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AMERICAS
CapVest Partners-backed Curium to acquire Lantheus for $8bn.
CapVest Partners-backed Curium, a radiopharmaceutical company, agreed to acquire Lantheus, a company in the development, manufacture and commercialization of innovative diagnostic imaging agents and products, for $8bn, according to press releases.
CapVest Partners is advised by Reputation (led by Ben Valdimarsson). Curium is advised by JP Morgan, Jefferies & Company, PJT Partners, Arnold & Porter Kaye Scholer and Kirkland & Ellis. Lantheus is advised by Bank of America, Morgan Stanley, Solomon Partners, Covington & Burling and Ropes & Gray , according to MergerLinks data and press releases.
MML Capital, a private equity firm, agreed to acquire a minority stake in Mourant, an international professional services group, according to press releases. Financial terms were not disclosed.
Mourant is advised by Dejonghe & Morley, Deloitte, PwC, Rothschild & Co, Addleshaw Goddard and FractionGC. MML Capital is advised by Konsert Strategy & IP, Oliver Wyman, PwC, Robert W Baird and Pinsent Masons, according to press releases and MergerLinks data.
Ascensus, an American financial services company, completed the acquisition of AmericanTCS, a financial services organization that provides technology-enabled solutions, from Parthenon Capital, a private equity firm, according to press releases. Financial terms were not disclosed.
Ascensus was advised by JP Morgan, Lazard, DLA Piper, Ropes & Gray, Simpson Thacher & Bartlett and Prosek Partners. AmericanTCS was advised by Raymond James (led by Brendan Ryan), Kirkland & Ellis and Haven Tower Group (led by Lorene Yue), according to press releases and MergerLinks data.
Veritas Capital, an American private equity firm, agreed to acquire a majority stake in Trinity Consultants, a provider of engineering and consulting services to the natural and built environment, from Oak Hill Capital, an American private equity firm. Oak Hill, Trinity’s management and employees will retain minority stakes, according to press releases. Financial terms were not disclosed.
Veritas Capital is advised by Gibson Dunn & Crutcher and Prosek Partners. Trinity Consultants and Oak Hill Capital are advised by AEC Advisors, Harris Williams & Co, JP Morgan, Robert W Baird and Paul Weiss Rifkind Wharton & Garrison. Oak Hill is also advised by Prosek Partners (led by Trevor Gibbons), according to press releases.
ContextLogic, a business ownership platform, agreed to acquire gChem, a US-based manufacturer of dimethyl sulfoxide, dimethyl sulfide and related specialty chemicals, from EagleTree Capital, a private equity firm, and their co-investors, for $850m, according to press releases.
ContextLogic is advised by Piper Sandler and Ropes & Gray. Debt financing is provided by Blackstone Credit & Insurance. gChem is advised by Morgan Stanley and Jones Day. EagleTree Capital is advised by Jones Day (led by Andrew M. Levine and William Sinchuk) and FGS Global (led by Shannon O'Connor), according to press releases and MergerLinks data.
Francisco Partners, an American private equity firm, agreed to acquire a majority stake in Command Alkon, a US-based provider of software and technology solutions for the heavy building materials industry, from Thoma Bravo, a private equity firm. Heidelberg Materials will retain a significant minority stake in Command Alkon, according to press releases. Financial terms were not disclosed.
Francisco Partners is advised by Deutsche Bank, Paul Hastings and Prosek Partners. Thoma Bravo and Command Alkon are advised by Evercore, Kirkland & Ellis and FGS Global (led by Akash Lodh). Heidelberg Materials is advised by Skadden Arps Slate Meagher & Flom, according to press releases.
Ridgemont Equity Partners, a Charlotte-based middle market private equity firm, completed the acquisition of ENTACT, a provider of environmental remediation and construction services. Financial terms were not disclosed.
ENTACT was advised by AEC Advisors, Brown Gibbons Lang & Co, A&O Shearman and Blank Rome. Ridgemont Equity Partners was advised by Harris Williams & Co, Kirkland & Ellis and Profile Advisors, according to press releases.
