Samfara completes the acquisition of Chr. Olesen Synthesis from Chr. Olesen and and Signet Healthcare Partners.

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

Nayax completes the acquisition of IPS Group from Windjammer Capital for $350m.

Nayax, a global commerce enablement, payments and loyalty platform, completed the acquisition of IPS Group, a smart parking infrastructure and technology company, from Windjammer Capital, a private equity firm, for $350m, according to press releases.

Nayax was advised by Jefferies & Company, Reed Smith and Strategy Voice Associates (led by Scott Gamm). Debt financing was provided by Bank Hapoalim and First International Bank of Israel. Windjammer was advised by Harris Williams & Co, Kirkland & Ellis and Gregory FCA (led by Daniel Abramson), according to MergerLinks data and press releases.

Dynatrace completes the acquisition of Arize for $915m.

Dynatrace, an AI-powered observability and security platform, completed the acquisition of Arize, a unified AI observability and LLM evaluation platform, for $915m, according to press releases.

Arize was advised by Qatalyst Partners and DLA Piper. Dynatrace was advised by JP Morgan and Goodwin. TCV was advised by Weil Gotshal and Manges (led by Kyle C. Krpata), according to MergerLinks data and press releases.

Flowco completes the acquisition of Lifting Solutions Energy Services for $113m.

Flowco, an energy services company focused on production optimization and artificial lift, completed the acquisition of Lifting Solutions Energy Services, a manufacturer of artificial lift technologies, for $113m, according to press releases.

Lifting Solutions Energy Services was advised by TPH&Co and Dentons. Flowco was advised by Blake Cassels & Graydon, Troutman Pepper Locke and Vinson & Elkins, according to press releases.

Watkins completes the acquisition of the spice and seasonings business from Sauer Brands.

Watkins, a flavor company specializing in spices, seasonings, extracts and baking decorations, completed the acquisition of the spice and seasonings business from Sauer Brands, a food manufacturing company, according to press releases. Financial terms were not disclosed.

Sauer Brands was advised by Centerview Partners and Foley & Lardner. Watkins was advised by Intrepid Investment Bankers and Faegre Drinker Biddle & Reath, according to press releases and MergerLinks data.

VerifyMe completes the merger with Open World.

VerifyMe, a technology solutions provider specializing in brand protection, product authentication, and high-touch monitoring logistics, completed the merger with Open World, a regional e-government and business technology solutions provider in Eastern Africa, according to press releases. Financial terms were not disclosed.

VerifyMe was advised by Harter Secrest & Emery. VerifyMe was advised by Maxim Group and Latham & Watkins (led by Brittany Ruiz, Scott W. Westhoff, Gregory P. Rodgers, Eli Curi and Kevin M. Richardson), according to press releases and MergerLinks data.

Matador Resources completes the acquisition of Paloma Permian from EnCap Investments for $1.275bn.

Matador Resources, an independent energy company, completed the acquisition of Paloma Permian, an oil and natural gas producing properties holding company, from EnCap Investments, a private equity firm, for $1.275bn, according to press releases.

Paloma Permian and EnCap Investments were advised by RBC Capital Markets and Vinson & Elkins (led by Bryan Loocke). Matador Resources was advised by Baker Botts (led by Preston Bernhisel), according to press releases and MergerLinks data.

Eurofins Scientific completes the acquisition of the North American life sciences testing services business of Element Materials Technology for $400m.

Eurofins Scientific, a Luxembourg-based laboratory testing and bioanalytical services company, completed the acquisition of the North American life sciences testing services business of Element Materials Technology, a UK-based provider of testing, inspection and certification services for highly regulated industries, for $400m, according to press releases.

Element Materials Technology was advised by Houlihan Lokey, A&O Shearman and Borden Ladner Gervais (BLG) (led by Neil Ezra Hazan and Fabio Colias), according to press releases and MergerLinks data.

Cerity Partners completes the merger with Cornerstone Capital.

Cerity Partners, a wealth management and investment advisory firm, completed the merger with Cornerstone Capital, a Palo Alto–based wealth management firm, according to press releases. Financial terms were not disclosed.

Cornerstone Capital was advised by Advice Dynamics Partners and Hanson Bridgett. Cerity Partners was advised by Lowenstein Sandler, according to press releases.

Atlas-backed Stryten Energy completes the acquisition of C&D Technologies and Trojan Battery from KPS Capital Partners.

