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Top Highlights
Sagard, a global alternative asset manager, completed the acquisition of Unigestion Private Equity, the holding company for Unigestion’s private equity business, according to press releases. Financial terms were not disclosed.
American Ocean Minerals, a deep-sea exploration company, agreed to merge with Odyssey Marine Exploration, a deep-ocean exploration company specializing in the identification, development, and extraction of subsea mineral resources, in a $1bn deal, according to press releases.
American Ocean Minerals is advised by Citigroup, Cantor Fitzgerald, Cassels Brock & Blackwell, Gibson Dunn & Crutcher and Teneo. Citigroup and Cantor Fitzgerald are advised by Latham & Watkins. Odyssey Marine Exploration is advised by Grant Thornton, Moelis & Co, A&O Shearman and Akerman, according to press releases.
UST, a digital transformation solutions company, completed the acquisition of Intecrowd, a specialized Workday services partner that provides strategic deployment, integration, and full life-cycle support for Workday solutions, according to press releases. Financial terms were not disclosed.
Intecrowd was advised by Clearsight Advisors (led by Brendan Curran and Greg Treger). UST was advised by Adfactors PR, FTI Consulting, Makovsky, Noizze Media (led by Carmen Tapia and Ricardo Schell) and S&C Public Relations, according to press releases and MergerLinks data.
AMERICAS
RBC leading $1.1bn loan for nuclear services firm buyout. ( Bloomberg)
First Brands judge delays sale of 12 brands to allow late bid. (Bloomberg)
Elliott’s Citgo bid bogged down by US price, risk concerns. ( Bloomberg)
Aerospace, defense parts maker Arxis seeks $1.06bn in IPO. ( Bloomberg)
ArcLight announces final Fund VIII close of $3.9bn. ( Press Release)
Cerebras backer Eclipse raises $1.3bn for robotics, AI infrastructure. ( Bloomberg)
Bank of America banker Bettamio to be CEO candidate for Brazil’s B3. ( Bloomberg)
EMEA
Top UK port operator’s £10bn sale draws KKR, GIP, DP World. ( Bloomberg)
UK's Capricorn Energy says unit of Saudi's Cafani must make offer by May 6. ( Reuters)
Gamma Communications confirms talks with potential bidders. ( Bloomberg)
Finland is working toward IPO of gambling company Veikkaus. ( Bloomberg)
Swatch urges shareholders to reject US activist’s board election. ( Bloomberg)
APAC
Samsung Electronics' shareholder Shinhan Bank launches $2.1bn share sale - term sheet. ( Reuters)
Hesai, Taikang Life are said to plan investing in Manycore Tech’s Hong Kong IPO. ( Bloomberg)
AI K-pop Startup Galaxy aims for IPO in Seoul, New York. ( Bloomberg)
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AMERICAS
MPE Partners-backed SKB Cases, a global manufacturer of protective transport cases, completed the acquisition of NANUK, a Canadian manufacturer specializing in high-performance, indestructible, injection-molded protective cases, according to press releases. Financial terms were not disclosed.
NANUK was advised by PricewaterhouseCoopers and BCF Business Law. MPE Partners was advised by Jones Day and Stikeman Elliott. Debt financing was provided by Apogem Capital, according to press releases.
First Reserve, a private equity firm, completed the acquisition of a majority stake in Lindsey Systems, a US-based manufacturer of highly engineered products and solutions for electric power grid infrastructure, according to press releases. Financial terms were not disclosed.
First Reserve was advised by Joele Frank (led by Erik Carlson and Madeline Jones) and Vinson & Elkins. Lindsey Systems was advised by B. Riley Securities and Stradling Yocca Carlson & Rauth, according to press releases.
Centerbridge Partners-backed Precinmac, a manufacturer of high-complexity precision components, completed the acquisition of Precision Aerospace Holdings, a Dallas-based technology company specializing in manufacturing and machining complex components for defense, aerospace and space programs, according to press releases. Financial terms were not disclosed.
Precision Aerospace Holdings was advised by Baker Botts and Lincoln International. Precinmac was advised by Vinson & Elkins and Kekst CNC (led by Anntal Silver and Daniel Hoadley), according to press releases.
A consortium of investors led by OXIO, a pioneering telecom-as-a-service platform, and Newfoundland Capital Management, an independent alternative investment manager, agreed to acquire Movistar Mexico, a telecommunications operator and wireless carrier, from Telefónica, a Spanish multinational telecommunications company, for $450m, according to press releases.
OXIO is advised by Treble Public Relations (led by Elizabeth Kalwick). Telefónica is advised by JP Morgan, according to press releases and MergerLinks data.
