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AMERICAS

Francisco Partners completes the acquisition of Jamf from Vista Equity Partners for $2.2bn.

Francisco Partners, a global investment firm, completed the acquisition of Jamf, a provider of Apple device management and security solutions, from Vista Equity Partners, a private equity firm, for $2.2bn, according to press releases.

Jamf was advised by Citigroup (led by Niall Cannon) and Kirkland & Ellis (led by Daniel E. Wolf, David Klein and J. Heath Mayo). Citigroup was advised by White & Case (led by Denise A. Cerasani). Francisco was advised by Deutsche Bank, Goldman Sachs, RBC Capital Markets, Simpson Thacher & Bartlett (led by David Rubinsky) and Prosek Partners. Debt provider was advised by Milbank (led by Marcus Dougherty), according to MergerLinks data and press releases.

SM Energy completes the merger with Civitas Resources in a $12.8bn deal.

SM Energy, an independent oil and gas company engaged in exploration and production, completed the merger with Civitas Resources, an exploration and production company focused on crude oil and natural gas assets in the Permian and DJ Basins, in a $12.8bn deal, according to press releases.

Civitas Resources was advised by JP Morgan, Kirkland & Ellis, and Joele Frank. JP Morgan was advised by Simpson Thacher & Bartlett. SM Energy was advised by Evercore, Gibson Dunn & Crutcher (led by Jeffrey Chapman), and Joele Frank. Evercore was advised by Fried Frank Harris Shriver & Jacobson, according to press releases.

PotlatchDeltic completes the merger with Rayonier in a $8.2bn deal.

PotlatchDeltic, a timberland real estate investment trust, completed the merger with Rayonier, a land resources company, in a $8.2bn deal, according to press releases.

Rayonier was advised by Morgan Stanley, Vinson & Elkins (led by Paige Anderson), Wachtell Lipton Rosen & Katz (led by Michael Benn) and Gladstone Place Partners. Morgan Stanley was advised by Alston & Bird. PotlatchDeltic was advised by Bank of America, Latham & Watkins (led by Tessa Bernhardt, Darren J. Guttenberg and Tad Freese). Bank of America was advised by Sullivan & Cromwell (led by Stephen M. Kotran), according to press releases.

Gentherm to merge with Modine Performance Technologies in a $1bn deal.

Gentherm, an innovative thermal management and pneumatic comfort technologies company, agreed to merge with Modine Performance Technologies, the spun off performance technologies business of Modine, a thermal management technology and solutions provider, in a $1bn deal, according to press releases.

Gentherm is advised by Barclays, Honigman Miller Schwartz & Cohn, Latham & Watkins and FGS Global. Modine is advised by Bank of America, Gibson Dunn & Crutcher and Joele Frank (led by Sharon Stern). Bank of America is advised by Sullivan & Cromwell (led by Stephen M. Kotran), according to MergerLinks data and press releases.

Mediawan to acquire The North Road.

Mediawan, an independent European studio, agreed to acquire The North Road, an independent US-based studio, according to press releases. Financial terms are not disclosed.

North Road is advised by Moelis & Company, PJT Partners, and Gibson, Dunn & Crutcher. Mediawan is advised by The Raine Group, Centerview Partners, Latham & Watkins LLP , Mayer Brown, and FGS Global, according to MergerLinks data and press releases.

Rio2 completes the acquisition of a 99.1% stake in Condestable mine from Southern Peaks Mining for $217m.

Rio2, a mining company with a focus on development and mining operations, completed the acquisition of a 99.1% stake in Condestable mine from GNRI-backed Southern Peaks Mining, a private business, for $217m, according to press releases.

Rio2 was advised by Edgehill Advisory, Blake Cassels & Graydon, DLA Piper, Dentons, and McMillan. Southern Peaks Mining was advised by BMO Capital Markets and Stikeman Elliott, according to MergerLinks data and press releases.

