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AMERICAS
Verisk, a multinational data analytics and risk assessment firm, agreed to acquire AccuLynx, a SaaS business management platform for residential property contractors with expertise in roofing, for $2.4bn, according to press releases.
AccuLynx is advised by King & Spalding (led by Jason D. Osborn and Drew Pollekoff) and William Blair & Co. Verisk is advised by Goldman Sachs, PJT Partners and Davis Polk & Wardwell, according to press releases.
Oak HC/FT and Andreessen Horowitz, venture capital firms, led a $243m Series C round in Ambience Healthcare, an ambient AI platform for documentation, coding, and clinical documentation integrity, with participation from OpenAI Startup Fund, Kleiner Perkins, Optum Ventures, Frist Cressey Ventures, Town Hall Ventures, Smash Capital, Georgian, and Founders Circle Capital, according to press releases.
Ambience Healthcare is advised by Aria Marketing, according to press releases and MergerLinks data.
KKR, a global investment firm, completed the acquisition of a majority stake in HealthCare Royalty Partners, a biopharma royalty acquisition company, according to press releases. Financial terms were not disclosed.
HealthCare Royalty was advised by TD Securities, according to press releases.
ICONIQ, an American investment management firm, led a $500m Series E round in Ramp, a financial operations platform, with participation from Founders Fund, D1 Capital Partners, GIC, Coatue, Avenir Growth, Thrive Capital, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Altimeter, Definition Capital, 137 Ventures, General Catalyst, Stripes, Sutter Hill Ventures, Lightspeed Ventures, T. Rowe Price, GV (Google Ventures), Emerson Collective, Operator Collective, and Pinegrove Capital Partners, according to press releases.
CBL Properties, an American REIT investing in and owning shopping centers, completed the acquisition of four regional shopping malls from Washington Prime, an American REIT developing retail properties, for $178.9m, according to press releases.
Kleiner Perkins, an American venture capital firm, led a $150m round in Motive, a company combining IoT hardware with AI-powered applications to connect and automate physical operations, with participation from AllianceBernstein, according to press releases.
iFood, a Brazilian online food ordering and food delivery platform, completed the acquisition of a 20% stake in CRMBonus, a loyalty and conversion platform specializing in customer acquisition, engagement and retention solutions in retail, according to Reuters. Financial terms were not disclosed.
NYSE owner ICE is in talks for $6bn Enverus deal. ( Bloomberg)
Intercontinental Exchange, the operator of the New York Stock Exchange, is in discussions to acquire Enverus, an energy analytics and data platform, in a deal that could be valued at $6bn. The potential acquisition follows an auction process involving Enverus, which is currently owned by private equity firm Hellman & Friedman.
While talks are ongoing, no final agreement has been reached, and the deal could still fall through. If completed, the acquisition would represent ICE's latest expansion into financial data and analytics, further diversifying beyond its core exchange business.
JPMorgan Chase nears a deal to take over Apple’s credit-card program. ( WSJ)
JPMorgan Chase is reportedly in advanced negotiations to assume control of Apple’s credit-card program, following Apple’s decision to part ways with current partner Goldman Sachs. The talks have intensified over the past few months, with Apple indicating that JPMorgan is its preferred successor for the partnership.
The potential agreement would see JPMorgan, the largest US bank, deepen its involvement with Apple’s consumer financial services. Both firms have been engaged in discussions since early 2023, building on an existing strategic relationship that includes Apple Pay and other digital wallet collaborations.
Spain's Cox considers buying Iberdrola's Mexican assets. ( Reuters)
Spanish utility firm Cox is evaluating a potential acquisition of Iberdrola's operations in Mexico, according to its CEO, Nacho Moreno. The move aligns with Cox’s broader growth strategy, which includes expanding its renewable energy and water services portfolio through acquisitions.
Iberdrola is reportedly in the process of divesting its Mexican business, and Cox has confirmed its interest in participating. The potential deal underscores the continued reshaping of Mexico’s energy landscape as foreign and domestic players reposition amid regulatory and market shifts.
KKR completes $6.5bn fundraise for asset-based finance strategy. ( Press Release)
KKR has closed a $6.5bn fundraise aimed at privately originated and negotiated credit investments secured by diversified financial and hard assets. This includes $5.6bn raised for its dedicated fund, Asset-Based Finance Partners II, alongside nearly $1bn from separately managed accounts targeting similar investment themes.