New State Capital Partners and Amethyst Capital-backed Harrell-Fish, a full-service mechanical contractor specializing in multi-family and commercial projects, completed the acquisition of Ecofriendly Mechanical, a HVAC company specializing in energy-efficient residential and commercial heating, HVAC, and air conditioning services, according to press releases. Financial terms were not disclosed.
Harrell-Fish was advised by Calfee Halter & Griswold and Llorente Y Cuenca (led by Joanne Lessner), according to press releases.
MSCI, a global provider of financial data and investment support tools for institutional investors, completed the acquisition of PM Insights, a specialist financial data and analytics firm that provides daily transparency into private markets, according to press releases. Financial terms were not disclosed.
PM Insights was advised by Herax Partners, according to MergerLinks data.
Steele Solutions, a provider of engineered solutions for the material handling industry, completed the acquisition of Maysteel Industries, a precision sheet‑metal fabricator providing custom, engineered OEM solutions, according to press releases. Financial terms were not disclosed.
Steele Solutions was advised by Stream Creative, according to press releases.
RBC leading $1.1bn loan for nuclear services firm buyout. ( Bloomberg)
The bank is considering selling the debt to institutional investors as early as June as part of the financing process, though the timing and structure may change.
First Brands judge delays sale of 12 brands to allow late bid. (Bloomberg )
A federal judge has ruled that bankrupt auto‑parts maker First Brands Group must give a late‑arriving bidder the opportunity to submit an offer for some of its best‑known brands.
Noco has until Friday to bid for at least one of the 12 brands First Brands is selling as part of its multibillion‑dollar bankruptcy process, Judge Christopher Lopez said during a court hearing. Noco has argued it was previously denied a fair opportunity to participate in the bidding.
Elliott’s Citgo bid bogged down by US price, risk concerns. ( Bloomberg)
The issues have complicated discussions around the proposed transaction, delaying progress on a deal structure that would secure approval from US authorities.
Aerospace, defense parts maker Arxis seeks $1.06bn in IPO. ( Bloomberg)
Arxis, a manufacturer of electronic and mechanical components for aerospace and defense customers, is seeking to raise up to $1.06bn in an initial public offering in the US.
The Bloomfield, Connecticut‑based company plans to offer 37.7m shares at a price range of $25 to $28 each, its filing with the US Securities and Exchange Commission showed. At the top of the range, Arxis would have a market value of about $11.2bn based on the outstanding shares listed in the filing.
ArcLight announces final Fund VIII close of $3.9bn. ( Press Release)
ArcLight Capital Partners has closed ArcLight Infrastructure Partners Fund VIII with total commitments of $3.9bn, exceeding its $3bn fundraising target.
The firm said capital raised across all vehicles over the past 24 months has exceeded $6bn, expanding its capacity to invest alongside partners across its infrastructure strategies.
Cerebras backer Eclipse raises $1.3bn for robotics, AI infrastructure. ( Bloomberg)
Venture capital firm Eclipse has raised $1.3bn to invest in startups focused on physical industries, including artificial‑intelligence infrastructure, manufacturing and defense.
The fundraising was disclosed in filings with the US Securities and Exchange Commission. The total includes $720m earmarked for early‑stage investments and $591m allocated to later‑stage deals.
Bank of America banker Bettamio to be CEO candidate for Brazil’s B3. ( Bloomberg)
Alexandre Bettamio of Bank of America is among the candidates under consideration for the role of chief executive officer at B3, Brazil’s stock and derivatives exchange.
The exchange is assessing potential leadership options as part of its succession planning process.
EMEA
Silver Lake and Hellman & Friedman-backed TeamSystem, an Italian tech & AI company, completed the acquisition of Dia Yazilim, a Turkish technology company specializing in cloud-based enterprise resource planning software, according to press releases. Financial terms were not disclosed.
Dia Yazilim was advised by KECOS and Dora Capital. TeamSystem was advised by PricewaterhouseCoopers, Core Finance, Barabino & Partners (led by Georgia Colkin and Paolo Gattavari) and Esin Attorney Partnership (led by Ali Selim Demirel), a member firm of Baker McKenzie, according to press releases and MergerLinks data.
Silver Lake and Hellman & Friedman-backed TeamSystem, an Italian tech & AI company, completed the acquisition of ACD, a major French provider of accounting and management software for accounting firms and professionals, according to press releases. Financial terms were not disclosed.
TeamSystem was advised by Ernst & Young, Herbert Smith Freehills Kramer and Barabino & Partners (led by Georgia Colkin and Paolo Gattavari), according to press releases and MergerLinks data.
Keensight Capital-backed DimoMaint, a European computerized maintenance management system and facility management software provider, completed the acquisition of Camileia, a cloud-based integrated workplace management system vendor, according to press releases. Financial terms were not disclosed.