New Mountain Capital, an alternative investment manager with private equity, public equity, and private credit strategies, agreed to acquire Jensen Hughes, a company focusing on specialty engineering, consulting, and technology services, from Gryphon Investors, a private equity firm, according to press releases. Financial terms were not disclosed.
New Mountain Capital is advised by AEC Advisors, Harris Williams & Co, Ropes & Gray and Prosek Partners (led by Joshua Clarkson). Gryphon Investors is advised by Bank of America and Kirkland & Ellis, according to press releases and MergerLinks data.
Wind Point Partners, a private equity firm, completed the acquisition of Eze Castle Integration, a provider of enterprise technology services for the alternative investment and regulated financial services industries, from HIG Capital, an alternative asset investment firm, according to press releases. Financial terms were not disclosed.
Eze Castle Integration was advised by Guggenheim Partners, Robert W Baird and King & Spalding. Wind Point Partners was advised by Houlihan Lokey, KPMG and Winston & Strawn, according to press releases.
Blackstone Energy Transition Partners, an investment platform of Blackstone focused on energy transition and industrial infrastructure, agreed to acquire DarkVision, a company providing advanced ultrasound imaging solutions, from Koch Engineered Solutions, a manufacturer of industrial chemicals, according to press releases. Financial terms were not disclosed.
DarkVision is advised by Evercore and Fasken. Blackstone Energy Transition Partners is advised by Guggenheim Partners, Stifel, Bennett Jones, and Kirkland & Ellis, according to press releases.
AE Industrial, a private investment firm, completed the acquisition of a majority stake in the space propulsion and power systems business of L3Harris Technologies, an American technology company, defense contractor, and information technology services provider that produces C6ISR systems and products, at an $845m valuation, according to press releases.
San Mateo Midstream, a provider of midstream energy infrastructure services, completed the acquisition of the operating subsidiaries of EnCap Flatrock Midstream-owned Cardinal Midstream Partners, an energy company engaging in natural gas and crude oil gathering, compression, processing, and condensate stabilization, for $752m, according to press releases.
Fiserv, a global fintech and payments company, and Bridgeport Partners, a New York-based private equity and investment firm, completed the formation of MoneyPass Group, an independent payments and cash infrastructure company serving banks, credit unions, fintechs and ATM operators nationwide, according to press releases. Financial terms were not disclosed.
Fiserv was advised by Foley & Lardner. Bridgeport Partners was advised by Weil Gotshal and Manges (led by Michael J. Aiello and Matthew Gilroy) and FTI Consulting. Debt financing was provided by Capital One Financial Corporation, according to press releases and MergerLinks data.
The Williams Companies, a natural gas processing and transportation company, agreed to acquire Momentum Midstream, an integrated natural gas midstream business, from EnCap Flatrock, a venture capital firm focused on the North American midstream sector, for $5.5bn, according to press releases.
Momentum Midstream is advised by Barclays, Jefferies & Co and Kirkland & Ellis. EnCap Flatrock Midstream is advised by Willkie Farr & Gallagher and FGS Global (led by Kelly Kimberly), according to press releases.
Platinum Equity, an American private equity investment firm, completed the acquisition of Tangent Technologies, a manufacturer of high-performance synthetic materials, from The Sterling Group, a private equity investment firm, according to press releases. Financial terms were not disclosed.
Platinum Equity was advised by Alston & Bird and Gibson Dunn & Crutcher (led by Ari Lanin). The Sterling Group was advised by Lincoln International, Moelis & Co, and McDermott Will & Schulte, according to press releases and MergerLinks data.
Veritas Capital, a private-equity firm, agreed to acquire Saber Power Services, a fully integrated electrical power system services firm, from Greenbelt Capital Partners, a private equity firm, according to press releases. Financial terms were not disclosed.
Veritas Capital is advised by Gibson Dunn & Crutcher and Prosek Partners. Saber Power Services and Greenbelt Capital Partners are advised by Harris Williams & Co and Kirkland & Ellis. Greenbelt Capital Partners is advised by Llorente Y Cuenca (led by Christina Maldonado), according to press releases.
