traded provider of physical security and secure identification solutions, for $50m, according to press releases.

Trackonomy Systems was advised by Cooley. Identiv was advised by Raymond James, Pillsbury Winthrop Shaw Pittman and H/Advisors, according to press releases.

Aphias Capital-backed Stambaugh Ness to merge with Zweig Group.

Aphias Capital-backed Stambaugh Ness, an accounting firm, agreed to merge with Zweig Group, a provider of research, publishing, and management consulting services for architecture, engineering, and construction firms, according to press releases. Financial terms were not disclosed.

Stambaugh Ness and Zweig Group are advised by Citizens M&A and Vedder Price. Aphias Capital is advised by Lazard and Kirkland & Ellis, according to press releases.

Core Silver completes the acquisition of Arcus Development Group.

Core Silver, a mineral exploration company developing polymetallic silver-copper focused projects and advancing drill-ready porphyry-skarn-CRD and copper porphyry targets, completed the acquisition of Arcus Development Group, a company that engages in the acquisition and exploration of mineral properties in Canada, according to press releases. Financial terms were not disclosed.

Core Silver was advised by Maarschalk Valuations and Clark Wilson. Arcus Development Group was advised by Evans & Evans and Cozen O'Connor, according to press releases.

HCA Healthcare completes the acquisition of The College of Health Care Professions.

HCA Healthcare, a for-profit operators of health care facilities, completed the acquisition of The College of Health Care Professions, an allied healthcare training provider, according to press releases. Financial terms were not disclosed.

HCA Healthcare was advised by by Holland & Knight and Husch Blackwell. The College of Health Care Professions was advised by Macquarie Group and Cooley, according to press releases.

BKV completes the acquisition of the Barnett Shale assets from Mountain Capital Capital-backed Bedrock Energy Partners for $370m.

BKV, an energy company, completed the acquisition of the Barnett Shale assets from Mountain Capital-backed Bedrock Energy Partners, an E&P company, for $370m, according to press releases.

BKV was advised by Barclays and Baker Botts (led by Samantha Hale Crispin). Mountain Capital was advised by PJT Partners (led by Matthew Stolper), according to press releases and MergerLinks data.

AlphaCore completes the acquisition of Streamline Family Office.

AlphaCore, a wealth advisory firm, completed the acquisition of Streamline Family Office, an independent family office providing financial administration, asset oversight and strategic advisory, according to press releases. Financial terms were not disclosed.

AlphaCore was advised by Vinson & Elkins and Gregory FCA (led by Jenna Silverblatt). Streamline Family Office was advised by Gennari Aronson, according to press releases.

Plains All American to acquire Powder River Basin assets of Tailwater Capital-backed Silver Creek Midstream for $585m.

Plains All American, a midstream energy infrastructure company, agreed to acquire Powder River Basin assets of Tailwater Capital-backed Silver Creek Midstream, a provider of midstream crude oil services, for $585m, according to press releases.

Silver Creek Midstream is advised by RBC Capital Markets and Troutman Pepper Locke, according to press releases.

TPG to acquire a minority stake in Tablet Command.

TPG, a global alternative asset manager, agreed to acquire a minority stake in Tablet Command, a provider of incident management and emergency response software, according to press releases. Financial terms were not disclosed.

Tablet Command is advised by Robert W Baird and Sidley Austin, according to press releases.

RedCloud Capital completes the investment in APS Environmental.

RedCloud Capital, a private equity firm, completed the investment in APS Environmental, a provider of environmental testing, inspection, consulting and abatement services, according to press releases. Financial terms were not disclosed.

RedCloud Capital was advised by Chris Tofalli Public Relations (led by Chris Tofalli). APS Environmental was advised by Consilium Partners, according to press releases.

PPC-backed C.H. Guenther & Son completes the acquisition of House-Autry Mills.

PPC-backed C.H. Guenther & Son, a global food manufacturer and bakery supplier, completed the acquisition of House-Autry Mills, a Southern heritage food company, according to press releases. Financial terms were not disclosed.

House-Autry Mills was advised by Westerra Capital. PPC was advised by FTI Consulting (led by Steven Glynias), according to press releases.

MRO completes the acquisition of Vyne Medical.

MRO, the clinical data management platform, completed the acquisition of Vyne Medical, a provider of data intake and intelligent document processing solutions, according to press releases. Financial terms were not disclosed.

Vyne Medical was advised by Lincoln International and Kirkland & Ellis, according to press releases.

Creative Planning to acquire RVK.

Creative Planning, an independent wealth management firm and registered investment advisor, agreed to acquire RVK, a provider of independent investment consulting and strategic investment advice, according to press releases. Financial terms were not disclosed.

Creative Planning is advised by Goldman Sachs, according to press releases.

DOJ wants states to post bond over Paramount deal challenge. (Bloomberg)

The US Justice Department is urging a federal judge to require states and the Writers Guild of America, which are challenging Paramount Skydance’s $110bn takeover of Warner Bros. Discovery, to post a bond covering potential delay-related costs from their lawsuits.

Paramount is seeking a bond of nearly $1.9bn ahead of trials scheduled for next March. The DOJ supported requiring a bond but did not take a position on its size.

Glencore, InfraVia said among suitors for Eramet lithium stake. (Bloomberg)

Glencore and InfraVia Capital Partners are among potential bidders for a minority stake in Eramet’s lithium mining and refining operations in Argentina, as the French miner considers asset sales to reduce debt.

Companies from Japan and the US have also been approached as potential investors. Discussions remain in the early stages and may not result in a transaction.

