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AMERICAS

Strategic Storage Trust VI to merge with Strategic Storage Growth Trust III.

Strategic Storage Trust VI, a public non-traded REIT, agreed to merge with Strategic Storage Growth Trust III, a private self-storage REIT, according to press releases. Financial terms were not disclosed.

Strategic Storage Trust VI is advised by Robert A. Stanger & Co, Nelson Mullins Riley & Scarborough, Venable and Spotlight Marketing Communications (led by Julie Leber). Strategic Storage Growth Trust III is advised by KeyBanc Capital Markets, Bass Berry & Sims and Shapiro Sher Guinot & Sandler, according to press releases.

Bristow Group completes the acquisition of Berry Aviation from Acorn Capital Management for $105m.

Bristow Group, a global provider of innovative and sustainable vertical flight solutions, completed the acquisition of Berry Aviation, an American charter airline, from Acorn Capital Management, a private equity and alternative investment firm, for $105m, according to press releases/

Bristow Group was advised by Solomon Partners, Baker Botts and Joele Frank (led by Maggie Carangelo, Andrew B. Siegel and Lyle Weston). Acorn Capital Management was advised by KippsDeSanto & Co and McAfee & Taft, according to press releases and MergerLinks data.

Energage to merge with Engagedly.

Energage, the HR technology company, agreed to merge with Engagedly, a developer of performance management software, according to press releases. Financial terms were not disclosed.

Energage is advised by Fairmount Partners, DSK Legal and Troutman Pepper. Debt financing is provided by Western Alliance Bank. Engagedly is advised by Drake Star Partners, according to press releases.

Global Infrastructure Partners to acquire Summit Ridge Energy.

Global Infrastructure Partners, an infrastructure investment fund, agreed to acquire Summit Ridge Energy, the nation’s commercial solar company, according to press releases. Financial terms were not disclosed.

Global Infrastructure Partners is advised by Marathon Capital and Simpson Thacher & Bartlett. Summit Ridge Energy is advised by Citigroup and Saul Ewing Arnstein & Lehr, according to press releases.

CSI completes the acquisition of Qolo.

CSI, a provider of financial technology and regulatory compliance solutions, completed the acquisition of Qolo, a fintech provider of modern treasury solutions and payments infrastructure, according to press releases. Financial terms were not disclosed.

CSI was advised by Walker Sands Communications (led by Kiley Ribordy). Qolo was advised by D.A. Davidson & Co and Cooley, according to press releases.

ACR completes the acquisition of RediBagUSA.

ACR, a provider of foodservice essentials and operational supplies, completed the acquisition of RediBagUSA, a supplier of reusable retail bags, high-quality paper products, and sustainable packaging solutions, according to press releases. Financial terms were not disclosed.

ACR was advised by Greenberg Traurig. RediBagUSA was advised by PMCF and Bodman, according to press releases.

Thrust Capital Partners completes the acquisition of Alphacasting.

Thrust Capital Partners, a buyout private equity firm, completed the acquisition of Alphacasting, a precision titanium and aluminium investment casting company, according to press releases. Financial terms were not disclosed.

Thrust Capital Partners was advised by Norton Rose Fulbright. Alphacasting was advised by MNP Corporate Finance and Spiegel Ryan, according to press releases.

KKR to acquire a 51% stake in the Global Print business of Thomson Reuters for $500m.

KKR agreed to acquire a 51% stake in the Global Print business of Thomson Reuters, a content and technology company serving professional markets, for $500m, according to press release.

Thomson Reuters is advised by Centerview Partners, according to MergerLinks data and press releases.

Toyota and Deviation Capital led a $300m funding round in Walden Robotics.

Toyota, a Japanese multinational automotive manufacturer, and Deviation Capital, an early-stage venture capital firm, led a $300m funding round in Walden Robotics, a full-stack physical AI company building and deploying general-purpose robots, with participation from NVIDIA, Boeing, AE Ventures, Samsung Ventures, Prologis Ventures, CoreWeave Ventures, Calibrate Ventures, Colle Capital, Shine Capital, NextView Ventures, Squarepoint Capital, One Madison Group, KAS Venture Partners, Menlo Ventures and others, according to press releases.

