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AMERICAS

Prime Infrastructure to acquire SierraCol Energy from Carlyle.

Prime Infrastructure, an infrastructure developer, agreed to acquire SierraCol Energy, an independent oil and gas exploration and production company, from Carlyle, a private equity company, according to press releases. Financial terms were not disclosed.

Prime Infrastructure is advised by Lenz & Staehelin (led by Simone Ehrsam) and Milbank. Carlyle is advised by Bank of America and Latham & Watkins (led by Nick Cline), according to press releases.

Radial Equity Partners completes the investment in Thomas Precision Machining.

Radial Equity Partners, a private equity firm, completed the investment in Thomas Precision Machining, a provider of replacement parts, service and equipment for industrial processing applications, primarily serving the protein and food processing industries, according to press releases. Financial terms were not disclosed.

Thomas Precision Machining was advised by Origin Merchant Partners. Radial Equity Partners was advised by Stout Capital and Jones Day (led by Lisa Lathrop), according to press releases.

Freedom Mortgage to acquire Seneca Mortgage Servicing from EJF Capital.

Freedom Mortgage, a mortgage‑lending company providing residential and commercial loan products, agreed to acquire Seneca Mortgage Servicing, a licensed mortgage servicer, from EJF Capital, a consulting firm, according to press releases. Financial terms are not disclosed.

EJF Capital is advised by Piper Sandler and Gasthalter & Co (led by Deanna Spaulding), according to press releases.

TRANSTEX completes the acquisition of FleetAero assets of Knight-Swift Transportation.

TRANSTEX, a cleantech engineering company developing emission‑reduction solutions for the transportation sector, completed the acquisition of FleetAero assets of Knight-Swift Transportation, a provider of truckload and logistics services, according to press releases. Financial terms were not disclosed.

Tilray Brands to acquire key US assets from BrewDog.

Tilray Brands, a beverage platform with a diverse portfolio of award-winning craft beers, spirits, non-alcoholic beverages and functional drinks, agreed to acquire key US assets from BrewDog, a multinational brewery and pub chain, according to press releases. Financial terms were not disclosed.

Canada Pension Plan Investment Board seeks to sell $1.5bn of Asia PE assets. (Bloomberg)

Canada Pension Plan Investment Board is preparing to sell around $1.5bn of its Asia private‑equity fund stakes. The pension fund began seeking advisers earlier in 2026 to help divest positions acquired in the mid‑2010s as it rebalances portfolio exposure.

The potential sale would reduce CPPIB’s commitments to older Asia vintages and streamline its private‑equity holdings. Discussions remain confidential, and no final decisions have been made.

Warner Bros' Oscar triumph a bittersweet moment as Paramount deal looms. (Reuters)

Warner Bros Discovery’s 11‑Oscar showing came as the studio awaits its $110bn acquisition by Paramount Skydance, following a bidding contest that also involved Netflix. Paramount CEO David Ellison, backed by Larry Ellison, secured the winning offer to merge the two historic studios, with the deal expected to deliver $6bn in cost savings and an equally split output of 30 films combined a year.

The consolidation comes as other major studios such as Netflix, NBCUniversal, A24, Walt Disney’s 20th Century Studios, and Apple competed across the awards slate. The Paramount–Warner Bros tie‑up marks one of the most significant Hollywood restructurings in recent years amid industry pressure from streaming, strikes, and rising production costs.

Asia’s DayOne Data Centers is nearing confidential filing for a US IPO. (Bloomberg)

DayOne Data Centers, a Singapore‑based operator, is nearing a confidential US IPO filing and may submit its draft registration to the US SEC as soon as this week. The planned listing would add to the wave of multibillion‑dollar data‑center deals driven by AI‑related demand.

No final decisions have been made, and the timeline could shift. The potential IPO underscores growing investor appetite for digital‑infrastructure providers as capacity expansion accelerates across the industry.

Senior housing REIT Janus Living seeks up to $740m in IPO. (Press Release)

Janus Living, a senior‑housing real estate investment trust, is seeking to raise $740m in a US IPO. The Denver‑based REIT plans to sell 37m shares at $18–$20 each.

At the top of the range, Janus Living would be valued at $5bn, based on the outstanding shares listed in the filing. The offering would be one of the largest REIT IPOs in the sector in recent years.

Wonder hires chief financial officer in preparation for IPO. (Bloomberg)

Wonder Group has hired Gabrielle Rabinovitch as its new chief financial officer as the food‑technology and delivery company prepares for an IPO as early as next spring. Rabinovitch previously served as CFO of Worldpay and will join Wonder on April 6 2026.

The company plans to double its locations in 2026 and increase automation across operations as it positions itself for public markets. Wonder continues expanding its hybrid food‑delivery and restaurant‑technology model ahead of the planned listing.

EMEA

Amplifon to acquire a hearing business from GN Store Nord for $2.6bn.

Amplifon, a global hearing care retailer, agreed to acquire a hearing business from GN Store Nord, a manufacturer of hearing aids, speakerphones, videobars and headsets, for $2.6bn, according to press releases.

GN Store is advised by PricewaterhouseCoopers, JP Morgan, Nordea Bank, Gianni & Origoni and Gorrissen Federspiel, according to press releases.

WisdomTree to acquire Atlantic House for £150m.

