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Top Highlights
HSG, a global investment firm focused on venture capital and private equity, completed the acquisition of a majority stake in Golden Goose, a Venice-based fashion brand, from Permira, a global investment firm, and Blue Pool Capital, an investment advisory firm, according to press releases. Financial terms were not disclosed.
Golden Goose was advised by Gatti Pavesi Bianchi Ludovici (led by Andrea Giardino and Filippo Sola), Ropes & Gray and Brunswick Group (led by Charles Pretzlik, Ed Brown and Alessandro Iozzia). HSG was advised by KPMG, PricewaterhouseCoopers, Rothschild & Co and Latham & Watkins (led by Giovanni Sandicchi, Andrea Stincardini, Zhonghua Shi and Stefano Sciolla). Permira was advised by Ernst & Young, Bank of America, JP Morgan (led by Francesco Cardinali and Alex Bruce), Mediobanca (led by Giuseppe Baldelli), Giliberti Triscornia e Associati, FGS Global (led by Philipp Halstrick), Headland Consultancy and Maisto e Associati. Blue Pool Capital was advised by Cleary Gottlieb Steen & Hamilton, according to press releases and MergerLinks data.
Remix Therapeutics, a clinical-stage biotechnology company developing novel small molecule therapies designed to reprogram RNA processing and address disease drivers at their origin, agreed to merge with Passage Bio, a developer of AAV-based gene replacement therapies for rare monogenic central nervous system disorders, according to press releases. Financial terms were not disclosed.
Passage Bio is advised by Wedbush Securities, Fenwick & West and Sam Brown. Remix Therapeutics is advised by Canaccord Genuity, Evercore, Goldman Sachs, Jefferies & Company, RBC Capital Markets, Latham & Watkins and Precision AQ (led by Will O’Connor). Goldman Sachs, Jefferies & Company and Evercore are advised by Cooley, according to press releases and MergerLinks data.
Onex and TriWest Capital Partners, a private equity companies, agreed to acquire AirSprint, a fractional jet operator in Canada, according to press releases. Financial terms were not disclosed.
AirSprint is advised by CIBC Capital Markets, Jefferies & Company and Blake Cassels & Graydon. Onex is advised by RBC Capital Markets, DLA Piper, Goodmans and Kirkland & Ellis, according to press releases and MergerLinks data.
Deal Round up
AMERICAS
Jamieson Wellness explores the sale, taps BMO and Canaccord to advise. ( Bloomberg)
Paramount is ready to sell Universal Pictures JV for the Warner deal. ( Reuters)
Crypto deal between Cantor SPAC and Adam Back DAT gets delayed. ( Bloomberg)
EMEA
NLB chief touts 40% premium, heritage in bidding war for Addiko. ( Bloomberg)
US fund firm Allspring targets overseas takeovers in race for scale. ( Reuters)
APAC
DigitalBridge to explore options for AIMS data centre. ( Bloomberg)
SK Hynix ADR plans leave arbitrage traders waiting on a one-key answer. ( Bloomberg)
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COMPANIES
INVESTORS
FINANCIAL ADVISORS
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AMERICAS
Agilent Technologies, a provider of molecular spectroscopy solutions, completed the acquisition of Biocare Medical, a provider of immunohistochemistry instruments and reagents, from an investor group led by Excellere Partners, a middle-market private equity investment firm, and GHO Capital Partners, a healthcare‑focused investment advisor, for $950m, according to press releases.
Merck KGaA, a pharmaceutical and chemicals company, agreed to acquire Bio-Techne, a global manufacturer and supplier of high-quality reagents, analytical instruments, and precision diagnostics, for $11.3bn, according to press releases.
Bio-Techne is advised by Goldman Sachs, Sidley Austin and Joele Frank (led by Jamie Moser and Kelly Sullivan). Merck KGaA is advised by Guggenheim Partners, JP Morgan and Sullivan & Cromwell, according to press releases and MergerLinks data.
