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AMERICAS
Hyatt Hotels has secured all necessary regulatory approvals for its planned acquisition of Playa Hotels & Resorts. The deal involves a cash tender offer for all outstanding Playa for $2.6bn. The offer follows a purchase agreement signed on February 9, 2025, according to press releases.
Playa Hotels & Resorts is advised by PJT Partners, Hogan Lovells (led by Katherine Keeley and Michael Mctiernan), NautaDutilh and Joele Frank (led by Andrew B. Siegel). Hyatt Hotels is advised by Berkadia Real Estate Advisors, BDT & MSD Partners, Bank of America, JP Morgan, Wells Fargo Securities, Latham & Watkins (led by Michael Pucker and Jonathan P. Solomon), Loyens & Loeff, FGS Global (led by Stephen Pettibone and George Sard) and Georgeson. Debt financing is provided by Bank of America, JP Morgan and Wells Fargo Securities, according to press releases and MergerLinks data.
Madison Dearborn Partners, a private equity investment firm, completed the acquisition of a stake in NextGen Healthcare, a provider of innovative healthcare technology and data solutions, from Thoma Bravo, a software investment firm, according to press releases. Financial terms were not disclosed.
Madison Dearborn Partners was advised by Kirkland & Ellis (led by Mark Fennell and Justin L. Joffe) and ICR (led by Chuck Dohrenwend). NextGen Healthcare was advised by Evercore, JP Morgan, Morgan Stanley and Goodwin Procter. Thoma Bravo was advised by FGS Global (led by Liz Micci), according to press releases.
Ferrovial, a transport infrastructure and urban services company, and CPP Investments, a global investment management organization, completed the acquisition of a 5.06% stake in 407 ETR, an all-electronic, barrier-free, 400-series toll highway located in Canada, from AtkinsRéalis, an engineering, procurement and construction services provider, for CAD1.99bn ($1.45bn), according to press releases.
AtkinsRéalis was advised by RBC Capital Markets and Norton Rose Fulbrigh, according to press releases.
Pinewood, a cloud-based software provider, agreed to acquire a 51% stake in the North American joint venture from Lithia, a global automotive retailer, for $77m, according to press releases.
Pinewood is advised by Kroll and Jefferies & Company, according to press releases.
PetroReconcavo, an onshore oil and gas exploration and production operator, agreed to acquire a 50% stake in the midstream natural gas infrastructure assets from Brava Energia, an independent oil and gas company, for $65m, according to press releases.
PetroReconcavo is advised by Jefferies & Company, according to MergerLinks data.
Round13 Capital-backed RealServus, a Canadian real estate investment and technology platform, completed the acquisition of StreetCity Realty, a full-service, independent brokerage, according to press releases. Financial terms were not disclosed.
RealServus was advised by Kaiser & Partners, according to press releases.
Webster Equity Partners, a private equity firm, completed the investment in Penn Quarter Partners, a research and investigative advisory, according to press releases. Financial terms were not disclosed.
Penn Quarter was advised by Clearsight Advisors, according to MergerLinks data.
Marex, the diversified global financial services platform, agreed to acquire Agrinvest Commodities, a Brazilian agricultural commodities trading company, according to press releases. Financial terms were not discosed.
Marex is advised by FTI Consulting, according to press releases.
High Liner Foods, a North American processor and marketer of value-added frozen seafood, agreed to acquire Van de Kamp's and Mrs. Paul's brands from Conagra Brands, a manufacturer and marketer of packaged foods, for $55m, according to press releases.
NETGEAR, a global intelligent networking solutions provider, agreed to acquire Exium, a cybersecurity company, according to press releases. Financial terms were not disclosed.
OneSpan, a publicly traded cybersecurity technology company, completed the acquisition of Nok Nok Labs, a provider of FIDO passwordless software authentication solutions, according to press releases. Financial terms were not disclosed.
Specialty Program Group-backed Monarch E&S, a provider of a range of insurance products and services, completed the acquisition of Market Finders, a managing general agency that specializes in excess & surplus/specialty insurance lines, according to press releases. Financial terms were not disclosed.
BCMI, a cloud-based, mobile software company, agreed to merge with XBE, a comprehensive integrated platform, according to press releases. Financial terms were not disclosed.
Argent Institutional Trust Company, a financial institution, agreed to acquire the corporate trust and institutional custody business from Huntington, an American bank holding company, according to press releases. Financial terms were not disclosed.
Genpact, a global advanced technology services and solutions company, completed the acquisition of XponentL Data, a data products and artificial intelligence solutions provider, according to press releases. Financial terms were not disclosed.
Sterling Investment Partners-backed Verdantas, a digitally enabled technical consulting solutions for the environment, completed the acquisition of Surf to Snow, a full-service environmental consulting firm, according to press releases. Financial terms were not disclosed.
Populous, a design firm specializing in sport and entertainment venues, completed the acquisition of Fentress Architects, a global design firm that specializes in creating sustainable and iconic architecture, according to press releases. Financial terms were not disclosed.
Gemini files confidentially for IPO following Circle’s market debut. ( Bloomberg)
Cryptocurrency exchange Gemini, founded by the Winklevoss twins, has confidentially filed for an initial public offering with the US Securities and Exchange Commission.
The move comes shortly after the high-profile public debut of Circle Internet Group, the issuer of the USDC stablecoin, highlighting growing momentum in the crypto sector's push toward mainstream financial markets.
EMEA
AEQUITA, an industrial group, agreed to acquire selected olefins & polyolefins assets from LyondellBasell, a chemical company, according to press releases. Financial terms were not disclosed.
