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Top Highlights
Predictive Discovery, a gold exploration company, agreed to merge with Robex Resources, a gold production and development company, in a $1.5bn deal, according to press releases.
Robex is advised by Canaccord Genuity, Cormark Securities, Crux Law, Osler Hoskin & Harcourt, Peloton Legal, Simmons & Simmons, VECTOR Advisors (led by Sam Macpherson). Predictive Discovery is advised by BMO Capital Markets, GenCap Mining Advisory, SCP Resource Finance, Fasken, Herbert Smith Freehills Kramer and Burson Buchanan (led by Bobby Morse), according to press releases.
Capital Croissance, an investment company, completed the acquisition of a majority stake in Serapid, a provider of rigid chain technology used for heavy load handling, according to press releases. Financial terms were not disclosed.
IHC-backed PureHealth, a healthcare group in the Middle East, completed the acquisition of a 60% stake in Hellenic Healthcare, a private healthcare provider in Greece and Cyprus, from CVC, a private equity firm, for €800m ($930m), according to press releases.
PureHealth was advised by Chrysses Demetriades (led by Chrysses Demetriades and Constantinos Mavrellis), Karatzas & Partners (led by Anna K. Manda, Nikos Zachos, Olga Vinieri and Marina Sofia Chronaki), Freshfields Bruckhaus Deringer (led by Rhys Evans, Toby Halford, Charlotte Lewczynski and Jack Robb) and Edelman (led by Dhanya Issac, Issam Kassabieh and Ali Abdin). IHC was advised by Teneo. CVC was advised by Jefferies & Company, Bernitsas (led by Nikos Papachristopoulos) and Milbank (led by Lisa O'Neill, Apostolos Gkoutzinis and Lara Watt), according to press releases and MergerLinks data.
Deal Round up
AMERICAS
Dayforce's largest shareholder plans to vote against the proposed Thoma Bravo buyout. ( Reuters)
Cenovus sweetens offer for MEG in Canada oil takeover battle. ( Bloomberg)
EMEA
Marlin said to weigh $2bn sale of Swedish tech firm Medius. ( Bloomberg)
Al fintech Optasia targets the biggest South Africa IPO in 2025. ( Bloomberg)
APAC
Japan's second biggest IPO this year priced at top of range. ( Bloomberg)
Chinese optics firm is said to weigh Hong Kong listing. ( Bloomberg)
Temasek-backed Foundation Healthcare is said to mull Singapore IPO. ( Bloomberg)
EQT-backed Credila Financial is said to reassess IPO plans on US visa rules. ( Bloomberg)
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AMERICAS
Platinum Equity, an American private equity investment firm, agreed to acquire the products & healthcare services business of Owens & Minor, a global healthcare solutions company. Owens & Minor will retain a 5% equity stake in the business, according to press releases. Financial terms were not disclosed.
Platinum Equity is advised by Bank of America, Fifth Third Bancorp, Gibson Dunn & Crutcher and Willkie Farr & Gallagher. Owens & Minor is advised by Citigroup, Wells Fargo Securities, Kirkland & Ellis and Alpha IR (led by Jackie Marcus and Nicholas Teves), according to press releases.
Zimmer Biomet, a global medical technology company, completed the acquisition of Monogram Technologies, an orthopedic robotics company, for $177m, according to press releases.
Monogram was advised by Wells Fargo Securities, Duane Morris and MZ Group (led by Chris Tyson). Financial advisor was advised by Cravath Swaine & Moore (led by Minh Van Ngo). Zimmer was advised by Morgan Stanley, Hogan Lovells (led by Molly Mueller and Julia Wahl) and Joele Frank (led by Adam Pollack), according to press releases.
HGGC, a middle-market private equity firm, completed the investment in Sterling Brokers, a Canadian benefits brokerage and third-party administrator, according to press releases. Financial terms were not disclosed.
TopBuild, an installer and specialty distributor of insulation and building material products, completed the acquisition of Specialty Products & Insulation, a provider of bulk solutions for insulation and building materials, from Incline Equity Partners, a private equity firm, for $1bn, according to press releases.
Specialty Products & Insulation was advised by Piper Sandler and Kirkland & Ellis (led by Melanie Harmon). TopBuild was advised by Guggenheim Partners, JP Morgan and Jones Day (led by Benjamin Stulberg and Jared Hasson), according to press releases.
Northleaf Capital Partners-backed Provident Energy Management, an energy services company, completed the acquisition of PowerStream Energy Services, a Canadian utility sub-metering and billing solutions company, from Alectra Energy Services, a Canadian company providing turnkey energy solutions with a focus on electrification and sustainability, according to press releases. Financial terms were not disclosed.
Northleaf Capital Partners was advised by Torys and Prosek Partners. Alectra Energy Services was advised by RBC Capital Markets and Gowling WLG, according to press releases.
MannKind, a biopharmaceutical company, completed the acquisition of scPharmaceuticals, a clinical-stage pharmaceutical company focused on advancing cardiorenal care, for $360m, according to press releases.
scPharmaceuticals was advised by Leerink Partners and Latham & Watkins (led by Wesley C. Holmes). MannKind was advised by Jefferies & Company and Cooley (led by Brenden Rowook Park), according to press releases.
Clearlake Capital Group, a global investment firm, completed the investment in Constant Contact, a provider of digital marketing software for small businesses and nonprofits, according to press releases. Financial terms were not disclosed.
Clearlake was advised by Evercore, Paul Weiss Rifkind Wharton & Garrison (led by Matthew Goldstein), Proskauer Rose and Sidley Austin, according to press releases.