WisdomTree, a financial innovator offering a diverse suite of exchange-traded products, agreed to acquire Atlantic House, a derivatives‑focused investment manager, for £150m ($200m), according to press releases.

WisdomTree is advised by Goodwin Procter. Atlantic House is advised by Piper Sandler, DAC Beachcroft and Ogilvy & Wachtel, according to press releases.

German government rejects UniCredit takeover bid for Commerzbank. (Bloomberg)

Germany’s federal government has rejected UniCredit’s €35bn ($40bn) takeover attempt for Commerzbank, calling a potential hostile bid “unacceptable.” Finance ministry spokesman Maximilian Kall stated that the CDU/CSU–Social Democrat coalition continues to support Commerzbank’s strategy as an independent bank.

Kall added that any offer must still be evaluated by Commerzbank’s management and supervisory boards, but made clear the government does not support a foreign-led takeover. The remarks came after UniCredit signaled interest in acquiring the Frankfurt‑based lender.

Apollo in talks for stake in Syntegon at €4bn value. (Bloomberg)

Apollo Global Management is in advanced talks to acquire a significant minority stake in Syntegon, the German packaging‑machinery manufacturer owned by CVC Capital Partners. Apollo has moved ahead of other private‑equity bidders, with a decision possible in the coming days.

A deal is expected to value Syntegon at up to €4bn ($4.6bn), though final terms have not yet been agreed. The discussions remain private, and there is no certainty that a transaction will be completed.

APAC

Bain Capital to acquire the wealth management business of Perpetual for AUD550m.

Bain Capital, a private investment firm, agreed to acquire the wealth management business of Perpetual, a financial services company, for AUD550m ($384m), according to press releases.

Perpetual is advised by Barrenjoey Capital Partners, King & Wood Mallesons and Sodali & Co (led by Jon Snowball), according to press releases.

A group of investors led by LeapFrog Investments complete a $95m investment in ReNew Energy.

A group of investors led by LeapFrog Investments, a private investment firm, completed a $95m investment in ReNew Energy, a renewable energy company, according to press releases.

Sunway’s $2.8bn bid at risk as IJM board urges rejection. (Bloomberg)

Sunway’s MYR11bn ($2.8bn) takeover bid for IJM is in jeopardy after IJM’s board and its independent adviser, M&A Securities, urged shareholders to reject the offer. In a circular to the Malaysian stock exchange, IJM stated the proposal was “not fair and not reasonable,” with the board unanimously recommending against accepting the bid.

The pushback adds uncertainty around one of Malaysia’s largest ongoing M&A proposals, with analysts split on how investors should react.

Ant nears approval for Hong Kong brokerage acquisition. (Bloomberg)

Ant Group is close to securing regulatory approval for its acquisition of Hong Kong‑listed Bright Smart Securities & Commodities Group. The deal was agreed on April 25, 2025, but has been awaiting sign‑off from authorities.

Approval from mainland Chinese regulators is now said to be imminent, though no final decision has been formally announced. The acquisition would expand Ant’s licensed financial‑services footprint in Hong Kong.

LVMH-backed private equity firm targets $313m Japan deals. (Bloomberg)

L Catterton, the private‑equity firm backed by LVMH, plans to invest about JPY50bn ($313m) in five Japanese consumer companies over the next three years. The firm will deploy a mix of equity and debt.

The investments will target sectors where L Catterton is active globally, including cosmetics, food, pet care, and restaurants. The firm has roughly JPY50bn ($313m) in available deal capacity for the strategy.

GIC mulls several hundred billion yen Tokyo property sale. (Bloomberg)

GIC is considering selling its stake in the office portion of Pacific Century Place Marunouchi in central Tokyo, a package expected to fetch several hundred billion JPY. The Singapore sovereign wealth fund plans to market floors 8 to 31 of the building.

GIC originally acquired the asset in 2014 for about JPY180bn ($1.1bn) from Secured Capital Investment Management, then backed by PAG. Discussions are preliminary, and no sale process has formally begun.

Baidu-backed BioMap to confidentially file for HK IPO. (Bloomberg)

BioMap Beijing Intelligent Technology, an AI‑driven life‑sciences startup backed by Baidu, has confidentially filed for a Hong Kong IPO that could raise several hundred million dollars in 2026.

The company is working with China International Capital, Morgan Stanley, and UBS on the offering. Details on size and timing remain under discussion.

Walmart’s PhonePe halts India IPO plan as market slump deepens. (Bloomberg)

Walmart-backed PhonePe has postponed its planned India IPO, becoming one of the first major Indian issuers to halt a listing amid worsening global markets and geopolitical uncertainty.

The Bengaluru‑based fintech added that it will resume IPO preparations once market conditions stabilize, delaying what was expected to be one of India’s largest upcoming offerings.

Reliance is working with six banks on Jio’s planned India IPO. (Bloomberg)

Reliance Industries is working with six banks: BofA Securities, Citigroup, Goldman Sachs, JM Financial, Kotak Mahindra Capital, and Morgan Stanley to prepare the planned India IPO of its telecom arm Jio Platforms.

The listing is expected to be one of India’s largest upcoming offerings, with additional advisers likely to be added. Details on timing and valuation have not yet been finalized as discussions remain private.

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