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Top Highlights
Patient Square, a private equity firm, agreed to acquire Premier, a technology-driven health care improvement company, in a $2.6bn deal, according to press release.
Premier is advised by Bank of America, Goldman Sachs, Cravath Swaine & Moore, Wachtell Lipton Rosen & Katz (led by Daniel A. Neff and Meng Lu), Skadden Arps Slate Meagher & Flom (led by Christopher Barlow) and Joele Frank (led by Aura Reinhard and Andrew B. Siegel). Patient Square is advised by Jefferies & Company, Perella Weinberg Partners, Santander, Kirkland & Ellis, Ropes & Gray, Latham & Watkins and Prosek Partners, according to press releases and MergerLinks data.
Atlas Holdings, a private equity firm, agreed to acquire ODP, a provider of products, services and technology solutions, in a $1bn deal, according to press releases.
ODP is advised by JP Morgan, Simpson Thacher & Bartlett, H/Advisors Abernathy (led by James Bourne and Dan Scorpio). Atlas Holdings is advised by Lazard, Willkie Farr & Gallagher and Longacre Square Partners (led by Kate Sylvester), according to press releases.
Compass, a residential real estate broker, agreed to merge with Anywhere, a real estate company, in a $10bn deal, according to press releases.
Anywhere is advised by Goldman Sachs and Wachtell Lipton Rosen & Katz (led by Steven A. Rosenblum and Hannah Clark). Compass is advised by Morgan Stanley and Kirkland & Ellis, according to press releases and MergerLinks data.
Deal Round up
AMERICAS
Saks Global in talks to sell 49% stake in Bergdorf Goodman. ( Reuters)
Lachlan Murdoch, Larry Ellison and Michael Dell linked to TikTok US deal. ( Reuters)
Neptune Insurance backers seek $368m in US IPO. ( Bloomberg)
Nassef Sawiris seeks $50bn investment in US infrastructure. ( FT)
EMEA
Canal+ takes control of MultiChoice and appoints new board. ( Reuters)
PAI prepares $1.2bn sale of Ethypharm. ( Bloomberg)
APAC
India to sell minority stakes in state-run companies. ( Reuters)
Chery Automobile to price Hong Kong IPO at top of range. ( Reuters)
Pinkfong seeks $55m from Seoul IPO. ( Bloomberg)
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AMERICAS
Pfizer, a multinational pharmaceutical corporation , agreed to acquire Metsera, a clinical-stage biopharmaceutical company, for $7.3bn, according to press releases.
Pfizer is advised by Citigroup and Wachtell Lipton Rosen & Katz (led by David Lam and Steven Green). Metsera is advised by Paul Weiss Rifkind Wharton & Garrison, Bank of America, Goldman Sachs, Guggenheim Partners and Allen & Company, according to press releases and MergerLinks data.
CRH, a provider of building materials solutions, completed the acquisition of Eco Material, a supplier of supplementary cementitious materials in North America, for $2.1bn, according to press releases.
Elixirr International, a global consulting firm, agreed to acquire TRC Advisory, a US-based consultancy specialising in growth strategy, commercial effectiveness and value acceleration, for $125m, according to press releases.
Elixirr is advised by Cavendish Corporate Finance (led by Stephen Keys), according to press releases.
Saks Global in talks to sell 49% stake in Bergdorf Goodman. ( Reuters)
Saks Global, the parent company of Saks Fifth Avenue, is in discussions to sell a 49% stake in Bergdorf Goodman for about $1bn.
Potential bidders include Middle Eastern sovereign wealth funds and strategic investors, with a deal possible early next year.
Lachlan Murdoch, Larry Ellison and Michael Dell linked to TikTok US deal. ( Reuters)
President Donald Trump said that Lachlan Murdoch, Larry Ellison and Michael Dell would participate as US investors in a proposed deal to keep TikTok’s US operations running.
The deal would involve transferring TikTok’s American assets from China’s ByteDance to US owners.
