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Daily Review is our daily roundup of M&A news. Announcements, rumors, insights, and data before your morning coffee. Subscribe and never miss a beat with MergerLinks.
5 February 2026

Santander to acquire Webster for $12.2bn.

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Infineon Technologies to acquire a sensor portfolio from ams OSRAM for €570m.
 
Infineon Technologies, a German company designing and manufacturing semiconductor devices, agreed to acquire a sensor portfolio from ams OSRAM, an Austrian semiconductor manufacturer, for €570m ($673m), according to press releases.
 
ams OSRAM is advised by Morgan Stanley and Linklaters. Infineon Technologies is advised by Gleiss Lutz (led by Ralf Morshäuser and Tobias Falkner), Cravath Swaine & Moore, Schoenherr, Walder Wyss, Zhong Lun Law Firm, AZB & Partners and Garrigues, according to press releases and MergerLinks data.
 
Santander to acquire Webster for $12.2bn.
 
Santander, a Spanish multinational commercial bank and financial services company, agreed to acquire Webster, a Connecticut-based bank specializing in personal, commercial, and private banking services, for $12.2bn, according to press releases.
 
Santander is advised by Bank of America, Centerview Partners, Goldman Sachs, Davis Polk & Wardwell (led by Michael J. Willisch, Luigi L. De Ghenghi, Marc O. Williams and Lee Hochbaum) and Uria Menendez. Webster is advised by Wachtell Lipton Rosen & Katz (led by Edward D. Herlihy and Matthew M. Guest), JP Morgan and Joele Frank (led by Ed Trissel and Adam Pollack), according to press releases and MergerLinks data.
 
KfW to acquire a 25.1% stake in TenneT Germany from TenneT for €3.3bn.
 
KfW, a German state-owned investment and development bank, agreed to acquire a 25.1% stake in TenneT Germany, a European grid operator, from TenneT, a transmission system operator in the Netherlands, for €3.3bn ($3.9bn), according to press releases.
 
KfW is advised by Citigroup and CMS Legal. TenneT is advised by ABN Amro, Lazard, De Brauw Blackstone Westbroek (led by Michael Schouten) and Hengeler Mueller. The Dutch government is advised by Gleiss Lutz (led by Martin Hitzer and Katharina Bein) and NautaDutilh, according to press releases and MergerLinks data.
 
Deal Round up
 
AMERICAS
 
Antin Infrastructure Partners to acquire Vigor Marine Group from Lone Star Funds.
 
Ares Management and DaVita to invest in Elara Caring.
 
Texas Instruments to acquire Silicon Labs for $7.5bn.
 
Quantum Computing completes the acquisition of Luminar Semiconductor from Luminar Technologies for $110m.
 
Exclusive Investments completes the acquisition of Inspirato for $59m.
 
Orion completes the acquisition of J. E. McAmis for $70m.
 
Lightyear Capital to acquire PayByPhone from Corpay.
 
Renovus Capital-backed Superior Health completes the acquisition of Pulse Home Health and Hospice.
 
Paine Schwartz Partners-backed Registrar completes the acquisition of TechniCAL.
 
Michelin to acquire Flexitallic.
 
Billionaire activist investor Peltz open to more buyouts. (Reuters)
 
Anthropic plans employee tender offer at $350bn valuation. (Bloomberg)
 
Wall Street broker Clear Street seeks $1.05bn in IPO. (Bloomberg)
 
D.E. Shaw to push for board shake-up at CoStar. (WSJ)
 
Brookfield Asset Management names Connor Teskey CEO. (WSJ)
 
EMEA
 
Colliers to acquire Ayesa Engineering from A&M Capital and the Manzanares family for €600m.
 
Regent completes the acquisition of the ContiTech OESL business from Continental.
 
ABM completes the acquisition of WGNSTAR for $275m.
 
Henkel to acquire Stahl from Wendel for €2.1bn.
 
Medtronic to acquire CathWorks at a valuation of $585m.
 
Zurich Insurance wins Beazley backing with sweetened £8bn bid. (Reuters)
 
Brookfield nears sale of London’s CityPoint office tower. (Bloomberg)
 
Nestlé adds Deutsche Bank for water business stake sale. (Bloomberg)
 
Drone maker WB Electronics eyes Warsaw IPO in about a year. (Bloomberg)
 
APAC
 
KKR and Singtel to acquire the remaining 82% stake in ST Telemedia Global Data Centres from ST Telemedia for $5.1bn.
 
