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AMERICAS
Berkshire Partners, a private equity firm, agreed to invest CAD1.775bn in Harbourfront Wealth Management, an independent wealth advisory and investment management group. Audax Private Equity, Harbourfront’s existing capital partner, will maintain a significant interest in Harbourfront following the completion of the deal, according to press releases.
Harbourfront Wealth Group is advised by Ardea Partners, CIBC Capital Markets and Piper Sandler. Berkshire Partners is advised by BMO Capital Markets, Goldman Sachs, Osler Hoskin & Harcourt and Edelman. Audax Private Equity is advised by Gasthalter & Co. Harbourfront Wealth Group and Audax Private Equity are advised by Kirkland & Ellis and Stikeman Elliott, according to press releases.
Shield AI, an American aerospace and defense technology company, completed the acquisition of Aechelon Technology, a Silicon Valley-based tactical simulation provider, from Sagewind Capital, a private equity firm, according to press releases. Financial terms were not disclosed
Shield AI was advised by Morgan Stanley, Cooley, Covington & Burling, Sidley Austin and Sullivan & Cromwell (led by Mark Schenkel). Sagewind Capital was advised by Paul Weiss Rifkind Wharton & Garrison (led by Edward Ackerman and Robert Balis). Aechelon Technology was advised by JP Morgan and Morrison Foerster, according to press releases and MergerLinks data.
Booz Allen, a premier American management and technology consulting firm specializing in digital transformation, agreed to acquire the ultra mission solutions business of Cobham Ultra Group, a defence electronics and mission-critical systems group, for $720m, according to press releases.
Booz Allen is advised by PricewaterhouseCoopers, Renaissance Strategic Advisors, Jefferies & Company and King & Spalding. Cobham Ultra Group and Advent are advised by KPMG, Robert W Baird and Latham & Watkins, according to press releases.
DCG-backed Fortitude Mining, a vertically integrated digital asset mining platform anchored in Zcash, agreed to merge with HeartSciences, a medical technology and healthcare information technology company focused on applying artificial intelligence to standard electrocardiograms, according to press releases. Financial terms were not disclosed.
Fortitude Mining is advised by Canaccord Genuity, Ducera Partners, Ropes & Gray and ICR. HeartSciences is advised by Houlihan Capital, Foley Shechter Ablovatskiy and Integrous IR (led by Mark Komonoski), according to press releases.
Onex and TriWest Capital Partners, a private equity companies, agreed to acquire AirSprint, a fractional jet operator in Canada, according to press releases. Financial terms were not disclosed.
AirSprint is advised by CIBC Capital Markets, Jefferies & Company and Blake Cassels & Graydon. Onex is advised by RBC Capital Markets, DLA Piper, Goodmans and Kirkland & Ellis, according to press releases and MergerLinks data.
Eli Lilly and Company, a pharmaceutical company, completed the acquisition of Centessa Pharmaceuticals, a clinical-stage pharmaceutical company specializing in orexin receptor 2 agonists, from Medicxi Ventures, a venture capital firm, Index Ventures, a venture capital firm based in London, and General Atlantic, a global growth equity firm, for $7.8bn, according to press releases.
Agilent Technologies, a provider of molecular spectroscopy solutions, completed the acquisition of Biocare Medical, a provider of immunohistochemistry instruments and reagents, from an investor group led by Excellere Partners, a middle-market private equity investment firm, and GHO Capital Partners, a healthcare‑focused investment advisor, for $950m, according to press releases.
Great Hill Partners, a private equity firm, completed the investment in Woof Gang, a pet services and retail franchise, according to press releases. Financial terms were not disclosed.
Great Hill Partners was advised by Harris Williams & Co, Paul Hastings and FGS Global. Woof Gang was advised by Willkie Farr & Gallagher (led by Morgan McDevitt, Yaniv Maman, Chris Truman and David K. Boston) and ICR Inc, according to press releases and MergerLinks data.
LightBay Capital, a private equity firm, completed the investment in Centre Technologies, a Texas-based IT managed services provider, according to press releases. Financial terms were not disclosed.
LightBay Capital was advised by Houlihan Lokey and Ropes & Gray. Centre Technologies was advised by Guggenheim Partners and Troutman Pepper Locke, according to press releases.
Summit Partners, a private equity investment firm, led $100m investment in Runpod, a cloud platform delivering on-demand GPU compute and serverless GPU endpoints for AI model training, fine-tuning, and inference, according to press releases.