THL Partners, an American private equity firm, completed the acquisition of a majority stake in PaveMasters, a provider of pavement maintenance and repair services, from Northern Lakes Capital, a private equity firm, according to press releases. Financial terms were not disclosed.
THL Partners was advised by Jefferies & Company, Schwartz & Co and Davis Polk & Wardwell (led by William J. Chudd). PaveMasters and Northern Lakes Capital were advised by Fredrikson & Byron. PaveMasters was advised by Robert W Baird, according to press releases and MergerLinks data.
Francisco Partners-backed OEConnection, a company that provides software solutions for original equipment manufacturers, agreed to acquire Epyx, r2c Online, and Business Gateway, fleet software companies, from Corpay, a global business payments and spend management company, according to press releases. Financial terms were not disclosed.
Francisco Partners and OEConnection are advised by DC Advisory and Goodwin. Corpay is advised by Barclays, JP Morgan and Jones Day, according to press releases.
McNally Capital, a private investment firm, completed the acquisition of a majority stake in TENICA, a provider of national security, defense, cybersecurity, and information technology services, according to press releases. Financial terms were not disclosed.
McNally Capital was advised by Ropes & Gray, Venable and Prosek Partners. TENICA was advised by The McLean Group and PilieroMazza, according to press releases.
Brookfield, an alternative asset management company, completed the acquisition of the remaining 26% stake in Oaktree, an investment firm, for $3bn, according to press releases.
Procter & Gamble, a global consumer goods company, agreed to acquire Thorne, an American health technology and wellness company that manufactures science-backed nutritional supplements, from L Catterton, a private equity firm, for $3.8bn, according to press releases
Thorne is advised by Perella Weinberg Partners, Canaccord Genuity and Kirkland & Ellis. Procter & Gamble is advised by Jones Day (led by Andrew M. Levine and Ann M. Bomberger), according to press releases and MergerLinks data.
BV Investment Partners, a middle-market private equity firm, completed the investment in Thomas & Company, a workforce compliance and human resources services firm, according to press releases. Financial terms were not disclosed.
BV Investment Partners was advised by Ropes & Gray and Chris Tofalli Public Relations (led by Chris Tofalli). Thomas & Company was advised by McDermott Will & Schulte and Houlihan Lokey, according to press releases.
Nordic Capital, a private equity investor, agreed to acquire the medical business of BWX Technologies, an American engineering and manufacturing company that supplies nuclear components, fuels, and related services, for $800m, according to press release.
BWX Technologies is advised by Solomon Partners and Stikeman Elliott. Nordic Capital is advised by Kirkland & Ellis and McCarthy Tetrault, according to press releases.
Access Holdings, an alternative investment manager, completed the acquisition of a majority stake in Reliable Towing, a provider of towing, recovery, and fleet services in the Pacific Northwest. Reliable Towing’s existing investors included Collaborative Capital Management, according to press releases. Financial terms were not disclosed.
Access Holdings was advised by McCarthy Tetrault and McGuireWoods. Collaborative Capital Management was advised by Boughton Law and Hillis Clark Martin & Peterson, according to press releases.
Apollo, a private equity firm, completed the acquisition of a majority stake in Maverick Water Group, a water infrastructure development and asset management company, from Crosstimbers Capital Group, a private equity firm, according to press releases. Financial terms were not disclosed.
Maverick Water Group was advised by Guggenheim Partners. Apollo was advised by Vinson & Elkins (led by Dan Komarek and Christopher B. Bennett). Crosstimbers Capital Group was advised by Latham & Watkins, according to MergerLinks data and press releases.
Versant Media Group, a media and entertainment company, completed the acquisition of Full Swing, a sports technology company designing golf simulator systems, from Bruin Capital, a global sports and entertainment investment firm, for $530m, according to press releases.
Versant Media Group was advised by Gibson Dunn & Crutcher. Bruin Capital was advised by Moelis & Co and Kirkland & Ellis, according to press releases.
Truelink Capital, a private equity firm, agreed to acquire JT Thorpe, a provider of specialty industrial maintenance and thermal management services, from H.I.G. Capital, an investment firm, according to press releases. Financial terms were not disclosed.
