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AMERICAS

NorthStar Earth & Space went public via SPAC merger with Viking Acquisition Corp I in a $300m deal.

NorthStar Earth & Space, a technology company specialising in space domain awareness and data management, went public via SPAC merger with Viking Acquisition Corp I, a special purpose acquisition company, in a $300m deal, according to press releases.

NorthStar Earth & Space was advised by Cohen & Company Capital Markets, Greenberg Traurig and Prosek Partners. Viking Acquisition is advised by KingsRock Advisors (led by Gil Ottensoser), Cassels Brock & Blackwell (led by Jonathan Sherman) and Nelson Mullins Riley & Scarborough, according to MergerLinks data and press releases.

C.H. Robinson to acquire RXO for $5.8bn.

C.H. Robinson, a logistics and supply chain services provider, agreed to acquire RXO, a provider of asset-light transportation solutions, for $5.8bn, according to press releases.

C.H. Robinson is advised by Morgan Stanley, Gibson Dunn & Crutcher and Joele Frank. RXO is advised by Goldman Sachs and Paul Weiss Rifkind Wharton & Garrison, according to press releases.

Advanced Drainage Systems to acquire StormTrap from PSP Capital for $530m.

Advanced Drainage Systems, a manufacturer of innovative stormwater and on-site septic wastewater solutions, agreed to acquire StormTrap, a provider of advanced stormwater management solutions, from PSP Capital, a private equity firm, for $530m, according to press releases.

Advanced Drainage Systems is advised by Jefferies & Company and Squire Patton Boggs. StormTrap and PSP Capital are advised by Raymond James, William Blair & Co and Mayer Brown, according to press releases.

MidFirst Bank completes the acquisition of Dallas Capital Bank.

MidFirst Bank, a US-based privately owned bank, completed the acquisition of Dallas Capital Bank, a commercial and private banking institution headquartered in Dallas, according to press releases. Financial terms were not disclosed.

Dallas Capital Bank was advised by Raymond James, Hunton Andrews Kurth and FGS Global. MidFirst Bank was advised by Bank of America and Fenimore Kay Harrison & Ford, according to MergerLinks data and press releases.

Axogen completes the acquisition of BioCircuit Technologies for $200m.

Axogen, a medical technology company focused on peripheral nerve repair and regeneration, completed the acquisition of BioCircuit Technologies, a provider of medical devices for peripheral nerve repair and neuromodulation, for $200m, according to press releases.

BioCircuit Technologies was advised by Piper Sandler and Jones Day (led by William Zawrotny). Axogen was advised by Bank of America and Foley Hoag, according to press releases and MergerLinks data.

Bloomberg completes the acquisition of Canoe Intelligence.

Bloomberg, a financial, software, data, and media company, completed the acquisition of Canoe Intelligence, a developer of data management software designed to streamline investment document management and data extraction, according to press releases. Financial terms were not disclosed.

Canoe Intelligence was advised by Jefferies & Company and Cooley (led by Kevin Cooper and Ariel Rom). Bloomberg was advised by Allens and Davis Polk & Wardwell, according to MergerLinks data and press releases.

Rogers Communications completes the acquisition of the remaining 25% stake in Maple Leaf Sports & Entertainment from Kilmer for CAD4.35bn.

Rogers Communications, a Canadian company specializing in mobile and internet services, completed the acquisition of the remaining 25% stake in Maple Leaf Sports & Entertainment, a professional sports and commercial real estate company, from Kilmer, a specialized sports, media, and entertainment company, for CAD4.35bn ($3.05bn), according to press releases.

Rogers Communications was advised by Davies Ward Phillips & Vineberg. Kilmer was advised by Goodmans, according to MergerLinks data.

KKR completes the acquisition of a 51% stake in the Global Print business of Thomson Reuters for $500m.

KKR completed the acquisition of a 51% stake in the Global Print business of Thomson Reuters, a content and technology company serving professional markets, for $500m, according to press releases.

Thomson Reuters was advised by Centerview Partners and Baker McKenzie, according to MergerLinks data and press releases.

Bed Bath & Beyond terminates the acquisition of Fathom.

Bed Bath & Beyond, an American home furnishings retailer, terminated the acquisition of Fathom, a national, technology-driven real estate services platform, according to press releases. Financial terms were not disclosed.