Runpod was advised by JP Morgan and Cooley. Summit Partners was advised by Kirkland & Ellis, according to press releases.
Bristow Group, a global provider of innovative and sustainable vertical flight solutions, agreed to acquire Berry Aviation, an American charter airline, from Acorn Capital Management, a private equity and alternative investment firm, for $105m, according to press releases.
KKR, a global investment firm, agreed to invest $1.4bn in Altavair, a commercial aviation leasing and financing company, according to press releases.
KKR is advised by Simpson Thacher & Bartlett (led by Breen Haire), according to MergerLinks data.
Brightstar Capital Partners, a private equity firm, completed the acquisition of Erdman, an architecture and engineering firm, according to press releases. Financial terms were not disclosed.
Brightstar Capital Partners was advised by Prosek Partners, according to press releases.
Premji Invest, a venture capital firm, led a $190m Series A-1 round in Upscale AI, a technology company providing AI networking infrastructure solutions, with participation from NVIDIA, Salesforce Ventures, Seligman Ventures, Temasek, Maverick Silicon, Mayfield, Prosperity7 Ventures, StepStone Group and Tiger Global, according to press releases.
Upscale AI was advised by Racepoint Global, according to press releases.
Patient Square Capital, a healthcare investment firm, led a $190m Series B round in Osanni Bio, a San Francisco-based biopharmaceutical company developing therapeutics to prevent and reverse blindness caused by retinal diseases, with participation from Horowitz Group, Invus Opportunities, and Retinal Degeneration Fund, according to press releases.
Patient Square Capital was advised by Prosek Partners, according to press releases.
Insight Partners, a global venture capital and private equity firm, led a $65m Series C round in Gradial, an AI content operations platform built for enterprise marketing teams, with participation from VMG, Madrona, and PruVen, according to press releases.
Insight Partners was advised by Willkie Farr & Gallagher (led by Matthew Haddad), according to MergerLinks data.
Edward Jones, a US-based financial services firm, completed the investment in Aquiline-backed Quicken, a provider of personal financial management software, according to press releases. Financial terms were not disclosed.
Quicken was advised by Goldman Sachs and Method Communications, according to press releases.
Huron Capital-backed Exigent Group, North America's provider of mission-critical mechanical systems solutions, completed the acquisition of Superior Building Services, a mechanical contractor, according to press releases. Financial terms were not disclosed.
Exigent Group was advised by Profile Advisors (led by Edward Lopez), according to press releases.
Align Capital Partners-backed Schneider Geospatial, a provider of GIS-based SaaS solutions for parcel management, completed the acquisition of New England GeoSystems, a GIS consulting, spatial data creation and maintenance, and custom web development/hosting for municipal and private-sector clients, according to press releases. Financial terms were not disclosed.
JF Lehman & Company-backed Forged Solutions Group, a manufacturer specializing in high-quality forgings for aerospace, completed the acquisition of Custom Alloy, a manufacturer of forged components, according to press releases. Financial terms were not disclosed.
Sterling Investment Partners-backed Verdantas, a company specializing in digitally enabled technical consulting for the environment, water, and energy transition markets, completed the acquisition of Yu & Associates, a company focused on geotechnical engineering, environmental services, and civil engineering. Financial terms were not disclosed.
Alpine Investors-backed Oakline, a company specializing in residential real estate investment and operations, completed the acquisition of ResidentialOne, an affordable housing property management company, and Professional Renovations, an affordable housing property management company, according to press releases. Financial terms were not disclosed.
Altimeter Capital, a private equity firm, led a $1.5bn Series F round in Baseten, an AI inference company, with participation from Conviction, and Spark Capital. Sands Capital, Wellington Management, IVP, Greylock, 01A, Blackbird, Durable Capital Partners, Verified Capital, Battery Ventures, and D. E. Shaw, according to press releases.
Natural Capital, a provider of innovative solutions company, led a $310m Series B round in Odyssey, an AI lab pioneering world models founded by self-driving car veterans, with participation from Amazon, AMD Ventures, GV, EQT, IQT, Jeff Dean, Elad Gil, Qasar Younis, Garry Tan, Guillermo Rauch, and Kyle Vogt, according to press releases.
