Shield AI completes the acquisition of Aechelon Technology from Sagewind Capital.

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AMERICAS

Ridgepost Capital completes the acquisition of Stellus Capital Management.

Ridgepost Capital, a multi-asset class private markets solutions provider, completed the acquisition of Stellus Capital Management, a US direct lender focused on the lower-middle market, for $250m, according to press releases.

Ridgepost Capital was advised by Kirkland & Ellis, Troutman Pepper Locke and Prosek Partners (led by Joshua Clarkson). Stellus Capital Management was advised by Goldman Sachs, Eversheds Sutherland and Winston & Strawn, according to press releases.

Europastry to acquire Highland Baking Company.

Europastry, a company specializing in frozen bakery products, agreed to acquire Highland Baking Company, a US-based family-owned commercial bakery, according to press releases. Financial terms were not disclosed.

Europastry is advised by PricewaterhouseCoopers, JP Morgan, Cuatrecasas Goncalves Pereira and Greenberg Traurig. Highland Baking Company is advised by Lincoln International and Much Shelist, according to press releases.

Platinum Equity to acquire Tangent Technologies from The Sterling Group.

Platinum Equity, an American private equity investment firm, agreed to acquire Tangent Technologies, a manufacturer of high-performance synthetic materials, from The Sterling Group, a private equity investment firm, according to press releases. Financial terms were not disclosed.

Platinum Equity is advised by Alston & Bird and Gibson Dunn & Crutcher. The Sterling Group is advised by Lincoln International, Moelis & Co and McDermott Will & Schulte, according to press releases.

Public Storage to acquire Public Storage Canada for $1.2bn.

Public Storage, a REIT that acquires, develops, owns, and operates self-storage facilities, agreed to acquire Public Storage Canada, self-storage real estate investment trust operating in Canada, for $1.2bn, according to press releases.

Public Storage is advised by Allen Matkins Leck Gamble Mallory & Natsis and Osler Hoskin & Harcourt. Public Storage is advised by Torys, Kekst CNC and Wachtell Lipton Rosen & Katz (led by Adam Emmerich, Ronald Chen and Kyle M. Diamond), according to press releases and MergerLinks data.

PORT 32 Marinas to merge with Acme Marinas.

PORT 32 Marinas, a US-based owner, operator, developer and acquirer of marina assets, agreed to merge with Acme Marinas, a private investment firm and real estate platform that acquires and operates premium coastal marinas, according to MergerLinks data. Financial terms were not disclosed.

PORT 32 Marinas is advised by Lazard and Latham & Watkins. Acme Marinas is advised by Moelis & Co and Jones Day, according to MergerLinks data.

Bristow Group to acquire Berry Aviation from Acorn Capital Management for $105m.

Bristow Group, a global provider of innovative and sustainable vertical flight solutions, agreed to acquire Berry Aviation, an American charter airline, from Acorn Capital Management, a private equity and alternative investment firm, for $105m, according to press releases.

Bristow Group is advised by Solomon Partners, Baker Botts and Joele Frank (led by Andrew B. Siegel, Lyle Weston and Maggie Carangelo), according to press releases.

Valiant Energy Management completes the acquisition of VanDeMark Chemical.

Valiant Energy Management, an institutional investor focused on acquisitions across the energy and industrial sectors, completed the acquisition of VanDeMark Chemical, a specialty chemical manufacturing company. Financial terms were not disclosed.

Valiant Energy Management was advised by Young & Partners (led by Peter Young) and Blank Rome (led by Ryan Haddad). VanDeMark Chemical was advised by Balmoral Advisors, according to press releases.

Patient Square Capital led a $190m Series B round in Osanni Bio.

Patient Square Capital, a healthcare investment firm, led a $190m Series B round in Osanni Bio, a San Francisco-based biopharmaceutical company developing therapeutics to prevent and reverse blindness caused by retinal diseases, with participation from Horowitz Group, Invus Opportunities, and Retinal Degeneration Fund, according to press releases.

Patient Square Capital was advised by Prosek Partners, according to press releases.