Atlas-backed Stryten Energy, a manufacturer of advanced energy storage solutions, completed the acquisition of C&D Technologies, a global technology company that manufactures industrial batteries and electronics for power conversion and storage, and Trojan Battery, a global manufacturer of deep-cycle batteries, from KPS Capital Partners, a New York-based private equity firm, according to press releases. Financial terms were not disclosed.

Stryten Energy was advised by Paul Hastings. KPS Capital was advised by Jefferies & Company and Paul Weiss Rifkind Wharton & Garrison (led by Angelo Bonvino, Cullen Sinclair and Daniel D. Fuschillo), according to MergerLinks data and press releases.

Grain Management-backed Rightfiber completes the acquisition of the Nebraska business of Fastwyre Broadband.

Grain Management-backed Rightfiber, a telecommunications and broadband provider, completed the acquisition of the Nebraska business of Fastwyre Broadband, an internet service provider, according to press releases. Financial terms were not disclosed.

Grain Management was advised by H/Advisors. Rightfiber was advised by Alston & Bird. Fastwyre Broadband was advised by Jefferies & Company, according to MergerLinks data and press releases.

Blackstone completes the acquisition of TSC and Applied Systems Engineering.

Blackstone, an alternative asset manager, completed the acquisition of Technology Service Corporation, an engineering company, and Applied Systems Engineering, a global positioning system and inertial navigation system engineering company, and formed Falcata, a defense technology company, according to press releases. Financial terms were not disclosed.

Blackstone was advised by Goldman Sachs and Simpson Thacher & Bartlett (led by Anthony Vernace), according to MergerLinks data and press releases.

CallTower completes the acquisition of the cloud voice and collaboration business from Court Square-backed Momentum Telecom.

CallTower, a global managed services provider, completed the acquisition of the cloud voice and collaboration business from Court Square-backed Momentum Telecom, a global managed connectivity, network, security, and business technology solutions provider, according to press releases. Financial terms were not disclosed.

Momentum was advised by Q Advisors and Dechert (led by Kenneth Young), according to MergerLinks data and press releases.

TXO completes the acquisition of Wesbell.

TXO, a distributor of telecom network hardware products, completed the acquisition of Wesbell, a provider of telecommunications services, according to press releases. Financial terms were not disclosed.

TXO was advised by DLA Piper and Eight Advisory, according to press releases.

Pritzker-backed Energy Distribution Partners weighs strategic sale at valuation exceeding $1bn. (Bloomberg)

Energy Distribution Partners, a privately held propane and light fuels distributor backed by Pritzker Private Capital, is exploring a potential sale that could value the business at more than $1bn.

Discussions are ongoing and no final decision has been reached, while a small group of lenders is evaluating a private-credit staple financing package for the transaction, although some prospective bidders may opt for syndicated financing instead.

Anthropic eyes IPO launch as early as November after delaying listing plans. (Bloomberg)

Anthropic is preparing to move ahead with a public listing as early as mid-November after postponing its initial IPO plans.

The artificial intelligence company behind the Claude chatbot could begin formally marketing the offering during the week of Nov. 9, positioning the shares to start trading before the US Thanksgiving holiday, when dealmaking activity typically slows.

JP Morgan investment banking veteran Hernan Cristerna to retire at the end of 2026. (Reuters)

JP Morgan dealmaker Hernan Cristerna is set to retire from banking at the end of 2026 after a 30-year career with the US lender, stepping down from his role as executive chairman of global investment banking and M&A after advising on some of the industry's most significant takeover transactions.

EMEA

ESCO completes the acquisition of Megger from TBG for $2.35bn.

ESCO, a global provider of highly engineered products and solutions, completed the acquisition of Megger, a global provider of testing, monitoring, and data-driven solutions, from TBG, a private investment firm and family office, for $2.35bn, according to press releases.

Megger and TPG were advised by Rothschild & Co and Willkie Farr & Gallagher. ESCO was advised by JP Morgan, Stephens, Bryan Cave Leighton Paisner (BCLP) (led by Randy Wang). Financial advisors were advised by Cravath Swaine & Moore, according to press releases and MergerLinks data.

CareTrust REIT to acquire 45 new UK care homes from LNT Care Developments for £1.1bn.

CareTrust REIT, a self-administered, publicly-traded real estate investment trust, agreed to acquire 45 new UK care homes from LNT Care Developments, a care home developer and operator, for £1.1bn ($1.46bn), according to press releases.

CareTrust REIT is advised by JP Morgan and Jones Day (led by Anna Cartwright). LNT is advised by Lazard, Freeths and Slaughter & May, according to press releases.