OpenAI weighs funding round at over $1.2tn valuation. (Bloomberg)

OpenAI is holding early discussions with investors over a potential funding round that could value the ChatGPT creator at more than $1.2tn ahead of a planned initial public offering.

The investor-initiated talks remain preliminary, with any decision to proceed with the fundraising dependent on the timing of OpenAI’s public listing.

EMEA

Quorum Cyber to acquire Ontinue.

Quorum Cyber, a cybersecurity services provider, agreed to acquire Ontinue, a cybersecurity company that provides AI-powered managed extended detection and response and security operations services, according to press releases. Financial terms were not disclosed.

Quorum Cyber is advised by Macfarlanes, Mintz Levin and Schellenberg Wittmer. Ontinue is advised by Raymond James and Bar & Karrer, according to press releases.

Lindblad Expeditions completes the acquisition of a 60% stake in White Desert and Echo Charlie for $67m.

Lindblad Expeditions, a global adventure travel company, completed the acquisition of a 60% stake in White Desert, an Antarctic expedition operator, and Echo Charlie, a luxury adventure travel company, for $67m, according to press releases.

White Desert and Echo Charlie were advised by Robert W Baird, according to press releases.

Safaricom sale ruling risks Ruto's $39bn project Pipeline. (Bloomberg)

A Kenyan court has quashed the government’s sale of a 15% stake in Safaricom to Vodacom, putting a key source of funding for President William Ruto’s $39bn infrastructure programme at risk.

The transaction was expected to generate $1.9bn in seed capital for the newly established National Infrastructure Fund, which is intended to finance projects over seven years.

Brookfield agrees recapitalization of UK resort operator Center Parcs at $6bn valuation. (Bloomberg)

Brookfield is nearing a recapitalization of British holiday park operator Center Parcs in a deal valuing the business at about $6bn.

New investors including Australian Retirement Trust and Mercer Super are expected to participate, with more than three-quarters of the capital coming from new backers.

Tottenham gets fresh £120m injection from Lewis family. (Bloomberg)

The family of billionaire Joe Lewis is investing an additional £120m ($162m) in Tottenham Hotspur, continuing its financial support for the North London football club.

The family will acquire new shares in ENIC Sports, which owns about 88% of Tottenham, with the proceeds earmarked for general working capital.

Zambia stock market to debut Gold ETF, sees five stock listings. (Bloomberg)

The Lusaka Securities Exchange plans to launch its first-ever exchange-traded fund before the end of October, giving Zambian investors exposure to gold.

The fund is sponsored by South African lender Absa Group and will be introduced to the Zambian market through a listing from the Johannesburg bourse.

APAC

Brookfield to acquire Reliance Worldwide for AUD4.1bn.

Brookfield, an alternative asset management company, agreed to acquire Reliance Worldwide, a global Australian-founded manufacturer that designs and supplies water flow, control, and plumbing solutions, for AUD4.1bn ($2.9bn), according to press releases.

Reliance Worldwide is advised by Goldman Sachs, Herbert Smith Freehills Kramer and Teneo, according to press releases and MergerLinks data.

Starbucks considers selling majority stake in its Japan business. (Reuters)

Starbucks is considering selling a majority stake in its Japan business in a transaction that could value the operations at around $3bn. The company is seeking advice on potential options, with a formal sale process potentially starting in the fourth quarter.

Starbucks took full control of its Japan business in 2014 for about $914m, valuing it at roughly $1.5bn at the time. The business has since expanded from around 1k stores to 1.8k outlets.

Databricks piles investments into Asia as growth accelerates. (WSJ)

Databricks plans to increase investment in Singapore as demand for its analytics and artificial intelligence software accelerates across Asia Pacific and Japan.

The company’s business in the region more than doubled in the second quarter, making it Databricks’ fastest-growing market.

Paytm bulls see IPO price back in reach after five-year wait. (Bloomberg)

Paytm shares have rallied 54% this quarter, bringing the Indian digital payments company within 22% of its INR2.15k ($16.71) initial public offering price for the first time since its listing.

Jefferies and JM Financial have raised their price targets to INR2.15k ($16.71), while Investec Securities and Emkay Global Financial Services see potential for the shares to reach INR2.3k-INR2.4k ($17.9-$18.7).

India's NSE to launch IPO amid investor caution over derivatives-fuelled growth. (Reuters)

National Stock Exchange of India is launching its $2.3bn initial public offering, set to become India’s third-largest IPO, with shares priced at INR1.7k–INR1.79k ($13.2-$13.9) each and the exchange valued at about $46bn. The offering consists entirely of shares sold by existing investors.

Anchor investor bidding begins on September 16, followed by public subscriptions through September 21. The pricing is 15%-20% below levels sought during earlier roadshows amid investor concerns over declining derivatives trading volumes.

Tata Sons IPO order backs reclusive tycoon's long-running ask. (Bloomberg)

The Reserve Bank of India has refused to relax listing requirements for Tata Sons, increasing pressure on the Tata Group holding company to pursue a potential public listing.

The decision supports a long-standing push by Shapoor Mistry, whose Shapoorji Pallonji Group owns 18.4% of Tata Sons and has sought a listing to unlock value from the stake.

Goldman Sachs Alternatives raises $11.7bn for private equity with the final close of West Street Capital Partners IX. (Press Release)

Goldman Sachs Alternatives has raised $11.7bn across its latest private equity vehicles, including $9.6bn for flagship West Street Capital Partners IX and more than $1.6bn for its first dedicated pan-Asia private equity fund.

West Street Capital Partners IX will focus on control-oriented upper mid-market investments across the US and Europe, while the Asia fund will target middle-market and select growth opportunities across the region.

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