KKR and Singtel completes the acquisition of the remaining 82% stake in ST Telemedia Global Data Centres from ST Telemedia for SGD6.6bn.

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AMERICAS

GFL Environmental completes the acquisition of SECURE Waste Infrastructure in a CAD6.4bn deal.

GFL Environmental, a waste management services provider, completed the acquisition of SECURE Waste Infrastructure, a Canadian public waste management company that specialises in oilfield waste treatment and disposal, in a CAD6.4bn deal, according to press releases.

Secure Waste Infrastructure Corp is advised by ATB Financial, Moelis & Co (led by Elan Zivotofsky), RBC Capital Markets, Bennett Jones (led by Melanie Aitken) and McCarthy Tétrault (led by John E. Piasta). GFL Environmental is advised by Barclays and Stikeman Elliott. BC Partners is advised by Kekst CNC (led by Daniel Yunger), according to press releases and MergerLinks data.

LongRange Capital completes the acquisition of Pizza Hut from Yum! Brands for $1.5bn.

LongRange Capital, a private equity firm, completed the acquisition of Pizza Hut, an American multinational pizza restaurant chain and international franchise, from Yum! Brands, an American multinational fast food corporation, for $1.5bn, according to press releases. The transaction excludes Pizza Hut's Mainland China operations.

LongRange Capital was advised by UBS, Greenberg Traurig, Paul Weiss Rifkind Wharton & Garrison (led by Angelo Bonvino, Cullen Sinclair and Matthew Benedetto) and ICR. Debt financing was provided by UBS. Yum! Brands was advised by Barclays, Goldman Sachs, Mayer Brown (led by Richard A. Assmus and Jodi A. Simala) and Weil Gotshal & Manges (led by Michael J. Aiello and Amanda Fenster), according to press releases and MergerLinks data.

Ferguson Enterprises completes the acquisition of FloWorks from Wynnchurch Capital for $1.6bn.

Ferguson Enterprises, a distributor of HVAC, plumbing, and industrial supplies, offering products for heating, ventilation, fabrication, facilities maintenance, and residential construction, completed the acquisition of FloWorks, a distributor of pipe, valves, fittings, and flanges, from Wynnchurch Capital, a private equity firm, for $1.6bn, according to press releases.

Floworks International was advised by Jefferies & Co and Cassels Brock & Blackwell (led by Chris Hersh, Hashim Ghazi and Luke Woolford). Ferguson Enterprises was advised by JP Morgan, Kirkland & Ellis, Orrick Herrington & Sutcliffe and Brunswick Group. Debt financing was provided by JP Morgan. Wynnchurch Capital was advised by Foley & Lardner (led by Gjina Lucaj and Omar Lucia), according to press releases and MergerLinks data.

Figure and Sixth Street completes the acquisition of Kiavi for $717m.

Figure, a provider of a range of financial products and services, and Sixth Street, a private equity company, completed the acquisition of Kiavi, a provider of digital financing for real estate investors, for $717m.

KIAVI was advised by Jefferies & Co and Wilson Sonsini Goodrich & Rosati. Sixth Street was advised by Barclays and Wachtell Lipton Rosen & Katz (led by Mark F. Veblen and George Tepe), according to press releases and MergerLinks data.

ARRAY Technologies completes the acquisition of Affordable Wire Management for $203m.

ARRAY Technologies, a provider of solar tracking technology and fixed-tilt systems, completed the acquisition of Affordable Wire Management, a provider of wire management, cable protection, and balance-of-system solutions, for $203m, according to press releases.

Affordable Wire Management was advised by First Liberties Financial and Mintz Levin. ARRAY Technologies was advised by Jefferies & Co, Jones Day (led by Benjamin Stulberg and Kimberly Pustulka) and Edelman, according to press releases and MergerLinks data.

Weatherford completes the acquisition of NCS Multistage from Advent International for $126m.

Weatherford, an American multinational oilfield service company, completed the acquisition of NCS Multistage, a company that provides engineered solutions for oil and natural gas well completions, from Advent International, a private equity firm, for $126m, according to press releases.

NCS Multistage was advised by Piper Sandler and Baker Botts (led by Jim Marshall and Jamie Yarbrough). Weatherford was advised by King & Spalding. Advent International was advised by Weil Gotshal and Manges (led by Ashley Butler, Claudia Lai and James Griffin), according to press releases and MergerLinks data.