JT Thorpe is advised by Goldman Sachs, Harris Williams & Co, and McDermott Will & Schulte, according to press releases.
Terramont Infrastructure Partners, a middle-market focused infrastructure investment firm, completed the acquisition of a majority stake in Hainesport Transportation Group, a provider of waste management, transportation, and disposal services, according to press releases. Financial terms were not disclosed.
Terramont Infrastructure Partners was advised by K&L Gates. Debt financing was provided by Fifth Third Bancorp. Hainesport Transportation Group was advised by Klehr Harrison Harvey Branzburg, according to press releases.
Sheridan Capital Partners, a healthcare-focused private equity firm, completed the investment in Carolina Components Group, a US-based supplier of bioprocessing components and single-use assemblies for biopharmaceutical manufacturers, according to press releases. Financial terms were not disclosed.
Sheridan Capital Partners was advised by Kirkland & Ellis. Carolina Components Group was advised by Houlihan Lokey and McDermott Will & Schulte, according to press releases.
885 Capital and Knighthead Capital Management-backed Professional Fighters League, a mixed martial arts organization operating global MMA competitions and media distribution platforms, agreed to merge with Most Valuable Promotions, a combat sports promotion company focused on boxing, MMA, and athlete brand-building, according to press releases. Financial terms were not disclosed.
Most Valuable Promotions is advised by Goodwin. Professional Fighters League is advised by Cooley, according to press releases.
Atreides Management, Bain Capital Ventures, Meritech, Seligman Ventures and Spark Capital led a $700m round in Lumilens, the connectivity platform for AI infrastructure, with participation from Addition, Alkeon, Harbourvest, JP Morgan, Mayfield, MVP Ventures, Qualcomm Ventures, Peak XV, Redpoint Ventures and Seifdune, according to press releases.
Lumilens was advised by VSC Public Relations, according to press releases.
Ribbit, Addition, Valor Equity Partners, and JP Morgan, investment firms, led a $1bn Series D round in Base Power, an energy technology company providing residential battery storage systems, with participation from Altimeter, D1 Capital Partners, Sands Capital, Coatue, Layer Global, Energy Impact Partners, Thrive Capital, a16z, Lightspeed, Trust Ventures and CapitalG, according to press releases.
Sequoia Capital, a US-based venture capital firm, led a $1bn Series B round in Valar Atomics, a developer of advanced nuclear fission reactors designed to scale clean energy for industrial power, hydrogen, and synthetic fuels, with participation from Apandion, Atreides Management, Conviction, Dream Ventures, HOF Capital, Point72, Riot Ventures, Snowpoint Ventures and Valor Equity Partners, according to press releases.
Khosla Ventures, a venture capital firm, led a $310m Series B round in Mariana Minerals, a software-first, vertically integrated minerals company, with participation from Andreessen Horowitz, Breakthrough Energy Ventures, Greenoaks, Halo Fund, Pax Ventures, StepStone Group, BHP Ventures, Washington Harbour Partners, Greycroft, General Innovation Capital Partners, Mitsubishi Corporation, In-Q-Tel, and Earthshot Ventures, according to press releases.
Brookfield explores $5bn sale of NorthRiver Midstream. ( Reuters)
Brookfield Infrastructure is exploring a potential sale of NorthRiver Midstream in a transaction that could value the Canadian pipeline operator at about CAD7bn ($5bn).
The investment firm has begun sounding out potential buyers as part of a sale process for the natural gas-focused pipeline business.
Polymarket seeks more than $20bn valuation in funding round. ( Bloomberg)
Polymarket is seeking to raise about $1bn in a new funding round that would value the prediction-markets platform at more than $20bn. The fundraising comes just months after the company secured fresh backing from hedge fund D.E. Shaw.
Discussions with potential investors remain at an early stage, and the size, valuation and timing of the round could still change.
Hot Topic is said to near $350m sale to Spencer's parent. ( Bloomberg)
Sycamore Partners is in advanced discussions to sell teen apparel retailer Hot Topic to Spencer Spirit Holdings, ending its 13-year ownership of the business. The transaction could value Hot Topic at about $350m.