A consortium of investors including Fifth Down Capital, Sequoia Capital, OG Venture Partners, Goldcrest Capital, XYZ Ventures, and Godfrey Capital, led a $250m Series D round in Peregrine Technologies, a data integration platform that helps public safety agencies make data-driven decisions, power real-time operations, and strengthen community relationships, according to press releases.
Goldman Sachs Alternatives, the alternative investments division of Goldman Sachs, led a $110m Series C round in Taktile, an AI-powered decision platform, with participation from Balderton Capital, Index Ventures, Tiger Global, Y Combinator and Dig Ventures, according to press releases.
MediaTek, a semiconductor company, led a $80m Series C round in HyperLight, a photonics company, with participation from UMC Capital, Jabil, Foxconn, EDBI, CDIB-TEN Capital, Qatar Investment Authority, Summit Partners, The Engine, Foothill Ventures, and Xora Innovation, according to press releases.
Schick razor maker is said to reject unsolicited takeover offer. (Bloomberg)
Edgewell Personal Care, the maker of Schick razors, has rejected an unsolicited takeover proposal from private equity firm Yellow Wood Partners.
The board considered the $30-per-share offer inadequate, while the stock closed at $22.72 in New York trading following reports of the approach.
KKR's Arctos backs $288m Tennessee stadium district. ( Bloomberg)
Arctos Partners has teamed up with RVX Ventures and Magellan Development Group to develop mixed-use entertainment districts around sports venues, expanding investment opportunities linked to professional and collegiate athletics.
The partnership’s first project is a $288m joint venture adjacent to the University of Tennessee’s Neyland Stadium. The development will include a 24-story hotel, apartments, a private club, and 100k square feet of entertainment space.
Cybersecurity firm Varonis weighs sale after takeover interest. ( Bloomberg)
Cybersecurity company Varonis is exploring options including a potential sale after receiving takeover interest from private equity firms including Blackstone, Thoma Bravo and Vista Equity Partners.
Miami-based Varonis is working with advisers as it fields preliminary interest from the firms.
Draper Associates has launched DA8, its latest venture capital fund, marking 12 years since the firm spun out from DFJ and relaunched with outside investors. The fund will continue its focus on backing early-stage founders using deep technology to disrupt long-established industries.
The firm's past investments include Tesla, SpaceX, Coinbase, Robinhood, and Polymarket. DA8 will target entrepreneurs developing technologies with the potential to drive significant industry transformation.
IG4 says it can buy all Raizen debt in cash to gain control. ( Bloomberg)
Private equity firm IG4 Capital has indicated it has sufficient capital to acquire Raizen’s debt entirely in cash as it pursues control of the troubled sugar and ethanol producer.
The firm is seeking to accumulate enough of Raizen’s obligations to secure a 50.1% equity stake, positioning itself to take control of the company as it navigates financial challenges.
EMEA
HSG, a global investment firm focused on venture capital and private equity, completed the acquisition of a majority stake in Golden Goose, a Venice-based fashion brand, from Permira, a global investment firm, and Blue Pool Capital, an investment advisory firm, according to press releases. Financial terms were not disclosed.
Golden Goose was advised by Gatti Pavesi Bianchi Ludovici (led by Andrea Giardino and Filippo Sola), Ropes & Gray and Brunswick Group (led by Charles Pretzlik, Ed Brown and Alessandro Iozzia). HSG was advised by KPMG, PricewaterhouseCoopers, Rothschild & Co and Latham & Watkins (led by Giovanni Sandicchi, Andrea Stincardini, Zhonghua Shi and Stefano Sciolla). Permira was advised by Ernst & Young, Bank of America, JP Morgan (led by Francesco Cardinali and Alex Bruce), Mediobanca (led by Giuseppe Baldelli), Giliberti Triscornia e Associati, FGS Global (led by Philipp Halstrick), Headland Consultancy and Maisto e Associati. Blue Pool Capital was advised by Cleary Gottlieb Steen & Hamilton, according to press releases and MergerLinks data.
Holcim, a building material company, completed the acquisition of Xella, a European company in sustainable and innovative walling systems, from Lone Star Funds, an investment firm, for €1.85bn ($2.1bn), according to press releases.
Xella was advised by Brunswick Group. Holcim was advised by UBS and Linklaters (led by Marco Carbonare). Lone Star Funds was advised by JP Morgan, Gibson Dunn & Crutcher (led by Mark Sperotto), Lenz & Staehelin (led by Simone Ehrsam), Headland Consultancy and Joele Frank (led by Jed Repko), according to MergerLinks data and press releases.
