NexPhase completes the acquisition of Empower Community Care from Northlane Capital Partners.

Read on...

Scroll down to read deal descriptions. Your suggestions and comments support the democratisation of M&A data. If you'd like to contribute to the future editions, drop us a line.

AMERICAS

Man Group to acquire Bardin Hill.

Man Group, a global alternative investment management firm, agreed to acquire Bardin Hill, a US private credit manager, according to press releases. Financial terms were not disclosed.

Bardin Hill is advised by Houlihan Lokey, Herbert Smith Freehills Kramer (led by Damian Petrovic) and Schulte Roth & Zabel. Man Group is advised by Goldman Sachs and Willkie Farr & Gallagher (led by Laura Acker and Dave Boston), according to press releases and MergerLinks data.

KKR completes the investment in SupplyHouse.

KKR, a private equity firm, completed the investment in SupplyHouse, a pure-play e-commerce platform for the distribution of HVAC, plumbing, and electrical products, according to press releases. Financial terms were not disclosed.

SupplyHouse was advised by Evercore and Sidley Austin. KKR was advised by Robert W Baird and Kirkland & Ellis, according to press releases and MergerLinks data.

Unity Partners completes the acquisition of The Byng Group.

Unity Partners, a company specializing in people-based services and technology investments, completed the acquisition of Byng Group, a company focused on unit turnover services for multifamily and senior living properties, according to press releases. Financial terms were not disclosed.

Unity Partners was advised by PricewaterhouseCoopers, Kirkland & Ellis and Stanton PRM (led by Trevor Blaisdell), according to press releases.

Mascarene Partners to acquire Voyager Trucking.

Mascarene Partners, a company specializing in infrastructure investments in transportation and industrial businesses, agreed to acquire Voyager Trucking, a company focused on municipal waste transport and transfer station management, according to press releases. Financial terms were not disclosed.

Mascarene Partners was advised by McGuireWoods. Voyager Trucking was advised by Raymond James and Scudder Law Firm.

Arcline Investment-backed Fairbanks Morse completes the acquisition of the Naval Propulsors and Handling business of Rolls-Royce.

Arcline Investment-backed Fairbanks Morse, a premier naval engine supplier, completed the acquisition of the Naval Propulsors and Handling business of Rolls-Royce, an engineering group, according to press releases. Financial terms were not disclosed.

Fairbanks Morse was advised by Jefferies & Company and Mercom Communications (led by Michelle Hargis), according to press releases.

Nations Roof completes the acquisition of Preferred Roofing Services.

Nations Roof, a commercial roofing contractor operating nationally, completed the acquisition of Preferred Roofing Services, a commercial and industrial roofing provider, according to press releases. Financial terms were not disclosed.

Nations Roof was advised by DLA Piper, according to press releases.

Qualus completes the acquisition of ADM Associates.

Qualus, a company specializing in power infrastructure and energy transformation services, completed the acquisition of ADM Associates, a company focused on energy research and evaluation services, according to press releases. Financial terms were not disclosed.

Lyra Health completes the acquisition of Bend Health.

Lyra Health, a provider of employer-focused mental health solutions, completed the acquisition of Bend Health, a pediatric mental health specialist, according to press releases. Financial terms were not disclosed.

Cermaq Group to acquire the operations in Finnmark and Canada from Grieg Seafood for $990m.

Cermaq Group, a company specializing in global salmon farming, agreed to acquire the operations in Finnmark and Canada from Grieg Seafood, a company focused on sustainable Atlantic salmon production, for $990m, according to press releases.

Talos to acquire Coin Metrics.

Talos, a provider of institutional trading and portfolio technology for digital assets, agreed to acquire Coin Metrics, a provider of crypto financial intelligence, according to press releases. Financial terms were not disclosed.

Google Ventures and Kleiner Perkins led a $210m Series B round in OpenEvidence.

Google Ventures and Kleiner Perkins, two venture capital firms, led a $210m Series B round in OpenEvidence, a provider of AI-powered medical search and clinical decision support, with participation from Sequoia Capital, Coatue, Conviction, and Thrive, according to press releases.

Bitcoin Standard to go public via merger with Cantor-backed SPAC. (Reuters)

Bitcoin Standard Treasury Company plans to list on the Nasdaq through a merger with a special purpose acquisition company backed by Cantor Fitzgerald.

The announcement comes about four months after Cantor partnered with Tether and SoftBank on a $3.6bn crypto venture to acquire bitcoin.

EMEA

SES completes the acquisition of Intelsat for €2.8bn.

SES, a satellite operator with a fleet of more than 50 geostationary satellites, completed the acquisition of Intelsat, a company that operates a globalized network that delivers satellite broadband services, from Davidson Kempner Capital Management, a private equity firm, for €2.8bn ($3.3bn), according to press releases.

