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AMERICAS

Ondas completes the acquisition of DZYNE from Highlander Partners for $875.8m.

Ondas, a provider of autonomous systems, robotics, and mission-critical technologies for defense, completed the acquisition of DZYNE, a defense technology company, from Highlander Partners, a private investment firm, for $875.8m, according to press releases.

Ondas was advised by Citizens M&A, Akerman and Escalate PR. DZYNE and Highlander Partners were advised by Baker McKenzie. DZYNE was advised by Robert W Baird, according to press releases.

Altaris to acquire life sciences and healthcare segment of Clarivate for $600m.

Altaris, an investment firm focused exclusively on the healthcare industry, agreed to acquire life sciences and healthcare segment of Clarivate, a global provider of transformative intelligence, for $600m, according to press releases.

Clarivate is advised by Morgan Stanley, Davis Polk & Wardwell, Hogan Lovells and Joele Frank, according to press releases.

Superior Energy Services to acquire Sonic Holdings.

Superior Energy Services, a provider of oilfield rentals and specialized well services, agreed to acquire Sonic Holdings, a provider of proprietary electric feed through technologies, production equipment, drilling wellheads and associated aftermarket services, according to press releases. Financial terms were not disclosed.

Sonic Holdings is advised by Perella Weinberg Partners and Winston Taylor. Superior Energy Services is advised by JP Morgan and Baker Botts, according to press releases.

Lockheed Martin to acquire Ultra Maritime from Advent for $3.45bn.

Lockheed Martin, a global security and aerospace company, agreed to acquire Ultra Maritime, a defense technology company, from Advent, a private equity firm, for $3.45bn, according to press releases.

Lockheed Martin is advised by Citigroup, Hogan Lovells and Fried Frank Harris Shriver & Jacobson, according to press releases.

Versant Media Group to acquire Full Swing from Bruin Capital for $530m.

Versant Media Group, a media and entertainment company, agreed to acquire Full Swing, a sports technology company, from Bruin Capital, a global sports and entertainment investment firm, for $530m, according to press releases.

Versant Media Group is advised by Gibson Dunn & Crutcher. Bruin Capital is advised by Moelis & Co and Kirkland & Ellis, according to press releases.

Memory chipmaker SK hynix kicks off $28bn US listing. (RNS Announcement)

SK hynix has launched the marketing process for a US listing, seeking to sell American depositary receipts representing approximately 17.79m common shares. Based on the company’s latest share price in Seoul, the offering could be valued at around $28bn.

The transaction comes as investor enthusiasm for AI‑related semiconductor companies continues to drive valuations higher. SK Hynix, a large supplier of memory chips used in AI servers and data centers, has seen its share price surge in 2026, lifting its market capitalization above $1tn and positioning the listing among the largest US equity offerings by an Asian technology company.

Csquare announces launch of initial public offering. (Press Release)

Csquare has launched its IPO of 50m shares, with the offering expected to be priced between $23 and $27 per share. At the indicated range, the company expects to raise approximately $1.15bn to $1.35bn, excluding any exercise of the underwriters’ over‑allotment option.

The North American data center and digital infrastructure provider plans to list on the New York Stock Exchange under the ticker “CSQR.” Proceeds will be used in part to repay debt and for general corporate purposes. The offering is being led by Morgan Stanley and TD Securities, alongside a syndicate of major investment banks.

EMEA

InfraVia Capital Partners to acquire D-Marin from CVC Capital Partners.

InfraVia Capital Partners, agreed to acquire D-Marin, a marina operator and developer providing berth management, marina infrastructure, and premium waterfront services, from CVC Capital Partners, a private equity investment firm, according to press releases. Financial terms were not disclosed.

InfraVia Capital Partners is advised by Morgan Stanley and White & Case. CVC Capital Partners is advised by Goldman Sachs and Clifford Chance, according to press releases.

Fincantieri to acquire a 52.6% stake in NextGeo from Marnavi for €410.28m.

Fincantieri, a shipbuilding company, agreed to acquire a 52.6% stake in NextGeo, a marine geoscience and offshore services provider, from Marnavi, a maritime transportation company, for €410.28m ($469m), according to press releases.

