PAI Partners and Fondo Italiano d’Investimento to acquire Mecaer Aviation Group.

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AMERICAS

Bayer to acquire Perfuse Therapeutics for $2.45bn.

Bayer, a German multinational pharmaceutical and life sciences company, agreed to acquire Perfuse Therapeutics, a biopharmaceutical company pioneering research into the treatment of ischemia-induced ocular diseases, for $2.45bn, according to press releases.

Bayer is advised by Bank of America and Baker McKenzie (led by Alan F.
Zoccolillo). Perfuse Therapeutics is advised by Centerview Partners and Goodwin Procter, according to press releases and MergerLinks data.

William Blair to acquire Inner Circle Sports.

William Blair, a provider of a range of financial services, including investment banking, asset management, equity research, and private wealth management, agreed to acquire Inner Circle Sports, an industry-focused boutique investment bank, according to press releases. Financial terms were not disclosed.

Inner Circle Sports is advised by Solomon Partners and Willkie Farr & Gallagher (led by Esther Chang and Edward Best). William Blair is advised by Winston & Strawn, according to press releases and MergerLinks data.

Optro completes the acquisition of Midship.

Optro, a provider of a SaaS platform that helps companies simplify their internal audit, risk management, and compliance processes, completed the acquisition of Midship, an AI-native platform designed to automate SOX compliance testing and internal audit workflows, according to press releases. Financial terms were not disclosed.

Optro was advised by Sheppard Mullin Richter & Hampton. Midship was advised by Kirkland & Ellis, according to press releases.

Lumen Technologies to acquire Alkira for $475m.

Lumen Technologies, an American telecommunications company that offers communications and network services, agreed to acquire Alkira, a cloud-native Network Infrastructure-as-a-Service platform, for $475m, according to press releases.

Lumen Technologies is advised by Morgan Stanley and Latham & Watkins, according to press releases and MergerLinks data.

Pye-Barker Fire & Safety completes the acquisition of APS Corporation.

Pye-Barker Fire & Safety, a fully integrated and full-service fire protection, life safety and security services provider, completed the acquisition of APS Corporation, a provider of design, installation, monitoring, and maintenance of security and fire alarm systems, according to press releases. Financial terms were not disclosed.

Pye-Barker Fire & Safety was advised by Nelson Mullins Riley & Scarborough and Full Tilt Consulting, according to press releases.

Colorado Premium completes the acquisition of Old Hickory Smokehouse.

Colorado Premium, a value-added manufacturer of beef, chicken, and other proteins in sous vide, portioned, marinated, and ground formats, completed the acquisition of Old Hickory Smokehouse, a premier manufacturer of authentically smoked, rotisserie, and prepared foods, according to press releases. Financial terms were not disclosed.

Colorado Premium was advised by Gasthalter & Co (led by Mark Semer), according to press releases.

Snowpoint Ventures and Franklin Templeton led a $300m Series E round in Astranis.

Snowpoint Ventures, a venture capital firm, and Franklin Templeton, an asset management firm, led a $300m Series E round in Astranis, a satellite technology company that builds and operates small, low-cost, geostationary communications satellites, with participation from Andreessen Horowitz, BlackRock, Baillie Gifford, Fidelity Management & Research Company, BAM Elevate, Nimble Partners, and Friends & Family Capital, according to press releases.

LLR Partners completes the investment in FastSpring.

LLR Partners, a lower middle-market private equity firm, completed the investment in FastSpring, an all-in-one digital commerce platform for AI, gaming, SaaS, software and digital product companies, according to press releases. Financial terms were not disclosed.

Blue Owl's Stack to consider $30bn sale of Asia operations. (Bloomberg)

Stack Infrastructure, a Denver-based data center company owned by Blue Owl Capital, is evaluating strategic options for its Asia operations, including a potential sale. The assets under review are located in Australia, Japan and Malaysia.

The company has held discussions with prospective advisers regarding a partial or full divestment of these businesses. A transaction involving the Asia portfolio could be valued at more than $30bn.

