Top Highlights
Kimberly-Clark, a personal care leader, completed the acquisition of Kenvue, a global consumer health leader, for $48.7bn, according to press releases.
Kenvue was advised by Centerview Partners (led by Robert Pruzan and Mark Doramus), D.F. King & Co, Goldman Sachs (led by Timothy Ingrassia), Cravath Swaine & Moore (led by Robert I. Townsend, George Schoen, Michael E. Mariani and Jin‑Kyu Baek), Gilbert + Tobin, Joele Frank (led by Leigh Parrish) and Datasite. Kimberly-Clark was advised by McKinsey & Company, Innisfree M&A, JP Morgan (led by Anu Aiyengar), Morgan Stanley, PJT Partners (led by Paul J. Taubman), Allens, Arnold & Porter Kaye Scholer (led by Eva Temkin and Daniel A. Kracov), Bell Gully, Gibson Dunn & Crutcher (led by Timothy W. Loose), Kirkland & Ellis, Joele Frank (led by Eric Kaplan, Jamie Moser and Kelly Sullivan) and Intralinks. Financial advisors were advised by Latham & Watkins (led by Stelios Saffos) and Sullivan & Cromwell (led by Melissa Sawyer and Matthew Goodman), according to press releases and MergerLinks data.
New Mountain Capital-backed Grant Thornton Advisors, an audit, tax, legal, payroll, and accounting services provider, completed the acquisition of CBIZ, a professional services advisor, in a $5bn deal, according to press releases.
CBIZ was advised by Goldman Sachs (led by Luke G. and Jeff Douthit), Weil Gotshal and Manges (led by Michael J. Aiello) and Teneo (led by Jack Flaherty). Grant Thornton Advisors was advised by BMO Capital Markets, Bank of America, Deutsche Bank, JP Morgan, Jefferies & Co, RBC Capital Markets, UBS, Hunton Andrews Kurth, Mayer Brown (led by Paul Theiss), Simpson Thacher & Bartlett, Goldin Solutions and Kekst CNC (led by Daniel Yunger). Debt financing was provided by JP Morgan. JP Morgan was advised by Latham & Watkins (led by Stelios Saffos, Peter J. Sluka, Andrew Blumenthal). New Mountain Capital was advised by Evercore, according to press releases and MergerLinks data.
Supernus Pharmaceuticals, a biopharmaceutical company focuses on central nervous system diseases, completed the merger with Indivior Pharmaceuticals, a pharmaceutical company focuses on opioid use disorder treatment, in a $3.58bn deal, according to press releases.
Indivior Pharmaceuticals was advised by Citigroup, Jefferies & Company (led by Michael Brinkman and Ryan Plusch), Piper Sandler (led by Peter Day) and Goodwin. Financial advisors were advised by White & Case (led by Denise A. Cerasani). Debt financing was provided by Citigroup. Supernus Pharmaceuticals was advised by Cantor Fitzgerald, Wells Fargo Securities, Morgan Lewis & Bockius (led by Leonidas Theodosiou, Robert Hutton, Paul Mesquitta, Luciana Griebel and Jackie Mulryne), Saul Ewing Arnstein & Lehr (led by Julia Taylor, Dennis Brennan, Robert Duston, Mark I. Gruhin and Stephen Ma), Burson Buchanan and ICR Healthcare (led by Peter Vozzo). Financial advisors were advised by Sullivan & Cromwell (led by Stephen M. Kotran), according to press releases and MergerLinks data.
AMERICAS
CVR Energy nears $4bn-plus acquisition of Marathon Petroleum refineries. ( WSJ)
Anthropic appoints eight firms for Australian retail offering ahead of Nasdaq IPO. ( Bloomberg)
Anthropic's planned IPO faces potential regulatory uncertainty ahead of US midterm elections. ( Bloomberg)
Crescent Energy confidentially files for IPO of Crescent Royalties. ( Reuters)
Meta weighs at least $20bn in cross-border bond offerings. ( Bloomberg)
Oracle raises nearly $20bn through debt and equity offerings to fund AI growth. ( Bloomberg)
Vista and Elliott-backed Cloud Software Group seeks $2bn debt refinancing. ( Bloomberg)
Carlyle hires Apollo's Alexander Simoes for credit origination role. ( Bloomberg)
EMEA
Intesa Sanpaolo plans to launch $37bn Monte dei Paschi takeover bid in November. ( Bloomberg)
Aspen Pharmacare to sell European Ovestin rights to Ennogen for $220m. ( Reuters)
APAC
Insignia Ventures in talks to lead funding round for Indonesia's URU Underwear. ( DealStreetAsia)
Singapore's NSV raises $54.8m in first close of inaugural biotech fund. ( WSJ)
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AMERICAS
MacLean Power Systems, Blackstone Energy Transition Partners, Blackstone Capital Partners, and Centerbridge Partners, completed the acquisition of Delta Star, a provider of power transformers and mobile substation solutions, according to press releases. Financial terms were not disclosed.
