New Mountain Capital-backed Grant Thornton Advisors to acquire CBIZ in a $5bn deal.

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AMERICAS

Zijin Gold terminates the acquisition of Allied Gold for CAD5.5bn.

Zijin Gold, a mining company, terminated the acquisition of Allied Gold, a mining and metals company, from BlackRock, an American global investment management corporation, and Helikon Investments, an investment manager, for CAD5.5bn ($3.9bn), according to press releases.

Zijin Gold was advised by RBC Capital Markets and Fasken (led by Bradley A. Freelan). Allied Gold was advised by Moelis & Co (led by Douglas Pierson, Jeremy Lane and Jay Finney), Scotiabank, Cassels Brock & Blackwell and Paul Weiss Rifking Wharton & Garrison (led by Christian G. Kurtz and Adam M. Givertz), according to press releases and MergerLinks data.

SoftVest-backed Permian Basin Royalty Trust to merge with the US Land Guild from Blackbeard for $2.2bn.

SoftVest-backed Permian Basin Royalty Trust, an oil and natural gas royalty trust, agreed to merge with certain oil and natural gas mineral interests and land operations from Blackbeard, an energy investment and holding company, for $2.2bn, according to press releases.

Blackbeard is advised by JP Morgan, RBC Capital Markets and Vinson & Elkins (led by Thomas Zentner). SoftVest is advised by Stephens, Paul Hastings and D.F. King & Co (led by Krystal Scrudato), according to MergerLinks data and press releases.

Leonardo DRS to acquire Raft for $450m.

Leonardo DRS, a defense contractor, agreed to acquire Raft, an open-architecture mission software provider, for $450m, according to press releases.

Raft is advised by JP Morgan and Greenberg Traurig. Leonardo DRS is advised by Morgan Stanley, Kilpatrick Townsend, Kirkland & Ellis and Sullivan & Cromwell, according to MergerLinks data and press releases.

TA Associates to invest in Oxane Partners.

TA Associates, a private equity company, agreed to invest in Oxane Partners, a financial technology and software provider offering digital platforms for private credit markets, investment banks, and asset managers, according to press releases. Financial terms were not disclosed.

TA Associates Management is advised by Houlihan Lokey and Goodwin. Oxane Partners is advised by Avendus, Jefferies & Company, Latham & Watkins and Trilegal, according to press releases.

Providence Equity Partners to invest in THE•TEAM.

Providence Equity Partners, a private equity investment firm, agreed to invest in THE•TEAM, a US-based multinational sports marketing, talent management, and entertainment organization, according to press releases. Financial terms were not disclosed.

Providence Equity Partners is advised by JP Morgan and Kirkland & Ellis. THE•TEAM is advised by Moelis & Co. Casey Wasserman is advised by BDT & MSD Partners. THE•TEAM and Casey Wasserman are also advised by Sullivan & Cromwell, according to press releases.

Tiptree to acquire Universal Shield Insurance Group for $100m.

Tiptree, a specialty insurance holding company, agreed to acquire Universal Shield Insurance Group, a specialty property & casualty insurer, for $100m, according to press releases.

USIG is advised by Raymond James and Squire Patton Boggs. Tiptree is advised by Fenchurch Advisory Partners and Sidley Austin, according to press releases.

Xylem to acquire WaterFleet from EagleTree Capital for $200m.

Xylem, a global water technology company, agreed to acquire WaterFleet, a provider of mobile water and wastewater utility services and workforce relief solutions, from EagleTree Capital, a private equity firm, for $200m, according to press releases.

WaterFleet was advised by Jones Day. EagleTree Capital is advised by FGS Global (led by Shannon O'Connor), according to press releases.

Bloomberg to acquire Canoe Intelligence.

Bloomberg, a financial, software, data, and media company, agreed to acquire Canoe Intelligence, a developer of data management software designed to streamline investment document management and data extraction, according to press releases. Financial terms were not disclosed.

Canoe Intelligence is advised by Jefferies & Co and Cooley, according to press releases.

Caldera Therapeutics to merge with Synlogic.

Caldera Therapeutics, a clinical-stage company developing a potential first-in-class bispecific antibody for the treatment of inflammatory bowel disease and other immune-mediated diseases, agreed to merge with Synlogic, a company advancing therapeutics based on synthetic biology, according to press releases.

Caldera Therapeutics is advised by LA Communications (led by Lauren Arnold) and Fenwick & West, according to press releases.

Bain Capital and Tillman Global to invest $1.5bn in Eaton Fiber.

Bain Capital, a private investment firm, and Tillman Global, an essential digital and energy infrastructure company, agreed to invest $1.5bn in Eaton Fiber, a provider of wholesale network infrastructure that enables communications providers to expand broadband availability and deliver next-generation connectivity, according to press releases.