WISeSat.Space goes public via a SPAC with Columbus Acquisition Corp. in a $250m deal.

WISeSat.Space, a space technology company wholly owned by WISeKey, went public via a SPAC with Columbus Acquisition Corp., a special purpose acquisition company, in a $250m deal, according to press releases.

WISeSat.Space was advised by Maxim Group (led by Larry Glassberg), Ellenoff Grossman & Schole (led by Matthew Gray), Harneys and The Equity Group (led by Lena Cati). CAC was advised by Loeb & Loeb and Ogier, according to MergerLinks data and press releases.

UL Solutions completes the acquisition of Electrical & Electronics business of Eurofins Scientific for €575m.

UL Solutions, a company focusing on applied safety science, completed the acquisition of electrical & electronics business of Eurofins Scientific, a provider of food, environmental, pharmaceutical, and cosmetic product testing services, for €575m ($652m), according to press releases.

Eurofins Scientific was advised by Rothschild & Co. UL Solutions was advised by UBS and Latham & Watkins (led by Cathy Birkeland, Emily Cridland and Samuel Newhouse), according to press releases and MergerLinks data.

Pegasus Airlines completes the acquisition of Czech Airlines for €154m.

Pegasus Airlines, a Turkish low-cost airline, completed the acquisition of Czech Airlines, a Czech airline brand and holding company, for €154m ($175m), according to press releases.

Pegasus was advised by JP Morgan, according to MergerLinks data and press releases.

Authentic Brands Group explores potential acquisition of Mattel. (Reuters)

Mattel has received takeover interest from Authentic Brands Group, which is evaluating a transaction that could value the company at over $6bn and represents a significant premium to its recent market value.

UK competition watchdog approves CityFibre takeover of Netomnia amid Nexfibre's $2.7bn backing deal. (Reuters)

Britain's Competition and Markets Authority has raised concerns that Nexfibre's proposed £2bn ($2.7bn) acquisition of Netomnia could significantly reduce competition in the UK fibre broadband market, indicating that CityFibre would have been a more suitable acquirer of the country's second-largest alternative network operator.

TPG joins bidding race for Monzo stake following collapse of £10bn takeover talks. (Sky News)

TPG is among a group of investors exploring the purchase of a minority stake in Monzo, the British digital bank, following the collapse of its multibillion-pound sale discussions with Brazil's Nu Holdings.

The private equity firm is holding preliminary talks with Monzo's advisers about a potential investment, as interest in the fintech remains strong despite the end of the takeover negotiations.

BT seeks regulatory backing for potential acquisition of TalkTalk. (FT)

BT has begun discussions with UK government officials over a potential takeover of TalkTalk, seeking assurances that an acquisition of the heavily indebted broadband provider would not trigger an extensive antitrust investigation.

The talks come as BT weighs a late entry into the auction process for TalkTalk, with the telecoms group assessing whether a deal could be completed without facing significant regulatory obstacles.

Warburg Pincus in talks to buy significant KNDS holding from German shareholder family. (Bloomberg)

Warburg Pincus has held discussions about acquiring a substantial stake in KNDS from the German family that jointly owns the European tankmaker.

The talks come after the German government agreed earlier this year to acquire a 40% interest in KNDS through a transaction linked to a proposed initial public offering, although Berlin could still proceed with a stake purchase even if the company does not pursue a listing.

Cary attracts takeover interest from KKR, Blackstone and Warburg Pincus. (Bloomberg)

KKR, Blackstone and Warburg Pincus are among the firms considering bids for Cary, the windshield repair and replacement company owned by CVC Capital Partners and Nordic Capital.

Initial offers for the business are expected in the coming weeks as several buyout groups evaluate a potential acquisition of the company.

Axis Capital considers potential bid for Irish lender PTSB. (Reuters)

Axis Capital is considering a possible all-cash offer for Permanent TSB at €3.20 ($3.6) per share, valuing the Irish lender at approximately €1.74bn ($1.9bn), just three months after shareholders approved the bank's €1.6bn ($1.8bn) sale to Austria's BAWAG Group.

MNT Halan moves ahead with Egypt IPO amid strong stock market rally. (Bloomberg)

Egyptian fintech unicorn MNT Halan is moving ahead with a long-awaited initial public offering, seeking to capitalize on a strong stock market and growing demand for consumer lending in the country.

The company plans to offer 320m shares, representing about 20% of its equity, through a combination of an institutional private placement and a public offering on the Egyptian Exchange.

