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AMERICAS
Apollo to acquire Emerald from Onex for $1.5bn.
Apollo, an alternative investment manager, agreed to acquire Emerald, a B2B events and media company, from Onex, an investment company, for $1.5bn, according to press releases.
Apollo is advised by PJT Partners, RAN Advisory, RBC Capital Markets, Joele Frank (led by Kate Thompson) and Sidley Austin. Onex is advised by Solomon Partners and William Blair & Co. Emerald is advised by Goldman Sachs and Fried Frank Harris Shriver & Jacobson, according to press releases and MergerLinks data.
Branford Castle-backed Lafayette Instrument, a manufacturer of scientific instrumentation and data acquisition equipment, completed the acquisition of Sutter Instrument, a provider of precision scientific instruments, according to press releases. Financial terms were not disclosed.
Sutter Instrument was advised by EC M&A and Donahue Fitzgerald. Branford Castle Partners was advised by RSM International, Akerman and Llorente Y Cuenca (LLYC) led by ( Jennifer Hurson and Joanne Lessner). Debt financing was provided by Brookside Capital Partners and Byline Bank, according to press releases.
Stonepeak, a private equity firm, agreed to acquire the Transportation and Vendor Finance businesses of BMO Financial Group, the eighth largest bank in North America by assets, according to press releases. Financial terms were not disclosed.
Stonepeak is advised by Blake Cassels & Graydon and Skadden Arps Slate Meagher & Flom (led by Jeffrey Brill and Michael Reed). BMO is advised by BMO Capital Markets, Bank of America, Osler Hoskin & Harcourt, Sullivan & Cromwell, according to press releases and MergerLinks data.
Sunstone Partners, a growth-oriented private equity firm, completed the investment in Peloton Consulting Group, a management consulting and professional services firm, according to press releases. Financial terms were not disclosed.
Sunstone Partners was advised by Houlihan Lokey, BrightTower (led by Remy Lundy and Sam Barthelme) and Choate Hall & Stewart. Debt financing was provided by Crescent Capital Group. Peloton Consulting Group was advised by Guggenheim Partners and Cooley, according to press releases and MergerLinks data.
Satair, an aviation parts and services company, completed the acquisition of Unical Aviation, a global provider of aerospace aftermarket solutions, and ecube, which engages in aircraft storage, disassembly, and transition services, from Platinum Equity, a private equity firm, according to press releases. Financial terms are not disclosed.
Unical Aviation was advised by Fifth Third Securities, Houlihan Lokey, Jefferies & Company and Reed Smith. Airbus was advised by JP Morgan and Gibson Dunn & Crutcher (led by Saee Muzumdar), according to press releases and MergerLinks data.
Blackstone Tactical Opportunities, a specialized investment platform, and Halliburton Company, a global provider of products and services to the energy industry, agreed to invest $1bn in VoltaGrid, a Texas-based company specializing in engineered power solutions for remote and grid-paralleling applications, according to press releases.
Blackstone is advised by Lazard, Morgan Stanley and Simpson Thacher & Bartlett. VoltaGrid is advised by Goldman Sachs, Kirkland & Ellis and Sidley Austin, according to press releases.
Presidio, a yield-focused, differentiated oil and gas operator, agreed to acquire the Canyon Creek assets from Vortus Investments-led seller group, for $83m, according to press releases.
Presidio is advised by Opportune, Latham & Watkins and ICR. Vortus is advised by Akin Gump Strauss Hauer & Feld, Conner & Winters and Holland & Knight, according to MergerLinks data and press releases.
Apollo, an alternative investment manager, agreed to acquire Questex, a US-based information and events company, according to press releases. Financial terms were not disclosed.
Apollo is advised by PJT Partners, RAN Advisory, RBC Capital Markets and Sidley Austin. Questex is advised by Gibson Dunn & Crutcher, according to press releases.
GI Partners, a private equity firm, completed the acquisition of the CDMO and Cell Solutions businesses from Charles River, a pharmaceutical and biotechnology contract research organisation, according to press releases. Financial terms were not disclosed.
GI Partners was advised by Moelis & Co, Ropes & Gray (led by Elizabeth Gallucci) and Joele Frank (led by Kate Thompson). Charles River was advised by JP Morgan, according to MergerLinks data and press releases.
Dominus Capital-backed Seaga Manufacturing, an automated retail and intelligent inventory control solutions provider, completed the acquisition of Three Square Market, a provider of micro-market solutions to vending operators, from Cantaloupe, a digital payments and software company, according to press releases. Financial terms were not disclosed.
Three Square Market was advised by KPMG. Seaga Manufacturing was advised by Holland & Knight. Cantaloupe was advised by Weil Gotshal and Manges (led by James Griffin), according to MergerLinks data and press releases.