EMMA Capital, an investment management company, agreed to acquire a 20% stake in the Central and Eastern Europe operations of Entain, a sports betting and gambling company, for €425m ($483m), according to press releases.
Entain is advised by Merrill Lynch International, Moelis & Co, Morgan Stanley and Sodali & Co (led by Rob Greening), according to press releases.
Bain Capital, a private investment firm, agreed to acquire a 51% stake in Everllence, a German manufacturer of large diesel engines and turbomachinery, from Volkswagen, a Germany-based multinational automotive company, for €7.4bn ($8.4bn), according to press releases.
Mutares, a private equity investor, agreed to acquire the Acrylate Monomers business from Synthomer, a supplier of high-performance, highly specialised polymers and ingredients, according to press releases. Financial terms were not disclosed.
Mutares is advised by CROSS ALLIANCE communication (led by Susan Hoffmeister). Synthomer is advised by FTI Consulting (led by Nick Hasell), according to press releases.
LDC, a UK-based private equity firm, completed the investment in Nu-Style, an Aberdeen-based manufacturer specializing in laminate products and wall panels. Financial terms were not disclosed.
LDC was advised by RSM International and Burness Paull. Debt financing was provided by Virgin Money, according to press releases.
Obayashi, a Japanese construction company, agreed to acquire Multiplex, a company operating construction businesses, from Brookfield Business Corporation, the flagship listed private equity vehicle of Brookfield Asset Management, for $650m, according to press releases.
Brookfield is advised by Jefferies & Company, according to MergerLinks data.
August Equity-backed Fargo Group, a developer of transport and yard management software for the freight and intermodal industry, completed the acquisition of IXOLUTION, a European player in the field of transport automation, according to press releases. Financial terms were not disclosed.
A consortium of investors including Fidelity Management & Research Company, Temasek, Walden Catalyst Ventures, Innovation Industries, M&G Investments, and Invest-NL led a $380m Series D round in Nearfield Instruments, an advanced semiconductor 3D metrology and process control firm, with participation from Qatar Investment Authority, TNO Ventures and ING, according to press releases.
Nearfield Instruments was advised by FleishmanHillard, according to press releases.
Bicycle Capital, an investment firm, and Group 11, a venture capital firm, led a $260m funding round in Dream, a sovereign AI and cyber defense company, with participation from Antler, Bain Capital Ventures and Tru Arrow Partners, according to press releases.
Dream was advised by Number 10 Strategies (led by Raoul Wootliff), according to press releases.
Jeito Capital, an investment firm, and Sofinnova Partners, a venture capital company, led a $165m Series A round in Bionyra Pharma, a clinical-stage biopharmaceutical company developing next-generation biologics for severe immunological and inflammatory diseases, with participation from Arkin Bio, Sanofi Ventures, Sixty Degree Capital, Vives Partners and Apollo Health Ventures, according to press releases.
Sofinnova Partners was advised by Linnden Communications, according to press releases.
Hessaire Products, a provider of evaporative coolers and mini-split heat pumps, completed the acquisition of PennBarry, a designer and manufacturer of ventilation solutions for industrial and commercial markets, from Truelink Capital-backed Air Distribution Technologies, a provider of innovative air distribution and ventilation solutions for residential and non-residential buildings, according to press releases. Financial terms were not disclosed.
Macquarie Asset Management, an Australian financial services group, and Asterion Industrial Partners, an investment management company, completed a £300m ($397m) investment in Southern Water, a utility provider delivering water supply and wastewater treatment services, according to press releases.
Investcorp, a global alternative investment firm, agreed to acquire a majority stake in Smart Managed Solutions, a fast-growing UK provider of mechanical and electrical facilities management services, according to press releases. Financial terms were not disclosed.
easyJet rebuffs Castlelake bid that’s well above share price. ( Bloomberg)
easyJet has rejected three takeover proposals from private equity firm Castlelake, prompting the investor to take its latest offer directly to shareholders. The bid values the airline at about £4.74bn ($6.3bn).
Castlelake’s most recent proposal of £6.25 ($8.28) per share remains above easyJet’s current trading level, though the market discount suggests skepticism over whether a transaction will proceed. The situation remains ongoing and non‑binding, with no agreement reached.