Fathom was advised by Gateway Group and Okapi Partners, according to press releases.

AstraZeneca completes a $2bn investment in Summit Therapeutics.

AstraZeneca, a research-based biopharmaceutical company specializing in the research and development of innovative therapies, completed a $2bn investment in Summit Therapeutics, a clinical-stage oncology biopharmaceutical company focused on developing advanced cancer therapies, according to press releases.

Summit Therapeutics was advised by BakerHostetler, according to press releases.

Saluda Grade led a $120m Series D round in Homeward.

Saluda Grade, a vertically integrated asset-based credit investment firm, led a $120m Series D round in Homeward, a provider of cash-backed real estate financing solutions, with participation from Continental General, Citi Ventures, Magnetar, Harmony Partners, Norwest, Adams Street Partners, LiveOak Ventures, Parker89, Era Ventures, Javelin Venture Partners, according to press releases.

Homeward was advised by Mother Bear Agency, according to press releases.

Fairtide Partners completes a $800m investment in Maxwell Power.

Fairtide Partners, a private investment management and private equity firm, completed a $800m investment in Maxwell Power, a renewable energy company, according to press releases.

Andreessen Horowitz and Accel led a $255.5m Series B round in Armadin.

Andreessen Horowitz and Accel, a venture capital firms, led a $255.5m Series B round in Armadin, an AI-native cybersecurity company, with participation from Bain Capital Ventures, Redpoint, 8VC, Ballistic Ventures, Google Ventures, In-Q-Tel, Kleiner Perkins, and Menlo Ventures, according to press releases.

Paramount’s $52bn debt financing clears way for Warner Bros. Discovery takeover. (Bloomberg)

Paramount Skydance has completed the sale of $52bn of loans and bonds in just one week to finance its acquisition of Warner Bros. Discovery, concluding a months-long debt-raising process that had delayed the transaction.

The financing clears the way for David Ellison’s company to close the $110bn takeover by October 6, giving Paramount control of Warner’s film, streaming, and gaming businesses.

Eni, Repsol consider selling part of top Venezuela gas field. (Bloomberg)

Eni and Repsol are considering bringing outside investors into Venezuela’s Perla gas field, with each company potentially selling part of its 50% stake to raise capital for further development.

The offshore field is one of Venezuela’s largest natural gas assets. The discussions come as US policy shifts seek to encourage greater investment in the country’s energy sector, though no transaction has been agreed.

Solidion proposes all-cash acquisition of Flux Power. (Press Release)

Solidion Technology has proposed acquiring 100% of Flux Power in an all-cash transaction and said it intends to continue pursuing the deal despite resistance from Flux management and its board. The proposal is non-binding and remains subject to due diligence, financing considerations, approvals, and definitive documentation.

Solidion said Flux would provide an established revenue base, customer relationships, manufacturing capabilities and market access that could accelerate its battery commercialization strategy. It also pointed to Flux’s weaker financial position, including $42.1m of fiscal 2026 revenue, a $7.4m net loss and approximately $0.3m of cash at year-end, as justification for a change in ownership.

Nscale hires Meta’s Justin Osofsky as COO ahead of IPO. (Bloomberg)

Nscale has hired longtime Meta executive Justin Osofsky as chief operating officer as the AI infrastructure company prepares for an IPO and accelerates its international expansion.

Osofsky spent 18 years at Meta and was most recently chief partnerships officer. He will report to CEO Josh Payne and oversee global operations. Nscale develops large-scale AI infrastructure, including data center and compute capacity for customers running advanced AI workloads, and is scaling the business ahead of a planned listing.

Ellison to install Paramount film chiefs over Warner Studios. (Bloomberg)

Paramount Skydance CEO David Ellison plans to put Paramount Pictures chiefs Dana Goldberg and Josh Greenstein in charge of the combined film studio operations once the company completes its $110bn acquisition of Warner Bros. Discovery.

The appointments would place Paramount’s current film leadership at the top of Warner Bros. Pictures as Ellison begins reshaping management across the enlarged entertainment group.

EMEA

Henkel completes the acquisition of Stahl from Wendel, BASF, and Clariant for €2.1bn.

Henkel, a German multinational chemical and consumer goods company, completed the acquisition of Stahl, a company specializing in coatings and treatments for flexible substrates, from Wendel, an investment company, BASF, a chemical manufacturing company, and Clariant, a specialty chemicals company, for €2.1bn ($2.36bn), according to press releases.