Quad-C Management, a private equity firm, completed the investment in Thibaut, a wallpaper and wallcovering company, according to press releases. Financial terms were not disclosed.
Quad-C Management was advised by Robert W Baird and White & Case. Thibaut was advised by William Blair & Co and Jones Day, according to press releases.
Apollo Global Management, an American asset management firm, completed the acquisition of a majority stake in Noble Environmental, a US-based waste management and environmental services company, according to press releases. Financial terms were not disclosed.
Apollo Global Management was advised by Latham & Watkins. Noble Environmental was advised by Vinson & Elkins (led by Matt Falcone) and Guggenheim Partners, according to press releases and MergerLinks data.
Bain Capital-backed Rocket Software, a privately held software development company, completed the acquisition of Vertica, a part of Open Text's non-core Analytics portfolio, from OpenText, a global software company, for $150m, according to press releases.
Open Text was advised by Goldman Sachs and Skadden Arps Slate Meagher & Flom (led by Christopher Barlow), according to MergerLinks data and press releases.
Strategic Value Partners, a global alternative investment firm, completed the acquisition of a majority stake in New Frontera, a 530-megawatt natural gas-fired combined-cycle generation facility, according to press releases. Financial terms were not disclosed.
New Frontera was advised by Houlihan Lokey. SVP was advised by Davis Polk & Wardwell (led by Darren M. Schweiger), according to MergerLinks data and press releases.
Index Ventures, a venture capital firm, led a $275m Series B round in Cowboy Space, a US-based space infrastructure company, with participation from IVP, Blossom Capital, SAIC, Breakthrough Energy Ventures, Construct Capital, Andreessen Horowitz, NEA, Interlagos and Baiju Bhatt, according to press releases.
Cowboy Space was advised by SBS Comms, according to press releases.
LLCP-backed Blue Ridge Associates, a provider of tech-enabled administration and compliance solutions for employer-sponsored ESOP and qualified retirement plan benefits, completed the acquisition of Economic Group Pension Services, a retirement plan services firm, according to press releases. Financial terms were not disclosed.
WPCG-backed MCF Advisors, a company specializing in wealth management and financial planning, completed the acquisition of Hoff Bujnoch & Associates, a firm focused on planning‑led and relationship‑driven wealth advisory services, according to press releases. Financial terms were not disclosed.
Sundance Growth-backed Orbweaver, an enterprise-grade data automation and supply chain integration software provider, completed the acquisition of Budde Marketing Systems, a provider of POS data management and channel analytics services, according to press releases. Financial terms were not disclosed.
Main Capital Partners, a private equity firm, completed the acquisition of a majority stake in Agenium, an insurance technology platform focused on digitizing and optimizing the end-to-end application, according to press releases. Financial terms were not disclosed.
Fiserv, a global fintech and payments company, and Bridgeport Partners, a New York-based private equity and investment firm, agreed to form a joint venture, to combine their ATM and cash services businesses and drive growth, according to press releases. Financial terms were not disclosed.
TA Associates, a global private equity company, agreed to invest in Govineer Solutions, a provider of mission-critical software and payments solutions for local governments, according to press releases. Financial terms were not disclosed.
Kleiner Perkins, an American venture capital firm, led a $400m funding round in Mind Robotics, a technology company focused on intelligent robotics for industrial deployment, with participation from Meritech Capital, Redpoint Ventures, SV Angel, Incharge Capital, A-Star Capital, Garuda Ventures, Accel, Andreessen Horowitz, Eclipse, Prysm Capital, Bain Capital Ventures, and Greenoaks, according to press releases.
Apollo and Blackstone weigh $35bn Broadcom financing. ( Bloomberg)
Apollo and Blackstone are among lenders in talks with Broadcom over a roughly $35bn financing tied to AI chip development.
The transaction could become one of the largest private credit deals as demand for AI infrastructure funding accelerates.
Yahoo refinances $1.6bn of Apollo buyout debt. ( Bloomberg)
The company offered one of the year’s highest-yielding financings, including junk bonds priced at an 11% yield.
Wispr AI in funding talks at $2bn valuation. ( Bloomberg)
Wispr AI is in talks to raise about $260m in a new funding round that could value the AI dictation startup at $2bn.
Menlo Ventures is expected to lead the financing for the developer of the Wispr Flow voice dictation tool.
Blackstone REIT raises $1.75bn in IPO for data center acquisitions. ( Bloomberg)
Blackstone Digital Infrastructure Trust has raised $1.75bn in a US IPO as investor demand for AI infrastructure assets remains strong.
The REIT plans to acquire leased data center properties benefiting from growing artificial intelligence spending.
