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Top Highlights
Intesa Sanpaolo, one of the top banking groups in Europe, offered to acquire Monte dei Paschi di Siena, an Italian credit institution founded in 1472, for €30.6bn ($35.2bn), according to press releases.
Intesa Sanpaolo is advised by JP Morgan, Provasoli Advisory Partners and PedersoliGattai, according to press releases.
Ingredion, an American food and beverage ingredient provider, agreed to acquire Tate & Lyle, a global supplier of diverse food and beverage products, for £3.8bn ($5bn), according to press releases.
Terveystalo, a Finland-based healthcare service provider, agreed to acquire Silmäasema, a Finland-based eye healthcare and optical retail provider, from Coronaria, a Finland-based healthcare and social services provider, for €574m ($661m), according to press releases.
Terveystalo is advised by SEB Corporate Finance, Krogerus and Burson Finland. Debt financing is provided by Danske Bank, Nordea Bank, OP Corporate Bank and SEB Corporate Finance. Silmäasema and Coronaria are advised by Astrea. Silmäasema is advised by DNB Carnegie Investment Bank. Coronaria is advised by Roschier Attorneys, according to press releases.
AMERICAS
JP Morgan may consider buying Carlyle Global Credit if put on sale. (New York Post)
Blackstone looks to sell $2bn of stakes in private investment funds. ( FT)
United Airlines CEO says big merger unlikely after American rebuff, asset buys possible. ( Reuters)
Bending Spoons announces filing of registration statement for proposed initial public offering. ( RNS Announcement)
EMEA
UK competition watchdog launches probe into eBay's purchase of Depop. ( Reuters)
APAC
China’s Moonshot AI seeks $30bn value in new funding talks. ( Bloomberg)
Carlsberg nears filing for $700mn India IPO. ( Bloomberg)
Goldman-backed Go prices Japan’s biggest 2026 IPO at upper end. ( Bloomberg)
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COMPANIES
FINANCIAL ADVISORS
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AMERICAS
Quantum Space, a space infrastructure company, agreed to go public via a SPAC merger with Inflection Point Acquisition Corp VI, a special purpose acquisition company, at a valuation of $1.2bn, according to press releases.
Quantum Space is advised by Cantor Fitzgerald and Reed Smith. Inflection Point is advised by White & Case, Cantor Fitzgerald and Moelis & Co. Cantor Fitzgerald and Moelis & Co are advised by DLA Piper, according to press releases.
Incyte, a global biopharmaceutical company, agreed to acquire Vega Therapeutics, a wholly-owned subsidiary of Star Therapeutics, a biotechnology company focused on the discovery and development of life-changing therapies for diseases with significant unmet need, for up to $2bn, according to press releases.
Incyte is advised by Lazard and Goodwin Procter. Star Therapeutics is advised by Evercore, Morgan Stanley and Fenwick & West, according to press releases.
Arcline Investment Management, a growth-oriented private equity firm, agreed to acquire Continental Aerospace Technologies, a designer and manufacturer of piston aircraft engines and provider of related aftermarket products and services for the general aviation market, for $535m, according to press releases.
Arcline is advised by JP Morgan and Freshfields, according to press releases.
Johnson & Johnson, an American multinational pharmaceutical, biotechnology, and medical technologies corporation, agreed to acquire Firefly Bio, a biotechnology company, for $1bn, according to press releases.
GIC, a sovereign wealth fund, led a $500m Series F round in Supabase, an open-source Backend-as-a-Service platform, with participation from Accel, Y Combinator, Craft, Felicis, Peak XV, Coatue and Salesforce Ventures, according to press releases.
Jeff Bezos and GV, a venture capital firm, led a $500m funding round in Flourish, a neuroscience-focused artificial intelligence company developing energy-efficient AI models inspired by human brain architecture, with participation from Lux Capital and Catalio Capital Management.
Radical Ventures, a venture capital firm, led a $400m funding round in Generalist AI, a robotics startup, with participation from 8VC, Union Square Ventures, Norwest, Hanabi Capital, Nvidia and Bezos Expeditions, according to press releases.
Smash Capital, an emerging growth and later stage consumer internet and software VC firm, led a $200m Series B round in Allen Control Systems, an autonomous precision robotics firm, with participation from Craft Ventures, Rally Ventures and Inspired Capital, according to press releases.
Oklo, an advanced nuclear technology company, completed the acquisition of ARMEC, a precision manufacturing and engineering firm based in Oak Ridge, Tennessee, according to press releases. Financial terms were not disclosed.
JP Morgan may consider buying Carlyle Global Credit if put on sale. ( New York Post)
JP Morgan is weighing a potential acquisition of Carlyle Global Credit if the unit is put up for sale. The business, part of Carlyle, manages about $194bn in assets across private credit strategies.
The interest aligns with CEO Jamie Dimon’s stated openness to pursue large acquisitions in the $10bn–$20bn range, particularly in areas such as private credit or wealth management. Any transaction remains highly speculative, with no sale process confirmed and no formal approach made.
Blackstone looks to sell $2bn of stakes in private investment funds. ( FT)
Blackstone is exploring a transaction to sell more than $2bn of stakes in private investment funds, potentially through a collateralised fund obligation structure that would package the assets into bonds for investors. The process is being advised by Jefferies and remains at an early stage.