A consortium of investors led a $250m Series D round in Peregrine Technologies.

A consortium of investors including Fifth Down Capital, Sequoia Capital, OG Venture Partners, Goldcrest Capital, XYZ Ventures, and Godfrey Capital, led a $250m Series D round in Peregrine Technologies, a data integration platform that helps public safety agencies make data-driven decisions, power real-time operations, and strengthen community relationships, according to press releases.

Qualcomm nears deal for Al chip startup Modular. (Bloomberg)

Qualcomm is in advanced discussions to acquire artificial intelligence infrastructure software company Modular in a deal valuing the business at about $4bn. The transaction would mark a sharp increase from the $1.6bn valuation Modular secured on 24 September 2025.

A deal could be announced in the coming weeks, though discussions remain ongoing and terms may still change. The potential acquisition aligns with Qualcomm’s efforts to expand its presence in AI and data-center infrastructure.

IG4 says it can buy all Raizen debt in cash to gain control. (Bloomberg)

Private equity firm IG4 Capital has indicated it has sufficient capital to acquire Raizen’s debt entirely in cash as it pursues control of the troubled sugar and ethanol producer.

The firm is seeking to accumulate enough of Raizen’s obligations to secure a 50.1% equity stake, positioning itself to take control of the company as it navigates financial challenges.

Tesla holders bet on SpaceX merger as Musk's real endgame. (Bloomberg)

Tesla shareholders have endured a difficult year, with the stock down 14%, while Elon Musk’s SpaceX completed the largest IPO on record and briefly became the most valuable company in his business empire.

The listing has also fueled speculation about a potential combination of Tesla and SpaceX. Some investors view the possibility of a merger as increasingly attractive, particularly if SpaceX’s valuation continues to come under pressure, creating what could become one of the world’s largest technology groups.

Schick razor maker is said to reject unsolicited takeover offer. (Bloomberg)

Edgewell Personal Care, the maker of Schick razors, has rejected an unsolicited takeover proposal from private equity firm Yellow Wood Partners.

The board considered the $30-per-share offer inadequate, while the stock closed at $22.72 in New York trading following reports of the approach.

KKR's Arctos backs $288m Tennessee stadium district. (Bloomberg)

Arctos Partners has teamed up with RVX Ventures and Magellan Development Group to develop mixed-use entertainment districts around sports venues, expanding investment opportunities linked to professional and collegiate athletics.

The partnership’s first project is a $288m joint venture adjacent to the University of Tennessee’s Neyland Stadium. The development will include a 24-story hotel, apartments, a private club, and 100k square feet of entertainment space.

Seacor Marine's top investor pushes board to sell fleet operator. (Bloomberg)

Pointillist Family Office, the largest shareholder of Seacor Marine Holdings, is urging the offshore energy services company to pursue a sale, arguing that its market value fails to reflect the worth of its assets and earnings potential.

In a letter to the board, Pointillist managing member Jorey Chernett stated that Seacor’s net asset value exceeds $20 per share, based on broker appraisals, which is significantly above the company’s current trading level.

Qatar sovereign wealth fund to invest $75m in Doncasters ahead of NYSE debut. (RNS Announcement)

Doncasters Group is seeking to raise up to $746.7m in a US initial public offering, with shares marketed at $28 to $32 each. At the top of the range, the UK aerospace components manufacturer would be valued at about $4.5bn.

The company has also secured a $75m investment commitment from Qatar Investment Authority at the IPO price. Doncasters plans to list on the New York Stock Exchange under the ticker DPC, with Jefferies and Morgan Stanley serving as lead bookrunners.

SoftBank-backed car marketplace Carro is said to explore US IPO. (Bloomberg)

Used-car marketplace Carro is considering a confidential filing for a US initial public offering as soon as this month, testing investor appetite for Southeast Asian technology companies.

The company is working with advisers on a potential listing that could raise up to $500m, though discussions remain ongoing and details, including size and timing, could still change.

Draper Associates Launches Fund 8. (Press Release)

Draper Associates has launched DA8, its latest venture capital fund, marking 12 years since the firm spun out from DFJ and relaunched with outside investors. The fund will continue its focus on backing early-stage founders using deep technology to disrupt long-established industries.

