Kennedy Wilson Management and Fairfax Financial complete the acquisition of Kennedy Wilson in a $1.65bn deal.

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AMERICAS

One Equity Partners-backed MediaKind completes the acquisition of the video business of Harmonic for $145m.

One Equity Partners-backed MediaKind, a global video technology company, completed the acquisition of the video business of Harmonic, a technology company providing virtualized broadband and video delivery solutions, for $145m, according to press releases.

MediaKind was advised by Moelis & Co, Baker McKenzie (led by Jannan Crozier and Eli Clinton-Davis), FTI Consulting and Davis Polk & Wardwell. Harmonic was advised by Jefferies & Company and Wilson Sonsini Goodrich & Rosati (led by Ethan Lutske, John McGaraghan and Robert G. Day), according to press releases and MergerLinks data.

KPS Capital Partners completes the acquisition of a majority stake in Jennmar from FalconPoint Partners.

KPS Capital Partners, an American investment company, completed the acquisition of a majority stake in Jennmar, a provider of infrastructure products and specialized services to the civil infrastructure, from FalconPoint Partners, a private equity firm, according to press releases. Financial terms were not disclosed.

Jennmar and FalconPoint were advised by Evercore, Rothschild & Co, Lowenstein Sandler and Joele Frank (led by Ed Trissel and Sarah Salky). KPS Capital Partners was advised by Jefferies & Company and Paul Weiss Rifkind Wharton & Garrison (led by Angelo Bonvino, Cullen Sinclair and Bathiya Sheriffdeen), according to press releases and MergerLinks data.

Blackstone and Viking Global-backed Enstructure to acquire the marine terminal division of Blue Wolf and Stonepeak-backed LOGISTEC.

Blackstone and Viking Global-backed Enstructure, a North American marine terminal and logistics company, agreed to acquire the marine terminal division of Blue Wolf and Stonepeak-backed LOGISTEC, a marine terminal operator and logistics services provider, according to press releases. Financial terms were not disclosed.

Enstructure is advised by Rothschild & Co, Latham & Watkins and Stikeman Elliott. LOGISTEC is advised by TD Securities. Blue Wolf is advised by McCarthy Tetrault and Willkie Farr & Gallagher, according to press releases.

Prestige Consumer Healthcare completes the acquisition of the Breathe Right brand and a portfolio of other over-the-counter consumer health and wellness brands from Foundation Consumer Healthcare for $1.045bn.

Prestige Consumer Healthcare, a consumer healthcare products company, completed the acquisition of the Breathe Right brand and a portfolio of other over-the-counter consumer health and wellness brands from Foundation Consumer Healthcare, an over-the-counter consumer healthcare company, for $1.045bn, according to press releases.

Prestige Consumer Healthcare was advised by Citigroup (led by Awais Kharal) and Alston & Bird. Foundation Consumer Healthcare was advised by Canaccord Genuity (led by Sam Moser, Fuad Sawaya and Mike Raffaniello), Skadden Arps Slate Meagher & Flom (led by Michael A. Civale) and RJ Communications (led by Janene Ferrara), according to MergerLinks data and press releases.

Montagu to acquire a majority stake in BMC Helix from KKR-backed BMC Software.

Montagu, a European private equity firm, agreed to acquire a majority stake in BMC Helix, a provider of AI-powered IT service management, from KKR-backed BMC Software, an enterprise IT operations and automation company, according to press releases. Financial terms were not disclosed.

Montagu is advised by Perella Weinberg Partners, Kirkland & Ellis and Greenbrook (led by James Madsen and Cecile Oerting). BMC and Helix are advised by Jefferies & Company and Simpson Thacher & Bartlett, according to press releases.

Bayer completes the acquisition of Perfuse Therapeutics for $2.45bn.

Bayer, a German multinational pharmaceutical and life sciences company, completed the acquisition of Perfuse Therapeutics, a biopharmaceutical company pioneering research into the treatment of ischemia-induced ocular diseases, for $2.45bn, according to press releases.

Perfuse Therapeutics was advised by Centerview Partners (led by E. Eric Tokat and Tommaso Verderame) and Goodwin Procter (led by Mitchell Bloom). Bayer was advised by Bank of America and Baker McKenzie (led by Alan F. Zoccolillo, Oren Livne and Jieun Tak), according to press releases and MergerLinks data.