Great Hill Partners, a private equity firm, completed the investment in Woof Gang, a pet services and retail franchise, according to press releases. Financial terms were not disclosed.
Great Hill Partners was advised by Harris Williams & Co, Paul Hastings and FGS Global. Woof Gang was advised by Willkie Farr & Gallagher (led by Morgan McDevitt, Yaniv Maman, Chris Truman and David K. Boston) and ICR Inc, according to press releases and MergerLinks data.
Cognizant, an American multinational technology company, completed the acquisition of Astreya, a global IT managed services provider, according to press releases. Financial terms were not disclosed.
Astreya was advised by JP Morgan, Latham & Watkins (led by Jim Morrone) and Skadden Arps Slate Meagher & Flom (led by Jeffrey Brill). Cognizant was advised by Mayer Brown, according to press releases and MergerLinks data.
Colony Bankcorp, a bank holding company, agreed to merge with First Reliance Bancshares, a bank holding company, in a $163m deal, according to press releases.
Colony Bankcorp is advised by Keefe Bruyette & Woods and Alston & Bird. First Reliance Bancshares is advised by Hovde Group and Ward and Smith, according to press releases.
LightBay Capital, a private equity firm, completed the investment in Centre Technologies, a Texas-based IT managed services provider, according to press releases. Financial terms were not disclosed.
LightBay Capital was advised by Houlihan Lokey and Ropes & Gray. Centre Technologies was advised by Guggenheim Partners and Troutman Pepper Locke, according to press releases.
Summit Partners, a private equity investment firm, led $100m investment in Runpod, a cloud platform delivering on-demand GPU compute and serverless GPU endpoints for AI model training, fine-tuning, and inference, according to press releases.
Runpod was advised by JP Morgan and Cooley. Summit Partners was advised by Kirkland & Ellis, according to press releases.
CAI Software, a provider of digital work execution and manufacturing software solutions, completed the acquisition of PlanetTogether, a software provider, according to press releases. Financial terms were not disclosed.
CAI Software was advised by Maven Advisory and Paul Hastings. PlanetTogether was advised by KPMG, according to press releases.
Trackonomy Systems, a provider of a smart label tracking platform that pairs single-use sensor tags with a configurable software platform, agreed to acquire IoT assets of Identiv, publicly traded provider of physical security and secure identification solutions, according to press releases. Financial terms were not disclosed.
Trackonomy Systems is advised by Cooley. Identiv is advised by Raymond James and Pillsbury Winthrop Shaw Pittman, according to press releases.
Walmart, an American multinational retail corporation, agreed to acquire Vibe.co, a connected TV advertising platform, according to press releases. Financial terms were not disclosed.
Walmart is advised by Barclays, according to MergerLinks data.
Jamieson Wellness explores the sale, taps BMO and Canaccord to advise. ( Bloomberg)
Jamieson Wellness is exploring a potential sale and has engaged Bank of Montreal and Canaccord Genuity to advise on the process.
The Toronto-based company has begun contacting prospective bidders, including private equity firms and strategic buyers, as it evaluates transaction options. Discussions remain ongoing and may not result in a deal.
Paramount is ready to sell Universal Pictures JV for the Warner deal. ( Reuters)
The proposed remedy follows discussions with EU competition regulators and is expected to be formally submitted next week as the company seeks approval for the transaction.
Crypto deal between Cantor SPAC and Adam Back DAT gets delayed. ( Bloomberg)
Shareholders will now vote on the planned transaction on July 2 instead of June 26. The proposed combination is being closely watched by investors amid growing interest in digital asset-focused public companies.
EMEA
H.B. Fuller Company, a pure-play adhesives company, offered to acquire Advanced Medical Solutions, a tissue-healing technologies company, for £715m ($942m), according to press releases.
H.B. Fuller Company is advised by Goldman Sachs, Perella Weinberg Partners, Ashurst, Perkins Coie and Kekst CNC (led by Nicholas Capuano and Liz Cohen). Goldman Sachs is advised by Sullivan & Cromwell (led by Stephen M. Kotran), according to press releases.
