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AMERICAS

Thoma Bravo and ADIA completes the investment in Qlik.

Thoma Bravo, a software investment firm, and ADIA, a globally-diversified investor, completed the investment in Qlik, a data analytics platform, according to press releases. Financial terms were not disclosed.

Qlik was advised by Guggenheim Partners and Kirkland & Ellis. Thoma Bravo was advised by FGS Global (led by Liz Micci). ADIA was advised by Evercore and Gibson Dunn & Crutcher (led by Candice Choh), according to press releases and MergerLinks data.

WhiteHawk Energy to acquire PHX Minerals for $187m.

WhiteHawk Energy, a natural gas mineral and royalty company, agreed to acquire PHX Minerals, a natural gas and oil mineral company, for $187m, according to press releases.

PHX Minerals is advised by Intrepid Financial Partners, RBC Capital Markets and Blank Rome. WhiteHawk Energy is advised by Stephens, Weil Gotshal and Manges (led by James Griffin and Claudia Lai) and FNK IR (led by Stephen Lee), according to press releases.

BKV and Copenhagen Infrastructure Partners form a joint venture.

BKV, an energy company, and Copenhagen Infrastructure Partners, a Danish investment firm, formed a joint venture, according to press releases. Financial terms were not disclosed.

BKV was advised by Jefferies & Company (led by Ananth Shankar), BakerHostetler and ICR (led by Caldwell Bailey), according to press releases.

Delta and Korean Air to acquire a 25% stake in WestJet from Onex for $550m.

Delta, a US airline, and Korean Air, the flag carrier of South Korea, agreed to acquire a 25% stake in WestJet, a Canadian airline, from Onex, an investment company, for $550m.

WestJet is advised by Barclays, according to press releases.

Bain Capital and Oliver Street Capital completes the acquisition of an 11-property infill industrial portfolio in Northern New Jersey for $208m.

Bain Capital, a private investment firm, and Oliver Street Capital, a real estate investment manager, completed the acquisition of an 11-property infill industrial portfolio in Northern New Jersey for $208m, according to press releases.

Bain Capital was advised by Stanton PRM (led by Scott Lessne), according to press releases.

Healthcare Funding Partners completes the acquisition of GetMeHealthcare.

Healthcare Funding Partners, an insurance platform, completed the acquisition of GetMeHealthcare, a nationwide insurance agency, according to press releases. Financial terms were not disclosed.

Anthology explores sale as debt negotiations occur with lenders. (Bloomberg)

Anthology, an education technology firm, is exploring a potential sale while simultaneously engaging in debt negotiations with its lenders.

The company, known for providing software to colleges and universities, is reportedly working with financial advisors to assess strategic options. These discussions come as Anthology navigates its financial obligations, with sources indicating that no final decision has been made and a sale is not guaranteed.

Bain Capital to buy PCI Pharma at $10bn valuation. (Reuters)

Bain Capital is reportedly negotiating the purchase of PCI Pharma Services, a contract drug manufacturer, in a deal valued at $10bn.

The private equity firm is said to be in talks with PCI's current owners — Kohlberg, Mubadala Investment, and Partners Group — to acquire a majority stake in the Philadelphia-based company.

CoreWeave in talks for $1.5bn debt deal 6 weeks after IPO. (Bloomberg)

Less than two months after a heavily scaled down initial public offering, CoreWeave is in discussions to raise about $1.5bn in debt.

The potential offering is expected to be in high-yield bonds and led by JP Morgan. The artificial intelligence cloud-hosting company has been holding virtual fixed-income investor meetings since Tuesday with the final one taking place Friday at noon.

Ryan Reynolds’ MNTN weighs IPO launch soon as next week. (Bloomberg)

MNTN, the advertising technology firm backed by actor Ryan Reynolds, is reportedly considering launching its initial public offering as soon as next week.

The company, which specializes in connected TV advertising platforms, has been preparing for a public debut amid favorable market conditions.

Digital health company Omada files for US IPO. (Bloomberg)

Omada Health, a digital health company supported by venture firm Andreessen Horowitz, has filed for an initial public offering in the United States.

The San Francisco-based firm, which provides virtual care programs for chronic conditions like diabetes and hypertension, confidentially submitted its IPO paperwork. The move marks a significant step toward going public amid growing investor interest in digital health solutions.

EMEA

Aker to merge with Aker Horizons.

Aker, a Norwegian industrial investment company, agreed to merge with Aker Horizons, a green energy and green industry developer, according to press releases. Financial terms were not disclosed.

Aker Horizons is advised by DNB Bank, Haavind and Corporate Communications (led by Mats Ektvedt). Aker is advised by Arctic Securities and BAHR, according to press releases.

Miura Partners to invest in Saesco Medical.

Miura Partners, a Spanish private equity firm specializing in mid-market investments, agreed to invest in Saesco Medical, a Barcelona-based distributor of medical devices and consumables for minimally invasive surgery, according to press releases. Financial terms were not disclosed.

Miura Partners is advised by AZ Capital, Aquilon Partners, Cuatrecasas Goncalves Pereira, Deloitte and Roland Berger, according to press releases and MergerLinks data.

