Seven2 completes the acquisition of a majority stake in HRK LUNIS from J.C. Flowers.

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AMERICAS

Clubessential to merge with Xplor Technologies.

Clubessential, a provider of Software as a Service and embedded payment solutions, agreed to merge with Xplor Technologies, a global platform providing software and embedded payments solutions, according to press releases. Financial terms were not disclosed.

Xplor Technologies is advised by Barclays, Goldman Sachs, UBS and Weil Gotshal and Manges (led by Ramona Nee). Clubessential is advised by JP Morgan and Cooley, according to MergerLinks data and press releases.

Insight Partners to acquire Solovis from Nasdaq.

Insight Partners, a global investor, agreed to acquire Solovis, a financial technology platform, from Nasdaq, a global technology company. Financial terms were not disclosed.

Solovis and Nasdaq are advised by Skadden Arps Slate Meagher & Flom (led by Jeffrey Brill). Nasdaq is advised by Evercore. Insight Partners is advised by Willkie Farr & Gallagher, according to MergerLinks data and press releases.

Sheridan Capital Partners completes the investment in National Care Systems.

Sheridan Capital Partners, a healthcare private equity firm, completed the investment in National Care Systems, a provider of revenue cycle management software, according to press releases. Financial terms were not disclosed.

Sheridan Capital was advised by Robert W Baird, Sidley Austin and Stanton PRM, according to press releases.

General Atlantic completes the investment in OSEA Malibu.

General Atlantic, a global investor, completed the investment in OSEA Malibu, a skincare brand, according to press releases. Financial terms were not disclosed.

OSEA was advised by Raymond James and Sidley Austin. General Atlantic was advised by Paul Weiss Rifkind Wharton & Garrison (led by Neil Goldman), according to MergerLinks data and press releases.

Fuerte Metals to acquire Coffee Project in Yukon from Newmont Corporation for $150m.

Fuerte Metals, a resource company focused on copper and precious metals projects, agreed to acquire Coffee Project in Yukon from Newmont Corporation, a mining company, for $150m, according to press releases.

Newmont is advised by BMO Capital Markets and Goodmans, according to press releases.

Keensight Capital to acquire a majority stake in Isto Biologics from Thompson Street Capital Partners.

Keensight Capital, a private equity manager, agreed to acquire a majority stake in Isto Biologics, a medtech company developing and manufacturing orthobiologic products, from Thompson Street Capital Partners, a middle-market private equity firm, according to press releases. Financial terms were not disclosed.

Keensight is advised by Headland Consultancy (led by Stephanie Ellis). Thompson Street is advised by Gregory FCA (led by Jeremy Milner), according to press releases.

Leeds Equity-backed 95 Percent Group completes the acquisition of All About Learning Press.

Leeds Equity-backed 95 Percent Group, a trusted source for comprehensive, proven literacy programs, completed the acquisition of All About Learning Press, a provider of structured, multisensory literacy products for homeschool families and educators, according to press releases. Financial terms were not disclosed.

All About Learning Press was advised by Angle Advisors. Leeds Equity was advised by Polsinelli, according to press releases.

Mitchell Family Office completes the acquisition of Cos Bar.

Mitchell Family Office, a private investment firm, completed the acquisition of Cos Bar, a luxury multi-brand beauty retailer, according to press releases. Financial terms were not disclosed.

Mitchell Family Office was advised by Lincoln International, according to MergerLinks data.

Argosy Private Equity and Bluejay Capital-backed BWT Logistics completes the acquisition of RAZR Logistics from Johnson Storage & Moving.

Argosy Private Equity and Bluejay Capital-backed BWT Logistics, a national third party logistics, warehousing and transportation company, completed the acquisition of RAZR Logistics, a contract logistics and on-demand warehousing provider, from Johnson Storage & Moving, a full service provider moving & storage of household goods, according to press releases. Financial terms were not disclosed.

Bluejay was advised by RAM Communications (led by Ron Margulis), according to press releases.

TikTok buyers to include Oracle, Silver Lake and Andreessen. (Bloomberg)

TikTok’s US operations would be acquired by a consortium including Oracle, Andreessen Horowitz, and private equity firm Silver Lake under a deal set for discussion between President Donald Trump and Chinese President Xi Jinping.