The New York-based firm said the fund will focus on large-scale asset-based finance deals globally. The strategy continues KKR’s push into private credit and asset-backed investments, capitalizing on increasing investor demand for yield and diversification.
EMEA
Crédit Agricole Santé & Territoires, a subsidiary of the Crédit Agricole group, agreed to acquire Petits-fils, a network of personal service providers that specializes in elderly home assistance, from Clariane, a provider of hospital care & home-care services, for €243m ($283m), according to press releases.
Crédit Agricole Santé & Territoires was advised by Baker McKenzie (led by Stephane Davin) and Credit Agricole. Clariane was advised by Amala Partners (led by Jean-Baptiste Marchand), according to press releases and MergerLinks data.
Gabon Oil Company, a national oil and gas exploration and production company, completed the acquisition of Tullow Oil Gabon, a Gabon subsidiary of multinational oil and gas exploration company, for $307m, according to press releases.
Tullow Oil Gabon was advised by Norton Rose Fulbright (led by Hussain Kubba) and Camarco (led by Billy Clegg), according to press releases and MergerLinks data.
Temasek, a global investment company, agreed to acquire a 10% stake in Ermenegildo Zegna, a global luxury company with a leading position in the high-end menswear business, for $126m, according to press releases.
Ermenegildo Zegna is advised by UBS and Sullivan & Cromwell, according to press releases and MergerLinks data.
Evercore, a global independent investment banking advisory firm, agreed to acquire Robey Warshaw, a boutique investment bank providing corporate finance advisory services, for $196m, according to press releases.
Evercore is advised by FGS Global, according to press releases.
VINCI Energies, a global industrial and service group that operates in the fields of energy, transport, and communication infrastructure, agreed to acquire Zimmer & Hälbig, an industrial firm that specializes in manufacturing technical building equipments, from VR Equitypartner, a private equity firm, according to press releases. Financial terms were not disclosed.
VR Equitypartner is advised by DC Advisory (led by Carsten Burger), according to press releases and MergerLinks data.
IVI RMA Global, a fertility group specializing in reproductive medicine, completed the acquisition of UAE and Saudi Arabia operations of ART Fertility Clinics, a reproductive medicine institution, from Gulf Capital, an alternative investment company, according to press releases. Financial terms were not disclosed.
IVI RMA Global was advised by Tinkle, according to press releases.
Fidelio, an investment firm, agreed to acquire a majority stake in Greenfood, a supplier of healthy foods, according to press releases. Financial terms were not disclosed.
Greenfood is advised by Robert W Baird, according to press releases and MergerLinks data.
Aston Martin stake sale set to value F1 team at £2.4bn. ( Bloomberg)
Aston Martin has agreed to sell a minority stake in its Formula One racing team at a valuation of approximately £2.4bn ($3.2bn). The deal, confirmed via a binding letter of intent, is expected to bring in £110m ($147m) from an undisclosed buyer. The transaction reflects continued investor enthusiasm in motorsports as the sport’s global profile grows.
The carmaker's sale of its F1 stake aligns with broader strategic goals amid recent executive shifts and renewed efforts to streamline operations. Final completion of the transaction remains pending, with the buyer’s identity yet to be publicly disclosed.
BC Partners to acquire Servier’s generic drug unit. ( Bloomberg)
Private equity firm BC Partners has entered exclusive negotiations to acquire Biogaran, the generic drugmaking arm of French pharmaceutical company Les Laboratoires Servier. The transaction follows a prior attempt to divest the unit that was abandoned nearly a year ago.
The deal would value Biogaran at over €800m ($924m). Both parties are currently working to finalize definitive agreements, with the deal highlighting ongoing private equity interest in European healthcare assets.
UK's International Personal Finance nears $655m takeover deal with Basepoint Capital. ( Reuters)
International Personal Finance, a British consumer finance provider, has confirmed it is in advanced discussions with US-based BasePoint Capital for a potential takeover. The proposed offer stands at £2 ($2.7) per share, representing a 25% premium to IPF’s share price as of July 29.
If finalized, the transaction would value IPF at £490.3m ($654.5m). IPF’s board has signaled its intent to recommend the offer to shareholders, pending the announcement of a firm bid.