Aker to acquire a 20% stake in SLB Capturi from Aker Carbon Capture for NOK635m.

Aker, a Norwegian industrial investment company, agreed to acquire a 20% stake in SLB Capturi, a company specialised in accelerating industrial decarbonization, from Aker Carbon Capture, a pure-play carbon capture company, for NOK635m ($62m), according to press releases

Aker Carbon Capture is advised by SEB Corporate Finance, Wikborg Rein and Corporate Communications (led by Mats Ektvedt), according to press releases.

AMG to acquire a minority stake in Qualitas Energy.

AMG, a strategic partner to independent investment management firms globally, agreed to acquire a minority stake in Qualitas Energy, a global investment and management platform, according to press releases. Financial terms were not disclosed.

Qualitas Energy is advised by JP Morgan and Headland Consultancy, according to press releases and MergerLinks data.

VGO Capital completes the investment in Homs Rental.

VGO Capital, a private equity firm, completed the investment in Homs Rental, a company specializing in equipment rental solutions, according to press releases. Financial terms were not disclosed.

VGO Capital is advised by DC Advisory, according to press releases and MergerLinks data.

Macquarie to acquire the UK smart meters business from Iberdrola for £900m.

Macquarie, a global financial services group, agreed to acquire the UK smart meters business from Iberdrola, an electric utility company, for £900m ($1.2bn), according to press releases.

Santander rejects NatWest's nearly $15bn bid for UK retail unit. (Reuters)

Banco Santander has reportedly turned down an acquisition offer from NatWest worth approximately £11bn ($14.6bn) for its UK retail banking division.

The Spanish bank believed the proposal undervalued its UK business. The bid, which involved advisors Morgan Stanley and UBS supporting the state-backed NatWest, is no longer active.

Oman said to consider selling stake in $8bn gas fields. (Bloomberg)

Oman is looking to sell a stake in natural gas assets valued at about $8bn, as the sultanate seeks to raise cash to shore up its state finances and fund investments.

State-owned firm Energy Development Oman SAOC is seeking partners for a minority stake in the fields contained in Block 6, which also holds the country’s most prized oil assets. Besides bringing in funds for Oman, a sale would also help spread the billions of dollars of costs needed to develop and operate the fields, which consultant Wood Mackenzie values at about $8.2bn.

UBS in talks to sell its hedge fund unit O’Connor to Cantor. (Bloomberg)

UBS is reportedly in advanced discussions to sell its hedge fund unit, O’Connor, to Cantor Fitzgerald.

The potential deal would mark UBS’s exit from the hedge fund business as part of its broader restructuring following the Credit Suisse acquisition. While the negotiations are ongoing and a final agreement hasn’t been reached, a deal could be announced soon.

Nestle lines up Rothschild for water unit sale. (Reuters)

Nestlé has enlisted Rothschild as an advisor for the planned sale of its water division later this year.

The move is part of a strategic shift under new CEO Laurent Freixe, who is steering the company toward concentrating on about 30 core brands out of its broader portfolio. Key priorities include major names like Kit-Kat, Nescafe, NAN infant formula, and Maggi products.

CaixaBank explores deal for Lone Star’s Novo Banco. (Bloomberg)

CaixaBank is reportedly exploring a potential acquisition of Novo Banco, the Portuguese lender owned by private equity firm Lone Star.

The Spanish bank is said to be evaluating the deal as part of its strategy to expand in Iberia. While discussions are still in the early stages and no formal offer has been made, the talks reflect growing interest in consolidation within the European banking sector.

APAC

CoStar to acquire Domain for AUD2.8bn.

CoStar, a provider of online real estate marketplaces, information and analytics in the property markets, agreed to acquire Domain, a real estate company, for AUD2.8bn ($1.8bn), according to press releases

Domain is advised by UBS and Gilbert + Tobin. CoStar is advised by Corrs Chambers Westgarth (led by Sandy Mak and Adam Foreman) and Cato & Clive (led by Clive Mathieson), according to press releases and MergerLinks data.

Sumitomo Mitsui Banking to acquire a 20% stake in Yes Bank for $1.58bn.

Sumitomo Mitsui Banking, a major Japanese multinational banking and financial services institution, agreed to acquire a 20% stake in Yes Bank, a private commercial bank in India, for $1.58bn, according to press releases.

Sunil Mittal is said poised to buy $2bn stake in Haier India. (Bloomberg)

Billionaire Sunil Mittal is reportedly preparing to acquire a stake worth around $2bn in Haier India.

The deal would give Mittal a significant holding in the Indian unit of the Chinese home appliance giant Haier. The investment aligns with Haier’s efforts to expand its footprint in the rapidly growing Indian market. The transaction is still under discussion and subject to final terms.

CATL seeks at least $4bn for Hong Kong listing. (Bloomberg)

Contemporary Amperex Technology is planning to seek at least $4bn from its Hong Kong stock offering, which would make it the world’s biggest listing this year.

The eventual proceeds could rise to $5.3bn if the deal is upsized and the greenshoe exercised. These options will likely be implemented.

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