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AMERICAS

Mavis completes the acquisition of Pep Boys from Icahn Enterprises for $700m.

Mavis Tire Express Services, an independent tire and vehicle service providers, completed the acquisition of Pep Boys, a US automotive services company, from Icahn Enterprises, a diversified holding company, for $700m, according to press releases.

Mavis Tire Express Services was advised by Jefferies & Company, Bullard Law Group, Covington & Burling, and C Street Advisory. Icahn Enterprises was advised by Brown Rudnick, according to press releases and MergerLinks data.

Vireo Growth completes the acquisition of C21 Investments.

Vireo Growth, a medical marijuana growing, processing and dispensing company, completed the acquisition of C21 Investments, a vertically integrated cannabis company, according to press releases. Financial terms were not disclosed.

C21 Investments was advised by Needham & Co, Koffman Kalef and Dorsey & Whitney. Vireo Growth was advised by DLA Piper and Eversheds Sutherland, according to press releases.

Ipsen completes the acquisition of Kartos Therapeutics for $1.75bn.

Ipsen, a global biopharmaceutical company, completed the acquisition of Kartos Therapeutics, a privately held, clinical-stage biopharmaceutical company, for $1.75bn, according to press releases.

Kartos Therapeutics was advised by Goldman Sachs, PJT Partners and DLA Piper. Ipsen was advised by Orrick Herrington & Sutcliffe, according to press releases and MergerLinks data.

Werewolf Therapeutics to merge with Ambros Therapeutics.

Werewolf Therapeutics, an innovative biopharmaceutical company, agreed to merge with Ambros Therapeutics, a clinical-stage biotechnology company, according to press releases. Financial terms were not disclosed.

Werewolf Therapeutics is advised by Piper Sandler and Sidley Austin. Ambros Therapeutics is advised by Cooley and Argot Partners, according to MergerLinks data and press releases.

Stone Point Capital completes the acquisition of the risk management business from Ever.Ag.

Stone Point Capital, an alternative investment firm, completed the acquisition of the risk management business from Ever.Ag, an agri-food technology company, according to press releases. Financial terms were not disclosed.

Stone Point was advised by Sidley Austin and Prosek Partners. Ever.Ag was advised by William Blair & Co and Orrick Herrington & Sutcliffe, according to press releases.

T. Rowe Price to acquire F/m Investments from 1251 Capital Group.

T. Rowe Price, a US-based global asset management company, agreed to acquire F/m Investments, a fixed income investment advisory firm, from 1251 Capital Group, a financial services holding company, according to press releases. Financial terms were not disclosed.

F/m Investments is advised by Oppenheimer & Co and Fried Frank Harris Shriver & Jacobson. T. Rowe Price is advised by Dechert (led by Kenneth Young and Stephen Pratt), according to press releases.

NVIDIA completes the acquisition of a minority stake in Cloverleaf Infrastructure.

NVIDIA, a data center scale AI infrastructure company, completed the acquisition of a minority stake in Cloverleaf Infrastructure, a real estate developer, according to press releases. Financial terms were not disclosed.

Cloverleaf was advised by JP Morgan, Kirkland & Ellis and Joele Frank (led by Tom Crosson), according to MergerLinks data and press releases.

Trustar Bank to acquire Potomac and North Bethesda branches of Forbright Bank.

Trustar Bank, a Virginia chartered bank, agreed to acquire Potomac and North Bethesda branches of Forbright Bank, an FDIC-insured American bank, according to press releases. Financial terms were not disclosed.

Trustar Bank is advised by Troutman Pepper and RP Financial, according to press releases.

Eclipse led a $250m Series C round in Muon Space.

Eclipse, a venture capital firm, led a $250m Series C round in Muon Space, an American aerospace company, with participation from Galvanize, Google, Salesforce Ventures, Wellington Management, I Squared Capital, Woven Capital, Radical Ventures, Congruent Ventures, Costanoa Ventures, Activate Capital, ACME Capital, ArcTern Ventures and Overlap Holdings, according to press releases.

Muon Space was advised by Firm 19, according to press releases.

JP Morgan Chase, Andreessen Horowitz and Carlyle led a $1bn Series C round in Castelion.

JP Morgan Chase, a financial holding company, Andreessen Horowitz, a venture capital firm, and Carlyle, a private equity firm, led a $1bn Series C round in Castelion, a hypersonic defense contractor, with participation from Lightspeed Venture Partners, Lavrock Ventures, Altimeter, General Catalyst, Interlagos and T. Rowe Price Associates, according to press releases.

Manhattan West led a $250m Series A round in Starcloud.

Manhattan West, a Los Angeles investment firm, led a $250m Series A round in Starcloud, a company that designs, builds, and deploys data centers in space, with participation from Benchmark, EQT, Soma, NFX, 776, NVIDIA, Cisco Investments, Cedar Capital, Goanna Capital and Standard Capital, according to press releases.

Atlanta Falcons explore minority stake sale to KKR’s Arctos Partners. (Bloomberg)

The Atlanta Falcons are in talks to sell a 10% stake in the NFL franchise to KKR’s Arctos Partners.

