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AMERICAS

California Resources Corporation to merge with Berry Corporation in a $717m deal.

California Resources Corporation, a company engaged in hydrocarbon exploration in California, agreed to merge with Berry Corporation, an independent oil and natural gas company, in a $717m deal, according to press releases.

Berry Corporation is advised by Guggenheim Partners and Vinson & Elkins. California Resources Corporation is advised by RBC Capital Markets and Sullivan & Cromwell (led by Bradley S. King and Alison S. Ressler), according to press releases and MergerLinks data.

Tailwind Capital completes the investment in DMD Systems Recovery.

Tailwind Capital, a private equity firm, completed the investment in DMD Systems Recovery, a provider of complete it asset disposition services, including decommissioning, logistics, inventory management, data destruction, value recovery, electronics recycling, and more, according to press releases. Financial terms were not disclosed.

Tailwind Capital was advised by Martinwolf, Godfrey & Kahn and FGS Global. DMD Systems Recovery was advised by Polsinelli, according to press releases.

MAI Capital Management to acquire Summit Financial Advisors.

MAI Capital Management, a registered investment advisor, agreed to acquire Summit Financial Advisors, an investment advisory firm, according to press releases. Financial terms were not disclosed.

Summit Financial Advisors is advised by Advice Dynamics Partners. MAI Capital Management is advised by StreetCred PR (led by Jimmy Moock and Adam Redling), according to press releases.

Piper Sandler completes the acquisition of G Squared Capital Partners.

Piper Sandler, an investment bank, completed the acquisition of G Squared Capital Partners, a boutique investment bank specializing in government services and defense technology, according to press releases. Financial terms were not disclosed.

G Squared Capital Partners was advised by Holland & Knight. Piper Sandler was advised by Faegre Drinker Biddle & Reath, according to press releases.

Thompson Street Capital Partners-backed ATIS completes the acquisition of elevator inspection business of Technical Inspection Agency USA.

Thompson Street Capital Partners-backed ATIS, a provider of elevator and escalator consulting, inspections, and managed services across North America, completed the acquisition of elevator inspection business of Technical Inspection Agency USA, a provider of a full range of inspection, consulting, and maintenance management services for elevators, escalators, moving walks, dumbwaiters, and lifts, according to press releases. Financial terms were not disclosed.

Thompson Street Capital Partners was advised by Gregory FCA, according to press releases.

Capacity to acquire KLaunch.

Capacity, an AI-powered support automation platform, agreed to acquire KLaunch, a conversational AI company, according to press releases. Financial terms were not disclosed.

Capacity is advised by PANBlast, according to press releases.

SecurityScorecard to acquire HyperComply.

SecurityScorecard, a security company, agreed to acquire HyperComply, an AI-powered platform, according to press releases. Financial terms were not disclosed.

SecurityScorecard is advised by 10Fold Communications (led by Allison Knight), according to press releases.

Rembrand completes the merger with Spaceback.

Rembrand, an AI company for virtual product placement, completed the merger with Spaceback, the creative automation platform known for transforming social media posts into high-performing programmatic ads across CTV, digital video, and display, according to press releases. Financial terms were not disclosed.

Rembrand was aadvised by Pitch Public Relations, according to press releases.

Avanos Medical to acquire Nexus Medical.

Avanos Medical, a medical technology company, agreed to acquire Nexus Medical, a medical device company, according to press releases. Financial terms were not disclosed.

Everon to acquire a multifamily business from ADT.

Everon, a security integrator, agreed to acquire a multifamily business from ADT, a security company, according to press releases. Financial terms were not disclosed.

Workdry International completes the acquisition of Atlas Dewatering.

Workdry International, a water handling and treatment solutions company, completed the acquisition of Atlas Dewatering, a drainage installations company, according to press releases. Financial terms were not disclosed.

Brookfield in talks to buy Yes! Communities in $10bn deal. (DealStreetAsia)

Brookfield Asset Management is in advanced talks to acquire Yes! Communities, a US landlord of manufactured homes, from Singapore’s GIC in a transaction valued at more than $10bn.

Negotiations have been ongoing for months but the deal has not yet been finalized.

US signals TikTok ban if divestiture fails. (Reuters)

A US government official said the country is prepared to proceed with a ban on TikTok if its Chinese parent Bytedance does not agree to divest the app.

Talks have resolved many technical issues, but Chinese officials linked any deal to broader demands on US tariffs and technology restrictions.

