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Top Highlights
Lone Star Funds, a global private equity firm, agreed to acquire Hillenbrand, a global industrial company providing highly-engineered processing equipment and solutions, in a $3.8bn deal, according to press releases.
Hillenbrand is advised by Evercore and Skadden Arps Slate Meagher & Flom. Lone Star Funds is advised by Jefferies & Company, UBS, Kirkland & Ellis, and Joele Frank (led by Jed Repko and Joseph Sala), according to press releases.
S&P Global, a financial intelligence provider, agreed to acquire With Intelligence, a private markets data, insights, and analytics provider, from Motive Partners, a private investment firm, for $1.8bn, according to press releases.
With Intelligence is advised by Oliver Wyman, Centerview Partners, Joelson, and Proskauer Rose. S&P Global is advised by McKinsey & Company, Citigroup, Jefferies & Company and Clifford Chance, according to press releases.
Fair Holdings, a holding company, agreed to acquire TrueCar, a company specializing in new and used cars for sale, for $227m, according to press releases.
TrueCar is advised by Morgan Stanley, Alston & Bird and Joele Frank (led by Andrew B. Siegel). Fair Holdings is advised by B. Riley Securities, Perkins Coie and Futurista Communications (led by Stacy Morris), according to press releases.
AMERICAS
Jeep maker Stellantis plans $13bn investment to boost US. ( WSJ)
EMEA
Altice rejects Bouygues, Orange, Iliad group's offer to buy SFR. ( Reuters)
Foxconn bid for stake in unit of Germany's ZF Group stalls. ( Reuters)
Mate Rimac could take full control of Bugatti. ( Bloomberg)
APAC
Fossil India is said to weigh IPO that could raise $400m. ( Bloomberg)
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AMERICAS
Boeing received EU antitrust approval on October 14 for its $4.7bn acquisition of Spirit AeroSystems, after agreeing to sell certain Spirit units to address competition concerns.
The deal, announced last year, is intended to help Boeing streamline operations and strengthen quality control, years after it spun off the aircraft parts supplier.
LevelBlue, a pure-play provider of managed security services, agreed to acquire Cybereason, a cybersecurity firm. Financial terms were not disclosed.
Cybereason is advised by JP Morgan and Goodwin Procter. LevelBlue is advised by Santander and Kirkland & Ellis.
Raymond James, a diversified financial services company, agreed to acquire a majority stake in GreensLedge, a boutique investment bank, according to press releases. Financial terms were not disclosed.
GreensLedge is advised by Houlihan Lokey and Debevoise & Plimpton. Raymond James is advised by Sullivan & Cromwell, according to press releases.
Saothair Capital Partners, a private equity firm, completed the acquisition of GatesAir, a global designer, manufacturer, and installer of wireless, over-the-air content delivery and public safety communications equipment, according to press releases. Financial terms were not disclosed.
GatesAir was advised by GLC Advisors and Akin Gump Strauss Hauer & Feld. Saothair was advised by McGuireWoods, according to press releases.
Marlin Equity Partners, a private equity firm, completed the investment in Intelligent Locations, a provider of AI-powered real-time location system software for healthcare enterprises, according to press releases. Financial terms were not disclosed.
Intelligent Locations was advised by First Analysis Securities Corporation and Bass Berry & Sims. Marlin Equity Partners was advised by Goodwin Procter, according to press releases.
Veritiv, a global provider of specialty packaging, facility solutions, and print products, completed the acquisition of Packaging Solutions, a supplier of custom packaging solutions in Southern California, according to press releases. Financial terms were not disclosed.
Veritiv was advised by Alston & Bird, according to press releases.
A consortium of investors AIP, MGX, BlackRock, and GIP, agreed to acquire Aligned Data Centers, a technology infrastructure company, from Macquarie Asset Management, an Australian financial services group, according to press releases. Financial terms were not disclosed.
Arcline-backed DwyerOmega, a manufacturer of innovative sensors, instrumentation, and monitoring solutions, completed the acquisition of Macurco, a global provider of intelligent gas detection monitoring solutions, according to press releases. Financial terms were not disclosed.
DwyerOmega was advised by Joele Frank (led by Tim Ragones), according to press releases.
NVentures, a venture capital firm of Nvidia, led a $115m round in Lila Sciences, an AI-powered scientific research startup.
Jeep maker Stellantis plans $13bn investment to boost US. ( WSJ)
Stellantis is planning its largest-ever investment in the United States, committing $13bn through the end of the decade to expand production of Jeeps, pickups, and Dodge SUVs.
The automaker will launch five new vehicles and a new four-cylinder engine, creating over 5k jobs at Midwest plants, with suppliers potentially adding 20k more. The investment aims to drive growth in the US market.
EMEA
Coincheck, a Japanese bitcoin wallet and exchange service, completed the acquisition of Aplo, a digital asset prime brokerage for institutional crypto investors, according to press releases. Financial terms were not disclosed.
Aplo SAS was advised by Galaxy Digital Partners, Squair, Agence Proches (led by Jihane Teretal), and Montfort Communications (led by Ben Craig). Coincheck Group was advised by De Brauw Blackstone Westbroek (led by Jaap Barneveld) and Jeantet, according to press releases and MergerLinks data.
Multiply Group, a private equity firm, offered to acquire 2PointZero, a holding company, and Ghitha Holding, a trading and distribution firm, in an AED120bn ($32.7bn) deal, according to press releases.
Multiply Group is advised by Weber Shandwick (led by Rawad Khattar), according to press releases.
Altice rejects Bouygues, Orange, Iliad group's offer to buy SFR. (Reuters)
Altice France, the French telecom company, informed its employees on October 15 that it had "immediately rejected" a takeover proposal from rivals Bouygues, Orange, and the Free-Iliad group for its mobile division, SFR.
The three competitors had announced that they had made a nonbinding offer to purchase a significant portion of Altice’s French operations, valuing the deal at €17bn ($19.8bn).
Foxconn bid for stake in unit of Germany's ZF Group stalls. ( Reuters)
Foxconn’s two-year effort to acquire a stake in a ZF Group unit has hit a roadblock after due diligence revealed a wide gap in valuation expectations and higher-than-expected debt levels.
The findings emerged shortly before the German auto supplier announced it would scrap plans to spin off its powertrain technology division, known as Division E, in October 2025.
Mate Rimac could take full control of Bugatti. ( Bloomberg)
Mate Rimac, founder of Croatian sports-car maker Rimac Group, said he is in discussions to buy Porsche AG’s stake in their joint venture, Bugatti Rimac, with the goal of reaching an agreement by 2026.
The deal would give Rimac full control of the luxury car brand and further strengthen his company’s position as a leading high-performance electric vehicle manufacturer.
APAC
Fossil India is said to weigh IPO that could raise $400m. ( Bloomberg)
Fossil Group the US-based luxury watchmaker, is exploring an initial public offering for its Indian subsidiary as activity in the South Asian IPO market continues to accelerate. The move would mark one of the latest efforts by global consumer brands to tap India’s growing base of affluent consumers and investors.
The company is in discussions with bankers about raising between $300m and $400m by selling up to a 25% stake in Fossil India. Deliberations are ongoing, and details including valuation and timing could still change.
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