If completed, the transaction would mark Arctos’ fourth investment in an NFL team, adding to its existing stakes in the Buffalo Bills, Los Angeles Chargers and Cleveland Browns.

Carlyle‑backed YipitData is pursuing a sale that could top $2.5bn. (Reuters)

YipitData, the Carlyle‑backed data analytics firm, is exploring a sale that could value the company at more than $2.5bn.

The potential transaction comes amid strong investor appetite for businesses with proprietary datasets — prized both for their ability to train AI models with differentiated insights and for the durable revenue streams that unique, hard‑to‑replicate data assets can generate even as AI reshapes broader technology usage.

Private‑equity owners explore exit from EverBank three years after acquisition. (WSJ)

Florida‑based EverBank has been put up for sale three years after a consortium of private‑equity firms acquired the online lender.

The bank — a sponsor of the Jacksonville Jaguars’ stadium and a brand partner of quarterback Trevor Lawrence — may pursue an IPO if a sale cannot be agreed. The process has dragged on for months.

Orion180 files for IPO, targeting growth in home and flood insurance. (Bloomberg)

Orion180 Insurance Group has filed for a US initial public offering as it seeks to expand its position in the fast‑growing specialty homeowners and flood insurance market.

The Florida‑based insurer reported $13m in net income on $80m in revenue for the first half of 2026, a sharp improvement from a $3m net loss on $50m in revenue during the same period last year.

Anthropic set to bring Citigroup into its lineup of top IPO banks. (Bloomberg)

Anthropic PBC is preparing to add Citigroup to the banks working on its planned initial public offering, as Wall Street firms compete for roles on the artificial‑intelligence company’s debut.

Citigroup would join Morgan Stanley, Goldman Sachs and JP Morgan among the lead advisers on the transaction. Anthropic is weighing a potential filing as early as the end of this month.

Sentinel Net Lease announced the final close of its Sentinel Opportunity Fund I. (Press Release)

Sentinel Net Lease announced the final close of Sentinel Opportunity Fund I, its first commingled investment vehicle, following the purchase of a diversified US portfolio of single‑tenant office, industrial, and retail assets.

At closing, the fund held 10 stabilized properties valued at roughly $101m and totaling more than 762k rentable square feet. The assets were fully leased, carried a 10.4‑year weighted average remaining lease term, and were projected to deliver 8.7 percent net distributions in 2026.

Crestline has raised $625m for its second European capital solutions fund. (Press Release)

Crestline Management has closed its European Capital Solutions Fund II with $625m in commitments — nearly 75% larger than its predecessor.

The fund attracted strong backing from existing Crestline clients as well as new global investors, including public and private pension plans, insurers, sovereign wealth funds, and other institutional allocators.

JP Morgan is bringing on Bank of America’s David Fishman to lead its technology M&A group. (Reuters)

JP Morgan Chase is hiring veteran dealmaker David Fishman from Bank of America to help build a newly created investment‑banking group focused on key technology clients.

Fishman is expected to join later this year as head of North America technology M&A, signed by technology investment‑banking co‑heads Chris Grose and Greg Mendelson, along with global M&A head Charlie Bouckaert.

Eric Trump‑backed Space‑Eyes plans to add a former Delta Force officer and a former banker to its team. (Reuters)

Space‑Eyes, a drone technology company backed by Eric Trump, said it will add a former Delta Force officer, a former investment‑banking chief, and two additional members to its post‑merger board as it prepares to go public.

The company announced last month that it plans to list in the fourth quarter through a merger with McKinley Acquisition Corp., a special‑purpose acquisition vehicle.

EMEA

BMPS to acquire Banco BPM and Banca Generali in a €34bn deal.

Banca Monte dei Paschi di Siena, the world's oldest bank, offered to acquire Banco BPM and Banca Generali, two Italian banks, in a €34bn ($39.7bn) deal, valued at €25.31bn ($29.6bn) and €8.72bn ($10.2bn), respectively, according to press releases.

BMPS is advised by Bank of America, UBS, BonelliErede and White & Case, according to press releases.

Holcim to acquire Fermacell from James Hardie Industries for €840m.

Holcim, a partner for sustainable construction, agreed to acquire Fermacell, a provider of sustainable walling and flooring solutions, from James Hardie Industries, a provider of exterior home and outdoor living solution, for €840m ($982m), according to press releases.

Holcim is advised by UBS. James Hardie is advised by Goldman Sachs, DLA Piper and Joele Frank (led by Ed Trissel), according to MergerLinks data and press releases.

VTC completes the acquisition of Silbitz from Deutsche Beteiligungs.

VTC, an independent investment firm, completed the acquisition of Silbitz, a foundry group producing complex cast components for industrial applications, from Deutsche Beteiligungs, a German investment company, according to press releases. Financial terms were not disclosed.

DBAG was advised by Barclays, according to MergerLinks data.

RedBird Capital pitches investment in Prem Rugby. (Sky News)

RedBird Capital Partners, the sports and media investment firm that owns AC Milan, has begun exploring a potential deal to become a major financial backer of English professional rugby.