The deal would provide liquidity to investors in Blackstone Strategic Partners funds and test demand for secondary private equity exposure amid a challenging exit environment. Buyout firms are holding large volumes of unsold assets, and secondary solutions such as securitisations and stake sales are increasingly being used to return capital.
United Airlines CEO says big merger unlikely after American rebuff, asset buys possible. ( Reuters)
United Airlines is unlikely to pursue a major merger transaction following the rejection of a tie‑up with American Airlines, CEO Scott Kirby indicated. The earlier approach was declined on antitrust grounds, effectively closing off large‑scale consolidation for now.
The airline remains open to targeted asset acquisitions, including airport slots, gates, and other infrastructure, particularly if weaker competitors come under pressure from rising fuel costs. Management signalled that any future large merger would require a willing partner, while the near‑term strategy is focused on opportunistic asset purchases rather than full combinations.
Bending Spoons announces filing of registration statement for proposed initial public offering. ( RNS Announcement)
Bending Spoons has publicly filed for a US IPO, submitting a Form F‑1 with the Securities and Exchange Commission as it prepares to list its shares on Nasdaq under the ticker BSP. The Italian technology company is best known for acquiring and scaling digital platforms across software and media.
Details such as offering size, pricing, and timing have not been disclosed and remain subject to market conditions. The IPO is being led by Goldman Sachs, JP Morgan, and Allen & Co., with a broad syndicate of global banks participating, as Bending Spoons looks to expand its acquisition‑driven growth strategy.
EMEA
Thoma Bravo, a private equity firm, agreed to acquire Kneat, a provider of digital validation and quality process automation, for CAD650m ($466m), according to press releases.
Kneat is advised by ATB Cormark Capital Markets, CIBC Capital Markets, Dentons and Fogler Rubinoff. Thoma Bravo is advised by Scotiabank, Goodmans, Kirkland & Ellis and FGS Global (led by Akash Lodh), according to press releases.
Temenos, a banking technology company, agreed to acquire additiv, a Switzerland-based fintech company that provides a specialist platform to orchestrate financial services, according to press releases. Financial terms were not disclosed.
A consortium of investors, including telecommunication services providers Bouygues Telecom, Orange and Iliad, agreed to acquire SFR, a France-based telecommunications operator, from Altice France, a France-based telecommunications operator, for €20.35bn ($23.5bn), according to press releases.
Aspia, a consulting and outsourcing firm, completed the acquisition of Quickinsight, a financial advisory firm, according to press releases. Financial terms were not disclosed.
UK competition watchdog launches probe into eBay's purchase of Depop. ( Reuters)
The UK’s Competition and Markets Authority has launched an investigation into eBay’s $1.2bn acquisition of Depop from Etsy, opening a formal review of the transaction. The probe will assess whether the deal could reduce competition in the online resale and fashion marketplace sector.
The acquisition, announced earlier in 2026, is part of eBay’s strategy to strengthen its position in Gen Z‑focused resale, while Etsy refocuses on its core marketplace. The review introduces regulatory uncertainty around completion, with both companies yet to comment on the CMA’s decision.
APAC
Carlyle, a US-based global private equity and alternative asset manager, agreed to acquire Chung Ho Group, a South Korea-based manufacturer and rental provider of environmental and lifestyle appliances, for $700m, according to press releases.
Carlyle is advised by The SIGNATURE (led by Jason Sohn), according to press releases.
C.banner International, a China-based fashion and retail group, agreed to acquire a majority stake in Benyuan Zhishu, a China-based artificial intelligence data services provider, according to press releases. Financial terms were not disclosed.
China’s Moonshot AI seeks $30bn value in new funding talks. ( Bloomberg)
Moonshot AI, the Chinese startup behind the Kimi chatbot, is seeking to raise up to $2bn in a new funding round that could value the company at around $30bn. The talks mark their third financing effort in six months as competition in China’s AI sector intensifies.
The discussions follow a recent funding round led by Meituan that valued Moonshot at about $20bn, implying a rapid step‑up in valuation. The capital raise is aimed at scaling model development and infrastructure as the company competes with leading domestic and global AI players.
Carlsberg nears filing for $700mn India IPO. ( Bloomberg)
Carlsberg is preparing to file for an IPO of its India unit as early as this month, in a transaction that could raise up to $700m. The Danish brewer is working with Kotak Mahindra Capital, JP Morgan, and Citi on the proposed listing.
The IPO is expected to be primarily a secondary share sale by Carlsberg and could take place later in 2026, though details remain under discussion and no final decision has been made. The move comes as global alcohol producers increasingly look to unlock value from their Indian operations, one of the world’s fastest‑growing beer markets.
Goldman-backed Go prices Japan’s biggest 2026 IPO at upper end. ( Bloomberg)
Go, the Japanese taxi‑hailing platform backed by Goldman Sachs, priced its IPO at the top of the marketed range, signaling strong investor demand. Shares were sold at JPY2.4k ($15), the upper end of the JPY2.35k–JPY2.4k ($14.65-$15) range.
The offering raised about JPY88.6bn ($553m) and implies a market value of roughly JPY186bn ($1.16bn), making it Japan’s largest IPO so far in 2026. Trading is set to begin on June 16 2026, with proceeds going to selling shareholders.
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