Delta Star was advised by Wells Fargo Securities, Hunton Andrews Kurth,
Johnson Legal Group, Woods Rogers and Collected Strategies (led by Dan Moore). MacLean Power Systems was advised by Barclays, JP Morgan, Jefferies & Company, UBS, Blake Cassels & Graydon and Vinson & Elkins (led by Robert Hughes and Jordan Fossee), according to press releases and MergerLinks data.
Select Water Solutions, a provider of water infrastructure, recycling, and water management services for the energy industry, completed the acquisition of Pilot Water Solutions, a water midstream company, in a $715m deal, according to press releases.
Tidewater Midstream, a Canadian diversified energy infrastructure company, agreed to acquire the remaining 35% stake in Tidewater Renewables, an energy transition company focused on the production of low-carbon fuels, primarily renewable diesel, in a CAD261m deal, according to press releases.
Under the terms of the arrangement agreement, on closing, each Renewables share, other than Renewables Shares owned by Midstream, will be exchanged for 0.88 of a common share of Midstream.
Tidewater Renewables is advised by ATB Capital Markets, KPMG and Bennett Jones. Tidewater Midstream is advised by National Bank Financial, Davies Ward Phillips & Vineberg and Torys. Debt Financing is provided by ATB Financial and National Bank of Canada, according to press releases.
Platinum Equity, a private equity firm, completed the acquisition of Warren Valve, a provider of industrial valves in cast, forged, and welded-body forms, from Allied Group, worldwide provider of manufacturing and distribution of critical application fittings, flanges, valves, pipe, and related products, according to press releases. Financial terms were not disclosed.
Allied Group was advised by Jefferies & Company and Baker Botts. Platinum Equity was advised by Fifth Third Bank, Gibson Dunn & Crutcher and Willkie Farr & Gallagher. Warren Valve was advised by Shiels PLLC, according to press releases and MergerLinks data.
Rockwell Medical, a healthcare company that develops, manufactures, commercialises and distributes a portfolio of hemodialysis products to dialysis providers worldwide, agreed to acquire the majority of the hemodialysis business of Vantive, a global organ support and kidney care company, according to press releases.
Rockwell Medical is advised by Aquilo Partners and Gibson Dunn & Crutcher. Vantive is advised by Barclays, Perella Weinberg Partners and Kirkland & Ellis, according to press releases.
Hull Street Energy, a US-based private equity firm, completed the acquisition of the US operations of FirstLight, a clean energy company that owns and operates hydroelectric generation and energy storage assets, from PSP Investments, a Canadian pension fund investment manager, according to press releases. Financial terms were not disclosed.
Hull Street Energy was advised by DLA Piper and Troutman Pepper Locke.
PSP Investments was advised by Evercore, Foley Hoag and Latham & Watkins (led by David Kurzweil, Edmond R. Parhami and Lucas Quass), according to press releases and MergerLinks data.
onsemi, an American semiconductor supplier company focused on automotive and industrial end-markets, agreed to acquire Ferric, an innovator in integrated voltage regulator technology, for up to $775m, according to press releases.
onsemi is advised by Barclays and Morrison Foerster. Ferric is advised by UBS and Cooley, according to press releases and MergerLinks data.
Colony Bankcorp, the bank holding company for Georgia-based Colony Bank, completed the merger with First Reliance Bancshares, the bank holding company for South Carolina-based First Reliance Bank, in a $163m deal, according to press releases.
First Reliance Bancshares was advised by Hovde Group and Ward and Smith. Colony Bankcorp was advised by Keefe Bruyette & Woods and Alston & Bird (led by Mark Kanaly and David S. Park), according to press releases and MergerLinks data.