Neptune Insurance backers seek $368m in US IPO. ( Bloomberg)
Shareholders of Neptune Insurance Holdings plan to raise $368.4m in a US initial public offering by selling 18.4m shares priced between $18 and $20 each. Neptune itself will not issue new shares.
Cornerstone investors have indicated interest in the offering, which could value the company at up to $2.8bn.
Nassef Sawiris seeks $50bn investment in US infrastructure. ( FT)
Egyptian billionaire Nassef Sawiris is planning to invest up to $50bn in US infrastructure projects while consolidating his business holdings.
He is merging OCI Global into his family’s Abu Dhabi-listed Orascom Construction after selling more than $11.6bn of assets over the past two years.
EMEA
Spanish lender BBVA announced it had increased its offer for smaller competitor Sabadell by 10%, valuing the deal at €17bn ($19.9bn), in a bid to establish the country’s second-largest bank by assets. BBVA initially approached Sabadell in April 2024, but the proposal turned hostile the following month, reflecting its strategy to strengthen its domestic presence after years of fast-paced international growth.
Direct Travel, a corporate travel management company, completed the acquisition of ATPI, a travel management firm, according to press releases. Financial terms were not disclosed.
ATPI was advised by Robert W Baird. Direct Travel was advised by Jefferies & Company, Perkins Coie and Finn Partners, according to press releases.
TPG, an investment firm, completed the $120m investment in Tide, a business management platform, according to press releases. Financial terms were not disclosed.
TPG was advised by Torch Partners. Tide was advised by Morgan Stanley, according to press releases.
ResInvest Group, a privately owned trading and investment company, agreed to acquire the Datteln 4 coal-fired power plant from Uniper, a European energy company, according to press releases. Financial terms were not disclosed.
Uniper is advised by Rothschild & Co, according to press releases.
Arada, a real estate company that focuses on building property development, retail, education, and hospitality, completed the acquisition of a 75% stake in Regal, a provider of residential-led mixed-use developments and property selling services, according to press releases. Financial terms were not disclosed.
Regal is advised by Rothschild & Co, according to press releases.
Ardonagh, an insurance broker, completed the acquisition of Groupe Leader Insurance, a multi-specialist broker, according to press releases. Financial terms were not disclosed.
Canal+ takes control of MultiChoice and appoints new board. ( Reuters)
Canal+ announced a new board for South African broadcaster MultiChoice after completing a ZAR35bn ($2bn) acquisition.
The deal gives Canal+ a dominant position in Africa’s pay-TV market, where MultiChoice operates across 50 countries.
PAI prepares $1.2bn sale of Ethypharm. ( Bloomberg)
PAI Partners is preparing a sale of French drugmaker Ethypharm, a specialist in pain and addiction treatment.
The process, run with Jefferies, could value the company at more than €1bn ($1.2bn). Several private equity firms and industry peers have expressed interest.
APAC
La Caisse, an investment group, agreed to acquire Edify Energy, a renewable energy company, for CAD1bn ($725m), according to press releases.
La Caisse is advised by ICA Partners and Clifford Chance. Edify Energy is advised by Lazard and Herbert Smith Freehills Kramer, according to press releases.
India to sell minority stakes in state-run companies. ( Reuters)
The Indian government plans to sell minority stakes in about half a dozen state-owned firms.
Potential candidates include five public sector banks such as UCO Bank and Bank of Maharashtra.
Chery Automobile to price Hong Kong IPO at top of range. ( Reuters)
Chery Automobile plans to price its shares at HKD30.75 ($3.96) each to raise $1.2bn in a Hong Kong initial public offering.
The company launched a bookbuild last week to sell 297.4m shares in a range of HKD27.75 ($3.57) to HKD30.75 ($3.96).
Pinkfong seeks $55m from Seoul IPO. ( Bloomberg)
Pinkfong, the creator of “Baby Shark,” plans to raise up to KRW76bn ($55m) in an initial public offering in Seoul.
The company will issue 2m new shares priced between KRW32k ($22.9) and KRW38k ($27.2) each, giving it a potential market value of about KRW545bn ($390m).
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