|
Top Highlights
RedBird Capital-backed Skydance Media, an American production company based in Santa Monica, California, completed the merger with Paramount Global, a global media, streaming and entertainment company, in an $8.4bn deal, according to press releases.
Paramount Global is advised by Centerview Partners (led by Todd Davison and Blair Effron), LionTree Advisors, Rothschild & Co (led by David Baron), Cravath Swaine & Moore (led by Faiza Saeed), Simpson Thacher & Bartlett (led by Eric Swedenburg), Brunswick Group (led by Jonathan Doorley and Nik Deogun), Community Group (led by Auro Palomba) and FGS Global (led by Kerry Golds). Financial advisors are advised by Gibson Dunn & Crutcher (led by Andrew Kaplan). National Amusements is advised by BDT & MSD Partners, Ropes & Gray (led by Jackie Cohen) and Kekst CNC (led by Molly Morse). Skydance is advised by Bank of America (led by Christopher Cormier), Moelis & Co, RedBird Advisors, The Raine Group, Borden Ladner Gervais, Latham & Watkins (led by Justin Hamill), Gagnier Communications (led by Dan Gagnier) and Principal Communications Group (led by Melissa Zukerman). Redbird is advised by Sullivan & Cromwell (led by Eric M. Krautheimer and Alison S. Ressler), according to press releases and MergerLinks data.
Motorola Solutions, a data communications and telecommunications equipment provider, completed the acquisition of Silvus Technologies, a developer of advanced communication systems for tactical applications, from TJC, a private equity firm, for $4.4bn, according to press releases.
Western Midstream Partners, a company specializing in midstream energy infrastructure, agreed to acquire Aris Water Solutions, a company focused on sustainable water management firm, for $2bn, according to press releases.
Western Midstream Partners is advised by Bank of America and Vinson & Elkins. Aris Water Solutions is advised by Citigroup, Houlihan Lokey, Gibson Dunn & Crutcher and Morris Nichols Arsht & Tunnell, according to press releases.
Deal Round up
AMERICAS
FTC moves to block Edwards Lifesciences' acquisition of JenaValve. ( Reuters)
Firefly Aerospace raises $868m in upsized US IPO. ( Reuters)
WhiteFiber raises $159m in upsized US IPO. ( Bloomberg)
Accor considers US IPO for lifestyle hotel arm Ennismore. ( Bloomberg)
EMEA
TA considers $4.7bn sale of software firm Unit4. (Bloomberg)
CKI nears deal for National Grid’s $2.7bn LNG terminal.(Bloomberg)
APAC
Chinese cobot maker Huayan Robotics files for Hong Kong IPO. ( Bloomberg)
TPG-backed SK Finance to launch reduced IPO in India. ( Bloomberg)
|
LEGAL ADVISORS
PR ADVISORS
DEBT PROVIDERS
|
|
Read on...
Scroll down to read deal descriptions. Your suggestions and comments support the democratisation of M&A data. If you'd like to contribute to the future editions, drop us a line.
AMERICAS
FTAI Infrastructure, a company that invests in rail, ports, terminals, and power and gas assets, agreed to acquire Wheeling & Lake Erie Railway, a transportation company offering rail transportation services, for $1bn, according to press releases.
W&LE is advised by Calfee Halter & Griswold and Fletcher & Sippel. FTAI Infrastructure is advised by Barclays, Deutsche Bank, Sidley Austin (led by Terence Hynes) and Skadden Arps Slate Meagher & Flom (led Michael Schwartz). Debt financing is provided by Deutsche Bank and Barclays, according to press releases and MergerLinks data.
Parataxis, a multi-strategy investment firm specializing in the digital asset sector, agreed to go public via a SPAC merger with SilverBox Corp IV, a special purpose acquisition company, according to press releases, in a $640m deal.