Protective, a financial services holding company and a subsidiary of Daiichi Life Group, completed the acquisition of Obsidian, a property, casualty, and specialty insurance platform, from Genstar Capital, a private equity firm, according to press releases. Financial terms were not disclosed.
Protective was advised by Oliver Wyman, Citigroup and Willkie Farr & Gallagher (led by David Heales, Sarah Wong and Alexander M. Dye). Genstar Capital is advised by Ropes & Gray and FGS Global, according to press releases and MergerLinks data.
Nexus Capital Management, a Los Angeles-based alternative asset management firm, completed the acquisition of Coldwater Creek, an online women's apparel retailer, and Soft Surroundings, a consumer apparel retailer, from Newtimes Group, a provider of apparel product development and end-to-end supply chain services, according to press releases. Financial terms were not disclosed.
Nexus Capital Management was advised by Robert W Baird and Paul Weiss Rifkind Wharton & Garrison (led by Bianca Levin-Soler). Coldwater Creek was advised by The Sage Group and Greenberg Traurig, according to press releases and MergerLinks data.
GrowthCurve Capital, a New York-based private equity firm, completed the acquisition of majority stake in TailorMed, a platform providing end-to-end solutions around medication access, affordability, and adherence, according to press releases. Financial terms were not disclosed.
GrowthCurve Capital was advised by Paul Weiss Rifkind Wharton & Garrison (led by Chris Machera and David Hong) and Gagnier Communications (led by Dan Gagnier). TailorMed was advised by Leerink Partners and Parallel Communications Group (led by Glenn Goldberg), according to press releases and MergerLinks data.
Eagle Point Software, a developer of learning management software, completed the acquisition of Global eTraining, an Alberta, Canada-based provider of online learning for architecture, engineering, construction, and manufacturing professionals, according to press releases. Financial terms were not disclosed.
Global eTraining was advised by Sampford Advisors and Bryan & Co. Eagle Point Software was advised by Ascentage Advisors and Pierce Atwood, according to press releases.
Velocity Capital Management, a lower-middle-market private equity firm focused on the sports, media, and entertainment ecosystem, completed the acquisition of a minority stake in LV8, a full-service digital marketing agency specialising in influencer marketing and social media management founded by Griffin Haddrill, and Mirage, a video production company, according to press releases. Financial terms were not disclosed.
Velocity Capital Management is advised by Reed Smith (led by Ross Williams), RockWater (led by Michael Booth) and Profile Advisors, according to press releases.
Salesforce, a designer and developer of enterprise software, agreed to acquire Cresta, an end-to-end generative AI provider for contact centers, according to press releases. Financial terms were not disclosed.
Salesforce is advised by Wachtell Lipton Rosen & Katz (led by Andrew Nussbaum and Meng Lu), according to MergerLinks data.
CVR Energy nears $4bn-plus acquisition of Marathon Petroleum refineries. ( WSJ)
Carl Icahn-backed CVR Energy is nearing a deal worth more than $4bn to acquire refineries from Marathon Petroleum.
The potential acquisition comes amid rising refining margins driven by fuel supply disruptions linked to conflicts in Iran and Ukraine. The companies could announce the deal on November 3.
Anthropic appoints eight firms for Australian retail offering ahead of Nasdaq IPO. ( Bloomberg)
Anthropic has selected eight financial firms, including Macquarie Group and Commonwealth Bank's CommSec, to facilitate its Australian retail offering ahead of its planned Nasdaq IPO.
Morgans Financial, Bell Potter Capital, LGT Wealth Management, Stake, Morgan Stanley Wealth Management Australia and Sharesies will also participate as brokers, intermediaries and selling agents.
Anthropic's planned IPO faces potential regulatory uncertainty ahead of US midterm elections. ( Bloomberg)
Anthropic's planned IPO faces potential political uncertainty ahead of the November 3 US midterm elections, which could affect the regulatory environment for artificial intelligence.
Democratic gains in Congress or key governor races could increase scrutiny of AI developers, particularly regarding data centre expansion, potentially complicating Anthropic's listing plans.
Crescent Energy confidentially files for IPO of Crescent Royalties. ( Reuters)
US oil and gas producer Crescent Energy has confidentially filed for an IPO of its subsidiary Crescent Royalties.
The Houston-based subsidiary owns mineral and royalty interests in oil and gas properties, generating revenue from production by other energy companies.