Germany's Uniper draws interest from around 10 bidders. ( Bloomberg)
KKR, Japan's Jera and Canadian pension fund Caisse de dépôt et placement du Québec are among the bidders for state-owned Uniper, taking the field to around 10.
The new names emerged ahead of last Friday's bid deadline, joining Equinor, RWE and a Brookfield-led consortium with Canada Pension Plan Investment Board.
Brookfield leading bidding for Drahi's XpFibre business. ( Bloomberg)
Brookfield Asset Management is emerging as the frontrunner to acquire a controlling stake in Patrick Drahi's French fiber optic company XpFibre. The New York-based investment firm has pulled ahead of rival bidders.
Brookfield is in advanced negotiations on terms of a potential deal and could reach an agreement in the coming weeks.
Newcastle United explored Arctos investment in club and stadium. ( Bloomberg)
Newcastle United has held discussions with KKR-owned Arctos Partners about a potential investment in the Premier League club and its stadium.
The discussions remain at an early stage, and Newcastle has also approached other sports investors about possible backing.
EG Group confidentially files for $1bn US IPO at $9bn valuation. ( Bloomberg)
EG Group, the gas station and convenience store operator backed by buyout firm TDR Capital, has confidentially filed for a US IPO that could raise about $1bn.
The company is considering seeking a valuation of about $9bn in the IPO, with the listing potentially coming as soon as this year.
Abu Dhabi's MGX raises about $50bn to accelerate Al deals. ( Bloomberg)
Abu Dhabi’s MGX has raised nearly $50bn from regional and international investors to accelerate investments in artificial intelligence infrastructure and technology.
The capital was secured from sovereign wealth funds in the Gulf, alongside global pension funds and other large institutional investors, strengthening MGX’s position as a major backer of AI-related projects.
Europe’s original first check investor Seedcamp raises $320m. ( Press Reelase)
Seedcamp has raised $320m across two new funds, including a $220m core fund and a $100m follow‑on vehicle, as the European venture capital firm continues backing early‑stage technology companies. The firm is one of Europe’s earliest investors in startups such as Revolut, Wise, and UiPath.
The new funds will focus on early‑stage investments and supporting portfolio companies through later rounds, alongside an expansion of Seedcamp’s US presence. The raise underscores continued investor interest in European tech venture capital, particularly in areas such as AI, robotics, and deeptech.
APAC
Kudu Investment Management, a private equity firm, completed an investment in Australian Financial Planning Group, a provider of personalised financial planning and wealth management services, according to press releases. Financial terms were not disclosed.
Australian Financial Planning Group was advised by PricewaterhouseCoopers and Johnson Winter Slattery. Kudu Investment Management was advised by MinterEllison and Newton Park PR (led by Margaret Kirch Cohen), according to press releases.
Blackstone plans $30bn investment in Japan AI data centres. ( DealStreetAsia)
Blackstone is planning to invest $30bn in Japan's AI data centres over the next three to five years, with discussions underway to develop facilities exceeding 1 gigawatt in the country.
The push reflects Blackstone's focus on AI infrastructure, with Japan's stable power supply and growing appetite for AI capacity offering a sizeable runway to deploy capital.
Hillhouse seeks $600m loan to fund DayOne investment. ( Bloomberg)
The three-year loan could carry an interest margin of 500 basis points over SOFR, with part of the borrowing also going toward refinancing debt raised by Hillhouse for its previous DayOne investment.
BlackRock-backed AIP, KKR among suitors for Stack Asia data centres. ( Bloomberg)
The Artificial Intelligence Infrastructure Partnership and Brookfield Asset Management are among possible bidders for Stack Infrastructure's data centres in the Asia-Pacific region.
Other potential suitors include IFM Investors, KKR and DigitalBridge, which is being acquired by SoftBank. Stack has been gauging interest and is preparing to start a sale process as soon as July.
Healthcare investors GHO, CBC weigh new global fund to tap into Asia’s boom. ( WSJ)
Global Healthcare Opportunities and CBC Group are considering launching a global healthcare fund following their merger, as the combined firm looks to capitalize on Asia’s growing role as an innovation hub.
The newly merged group, which manages more than $21bn in assets, combines CBC’s Asia-Pacific expertise with GHO’s presence in Europe and North America, aiming to support life-science and healthcare companies expanding across regions.
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