Zydus Lifesciences completes the acquisition of Assertio for $166.4m.

Zydus Lifesciences, a major Indian multinational pharmaceutical company, completed the acquisition of Assertio, a pharmaceutical company, for $166.4m, according to press releases.

Assertio was advised by Moelis & Co, Gibson Dunn & Crutcher (led by Ryan Murr) and Longacre Square Partners. Zydus Lifesciences was advised by Paul Weiss Rifkind Wharton & Garrison (led by Chelsea Darnell and Krishna Veeraraghavan), according to press releases and MergerLinks data.

Bertram Capital completes the acquisition of a minority stake in The Bluebird Group from HIG Capital.

Bertram Capital, a private equity firm, completed the acquisition of a minority stake in The Bluebird Group, a full-service omnichannel retail commerce agency, from HIG Capital, a private equity and alternative assets investment firm, according to press releases. Financial terms were not disclosed.

Bertram Capital was advised by BrightTower (led by Juan Mejia). The Bluebird Group and HIG Capital were advised by Paul Hastings and Canaccord Genuity (led by Sanjay Chadda and Lexia Schwartz), according to press releases and MergerLinks data.

HR HealthCare completes the acquisition of SteriGear.

HR HealthCare, a US medical technology and products company, completed the acquisition of SteriGear, a US-based medical device manufacturer specializing in urinary drainage management products and protective medical covers and drapes, according to press releases. Financial terms were not disclosed.

HR HealthCare was advised by Miles & Stockbridge. SteriGear was advised by Dorsey & Whitney and Capital Eleven (led by Donald Bielen), according to press releases.

CVC Capital Partners to acquire a majority stake in WillowWood from Blue Sea Capital.

CVC Capital Partners, a private equity and investment advisory firm, agreed to acquire a majority stake in WillowWood, an international manufacturer of prosthetic products for amputees, from Blue Sea Capital, a Florida-based private equity firm. Blue Sea Capital will remain an investor in WillowWood alongside the Arbogast family and the company's management team following their reinvestment in the transaction, according to press releases. Financial terms were not disclosed.

CVC Capital Partners is advised by Weil Gotshal and Manges (led by Gareth Clark). WillowWood is advised by Houlihan Lokey, according to MergerLinks data.

Fenchurch Advisory Partners to merge with Broadhaven Capital Partners.

Fenchurch Advisory Partners, an independent investment banking advisory firm, agreed to merge with Broadhaven Capital Partners, an independent advisory firm to the financial technology and financial services sectors in North America, according to press releases. Financial terms were not disclosed.

Fenchurch Advisory Partners is advised by Seven Dials City (led by Felix Meston). Broadhaven Capital Partners is advised by H/Advisors Maitland (led by William Clutterbuck and Rachel Cohen), according to press releases.

Overmatch Ventures and The New Industrial Corporation led a $280m funding round in Principal Mineral.

Overmatch Ventures and The New Industrial Corporation, the investment firms, led a $280m funding round in Principal Mineral, a US-based company specializing in the domestic production and processing of strategic metals, with participation from J2 Ventures, Ensemble VC and other existing and new investors, according to press releases.

Principal Mineral was advised by Throughline Global Advisors (led by Garrett Marquis), according to press releases.

Canadian pension funds discuss airport investments with government. (Bloomberg)

Canadian pension funds are in active discussions with the government about potential investments in the country’s airport infrastructure, according to Caisse de Dépôt et Placement du Québec chief executive Charles Emond.

Emond said talks have taken place in recent weeks and described the government as supportive of advancing investment opportunities in the sector.

YPF and Tesla explore EV charging partnership. (Reuters)

Argentina’s state-owned energy company YPF has signed a letter of intent with Tesla to explore opportunities in fast-charging networks and energy storage infrastructure.

The agreement follows a visit by YPF chief executive Horacio Marin to Tesla’s Gigafactory in Texas, where the companies discussed collaboration in energy infrastructure, electric mobility and technology development.

Csquare files for US IPO. (Bloomberg)

Csquare, a Brookfield-backed data center operator, has publicly filed for a US initial public offering amid strong investor interest in AI infrastructure assets.

The company owns and operates 64 data center sites across the US, Canada and the UK and reported revenue of $270.5m for the quarter ended March 31.

