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AMERICAS

Martori Farms completes the acquisition of SOL Group from Fyffes.

Martori Farms, a produce company engaged in growing, packing, and distributing premium melons and other fruits to retailers and consumers nationwide, completed the acquisition of SOL Group, an international agribusiness company engaged in cultivating, packing, and exporting melons and other fresh produce, supplying major retailers across the Americas and Europe, from Fyffes, an international food company engaged in sourcing, ripening, and distributing bananas, pineapples, and melons to retailers and wholesalers worldwide, according to press releases. Financial terms were not disclosed.

Martori Farms was advised by Wells Fargo Securities, Clark Hill, and Baker Tilly. Fyffes was advised by Paris Ackerman, and KPMG, according to press releases.

Enpro to acquire AlpHa Measurement Solutions and Overlook Industries for $280m.

Enpro, an industrial technology company focused on critical applications across many end-markets, including semiconductor, industrial process, commercial vehicle, sustainable power generation, aerospace, food and pharma, photonics, and life sciences, agreed to acquire AlpHa Measurement Solutions, a liquid sensor technology platform serving the complex testing needs of water quality, pharmaceutical, laboratory, and industrial markets, and Overlook Industries, a manufacturer engaged in producing single-use filler needles, nozzles, and dispensing tips for pharmaceutical and bioprocessing applications, serving global pharma and CDMO clients, for $280m, according to press releases.

Prezent AI to acquire Prezentium.

Prezent AI, an AI-powered business communication platform helping organizations create, optimize, and deliver high-impact presentations, agreed to acquire Prezentium, a business services company engaged in providing presentation design, content development, and storytelling solutions that combine human expertise with AI technology for corporate clients, according to press releases. Financial terms are not disclosed.

JPMorgan to commit $10bn to US companies vital for national security. (WSJ)

JPMorgan Chase announced that it will invest $10bn directly in companies considered critical to US national security, as part of an effort to safeguard the American economy amid rising trade tensions with countries like China.

The bank also pledged to facilitate $1.5tn in investments over the next decade for firms deemed essential to national economic security and resilience. The $10bn in its own capital will be used to acquire stakes in sectors including defense, mineral production, and artificial intelligence.

Telefonica Chile confirms parent company plans to sell unit. (Bloomberg)

Telefonica chile confirmed that its parent company — Spain’s Telefonica — is selling the local unit.

Telefonica has received several non-binding offers, and a due diligence process is underway with multiple potential buyers.

Warner Bros has rejected Paramount's takeover offer. (Bloomberg)

Warner Bros Discovery has rejected Paramount Skydance’s initial takeover bid, calling it too low.

According to the report, Warner Bros turned down Paramount’s offer of approximately $20 per share in recent weeks.

Quantum firm IonQ raises $2bn from Susquehanna’s Heights. (Press Release)

Quantum computing company IonQ has raised $2bn through the sale of shares and pre-funded warrants to an affiliate of Susquehanna International Group, as investors continue to pour money into quantum technology.

The College Park, Maryland-based firm is issuing 21.5m shares and pre-funded warrants to an entity managed by Susquehanna’s Heights Capital Management. The securities are priced at $93 each, representing a 20% premium to Thursday’s closing price of $77.50 per share.

CoreWeave insiders offload $1bn after IPO as AI-driven gains fuel cash-out. (Bloomberg)

Insiders at AI computing company CoreWeave sold more than $1bn in shares after the mid-August lockup period expired, ranking them among the top 10 individual insider sellers of the third quarter.

This marked the first opportunity for insiders to cash out since CoreWeave’s March IPO, which created four new billionaires,with the stock having surged over 250% since. Director Jack Cogen sold shares worth $477m, while co-founder Brannin McBee netted $426m. Both executed their sales through pre-arranged 10b5-1 plans tied to price targets, joining several other insiders in cashing out.

Brazilian fintech PicPay reportedly aims to raise $500m in US IPO. (Bloomberg)

PicPay, a Brazilian fintech owned by the Batista family’s investment holding company, is seeking to raise up to $500m through a US initial public offering.

The mobile banking app is working with Citigroup, Royal Bank of Canada and Bank of America on the potential listing, which could take place later this year.

LA times seeks up to $500m ahead of planned 2027 IPO. (Bloomberg)

The Los Angeles Times is preparing for a public listing in 2027 by seeking to raise up to $500m in preferred stock ahead of a smaller initial public offering.

A newly formed entity, the LA Times Media Group — which includes the newspaper and its digital assets — is offering preferred shares paying 7% annual interest through a private sale limited to accredited investors, with a minimum investment of $5k. The preferred shares are expected to be convertible into common stock in a potential Regulation A IPO at a 25% discount to the IPO price.

Central Bancompany reports increased revenue in its US IPO filing. (Reuters)

Bank holding company Central Bancompany reported roughly a 6% increase in revenue for the first half of the year as it filed for a US IPO, joining a growing number of financial firms looking to tap into a resurgent listing market.

US IPO activity has rebounded in recent months following a slowdown driven by market volatility and trade policy uncertainty. Strong market debuts from Alliance Laundry and Phoenix Education Partners on 9 October have further highlighted renewed investor appetite for risk.

EMEA

Norcros completes the acquisition of Fibo from FSN Capital for $61m.

Norcros, a supplier of bathroom and kitchen products, completed the acquisition of Fibo, a manufacturer of wall panels for bathrooms and other laminated products, from FSN Capital, a private equity firm, for $61m, according to press releases.

Norcros was advised by Hudson Sandler. FSN Capital was advised by DNB Bank, PricewaterhouseCoopers, Raymond James and Haavind, according to press releases.

Warburg Pincus to acquire PSI Software for €706m.