A deal could be announced as soon as August 11, although discussions remain ongoing and terms could still change.
Braveheart Bio seeks up to $319m in US IPO. ( Bloomberg)
Braveheart Bio is seeking to raise up to $318.8m through a US initial public offering to support the development of its cardiovascular disease treatments.
The a16z-backed company is offering 18.8m shares and could be valued at about $1.2bn at the top of the proposed price range.
Latigo Biotherapeutics is seeking to raise up to $288m in a US IPO. The Blue Owl Capital-backed biotech plans to offer 16m shares at between $16 and $18 each.
The clinical-stage company develops non-opioid treatments for acute and chronic pain, aiming to provide alternatives to traditional opioid-based therapies.
Westinghouse Electric files confidentially for IPO. ( WSJ)
Westinghouse Electric has confidentially filed for an initial public offering in the US as the nuclear technology company prepares for a potential public listing.
The Brookfield Asset Management- and Cameco-backed company has not yet disclosed the size or pricing of the proposed offering.
KKR has closed its latest global infrastructure fund, KKR Global Infrastructure Investors V (GIIF V), with $19.2bn in capital commitments. The fund attracted strong support from a diverse group of new and existing institutional investors, reinforcing continued demand for large-scale infrastructure strategies despite a challenging fundraising environment.
GIIF V will pursue investments across essential infrastructure sectors, including digital infrastructure, energy transition, power and utilities, transportation, and water and waste management. The firm expects the fund to capitalize on rising infrastructure investment needs and partner with businesses and governments to support the development and modernization of critical assets.
Adams Street Partners raises over $5bn for secondaries investment programme. ( Press Release)
Adams Street Partners has raised more than $5bn for its latest private equity secondaries investment programme, surpassing its $2bn target for Global Secondary Fund 8. The programme includes $2.7bn raised for the flagship fund and an additional $2.3bn through separately managed accounts, marking a significant increase from the firm's previous $3.2bn secondaries fundraising completed in 2023.
The fundraising reflects continued investor demand for secondaries strategies as liquidity needs remain elevated across private markets. Adams Street said the current environment presents attractive buying opportunities, driven by slower private equity exits, an increase in motivated sellers, and growing use of GP-led continuation vehicles. The firm expects to focus primarily on lower mid-market transactions across sectors including healthcare, software and consumer.
Lotus Infrastructure Partners raises approximately $1.8bn across multiple funds. ( Press Release)
Lotus Infrastructure Partners has completed final closings totaling about $1.8bn across Fund IV, future co-investments, and a single-asset continuation vehicle, marking the largest capital raise in the firm's history.
Fund IV will target investments in energy infrastructure, including power generation, transmission, battery storage, biofuels, ammonia, and methanol, as rising electricity demand from AI and industrial activity drives investment in the sector.
Gryphon Investors announces close of Gryphon VI Top-Up Co-Investment Partners with over $770m commitments. ( Press Release)
Gryphon Investors has closed its Gryphon VI Top-Up Co-Investment Partners fund with more than $770m in commitments, exceeding its $650m target in an oversubscribed fundraising.
The fund will invest alongside Gryphon's flagship Gryphon VI vehicle in lower middle-market companies across business services, consumer, healthcare, industrial growth, and technology, and has already participated in five investments.
Robinhood private company fund to back Y Combinator startups. ( Bloomberg)
Robinhood Markets has launched marketing for Robinhood Ventures Fund II, a publicly traded closed‑end fund focused on investments in private companies that have participated in Y Combinator accelerator programs.
The fund is offering 7.6m shares at $25 per share in its initial public offering, while affiliates of Robinhood are selling an additional 400k shares as part of the transaction.
Omers appoints Adam Buzanis to lead private equity funds. ( Bloomberg)
Omers has hired Adam Buzanis from CAAT Pension Plan as head of funds to lead the expansion of its external private equity funds strategy.
Buzanis will also help grow Omers' co-investment activities as the pension fund increases its focus on private equity fund investments.