Bull Moose Tube Company completes the acquisition of Hanna Steel Corporation.

Bull Moose Tube Company, a manufacturer of steel pipe and tubing products, completed the acquisition of Hanna Steel Corporation, a producer of structural and mechanical steel tubing with operations in Alabama and Illinois, according to press releases. Financial terms were not disclosed.

Bull Moose Tube Company was advised by Brown Gibbons Lang & Company (led by Vincent J. Pappalardo) and Spencer Fane. Hanna Steel Corporation was advised by Jefferies & Company and Bradley Arant Boult Cummings, according to press releases and MergerLinks data.

Tidewater completes the acquisition of Wilson Sons Ultratug Offshore for $500m.

Tidewater, an international petroleum services company providing offshore support vessels to the energy industry, completed the acquisition of Wilson Sons Ultratug Offshore, a provider of marine shipping services to the oil and gas industry, for $500m, according to press releases.

Tidewater was advised by Piper Sandler, Machado Meyer Sendacz e Opice Advogados and Skadden Arps Slate Meagher & Flom (led by Steve Gill), according to press releases and MergerLinks data.

Frazier Healthcare Partners completes the acquisition of MatrixCare from ResMed.

Frazier Healthcare Partners, a private equity investment firm, completed the acquisition of MatrixCare, a healthcare software provider, from ResMed, a global medical technology company, according to press releases. Financial terms were not disclosed.

ResMed was advised by Houlihan Lokey, Jones Day (led by Cameron Reese) and Brunswick Group, according to press releases and MergerLinks data.

Toesca to acquire a 64% stake in Suralis from Algonquin for $128m.

Toesca, a Chilean asset manager, agreed to acquire a 64% stake in Suralis, a water and sanitation utility company, from Algonquin, a diversified international generation, transmission and distribution utility company, for $128m, according to press releases.

Algonquin is advised by Centerview Partners and Carey y Cia, according to press releases.

VSE completes the acquisition of Atech Turbine Components.

VSE, a provider of aviation aftermarket distribution and MRO services, completed the acquisition of Atech Turbine Components, a specialised aviation MRO provider focused on the repair and overhaul of non-rotating hot-section turbine engine components, according to press releases. Financial terms were not disclosed.

VSE Corporation was advised by Jones Day. Atech Turbine Components was advised by Philpott Ball & Werner, according to press releases.

Graco completes the acquisition of Valco Melton for $447m.

Graco, an American industrial company specializing in the development and manufacturing of fluid-handling systems and products, completed the acquisition of Valco Melton, a global provider of adhesive application and quality assurance systems, for $447m, according to press releases.

Valco Melton was advised by William Blair & Co, according to press releases.

HIG is said to consider sale of $1bn drugmaker Rising Pharma. (Bloomberg)

HIG Capital is exploring options for its controlling stake in US-based Rising Pharmaceuticals, including a potential sale of the business.

The alternative investment firm is working with an adviser on a possible divestment and could seek a valuation of around $1bn for the pharmaceutical company.

California, Writers Guild ask court to reject Paramount request for $1.9bn bond. (Reuters)

California and 11 other US states have joined the Writers Guild of America in urging a federal court to reject Paramount Skydance’s request for a $1.88bn bond related to delays in completing its acquisition of Warner Bros Discovery.

The states argued that any costs incurred by Paramount from delays in closing the transaction are self-imposed and should not be shifted to the public or a nonprofit union.

Keurig Dr Pepper to sell back Chobani stake for $925m. (Reuters)

Keurig Dr Pepper has agreed to sell its investment in Chobani back to the yogurt maker for $925m as the beverage group reshapes its portfolio following the acquisition of JDE Peet’s.

The transaction includes the sale of Keurig’s entire equity stake in Chobani for $800m and a manufacturing facility and warehouse in Allentown, Pennsylvania, for $125m. Keurig is also preparing to separate its coffee and beverage operations into two publicly traded US companies.

Chobani plans milk expansion with $1.2bn investment. (Bloomberg)

Chobani plans to invest $1.2bn over five years in a Pennsylvania production facility as the yogurt maker expands into the high-protein milk market.