Henkel was advised by Clifford Chance. Wendel was advised by Morgan Stanley, A&O Shearman, Kekst CNC and Primatice. Clariant was advised by FGS Global, according to MergerLinks data.

Slate Asset Management and OneIM to acquire eight grocery-anchored retail parks from Tellus Eiendom for approx. €250m.

Slate Asset Management and OneIM, a global alternative investment managers, agreed to acquire eight grocery-anchored retail parks from Tellus Eiendom, a private Norwegian real estate company, for approx. €250m ($281m), according to press releases.

Slate Asset Management is advised by ABG Sundal Collier, Crowe Global, Schjodt, FGS Global and Veridian. OneIM is advised by Greenbrook, according to press releases.

BT Group completes the acquisition of TalkTalk Telecommunications and PlatformX Communications for £400m.

BT Group, an integrated telecommunications group, completed the acquisition of consumer broadband providers TalkTalk Telecommunications and PlatformX Communications, for £400m ($530m), according to press releases.

TalkTalk Telecommunications is advised by Barclays and Morgan Stanley. BT Group is advised by Alvarez & Marsal and Clifford Chance, according to MergerLinks data and press releases.

Generali to acquire a 9.9% stake in Banco de Crédito Cooperativo for €150m.

Generali, an insurance and asset‑management provider, agreed to acquire a 9.9% stake in Banco de Crédito Cooperativo, a cooperative bank based in Almería, for €150m ($169m), according to press releases.

Generali was advised by Deloitte and Garrigues, according to press releases.

Accel-KKR-backed Basware completes the acquisition of Trustpair.

Accel-KKR-backed Basware, a provider of cloud-based P2P and e-invoicing solutions, completed the acquisition of Trustpair, a fintech company that provides automated payment fraud prevention and supplier account validation solutions, according to press releases. Financial terms were not disclosed.

Trustpair was advised by Houlihan Lokey, according to MergerLinks data.

Italgas to acquire a 22.5% stake in Floene from Marubeni and Toho Gas for €120m.

Italgas, a natural gas distribution operator, functioning as an international network tech company, agreed to acquire a 22.5% stake in Floene, a gas distribution operator, from Marubeni, a Japanese trading company, and Toho Gas, an energy company that supplies natural gas, electricity, liquefied natural gas, and liquefied petroleum gas, for €120m ($135m), according to press releases.

Monte dei Paschi's largest shareholder supports higher €34.5bn Intesa bid. (FT)

Delfin, Banca Monte dei Paschi di Siena’s largest shareholder with a 17.6% stake, has backed Intesa Sanpaolo’s increased takeover offer after the bidder raised the cash component by €800m ($937m).

Intesa increased its offer by €0.25 ($0.29) per MPS share, valuing the bank at €10.34 ($12.11) per share based on June 5 prices. The bank has said it will withdraw the bid if MPS shareholders approve CEO Luigi Lovaglio’s plan to acquire Banco BPM and Banca Generali, effectively forcing investors to choose between the two strategies.

Sainsbury’s held merger talks with smaller rival Morrisons. (FT)

J Sainsbury and Morrisons held preliminary merger discussions earlier in 2026, although the talks are not currently active. Morrisons owner Clayton Dubilier & Rice is understood to remain open to a combination with a major UK supermarket rival.

A tie-up would represent a major consolidation of the grocery sector, with a combined Sainsbury’s-Morrisons group holding about 23.8% of the UK market, compared with Tesco’s 28.2%. Any transaction would still face competition scrutiny, though industry participants believe the rise of Aldi and Lidl has changed the regulatory backdrop since previous attempted supermarket mergers.

Supermarket giant Tesco weighs takeover bid for Majestic Wine. (Sky News)

Tesco is among the bidders considering an acquisition of Majestic Wine Group, which has been put up for sale by owner Fortress Investment Group. A formal auction began several weeks ago, with multiple parties understood to be involved.

Majestic operates more than 200 stores across the UK and Jersey and has expanded under Fortress through new openings, online growth and acquisitions including Vagabond Wines and Enotria. A sale is expected to value the business at several hundred million pounds.