Keensight Capital was advised by Headland Consultancy (led by Ellen Johnson and Will Thomas), according to press releases.
Triton Partners, a European private equity firm, agreed to acquire Integris Composites, a global manufacturer of protection solutions, from Agilitas, a private equity firm, according to press releases. Financial terms were not disclosed.
Integris Composites is advised by Jefferies & Company, according to press releases.
Accenture, a multinational professional services company, completed the acquisition of Keepler Data Tech, a specialized data and AI consultancy that helps companies build and deploy data products on the public cloud, according to press releases. Financial terms were not disclosed.
Sixth Street Partners-backed Bay Collective, a multi-club ownership platform focused on building women’s football clubs, agreed to acquire a majority stake in Sunderland AFC Women, an English women's football club that plays in the Women's Super League 2, according to press releases. Financial terms were not disclosed.
BGF, a European mid-market private equity and investment firm, completed the investment in Fivium, a London-based GovTech company that develops cloud-based case management software and digital solutions, according to press releases. Financial terms were not disclosed.
Top UK port operator’s £10bn sale draws KKR, GIP, DP World. ( Bloomberg)
The sale of a controlling stake in Associated British Ports has drawn initial interest from potential bidders including KKR and BlackRock's Global Infrastructure Partners.
Brookfield Asset Management and Dubai‑based port operator DP World are also reviewing the asset as part of the early‑stage process.
UK's Capricorn Energy says unit of Saudi's Cafani must make offer by May 6. ( Reuters)
Capricorn Energy confirmed that the deadline for Cafani Group‑affiliated investment vehicle Alamadiyaf al‑Masiyyah to submit a formal takeover offer has been extended by about one month to May 6.
The extension provides the bidder additional time to continue its review and advance discussions around a potential transaction. Capricorn Energy remains subject to the UK Takeover Code while the revised deadline applies.
Gamma Communications confirms talks with potential bidders. ( Bloomberg)
Gamma Communications, a London‑listed telecommunications services company, is in preliminary discussions with several potential suitors.
The talks are at an early stage and may not result in any offers. Barclays is acting as financial adviser to Gamma as it evaluates its options.
Finland is working toward IPO of gambling company Veikkaus. ( Bloomberg)
Finland is taking steps that could eventually lead to a public listing of state‑owned gambling operator Veikkaus, with several milestones still to be completed before the company would be ready for capital markets.
The country plans to open betting services to a licensing system in July 2027, a change that would end Veikkaus’s monopoly over online sports betting and digital slot machines. The reform is expected to alter the company’s operating environment as competition is introduced.
Swatch urges shareholders to reject US activist’s board election. ( Bloomberg)
Swatch Group has recommended that shareholders vote against a proposal by US activist investor Steven Wood to join the Swiss watchmaker’s board.
Wood, the founder of Greenwood Investors, has argued that changes are needed at Swatch, including reducing the influence of the founding Hayek family. He is seeking nomination as the representative of bearer shareholders at the company’s annual general meeting scheduled for May.
APAC
Coatue, a global investment manager, agreed to lead a $505m funding round in Firmus, an Asia-based AI infrastructure company that builds, owns, and operates specialized data centers, and provides GPU-as-a-Service to global hyperscalers, at a $5.5bn valuation, with participation from Nvidia, according to press releases.
Samsung Electronics' shareholder Shinhan Bank launches $2.1bn share sale. ( Reuters)
Shinhan Bank has launched a sale of about $2.1bn worth of Samsung Electronics shares.
The shareholder is offering 15m shares at a price range of KRW204.39k ($136) to KRW208.6k ($139) each, implying a discount of about 0.9% to 2.9% to Samsung Electronics’ Wednesday closing price of KRW210.5k ($140).
Hesai, Taikang Life are said to plan investing in Manycore Tech’s Hong Kong IPO. ( Bloomberg)
Hesai Group and Taikang Life Insurance are expected to participate as cornerstone investors in Manycore Tech’s planned initial public offering in Hong Kong.
Cornerstone investors typically receive guaranteed allocations in an IPO in return for agreeing to hold the shares for a specified period following the listing.
AI K-pop Startup Galaxy aims for IPO in Seoul, New York. ( Bloomberg)
Galaxy is considering a potential IPO in Seoul or New York, as the AI‑driven startup looks to apply robotics and automation to K‑pop production. The approach is designed to rethink the industry’s traditional, labor‑intensive K-pop idol system through virtual performers.
Founded by CEO Choi Yong‑ho, the Seoul‑based company integrates artificial intelligence, humanoid robotics, and music creation.
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