BKV completes the acquisition of a minority stake in BKV‑BPP Power from Banpu Power US for $376m.

BKV, an energy company, completed the acquisition of minority stake in BKV‑BPP Power, a joint venture between BKV Corporation and Banpu Power US Corporation, from Banpu Power US, a subsidiary of Banpu Power, for $376m, according to press releases.

BKV Corporation was advised by Citigroup, Moelis & Co, Baker Botts (led by Samantha Hale Crispin), Morris Nichols Arsht & Tunnell and ICR. Financial advisors were advised by Gibson Dunn & Crutcher (led by Andrew Kaplan), according to press releases and MergerLinks data.

HEINEKEN completes the acquisition of beverage and retail businesses from FIFCO for $3.2bn.

HEINEKEN, a beer company, completed the acquisition of beverage and retail businesses from FIFCO, a food and beverages company, for $3.2bn. The portfolio includes FIFCO’s 75% stake in Distribuidora la Florida, 75% stake in Nicaragua Brewing Holding (which owns a 49.85% indirect stake in Compañía Cervecera de Nicaragua), 25% interest in Brewery Panama (Baru) and 100% stake in FIFCO Mexico, according to press releases.

FIFCO was advised by Bank of America and Latham & Watkins (led by Carlos Ardila and Antonio Del Pino) and CCK. HEINEKEN was advised by UBS and Davis Polk & Wardwell (led by Daniel Brass), according to MergerLinks data and press releases.

GeoPark to acquire Frontera Petroleum International from Frontera Energy.

GeoPark, a Latin American oil and gas company, agreed to acquire Frontera Petroleum International from Frontera Energy, a Canadian petroleum exploration and production company, for $600m, according to press releases.

GeoPark is advised by BTG Pactual, Cleary Gottlieb Steen & Hamilton, Bennett Jones, and CMS, and FGS Global, according to press releases.

SCI Capital Partners-backed Reddy Ice to acquire Arctic Glacier from Carlyle.

SCI Capital Partners-backed Reddy Ice, a manufacturer and distributor of packaged ice products, agreed to acquire Arctic Glacier, a North American provider of ice products and services, from Carlyle, an American multinational private equity, according to press releases. Financial terms are not disclosed.

Arctic Glacier is advised by Debevoise & Plimpton, Rule Garza Howley, and Deutsche Bank. Reddy Ice is advised by Latham & Watkins and BMO Capital Markets, according to press releases.

First Reserve to invest in WGI.

First Reserve, a private equity firm, agreed to invest in WGI, an engineering, design and infrastructure solutions provider. Financial terms were not disclosed.

WGI is advised by AEC Advisors and Lawson & Weitzen. First Reserve is advised by Simpson Thacher & Bartlett (led by Michael Holick) and Joele Frank (led by Jonathan Keehner), according to MergerLinks data and press releases.

J.F. Lehman completes the acquisition of Reclamation Technologies USA and Tradewater.

J.F. Lehman, a middle-market private equity firm, completed the acquisition of Reclamation Technologies USA, a provider of full‑service refrigerant recovery and reclamation solutions, and Tradewater, a company specializing in the collection and control of high-impact refrigerant and methane gases, according to press releases. Financial terms were not disclosed.

Reclamation Technologies USA was advised by Brown Gibbons Lang & Company, according to press releases.

Rio Tinto and Aluminum Corporation of China to acquire a 68.6% stake in Companhia Brasileira de Alumínio from Votorantim $903m

Rio Tinto, a global mining group, and Aluminum Corporation of China, a multinational corporation, agreed to acquire a 68.6% stake in Companhia Brasileira de Alumínio, an aluminium producer, from Votorantim, an investment holding company, for $903m, according to press releases.

G2 to acquire Capterra, Software Advice, and GetApp from Gartner.

G2, a software marketplace, agreed to acquire Capterra, Software Advice, and GetApp, software discovery and recommendation platforms, from Gartner, an American research and advisory firm, according to press releases. Financial terms are not disclosed.