Digi International announces intent to acquire Disruptive Technologies for $130m. (Press Release)

Digi International announces intent to acquire Disruptive Technologies for $130m in cash to strengthen the sensing layer of its SmartSense platform and broaden its physical-world data capabilities for enterprise AI. Disruptive Technologies deploys more than 250k sensors, with long battery life, and broader sensing applications across food, healthcare, building automation, and occupancy.

The deal also gives Digi its first meaningful commercial presence in Europe and is intended to help multinational customers standardize monitoring across regions. Digi expects the combination to deepen its ability to turn real-world sensor data into AI-driven insights and automated workflows, while contributing about $9m of additional adjusted EBITDA and free cash flow in FY28.

Kurt Geiger owner steps away from Harrods and Selfridges shoe departments. (Sky News)

Steve Madden is exploring a sale of the business that manages footwear departments in Harrods, Selfridges and other luxury department stores after acquiring Kurt Geiger in 2025 for £289m ($389m).

The process is at an early stage and is being handled by Solomon Partners. The identity of potential buyers and the value of the business being marketed have not been disclosed.

Saudi IPO proposals face bank pushback over unsold share risk. (Bloomberg)

Banks are pushing back against proposed Saudi listing-rule changes that would require underwriters to buy any IPO shares left unsold by investors, potentially leaving them exposed to the full size of an offering.

The proposals are part of a broader overhaul by the Capital Market Authority, but bankers have warned that shifting more placement risk onto underwriters could make them more cautious about backing new deals and further weaken an already softer IPO market.

Headline raises $400m EU VIII fund for early-stage European startups. (Press Release)

Headline has launched its eighth Europe-focused early-stage fund with $400m to invest in Seed and Series A companies across the continent, with a particular focus on AI.

The fund complements Headline’s $900m Global Growth Fund, allowing the firm to back European founders from initial rounds through later-stage financings. Headline said it sees stronger potential for globally scaled companies to be built from Europe, particularly across AI, robotics, industrial software, healthcare and defence.

APAC

Nippon Paint to acquire the decorative paints SE Asia business of AkzoNobel for $1.35bn.

Nippon Paint, a global paints and coatings group, agreed to acquire the decorative paints South East Asian business of AkzoNobel, a Netherlands-based global paints and coatings group, for $1.35bn, according to press releases.

AkzoNobel is advised by Goldman Sachs, KPMG and Baker McKenzie (led by Denise Ozmis, Joost Polman and Mohammed Almarini), according to MergerLinks data and press releases.

Boyu said to weigh sale of contract medical device maker Quasar. (Bloomberg)

Boyu Capital is considering a sale of Quasar Medical, a Singapore-based contract manufacturer of medical devices, and has begun early discussions with potential advisers.

A transaction could value Quasar at more than $1bn. The process remains at an early stage and no decision on a sale has been made.

SBI Holdings in talks to back Durianpay as interest in Indonesian fintech deepens. (DealStreetAsia)

A unit of SBI Holdings is in talks to participate in a new funding round for Indonesian payments infrastructure provider Durianpay. The first tranche is expected to be around $5m-$7m, while the total investment could be larger, though terms and valuation remain under discussion.

Durianpay provides payment acceptance, disbursement, settlement, and reconciliation services and is expanding into treasury infrastructure and stablecoin-enabled cross-border payments. The company processed more than $5.5bn in payment volume in 2025 and recorded its first profitable year.

Thai bourse plans dual-class share structure to boost listings. (Bloomberg)

The Stock Exchange of Thailand plans to introduce dual-class shares in 2027 to attract more companies to the local market by allowing founders to raise capital without giving up as much voting control.

The reform would let listed companies issue share classes with unequal voting rights and is also intended to give institutional investors greater access to leading Thai businesses. The change requires amendments to Thailand’s public company law.

Gaw Capital eyes Hong Kong listing for real estate private debt fund. (DealStreetAsia)

Gaw Capital plans to list a new Hong Kong fund that will invest in private loans secured by real estate assets across Asia Pacific and the Middle East, including markets such as Japan, New Zealand, Singapore and South Korea.

The Gaw Capital Real Estate Private Debt OFC will target at least 90% of its assets in property-related debt, including senior and construction loans, and aims to pay quarterly dividends while delivering long-term capital gains. Jefferies is the sole sponsor and joint listing agent alongside CMB International, while the fundraising size and offer price have not yet been disclosed.

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