James Murdoch makes $300m offer for New York Magazine, podcasts. (Bloomberg)

James Murdoch is in advanced discussions to acquire New York magazine and a portfolio of podcasts from Vox Media.

The proposal values the assets at approximately $300m, although no agreement has been reached and the final transaction value has not been determined.

Keyera shares plunge as regulator challenges Plains gas deal. (Bloomberg)

Keyera’s shares fell sharply after regulators announced plans to challenge the company’s proposed acquisition of Plains All American Pipeline’s Canadian natural gas liquids business.

Canada’s Competition Bureau said the transaction is likely to harm competition at the Fort Saskatchewan, Alberta hub for natural gas liquids processing and storage. The deal would leave Keyera and Pembina Pipeline as the only operators in the area.

W Hotel Aspen owner eyes sale in ski resort where deals are rare. (Bloomberg)

Northridge Capital is seeking a buyer for the W Hotel Aspen, marking what would be the first sale of a slopeside resort in the Colorado resort town since 2010.

The firm is seeking a valuation of up to $175m for the 88‑room property, according to Chief Executive Officer David Jackson. At roughly $2m per room, the pricing would be at the high end of recent US hotel transactions.

Canada approves EQB takeover of Loblaw’s mass-market banking arm. (Bloomberg)

EQB has received government approval for its acquisition of the mass‑market banking arm of Loblaw and said the transaction is expected to close this summer.

Approval from Canada’s finance minister, following a recommendation from the banking regulator, marks the final step in the regulatory review process. The deal to acquire PC Financial, which was announced in December 2025, had already received clearance from the competition authority.

BGO buys Toronto Tower as city’s office market begins to thaw. (Bloomberg)

Real estate investment firm BGO has agreed to acquire a downtown Toronto office property, marking a return to the market after several years.

The firm is purchasing 95 Wellington Street West, a renovated office building near Union Station in Toronto’s financial district. The acquisition represents a re‑entry into the city’s core office market for BGO’s flagship investment strategy.

Goldman Sachs taps Feldgoise, Schiffrin to join bank’s top ranks. (Bloomberg)

Goldman Sachs said Stephan Feldgoise and Joshua Schiffrin will join the firm’s management committee, strengthening its senior decision‑making body.

Schiffrin will also assume the role of global head of risk for the global banking and markets division, while Feldgoise continues to lead the firm’s global mergers and acquisitions business.

EMEA

Pacific Avenue Capital Partners to acquire ESE World from Amcor.

Pacific Avenue Capital Partners, a private equity firm focused on corporate divestitures, agreed to acquire ESE World, an European plastic and steel waste container manufacturer and a provider of associated waste management services, from Amcor, a producer of consumer packaging and dispensing solutions, according to press releases. Financial terms were not disclosed.

Pacific Avenue Capital Partners is advised by Accuracy, PwC and Willkie Farr & Gallagher (led by Hugo Nocerino). Amcor is advised by Greenhill & Co and Latham & Watkins, according to press releases and MergerLinks data.

ADNOC Drilling completes the acquisition of 80% stake in MB Petroleum Services for $204m.

ADNOC Drilling, a drilling company in the Middle East, completed the acquisition of an 80% stake in MB Petroleum Services, a drilling and oilfield services provider, for $204m, according to press releases.

MB Petroleum Services was advised by Houlihan Lokey. ADNOC Drilling was advised by Morgan Stanley and Clifford Chance (led by Daud Khan), according to press releases and MergerLinks data.

Fresenius and SAP complete the investment in Avelios Medical.

Fresenius, a German healthcare company, and SAP, Germany‑based multinational software company, completed the investment in Avelios Medical, a provider of a modular and data-driven hospital platform, according to press releases. Financial terms were not disclosed.

Fresenius was advsied by Freshfields (led by Lars Meyer and Laura Fruhauf), according to press releases and MergerLinks data.

Venrock Healthcare Capital Partners led a $220m Series D round in CellCentric.

Venrock Healthcare Capital Partners, a fund dedicated to investing in healthcare companies, led a $220m Series D round in CellCentric, a biotechnology company developing treatments for multiple myeloma and other cancers, according to press releases.