White Cap to acquire Colony Hardware.

White Cap, a distributor of specialty construction supplies and safety products, agreed to acquire Colony Hardware, a regional US distributor of tools, equipment, supplies, safety products, and tool repairs and rentals, according to press releases. Financial terms are not disclosed.

Argenbright Group-backed Unifi Aviation completes the acquisition of Viggo.

Argenbright Group-backed Unifi Aviation, an American aviation ground handling services company, completed the acquisition of Viggo, a Dutch ground handling company. Financial terms were not disclosed.

Körber to acquire Stellium.

Körber, an international technology group, agreed to acquire Stellium, a SAP supply chain management consulting firm, according to press releases. Financial terms are not disclosed.

Colliers-backed Englobe completes the acquisition of Tetranex Solutions.

Colliers-backed Englobe, a Canadian engineering, environmental and inspection services firm, completed the acquisition of Tetranex Solutions, a multidiscipline engineering consulting firm, according to press releases. Financial terms were not disclosed.

Apple completes the acquisition of Q.ai.

Apple, an American multinational technology company, completed the acquisition of Q.ai, a company specializing in artificial intelligence technology for audio, according to press releases. Financial terms were not disclosed.

Integrow to acquire Cloud Consulting.

Integrow, an agentic platform of integrated enterprise resource planning and CRM solutions, agreed to acquire Cloud Consulting, a cloud, ERP, and CRM consulting and services firm, according to press releases. Financial terms are not disclosed.

Foundation Investment Partners-backed Sustainable Packaging completes the acquisition of Paper Converters.

Foundation Investment Partners-backed Sustainable Packaging completed the acquisition of Paper Converters, a paper company located in Walterboro, according to press releases. Financial terms were not disclosed.

A $100bn deal between OpenAI and Nvidia has been put on hold. (WSJ)

Nvidia’s plan to invest as much as $100bn in OpenAI—intended to support the training and operation of OpenAI’s newest AI models—has hit a pause after some within the company raised concerns.

The two companies announced the large‑scale arrangement last September at Nvidia’s headquarters in Santa Clara, California. They outlined a memorandum of understanding in which Nvidia would build at least 10 gigawatts of computing capacity for OpenAI and provide up to $100bn in funding to support the effort. In return, OpenAI would lease the chips from Nvidia as part of the agreement.

SpaceX is reportedly weighing a merger with either Tesla or xAI. (Bloomberg)

SpaceX is weighing a possible merger with Tesla, and is also considering a separate combination with the AI company xAI, a sign that Elon Musk is exploring ways to bring his companies closer together.

SpaceX has examined whether a deal with Tesla could work, an idea some investors have been encouraging. At the same time, the company is looking at a potential tie‑up with xAI before a future IPO.

Seattle Seahawks will be put up for sale after the Super Bowl. (Bloomberg)

It is reported that the Seattle Seahawks will be put up for sale following the February 8 Super Bowl.

The franchise, preparing to play the New England Patriots for the title, is currently held by the estate of the late Microsoft co‑founder Paul Allen. His sister, Jody Allen, oversees the trust, which directs that all assets be sold after his passing.

Coterra and Devon are in advanced talks on a possible merger. (Bloomberg)

Coterra Energy and Devon Energy are in advanced discussions about a possible merger, a move that would mark one of the biggest oil and gas deals in recent years.

The companies could announce a deal in the coming days. No final decision has been made and the timing could change or talks could fall through.

Agibank in Brazil aims for a US IPO valuing the company at up to $3.3bn. (Reuters)

Agibank, a fintech based in São Paulo, is targeting a valuation of up to $3.3bn in its planned US IPO, as Brazilian financial companies return to international markets after a slow period for new listings.

The digital lender aims to raise as much as $785m by selling about 43.6m shares, with an expected price range of $15 to $18 each.

