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AMERICAS

Brookfield Capital Partners completes the acquisition of Antylia Scientific from GTCR for $1.4bn.

Brookfield Capital Partners, a global investment firm, completed the acquisition of Antylia Scientific, a provider of biopharma, environmental and life sciences, from GTCR, a private equity firm, for $1.4bn, according to press releases.

Antylia Scientific was advised by Goldman Sachs, Jefferies & Company and Kirkland & Ellis. GTCR was advised by JP Morgan and Prosek Partners. Brookfield Capital Partners was advised by UBS. UBS was advised by Milbank (led by Marcus Dougherty), according to press releases and MergerLinks data.

Gemspring Capital to acquire a majority stake in the chemical business from Goodyear Tire & Rubber for $650m.

Gemspring Capital, a private equity firm, agreed to acquire a majority stake in the chemical business from Goodyear Tire & Rubber, a tire manufacturer, for $650m, according to press releases.

Gemspring Capital is advised by Greenhill & Co, Piper Sandler and Kirkland & Ellis (led by Michael J. Sartor). Goodyear is advised by Deutsche Bank, Lazard and Squire Patton Boggs, according to press releases.

Littlejohn completes the acquisition of RailPros from Court Square Capital Partners.

Littlejohn, a private investment firm, completed the acquisition of RailPros, a provider of outsourced services to rail, utilities, and transportation clients, from Court Square Capital Partners, a private equity firm that invests in and partners with middle-market companies, according to press releases. Financial terms were not disclosed.

Littlejohn was advised by Houlihan Lokey, Jefferies & Company, Wells Fargo, Ropes & Gray and Gasthalter & Co (led by Nathaniel Garnick). RailPros was advised by Lincoln International and Piper Sandler, according to press releases.

Coalesce Capital completes the acquisition of DAS Health from Sheridan Capital Partners.

Coalesce Capital, a private equity firm, completed the acquisition of DAS Health, a provider of healthcare IT and business solutions, from Sheridan Capital Partners, a Chicago-based private equity firm, according to press releases. Financial terms were not disclosed.

Coalesce Capital was advised by Lazard, Latham & Watkins and Joele Frank (led by Ed Trissel). DAS Health was advised by Houlihan Lokey and McDermott Will & Emery, according to press releases.

EagleTree Capital completes the investment in NuTrail.

EagleTree Capital, a private equity firm, completed the investment in NuTrail, a firm producing no sugar added nut granola that is gluten-free and non-GMO, according to press releases. Financial terms were not disclosed.

NuTrail was advised by Ernst & Young, Houlihan Lokey and Winston & Strawn. EagleTree Capital was advised by Alvarez & Marsal and Jones Day (led by Emily Cai, Andrew M. Levine and Charles N. Bensinger III), according to press releases and MergerLinks data.

Vista Equity Partners to acquire Acumatica from EQT.

Vista Equity Partners, a company specializing in enterprise software investments, agreed to acquire Acumatica, a company focused on cloud-native ERP solutions for small and mid-sized businesses, from EQT, a private equity firm, according to press releases. Financial terms were not disclosed.

Acumatica is advised by Moelis & Co, Simpson Thacher & Bartlett, and Communique PR (led by Megan Nielson). Vista Equity Partners is advised by Greenberg Traurig, according to press releases.

LLR Partners completes the investment in TruTechnologies.

LLR Partners, a private equity firm, completed the investment in TruTechnologies, provider of real-time clinical trial oversight, according to press releases. Financial terms were not disclosed.

TruTechnologies was advised by Bank of America and Wachtell Lipton Rosen & Katz (led by Matthew M. Guest). LLR Partners was advised by DLA Piper, according to press releases and MergerLinks data.

Samsung in talks to invest in California-based Exo. (Bloomberg)

Samsung Electronics' investment division is reportedly one of several firms looking to invest in US-based healthcare software and device maker Exo Imaging.

Samsung Ventures Investment is considering joining a private funding round led by Sands Capital, Bold Capital, and Qubit Health Capital. Exo, headquartered in Santa Clara, California, could raise around $100m through this round.

IG4 Capital in talks to invest in Brazil's Rio Alto Energias. (Reuters)

A new fund managed by IG4 Capital is in advanced negotiations with creditors of Brazilian renewable energy firm Rio Alto Energias Renovaveis to restructure its debt and inject capital into the business.

Rio Alto, which focuses on developing and operating solar energy projects, has a portfolio exceeding 1.8 GW in operational and pipeline assets. The company has been working to avoid bankruptcy proceedings amid financial difficulties.

Clara Capital surpasses $300m in SMB funding. (Press Release)

Clara Capital Servicing, a provider of alternative financial solutions for small and medium-sized businesses, announced that it has achieved a major growth milestone by surpassing $300m in SMB funding.