The company will take over a Keurig Dr Pepper facility and warehouse in Allentown, Pennsylvania, and plans to launch a new high-protein milk product in summer 2027.

KKR-backed beauty firm Wella files for IPO showing sales growth. (Bloomberg)

Wella, the owner of beauty brands including Wella, Clairol and OPI, has filed for a US initial public offering following an increase in revenue and a return to profitability.

The New York-based company reported net income of $2.7m on revenue of $2.94bn for the year ended June 30, 2026, compared with a net loss of $44.6m on revenue of $2.69bn a year earlier.

SoftBank’s data center and power firm SB Energy files for IPO. (Bloomberg)

SoftBank-backed data center operator SB Energy has filed for a US initial public offering to support the expansion of its artificial intelligence infrastructure business.

The company combines data centers with solar power and battery storage and has 8.8 gigawatts of data center capacity contracted or under construction across sites in Texas and Ohio. SB Energy also has 5.5 gigawatts of power projects contracted, under construction or operating.

Salesforce backs software firm HiBob at $3.2bn value. (Bloomberg)

Salesforce is investing in human resources software company HiBob as part of a $166m funding round that values the business at more than $3.2bn.

Salesforce is leading the financing and providing the majority of the capital, with Farallon Capital Management also participating in the round.

EMEA

Epiris to acquire Gamma Communications for £1.02bn.

Epiris, a private equity firm, agreed to acquire Gamma Communications, a provider of business-critical communications technology, for £1.02bn, according to press releases. HarbourVest Funds, Limewood Capital Funds and Ares Funds are expected to hold a minority stake in Gamma.

Gamma Communications is advised by Barclays (led by Alastair Blackman, Alex Evans and Callum West), Investec (led by Luke Spells), Peel Hunt (led by Neil Patel), Q Advisors (led by Michael Quinn and Kristian MacCarter), Bird & Bird and Teneo (led by James Macey White). Epiris is advised by Goldman Sachs (led by Khamran Ali, Nick Harper and Lorenzo Carlino), Latham & Watkins and Greenbrook (led by Bree Taylor and Peter Hewer), according to press releases and MergerLinks data.

Cloudberry Clean Energy completes the acquisition of the Nordic renewable energy platform of Orrön Energy Holding for €234.6m.

Cloudberry Clean Energy, a renewable energy company, completed the acquisition of the Nordic renewable energy platform of Orrön Energy Holding, an independent oil and gas exploration and production company, for €234.6m ($272.2m), according to press releases.

Cloudberry Clean Energy was advised by Roschier Attorneys and Wikborg Rein. Orrön Energy was advised by Gernandt & Danielsson, according to press releases.

Searchlight Capital Partners completes the investment in Aderian Group.

Searchlight Capital Partners, a private investment firm, completed the investment in Aderian Group, a managed IT services provider that digitizes small and medium-sized enterprises across Sweden and Norway, according to press releases. Financial terms were not disclosed.

Searchlight Capital Partners was advised by Prosek Partners, according to press releases.

Noteus Partners led a $90m funding round in Scan.com.

Noteus Partners, a growth equity investment firm, led a $90m funding round in Scan.com, a digital medical imaging platform that connects patients, healthcare providers, and diagnostic centres to streamline the scheduling of medical scans, with participation from Aviva, Concord Health Partners, YZR Capital, and Oxford Capital, according to press releases.

Frasers targets majority ownership in Hugo Boss, weighs support for chair. (WSJ)

Frasers Group is seeking to achieve majority ownership of German premium fashion group Hugo Boss, intensifying its long-running effort to gain greater control over the company.

The move comes as Frasers weighs whether to continue backing Hugo Boss’ chairman and increases pressure on the fashion group over its future direction.

Elliott is said to build Air Liquide stake, seek margin gain. (Bloomberg)

Elliott Investment Management has built a stake in French industrial gas supplier Air Liquide and is pushing the company to improve its profit margins.

Air Liquide has begun working with activist defence advisers in response to the investment.

ArcelorMittal drops takeover of Italy JV after government ruling. (Bloomberg)

ArcelorMittal has abandoned its planned takeover of a joint venture with struggling Italian auto-parts manufacturer CLN-Coils Lamiere Nastri after the Italian government imposed restrictions on the transaction.