White Pearl Acquisition Corp. prices its $100m IPO. (Press Release)

White Pearl Acquisition, a British Virgin Islands–based blank‑check company created to pursue a business combination, announced that it has priced its initial public offering. The offering consists of 10m units at $10 each, with every unit including one Class A ordinary share and one right. Each right will convert into one‑fifth of a Class A ordinary share once the company completes its first business combination.

The units are expected to begin trading on the New York Stock Exchange under the symbol WPACU on February  2, 2026. After the units separate, the Class  A shares and the rights will trade under WPAC and WPACR, respectively.

Blackstone‑backed Liftoff Mobile aims to raise $762m in a US IPO. (Bloomberg)

Liftoff Mobile, backed by Blackstone and focused on mobile app advertising, is aiming to raise up to $762m through an IPO.

The company plans to sell 25.4m shares priced between $26 and $30. At the high end of that range, Liftoff would be valued at about $5.2bn.

EMEA

NAVER completes the acquisition of an additional 70.5% stake in Wallapop for €377m.

NAVER, a search engine and e-commerce platform providing fintech, digital content, and cloud services, completed the acquisition of an additional 70.5% stake in Wallapop, a mobile-based C2C secondhand marketplace platform, for €377m ($447m), according to press releases.

Wallapop was advised by JP Morgan and Uria Menendez (led by Carlos Paredes). NAVER was advised by Perez Llorca and Yulchon. Korelya Capital was advised by Hogan Lovells (led by Xavier Doumen). Insight was advised by Cuatrecasas Goncalves Pereira (led by Elena Cuatrecasas) and Garrigues. 14W was advised by Cremades y Calvo Sotelo and Osborne Clarke, according to MergerLinks data and press releases.

Signal Ocean completes the acquisition of AXSMarine from Barry Rogliano Salles.

Signal Ocean, the technology arm of The Signal Group, completed the acquisition of AXSMarine, a provider of sophisticated software solutions serving the international shipping industry, from Barry Rogliano Salles, a maritime brokerage firm, according to press releases. Financial terms were not disclosed.

Signal Ocean was advised by PricewaterhouseCoopers, Bredin Prat (led by Barthélémy Courteault), Kerameus & Partners and Latham & Watkins. BRS was advised by Amala Partners, Forvis Mazars, CMS and asemlex, according to MergerLinks data and press releases.

Titan Wealth completes the acquisition of Independent Wealth Planners.

Titan Wealth, a financial planning firm, specialising in workplace pensions, employee benefits and wealth management, completed the acquisition of Independent Wealth Planners, a UK financial planning provider, according to press releases. Financial terms were not disclosed.

IWP was advised by Jefferies & Company, PricewaterhouseCoopers and Proskauer Rose. Titan Wealth was advised by Thistle Initiatives, CIL Management Consultants, Deloitte and White & Case (led by Ross J. Allardice), according to MergerLinks data and press releases.

TeamSystem completes the acquisition of AIG Classic.

TeamSystem, an Italian tech & AI company, completed the acquisition of AIG Classic, a Spanish company specialised in the development of management and accounting software for SMEs, micro-businesses and professionals, according to press releases. Financial terms were not disclosed.

AIG Classic was advised by Evergreen Legal. TeamSystem was advised by KPMG, Garrigues and Barabino & Partners (led by Georgia Colkin), according to MergerLinks data and press releases.

Pinewood in the UK jumps on news of a $792m deal discussion with Apax Partners. (Reuters)

Pinewood Technologies’ shares jumped up to 28% after the company said it was prepared to accept a £575.5m ($792m) deal with Apax Partners, provided the private‑equity firm submits a formal bid.

Apax, which has approached the company several times before, offered 500 pence per share—almost 30% above Pinewood’s closing price on Thursday.

Bain and Blackstone are among the bidders for UK vitamin maker Vitabiotics. (Bloomberg)

Bain Capital and Blackstone are among the private equity firms advancing to the next bidding round for Vitabiotics, the UK supplements maker run by former Dragons’ Den investor Tej Lalvani.