Tianqi plans SQM share sale, paving way for exit. (Bloomberg)
 
Wingtech CFO resigns citing personal reasons. (Reuters)
 
COMPANIES
ams OSRAM
Anthropic
Ayesa
Beazley
Castleforge
CathWorks
Clear Street
Colliers
Continental
Corpay
CoStar Group
DaVita
Elara Caring
Flexitallic
Henkel
Infineon
Inspirato
KfW
Luminar
Medtronic
Michelin
Nestle
PayByPhone
Registrar Corp
Santander
Silicon Laboratories
Singtel
ST Telemedia
Stahl
STT GDC
Superior Health
TenneT
TenneT Germany
Texas Instruments
Tianqi Lithium
Vigor
Webster
Wingtech

INVESTORS
AMCE
Antin
Ares Management
Brookfield
KKR
Lightyear Capital
Lone Star
Paine Schwartz
Regent
Renovus Capital
Third Point 
Trian
Wendel

FINANCIAL ADVISORS
ABN Amro
Alantra
Arcano Partners
Bank of America
Centerview Partners
Citigroup
D.A. Davidson
Deutsche Bank
Evercore
Goldman Sachs
Guggenheim
Harris Williams
Houlihan Lokey
Jefferies
JP Morgan
Lazard
Macquarie Group
Morgan Stanley
Oppenheimer
Robert W Baird
Roth Capital
Rothschild

LEGAL ADVISORS
A&O Shearman
AZB & Partners
CMS Legal
Cravath Swaine
Davis Graham
Davis Polk
De Brauw
Debevoise & Plimpton
DLA Piper
Freshfields
Garrigues
Gleiss Lutz
Jones Day
Jones Walker
Kirkland & Ellis
Latham & Watkins
Linklaters
Milbank
MWE
NautaDutilh
Perez Llorca
Ropes & Gray
Schoenherr
Skadden
Taylor Wessing
Uria Menendez
Walder Wyss
Weil Gotshal
White & Case
Wilson Sonsini
WLRK
Zhong Lun
 
PR ADVISORS
Brunswick
FGS Global
Gasthalter & Co
IMS
Joele Frank
Pitch PR
 
 
 
 
 
 
 
 
 
 
 
 
 
Read on...
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AMERICAS
 
Antin Infrastructure Partners to acquire Vigor Marine Group from Lone Star Funds.
 
Antin Infrastructure Partners, a private equity firm, agreed to acquire Vigor Marine Group, a marine services provider, from Lone Star Funds, a private equity firm, according to press releases. Financial terms were not disclosed.
 
Antin Infrastructure Partners is advised by JP Morgan, Latham & Watkins, Milbank and Brunswick Group (led by Tristan Roquet Montegon). Vigor Marine Group is advised by Evercore, Macquarie Group and Kirkland & Ellis, according to press releases.
 
Ares Management and DaVita to invest in Elara Caring.
 
Ares Management, a global alternative investment manager, and DaVita, a healthcare provider specializing in kidney care services, agreed to invest in Elara Caring, a provider of personalized in-home care services, according to press releases. Financial terms were not disclosed.
 
Ares Management and DaVita are advised by Guggenheim Partners, McDermott Will & Schulte and Ropes & Gray. Elara Caring is advised by Evercore, Harris Williams & Co, Debevoise & Plimpton and Skadden Arps Slate Meagher & Flom (led by Michael A. Civale), according to press releases and MergerLinks data.
 
Texas Instruments to acquire Silicon Labs for $7.5bn.
 
Texas Instruments, a semiconductor manufacturer, agreed to acquire Silicon Labs, a fabless global technology company, for $7.5bn, according to press releases.
 
Texas Instruments is advised by Goldman Sachs, A&O Shearman and Joele Frank (led by Joele Frank, Tim Ragones and Tim Lynch). Silicon Labs is advised by Qatalyst Partners, DLA Piper and FGS Global, according to press releases.
 
Quantum Computing completes the acquisition of Luminar Semiconductor from Luminar Technologies for $110m.
 
Quantum Computing, a quantum optics and integrated photonics technology company, completed the acquisition of Luminar Semiconductor, a semiconductor company developing chip-scale photonic and optoelectronic solutions, from Luminar Technologies, a global provider of automotive lidar technology, for $110m, according to press releases.
 
Quantum Computing was advised by Wilson Sonsini Goodrich & Rosati (led by Martin W. Korman), Houlihan Lokey and IMS Investor Relations (led by Rosalyn Christian and John Nesbett). Luminar Technologies was advised by Jefferies & Company, according to press releases and MergerLinks data.
 
