RCG Ventures completes the acquisition of a multi-tenant portfolio of 100 non-core properties from Global Net Lease for $1.8bn.

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AMERICAS

Gryphon Investors-backed Mechanix Wear completes the acquisition of Kinco.

Gryphon Investors-backed Mechanix Wear, a company that specializes in manufacturing and selling a wide range of work gloves designed for various industries and applications, completed the acquisition of Kinco, a company that specializes in manufacturing and selling quality gloves, according to press releases. Financial terms were not disclosed.

Kinco was advised by Adaptive Capital Partners and Petersen + Landis. Gryphon Investors was advised by EC M&A, Kirkland & Ellis and Lambert & Co (led by Jennifer Hurson and Caroline Luz), according to press releases.

Fujirebio completes the acquisition of Plasma Services Group.

Fujirebio, a diagnostics and life sciences company, completed the acquisition of Plasma Services Group, a provider of rare biological materials, according to press releases. Financial terms were not disclosed.

Plasma Services Group was advised by Achelous Partners. Fujirebio was advised by Houlihan Lokey, according to press releases.

One America completes the acquisition of Hopeton State Bank.

One America, a bank holding company, completed the acquisition of Hopeton State Bank, a community bank, according to press releases. Financial terms were not disclosed.

One America was advised by Eide Bailly and Otteson Shapiro, according to press releases.

Knowtion Health completes the acquisition of Switch RCM.

Knowtion Health, a company that specializes in providing healthcare revenue cycle management solutions, completed the acquisition of Switch RCM, a healthcare revenue cycle management, offering a range of products and services aimed at supporting providers company, according to press releases. Financial terms were not disclosed.

Knowtion Health was advised by Raymond James, according to press releases.

Citation Capital completes the acquisition of Gallo Mechanical.

Citation Capital, a private equity firm, completed the acquisition of Gallo Mechanical, a specialty mechanical contractor providing large-scale HVAC and plumbing installation and services, according to press releases. Financial terms were not disclosed.

Citation Capital was advised by Prosek Partners, according to press releases.

HIG Capital-backed GetixHealth completes the acquisition of Americollect.

HIG Capital-backed GetixHealth, a company that provides revenue cycle management and healthcare financial services to healthcare providers, completed the acquisition of Americollect, a medical collections agency that provides early out and bad debt collection services to healthcare providers, according to press releases. Financial terms were not disclosed.

BNY approached Northern Trust for merger talks. (WSJ)

Bank of New York Mellon recently reached out to Northern Trust to explore a potential merger, in what could be one of the largest transactions in the financial services sector.

The chief executives of the two banks held at least one discussion, though no formal offer was put on the table.

Morgan Stanley collects $3.2bn for middle market deals. (Bloomberg)

Morgan Stanley Capital Partners has raised $3.2bn for its newest buyout fund, North Haven Capital Partners VIII, despite a challenging private equity fundraising environment.

The fund will target middle-market companies with earnings between $20m and $30m, according to Aaron Sack of Morgan Stanley Investment Management. It attracted several new investors from Asia and the Americas and is roughly 60% larger than its predecessor.

EMEA

PHP raises Assura bid to £1.79bn in latest KKR fight. (Press Release)

A takeover battle for a London-based healthcare REIT has shifted course after its board reversed course, backing a revised offer from a listed company over an earlier all-cash bid from a private equity firm.

Assura is advised by Barclays (led by Bronson Albery), Lazard (led by Cyrus Kapadia), Stifel (led by Mark Young), Travers Smith and FGS Global (led by Gordon Simpson). KKR is advised by Jefferies & Company (led by Dai Clement), Bowmans, Simpson Thacher & Bartlett (led by Amy Mahon) and FGS Global (led by Faeth Birch). Jefferies & Company is advised by Norton Rose Fulbright (led by Kit McCarthy). PHP is advised by Deutsche Numis (led by Heraclis Economides), Peel Hunt (led by Capel Irwin and Michael Nicholson), Citigroup, JP Morgan, Rothschild & Co (led by Alex Midgen), CMS and Sodali & Co (led by Elly Williamson), according to press releases and MergerLinks data.

Advent International to acquire Spectris for £4.4bn. (Press Release)

The boards of Advent and Spectris announced that they have reached agreement on the terms of a recommended cash acquisition by Advent of the entire issued and to be issued share capital of Spectris. The Offer Value values the entire issued and to be issued share capital of Spectris at approximately £3.8bn and implies an enterprise value of approximately £4.4bn.

Spectris is advised by Bank of America (led by George Whitlam and James Robertson), Barclays (led by Neal West), Goldman Sachs (led by Anthony Gutman), Rothschild & Co (led by Ravi Gupta) and Teneo. Advent International is advised by Morgan Stanley (led by Anthony Zammit), PJT Partners (led by Gwen Billon and Orlando Knauss) and Headland Consultancy (led by Matt Denham and Susanna Voyle), according to press releases and MergerLinks data, according to press releases and MergerLinks data.

Ares Management to acquire a 20% stake in Plenitude from Eni for €2bn.

Ares Management, a global investment firm, agreed to acquire a 20% stake in Plenitude, a renewables and retail energy company, from Eni, an energy company, for €2bn ($2.3bn), according to press releases. Financial terms were not disclosed.

Ares Management is advised by UniCredit, according to press releases.