Parataxis is advised by Ellenoff Grossman & Schole, Eversheds Sutherland and Snell & Wilmer. SilverBox Corp IV is advised by Clear Street, Santander, Paul Hastings and Longacre Square Partners (led by Amy Freedman), according to press releases.
CCMP Growth Advisors, a private equity firm specializing in high-growth industrial and consumer companies, completed the acquisition of Airo Mechanical, a company focused on HVAC and plumbing installation services, from Thomas Investments and Stephens Capital Partners, two private equity firms, according to press releases. Financial terms were not disclosed.
Airo Mechanical was advised by Stephens and Holland & Knight. CCMP Growth Advisors was advised by Houlihan Lokey, Ropes & Gray and ICR (led by Chuck Dohrenwend). Debt financing was provided by Houlihan Lokey, according to press releases.
JMI Equity, a growth equity software investor, completed the $355m investment in First Due, an all-in-one software platform for public safety agencies, according to press releases.
First Due was advised by Shea & Co. JMI Equity was advised by Robert W Baird and Prosek Partners, according to press releases and MergerLinks data.
CorMedix, a public biopharma company, agreed to acquire Melinta Therapeutics, a commercial-stage biopharmaceutical company, from Deerfield Management Company, a private equity firm, for $325m, according to press releases.
Melinta Therapeutics is advised by Evercore and Fenwick & West. Deerfield Management Company is advised by Katten Muchin Rosenman, according to press releases.
Manulife Financial, a company specializing in insurance and asset management, agreed to acquire a 75% stake in Comvest Credit Partners, a direct lending private credit manager, from AMG, a global asset management company, for $938m.
Comvest Credit Partners is advised by Bank of America and Kirkland & Ellis (led by Christopher Gandia). Manulife Financial is advised by Skadden Arps Slate Meagher & Flom (led by Elena Coyle and Patrick Lewis), according to press releases.
PPC Enterprises, a middle-market private equity firm, completed the investment in SHOOK Research, a research organization for evaluating financial advisors, according to press releases. Financial terms were not disclosed.
SHOOK Research was advised by Piper Sandler and Dechert (led by Michael Darby). PPC Enterprises was advised by Covington & Burling, according to press releases and MergerLinks data.
Granite, an infrastructure company, completed the acquisition of Warren Paving, an aggregates producer, and Papich Construction, a company specialized in infrastructure projects, including road, rail and highway construction, for $710m, according to press releases.
Granite is advised by Barclays and A&O Shearman, according to press releases and MergerLinks data.
Arable Capital Partners, a private equity firm, completed the acquisition of Fresh Vegetables Division from Dole, a provider of fruits, vegetables, and food products, for $140m, according to press releases.
Dole was advised by Skadden Arps Slate Meagher & Flom (led by David Eisman) and Ogilvy (led by Brian Bell), according to press releases and MergerLinks data.
ESPN, a sports media network, agreed to acquire the media assets from NFL, a US professional football league, according to press releases. Financial terms were not disclosed.
ESPN is advised by JP Morgan.
Eaton, a company specializing in intelligent power management solutions, completed the acquisition of Resilient Power Systems, a company focused on compact, solid-state transformer energy solutions, according to press releases. Financial terms were not disclosed.
Trella Health, a company specializing in market intelligence and CRM solutions for post-acute care organizations, completed the acquisition of Repisodic, a provider of hospital discharge automation platforms, according to press releases. Financial terms were not disclosed.
FTC moves to block Edwards Lifesciences' acquisition of JenaValve. ( Reuters)
Edwards and JenaValve are the only two companies in the US currently running clinical trials for these devices, which are designed to treat aortic regurgitation—a condition where the heart’s aortic valve fails to close properly.
Firefly Aerospace raises $868m in upsized US IPO. ( Reuters)
Firefly Aerospace, backed by Northrop Grumman, raised $868m through an upsized IPO by selling 19m shares at $45 each—above its marketed range of $41–$43. The offering was increased from a planned 16m shares due to strong demand.