MEG Energy rejects Strathcona bid, backs Cenovus deal. (Reuters)

Canadian oil sands producer MEG Energy urged shareholders to reject Strathcona Resources’ sweetened takeover bid and reaffirmed support for a sale to Cenovus Energy.

Chair James McFarland said the revised offer was “fundamentally unattractive,” citing weaker assets, an inflated Strathcona share price and governance risks.

Via valued at $3.5bn in NYSE debut. (Reuters)

Transit tech firm Via Transportation was valued at $3.5bn in its New York Stock Exchange debut. Shares opened below the $46 offer price but closed at $49.51, up 7.6%.

Via and selling shareholders raised $493m by selling 10.7m shares, priced above the $40–$44 range.

EMEA

Nurol Holding to acquire Turkish assets from Alamos Gold for $470m.

Nurol Holding, an industrial conglomerate, agreed to acquire Turkish assets from Alamos Gold, a multinational gold producer, for $470m, according to press releases.

TPG and Sanabil led a $157m Series B round in HALA.

TPG and Sanabil, venture capital firms, led a $157m Series B round in HALA, a fintech company, with participation from QED, Raed Ventures, Impact 46, Middle East Venture Partners, Isometry Capital, Arzan VC, BNVT Capital, Kaltaire Investments, Endeavor Catalyst, Nour Nouf Ventures, Khwarizmi Ventures, and Wamda Capital, according to press releases.

Rheinmetall to acquire NVL from Lurssen.

Rheinmetall, an automotive and arms manufacturer, agreed to acquire NVL, a military division, from Lurssen, a shipyard, according to press releases. Financial terms were not disclosed.

Sabadell chairman calls for 30% premium on BBVA bid. (Bloomberg)

Banco Sabadell chairman Josep Oliu said the bank would only consider BBVA’s $18bn offer if raised by about 30%, after rejecting the initial bid as too low.

BBVA chairman Carlos Torres said there are no plans to improve the terms, which now value Sabadell about 10% below market.

ALEC Holdings to offload 20% stake in IPO. (DealStreetAsia)

Dubai-based engineering and construction firm ALEC Holdings will sell 1bn shares, representing 20% of the company, in an IPO on the Dubai Financial Market.

The deal could raise about $400m, with the subscription period set for September 23–30 and trading expected to begin around October 15.

Ottobock prepares for Frankfurt IPO. (Reuters)

German prosthetics maker Ottobock announced plans for an IPO in Frankfurt, including shares from existing holders and new shares from a capital increase, targeting €100m ($117m).

The family-owned group led by Hans Georg Naeder is eyeing a valuation above €6bn ($7bn), with the Naeder family expected to sell 25–30% of their stake.

Orsted launches $9.4bn rights issue. (Reuters)

Danish offshore wind developer Orsted will raise $9.4bn through a discounted rights issue to support US projects.

The company, which has grown rapidly by selling stakes in developments to fund construction, is now dealing with supply chain problems, rising interest rates and project delays.

APAC

Bio Green Med Solution completes the acquisition of Fitters Sdn Bhd.

Bio Green Med Solution, a company engaged in diversified industries, completed the acquisition of Fitters Sdn Bhd, a security equipment company, according to press releases. Financial terms were not disclosed.

Fitters Sdn Bhd was advised by Ong Ric & Partners. Bio Green Med Solution was advised by ARC Group and Rimon Law, according to press releases.

PT United Tractors to acquire Arafura Surya Alam from J Resources Nusantara for $540m.

PT United Tractors, a provider of construction machinery and heavy equipment, agreed to acquire Arafura Surya Alam from J Resources Nusantara, a gold mining company, for $540m, according to press releases.

PT United Tractors is advised by Nomura, according to press releases and MergerLinks data.

CVC in talks to buy KKR’s Avendus stake. (Bloomberg)

CVC Capital Partners is in early talks to buy KKR’s 63% stake in Mumbai-based Avendus Capital after Mizuho’s attempt stalled.

A deal would mark a major PE exit in India’s financial services sector and give Avendus a global backer to support growth in advisory and asset management.

FuriosaAI plans $300m funding round ahead of IPO. (Bloomberg)

Seoul-based chip startup FuriosaAI is preparing to raise over $300m in a pre-IPO Series D funding round. The company has asked global banks to submit proposals to arrange the deal.

FuriosaAI, aiming to compete with Nvidia, is seeking to expand its international investor base through the planned raise.

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