Rosebank Industries completes the acquisition of Electrical Components International from Cerberus for $1.9bn.

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AMERICAS

Rowley Law investigates Thoma Bravo’s $12.3bn acquisition of Dayforce. (Press Release)

Rowley Law has launched an investigation into potential securities law violations by Dayforce and its board of directors in connection with the company’s planned sale to Thoma Bravo. Under the deal terms, shareholders will receive $70 per share.

The all-cash transaction values Dayforce at about $12.3bn and is projected to close in early 2026. The investigation will review whether the board of Dayforce acted in the best interests of its shareholders in approving the deal.

Dayforce is advised by Evercore and Wachtell Lipton Rosen & Katz. Thoma Bravo is advised by Goldman Sachs, JP Morgan, and Kirkland & Ellis (led by Cole Parker), according to Mergerlinks data and press releases.

Trivest Partners completes the investment in Applied Value.

Trivest Partners, a private equity firm, completed the investment in Applied Value, a premier management consulting firm, according to press releases. Financial terms were not disclosed.

Applied Value was advised by Clearsight Advisors, Chamberlain Hrdlicka White Williams & Aughtry and ASC Advisors (led by Taylor Ingraham). Trivest Partners was advised by Jefferies & Company and Benesch Friedlander Coplan & Aronoff, according to MergerLinks data and press releases.

Blackstone to acquire Shermco from Gryphon Investors for $1.6bn.

Blackstone, an alternative asset manager, agreed to acquire Shermco, a provider of full life-cycle electrical equipment services, from Gryphon Investors, a middle-market private investment firm, for $1.6bn, according to press releases.

Shermco is advised by Harris Williams & Co and Kirkland & Ellis. Blackstone is advised by JP Morgan, Stifel and Vinson & Elkins, according to MergerLinks data and press releases.

Enterprise Products Partners completes the acquisition of the natural gas gathering affiliate from Occidental for $580m.

Enterprise Products Partners, a midstream natural gas and crude oil pipeline company, completed the acquisition of the natural gas gathering affiliate from Occidental, a company engaged in hydrocarbon exploration, for $580m, according to press releases.

Enterprise was advised by Sidley Austin and Troutman Pepper Locke. Occidental was advised by Skadden Arps Slate Meagher & Flom (led by Mingda Zhao) and White & Case (led by Taylor Pullins) , according to MergerLinks data and press releases.

Workday to acquire Paradox.

Workday, an AI platform for managing people, money, and agents, agreed to acquire Paradox, a candidate experience agent, according to press releases. Financial terms were not disclosed.

Paradox is advised by Qatalyst Partners and DLA Piper. Workday is advised by Morgan Stanley, Orrick Herrington & Sutcliffe and Joele Frank (led by Jed Repko), according to MergerLinks data and press releases.

Gilead-backed Kite to acquire Interius BioTherapeutics for $350m.

Gilead-backed Kite, a biopharmaceutical company, agreed to acquire Interius BioTherapeutics, a clinical-stage biotechnology company, for $350m, according to press releases.

Interius is advised by Evercore and LifeSci Partners. Kite is advised by TD Cowen, according to MergerLinks data and press releases.

KKR-backed Fortifi to acquire Provisur Technologies.

KKR-backed Fortifi, a food processing automation and related software company, agreed to acquire Provisur Technologies, a provider of further processing solutions to the protein industry, according to press releases. Financial terms were not disclosed.

Provisur is advised by Robert W Baird (led by Mike Barina). Fortifi is advised by Kirkland & Ellis (led by Jennifer Perkins), according to MergerLinks data and press releases.

CME Group and FanDuel to form a joint venture.

CME Group, a derivatives marketplace, and FanDuel, an online gaming company, agreed to form a joint venture, according to press releases. Financial terms were not disclosed.

CME Group is advised by Skadden Arps Slate Meagher & Flom (led by David Clark), according to MergerLinks data.

Tempus to acquire Paige for $81m.

Tempus, a medical technology company, agreed to acquire Paige, an AI company specializing in digital pathology, for $81m, according to press releases.

Paige is advised by Morgan Stanley, according to Mergerlinks data.

General Atlantic to invest BRL640m in Starian.

General Atlantic, a global growth equity firm, agreed to invest BRL640m ($118m) in Starian, a multi-vertical software provider to the private sector in Brazil, according to press releases.

Psyence Group to acquire GoldCoast Resource.

Psyence Group, a biotechnology company, agreed to acquire GoldCoast Resource, a gold and heavy mineral exploration company, according to press releases. Financial terms were not disclosed.

Sonic Healthcare to acquire Cairo Diagnostics.

Sonic Healthcare, a medical diagnostics company, agreed to acquire Cairo Diagnostics, a provider of hematology oncology diagnostics, according to press releases. Financial terms were not disclosed.

Musk sought Zuckerberg’s backing in $97.4bn OpenAI bid. (Reuters)

Elon Musk attempted to bring Meta CEO Mark Zuckerberg into the $97.4bn takeover bid his consortium made for OpenAI earlier this year, but Zuckerberg declined to join.

OpenAI, the company behind ChatGPT, said that Musk had discussed potential financing or investment arrangements with Zuckerberg in connection with the bid.