Exclusive Investments completes the acquisition of Inspirato for $59m.
 
Exclusive Investments, a private investment firm, completed the acquisition of Inspirato, a premier luxury vacation club and property technology company, for $59m, according to press releases.
 
Exclusive Investments was advised by Latham & Watkins (led by Charles Ruck). Inspirato was advised by ROTH Capital Partners and Davis Graham & Stubbs, according to press releases and MergerLinks data.
 
Orion completes the acquisition of J. E. McAmis for $70m.
 
Orion, a specialty construction company, completed the acquisition of J. E. McAmis, a heavy civil and marine contractor, for $70m, according to press releases.
 
Orion was advised by Oppenheimer & Co, D.A. Davidson & Co and Jones Walker, according to press releases.
 
Lightyear Capital to acquire PayByPhone from Corpay.
 
Lightyear Capital, a private equity firm, agreed to acquire PayByPhone, a technology company specializing in digital parking solutions, from Corpay, a global business payments and spend management company, according to press releases. Financial terms were not disclosed.
 
Corpay is advised by Deutsche Bank and Jones Day (led by Patrick Baldwin), according to press releases.  
 
Renovus Capital-backed Superior Health completes the acquisition of Pulse Home Health and Hospice.
 
Renovus Capital-backed Superior Health, a provider of home health and hospice services, completed the acquisition of Pulse Home Health and Hospice, a family‑owned healthcare provider, according to press releases. Financial terms were not disclosed.
 
Renovus Capital was advised by Gasthalter & Co (led by Mark Semer), according to press releases.
 
Paine Schwartz Partners-backed Registrar completes the acquisition of TechniCAL.
 
Paine Schwartz Partners-backed Registrar, a global regulatory compliance firm, completed the acquisition of TechniCAL, a consulting firm, according to press releases. Financial terms were not disclosed.
 
Registrar was advised by Pitch Public Relations (led by Kelly Potts), according to press releases. 
 
Michelin to acquire Flexitallic.
 
Michelin, a provider of a wide range of tires, agreed to acquire Flexitallic, a manufacturer of industrial static sealing products, according to press releases. Financial terms were not disclosed.
 
Billionaire activist investor Peltz open to more buyouts. (Reuters)
 
Nelson Peltz stated that he is considering buying companies outright again through Trian Fund Management, signaling a potential return to full takeovers alongside activist campaigns.
 
The billionaire investor, who co-founded Trian in 2005, stated that future deals could complement his long-standing strategy of pushing for management and board changes at major companies.
 
Anthropic plans employee tender offer at $350bn valuation. (Bloomberg)
 
Anthropic is preparing an employee tender offer that would allow staff to sell shares at a valuation of at least $350bn, alongside a funding round that could raise more than $20bn.
 
The tender would let employees cash out part of their equity, with the valuation matching discussions in the ongoing pre-money fundraising.
 
Wall Street broker Clear Street seeks $1.05bn in IPO. (Bloomberg)
 
Clear Street is seeking to raise up to $1.05bn in an initial public offering, as the cloud-based brokerage moves toward a public listing.
 
The company plans to offer 23.8m shares priced at $40–$44 each, with the IPO expected to price on February 12.
 
D.E. Shaw to push for board shake-up at CoStar. (WSJ)
 
D.E. Shaw is preparing to press for board changes and broader strategic shifts at CoStar Group, adding to activist pressure already coming from Third Point.
 
The hedge fund argues CoStar’s shares have underperformed due to losses linked to its investment in Homes.com and plans to publicly outline its concerns in a letter to the board.
 
Brookfield Asset Management names Connor Teskey CEO. (WSJ)
 
Brookfield Asset Management has appointed Connor Teskey as chief executive, succeeding long-time CEO Bruce Flatt, who will remain chairman and continue as CEO of parent Brookfield.
 
The move follows heightened focus on succession after Flatt took on the chair role in 2025, following Mark Carney’s departure to pursue political leadership in Canada.
 
EMEA
 
Colliers to acquire Ayesa Engineering from A&M Capital and the Manzanares family for €600m.
 
Colliers, a Canada-based diversified professional services and investment management company, agreed to acquire Ayesa Engineering, the engineering division of Ayesa, a global provider of technology and engineering services, from A&M Capital, a pan-European private equity firm, and the Manzanares family, for €600m ($700m), according to press releases.
 