The firm's past investments include Tesla, SpaceX, Coinbase, Robinhood, and Polymarket. DA8 will target entrepreneurs developing technologies with the potential to drive significant industry transformation.

EMEA

Pollen Street Capital to acquire the universal banking division of Vista Equity Partners-backed Finastra.

Pollen Street Capital, a private equity firm, agreed to acquire the universal banking division of Vista Equity Partners-backed Finastra, a financial software company, according to press releases. Financial terms were not disclosed.

Pollen Street Capital is advised by Nomura, Clifford Chance, Paul Weiss Rifkind Wharton & Garrison (led by Stefan Arnold-Soulby) and FGS Global (led by Chris Sibbald). Vista Equity Partners and Finastra are advised by Arma Partners and Kirkland & Ellis, according to press releases and MergerLinks data.

FirstCash to acquire Ramsdens for $273m.

FirstCash, an international operator of pawn stores, agreed to acquire Ramsdens, an operator of pawn stores in the United Kingdom, for $273m, according to press releases.

Ramsdens is advised by Cavendish and Addleshaw Goddard. FirstCash is advised by Jefferies & Company, Alston & Bird, Gowling WLG, and Global IR Group (led by Gar Jackson), according to press releases.

LDC completes the investment in Nu-Style.

LDC, a UK-based private equity firm, completed the investment in Nu-Style, an Aberdeen-based manufacturer specializing in laminate products and wall panels. Financial terms were not disclosed.

LDC was advised by RSM International and Burness Paull. Debt financing was provided by Virgin Money, according to press releases.

RWE to acquire a 35% stake in Amprion for €3.6bn.

RWE, a German multinational energy company, agreed to acquire a 35% stake in Amprion, a German electricity transmission system operator, for €3.6bn ($4.1bn), according to press releases.

RWE is advised by Deutsche Bank and JP Morgan, according to MergerLinks data.

SCHUFA completes the acquisition of STRATECO.

SCHUFA, a private German credit bureau, completed the acquisition of STRATECO, a boutique German management and strategy consulting firm, according to press releases. Financial terms were not disclosed.

SCHUFA was advised by DC Advisory (led by Emanuel Bischofberger and William Liu), according to press releases.

Jeito Capital and Sofinnova Partners led a $165m Series A round in Bionyra Pharma.

Jeito Capital, an investment firm, and Sofinnova Partners, a venture capital company, led a $165m Series A round in Bionyra Pharma, a clinical-stage biopharmaceutical company developing next-generation biologics for severe immunological and inflammatory diseases, with participation from Arkin Bio, Sanofi Ventures, Sixty Degree Capital, Vives Partners and Apollo Health Ventures, according to press releases.

Sofinnova Partners was advised by Linnden Communications, according to press releases.

Investcorp to acquire a majority stake in Smart Managed Solutions.

Investcorp, a global alternative investment firm, agreed to acquire a majority stake in Smart Managed Solutions, a fast-growing UK provider of mechanical and electrical facilities management services, according to press releases. Financial terms were not disclosed.

Stada weighs €6bn takeover of CVC-backed Cooper Consumer Health. (Bloomberg)

Stada is exploring a potential acquisition of Cooper Consumer Health as the German drugmaker seeks to expand through acquisitions following a period of strong profitability.

The company has held preliminary discussions on a deal that could value Cooper at around €6bn ($6.87bn). Deliberations remain at an early stage and may not result in a transaction.

Airbus and Leonardo call for European space champion to take on SpaceX. (FT)

Leonardo, Airbus, and Thales are preparing to seek EU antitrust approval for Project Bromo, an alliance aimed at creating a European space champion to compete with rivals such as SpaceX. The venture would combine satellite manufacturing and other space-related activities.

The proposal is expected to test the EU’s approach to industrial consolidation, with supporters arguing that greater scale is needed to strengthen Europe’s position in the global space sector.