The framework, unveiled after two days of US-China talks in Madrid, would establish a US-based version of the popular social media app, with Oracle, Andreessen, and Silver Lake taking stakes in the new venture.

Del Monte Group said to consider up to $800m equity. (Bloomberg)

Del Monte Group is considering raising up to $800m in equity to reduce debt, working with a financial adviser on a potential rights issue or placement.

The process is at an early stage with no final decisions made, as the company evaluates market conditions and investor interest.

Five Point-backed WaterBridge raises $634m in US IPO. (Reuters)

WaterBridge Infrastructure raised $634m in its US initial public offering, marking another sign of momentum in the listings market. The Houston-based oilfield water management company sold 31.7m shares at $20 each, the top of its $17–$20 range, giving it a valuation of $2.3bn.

The debut comes during a busy period for IPOs, with StubHub, Netskope and Pattern also preparing to list this week, highlighting renewed investor appetite for new offerings.

Brookfield's Rockpoint Gas Storage is said to weigh Toronto IPO. (Bloomberg)

Rockpoint Gas Storage, Brookfield Asset Management’s North American natural gas storage platform, is exploring an initial public offering in Canada. The move would mark the platform’s first public share sale and could tap investor interest in energy infrastructure.

Royal Bank of Canada and JP Morgan are advising on the potential IPO, which could occur as soon as September. The transaction remains subject to market conditions and regulatory approvals.

EMEA

IonQ completes the acquisition of Oxford Ionics for $1bn.

IonQ, a quantum computing company, completed the acquisition of Oxford Ionics, a company specializing in trapped-ion quantum computing systems, for $1bn, according to press releases.

Oxford Ionics was advised by Morgan Stanley, Torch Partners and Hogan Lovells (led by Simon Grimshaw). IonQ was advised by Paul Weiss Rifkind Wharton & Garrison (led by Chelsea Darnell, Robert Kindler and Dan Schuster-Woldan) and Joele Frank. Prosus Ventures was advised by FGS Global, according to MergerLinks data and press releases.

I Squared Capital to acquire a majority stake in ENTEK for $800m.

I Squared Capital, an infrastructure investment manager, agreed to acquire a majority stake in ENTEK, a global manufacturer of battery separators, for $800m, according to press releases.

ENTEK is advised by William Blair & Co, Holland & Knight and Troutman Pepper Locke. I Squared is advised by Kirkland & Ellis and Brunswick Group (led by Alex Yankus), according to press releases.

LLCP completes the acquisition of a majority stake in ENTRO Service.

Levine Leichtman Capital Partners, a global middle-market private equity firm, completed the acquisition of a majority stake in ENTRO Service, a testing, inspection, repair and installation services provider for entrance, fire safety and access control systems, according to press releases. Financial terms were not disclosed.

LLCP was advised by Fortlane Partners, h&z Unternehmensberatung, Alvarez & Marsal and Milbank. Debt financing was provided by Carlsquare, according to press releases.

Waypoint Asset Management to acquire PRS Holdco from The PRS REIT for £646m.

Waypoint Asset Management, a real estate investment and asset management firm, agreed to acquire PRS Holdco, the holding company of PRS REIT portfolio of property assets, from The PRS REIT, a closed-ended real estate investment trust, for £646m ($881m), according to press releases.

PRS REIT is advised by G10 Capital, Singer Capital Markets (led by James Moat) and KTZ Communications (led by Katie Tzouliadis), according to press releases.

Baird Capital completes the $53m investment in EvoluteIQ.

Baird Capital, an investment firm, completed the $53m investment in EvoluteIQ, a native AI platform that can be used to automate end-to-end processes across any industry, according to press releases.

EvoluteIQ is advised by Rothschild & Co, according to MergerLinks data.

CoreWeave commits £1.5bn to power UK AI innovation and growth through sustainable computing. (Press Release)

CoreWeave will invest an additional £1.5bn ($2bn) in AI data centre capacity and operations in the UK, bringing its total commitment in the country to £2.5bn ($3.4bn). The expansion is intended to support the government’s Compute Roadmap and provide advanced infrastructure for enterprises, research institutions and startups.

The investment, announced during President Donald Trump’s state visit to the UK, includes a partnership with NVIDIA and DataVita in Scotland to deploy next-generation GPUs powered by renewable energy and efficient cooling technology. CoreWeave expects the initiative to create local jobs while positioning Britain as a hub for AI innovation.