Koch said to mull $15bn sale of data-center firm Edged. (Bloomberg)

Koch is exploring the sale of Edged, the data centre developer it co-founded, in a deal that could value the business at more than $15bn. Koch Real Estate Investments is working with Goldman Sachs and Newmark to evaluate interest, with multiple bids already received.

The process is ongoing, and no final decision has been made. Discussions remain subject to change, and a transaction is not guaranteed.

PE firm Unloads mental health chain into Muni bond market. (Bloomberg)

Clearview Capital is exploring the sale of Advantage Behavioral Health, a New Jersey-based operator of mental health centres and sober-living homes, through a transaction financed with municipal bonds.

The private equity firm recapitalised the business alongside its founders and management in 2025. Discussions are ongoing, and a transaction is not guaranteed.

Radoff-JEC Group submits further improved proposal to acquire Seer. (Press Release)

Bradley Radoff and Michael Torok, who collectively own about 7.7% of Seer, have submitted an improved non-binding proposal to acquire the company for $2.55 per share in cash plus a contingent value right. The offer represents their fourth bid and values shareholders' potential consideration through both an upfront payment and proceeds from future asset sales.

The proposal is subject to limited due diligence and remains open until August 10. The investors stated the bid is not subject to financing and urged Seer's special committee to engage in negotiations.

E-commerce platform GrubMarket files confidentially for IPO. (Bloomberg)

GrubMarket has confidentially filed for a US initial public offering, marking the latest step toward a public listing after completing a series of acquisitions over the past year.

The company has not yet determined the number of shares to be offered or the price range for the IPO.

US-based cybersecurity firm AlgoSec is said to mull a London IPO. (Bloomberg)

AlgoSec is considering an initial public offering in London and is working with advisers, including Barclays, on a potential listing.

The deliberations remain at an early stage, and no final decision has been made on proceeding with the IPO.

Farm-Belt Senate candidates target ag giants in populist turn. (Bloomberg)

Democratic candidates in Iowa and Nebraska are targeting growing farmer dissatisfaction with large agricultural companies, as higher tariffs and the economic impact of the US conflict with Iran increase pressure on the sector ahead of the midterm elections.

The strategy aims to erode Republican support among a traditionally loyal voting bloc in two competitive Senate races that could help determine control of the chamber.

EMEA

Branford Castle Partners-backed Lafayette Instrument completes the acquisition of Avisoft Bioacoustics.

Branford Castle Partners-backed Lafayette Instrument, a manufacturer of scientific instrumentation and data acquisition equipment, completed the acquisition of Avisoft Bioacoustics, a scientific technology company providing specialised hardware and software, according to press releases. Financial terms were not disclosed.

Lafayette Instrument is advised by RSM International, Vedder Price and Llorente y Cuenca (led by Christina Maldonado). Avisoft Bioacoustics is advised by Loy & Co Corporate Finance, according to MergerLinks data and press releases.

Forgepoint Capital International, BNPP SIVF and Bullhound Capital led a €500m Series C round in Multiverse Computing

Forgepoint Capital International, a cybersecurity venture fund, BNPP SIVF, BNP Paribas Asset Management's climate tech venture capital fund, and Bullhound Capital, the venture capital arm of GP Bullhound, led a €500m ($570m) Series C round in Multiverse Computing, a software company that innovates quantum-based solutions for size compression of AI software, with participation from Santander Alternative Investments, Tikehau Capital, HP, Orange Ventures, Scania Invest, NAventures, Qatar Development Bank, Zouk Capital, SETT, EIC Fund, Gestión de Capital Riesgo de Euskadi - Grupo Spri, and Kutxa Fundazioa, according to press releases.

Multiverse Computing was advised by Santander, JP Morgan, Ballou and LaunchSquad, according to press releases.

Azimut to acquire Yapı Kredi Portföy Yönetimi from Yapı Kredi for $425m.

Azimut, an independent financial company, agreed to acquire Yapı Kredi Portföy Yönetimi, a Türkiye asset manager, from Yapı Kredi, a commercial and retail bank, for $425m, according to press releases.

Yapı Kredi is advised by JP Morgan and ASC Hukuk. Azimut is advised by Citigroup and Paksoy, according to MergerLinks data and press releases.

Apax Partners to acquire Centor and the primary packaging plastics business of Gerresheimer for €1.5bn.

Apax Partners, a global private equity advisory firm, agreed to acquire Centor, a manufacturer of pharmaceutical packaging products and regulatory-compliant prescription containers, and the primary packaging plastics business of Gerresheimer, a global German manufacturing company specializing in pharmaceutical packaging and drug delivery systems, for €1.5bn ($1.7bn), according to press releases.