Compass ends Brazil’s nearly five-year IPO drought. ( Reuters)
Compass Gas e Energia has priced a BRL3.2bn ($650m) IPO, marking the first listing on Brazil’s B3 exchange since 2021.
Shares in the Cosan-controlled energy company were priced at BRL28 each ahead of trading.
Snowhawk announces final close of inaugural Digital Infrastructure Fund with approximately $1.3bn of total commitments. ( Press Release)
Snowhawk has closed its first fund, Snowhawk Capital Digital Opportunities Fund I, with about $1.3bn in commitments, including capital raised through separate deal‑level co‑investments.
The fund will invest in digital‑infrastructure assets and services across North America, focusing on control‑oriented investments in lower‑middle‑market companies that support cloud computing, artificial intelligence, connectivity and technology‑enabled services.
Onex seeks $1bn continuation fund for OneDigital stake. ( Bloomberg)
Onex is seeking to raise $1bn through a single-asset continuation fund to retain its minority stake in OneDigital for longer.
Evercore is advising on the process as private equity firms increasingly turn to the secondaries market for liquidity solutions.
S2G Investments closes $1bn Solutions Fund I to scale growth-stage companies across food & agriculture, energy, and oceans. ( Press Release)
S2G Investments has closed its first Solutions Fund with $1bn in commitments, targeting growth‑stage investments across food and agriculture, energy and ocean‑related sectors.
The fund attracted capital from a mix of institutional investors, including pension funds, funds of funds and family offices across North America, Europe, Asia and Australia.
CVC announces appointment of John Hourican as Chief Financial Officer. ( Press Release)
CVC Capital Partners has appointed John Hourican as chief financial officer and a member of the board, effective September 1, 2026. He will succeed Fred Watt, who is set to retire after nearly 20 years with the firm.
Hourican most recently served as chief executive of NewDay and previously held senior leadership roles at Bank of Cyprus, Royal Bank of Scotland and ABN AMRO Bank. He brings extensive experience across investment banking, retail banking and consumer finance.
EMEA
Goldman Sachs Alternatives, the alternative investments division of Goldman Sachs, completed the acquisition of FGI Worldwide, a provider of working capital financing and trade credit insurance solutions, according to press releases. Financial terms were not disclosed.
FGI was advised by Keefe Bruyette & Woods and Blank Rome. Goldman Sachs Alternatives was advised by Houlihan Lokey and Sidley Austin, according to press releases.
HIG Capital-backed Avanta Salud Integral, a Spain-based provider of occupational health and safety services, agreed to acquire Vitaly Group, a provider of occupational health and safety services in the Iberian Peninsula, according to press releases. Financial terms were not disclosed.
Vitaly Group is advised by Arcano Partners (led by Jorge Vasallo). HIG Capital and Avanta Salud Integral are advised by Paul Weiss Rifkind Wharton & Garrison (led by Roger Johnson and Hein Visser), according to MergerLinks data.
Hometree, a fast-growing UK-based residential energy services company, agreed to acquire the home services division, including the CORGI HomePlan, a UK-based provider of boiler, heating and home emergency insurance, and CORGI HomeHeat, a UK-based service specializing in the installation of A-rated, energy-efficient boilers, from OVO Energy, a major UK-based energy supplier. Following completion, Pollen Street, a London-based private alternative asset manager, will hold a majority stake in the combined Hometree platform, according to press releases. Financial terms were not disclosed.
Hometree is advised by Nomura Greentech. Pollen Street is advised by Paul Weiss Rifkind Wharton & Garrison (led by Oliver Marcuse and Stefan Arnold-Soulby), according to MergerLinks data.
Apis, an ESGI-native global private equity asset manager, and Aspirity, a pan-European private equity firm, completed a $175m investment in Paymentology, a cloud-native global issuer-processor, according to press releases.
Apis was advised by Camarco. Aspirity was advised by Burway (led by John Thompson), according to press releases.
Aspex Management, an investment management company, agreed to acquire an additional 5% stake in Delivery Hero, a delivery platform, from Prosus, a global consumer internet group, for €335m ($395m), according to press releases.
Prosus is advised by Investec, according to press releases.
Blackstone, a multinational private equity, alternative asset management, and financial services firm, agreed to acquire a majority stake in Skroutz, an e‑commerce platform, from CVC Capital Partners, a Luxembourg-based private equity and investment advisory firm, according to press releases. Financial terms were not disclosed.
Blackstone is advised by UBS, according to MergerLinks data.
Verdane, a growth investment firm, to acquire 50% stake in Telenor Connexion, a specialized subsidiary focusing on providing global managed internet of things connectivity and cloud services, from Telenor Group, a Norwegian majority state-owned multinational telecommunications company, for SEK3.75bn ($406m), according to press releases.
