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AMERICAS

Avista Healthcare Partners completes the acquisition of EBI division from Highridge Medical.

Avista Healthcare Partners, a private equity firm, completed the acquisition of EBI bone healing division from Highridge Medical, a medical device company, according to press releases. Financial terms were not disclosed.

EBI was advised by Robert W Baird. Avista Healthcare Partners was advised by Ropes & Gray (led by Sam Levitt and Bob A. Rivollier) and Kekst CNC (led by Daniel Yunger), according to press releases and MergerLinks data.

Diginex to acquire Resulticks for $2bn.

Diginex, a provider of sustainability RegTech solutions, agreed to acquire Resulticks, a provider of AI-driven customer engagement and data management solutions, for $2bn, according to press releases.

Diginex is advised by Kirchhoff Consult, Lambert & Co and Strategic Public Relations (SPRG), according to press releases and MergerLinks data.

Ocorian completes the acquisition of Fund Solutions business from E78 Partners.

Ocorian, a global provider of fund administration, capital markets, corporate and compliance solutions, completed the acquisition of Fund Solutions business from E78 Partners, a provider of advisory and managed services, according to press releases. Financial terms were not disclosed.

E78 Partners was advised by PL Advisors and Kirkland & Ellis (led by Jennifer Perkins and Giorgia Nagalli), according to press releases and MergerLinks data.

Cellebrite to acquire Corellium.

Cellebrite, a provider of digital investigative solutions for the public and private sectors, agreed to acquire Corellium, a provider of Arm-based virtualization software, according to press releases. Financial terms were not disclosed.

Corellium is advised by JP Morgan, according to press releases and MergerLinks data.

Aprio completes the acquisition of O'Connor Consulting Services.

Aprio, a business advisory and accounting firm, completed the acquisition of O'Connor Consulting Services, a consulting company specializing in nonprofit business advisory and interim outsourcing services, according to press releases. Financial terms were not disclosed.

O'Connor Consulting Services was advised by The McLean Group, according to press releases.

Aditya Birla to acquire specialty chemicals manufacturing facility from Cargill.

Aditya Birla, an Indian multinational conglomerate, agreed to acquire specialty chemicals manufacturing facility from Cargill, an American multinational food corporation, according to press releases. Financial terms were not disclosed.

Colliers completes the acquisition of Triovest from Coril.

Colliers, a global diversified professional services and investment management company, completed the acquisition of Triovest, a Canadian commercial real estate services platform, from Coril, a private asset manager, according to press releases. Financial terms were not disclosed.

Yale nears $2.5bn sale of private equity holdings ahead of tax changes. (Bloomberg)

Yale University is close to finalizing a sale of up to $2.5bn in private equity and venture capital stakes, as it moves to adjust its portfolio ahead of possible tax policy changes.

The endowment is conducting the sale - referred to internally as “Project Gatsby” - with the overall discount expected to be under 10%. Some buyers had previously valued portions of the portfolio with discounts of up to 15%.

Circle raises $1.1bn in upsized IPO priced above range. (Bloomberg)

Circle Internet Group and its shareholders raised nearly $1.1bn in an upsized initial public offering, with shares priced above the marketed range reflecting growing investor confidence in stablecoin issuers.

The company, along with backers including co-founder and CEO Jeremy Allaire, sold 34m shares at $31 each.

Neuberger Berman raises over $4bn for new secondary fund. (Bloomberg)

Neuberger Berman has secured more than $4bn for its latest general partner-led secondary vehicle, NB Strategic Capital Fund II, overcoming a tough private capital fundraising environment.

The fund received additional commitments from limited partners, surpassing its original $2.5bn target and significantly exceeding the $955m raised by its predecessor in 2020.

EMEA

SES $3.1bn Intelsat deal to gain unconditional EU antitrust nod. (Reuters)

Luxembourg-based satellite operator SES is expected to receive unconditional clearance from the European Union for its $3.1bn acquisition of US rival Intelsat.

The move is part of Europe’s broader push to build a more competitive space communications industry capable of matching giants like Elon Musk’s Starlink.

SES is advised by Deutsche Bank, Guggenheim Partners (led by Jim Millstein), Morgan Stanley (led by Dominique Cahu), Arendt & Medernach, Corrs Chambers Westgarth (led by James Cameron), Freshfields Bruckhaus Deringer, Gibson Dunn & Crutcher (led by David Wilf), Hogan Lovells, and Trilegal (led by Nikhil Narendran). Davidson Kempner is advised by Sullivan & Cromwell (led by Alison S. Ressler). Intelsat is advised by Goldman Sachs (led by Clif Marriott), PJT Partners (led by Hugo Baring and John Trousdale), Elvinger Hoss Prussen (led by Toinon Hoss), Skadden Arps Slate Meagher & Flom (led by Micah Kegley), and Kekst CNC (led by Ruth Pachman and Ross Lovern). Financial advisors are advised by Debevoise & Plimpton (led by Andrew Bab) and Latham & Watkins (led by Robert Katz). Debt financing is provided by Deutsche Bank and Morgan Stanley, according to press releases and MergerLinks data.