Gerresheimer is advised by Latham & Watkins, Morgan Stanley, and Commerzbank, according to press releases.

Behrman Capital-backed Micross Components to acquire Capiton-backed AEMtec.

Behrman Capital-backed Micross Components, a global provider of mission-critical microelectronic components, agreed to acquire Capiton-backed AEMtec, a European provider of engineering and electronic manufacturing services specialising in complex micro- and optoelectronic modules and systems, according to press releases. Financial terms were not disclosed.

Micross Components is advised by Harris Williams & Co and Goodwin. Behrman Capital is advised by Kekst CNC (led by Ross Lovern), according to press releases.

Liverpool FC suitors want to become majority owners of club. (Bloomberg)

A consortium led by Amit Bhatia is in discussions to acquire up to a 30% stake in Liverpool FC from Fenway Sports Group, with the transaction valuing the Premier League club at up to $6bn.

The investors are also considering a path to eventually acquire a controlling stake, potentially through additional share purchases over time. Discussions remain ongoing, and no agreement has been reached.

Schneider Electric in talks to buy smart device maker Shelly. (Bloomberg)

Schneider Electric is in discussions to acquire Bulgaria-based smart home device maker Shelly Group in a deal valuing the company at about €1.3bn ($1.49bn). The French industrial technology group is negotiating an offer of around €70 ($79.6) per share, including stakes held by the founding shareholders.

Discussions are ongoing, and no agreement has been reached. The transaction remains subject to change.

Next and Frasers to lodge Harvey Nichols takeover bids. (Sky News)

Frasers Group and Next are preparing to submit bids for British department store chain Harvey Nichols, as owner Dickson Poon advances a sale process that is also attracting interest from international buyers including Chalhoub Group and Reliance Retail.

Bidders have been told to commit up to £60m ($80m) to fund the retailer's turnaround. A preferred buyer is expected to be selected within days, although no agreement has been reached.

Frasers Group takes a position in UK luxury brand Burberry. (Bloomberg)

Frasers Group has built a potential 4.2% stake in Burberry through the sale of put options, positioning the British retailer to become one of the luxury brand's 10 largest shareholders if the options are exercised.

The investment marks another strategic bet by billionaire Mike Ashley's retail group on a rival UK retailer.

APAC

Vantage is said to mull a $2bn data center sale in Malaysia. (Bloomberg)

DigitalBridge-backed Vantage Data Centers is exploring the sale of its Malaysian assets in a deal that could value the portfolio at more than $2bn. The company is working with a financial adviser on the potential divestment.

The process is ongoing, and no final decision has been made. Discussions remain subject to change, and a transaction is not guaranteed.

Australia's Perpetual says EQT's $1.78bn bid not in best interests of shareholders. (Press Release)

Perpetual has rejected EQT's latest takeover proposal, stating the revised offer of $1.78bn, or $15.7 per share, is not in shareholders' best interests. The Australian wealth manager will, however, grant the Swedish buyout firm limited due diligence access as it considers a potential improved bid.

EQT has raised its offer three times as it pursues Perpetual, with the latest proposal representing a 19% premium to the company's closing share price before the bid.

CVC is said to consider sale of Chinese pharmacy chain Yikang. (Bloomberg)

CVC Capital Partners is exploring the sale of Chinese retail pharmacy chain Xi'an Yikang Pharmaceutical in a deal that could value the business at $500m-$600m. The private equity firm is working with an adviser to evaluate strategic options.

The process is ongoing, and no final decision has been made. Discussions remain subject to change, and a transaction is not guaranteed.

Sixth Street, SK Telecom, and GIC are said to vie for Bain's Bridge. (Bloomberg)

Sixth Street Partners, SK Telecom, GIC and La Caisse are among bidders for a significant stake in Southeast Asia's Bridge Data Centres, the data centre operator owned by Bain Capital.

The sale process is ongoing, with multiple investors competing for the asset. Deliberations remain private, and no agreement has been reached.

Nvidia partner Quanta seeks up to $2.2bn from offering. (Bloomberg)

Quanta Computer is seeking to raise up to $2.19bn through a global depositary share offering, in what could become Taiwan's largest share sale in 19 years. The Nvidia partner is offering 49m securities at $43.91 to $44.77 each.

The offering is priced at a 6% to 7.8% discount to Quanta's latest closing share price in Taipei.

Moonshot Al surpasses funding goal to hit $35bn value. (Bloomberg)

Moonshot AI has raised $3.5bn in a funding round that values the Chinese artificial intelligence startup at $35bn, exceeding its initial fundraising target. The National Artificial Intelligence Industry Investment Fund was among the lead investors.

The company is already preparing another funding round at a $50bn pre-money valuation ahead of a potential Hong Kong IPO as soon as 2026.

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