Platinum is said sole remaining bidder for Nestle water unit. (Bloomberg)

Platinum Equity has emerged as the sole remaining bidder for Nestlé’s water business after Clayton Dubilier & Rice exited the process.

The private equity firm is negotiating final terms for the acquisition of a 50% stake in the unit, which includes brands such as Perrier and S.Pellegrino. Discussions are ongoing and may not result in a transaction.

RWE to sell €4.1bn in shares to boost Amprion stake. (Bloomberg)

RWE is considering a capital increase of about €4.1bn ($4.7bn) to fund a larger stake in German transmission system operator Amprion, as the utility deepens its focus on regulated infrastructure assets.

The proceeds would help RWE increase its holding in Amprion to 55%, expanding its exposure to regulated networks that offer stable returns amid Europe’s accelerating electrification and grid investment drive.

Abu Dhabi's MGX raises about $50bn to accelerate Al deals. (Bloomberg)

Abu Dhabi’s MGX has raised nearly $50bn from regional and international investors to accelerate investments in artificial intelligence infrastructure and technology.

The capital was secured from sovereign wealth funds in the Gulf, alongside global pension funds and other large institutional investors, strengthening MGX’s position as a major backer of AI-related projects.

Vimeo parent Bending Spoons, backers seek $1.62bn in IPO. (Bloomberg)

Bending Spoons, the Italian software company known for acquiring underperforming technology businesses, is seeking to raise up to $1.62bn in an initial public offering.

The Milan-based company plans to market 58m shares at $26 to $28 each. Bending Spoons will sell 34.4m shares, while existing investors, including Galileo Quattordici and Baillie Gifford, will offer 23.6m shares.

Monte Paschi CEO Lovaglio says he welcomes interest in bank. (Bloomberg)

Banca Monte dei Paschi CEO Luigi Lovaglio welcomed the competing approaches for the bank, viewing them as recognition of the value created through its turnaround in recent years.

The lender plans to evaluate all available options with stakeholders' interests in mind. Lovaglio noted that Monte Paschi’s transformation has strengthened its position and increased its attractiveness within the Italian banking sector.

APAC

Meta to lead a $900m Series H round in CRED at a $4.5bn valuation.

Meta, a technology company focused on building social platforms, agreed to lead a $900m Series H round in CRED, an Indian fintech company, at a $4.5bn valuation, according to press releases.

IFM Investors passes 50% stake in deal target Atlas Arteria. (Bloomberg)

IFM Investors has increased its holding in Atlas Arteria above 50%, strengthening its position in the Australian toll road operator and advancing its takeover bid.

The fund manager’s offer values Atlas Arteria at AUD7.4bn ($5.2bn) and has been extended until July 7 following the increase in ownership.

CR New Energy's record IPO gets strong retail demand in Shenzhen. (Bloomberg)

China Resources New Energy attracted strong demand as it launched what is set to be the largest IPO in Shenzhen Stock Exchange history. The renewable energy producer raised CNY24.5bn ($3.6bn), underscoring investor appetite for new listings.

The retail tranche was 683 times subscribed after a clawback. The company sold 2.42bn shares at CNY10.11 ($1.49) each, implying a market value of about CNY135bn ($19.9bn).

GM-backed self-driving firm Momenta said to near Hong Kong IPO. (Bloomberg)

Momenta Global is preparing to begin investor education for a Hong Kong initial public offering as early as this week. The autonomous driving technology company, backed by General Motors and Tencent, recently received approval from the Hong Kong stock exchange and has filed updated listing documents.

The deal remains under preparation, with details including size and timing still subject to change. A Hong Kong listing would position Momenta to tap investor demand for autonomous driving and artificial intelligence companies.

Healthcare investors GHO, CBC weigh new global fund to tap into Asia’s boom. (WSJ)

Global Healthcare Opportunities and CBC Group are considering launching a global healthcare fund following their merger, as the combined firm looks to capitalize on Asia’s growing role as an innovation hub.

The newly merged group, which manages more than $21bn in assets, combines CBC’s Asia-Pacific expertise with GHO’s presence in Europe and North America, aiming to support life-science and healthcare companies expanding across regions.

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