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AMERICAS

Redwire to acquire Edge Autonomy from Edge Autonomy Ultimate Holdings for $925m. (Press Release)

Redwire has amended the terms of its definitive agreement to acquire Edge Autonomy, a provider of uncrewed airborne systems, in a deal valued at $925m. Under the revised structure, the merger consideration will include $160m in cash and $765m in Redwire common stock.

Edge Autonomy is advised by Citigroup, Kirkland & Ellis and William Blair & Co. Redwire is advised by GH Partners, JP Morgan, Roth Capital Partners, Dentons (led by Igor Davydenko), Holland & Knight (led by David Barkus and Ibrahim Barakat) and Richards Layton and Finger. Debt financing is provided by Bank of America, JP Morgan, Texas Capital Bank and Truist Bank, according to press releases and MergerLinks data.

Angeles Equity Partners completes the acquisition of a majority stake in Solid Surface Care.

Angeles Equity Partners, a private investment firm that partners with niche manufacturing, critical industrial services and specialty distribution, completed the acquisition of a majority stake in Solid Surface Care, a provider of specialty maintenance and restoration services, according to press releases. Financial terms were not disclosed.

Angeles Equity Partners was advised by Raymond James, Massumi + Consoli and GlobalMeet (led by Trent Waterhouse). Solid Surface Care was advised by Fieldstone Capital Partners and Womble Bond Dickinson, according to press releases.

Olympus Partners and Atlas Holdings-backed International Wire Group to acquire Hussey Copper from KPS Capital Partners.

Olympus Partners and Atlas Holdings-backed International Wire Group, a provider of a comprehensive range of wire products, agreed to acquire Hussey Copper, a supplier of copper products used in electrical infrastructure, from KPS Capital Partners, a private equity firm, according to press releases. Financial terms were not disclosed.

KPS Capital Partners and Hussey Copper are advised by Lazard and Paul Weiss Rifkind Wharton & Garrison (led by Angelo Bonvino and Daniel D. Fuschillo), according to press releases and MergerLinks data.

NEA led a $100m Series A round in Horizon3.ai.

NEA, an American venture capital firm, led a $100m Series A round in Horizon3.ai, an autonomous computer and network security provider, with participation from SignalFire, Craft Ventures and 9Yards Capital, according to press releases.

Horizon3.ai was advised by SourceCode Communications (led by Ed Kraft), according to press releases.

Exagon completes the acquisition of a majority stake in SunRoof.

Exagon, a private equity firm advancing the renewable energy transition in Latin America and the Caribbean, completed the acquisition of a majority stake in SunRoof, a leading Latin American clean energy provider of solar and battery storage solutions, according to press releases. Financial terms were not disclosed.

Battery Ventures-backed Crunchtime to merge with QSR Automations.

Battery Ventures-backed Crunchtime, a comprehensive operations management platform, agreed to merge with QSR Automations, a global kitchen operations technology company, according to press releases. Financial terms were not disclosed.

Covius to acquire Title365 from Blend Labs.

Covius, a provider of technology-enabled solutions to the financial services industry, agreed to acquire Title365, a national provider of title insurance and settlement services, from Blend Labs, a digital origination platform for banks, credit unions and mortgage lenders, according to press releases. Financial terms were not disclosed.

IVP and Google Ventures led a $100m Series C round in Laurel.

IVP and Google Ventures, a private equity firms, led a $100m Series C round in Laurel, an automated timekeeping software, with participation from DST Global, ACME, AIX Ventures, Anthos and TIME Ventures.

UnitedHealth targets $1bn exit from Latin America to refocus on US market. (Reuters)

UnitedHealth is evaluating several bids for its Latin American operations as it moves to streamline its business amid internal challenges, including leadership upheaval and a reported criminal accounting probe.

The largest US health insurer has been seeking to exit the region since 2022, with the sale of Banmedica now gaining urgency following recent setbacks.

Warner Bros Discovery to split streaming and cable TV into separate public companies. (Reuters)

Warner Bros Discovery plans to separate its studios and streaming operations from its declining cable television networks, forming two publicly traded entities.

The move, aimed at strengthening its position in the streaming market, marks the latest reversal of long-standing media consolidation that had bundled content, distribution, and telecom under single corporate umbrellas.

Morgan Stanley markets $5bn debt package for Elon Musk’s xAI. (Reuters)

Morgan Stanley is marketing a $5bn financing package for xAI, the artificial intelligence firm owned by Elon Musk, amid heightened public tensions between Musk and the US president.

The package includes bonds and two loans, with the bank offering a floating-rate term loan B at 97 cents on the dollar, priced at 700 basis points over the SOFR benchmark rate.

Churchill Asset Management closes $1.5bn co-investment fund at hard cap. (Press Release)

Churchill Asset Management, a Nuveen investment affiliate, has announced the final close of Churchill Co-Investment Fund II with $1.5bn in limited partner commitments.