“These milestones represent Clara’s evolution from a fast-growing lender to a fully integrated fintech platform,” Ryan Adwar, Clara Capital CEO.

EMEA

Movendo Capital and Draycott complete the acquisition of VERESCENCE from Stirling Square Capital.

Movendo Capital, a Netherlands-based investment firm specializing in venture and growth capital, and Draycott, a diversified asset manager, completed the acquisition of VERESCENCE, a France-based manufacturer specializing in glass packaging for the beauty and perfume industries, from Stirling Square Capital, a private equity firm, according to press releases. Financial terms were not disclosed.

VERESCENCE was advised by Scotto Partners. Movendo Capital was advised by Bredin Prat (led by Jose Maria Perez). Draycott was advised by Gibson Dunn & Crutcher (led by Bertrand Delaunay). Stirling Square was advised by Rothschild & Co (led by Laurent Baril) and Mayer Brown, according to press releases and MergerLinks data.

HGGC to acquire Inspired for $175m.

HGGC, a private equity firm, agreed to acquire Inspired, an energy and sustainability advisor, for $175m, according to press releases.

Inspired is advised by Evercore (led by Edward Banks), Panmure Liberum (led by Edward Mansfield), Shore Capital & Corporate (led by Patrick Castle) and Alma PR (led by Justine James), according to press releases.

Bugaboo completes the acquisition of Joolz from Gimv.

Bugaboo, a Dutch design company that makes parental products, completed the acquisition of Joolz, a company that offers strollers and accessories designed for parents, from Gimv, a European investment company, according to press releases. Financial terms were not disclosed.

Bugaboo was advised by De Brauw Blackstone Westbroek. Gimv was advised by PricewaterhouseCoopers and Loyens & Loeff (led by Anke van Holthe tot Echten), according to MergerLinks data.

Terlos to acquire Casa Optima from Charterhouse Capital Partners.

Terlos, a private equity firm, agreed to acquire Casa Optima, a company that offers a wide range of products and services, including artisan gelato, high pastry, professional decorations, and beverage options, from Charterhouse Capital Partners, a private equity firms operating in Europe, according to press releases. Financial terms were not disclosed.

Charterhouse Capital Partners is advised by Prosek Partners, according to press releases.

HIG Capital to acquire workwear business of Rentokil Initial for $465m.

HIG Capital, a private equity and alternative assets investment firm, agreed to acquire workwear business of Rentokil Initial, a pest control, hygiene and wellbeing services provider, for $465m, according to press releases.

Rentokil Initial is advised by Goldman Sachs, according to press releases.

Bridgepoint to acquire Finzzle Groupe.

Bridgepoint, a quoted private asset growth investor, agreed to acquire Finzzle Groupe, a wealth management consultancy, according to press releases. Financial terms were not disclosed.

FountainVest seeks $1.32bn in Arc’teryx maker share sale. (Bloomberg)

FountainVest Partners is seeking to raise up to $1.32bn through the sale of about 35m shares in Amer Sports at a price range of $37.20 to $37.73 per share.

The sale represents roughly half of its stake in the sporting goods maker, whose brands include Arc’teryx. FountainVest was part of the group that acquired Amer in 2019 for $5.2bn.

GlobalData extends deadline for ICG takeover Bid, ends talks with KKR. (Reuters)

GlobalData, a London-based data analytics and consulting firm, announced that it has extended the deadline to June 11 for private equity group ICG to submit a formal takeover offer. At the same time, the company has terminated discussions with KKR after both parties were unable to agree on the terms of a potential deal.

In April, the data analytics and consulting firm announced it was in discussions with funds managed by ICG and KKR regarding a potential all-cash acquisition offer. The proposal also included an option allowing shareholders to choose an unlisted equity alternative.

Neinor Homes eyes major stake in Aedas to form Spain’s largest developer. (Bloomberg)

Neinor Homes is in advanced talks to acquire a significant stake in its competitor Aedas Homes, a potential transaction that could result in the creation of Spain’s largest property developer with a combined market valuation of approximately $2.6bn.

Neinor is negotiating with Castlelake, the majority shareholder of Aedas, regarding a possible acquisition. Castlelake currently holds a 79% stake in Aedas. Apollo Global Management is collaborating with Neinor to arrange financing for the proposed deal, although the specifics remain confidential.

Verisure IPO headed to Stockholm in €20bn listing plan. (Bloomberg)

Hellman & Friedman selected Stockholm as the preferred venue for the initial public offering of Verisure, the European security firm. The listing could value the company at over €20bn ($23bn) including debt.

Goldman Sachs and Morgan Stanley are leading the advisory group, with DNB Carnegie recently appointed as joint global coordinator. The IPO would mark a major milestone for Verisure and a significant exit for its private equity backer.