A&M Capital and the Manzanares family are advised by Arcano Partners (led by Jorge Vasallo), Robert W Baird, Perez Llorca and Weil Gotshal and Manges. Colliers are advised by Alantra and Uria Menendez, according to press releases and MergerLinks data.
 
Regent completes the acquisition of the ContiTech OESL business from Continental.
 
Regent, a private equity firm, completed the acquisition of the ContiTech OESL business from Continental, an automotive parts manufacturing company, according to press releases. Financial terms were not disclosed.
 
Regent was advised by Taylor Wessing (led by Sven Schweneke and Hendrik Boss). Continental was advised by Roland Berger (led by Sven Kleindienst), JP Morgan and Freshfields (led by Arne Krawinkel and Christoph H. Seibt), according to press releases and MergerLinks data.
 
ABM completes the acquisition of WGNSTAR for $275m.
 
ABM, a provider of integrated facility, infrastructure, and technical solutions, completed the acquisition of WGNSTAR, a provider of managed workforce solutions and equipment support services for the semiconductor and high-technology industries, for $275m, according to press releases.
 
ABM was advised by Joele Frank (led by Michael Freitag). WGNSTAR was advised by Houlihan Lokey, according to press releases and MergerLinks data.
 
Henkel to acquire Stahl from Wendel for €2.1bn.
 
Henkel, a German multinational chemical and consumer goods company, agreed to acquire Stahl, a company specializing in coatings and treatments for flexible substrates, from Wendel, an investment company, for €2.1bn ($2.48bn), according to press releases.
 
Wendel is advised by Morgan Stanley, according to MergerLinks data.
 
Medtronic to acquire CathWorks at a valuation of $585m.
 
Medtronic, a medical device company, agreed to acquire CathWorks, a digital health technology company, at a valuation of $585m, according to press releases.
 
Zurich Insurance wins Beazley backing with sweetened £8bn bid. (Reuters)
 
Beazley stated that it would recommend a sweetened takeover offer from Zurich Insurance once a firm proposal is made, after previously rejecting multiple bids. The improved offer values the UK specialty insurer at about £8bn ($11bn).
 
Zurich would pay £13.10 pence ($17.92) per share in cash plus permitted dividends of up to 25 pence per share, taking the total value to £13.35 pence ($18.27) per share.
 
Brookfield nears sale of London’s CityPoint office tower. (Bloomberg)
 
Brookfield is in exclusive talks to sell London’s CityPoint office tower to private equity firm Castleforge for about £455m ($623m), roughly matching the debt secured against the property.
 
The 36-storey building is backed by a financing package that includes commercial mortgage-backed securities and a junior loan facility.
 
Nestlé adds Deutsche Bank for water business stake sale. (Bloomberg)
 
Nestlé has appointed Deutsche Bank to advise on a potential sale of a 50% stake in its water business, which could be valued at around €5bn ($5.9bn).
 
Deutsche Bank will work alongside Rothschild, with Nestlé seeking initial bids by March after launching the separation process for brands including Perrier and S.Pellegrino.
 
Drone maker WB Electronics eyes Warsaw IPO in about a year. (Bloomberg)
 
WB Electronics has begun preparations for an initial public offering in Warsaw, with the Polish drone manufacturer targeting a listing in late 2026 or early 2027.
 
The company has appointed White & Case as legal adviser and plans to select banks to arrange the offering in the coming months.
 
APAC
 
KKR and Singtel to acquire the remaining 82% stake in ST Telemedia Global Data Centres from ST Telemedia for $5.1bn.
 
KKR, an investment firm, and Singtel, a Singaporean multinational telecommunications conglomerate, agreed to acquire the remaining 82% stake in ST Telemedia Global Data Centres, a data centre provider, from ST Telemedia, an active investor in the communications, media and technology areas, for $5.1bn, according to press releases.
 
Singtel is advised by Morgan Stanley, according to MergerLinks data.
 
Tianqi plans SQM share sale, paving way for exit. (Bloomberg)
 
Tianqi Lithium plans to sell up to 1.25% of its stake in Chilean lithium producer SQM and has authorized a potential sale of its entire holding.
 
The initial sale could involve about 3.57m shares valued at roughly $206m, while approval to sell the remaining 62.6m shares within a year paves the way for a full exit.
 
Wingtech CFO resigns citing personal reasons. (Reuters)
 
Wingtech stated that its chief financial officer Zhang Yanru has resigned for personal reasons.
 
The resignation followed the company’s disclosure that it expects a loss for 2025 after losing control of its European chipmaking unit Nexperia, which triggered a sharp selloff in its shares.

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