The steelmaker had agreed to acquire the remaining 51% stake in ArcelorMittal CLN Distribuzione Italia as part of a broader debt restructuring between CLN and its lenders. The withdrawal clears the way for a domestic rival to potentially take control of the business.

The ex-beer baron turning windshield repair into a $7.8bn-a-year empire. (Bloomberg)

Belron Group CEO Carlos Brito is highlighting the growing technological complexity of automotive windshields as vehicles increasingly incorporate advanced systems and features into their glass.

The global vehicle glass repair and replacement group operates through brands including Safelite in the US, Carglass in Europe and Autoglass in the UK. Brito previously led brewing giant AB InBev before taking the helm at Belron.

Payward and London Stock Exchange to partner to accelerate UK equity markets through tokenization. (Press Release)

Payward, the developer of the xStocks tokenized equities platform, has partnered with the London Stock Exchange to expand tokenization across UK equity markets. The initiative will make the 100 largest London-listed companies available as tokenized representations of their shares in the coming weeks.

The xStocks framework provides 1:1-backed representations of publicly traded shares and has generated more than $40bn in total trading volume, including over $20bn settled onchain. The planned expansion will provide investors in more than 110 countries with access to tokenized UK-listed equities, although the products will not initially be available to UK-based investors.

Dubai developer Binghatti in talks on multibillion-dollar pact. (Bloomberg)

Dubai-based real estate developer Binghatti Holding has suspended plans for an initial public offering as it explores potential strategic partnerships worth billions of dollars with major developers.

The discussions are focused on partnerships including joint ventures rather than a sale of a stake in Binghatti. The company is evaluating opportunities to work with large master developers on future projects.

APAC

India's GRT Jewellers to gain control of peer TBZ in up to $109m stake buy. (Reuters)

GRT Jewellers has agreed to acquire a controlling 74.12% stake in Indian jewellery retailer Tribhovandas Bhimji Zaveri for up to INR10.34bn ($108.66m), subject to regulatory approvals.

The stake will be acquired from the 162-year-old company’s largest shareholders and will trigger a mandatory open offer for an additional 26% under India’s takeover regulations.

Fast-fashion giant Shein set to open flat in Hong Kong market debut. (Reuters)

Shein shares were set to open flat in their Hong Kong trading debut after the fast-fashion group raised funds at a valuation of about $26.5bn, significantly below its estimated $100bn valuation in 2022.

The listing follows unsuccessful attempts to go public in New York and London amid regulatory scrutiny and concerns over its business practices. Shein has also faced pressure from tariff and duty changes in the US and Europe, which have weighed on its low-cost business model.

Jollibee picks Hong Kong over US for international unit listing. (Bloomberg)

Philippine fast-food group Jollibee Foods is shifting the planned listing of its international business to Hong Kong, abandoning an earlier proposal to take the unit public in the US.

The company previously planned to spin off its international operations and pursue a US listing to support its global expansion. Hong Kong is now viewed as a more suitable venue for Jollibee Foods Corporation International, reflecting the group’s established presence and brand recognition across Asia.

Auto-parts maker Victura Technologies said to weigh India IPO. (Bloomberg)

Indian auto-parts manufacturer Victura Technologies has begun preparations for a potential initial public offering in India and is expected to appoint investment banks to advise on the process.

The Faridabad-based company, formerly known as Victora Auto, could raise up to $300m through a combination of new shares and a sale by existing investors.

Ares raises $4bn for Japan logistics fund in unit's largest fundraise. (Reuters)

Ares Management’s real estate arm has raised JPY612bn ($4bn) for its fifth Japan logistics development fund, marking the unit’s largest closed-end institutional fundraise to date.

Japan Logistics Development Partners V reached its maximum fundraising target and is nearly 50% larger than its predecessor, which closed in 2021.

IFC weighs $80m investment in Indian lender IDFC First Bank. (Deal Street Asia)

International Finance Corporation is considering providing up to $80m in trade finance support to India’s IDFC First Bank, with the proposed investment currently pending approval.

The facility would be provided under IFC’s Global Trade Finance Program and used to guarantee trade-related payment obligations of IDFC First Bank. The financing would have a tenor of up to 12 months, with a $20m sublimit available for up to three years.

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