The space technology company recently landed a craft on the moon, contributing to heightened investor interest.
WhiteFiber raises $159m in upsized US IPO. ( Bloomberg)
WhiteFiber, an AI infrastructure firm and subsidiary of crypto treasury company Bit Digital, raised $159m by selling 9.4m shares at $17 each, the top of its marketed range of $15–$17.
The IPO pricing took place on August 6, with the company finalizing the deal amid strong investor interest.
Accor considers US IPO for lifestyle hotel arm Ennismore. ( Bloomberg)
French hospitality group Accor is exploring a US IPO for its lifestyle hotel venture Ennismore, which could value the business at several bn dollars. Ennismore operates over 180 hotels under brands like The Hoxton, Mondrian, 25hours Hotels, Hyde, and Morgans Originals.
Accor has been consulting advisers on the potential listing, but no final decision has been made.
EMEA
Laumann Group UK, a provider of construction-related product solutions and IT services, agreed to acquire Epwin Group, a manufacturer of energy efficient and low maintenance building products, supplying products and services, for £167m ($222m), according to press releases.
Epwin Group is advised by Zeus Capital (led by Dominic King), Shore Capital & Corporate (led by Daniel Bush), Eversheds Sutherland and MHP Communications (led by Reg Hoare). Laumann is advised by Houlihan Lokey (led by David Brock) and Osborne Clarke, according to press releases and MergerLinks data.
Nactarome, a company specializing in the creation & production of natural flavour, taste & colour solutions for the food and beverage industry, agreed to acquire Claremont Ingredients, a flavour manufacturing and development laboratory for sports nutrition, alongside specialisms in bakery and beverages, from THG, an online retailing platform, £103m ($137m), according to press releases.
THG is advised by Sodali & Co (led by Victoria Palmer-Moore) and Rothschild & Co, according to press releases and MergerLinks data.
Elis, a global company specializing in circular services and textile rental-maintenance, agreed to acquire O.C.L. Laundry Services, an industrial laundry provider servicing hospitality clients in Ireland, according to press releases. Financial terms were not disclosed.
TA considers $4.7bn sale of software firm Unit4. (Bloomberg)
TA Associates is preparing to sell Dutch enterprise software company Unit4 and has asked select banks to pitch for a sellside mandate. The investment firm may seek a valuation of around €4bn ($4.7bn) for the sale.
Details remain private as discussions continue.
CKI nears deal for National Grid’s $2.7bn LNG terminal. (Bloomberg)
CK Infrastructure Holdings is close to acquiring National Grid’s Grain LNG facility in the UK, valued at £2bn ($2.7bn). The Hong Kong-based firm is in final-stage negotiations and could finalize the deal within days.
CKI was competing with a consortium led by Ontario Municipal Employees Retirement System for the asset.
APAC
BPP Education Group, a global education business and privately owned education provider, completed the acquisition of Australian Institute of Business, an educational institution that offers MBA degrees, according to press releases. Financial terms were not disclosed.
BPP Education Group was advised by Houlihan Lokey, according to press releases and MergerLinks data.
Chinese cobot maker Huayan Robotics files for Hong Kong IPO. ( Bloomberg)
Guangdong Huayan Robotics has confidentially filed for a Hong Kong IPO that could raise over $200m. The Shenzhen-based company plans to go public in the coming months.
The size and timing of the deal are still under discussion and may change.
TPG-backed SK Finance to launch reduced IPO in India. ( Bloomberg)
SK Finance, backed by TPG, is expected to open its IPO for investor orders as early as next week after cutting the deal size. The offering is now set to raise about INR16bn ($182m), down from the earlier target of INR22bn ($251m).
The plan remains under discussion and final terms could still change.
|
Connect the World of Dealmakers
Expand your network of fellow Dealmakers by inviting your colleagues and coworkers.
Join Now
If you know someone who might enjoy this briefing forward this email. Subscribe to a Daily Review.
|
|
|
|
|