EMEA
Charterhouse Capital Partners, a private equity firm, completed the acquisition of Animalcare Group, a UK‑based veterinary pharmaceuticals company, for £235.2m ($319m), according to press releases.
Macquarie Capital, an investment banking, advisory, and principal investing firm, agreed to invest in Chiron Energy, an Italian renewable developer. and form a joint venture to support the development, construction and operation of renewable power generation plants and energy storage systems in Italy, according to press releases. Financial terms were not disclosed.
Chiron Energy is advised by KPMG, UniCredit, PedersoliGattai, Barabino & Partners (led by Giovanni Vantaggi) and EOS Consulting. Macquarie Capital is advised by Rothschild & Co, Ashurst Perkins Coie and Consultancy Vector Renewables, according to MergerLinks data and press releases.
CPE, a Chinese alternative assets manager, agreed to acquire Mammut, a Swiss outdoor brand, from Jacobs Capital, a mid-market private equity investment firm, according to press releases. Financial terms were not disclosed.
CPE is advised by OC&C Strategy Consultants, Ernst & Young, Rothschild & Co and DLA Piper. Jacobs Capital is advised by LEK Consulting, Ernst & Young, Houlihan Lokey and Homburger (led by David Oser and Anna Peter), according to MergerLinks data and press releases.
CVC, a private equity investment firm, and Veritas Capital, a private-equity firm, offered to acquire Bodycote, a provider of heat treatment and specialist thermal processing services worldwide, for £1.6bn ($2.15bn), according to press releases.
Bodycote is advised by Barclays, Goldman Sachs, Herbert Smith Freehills Kramer and FTI Consulting, according to press releases.
Activa, an independent private equity company, and Montefiore Investment, a private equity firm, completed the acquisition of a majority stake in Arche MC2, a software publisher for the medico‑social sector, according to press releases. Financial terms were not disclosed.
ASSA ABLOY, a global access solutions company, agreed to acquire Gunnebo Entrance Control, a provider of entrance control solutions, from Altor and Stena-backed Gunnebo Group, a global security solutions company, according to press releases. Financial terms were not disclosed.
Gunnebo is advised by Evercore, according to MergerLinks data and press releases.
Partners Group, a Switzerland-based investment firm specializing in private equity, infrastructure, and real asset investments, agreed to acquire majority stake in Aroma-Zone, a manufacturer of do-it-yourself cosmetic products and ingredients intended for skin and body treatment, from Eurazeo, a France-based investment and private equity company, according to press releases. Financial terms were not disclosed.
Couche-Tard to acquire Zabka in $8.7bn deal. ( Reuters)
Alimentation Couche-Tard has agreed to acquire Polish convenience store operator Zabka for about $8.7bn in its largest-ever acquisition.
The Canadian retailer has secured support from shareholders including CVC Capital Partners and Partners Group, representing about 57% of Zabka's share capital.
EasyJet aligns Apollo and Castlelake deadlines as bidding war nears climax. (Reuters)
EasyJet has extended Castlelake’s deadline to submit a firm takeover offer to August 7, bringing it into line with Apollo Global Management’s existing deadline. Both bidders must either formalise their proposals or withdraw by the end of the week.
EasyJet backed Apollo’s £5.7bn ($7.68bn) proposal in July 2026 after it surpassed Castlelake’s earlier £5.5bn ($7.41bn) bid. The airline has provided due diligence access to both parties as the competing approaches enter their final stage.
Belgian-based Sereni clinches £200m takeover of UK’s third-largest funeral services group. ( Sky News)
Belgian funeral services provider Sereni is set to acquire Funeral Partners from Montagu Private Equity in a deal worth about £200m ($264m). The transaction is expected to be announced this week and would give Sereni a significant position in the UK market.
Funeral Partners operates more than 300 funeral homes and handles over 20k funerals annually. Sereni already has operations in Belgium, Germany and Poland, while Funeral Partners ranks behind only Co-op Funeralcare and Dignity in the UK.