Lone Star Funds, a private equity firm, completed the acquisition of DOMO Engineered Materials of DOMO, a producer of engineered nylon materials, according to press releases. Financial terms are not disclosed.
Thrive Capital, an American venture capital firm, led a $2.1bn Series B funding round in Isomorphic Labs, a British multinational artificial intelligence company, with participation from Alphabet, GV, MGX, Temasek, CapitalG and the UK Sovereign AI Fund, according to press releases.
Balderton Capital Growth, a UK-based investment firm, led a $70m Series B round in Grand Games, an Istanbul‑based mobile gaming studio, with participation from Bek Ventures, Laton Ventures and angel investor Mert Gur.
UK's Intertek set to back $12.7bn EQT takeover bid after investor pressure. ( Reuters)
Intertek said it is prepared to recommend a £9.4bn ($12.7bn) takeover proposal from Swedish private‑equity firm EQT after previously rejecting three bids and amid pressure from shareholders.
Shares in the product‑testing company rose as much as 8% to £57.20 ($77.5), their highest level in more than four years.
EQT taps Qatari funding as bids for €8bn VW unit near. ( Bloomberg)
EQT is seeking funding from the Qatar Investment Authority as it prepares a binding bid for Volkswagen’s large marine‑engine unit ahead of a deadline next month.
Volkswagen has asked bidders to submit the next round of offers for the Everllence business in early June. EQT is bidding as part of a consortium that includes the Qatar Investment Authority and Porsche Automobil Holding, both of which are major shareholders in Volkswagen.
Providence Equity considers acquisition of Gamma Communications. ( Bloomberg)
Gamma Communications has confirmed that Providence Equity Partners is among the parties exploring a potential acquisition of the London‑listed telecommunications services company.
The discussions are at a preliminary stage and there is no certainty that any offer will be made, Gamma said in a statement. The company added that it is continuing to engage with interested parties as part of the process.
Airbus and Blackstone to join €600m Quantum Systems funding round. ( Bloomberg)
Airbus and Blackstone are in talks to participate in a roughly €600m ($703m) funding round for German drone startup Quantum Systems.
The round could value the Peter Thiel-backed company at as much as €7bn ($8.2bn), with existing investor Balderton Capital also considering participation.
Innio files for US IPO amid data center spending boom. ( Bloomberg)
Advent-backed gas engine manufacturer Innio has filed for a US IPO as industrial companies seek to benefit from rising data center investment.
The company reported higher revenue alongside a quarterly loss in its filing with the US Securities and Exchange Commission.
APAC
Cloopen, a provider of cloud-based communications solutions, agreed to go public via SPAC merger with a consortium of investors including SpringX Holdings, AutumnX Holdings, Trustbridge Partners, Novo, Image Frame Investment, Parantoux Vintage and Flawless Success, in a $163m deal, according to press releases.
Cloopen is advised by Kroll, Hogan Lovells, King & Wood Mallesons and Maples Group. SpringX is advised by Han Kun, Harney Westwood & Riegels and Skadden Arps Slate Meagher & Flom, according to press releases.
Blackstone drops $4bn New World deal over control clash. ( Bloomberg)
Blackstone has withdrawn from a proposed $4bn transaction with New World Development after the Hong Kong property developer declined to relinquish control.
The decision brings an end to negotiations that had been under way for about a year and had slowed in recent months. Goldman Sachs advised Blackstone on the proposed transaction.
oOh!media gets rival $554m cash bid from I Squared. ( Bloomberg)
I Squared Capital has made an unsolicited, all‑cash bid for Australian outdoor‑advertising group oOh!media, valuing the company at AUD765.9m ($554m). The AUD1.45‑per‑share ($1.05) offer is non‑binding and conditional, and represents a 15% premium to oOh!media’s prior closing price.
The approach rivals an earlier AUD1.40‑per‑share ($1.01) non‑binding proposal submitted in April 2026 by Pacific Equity Partners, raising the prospect of a competitive takeover process. oOh!media has yet to indicate whether it is prepared to engage with either bidder, and there is no certainty that a transaction will proceed.
Bain and LY bid for Kakaku in challenge to EQT. ( Bloomberg)
Bain Capital and LY have submitted a joint offer to acquire Kakaku.com, launching a bidding war with EQT for the Japanese price comparison company.
LY is seeking synergies with Kakaku’s online comparison and restaurant review platforms as takeover interest intensifies.
Boyu Capital plans to raise $3bn for new China fund. (Bloomberg)
The private‑equity firm has begun approaching potential investors for the fund. The plans are at a preliminary stage and remain subject to change.
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