Pacific Avenue Capital to acquire a cement business from FLSmidth for €150m.

Pacific Avenue Capital, a private equity firm, agreed to acquire a cement business from FLSmidth, a Danish multinational engineering company, for €150m ($172.7m), according to press releases.

FLSmidth is advised by UBS, according to MergerLinks data.

PharmaLogic completes the acquisition of Agilera Pharma from Institute for Energy Technology.

PharmaLogic, a pharma company, agreed completed the acquisition of Agilera Pharma, a pharmaceutical manufacturing company, from Institute for Energy Technology, a research institute within energy, health and industrial development, according to press releases. Financial terms were not disclosed.

PharmaLogic was advised by Solomon Partners, according to press releases.

NY Jets owner Woody Johnson agrees deal for Crystal Palace stake. (Bloomberg)

Robert "Woody" Johnson IV, co-owner of the New York Jets and former US ambassador to the UK, has agreed to acquire a significant stake in Crystal Palace, the reigning FA Cup champion.

Johnson is expected to pay approximately $215m to John Textor, who holds over 40% of the club through his Eagle Football Group.

Holcim North American spinoff Amrize slips in trading debut. (Bloomberg)

Amrize's shares declined in early trading on the Swiss stock exchange following its spinoff from Holcim, as the building materials group pursues value creation through a separate listing.

The North American cement maker’s stock fell as much as 8.4% to CHF42.20 ($51.66) in Zurich, compared to the reference price of CHF46.08 ($56.32) set by the Swiss exchange. At that reference price, Amrize was valued at approximately CHF26.1bn ($32bn).

APAC

Shift4 to acquire Smartpay for NZ$296m.

Shift4, an integrated payments and commerce technology company, agreed to acquire Smartpay, a provider of payment processing and point-of-sale solutions, for NZ$296m ($179m), according to press releases.

Shift4 is advised by ICR Capital, according to press releases.

E Fund Management and SIG led a CNY1bn Series A round in United Imaging Intelligence.

E Fund Management, a private equity firm, and SIG, a financial holding group, led a CNY1bn ($139m) Series A round in United Imaging Intelligence, a provider of medical AI solutions, with participation from United Imaging Healthcare, Sun Rock Capital, Junwei Venture, Tsing Song Capital and Suzhou Capital Group, according to press releases.

Warburg is said in talks to sell a stake in SBI General Insurance. (Bloomberg)

Warburg Pincus is in discussions with Premji Invest and State Bank of India regarding the sale of its roughly 10% stake in SBI General Insurance.

The firm is working through the final terms of a deal with Premji Invest — the investment office of Wipro founder Azim Premji — and SBI. The transaction could value SBI General Insurance at up to $4.5bn.

KKR nears the buyout of Chinese beverage maker Dayao. (Bloomberg)

KKR & Co. is nearing a deal to acquire an 85% stake in Chinese soda manufacturer Dayao.

The founders of Dayao are expected to retain a minority interest. While discussions are advanced, a final agreement has not yet been reached.

Three Chinese firms said in the next bidding round for SUEZ assets. (Bloomberg)

Chinese state-owned firms Beijing Capital Group, China State Construction Engineering and Guangdong Holdings have reportedly advanced to the second round of bidding for Suez's Chinese water infrastructure assets.

The utilities group is said to be considering a valuation of more than $2bn for the assets. Alternative options, including a partial sale or other restructuring measures, are also being explored.

China's Hellobike sets up a new robotaxi firm with Ant Group and CATL. (Reuters)

Hellobike has partnered with Ant Group and CATL to establish a new autonomous vehicle company focused on level 4 robotaxi development.

The three firms committed more than CNY3bn ($417m) in initial capital to the Shanghai-based venture, which was formally registered on June 23.

The company will focus on research, safety applications and commercialization of self-driving technology.

Sanhua slips in Hong Kong debut after $1.2bn listing. (Bloomberg)

Zhejiang Sanhua Intelligent Controls dipped slightly in its Hong Kong trading debut on June 23 following its HKD9.3bn ($1.2bn) stock offering. Shares closed 0.1% lower at HKD22.50 ($2.87).

The Chinese refrigeration component maker, which is expanding into advanced robotics, priced its shares at the top of the marketed range. The listing attracted several prominent cornerstone investors, including Jane Street, GIC and Schroders.

Montage is said to hire banks for a $1bn Hong Kong listing. (Bloomberg)

Chinese chip designer Montage Technology Co. has hired banks for its planned Hong Kong listing that could raise about $1bn.

The Shanghai-listed company is working with CICC, Morgan Stanley and UBS on the potential share sale.

Philippine water company Maynilad delays IPO listing to October. (Press Release)

Maynilad Water Services has pushed back the listing date for its planned initial public offering on the Philippine Stock Exchange to no later than the end of October.

The move, originally set for July 17, is intended to give the company additional time to engage potential cornerstone investors.

The IPO could raise as much as PHP37.4bn ($655m), positioning it among the country’s largest listings this year.

Range Intelligent Computing weighs second listing in Hong Kong. (Bloomberg)

Range Intelligent Computing, a Chinese data center services provider, is exploring a potential secondary listing in Hong Kong.

The company has begun preliminary discussions with potential advisers regarding a share sale, though deliberations remain at an early stage.

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