Fincantieri is advised by Boston Consulting Group, Deloitte, Intesa SanPaolo and Cappelli Riolo Calderaro Crisostomo Del Din & Partners, according to press releases.

Novartis to acquire Myricx Bio from Sofinnova Partners and Brandon Capital for $1.5bn.

Novartis, a Swiss multinational pharmaceutical company, agreed to acquire Myricx Bio, a UK biotech company, from Sofinnova Partners and Brandon Capital, venture capital firms, for $1.5bn, according to press releases.

Brandon Capital is advised by Charles Consultants (led by Sue Charles). Sofinnova Partners is advised by Havas and Optimum Strategic Communications, according to press releases.

Fincantieri to acquire up to a 95% stake in WSense.

Fincantieri, a shipbuilding company, agreed to acquire up to a 95% stake in WSense, a technology company specializing in underwater communication and monitoring systems, according to press releases. Financial terms were not disclosed.

Fincantieri is advised by PricewaterhouseCoopers, Equita SIM and Gianni & Origoni, according to press releases.

Fincantieri completes the acquisition of a 51% stake in Graal Tech.

Fincantieri, a shipbuilding company, completed the acquisition of a 51% stake in Graal Tech, a developer of underwater robotics and autonomous vehicle technologies, according to press releases. Financial terms were not disclosed.

Fincantieri is advised by Ernst & Young and Alma LED, according to press releases.

Fincantieri to acquire a 49% stake in Defcomm from Fedcomm.

Fincantieri, a shipbuilding company, agreed to acquire a 49% stake in Defcomm, a defense technology company, from Fedcomm, a holding company, according to press releases. Financial terms were not disclosed.

Fincantieri is advised by Ernst & Young and LCA Studio Legale, according to press releases.

Comcast-owned Sky to acquire media and entertainment divisions of ITV for up to £1.6bn.

Comcast-owned Sky, a British media and telecommunications conglomerate, agreed to acquire the media and entertainment divisions of ITV, a British free-to-air public broadcast television network, for up to £1.6bn ($2.1bn), according to press releases.

Comcast is advised by PJT Partners, according to press releases.

Bridgepoint completes a €200m investment in Skello.

Bridgepoint, a UK-based private equity firm, completed a €200m ($229m) investment in Skello, a workforce management and HR software provider. Partech and XAnge are also reinvesting in this transaction, according to press releases.

European space deal to create SpaceX rival draws antitrust claims. (FT)

OHB has raised antitrust concerns over the proposed combination of the space businesses of Airbus, Leonardo and Thales, arguing the transaction would reduce competition in Europe’s satellite sector. The three companies are preparing to seek regulatory approval for the planned merger, which is intended to create a larger European space champion capable of competing more effectively with global rivals.

OHB contends that the deal would leave governments with fewer suppliers for publicly funded space programmes, potentially increasing costs and reducing competitive pressure in future procurement processes. The proposed tie‑up comes as Europe’s space industry explores consolidation to respond to growing competition from US and Chinese space companies.

Zuber Issa strikes deal to buy former Prax Group petrol stations. (FT)

EG On The Move, the forecourt operator founded by Zuber Issa, has agreed to acquire 85 petrol stations formerly owned by the collapsed Prax Group, further expanding its UK retail fuel network. The transaction increases the company’s estate to approximately 285 forecourts, continuing a series of acquisitions since its launch in 2023.

The acquired sites are operated by independent dealers, with EG On The Move planning additional investment to enhance performance and customer offerings. The deal forms part of Issa’s broader strategy to grow the business through acquisitions and expansion of convenience retail and franchise partnerships.

British semiconductor group Pragmatic in talks about £150m funding boost. (Sky News)

Pragmatic Semiconductor, the UK chipmaker backed by investors including the National Wealth Fund, is in discussions to raise around £150m ($204m). The fundraising, being advised by JP Morgan, is intended to support the company's growth as it expands production of its flexible semiconductor technology.

The capital raise could value Pragmatic at or near unicorn status, and may ultimately exceed the targeted amount, with one source indicating it could approach the scale of the company's £182m ($247m) fundraising in 2023. The company is in talks with both existing and prospective investors as it advances plans in the semiconductor sector.