The oversubscribed fund, aimed at delivering strong risk-adjusted returns through equity co-investments alongside private equity sponsors in US middle-market companies, reached its hard cap and is nearly 3.5 times larger than its predecessor.

EMEA

Bridgepoint to acquire NMi Group from Levine Leichtman Capital Partners.

Bridgepoint, a private asset growth investor, agreed to acquire NMi Group, a metrology company, offering a comprehensive suite of advisory, testing, inspection, certification, and calibration services, from Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, according to press releases. Financial terms were not disclosed.

NMi Group and Levine Leichtman Capital Partners are advised by Houlihan Lokey, Rothschild & Co and NautaDutilh, according to press releases.

Quantum Design to acquire quantum business from Oxford Instruments for £60m.

Quantum Design, a provider of high-technology instrumentation for advanced scientific research application, agreed to acquire quantum business from Oxford Instruments, a United Kingdom manufacturing and research company that designs and manufactures tools and systems for industry and research, for £60m ($81.3m), according to press releases.

Oxford Instruments is advised by Kroll, Ashurst and MHP Communications, according to press releases.

Nicoya completes the acquisition of Applied Photophysics.

Nicoya, a biotechnology company, completed the acquisition of Applied Photophysics, a UK-based provider of biophysical characterization instrumentation, according to press releases. Financial terms were not disclosed.

Nicoya was advised by Consort Partners, according to press releases.

PHINIA to acquire SEM.

PHINIA, a premium fuel systems, electrical systems and aftermarket solutions provider, agreed to acquire SEM, a provider of advanced natural gas, hydrogen and other alternative fuel ignition systems, for $47m, according to press releases.

S&P Global completes the acquisition of TeraHelix.

S&P Global, a financial intelligence provider, completed the acquisition of TeraHelix, a privately held financial technology firm, according to press releases. Financial terms were not disclosed.

Blackstone plans $500bn investment in Europe over next decade. (Bloomberg)

Blackstone is preparing to invest up to $500bn in Europe over the next 10 years, marking a major expansion of its presence in the region.

The announcement comes as the firm celebrates 25 years of operations in London. Blackstone sees shifting policies in Europe as a catalyst for higher growth and long-term opportunity.

Agnelli family targets €2bn deal in Europe or US following Ferrari stake sale. (Bloomberg)

Italy’s Agnelli family has allocated around €2bn ($2.3bn) for investment in a European or US company, aiming to redeploy proceeds from the partial sale of its stake in Ferrari.

Exor, the family’s holding company, received €3bn ($3.4bn) from the Ferrari transaction earlier this year and is now seeking an investment target. The group plans to acquire a 10% to 15% stake in the chosen company, becoming its largest shareholder.

Wood Group aims to finalise Sidara deal by end of June 2025. (Sky News)

Aberdeen-based oil services firm Wood Group is preparing to request a short extension from the UK Takeover Panel as it works to finalise a reduced-price acquisition by UAE-based Sidara by the end of the month.

The joint extension request, expected to be approved, is likely to fall short of the 28-day maximum permitted under UK takeover rules, indicating both sides are confident an agreement is near.

Blackstone considers Cirsa IPO launch in near term. (Bloomberg)

Blackstone is weighing the possibility of launching an IPO for Cirsa Enterprises, a Spanish casino operator, in the coming weeks. Market conditions have improved, presenting a favorable window for listings ahead of the summer slowdown.

The offering may raise less than previously anticipated, following a recent capital injection by Blackstone to reduce Cirsa’s debt. A November estimate from Bloomberg suggested the IPO could raise up to €1bn ($1.1bn) before the cash infusion.

APAC

Toyota-backed Hino Motors to merge with Daimler-backed MFTBC. (Press Release)

Toyota Motor and Daimler Truck have agreed to finalize the merger of their truck subsidiaries Hino Motors and Mitsubishi Fuso Truck & Bus under a new holding company by April 2026. Each company will hold a 25% stake in the new entity.

Hino Motors is advised by Nomura, Plutus Consulting, A&O Shearman (led by Masahisa Ikeda and Toshiro M. Mochizuki), Anderson Mori & Tomotsune and Nagashima Ohno & Tsunematsu, according to press releases and MergerLinks data.

Aquatech completes the acquisition of Century Water.

Aquatech, a global provider of water and process technology solutions, completed the acquisition of Century Water, a water technology company in Asia-Pacific region, according to press releases. Financial terms were not disclosed.

KKR, Brookfield and Air Liquide eye $3.6bn deal for Macquarie’s South Korean gas asset. (Reuters)

Macquarie Asset Management’s South Korean industrial gas company, DIG Airgas, has attracted interest from KKR, Brookfield Asset Management and French gas supplier Air Liquide in a potential deal valued at up to $3.6bn.

Macquarie has appointed Goldman Sachs and JP Morgan to manage the sale, with non-binding bids expected later this month.

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