EQT and TPG have also moved forward in the process. The company, known for several leading UK vitamin brands, could fetch around £900m ($1.2bn) in a potential sale.

OnlyFans is discussing selling a majority stake to an investment firm. (WSJ)

OnlyFans, the UK‑based platform known for creator content, is negotiating the sale of a majority stake to an investment firm in a deal that would value the company at roughly $3.5bn.

Architect Capital is reportedly in exclusive talks to acquire close to 60% of the company. When debt is included, the deal would put OnlyFans’ total valuation at about $5.5bn.

BMG is in talks to buy Concord, bringing the Kylie and Killer Mike labels under one group. (Bloomberg)

BMG Rights Management is exploring a potential bid for Concord in a deal that could value the US music group at up to $7bn. Such a move would bring together two of the biggest independent labels.

BMG is considering a cash and stock offer. The companies are still negotiating and may not come to an agreement.

Francesco Grosoli will take charge of Mediobanca’s private banking as part of its overhaul. (Reuters)

Francesco Grosoli, who leads Mediobanca’s Compagnie Monégasque de Banque, is set to take charge of the group’s private‑banking arm. The move is aimed at expanding the unit’s international footprint.

His appointment marks the first step in a broader restructuring led by Mediobanca’s new CEO, Alessandro Melzi d’Eril. He took over in October after Banca Monte dei Paschi di Siena completed a €16bn ($19bn) stock‑and‑cash deal for Mediobanca, giving it control of more than 86% of the bank.

APAC

IG Group completes the acquisition of Independent Reserve for AUD178m.

IG Group, an online trading platform and educational resources provider, completed the acquisition of Independent Reserve, a cryptocurrency exchange, for AUD178m ($124m), according to press releases.

Independent Reserve was advised by Keefe Bruyette & Woods (led by Keith Meyers and Paul McCaffery) and Hamilton Locke (led by Jo Ruitenberg). IG Group was advised by Sodali & Co, according to MergerLinks data and press releases.

Blackstone is considering selling Interplex’s $1bn ICT unit. (Bloomberg)

Blackstone is weighing a sale of Interplex’s information and communications technology division as interest builds from other private equity firms and industry buyers.

The firm has brought in a financial adviser to explore a deal. The ICT unit could fetch more than $1bn if a transaction moves forward.

Groww is among the bidders for Prudential’s India asset manager. (Bloomberg)

Prudential Financial’s India asset management unit has attracted bids from at least two domestic firms.

Groww Asset Management, backed by State Street Investment Management, and Edelweiss Asset Management have both submitted offers for PGIM India Asset Management.

Indo‑MIM plans to seek up to $700m in an India IPO. (Bloomberg)

Indo‑MIM, a maker of precision components, is gearing up for an Indian IPO that could raise up to $700m.

The company has started meeting potential investors ahead of a possible launch next month. It has also cut its valuation goal to around $2.5bn, down from a previous target of $3.2bn.

Chinese chip designer Montage aims to raise up to $902m in a Hong Kong listing. (Bloomberg)

Montage Technology, a Shanghai-based chip designer, is aiming to raise up to $902m through a Hong Kong share sale, adding to a record‑busy start to the year for new listings in the city.

The company plans to offer roughly 65.9m shares at a price of up to $13.69 each. The proposed price represents a discount of at least 41% to its most recent closing price of $23.3 on the Shanghai exchange, where its stock is already traded.

Citigroup India is reportedly hiring Khurana to lead commercial banking. (Bloomberg)

Citigroup’s India arm has appointed Ankur Khurana as its new head of commercial banking, as the bank looks to strengthen its presence among the country’s fast‑growing mid‑sized firms.

Khurana, who previously served as co‑head of coverage for India and South Asia at Standard Chartered, had been exploring roles at other institutions. She brings more than 20 years of banking experience.

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