Intelsat was advised by Goldman Sachs (led by Clif Marriott), PJT Partners (led by Hugo Baring), 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 were advised by Latham & Watkins (led by Robert Katz). SES was advised by Deutsche Bank, Guggenheim Partners (led by Jim Millstein), Morgan Stanley (led by Marco Caggiano and Dominique Cahu), Arendt & Medernach, Corrs Chambers Westgarth (led by James Cameron), Freshfields Bruckhaus Deringer, Gibson Dunn & Crutcher (led by David Wilf), Hogan Lovells, Trilegal (led by Nikhil Narendran). Financial advisors were advised by Debevoise & Plimpton (led by Andrew Bab). Debt financing was provided by Deutsche Bank and Morgan Stanley. Davidson Kempner Capital Management was advised by Sullivan & Cromwell (led by Alison S. Ressler), according to press releases and MergerLinks data.

Allianz to acquire a minority stake in Yondr Group.

Allianz Capital Partners, the asset management arm of the Allianz Group, agreed to acquire a minority stake in Yondr Group, a global developer, owner, and operator of hyperscale data centres, according to press releases. Financial terms were not disclosed.

DigitalBridge is advised by Simpson Thacher & Bartlett (led by Gabriel Silva), according to press releases and MergerLinks data.

Coda to acquire Recharge.

Coda, a provider of out-of-app monetization and commerce solutions, agreed to acquire Recharge, a prepaid payments platform, according to press releases. Financial terms were not disclosed.

Recharge is advised by Jefferies & Company, according to press releases and MergerLinks data.

Henson Group to merge with myCloudDoor to form ALIANDO.

Henson Group, a company specializing in Microsoft cloud solutions, agreed to merge with myCloudDoor, a company focused on digital transformation and Azure cloud services, to form ALIANDO, a Microsoft Solutions Partner, according to press releases. Financial terms were not disclosed.

London-listed NCC explores sale of cybersecurity division. (Sky News)

NCC Group has launched a strategic review that may lead to the sale of its cybersecurity business, one of its two remaining divisions.

The London-listed technology firm has appointed Rothschild to assess options for the unit, including a potential divestment.

KKR considers potential acquisition of Italian healthcare tech firm GPI. (Reuters)

KKR is exploring a possible buyout of GPI, a healthcare technology company based in Trento, Italy, as it continues to evaluate acquisition opportunities during a period of market volatility.

The US investment firm has been in discussions with advisers in recent weeks about potentially taking GPI private. However, the talks remain preliminary and may not result in a deal.

KNDS explores IPO and stake sale as German shareholders look to reduce ownership. (Bloomberg)

The German family owners of European tankmaker KNDS are considering reducing their 50% stake through an initial public offering or partial sale, amid rising investor interest in the defense sector.

The shareholders, who control the Krauss-Maffei Wegmann side of KNDS. - formed through a merger with France’s Nexter - have informed the German government of their plans. As part of the process, Berlin is in the early stages of evaluating the purchase of a 25.1% blocking minority stake.

EU pushes back against Spain’s restrictions on BBVA’s €13bn Sabadell bid. (Bloomberg)

European Union regulators have issued a legal warning to the Spanish government over measures obstructing BBVA’s €13bn ($15bn) takeover offer for Banco Sabadell.

The European Commission argues that the conditions imposed on the deal breach EU single market rules, which guarantee the free movement of capital across the bloc, except in exceptional cases.

Italy’s market regulator considers pausing UniCredit’s Banco BPM bid. (Bloomberg)

Italy’s financial watchdog Consob is reviewing the potential suspension of UniCredit’s takeover offer for Banco BPM after a court questioned certain conditions imposed by the government on the deal.

Consob Chairman Paolo Savona confirmed the review is underway, raising the possibility of a further delay to the offer deadline, currently set for July 23.

OVO Energy to launch renewables arm to upgrade ageing wind farms. (Reuters)

UK-based OVO Energy plans to establish a new renewable energy division focused on modernising ageing onshore wind farms to extend their lifespan and increase output.

The new unit, OVO Renewables, will launch with an initial investment of several hundred million pounds. Its first phase could deliver up to 500 megawatts of capacity—enough to power approximately 400k homes across Britain.

APAC

Alimentation Couche-Tard fails to acquire Seven & i for $47bn.

Alimentation Couche-Tard, a company that operates a network of 24-hour convenience stores, failed to acquire Seven & i, an American-Japanese diversified retail holdings company, for $47bn, according to press releases.

Teneo to acquire Australia’s business restructuring services unit of PwC.

Teneo, a company specializing in global CEO advisory services, agreed to acquire Australia’s Business Restructuring Services unit of PwC, a British multinational professional services brand of firms, according to press releases. Financial terms were not disclosed.

WeWork India begins marketing $407m IPO ahead of August launch. (Bloomberg)

WeWork India has started marketing its initial public offering to raise up to INR35bn ($407m), with plans to launch the offering in August.

The IPO will involve the sale of up to 43.75m shares, according to a stock exchange filing.

EQT raises $11.4bn for new Asia-focused buyout fund. (Reuters)

Sweden’s EQT has secured $11.4bn in commitments for its latest Asia-focused buyout vehicle, with the fund expected to reach its $14.5bn hard cap by 2026.

The firm activated BPEA Private Equity Fund IX - managed by EQT Private Capital Asia - on March 1, 2025, and completed its first close in April, according to its latest half-year report.

Daily Review

Connect the World of Dealmakers