Warburg Pincus, a global growth investor, offered to acquire PSI Software, a company that develops software products for optimizing the flow of energy and materials for utilities and industry, for €706m ($820m), according to press releases.

PSI is advised by Goldman Sachs and Linklaters. Warburg Pincus is advised by JP Morgan and Kirkland & Ellis (led by Ben Leyendecker), according to press releases.

Splitstone Capital to acquire battery recycling and specialty lead UK operations of Ecobat.

Splitstone Capital, a private equity firm engaged in investing in and managing mid-market businesses with a focus on operational improvement and long-term value creation, agreed to acquire battery recycling and specialty lead UK operations of Ecobat, a global recycling and resource recovery company engaged in collecting, recycling, and repurposing batteries and other lead-based materials to support sustainable energy storage solutions, according to press releases. Financial terms are not disclosed.

Ecobat is advised by Rothschild & Co, and White & Case. Splitstone Capital is advised by Mayer Brown (led by James West), according to press releases.

UK self-storage company Big Yellow confirms strategic discussions as Blackstone considers a potential bid. (Reuters)

Blackstone said that it is in the early stages of exploring a potential cash bid for self-storage company Big Yellow Group, driving the London-listed firm’s shares up by as much as 22%.

Big Yellow confirmed it has met with a “small number” of parties to discuss various strategic options, including a potential sale, but emphasized that it has not received any formal offer and is not currently in talks with any party regarding a sale.

Dutch authorities take control of Chinese-owned chipmaker Nexperia, raising risk of retaliation. (Bloomberg)

The Dutch government has taken control of Chinese-owned chipmaker Nexperia, invoking an emergency Cold War-era law to safeguard Europe’s access to its technology, while potentially provoking retaliation from Beijing.

Nexperia, the European semiconductor unit of China’s Wingtech Technology, is a key supplier to the automotive and consumer electronics sectors. The Sept. 30 court order applied the Goods Availability Act for the first time — a law enacted over 70 years ago to guarantee access to critical products during emergencies.

Codelco invests in Friedland’s I-Pulse to enhance mine efficiency. (Bloomberg)

Codelco has taken a stake in Robert Friedland’s I-Pulse, a company that uses electricity to break rocks, as the Chilean copper giant aims to improve efficiency at its aging mines.

The state-owned miner joined other investors, including Rio Tinto Group, Newmont, and Teck Resources, in backing the US-based firm, which also operates laboratories in France. Financial terms of the deal were not disclosed.

France’s Canal+ to launch South African listing in $3bn deal. (Bloomberg)

Canal+ is proceeding with a secondary inward listing on South Africa’s main stock exchange as the French entertainment company takes control of MultiChoice Group.

As part of the move, Canal+ will first delist MultiChoice from the Johannesburg Stock Exchange. It will then begin a secondary inward listing by introduction, allowing South African investors to access the expanded pay-TV and streaming business.

IPO of Deutsche Boerse’s ISS Stoxx unlikely to happen this year. (Reuters)

The planned IPO of Deutsche Boerse subsidiary ISS Stoxx is unlikely to take place this year, despite Ottobock ending a recent lull in IPO activity in Europe’s largest economy.

Although Deutsche Boerse has indicated that both a listing of ISS Stoxx and a buyout of minority investor General Atlantic are under consideration, advisers had expected it to be among the first IPOs following the summer break.

I Squared Capital reportedly plans bid for Ströer’s billboard division. (Bloomberg)

An investor consortium led by I Squared Capital is reportedly preparing a bid for the core advertising division of German media company Ströer.

The private equity group has shown interest in acquiring the Ströer unit, which encompasses its out-of-home advertising and digital content operations. The sources said the consortium has been consulting banks on financing for a potential deal and aims to submit a binding offer as early as next week.

APAC

Caterpillar to acquire RPMGlobal for AUD1048m.

Caterpillar, a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, agreed to acquire RPMGlobal, an Australian technology company engaged in developing enterprise software, advisory, and data solutions for the mining industry to improve productivity, planning, and asset management, for AUD1048m ($678m), according to press releases.

Caterpillar is advised by JP Morgan. RPMGlobal is advised by Moelis & Co, and Baker McKenzie, according to press releases.

DiDi led a $281.1m Series D round in DiDi Autonomous Driving. (DealStreetAsia)

DiDi, a mobility technology platform that offers ride-hailing, taxi-hailing, designated driving, hitch, and other forms of shared mobility, led a $281.1m Series D round in DiDi Autonomous Driving, an autonomous vehicle technology company developing, testing, and commercializing self-driving systems and robotaxi services, with participation from Zhongguancun Science City Technology, Beijing Information Industry Development, Beijing Artificial Intelligence Industry, Guangzhou Guanghua, and GAC Group, according to DealStreetAsia.

Xendit completes the acquisition of Payex. (DealStreetAsia)

Xendit, an online payment gateway in the SEA, completed the acquisition of Payex, an online payment gateway company, according to DealStreetAsia. Financial terms were not disclosed.

Genting proposes $1.6bn bid to take Malaysian unit private. (Bloomberg)

Gaming giant Genting Bhd has launched a MYR6.7bn ($1.6bn) bid to take its Malaysian unit, Genting Malaysia Bhd, private.

Genting is offering MYR2.35 per share for the remaining 50.64% stake it does not already own and has confirmed that the unit’s stock listing will be delisted if the privatization is completed.

Lenskart and Billionbrains poised to cap a record month for India’s IPO market. (Bloomberg)

Eyewear retailer Lenskart Solutions and financial services company Billionbrains Garage Ventures are expected to raise a combined $1.7bn through initial public offerings later this month, adding to the surge of stock listings in India.

SoftBank-backed Lenskart aims to raise approximately $900m, while Billionbrains, the parent company of India’s largest investment platform Groww, is targeting $750m.

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