RedBird is in early discussions with stakeholders including CVC Capital Partners, the majority owner of Global Sport Group, which holds the largest share in Premiership Rugby.

NHS patient‑data firms Arcturis and Akrivia agree £140m merger. (Sky News)

Arcturis Data and Akrivia Health — two major suppliers of NHS patient data to the pharmaceuticals industry — have agreed to merge in a £140m ($191m) deal aimed at giving them greater scale as they compete with US‑based Palantir Technologies.

The two Oxford‑based companies have reached an agreement to combine.

Waterland and Giacom plot £1bn carve‑up of telecoms group Gamma. (Sky News)

Waterland is in talks to acquire Gamma Communications and carve up the London‑listed telecoms group, with a plan to sell a substantial portion of the business to Giacom, the telecoms services company chaired by Matthew Riley and backed by private equity firm Inflexion.

Aldermore auction intensifies as CVC moves into the process. (Sky News)

The contest to acquire Aldermore is set to intensify next month, with private equity firms — including CVC Capital Partners — preparing to submit offers for the South African‑owned challenger bank caught up in the motor‑finance mis‑selling scandal.

CVC, which holds stakes in the RAC and Six Nations Rugby, has been laying the groundwork for a bid for several months.

Poundland owner taps A&M to advise on sale process for discount retailer. (Sky News)

Poundland’s owner has appointed advisers to oversee a sale of the discount retailer little more than a year after its last change of ownership.

Gordon Brothers, the retail investor behind LK Bennett and Radley, has hired Alvarez & Marsal to run an auction for the roughly 600‑store chain.

BlackSun gathers $1bn to launch its latest sports and media investment fund. (Bloomberg)

BlackSun has secured $1bn for its first investment vehicle, Mega Fund I, as it works toward a $7bn target to deploy across sports, media, entertainment and technology.

Nery Gomez, the firm’s founder and chief operating officer, confirmed the fundraising progress. BlackSun has also appointed Greenstone Equity Partners as its global placement agent, tapping the firm’s network of investors across Saudi Arabia, Kuwait, Oman, Qatar and the United Arab Emirates.

Nscale said to pursue up to a $3bn valuation in planned US IPO. (Bloomberg)

Nscale is aiming to raise as much as $3bn in its planned US initial public offering, joining a wave of AI‑focused data‑center companies turning to public markets.

The London‑based firm is preparing for an IPO that could come as early as September and is working with Goldman Sachs and JP Morgan on the deal.

APAC

Advent to acquire a majority stake in NZCR Group from Waterman Capital.

Advent, a private equity firm, agreed to acquire a majority stake in NZCR Group, a clinical trials and medical research organisation, from Waterman Capital, a private company investor, according to press releases. Financial terms were not disclosed.

Advent is advised by Teneo, according to press releases.

Sefas Group to acquire the fuel retail business in Indonesia of Shell.

Sefas Group, a lubricant distributor, agreed to acquire the fuel retail business in Indonesia of Shell, an oil and chemical group, according to press releases. Financial terms were not disclosed.

Sefas Group is advised by Edelman, according to press releases.

India will give Canada’s Fairfax a two‑year window to consolidate its holdings as part of the proposed IDBI Bank transaction. (Reuters)

Canada’s Fairfax Financial, the leading contender to buy the government’s stake in IDBI Bank, is expected to receive up to two years to consolidate its India banking interests ahead of the acquisition.

The long‑pending sale of a majority stake in IDBI Bank — held jointly by the federal government and Life Insurance Corp of India — is now nearing completion.

Nvidia in talks with chip startup Rebellions on a potential tie‑up. (Bloomberg)

Nvidia is in early talks with Korean AI‑chip maker Rebellions about potential collaboration options — ranging from a technical partnership to an investment or even a possible acquisition.

Nvidia CEO Jensen Huang met with Rebellions co‑founder and CEO Sunghyun Park at Nvidia’s Santa Clara headquarters this week. The meeting comes as Huang continues an expansive investment push aimed at reinforcing Nvidia’s position at the center of the artificial‑intelligence industry.

BGH Capital submits takeover proposal. (Press Release)

EQT Holdings Limited says it has received an unsolicited, indicative and non‑binding takeover proposal from BGH Capital, which is seeking to acquire 100% of EQT’s outstanding shares via a scheme of arrangement at an indicative price of AUD24.75 ($17.74) per share in cash, adjusted for any dividends declared or paid.

Alibaba‑backed Dexmal seeks a $3bn valuation in new funding round. (Bloomberg)

Chinese robotics startup Dexmal is pursuing a valuation of roughly CNY20bn ($3bn) in its current funding round, reflecting strong investor appetite for companies pushing advancements in physical artificial intelligence.

The discussions remain underway and follow an earlier round that included Chinese AI lab Z.AI (Zhipu), founder Tang Wenbin told Bloomberg News during the World Robot Conference in Beijing. Dexmal said the new raise comes after late‑2025 funding led by Alibaba Group and NIO Capital.

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