Clearlake closes $14.8bn flagship fund. (Press Release)

Clearlake Capital has closed its eighth flagship fund and related investment vehicles with total commitments of $14.8bn.

The capital will support investments across sectors benefiting from trends including artificial intelligence, software modernization, digital transformation and operational efficiency.

I Squared Capital and DFC launch $3bn Indo-Pacific energy platform. (Press Release)

I Squared Capital and the US International Development Finance Corporation plan to establish a $3bn investment platform to develop critical energy infrastructure across South and Southeast Asia.

The platform will be funded equally by I Squared and DFC, with each committing $1.5bn to support energy connectivity and expand access to US LNG and related energy exports.

Align Capital Partners closes two funds at $1.1bn. (Press Release)

Align Capital Partners has completed fundraising for two new vehicles, raising $770m for Align Capital Partners Fund IV and $375m for Align Collaborate Fund II.

The funds reached their hard caps and will support the firm's lower-middle-market private equity and independent sponsor investment strategies.

Conifer closes inaugural fund at $900m. (Press Release)

Conifer Infrastructure Partners has closed its inaugural fund at its $900m hard cap, exceeding its original $500m target.

The fund will invest in infrastructure platforms across the energy and critical materials sectors and was backed by institutional investors including endowments, pensions, insurers and family offices.

Realize Capital Partners closes Fund I at $277m. (Press Release)

Realize Capital Partners has completed the final close of its inaugural blended finance fund-of-funds, raising $276.7m in total capital.

The fund includes $141.7m of private capital alongside a $135m anchor investment from the Government of Canada’s Social Finance Fund and will support impact-focused investments across Canada.

EMEA

Morgan Stanley Real Estate Investing and Ridgeback Group to acquire Metra Living from L&Q for £1.045bn.

Morgan Stanley Real Estate Investing, the global private real estate investment management arm of Morgan Stanley, and Ridgeback Group, a UK-focused real estate investor, developer and operator, agreed to acquire Metra Living from L&Q, a UK-based housing association and residential developer, for £1.045bn, according to press releases.

Morgan Stanley Real Estate Investing and Ridgeback are advised by Savills, Clifford Chance and Gowling WLG. L&Q is advised by BNP Paribas, BDO, Pinsent Masons and Winckworth Sherwood, according to press releases.

Global Infrastructure Partners completes the acquisition of a 71% stake in TCR Group from 3i Infrastructure for €1.13bn.

Global Infrastructure Partners, a part of BlackRock and a global infrastructure investor, completed the acquisition of a 71% stake in TCR Group, a private company that provides ground support equipment rental, maintenance, and management services for airport and aviation operations, from 3i Infrastructure, an investment company focused on infrastructure assets, for €1.13bn, according to press releases.

Global Infrastructure Partners was advised by Credit Agricole, Allens and Weil Gotshal and Manges (led by Murray Cox and Brendan Moylan). TCR Group was advised by Clifford Chance and Travers Smith (led by Adam Orr). 3i Infrastructure was advised by Deutsche Bank and Clifford Chance (led by Charlotte Madden), according to MergerLinks data.

LDC completes the investment in Fortus.

LDC, a UK-based private equity firm, completed the investment in Fortus, a full-service firm of accountants and business advisors, according to press releases. Financial terms were not disclosed.

LDC was advised by Alvarez & Marsal, Womble Bond Dickinson, BDO and GCS Insight. Debt financing was provided by Triple Point (led by Paul Dolyniuk). Fortus was advised by Andrew Jackson, according to press releases.

Agnico Eagle completes the acquisition of the remaining 86.1% stake in Rupert Resources for CAD2.9bn.

Agnico Eagle, a Canadian-based gold mining company, completed the acquisition of the remaining 86.1% stake in Rupert Resources, a mining company, for CAD2.9bn, according to press releases.

Rupert Resources was advised by BMO Capital Markets, Origin Merchant Partners, and Blake Cassels & Graydon. Agnico Eagle was advised by Borenius (led by Casper Herler), according to press releases and MergerLinks data.

Volkswagen advances $10bn engine unit sale process. (FT)

Volkswagen has asked shortlisted bidders to submit final offers for its engine unit as part of a sale process that could value the business at about $10bn.