Anthropic close to securing up to $10bn in new funding. (Bloomberg)

Anthropic is nearing a deal to raise as much as $10bn in fresh financing, marking one of the largest-ever funding rounds for an artificial intelligence startup. The amount is significantly higher than initially expected.

The discussions are still ongoing and the final figure could change. It was previously reported Anthropic was in advanced talks to raise up to $5bn at a $170bn valuation, but investor demand has driven the target far higher.

Blue Owl set to raise $1.5bn through portfolio sale. (Bloomberg)

American alternative investment asset management company Blue Owl Capital is expected to raise around $1.5bn by selling a portfolio of minority stakes in private asset managers.

Goldman Sachs is advising on the transaction, which will move stakes from the Dyal Capital Partners IV fund — including holdings in HPS Investment Partners, Clearlake Capital Group, and Golub Capital — into a new structure backed by a fresh group of investors.

Ventas to acquire $600m senior housing portfolio on Long Island. (Blooomberg)

Ventas is set to acquire a senior housing portfolio on New York’s Long Island for more than $600m.

The Chicago-based company, already one of the largest owners of US senior housing, is buying six communities from Harrison Street Asset Management and B2K Development.

Cloud security firm Netskope files for US IPO. (Bloomberg)

Netskope, a Santa Clara-based cloud security provider, has filed for a US initial public offering, highlighting rising revenue alongside narrowing losses.

The company reported a net loss of $169m on revenue of $328m for the six months ended July 31, compared with a loss of $207m on $251m in revenue during the same period last year.

EMEA

Vesuvius to acquire the molten metal systems business from Morgan Advanced Materials for £93m.

Vesuvius, an engineered ceramics company, agreed to acquire the molten metal systems business from Morgan Advanced Materials, a manufacturer of advanced carbon and ceramic materials, for £93m ($125m), according to press releases.

Morgan Advanced Materials is advised by Gleacher Shacklock and Brunswick Group (led by Nina Coad), according to MergerLinks data and press releases.

Shawbrook in exclusive talks to acquire ThinCats for £180m. (Sky News)

Shawbrook is in exclusive discussions to acquire ThinCats, a non-bank lender to medium-sized businesses, in a deal valued at around £180m ($242m). The talks come as Shawbrook prepares for a potential London Stock Exchange listing later this year.

The negotiations follow an auction of ThinCats run by Fenchurch Advisory Partners, with Shawbrook emerging as the preferred bidder.

Inflexion to sell European LifeCare Group. (Press Release)

Inflexion, a European mid-market private equity firm, has entered an agreement for the sale of its investment in European LifeCare Group, the largest provider of vaccinations in Europe, to a European private equity group.

European LifeCare Group operates 84 specialist vaccination clinics across Denmark, UK, Netherlands and Sweden providing a range of vaccination services including travel vaccinations, general health vaccinations as well as mass immunisation programmes.

Sanjeev Gupta faces uphill battle to finance bid for UK business. (Sky News)

Metals tycoon Sanjeev Gupta, whose main UK business was pushed into insolvency this week, is struggling to secure the funding needed to mount a competitive bid to regain control.

A potential asset-based loan from BlackRock, the world’s largest asset manager, would come at a high cost, with a comparable deal for Gupta’s overseas operations carried an interest rate of about 15%. Another reported backer, Fidera, is said to have no interest in financing his bid.

Ottobock targets over €6bn valuation in potential IPO. (Reuters)

German prosthetics maker Ottobock is considering an initial public offering between late September and mid-October, aiming for a valuation of more than €6bn ($7bn).

Owner and chairman Hans Georg Naeder and his family are expected to sell 25% to 30% of their shares in the IPO, though they may also choose to divest gradually over time.

APAC

Air Liquide to acquire DIG Airgas for €2.9bn.

Air Liquide, a provider of gas solutions and technologies, agreed to acquire DIG Airgas, an integrated gas provider, for €2.9bn ($3.4bn).

Macquarie Asset Management raised $405m for Vertelo. (Press Release)

Macquarie Asset Management, an infrastructure asset manager, has successfully raised $405m for Vertelo, a fleet electrification solutions platform in India.

This unique partnership model – combining commercial and developmental funding – demonstrates MAM’s ability to mobilize capital at scale to address critical climate challenges while delivering value to investors. It represents MAM’s first blended finance partnership with GCF.

Starbucks invites bids for stake in China business. (Reuters)

Starbucks has asked a short list of potential bidders to submit non-binding offers for a stake in its China operations within the next two weeks.

The US coffee chain has invited firms including Carlyle, EQT, Hillhouse Investment, and Primavera Capital to management presentations, where it will share financial and operational details of the business, the sources said.

Edge Medical files confidentially for Hong Kong IPO. (Bloomberg)

Edge Medical, a Chinese surgical robot maker backed by Temasek, has confidentially filed for a Hong Kong initial public offering.

The Shenzhen-based company is aiming to raise between $150m and $200m, potentially as early as this year.

Avanse may delay IPO amid slowdown in overseas loan demand. (Bloomberg)

Avanse Financial Services, an Indian education financing firm backed by Warburg Pincus, is considering postponing its initial public offering as stricter US visa rules weigh on loan demand.

The Mumbai-based company may wait for conditions in the overseas loan market to improve before moving ahead with the share sale, noting that deliberations are still ongoing and no final decision has been made.

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