CVC Capital Partners raises €3bn for mid-market fund. (Bloomberg)

CVC Capital Partners has raised approximately €3bn ($3.4bn) for its latest European mid‑market buyout fund, significantly exceeding its initial €1.75bn ($2.33bn) target. The fundraising expands CVC’s presence in smaller private‑equity transactions alongside its larger flagship strategies.

The new fund, CVC Catalyst III, will focus on European mid‑market investments across a range of sectors, typically making equity investments of less than €250m ($283m) per deal. The oversubscribed raise highlights continued investor appetite for private‑equity strategies targeting smaller and growth‑oriented companies.

APAC

Genesis Minerals to merge with Vault Minerals in a AUD5.6bn deal.

Genesis Minerals, a gold exploration and mine development company, offered to merge with Vault Minerals, a gold mining company, in a AUD5.6bn ($3.9bn) deal, according to press releases.

Genesis Minerals is advised by Macquarie Group, Sternship Advisers and Gilbert + Tobin, according to press releases.

The Carlsberg Group and Sapporo to form a $860m joint venture.

The Carlsberg Group, a Danish multinational brewer, and Sapporo, a Japanese beer brewing company, agreed to form a $860m joint venture, according to press releases.

The Carlsberg Group is advised by Morgan Stanley and Norton Rose Fulbright, according to press releases.

EQT to acquire Orikan.

EQT, an investment firm, agreed to acquire Orikan, a provider of an end-to-end suite of parking technology solutions, according to press releases. Financial terms were not disclosed.

Tencent seeks to sell up to $1.6bn stake in Kuaishou. (Bloomberg)

Tencent Holdings is seeking to raise up to $1.6bn through a block sale of part of its stake in Kuaishou Technology. The Chinese technology group is offering approximately 273m shares, representing a 7.5% stake in the short‑video platform.

The shares are being marketed at HKD43.15 ($5.5) to HKD44.53 ($5.68) per share, a 3.2% to 6.2% discount to Kuaishou’s latest closing price. The selldown continues Tencent’s broader strategy of monetizing portions of its investment portfolio while maintaining focus on core businesses.

Ather Energy to plan $200m India share sale. (Bloomberg)

Ather Energy is planning to raise up to $200m through a qualified institutional placement as early as next week. The electric two‑wheeler manufacturer is seeking additional capital as competition intensifies in India’s EV market.

The company has appointed HSBC, Axis Capital, and Nomura to manage the share sale. The fundraising remains under discussion, with final terms and timing yet to be confirmed.

NSE to start marketing $3bn India IPO next week. (Bloomberg)

National Stock Exchange of India is preparing to begin formal marketing for a potential $3bn IPO as early as next week. The exchange operator is targeting a September listing, which could rank among the largest IPOs ever in India.

NSE plans to conduct investor meetings across the US, London, Singapore, Hong Kong, the Middle East and India as part of the marketing process. Discussions with banks are ongoing, and the offering remains subject to market conditions and final approvals.

Navi eyes INR30bn IPO. (Economic Times)

Navi Technologies, the fintech company founded by Sachin Bansal, is preparing for a INR30bn ($350m) IPO by the March quarter of FY2027. The offering is expected to include a mix of primary shares and an offer for sale, with Kotak Investment Banking advising on the transaction.

Ahead of the listing, Navi is seeking to raise external capital in a funding round led by Prosus, with discussions valuing the company at around INR130bn ($1.5bn). The planned flotation would mark Navi’s second attempt to go public after it withdrew a INR33.5bn ($391m) IPO in 2022, having since expanded from a lending-focused business into a broader financial services platform.

Nvidia Supplier Unimicron Seeks $1.4bn in GDS Offer. (Bloomberg)

Unimicron Technology, a key supplier to Nvidia and Apple, is seeking to raise up to $1.4bn through a global depositary share offering. The fundraising follows a sharp rise in the Taiwanese chipmaker’s share price amid strong investor enthusiasm for AI-related semiconductor companies.

The company is offering 50m GDSs at $26.96 to $27.76 per share, representing a 3%–6% discount to its latest closing price. Proceeds will be used primarily to purchase raw materials in foreign currencies, supporting production as demand for advanced semiconductor components continues to grow.

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