Worldline seeks to sell unit to focus business after stock crash. ( Bloomberg)
French payments company Worldline is in exclusive negotiations to sell its Mobility & e-Transactional Services division to Magellan Partners. The decision comes as Worldline attempts to streamline its operations and regain investor confidence after a sharp drop in its stock price, triggered by media allegations that the company overlooked fraudulent activity.
Magellan’s binding offer values the unit at €410m ($474m). The division employs around 3.8k people and includes digital services tied to mobility and secure transactions. The sale is intended to refocus Worldline’s core business on payment processing and digital transactions.
BlackRock plots sale of pensions specialist Heywood. ( Sky News)
BlackRock’s Long Term Private Capital fund is preparing to sell Heywood, a UK-based pensions software provider it acquired in 2021 for approximately £350m ($453m). The asset manager is currently working with bankers on the divestment process.
The potential sale comes four years after BlackRock acquired Heywood, and reflects a broader trend among institutional investors seeking to capitalize on increased demand for tech-driven solutions in financial services. Details about potential bidders or valuation expectations have not been disclosed.
Oil & gas firm Action Energy is said to eye a rare IPO in Kuwait. ( Bloomberg)
Action Energy is preparing for an initial public offering in Kuwait, which could mark the first energy sector listing in the country since 2008. The company is working with National Investments and EFG Hermes as advisers for the planned transaction, which may take place as early as this year.
Investor meetings could begin as soon as September. If successful, the IPO would be a rare public listing in Kuwait’s energy space, potentially signaling renewed capital markets activity in the region.
APAC
Schneider Electric, a digital automation and energy management company, agreed to acquire the remaining 35% stake in Schneider Electric India from Temasek, an investment company, for €5.5bn ($6.4bn), according to press releases.
EQT, an investment firm, agreed to acquire an 85% stake in Fujitec, a Japanese manufacturer of elevators and escalators, in a $2.7bn deal, according to press releases.
Fujitec is advised by UBS, according to press releases and MergerLinks data.
Sage, a provider of accounting, financial, HR and payroll technology for small and mid-sized businesses, completed the acquisition of Fyle, an AI-powered expense management platform, according to press releases. Financial terms were not disclosed.
Sage was advised by Skadden Arps Slate Meagher & Flom (led by Jeffrey Brill), according to press releases and MergerLinks data.
SK On, a company specializing in electric vehicle and energy storage batteries, agreed to merge with SK Enmove, a specialist in lubricants and lube base oil for the automotive industry, according to press releases. Financial terms were not disclosed.
SK On is advised by Citigroup, according to press releases and MergerLinks data.
Three groups eyeing bids for Sapporo's $2.7bn property business. ( Reuters)
Three investor groups, including Bain Capital, KKR, and their partners, are preparing bids for Sapporo Holdings' real estate business, valued at around JPY400bn ($2.7bn). The second bidding round ends in August, with a deal expected by November.
Sapporo is selling the unit under activist investor pressure to focus on its drinks business. Japan’s attractive real estate market, due to low interest rates, has drawn strong investor interest.
Reliance said to seek small float in Jio IPO, raising $6bn. ( Bloomberg)
Reliance Industries is planning to list its telecom arm, Reliance Jio Infocomm, through a 5% float that could raise over $6bn. The proposed offering, significantly below India's usual 25% minimum float requirement, is currently being discussed with the Securities and Exchange Board of India. Reliance is reportedly arguing that market conditions are not conducive to a larger issuance.
If successful, the listing would mark one of the largest IPOs in India and serve as a key step in unlocking value from the conglomerate’s digital services arm. The company is still awaiting regulatory approval and may adjust the offering size based on investor demand.
Japan's state-backed JIC to set up $5.4bn fund for big restructuring deals. ( DealStreetAsia)
Japan Investment, a state-backed investment fund, is preparing to launch a new JPY850bn ($5.4bn) vehicle focused on large-scale corporate restructuring, according to government officials. The fund is intended to support domestic companies through significant transformations such as mergers, divestitures, or overhauls prompted by strategic, operational, or succession-related pressures.
This marks one of JIC’s largest capital commitments to date and underscores the Japanese government’s push to stimulate long-term economic competitiveness by fostering consolidation and innovation in key sectors like electronics, chemicals, and manufacturing.
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