Platinum Equity-backed Peli BioThermal, a temperature-controlled logistics solutions provider, completed the acquisition of the cold chain logistics subsidiary of BioLife Solutions, a developer and supplier of cell processing tools for the cell and gene therapy market, for $25.5m, according to press releases.
Platinum Equity and Peli BioThermal were advised by Gibson Dunn & Crutcher. BioLife Solutions was advised by Alliance Advisors (led by Jody Cain), according to press releases.
Intercontinental Exchange, a provider of data and data services, completed the $2bn investment in Polymarket, an information markets platform, according to press releases.
Polymarket is advised by Gasthalter & Co (led by Carissa Felger), according to press releases.
Ingka Investments, the investment arm of Ingka Group, the IKEA retailer, completed the acquisition of Locus, a technology company engaged in providing AI-powered logistics and distribution solutions, according to press releases. Financial terms were not disclosed.
Ingka Investments was advised by Goldman Sachs, according to press releases.
Greenleaf Ventures-backed Aptiva Medical, a provider of continuous glucose monitoring systems, completed the acquisition of VeraMed Health, a provider of diabetic supplies, according to press releases. Financial terms were not disclosed.
AlphaSense, an intelligence and search platform, completed the acquisition of Carousel, an AI-powered assistant for Excel, according to press releases. Financial terms were not disclosed.
Dayforce's largest shareholder plans to vote against the proposed Thoma Bravo buyout. ( Reuters)
T. Rowe Price noted that Dayforce's stock has been weighed down by what it sees as misplaced concerns and investor focus on metrics that do not reflect the business’s underlying strength.
Cenovus sweetens offer for MEG in Canada oil takeover battle. ( Bloomberg)
Canada’s Cenovus Energy has raised its takeover bid for rival MEG Energy just one day before shareholders were set to vote, suggesting the original offer lacked sufficient support.
The revised cash-and-stock proposal values MEG at CAD29.80 ($21.35) per share, or CAD7.6bn ($5.4bn), a roughly 5% increase over the previous offer agreed to by MEG’s board in August.
EMEA
Partners Group, GIC, TPG Rise Climate and Mubadala, investment companies, completed the acquisition of Techem, an international provider of digitally enabled solutions for the real estate sector, according to press releases. Financial terms were not disclosed.
SoftBank, a multinational conglomerate holding company, agreed to acquire the robotics business of ABB, a global technology company specializing in electrification and automation, for $5.4bn, according to press releases
Duke Street, a European mid-market investor, agreed to acquire McAvoy, a provider of high-quality modular buildings and social infrastructure, from Blantyre Capital, a private equity firm, according to press releases. Financial terms were not disclosed.
Blantyre Capital is advised by Willkie Farr & Gallagher (led by Philip Coletto), according to press releases.
Marlin said to weigh $2bn sale of Swedish tech firm Medius. ( Bloomberg)
Marlin Equity Partners is weighing a potential sale of Swedish software company Medius, in a deal that could value the business at around $2bn. The firm, which focuses on investments in software and technology companies, is exploring options as interest in automation and finance software continues to grow globally.
Marlin is working with Evercore to prepare for the possible divestment, which could begin as early as the first quarter of next year. Deliberations are ongoing, and no final decisions have been made.
Al fintech Optasia targets the biggest South Africa IPO in 2025. ( Bloomberg)
Optasia, an artificial intelligence-driven financial-technology firm, plans to raise ZAR6.3bn ($365m) through a share sale in South Africa to fund acquisitions amid rising demand for digital finance.
The Dubai-based company, founded by Nigeria-born Lebanese entrepreneur Bassim Haidar, will raise ZAR1.3bn via an initial public offering in Johannesburg, with the founders offering ZAR5bn in a private placement. Morgan Stanley and Standard Bank Group have been hired to advise on the listing.
APAC
Helsing, a defence AI company, agreed to acquire Blue Ocean, a developer and operator of persistent remote autonomous solutions for the maritime domain, according to press releases. Financial terms were not disclosed.
Japan's second biggest IPO this year priced at top of range. ( Bloomberg)
Semiconductor material maker Tekscend Photomask priced its initial public offering at the top end of the marketed range on October 8, marking Japan’s second-largest listing so far this year amid strong investor demand for chip-related stocks.
The company sold shares at JPY3k ($19.64) each, according to a regulatory filing, after marketing them between JPY2.9k ($19) and JPY3k ($19.64) apiece. The offering underscores the ongoing appetite for semiconductor-sector plays as global chip investment continues to accelerate.
Chinese optics firm is said to weigh Hong Kong listing. ( Bloomberg)
Zhongji Innolight, a Chinese manufacturer of optical communication modules and devices, is exploring a potential listing in Hong Kong.
The Shandong-based company is working with advisers on the proposed offering. Discussions are at an early stage, and details including the size and timing of a possible listing remain under consideration.
Temasek-backed Foundation Healthcare is said to mull Singapore IPO. ( Bloomberg)
Foundation Healthcare, supported by Singapore investment firm Temasek Holdings, is considering an initial public offering that could value the medical group at over $1bn.
The Singapore-based company is engaging with potential financial advisers for a possible IPO in 2026. The offering could raise as much as $300m, though discussions are still at an early stage.
EQT-backed Credila Financial is said to reassess IPO plans on US visa rules. ( Bloomberg)
Credila, an Indian financial services company backed by private equity firm EQT, has delayed its planned initial public offering (IPO) following new US visa rules. The student loan provider had seen potential demand affected as the number of Indian students heading to the US dropped 46% in July year-on-year.
The IPO, initially aimed at raising up to INR50bn ($563m) through new and existing shares, is now expected before the end of the year. Discussions are ongoing, and no final decisions have been made.
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