LyondellBasell is advised by Citigroup, JP Morgan and Linklaters (led by Chris Staples and Namrata Shah), according to MergerLinks data and press releases.
The Generation Essentials Group, a global media and entertainment company, went public via a SPAC merger with Black Spade Acquisition II, a special purpose acquisition company, in a $488m deal, according to press releases.
Generation Essentials was advised by Skadden Arps Slate Meagher & Flom (led by Shu Du). Black Spade was advised by Latham & Watkins (led by Sharon Lau and Stacey Wong), according to MergerLinks data and press releases.
Miami International, a global financial exchanges and execution services operator, completed the acquisition of the remaining 70.54% stake in The International Stock Exchange, a financial markets and securities services provider, for £50m ($67m), according to press releases.
The International Stock Exchange was advised by Ashurst (led by Tom Mercer), Investec and Walkers. Miami International Holdings was advised by Zeus Capital, Mourant Ozannes and Reed Smith, according to press releases.
Qualcomm, a wireless telecommunication products and services provider, completed the acquisition of Autotalks, a direct vehicle-to-everything communication solutions provider, according to press releases. Financial terms were not disclosed.
Qualcomm was advised by Paul Weiss Rifkind Wharton & Garrison (led Scott Andrew Sher), according to MergerLinks data and press releases.
Fever, a global live-entertainment discovery tech platform, completed the acquisition of DICE, a ticketing software company, according to press releases. Financial terms were not disclosed.
Fever was advised by Davis Polk & Wardwell (led by Will Pearce), according to MergerLinks data and press releases.
Sunridge Partners, a private equity firm, completed the acquisition of a majority stake in Marín Giménez, a food processing company, according to press releases. Financial terms were not disclosed.
Marín Giménez was advised by Arcano Partners, according to MergerLinks data and press releases.
Ryan, a technology-driven tax services firm, completed the acquisition of Inspired, a tax advisory and compliance services firm specializing in research and development, capital allowances, and patent box incentives, according to press releases. Financial terms were not disclosed.
Servicepower Technologies, a service management software company, completed the acquisition of PlusOne Solutions, a provider of background screening and contractor compliance solutions, according to press releases. Financial terms were not disclosed.
Fiserv, a global provider of payments and financial services technology, agreed to acquire the remaining 49.9% stake in AIB Merchant Services, a provider of payment solutions, from AIB Group, a commercial bank in the Republic of Ireland, according to press releases. Financial terms were not disclosed.
Telefonica and MasOrange explore possible deal for Vodafone Spain. ( Bloomberg)
Telefonica and Masorange have reportedly engaged in preliminary discussions regarding a potential acquisition of Vodafone Spain. The talks, though informal at this stage, suggest a possible consolidation move within Spain’s telecommunications sector, which has seen growing interest in strategic realignment among key players.
To navigate potential antitrust hurdles, one option under consideration involves dividing Vodafone Spain’s assets, separating its fixed-line services from mobile or enterprise operations. Additionally, MasOrange may be positioned to acquire Vodafone’s budget-friendly brand, Lowi, as part of the broader transaction.
APAC
Carl Zeiss Vision, an optical goods provider, agreed to acquire Brighten Optix, a manufacturer of rigid contact lenses, according to press releases. Financial terms were not disclosed.
Carl Zeiss is advised by Morgan Stanley, according to MergerLinks data.
Indonesia’s Danantara eyes stake in potential Grab-GoTo merger. ( Bloomberg)
Danantara has initiated early talks with GoTo about acquiring a minority stake in the merged entity. This move would provide Indonesia with continued economic interest in one of its leading tech firms, should ownership shift primarily to Singapore-based Grab.
Apple taps Tata Group for device repairs in India. ( Reuters)
Apple has enlisted India’s Tata Group to manage repairs for iPhones and MacBook devices across the country. This move highlights Apple's strategic pivot to strengthen its operations in India, one of its fastest-growing markets, and signals a broader shift in its global supply chain away from overreliance on China.
Tata Group has already established itself as a crucial player in Apple’s ecosystem, assembling iPhones at three manufacturing facilities in southern India, including one that produces key components. With this expanded role in device servicing, Tata’s integration into Apple’s supply chain deepens further, reflecting both companies' long-term investment in scaling operations within India’s growing tech landscape.
Bajaj Finserv's top shareholders sell 1.9% stake for $643m stake. (mint)
Jamnalal Sons and Bajaj Holdings & Investment, both part of non-banking financial services company Bajaj Finserv's promoter group, are slated to offload up to 31m shares, representing a 1.9% stake in the company, via block deals.
The indicative floor price for this deal is set at $21.9 per equity share, which implies a 3.3% discount to June 5’s closing price of $22.7 on the BSE.
Miniso evaluates spin-off IPO for TOP TOY brand. ( Reuters)
Miniso Group, the Chinese lifestyle retailer, has announced that it is conducting a preliminary assessment regarding a potential spin-off listing of its pop culture toy brand, TOP TOY. There is no guarantee the spin-off will proceed, underlining the tentative nature of the plan.
Miniso has enlisted the services of JP Morgan and UBS Group to prepare for the initial public offering of the TOP TOY unit in Hong Kong.
HealthKois launches $300m fund to transform India’s healthcare landscape. ( Indiamed)
HealthKois, an India healthcare transformation fund, has launched with a target corpus of $300m, and an additional green shoe option of $100m.
Over the next four years, the firm will invest between $7m to $25m per company in early growth-stage businesses operating across healthtech, life sciences, medtech, healthcare delivery and climate health. The fund is focused on supporting companies that offer robust operational scalability, demonstrable clinical outcomes, and sustainable infrastructure solutions.
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