HSBC appoints Cantor Fitzgerald banker Paras Jain to lead its global TMT banking business. (Reuters)

HSBC has hired Paras Jain from Cantor Fitzgerald to lead its global technology, media and telecommunications investment banking business.

The London-based lender has appointed the veteran banker as global head of TMT, with the role to be based in New York.

German gas importer SEFE appoints Lazard to help advance its reprivatisation plans. (Reuters)

German state-owned energy group SEFE is working with investment bank Lazard to evaluate options for a potential return to private ownership, as Berlin advances efforts to reshape the country's energy sector.

SEFE, formerly part of Gazprom, was rescued by the German government with a €6.3bn ($7.1bn) bailout in 2022 after its Russian parent withdrew support for the business, which plays a significant role in Germany's energy supply.

APAC

Lynas Rare Earths to acquire Meteoric Resources in an AUD968m deal.

Lynas Rare Earths, a rare-earths mining company, agreed to acquire Meteoric Resources, a mineral exploration and development company, in an AUD968m ($674m) deal, according to press releases.

Meteoric is advised by Macquarie Group, Allens and Pinheiro Neto. Lynas is advised by Barrenjoey Capital Partners, Barbosa Mussnich & Aragao (BMA Advogados) and Mallesons, according to press releases.

BAE Systems considers acquisition of Robin Radar in potential $2.3bn transaction. (Reuters)

Robin Radar Systems has attracted takeover interest from BAE Systems, CVC and Blackstone, with the parties assessing potential offers for the Dutch drone detection specialist in a transaction that could value the company at about $2.3bn.

JD.com poised to secure EU approval for its acquisition of Ceconomy. (Reuters)

JD.com is set to secure European Union approval for its $2.5bn acquisition of German electronics retailer Ceconomy after revising its proposed remedies to address regulatory concerns, marking a key step toward completing the Chinese e-commerce group's expansion into Europe's retail market.

Bain Capital explores potential investment in New World Development. (Bloomberg)

Bain Capital is exploring a potential investment in Hong Kong developer New World Development as the company considers options to reduce its debt burden and strengthen its balance sheet.

Discussions have included a possible transaction that could also involve fresh capital from the controlling Cheng family.

Nvidia-backed Firmus Grid prices blockbuster Australian IPO at AUD11 per share. (Bloomberg)

Nvidia-backed data center operator Firmus Grid has priced its initial public offering at AUD11 ($7.6) per share, paving the way for one of Australia's largest-ever stock market listings.

The offering is expected to raise at least AUD5bn ($3.5bn) and values the company at approximately AUD43.7bn ($30.4bn), with shares scheduled to begin trading on the ASX later this month.

GCash owner Mynt prices nearly $1bn IPO ahead of landmark Philippine listing. (Bloomberg)

Mynt, the fintech company behind the GCash mobile payments platform, has priced its initial public offering at PHP6.60 ($0.10) per share, below the maximum level indicated for what is expected to be the largest IPO in the Philippines this year.

Based on the final pricing, the offering could raise about PHP60.9bn ($973 million) if all PHP9.23bn ($147m) shares, including an over-allotment option, are sold. The listing is widely seen as a test of investor appetite and could provide a boost to the country's subdued equity market.

Pakistan fashion retailer Khaadi eyes record IPO to support expansion plans. (Bloomberg)

Pakistan fashion retailer Khaadi is preparing a record initial public offering next month, seeking to raise between INR6.2bn ($64m) and INR8.3bn ($86) to fund the expansion of its retail network.

The company, a subsidiary of Weaves and backed by the International Finance Corporation as a minority shareholder, could complete the largest IPO by a private company in Pakistan's history if the offering is priced at the top end of its range.

Tencent-backed Infinigence AI files confidentially for planned Hong Kong IPO. (Bloomberg)

Chinese AI cloud infrastructure provider Infinigence AI is moving ahead with plans for a Hong Kong stock market listing that could take place in the first half of next year. The company, which provides computing resources for artificial intelligence applications, recently submitted a confidential filing for an IPO that could raise several hundred million dollars.

Infinigence AI, whose investors include Tencent, Baidu and Z.AI, has secured CNY4.3bn ($641m) in funding since its launch in 2023 and carries a pre-IPO valuation of about CNY14.3bn ($2.1bn).

HDFC Bank names Anup Bagchi as its new CEO. (Reuters)

India's HDFC Bank names Anup Bagchi as CEO for a three-year term, marking the first time an external candidate will lead the lender.

Daily Review

Connect the World of Dealmakers