Verisure files for €3.1bn IPO, Europe's biggest since 2022. (Bloomberg)

Alarm firm Verisure plans to raise about €3.1bn ($3.7bn) in an initial public offering in Stockholm, marking Europe’s largest IPO in three years.

Proceeds will be used to reduce debt and fund an acquisition, with the offering including new shares and €235m ($278m) from two existing investors. US private equity firm Hellman & Friedman, Verisure’s largest shareholder, will retain most of its stake.

Momentum mulls IPO for its venture with Indian billionaire Birla. (Bloomberg)

Momentum Group is exploring an initial public offering for its Indian venture with billionaire Kumar Mangalam Birla, as the South African insurer seeks to accelerate its expansion in Asia’s third-largest economy. The move comes amid a broader strategy to increase its footprint in high-growth markets.

The Pretoria-based company has $172 m in excess capital, with roughly a third earmarked to expand its South African operations and develop additional services in India. Momentum currently holds a 44% stake in Aditya Birla Health Insurance, positioning it to leverage growth in the country’s insurance sector.

APAC

Japan's JERA in advanced talks to buy $1.7bn of US shale gas assets. (Reuters)

Japan’s top power generator JERA is the leading bidder for natural gas assets in the US valued at about $1.7bn. The assets, in the Haynesville basin, are held by GEP Haynesville II, a joint venture between GeoSouthern Energy, backed by Blackstone, and Williams Companies.

The potential purchase reflects Japan’s effort to secure long-term energy supplies from the US, following recent trade agreements and growing interest in shale and gas production.

Hang Seng Bank weighs sale of $1bn property loan portfolio. (Bloomberg)

Hang Seng Bank is preparing to sell a property-backed loan portfolio valued at $1bn or more, aiming to reduce non-performing debt accumulated during Hong Kong’s commercial real estate downturn.

The portfolio includes loans secured by assets from developers such as Emperor International Holdings and Tai Hung Fai Enterprise. The sale is in its early stages and terms may evolve.

Vitol and Glencore set to make formal bids for Chevron's Singapore refinery stake. (Reuters)

Vitol and Glencore are preparing formal offers for Chevron’s 50% stake in Singapore’s second-largest refinery. The plant can process about 290k barrels of crude per day and the entire facility is valued at roughly $1bn.

Chevron shortlisted the two traders earlier this month and is expected to seek binding bids in October as it reviews options for the stake. The refinery plays a key role in Singapore’s position as a regional refining and trading hub, attracting interest despite heavy investment needs and challenging market conditions.

TA Associates is said to delay OmniActive sale on tariff concern. (Bloomberg)

TA Associates is delaying the planned sale of its majority stake in India’s OmniActive Health Technologies, amid uncertainty over the impact of US tariffs on the business.

The private equity firm, which owns a controlling interest in the dietary supplements, food, and drinks maker, may now wait until at least 2026 before launching a formal sale process. The postponement reflects caution over market conditions and potential trade-related risks affecting OmniActive’s exports.

China Southern Power is said in talks to buy Chile's Transelec. (Bloomberg)

China Southern Power Grid is in advanced discussions to acquire a controlling stake in Chilean power transmission company Transelec, potentially one of the largest Chinese outbound deals of 2025 year.

The state-owned electricity operator, which already owns nearly 28% of Transelec, is exploring a joint bid with Latin America-focused asset manager Patria Investments and a Chinese sovereign wealth fund for stakes held by three Canadian pension funds.

Yao Ming-Backed Chinese gym chain Supermonkey is said to mull stake sale. (Bloomberg)

Chinese pay-as-you-go gym chain Supermonkey is exploring strategic options, including a potential stake sale, as part of efforts to bring in fresh capital and support its expansion plans.

The company is working with a financial adviser to gauge interest from potential buyers, with a transaction potentially valued at several hundred million dollars. The discussions are at an early stage and no final decisions have been made.

China's Chery auto seeks up to $1.2bn in Hong Kong IPO. (Bloomberg)

Chery Automobile is planning to raise $1.2 bn through a Hong Kong initial public offering, one of the busiest periods for major listings in the city. Proceeds are expected to support domestic operations, international expansion, and R&D investments.

The carmaker will offer 297.4 m shares at $3.57 to $3.95 each, with trading set to begin on September 25, tapping investor demand in Hong Kong’s active IPO market.

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