Walden Robotics was advised by COMMAND Public Relations (led by Chelsea Allison), according to press releases.

Motorola Solutions led a $125m round in BRINC.

Motorola Solutions, a public safety and enterprise security technology company, led a $125m round in BRINC, a safety drone technology company, with participation from Index Ventures and Dylan Field, according to press release.

Motorola Solutions was advised by Joele Frank, according to MergerLinks data and press releases.

Railmark completes the acquisition of Katahdin Railcar Services.

Railmark, an American rail industry holding company, completed the acquisition of Katahdin Railcar Services, a certified AAR railcar and tank car repair company, according to press releases. Financial terms were not disclosed.

Railmark was advised by BMO Capital Markets, according to press releases.

AmeriWater completes the acquisition of Med Water Systems.

AmeriWater, a medical water treatment company, completed the acquisition of Med Water Systems, a manufacturer of laboratory water purification systems, according to press releases. Financial terms were not disclosed.

Med Water Systems was advised by Bank of America, according to press releases.

Stripe, Advent offer to buy PayPal for more than $53bn. (Reuters)

Stripe and Advent International have submitted a joint offer to acquire PayPal for $60.50 per share, valuing the payments company at more than $53bn. The proposal is backed by about $50bn in committed financing and represents a premium of roughly 28% to PayPal’s share price before news of the bid emerged.

The offer follows an initial approach made in April and envisions Stripe and Advent jointly owning PayPal with equal stakes. Discussions remain ongoing, and there is no certainty the proposal will result in a transaction.

Francisco nears $1.3bn deal for Thoma Bravo-backed construction software maker Command Alkon. (Bloomberg)

Francisco Partners is in advanced discussions to acquire a controlling stake in construction software provider Command Alkon in a deal that could value the company at up to $1.3bn. The transaction would underscore continued investor interest in sector-focused software businesses.

The private equity firm is negotiating to acquire Thoma Bravo’s 55% stake in Command Alkon. Heidelberg Materials owns the remaining 45%, having acquired its interest in 2021.

Lionsgate Studios attracts takeover interest from Bollore, Banijay. (Reuters)

Lionsgate Studios is exploring a potential sale and has attracted takeover interest from France’s Bolloré Group as consolidation accelerates across the media industry. The company has hired an investment bank to evaluate inbound approaches and strategic options.

Banijay has also considered a bid, though its focus remains on integrating All3Media following their recent merger. Discussions are ongoing, and there is no certainty that a transaction will be completed.

Lucid sinks on report EV maker considering strategic options. (Bloomberg)

Lucid Group shares fell sharply after a report indicated the electric vehicle maker is working with restructuring adviser AlixPartners and evaluating strategic options, including a potential take-private transaction.

The company confirmed it has engaged AlixPartners but denied reports suggesting it is preparing to file for bankruptcy protection.

SpaceX fizzles to close $1 above IPO price weeks after debut. (Bloomberg)

Space shares have fallen for three consecutive sessions, leaving the stock just above its $135 initial public offering price after the record-breaking listing in June 2026.

The shares closed at $136.08, down 2.2%, and have declined by about one-third from their post-IPO peak, erasing nearly $850bn in market value.

Greylock raises $1.5bn fund for early stage startups. (Bloomberg)

Greylock has raised its eighteenth venture capital fund, securing $1.5bn to back early-stage technology companies as investment in artificial intelligence continues to accelerate. The new vehicle reflects the firm's conviction that the next generation of high-growth businesses is still emerging.

The 61-year-old Silicon Valley investor expects AI-driven innovation to remain a major source of new company creation, building on its long history of backing technology startups.

EMEA

Inflexion to acquire Primed Group from Paragon Partners.

Inflexion, a private equity firm, agreed to acquire Primed Group, a provider of medical consumables and sterilisation services, from Paragon Partners, a DACH-focused private equity firm, according to press release. Financial terms were not disclosed.