EMMA Capital, an investment management company, agreed to acquire a 20% stake in the Central and Eastern Europe operations of Entain, a sports betting and gambling company, for €425m ($483m), according to press releases.
Entain is advised by Merrill Lynch International, Moelis & Co, Morgan Stanley and Sodali & Co (led by Rob Greening), according to press releases.
Bain Capital, a private investment firm, agreed to acquire a 51% stake in Everllence, a German manufacturer of large diesel engines and turbomachinery, from Volkswagen, a Germany-based multinational automotive company, for €7.4bn ($8.4bn), according to press releases.
TrueFoundry, a technology company providing an enterprise platform for building, deploying, and managing AI and agentic applications at scale, completed the acquisition of Seldon AI, a technology company providing platforms for deploying, managing, and scaling machine learning models in production environments, according to press releases. Financial terms were not disclosed.
TrueFoundry was advised by VSC Public Relations, according to press releases.
NLB chief touts 40% premium, heritage in bidding war for Addiko. ( Bloomberg)
Nova Ljubljanska Banka has raised its offer for Addiko Bank for a second time, valuing the lender at approximately €722m ($821m), as it seeks to strengthen its presence in neighboring Croatia.
The revised bid comes with less than a month remaining in the offer period and follows a competing proposal from Raiffeisen Bank International, which has already attracted tenders for more than half of Addiko’s shares. NLB said investors still have time to reconsider their positions before the process concludes.
US fund firm Allspring targets overseas takeovers in race for scale. ( Reuters)
Allspring Global Investments is exploring overseas acquisitions, including in the UK and broader Europe, as it seeks to expand its investment platform and product offerings.
Chief executive Kate Burke stated that the firm has informally approached potential targets as it looks for growth opportunities. Allspring, which was spun out of Wells Fargo in 2021, manages approximately $625bn in assets and is pursuing acquisitions amid increasing competitive pressures across the global asset management industry.
APAC
IsoEnergy, a Canada-based uranium exploration and development company, completed the acquisition of Toro Energy, an Australian uranium company for $68.1m, according to press releases.
Toro Energy was advised by Canaccord Genuity. IsoEnergy was advised by SCP Resource Finance, Cassels Brock & Blackwell, Hamilton Locke and Paul Weiss Rifkind Wharton & Garrison (led by Adam M. Givertz), according to press releases and MergerLinks data.
Kudu Investment Management, a private equity firm, completed an investment in Australian Financial Planning Group, a provider of personalised financial planning and wealth management services, according to press releases. Financial terms were not disclosed.
Australian Financial Planning Group was advised by PricewaterhouseCoopers and Johnson Winter Slattery. Kudu Investment Management was advised by MinterEllison and Newton Park PR (led by Margaret Kirch Cohen), according to press releases.
DigitalBridge to explore options for AIMS data centre. ( Bloomberg)
DigitalBridge is evaluating strategic options for Malaysia-based AIMS Data Centre, including a capital raise, the introduction of new investors, or a potential sale.
The firm is working with a financial adviser and has approached prospective investors to assess interest in the business. A transaction could value AIMS at around $2bn, although discussions remain ongoing and no final decision has been made.
SK Hynix ADR plans leave arbitrage traders waiting on a one-key answer. (Bloomberg)
SK Hynix’s planned $29bn US listing is drawing close scrutiny from arbitrage investors, who are focused on whether the company’s American depositary receipts will be freely exchangeable for its Seoul-listed shares.
The degree of fungibility between the two securities is expected to play a key role in determining whether valuation gaps emerge between the Nasdaq-listed ADRs and the company’s shares in South Korea. Full convertibility would enable investors to arbitrage price differences more efficiently, while restrictions could allow the US-listed securities to trade at a premium amid strong demand for artificial intelligence-related stocks.
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