Meta weighs at least $20bn in cross-border bond offerings. ( Bloomberg)
Meta Platforms is considering raising at least $20bn through cross-border investment-grade bond offerings amid growing investor concerns over AI spending.
The company has asked Citigroup and Morgan Stanley to hold investor calls on November 2 and 3 to gauge demand, with the offering size potentially increasing.
Oracle raises nearly $20bn through debt and equity offerings to fund AI growth. ( Bloomberg)
Oracle has raised approximately $19.9bn through a $10bn bond sale and $9.9bn equity offering to support its AI expansion.
The financing comes amid renewed borrowing by major technology companies, with Microsoft raising $25bn in bonds and Meta considering at least $20bn in debt issuance.
Vista and Elliott-backed Cloud Software Group seeks $2bn debt refinancing. ( Bloomberg)
Cloud Software Group, backed by Vista Equity Partners and Elliott Investment Management, is seeking to refinance part of its outstanding debt through a $2bn senior secured notes offering.
The company, which owns Citrix and Tibco, launched the transaction to address upcoming debt maturities in 2029.
Carlyle hires Apollo's Alexander Simoes for credit origination role. ( Bloomberg)
Alexander Simoes is leaving Apollo to join Carlyle Group's credit business as a managing director.
Simoes will join Carlyle's direct lending origination team, marking the firm's latest hire in its private credit operations.
EMEA
ACG, a company involved in the consolidation of the copper sector within the mining industry, agreed to acquire Blue Moon Norway from Blue Moon Metals, a mining company focused on developing brownfield critical metals projects in the US and Norway, for $220m, according to press releases.
Blue Moon Metals is advised by Canaccord Genuity, Bennett Jones and Simonsen Vogt Wiig. ACG is advised by Stifel (led by Varub Talwar and Ashton Clanfield) and Thirty Three Communications, according to press releases and MergerLinks data.
Advent, a global private equity investor, agreed to acquire Vermeg, a global provider of technology for capital markets and life insurance, from Charterhouse Capital Partners, a private equity investment firm, according to press releases. Financial terms were not disclosed.
Charterhouse Capital Partners is advised by Prosek Partners. Charterhouse Capital Partners and Vermeg are advised by Evercore. Vermeg is advised by Sycomore Corporate Finance, according to press releases and MergerLinks data.
Bentley Systems-owned Seequent, a geoscience software company, completed the acquisition of Eliis, a company that develops seismic interpretation software and supplies support, according to press releases. Financial terms were not disclosed.
Bentley Systems and Seequent were advised by Dechert and Simmons & Simmons, according to press releases.
Windward, a maritime AI company, completed the acquisition of Azimut.ai, an AI-powered maritime surveillance software, according to press releases. Financial terms were not disclosed.
Windward was advised by Headline Media, according to press releases.
Intesa Sanpaolo plans to launch $37bn Monte dei Paschi takeover bid in November. ( Bloomberg)
Intesa Sanpaolo is preparing to launch its €33bn ($37bn) takeover bid for Italian banking rival Banca Monte dei Paschi di Siena later this month.
The Italian lender is targeting the week of November 23 to begin the offer, although the timetable remains subject to change.
Aspen Pharmacare to sell European Ovestin rights to Ennogen for $220m. ( Reuters)
Aspen Pharmacare has agreed to sell Ovestin's European commercialisation rights and related intellectual property to Ennogen Healthcare International for €197m ($220m).
Ennogen will also acquire approximately €4m ($4.4m) in inventory, while Aspen will continue manufacturing and supplying Ovestin in Europe for at least 10 years under long-term supply agreements.
APAC
Insignia Ventures in talks to lead funding round for Indonesia's URU Underwear. ( DealStreetAsia)
Insignia Ventures Partners is in discussions to lead a funding round for Indonesian intimate apparel brand URU Underwear to support its expansion.
Founded in 2023, URU specialises in women's intimate apparel and everyday essentials, focusing on comfort, product innovation and technology-driven design.
Singapore's NSV raises $54.8m in first close of inaugural biotech fund. ( WSJ)
Singapore-based venture capital firm NSV has raised SGD70m ($54.8m) in the first close of its inaugural institutional biotechnology fund.
The fundraising exceeded the firm's initial target, despite challenging conditions for venture capital investment.
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