Helsing to acquire Grob Aircraft.

Helsing, a European defence technology company, agreed to acquire Grob Aircraft, an aircraft manufacturer, according to press releases. Financial terms were not disclosed.

Grob is advised by Noerr (led by Dominik Rompza and Christian C. W. Pleister) and Norton Rose Fulbright (led by Frank Henkel), according to press releases and MergerLinks data.

Suzano and Kimberly-Clark to form a joint venture in a $3.4bn deal.

Suzano, a Brazilian producer of paper and pulp, and Kimberly-Clark, an American multinational consumer goods and personal care corporation, agreed to form a joint venture in a $3.4bn deal, according to press releases.

Suzano is advised by Hawthorn Advisors, according to press releases.

Siguler Guff-backed Solvd completes the acquisition of Tooploox.

Siguler Guff-backed Solvd, an AI-first advisory and digital engineering firm, completed the acquisition of Tooploox, a technology company offering end-to-end AI software development services, product development, and bespoke AI solutions, according to press releases. Financial terms were not disclosed.

Siguler Guff was advised by Kekst CNC (led by Jeffrey Z. Taufield), according to press releases.

Davidson Kempner completes the investment in AQUATERRA.

Davidson Kempner, a global institutional alternative investment management firm, completed the investment in AQUATERRA, a Portugal-based company specializing in sustainable avocado and tangerine production, according to press releases. Financial terms were not disclosed.

AQUATERRA was advised by Arcano Partners (led by Ignacio Marques del Pecho), according to press releases and MergerLinks data.

L'Oréal set to acquire Medik8 in €1bn deal. (FT)

L'Oréal is nearing an agreement to acquire UK skincare brand Medik8 for approximately €1bn ($1.1bn), strengthening its portfolio of premium beauty products.

The deal with the private equity-owned company is close to being finalized and is expected to be announced in the coming days, though the timeline may still shift.

Wrexham AFC explores stake sale at valuation of up to £350m. (Bloomberg)

Wrexham AFC, the Welsh football club owned by actors Ryan Reynolds and Rob McElhenney, is considering selling a stake that could value the team at up to £350m ($475m).

The club is working with investment bank advisers to assess interest from potential investors. Reynolds and McElhenney bought Wrexham for around £2m ($2.7m) in 2021. Its profile has grown significantly following a documentary on the actors’ ownership. Earlier this year, Wrexham was valued at about £100m ($136m) when the Allyn family from New York acquired a nearly 15% stake.

Allianz in talks to acquire European credit manager Capital Four. (Bloomberg)

Allianz is in preliminary discussions to acquire Capital Four, a European private credit manager, as part of efforts to expand its asset management capabilities.

The talks are ongoing and remain subject to change, with no guarantee that a deal will be completed.

Glencore-backed Cobalt Holdings cancels $230m London IPO ahead of debut. (Bloomberg)

Cobalt Holdings has scrapped its planned initial public offering in London just a day before its scheduled debut.

The company had aimed to raise approximately $230m to fund an initial cobalt purchase from Glencore and cover related storage costs. The decision was announced in a statement on Wednesday.

Dubai’s FIVE Holdings weighs IPO in London or New York. (Reuters)

FIVE Holdings, the Dubai-based party hotel operator, is considering a public listing in London or New York.

The company, which owns the Pacha hotel and nightclub, has also been exploring an IPO in Dubai. Chairman and founder Kabir Mulchandani previously estimated the company’s valuation at up to $3bn and mentioned the possibility of a dual listing.

Wise plans to move primary listing from London to US. (Bloomberg)

Wise plans to shift its main listing to the US, dealing another setback to London’s stock market.

The fintech will retain a secondary listing on the London Stock Exchange, but will designate the US as its primary listing venue. The move highlights ongoing concerns over low valuations and limited liquidity in London’s capital markets.

De Beers sale draws interest from former CEOs as Anglo prepares formal process. (Bloomberg)

Anglo American is preparing to launch a formal sales process for De Beers, with early interest coming from several potential buyers, including two former chief executives of the diamond company.

The planned divestment marks the final phase of Anglo’s broad restructuring strategy, initiated by CEO Duncan Wanblad as the company defended against a takeover attempt by BHP Group. Anglo has already agreed to sell its coal and nickel assets and has unbundled its platinum business this week.

APAC

MBK Partners to acquire Makino Milling Machine.

MBK Partners, a private equity firm, offered to acquire Makino Milling Machine, a Japanese manufacturer of precision machine tools, according to press releases. Financial terms were not disclosed.

MBK Partners is advised by A&O Shearman (led by Toshiro M. Mochizuki and Karl Pires), according to press releases and MergerLinks data.

TOPPAN Security to acquire dzcard Group.

TOPPAN Security, a global provider of secure identity and payment solutions, agreed to acquire dzcard Group, a provider of smart card solutions and personalization services across Asia and Africa, according to press releases. Financial terms were not disclosed.

Navis is advised by Rothschild & Co, according to press releases and MergerLinks data.

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