Primed Group is advised by Roland Berger, ERM Group, EY Parthenon, William Blair & Co (led by Gareth Down, Dirk Felsmann and Brian Weinstein) and Clifford Chance (led by Mark Aschenbrenner and Volkmar Bruckner). Inflexion is advised by Latham & Watkins (led by Burc Hesse), according to MergerLinks data and press releases.

IDI-backed Groupe PLC completes the acquisition of Floralpina from Stags.

IDI-backed Groupe PLC, a French cosmetics and nutraceutical CDMO, completed the acquisition of Floralpina, a French specialist in dry-form food supplements, from Stags, a private equity firm, according to press release. Financial terms were not disclosed.

PLC was advised by Alvarez & Marsal (led by Donatien Chenu), Clipperton (led by Laurence de Rosamel), EY Parthenon (led by Frederic Fessart) and Hogan Lovells Cadwalader (led by Arnaud Deparday). Debt financing was provided by Caisse d'Epargne Loire Centre. Stags was advised by Vaughan (led by Marie-Helene Jan and Audrey Garnault), according to MergerLinks data and press releases.

SHS Capital to acquire a majority stake in Basic Pharma from BVP, Particon and Jacques Havermans.

SHS Capital, a private equity firm, agreed to acquire a majority stake in Basic Pharma, a Netherlands-based pharmaceutical developer and full-service CDMO, from private equity firms BVP, Particon and Jacques Havermans, according to press releases. Financial terms were not disclosed.

Basic Pharma is advised by Van Lanschot Kempen (led by Jan De Kerpel) and AKD. SHS Capital is advised by DeBreij, according to MergerLinks data and press releases.

UK watchdog clears eBay's planned acquisition of Depop from Etsy. (Reuters)

The UK Competition and Markets Authority has cleared eBay’s planned $1.2bn acquisition of fashion resale platform Depop, removing a key regulatory hurdle for the transaction.

The watchdog concluded its initial review without referring the deal to an in-depth Phase 2 investigation. eBay announced the acquisition in February as part of its strategy to strengthen its position in the fast-growing resale fashion market.

Uber is in advanced talks to acquire Germany's Delivery Hero. (Bloomberg)

Uber is in advanced negotiations to acquire German food-delivery company Delivery Hero, a deal that would strengthen the ride-hailing group's position in food delivery markets outside the US. Delivery Hero confirmed that discussions over a potential takeover are ongoing.

The proposed transaction would expand Uber Eats across Europe, the Middle East, Asia, and Latin America, though any deal is likely to face regulatory scrutiny given the companies' overlapping operations.

KKR, Apax said to bid for $2bn Portuguese firm Logoplaste. (Bloomberg)

KKR and Apax Partners have submitted non-binding offers for Portuguese packaging manufacturer Logoplaste, joining the race to acquire one of Europe’s largest producers of rigid plastic packaging.

The company is expected to hold discussions with selected bidders before inviting a smaller group to submit binding offers. Deliberations are ongoing, and no final decision has been made.

PE fund Harith gets antitrust approval to acquire FlySafair. (Bloomberg)

South Africa’s Competition Commission has approved private equity firm Harith General Partners’ proposed acquisition of low-cost airline FlySafair, subject to conditions.

The regulator has recommended that the Competition Tribunal clear the transaction, marking another step toward completing the deal.

EU foreign subsidy rules may focus more on bigger deals amid red tape concerns. (Reuters)

The European Commission is considering changes to its Foreign Subsidies Regulation to reduce the administrative burden on companies and focus reviews on larger mergers and acquisitions. The proposals could include raising the current €500m ($571m) EU turnover threshold that triggers mandatory scrutiny.

The review follows feedback from businesses that the rules, introduced in 2023 to curb unfair state-backed acquisitions, are too complex. Proposed amendments are expected to be published this autumn, with adoption targeted for 2027.

Pictet raises $253m for first environment co-investment fund. (Press Release)

Pictet Alternative Advisors has completed the final close of its Environment Co-Investment Fund I, raising $253m in commitments and exceeding its $200m target. The firm's first dedicated environmental co-investment fund reflects continued investor demand for private market opportunities focused on sustainability.