CellCentric is advised by 1AB, according to press releases.

EDP weighs sale of US unit focused on small-scale solar power. (Bloomberg)

EDP Renováveis is exploring the sale of its US distributed-generation business. The company is among Europe’s largest renewable energy developers.

The platform comprises around 500MW of operational or under-construction assets, as well as a development pipeline of approximately 1GW, including a sizeable safe-harbor portfolio.

Nigeria’s Access Bank to sell down foreign units after Central Bank order. (Bloomberg)

Access Holdings plans to reduce its equity stakes in some of its foreign subsidiaries to comply with new Central Bank of Nigeria rules limiting external investments by local banks. The Nigerian lender operates in at least 24 countries.

Under the regulations, banks are required to cap equity investments in foreign subsidiaries at no more than 10% of total shareholders’ funds. Access Holdings has 12 months to comply with the requirement, according to comments made by Roosevelt Ogbonna, chief executive of the group’s banking unit, during an investor call in Lagos.

UK's Capricorn Energy says deadline for takeover offer from Saudi's Cafani unit extended. (Reuters)

The UK Takeover Panel has extended the deadline for Alamadiyaf al‑Masiyyah, an investment vehicle affiliated with the Cafani Group, to decide whether it will make a formal offer for Capricorn Energy.

Capricorn Energy said the revised timetable gives the potential bidder additional time to determine whether to proceed with a takeover proposal.

Zalando posts higher quarterly growth on AI-driven efficiency gains. (Reuters)

Zalando reported stronger quarterly growth, citing investments in artificial intelligence that have improved operational efficiency. The European online fashion retailer said performance accelerated in the first quarter.

Gross merchandise volume rose 21.7% year on year to €4.3bn ($5bn) in the quarter, compared with €3.5bn ($4bn) a year earlier.

APAC

Alter Domus to acquire MSC Group.

Alter Domus, a global provider of tech-enabled fund and corporate services for the alternative investment industry, agreed to acquire MSC Group, a professional trustee, custody, financial intermediary and fund administration services provider, according to press releases. Financial terms were not disclosed.

MSC Group is advised by Ankura Consulting and HWL Ebsworth. Alter Domus is advised by Gilbert + Tobin (led by Beth Cameron) and KPMG, according to press releases and MergerLinks data.

IFM Investors failed to acquire the remaining 65.52% stake in Atlas Arteria from Lazard Asset Management, BlackRock, and State Street for AUD4.5bn.

FM Investors, an investment manager, failed to acquire the remaining 65.52% stake in Atlas Arteria, an international toll road owner and operator, from Lazard Asset Management, BlackRock, and State Street, the investment firms, for AUD4.5bn ($3.22bn)

Sun Pharma explores funding mix for $12bn Organon deal. (Bloomberg)

Global lenders to Sun Pharmaceutical Industries are evaluating financing options for the Indian drugmaker’s proposed $12bn acquisition of New York-listed healthcare company Organon.

Sun Pharma is considering seeking consent from Organon bondholders to exchange their holdings for Sun Pharma debt. In parallel, the company is exploring a potential euro-denominated bond that could carry a credit rating one to two notches higher than the rating assigned to Organon prior to the proposed transaction.

China’s chip fund in talks to lead DeepSeek funding. (Bloomberg)

China’s main chip-sector investment vehicle is in discussions to lead a fundraising round for artificial intelligence company DeepSeek at a valuation of about $45bn.

The China Integrated Circuit Industry Investment Fund, also known as the Big Fund, is seeking to anchor the financing, although the structure and participants of the round have not been finalized. The state-backed fund is an investor in several major domestic semiconductor companies, including Semiconductor Manufacturing International.

Sany Heavy is said to consider IPO for electric unit in Hong Kong. (Bloomberg)

Sany Heavy Industry is considering an initial public offering in Hong Kong for one of its units. The business under review is electric truck manufacturer Hunan Xingbida Network Technology.

The proposed listing could raise about $500m, although deliberations are ongoing and the terms of a potential offering have not been finalized.

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