The carmaker has introduced sealed bids and board recusals to avoid conflicts of interest. Several private equity groups and investors backed by Qatari and Canadian capital remain in the process.

BMG and Concord merger wins US antitrust approval. (Reuters)

Bertelsmann said US competition authorities have approved the planned merger of its music division BMG with independent music company Concord.

The transaction would create the world's fourth-largest music company, combining two of the industry's biggest independent music groups.

Ares and Michele Kang near deal for control of Olympique Lyonnais. (Bloomberg)

Ares Management and businesswoman Michele Kang are close to reaching an agreement to take control of French football club Olympique Lyonnais.

The parties are finalizing a deal with the administrator of Eagle Football Group Bidco, the holding company previously controlled by investor John Textor, as Lyon seeks to address its financial challenges.

Portugal expects TAP stake sale by summer 2027. (Bloomberg)

Portugal expects to complete the sale of a minority stake in TAP Air Portugal to either Air France-KLM or Lufthansa by summer 2027.

Infrastructure Minister Miguel Pinto Luz said the government remains confident the transaction will proceed, although final approvals could take another year.

Lone Star leads bidding for Continental’s ContiTech unit. (Bloomberg)

Lone Star Funds has emerged as the leading bidder for Continental’s industrial division ContiTech.

A deal for the manufacturer of industrial components, including conveyor belts and air springs, could be reached later this month if negotiations progress successfully.

IDC and Vision Group back Tongaat Hulett rescue. (Bloomberg)

South Africa’s Industrial Development and Vision Group have agreed a deal to support sugar producer Tongaat Hulett and prevent its liquidation.

The agreement includes an equity investment by the IDC and an extension of ZAR2.5bn ($154m) of financing until September.

APAC

TA Associates to invest in AIRS Medical.

TA Associates, an American private equity firm, agreed to invest in AIRS Medical, a global AI-powered medical imaging and healthcare technology, according to press releases. Financial terms were not disclosed.

Kling AI seeks funding at $18bn valuation ahead of IPO. (Bloomberg)

Kuaishou Technology is in talks with General Atlantic to lead a financing round for its video-generation AI business Kling AI ahead of a potential public listing.

Kling AI is seeking to raise more than $2bn at an $18bn post-money valuation and has also attracted interest from other Asia-focused investment firms.

Lingyi seeks to raise up to $1.1bn in Hong Kong IPO. (Bloomberg)

Lingyi iTech Guangdong has launched investor orders for a Hong Kong listing that could raise as much as HKD8.3bn ($1.1bn).

The electronics components manufacturer is offering 811.8m shares and is already listed in Shenzhen.

Manipal Hospitals plans $1bn India IPO. (Bloomberg)

Manipal Health Enterprises is preparing to launch an initial public offering as early as July in a transaction that could raise about $1bn.

The Temasek-backed hospital operator is targeting a valuation of around $10bn after completing investor meetings ahead of the planned listing.

GCash owner Mynt wins approval for potential IPO. (Bloomberg)

Mynt, the owner of Philippine fintech platform GCash, has received board and shareholder approval to pursue an initial public offering that could become the country's largest listing.

The company, backed by Ant Group and Mitsubishi UFJ Financial Group, has been authorized to file a listing application with the Philippine Stock Exchange.

100x100 launches $100m second climate fund. (DealStreetAsia)

Singapore-based climate venture builder 100x100 has launched its second fund targeting $100m to build new climate-focused companies across Southeast Asia and India.

The firm plans to create 50 startups through the vehicle, building on its first $60m fund, which has co-founded 27 companies across eight Asian countries.

45North Advisors plans India hiring drive. (Bloomberg)

45North Advisors plans to hire up to 18 investment bankers over the next year as it expands its capital raising and M&A advisory business in India.

The firm was founded by former Raine Group bankers Gaurav Mehta, Naveen Asopa and Girish Punjabi, who previously worked together for more than a decade.

Toyota shareholders back leadership at annual meeting. (Press Release)

Toyota Motor shareholders re-elected Akio Toyoda as chairman and approved chief executive Kenta Kon as a board member at the company’s annual meeting.

Investors also backed the re-election of four other directors, signaling support for Toyota’s strategy as demand for hybrid vehicles continues to grow in key markets.

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