Around half of the fund has already been deployed across eight investments. The strategy will back environmental businesses alongside private equity managers, focusing on areas including greenhouse gas reduction, pollution control, the circular economy, sustainable consumer products, and enabling technologies.

APAC

SoftServe completes the acquisition of NewVision Software.

SoftServe, an AI and technology services company, completed the acquisition of NewVision Software, an India-based technology services firm specializing in agentic assurance, product engineering and intelligent managed services, according to press releases. Financial terms were not disclosed.

NewVision Software was advised by Clearsight Advisors (led by Rishabh Mishra), according to MergerLinks data and press releases.

A group of investors led a $439m Series C round in PixVerse.

A group of investors, including Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, CloudAlpha, iGlobe Partners and LionX Ventures, led a $439m Series C round in PixVerse, a global AI video generation platform, according to press releases.

Barito confirms $5bn offer to acquire geothermal firm EDC. (Bloomberg)

PT Barito Renewables Energy has made an unsolicited, non-binding offer to acquire geothermal producer Energy Development, seeking to expand its presence in the Philippines through one of Asia’s largest clean energy transactions in recent years.

The proposal values First Gen-backed Energy Development at about $5bn. Discussions remain preliminary, and there is no certainty a transaction will proceed.

EQT returns with higher $1.75bn bid in push for Australia's Perpetual. (Reuters)

Perpetual has received a revised non-binding takeover proposal from Windflower, a company indirectly controlled by Swedish private equity firm EQT, valuing the Australian asset manager at about AUD2.5bn ($1.74bn). The latest offer of AUD22.07 ($15.35) per share represents a 2% increase over EQT’s previous proposal.

Perpetual’s board is assessing the revised bid but noted there is no certainty it will lead to a binding transaction. The proposal remains subject to several conditions, including the completion of the sale of Perpetual’s wealth management business to Bain Capital.

IFC plans up to $175m backing for AirTrunk's Malaysia data centre campus. (DealStreetAsia)

The International Finance Corporation is considering an investment of up to $175m in Blackstone-owned AirTrunk to support the expansion of its hyperscale data centre platform in Johor, Malaysia. The proposed financing would include a mix of debt and equity.

The funding would support AirTrunk’s fully contracted 150MW JHB1 campus and the adjacent 270MW-plus JHB2 greenfield development in Iskandar Puteri, strengthening digital infrastructure in the region.

Udaan raises $160m to bolster finances ahead of IPO. (Bloomberg)

Indian business-to-business e-commerce platform Udaan has secured $160m in funding to strengthen its balance sheet ahead of a planned stock market listing. The financing combines new equity, debt, and the partial conversion of outstanding convertible bonds into equity.

Existing investors, including Lightspeed Venture Partners and M&G Investments, are participating in the round, alongside a new equity investor. Some bondholders will also convert part of their holdings into equity as part of the transaction.

Chinese memory giant CXMT seeks $9.8bn in marquee IPO. (Bloomberg)

ChangXin Memory Technologies is launching one of China’s largest-ever initial public offerings, highlighting the country’s drive for semiconductor self-sufficiency. The memory chipmaker could raise up to CNY66.6bn ($9.8bn) through its listing on Shanghai’s STAR Market.

The company priced the offering at CNY8.66 ($1.28) per share, with up to 7.69bn shares available, including the overallotment option. Investor subscriptions are scheduled to begin on July 16.

Innolight is said near approval for $7bn Hong Kong listing. (Bloomberg)

Zhongji Innolight is expected to receive approval from China’s securities regulator for a Hong Kong listing that could rank among the city’s largest in recent years.

Regulatory clearance would allow the optical communications equipment maker to seek a listing hearing with the Hong Kong Stock Exchange as soon as this week, paving the way for the proposed offering.

SpaceX IPO sparks Australian appetite for US tech listings. (Bloomberg)

CommSec plans to market more US initial public offerings as Australian investors seek greater exposure to technology companies, following strong demand for SpaceX’s record listing.

The Commonwealth Bank unit acted as the lead Australian retail broker for SpaceX’s $75bn IPO and aims to use the transaction as a model for future US listings offered to its nearly three million clients.

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