Vanessa Gold agrees provisional sale of 25% West Ham stake to Staveley-led consortium. ( Press Release)
Vanessa Gold has reached a provisional agreement to sell her 25% stake in West Ham United to a consortium led by PCP Capital Partners’ Amanda Staveley and Mehrdad Ghodoussi, alongside Ashland Forest Capital Partners. The stake is reportedly valued at £150m ($202m).
The transaction remains subject to West Ham’s pre-emption process, which allows existing shareholders to acquire their proportional entitlement and then any remaining shares. The process is expected to take about two months, with the club’s ownership structure unchanged until it is completed.
Italy’s Nextalia raises €1.1bn for new private equity fund. ( Bloomberg)
Nextalia Investment Management has raised more than €1.1bn ($1.3bn) for its second private equity fund, targeting investment opportunities across Italy.
The fund completed its first close with approximately 200 investors and is expected to continue fundraising toward a target hard cap of €1.5bn by year-end.
CityFibre to raise £900m for acquisitions. ( Bloomberg)
CityFibre is set to raise £900m ($1.2bn) from existing shareholders to support acquisitions as the UK alternative fiber market consolidates.
The funding will be provided by investors including Goldman Sachs, Antin Infrastructure Partners, Mubadala Investment and Interogo Holding.
APAC
Bain Capital, a private investment firm, agreed to acquire Gong cha, a South Korea-based global bubble tea and beverage brand operator, from TA Associates, a private equity company, according to press releases. Financial terms were not disclosed.
Bain Capital is advised by Nomura. Gong Cha is advised by JP Morgan, North Point Mergers and Acquisitions and Hudson Sandler (led by Andy Richards), according to press releases.
Arlington Capital Partners-backed Highwater, a provider of naval maintenance, repair, and modernization services for defense and maritime customers, completed the acquisition of Taylor Bros, a marine engineering and industrial services company, according to press releases. Financial terms were not disclosed.
Arlington Capital Partners and Highwater were advised by MA Financial Group and Johnson Winter Slattery. Taylor Bros was advised by Equion Capital and Keypoint Law, according to press releases.
FleetPartners confirms receipt of non-binding indicative offer from SG Fleet. (ASX Announcement)
FleetPartners has received an unsolicited proposal from SG Fleet, supported by majority owner Pacific Equity Partners, to acquire all outstanding shares through a scheme of arrangement. The indicative offer of AUD3.6 ($2.52) per share values FleetPartners at approximately AUD778m ($544m).
The proposal remains non-binding and is conditional on due diligence, transaction documentation and regulatory approvals in Australia and New Zealand. FleetPartners’ board has appointed UBS and Herbert Smith Freehills Kramer as advisers, and has not asked shareholders to take any action.
IFC in talks to invest in India’s Datar Cancer Genetics. ( DealStreetAsia)
The International Finance Corporation is in early-stage talks to invest in Datar Cancer Genetics, an Indian oncology diagnostics company specialising in genetic testing, liquid biopsies and molecular diagnostics. Another healthcare-focused growth investor is also considering participating in the funding round.
Dhoot Transmission plans $325m India IPO. ( Bloomberg)
Dhoot Transmission is preparing to launch an initial public offering in India next month after completing investor roadshows.
The Bain Capital-controlled automotive components manufacturer is seeking to raise as much as INR31bn ($325m) through the offering.
KKR-backed Infinx Services said to weigh $300m India IPO. ( Bloomberg)
Infinx Services is considering an initial public offering in India that could raise up to $300m, joining a growing number of healthcare services companies seeking access to the country's public markets.
The KKR and Norwest Venture Partners-backed healthcare revenue cycle management provider has invited investment banks to pitch for roles on the proposed offering. The IPO is being considered for next year and remains at a preliminary stage.
Temasek, Morgan Stanley are said to eye Adtek pre-IPO investment. ( Bloomberg)
Shenzhen Adtek Technology is close to raising up to CNY2bn ($296m) in a private funding round ahead of its planned Hong Kong initial public offering.
Temasek, Morgan Stanley's private equity arm and CPE are expected to participate in the fundraising. Discussions remain ongoing, and the terms of the round could still change.
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