Dubai Residential REIT soars in market debut amid property boom. (Bloomberg)

Dubai Holding’s $584m residential real estate investment trust made a strong entrance on its trading debut, reflecting continued investor enthusiasm amid the city’s booming property market. The REIT's launch underscores the growing appeal of Dubai’s real estate sector to global and regional investors.

On May 28 morning, Dubai Residential REIT climbed over 10% to reach $0.33 per unit. The offering had been priced at $0.30 per unit - the upper end of its proposed range, resulting in an implied market capitalization of approximately $3.9bn.

Saudi Arabia’s wealth fund is said to explore tech unit’s IPO. (Bloomberg)

Saudi Arabia’s Public Investment Fund is exploring a potential initial public offering of its wholly-owned technology firm, Saudi Information Technology.

Banks have been invited to pitch for roles on the possible listing. The process remains at an early stage, with key details such as the offer size and timeline still under discussion. The move is part of the kingdom’s broader push to generate capital for its economic diversification strategy.

APAC

KSL Capital Partners completes the investment in Soneva.

KSL Capital Partners, an alternative investment firm, completed the investment in Soneva, a pioneer in sustainable luxury hospitality, according to press releases. Financial terms were not disclosed.

KSL Capital was advised by Joele Frank (led by Kate Thompson and Erik Carlson), according to press releases.

Hillhouse Investment led a $100m Series A round in Digua Robotics. (DealStreetAsia)

Hillhouse Investment, a global investment firm, led a $100m Series A round in Digua Robotics, a spinoff company of Horizon Robotics offering development infrastructure for consumer and industrial robots, with participation from 5Y Capital, Linear Capital, Hermitage Capital, Unity Ventures, Vertex Growth, Monolith Management, Dunhong Capital Management, AlphaX Partners, Plum Ventures and Huangpu River Capital, according to DealStreetAsia.

Foxconn among suitors for UTAC in potential $3bn deal. (Reuters)

Taiwanese electronics giant Foxconn is reportedly evaluating a bid for UTAC, a Singapore-based semiconductor assembly and testing firm, in a transaction that could value the company at around $3bn.

UTAC is currently owned by Wise Road Capital, a Beijing-based private equity firm, which has engaged Jefferies to manage the sale. Non-binding offers are expected by the end of the month, with multiple bidders potentially in play.

Denso in talks to buy Temasek-backed seed maker for $500m. (Bloomberg)

Denso is in final negotiations to acquire Axia Vegetable Seeds Group for approximately $500m, marking a significant step in the Japanese auto parts supplier’s push into the agriculture sector.

Temasek, the Singapore-based investment firm that holds nearly 50% of Axia, is expected to earn a profit from the transaction. The deal is in its final stages, with details still subject to change.

Cerberus eyes Darwin Port amid Australia's local ownership push. (Reuters)

Cerberus Capital Management, the US private equity firm, has expressed preliminary interest in acquiring the lease of Darwin Port from its Chinese operator - Landbridge Group.

The interest aligns with the Australian government's broader goal of returning the strategically important port to domestic hands. However, Landbridge has maintained that the port is not for sale and has not engaged in discussions with the Australian government regarding a transfer.

Quadria Capital closes $1bn fund to advance healthcare transformation across Asia. (Press Release)

Quadria Capital, a private equity firm specializing in healthcare, has announced the successful final close of its third fund, securing $1bn in total commitments.

The amount notably surpasses the initial target of $800m, but the firm expects to raise another $300m in co-investment capital during the investment period, potentially increasing the total committed capital to around $1.3bn once fully deployed.

Cathay Innovation closes $1bn VC fund. (Press Release)

Cathay Innovation held the final close of Cathay Innovation Fund III at $1bn, making it the largest AI-dedicated VC fund coming out of the European Union - with a global investment scope and platform built to bring AI into industry at scale.

Cathay Innovation Fund III, launched in July 2022, invests in vertical AI solutions across four key sectors: digital health, fintech, consumer, and mobility/energy. To date, the fund has already made 14 investments across the US, Europe, and Asia.

Multiples closes $430m continuation fund in partnership with global investors. (Press Release)

Multiples Alternate Asset Management, an India-focused private equity firm, has closed a $430m continuation fund led by global investors HarbourVest Partners, Hamilton Lane, LGT Capital Partners, and TPG NewQuest.

The fund was created to acquire stakes in three rapidly scaling businesses: Vastu Housing Finance, an affordable housing finance services provider, Quantiphi, an AI and digital engineering company and APAC Financial Services, a growing financial services network.

Multiples was advised by UBS, Kirkland & Ellis, Trilegal and PwC. Lead investors were advised by Debevoise & Plimpton.

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