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AMERICAS

Blue Owl Capital Corporation to merge with Blue Owl Capital Corporation II.

Blue Owl Capital Corporation, a specialty finance and business development company, agreed to merge with Blue Owl Capital Corporation II, a provider of specialty finance solutions, according to press releases. Financial terms are not disclosed.

Blue Owl Capital Corporation is advised by Raymond James, Truist Securities, Eversheds Sutherland, Kirkland & Ellis and Prosek Partners (led by Josh Clarkson). Blue Owl Capital Corporation II is advised by Greenhill & Co, RBC Capital Markets, Stradley Ronon Stevens & Young and Kirkland & Ellis, according to press releases.

Charles Schwab to acquire Forge Global for $660m.

Charles Schwab, an American multinational financial services company, agreed to acquire Forge Global, a provider of commodities and securities brokerage services, for $660m, according to press releases.

Charles Schwab is advised by JP Morgan and Wachtell Lipton Rosen & Katz (led by Matthew M. Guest). Forge is advised by Financial Technology Partners, Morris Nichols Arsht & Tunnell, Sullivan & Cromwell and Arbor Advisory Group (led by Idalia Rodriguez), according to press releases.

TPG to acquire Kepware and ThingWorx businesses of PTC.

TPG, a private equity investment firm, agreed to acquire Kepware and ThingWorx businesses of PTC, a provider of software and technology solutions, according to press releases. Financial terms are not disclosed.

TPG is advised by Barclays, Evercore and Ropes & Gray. PTC is advised by Centerview Partners, Choate Hall & Stewart and Simpson Thacher & Bartlett, according to press releases.

Verisure completes the acquisition of ADT Mexico from Johnson Controls for $230m.

Verisure, a provider of professionally monitored security services, completed the acquisition of ADT Mexico, a provider of electronic security solutions, from Johnson Controls, security solutions company, for $230m, according to press releases.

Verisure was advised by Morgan Stanley, Latham & Watkins (led by Katie Peek and Huw Thomas) and Uria Menendez (led by Tomas Jose Acosta and Tomas Arranz). Johnson Controls was advised by Citigroup and Cleary Gottlieb Steen & Hamilton (led by Michael Preston), according to press releases and MergerLinks data.

Firefly Aerospace completes the acquisition of SciTec for $855m.

Firefly Aerospace, a private aerospace firm that designs, manufactures, tests, and launches space launch vehicles, completed the acquisition of SciTec, a company specializes in delivering cutting-edge advanced sensor systems, data-processing algorithms, and testing equipment, for $855m, according to press releases.

SciTec was advised by Robert W Baird and Cooley. Firefly was advised by Goldman Sachs and Kirkland & Ellis, according to press releases and MergerLinks data.

Amphenol completes the acquisition of Trexon from Audax for $1bn.

Amphenol, a supplier of advanced interconnect systems, completed the acquisition of Trexon, a provider of high-reliability interconnect and cable assemblies, from Audax, a private equity firm, for $1bn, according to press releases.

Amphenol was advised by H/Advisors Abernathy. Trexon was advised by William Blair & Co, according to press releases and MergerLinks data.

RateGain Technologies completes the acquisition of Sojern for $250m.

RateGain Technologies, a global provider of AI-powered SaaS solutions for travel and hospitality, completed the acquisition of Sojern, an AI-led MarTech company focused on the hospitality sector, for $250m, according to press releases.

Sojern was advised by Jefferies & Company, according to press releases and MergerLinks data.

Apollo-backed Aeromexico raises about $223m in long-awaited US IPO. (Reuters)

Apollo-backed Grupo Aeromexico raised $222.8m in its long-awaited US initial public offering, marking the Mexican airline’s return to public markets four years after exiting bankruptcy.

The company and existing shareholders sold 11.7m American Depositary Shares at $19 each, valuing Aeromexico at $2.77bn ahead of its debut on the New York Stock Exchange under the ticker AERO.

Pfizer plans on sweetening offer for obesity drugmaker Metsera. (Reuters)

Pfizer plans to raise its bid for Metsera after a judge rejected its attempt to block Novo Nordisk’s $10bn offer for the biotech firm.

The move comes as Pfizer races to keep its deal alive following a heated bidding war with Novo over the obesity drug developer. Pfizer’s merger agreement with Metsera is set to expire at midnight ET without an improved proposal.

Mexico's ASUR leads bidding for Motiva's Latin American airports. (Reuters)

Mexico’s Grupo Aeroportuario del Sureste has emerged as the leading bidder for Motiva Infraestrutura de Mobilidade’s airport portfolio, valued at about BRL5bn ($925m). The assets include 17 Brazilian airports and international hubs in Quito, San Jose and Curacao.

Motiva, which is refocusing on its highway concessions business, confirmed it is in talks with ASUR, though no binding agreement has been signed. The company expects to complete a sale by the end of 2025.

Molecular diagnosis firm BillionToOne raises $273m in IPO. (Bloomberg)

BillionToOne, a molecular diagnostics company, raised $273m in an upsized US initial public offering during a government shutdown that has complicated the listing process. The Menlo Park-based firm sold 4.55m shares at $60 each.

EQT-backed biotech firm Evommune raises $150m in IPO. (Bloomberg)

Evommune, a biotechnology company focused on chronic inflammatory diseases, raised $150m in a US initial public offering amid the government shutdown that has disrupted listings. The EQT-backed firm sold 9.38m shares at $16 each.

EMEA

Corpay completes the acquisition of Alpha Group International for $2.2bn.

Corpay, a global business payments and spend management company, completed the acquisition of Alpha Group International, a British financial services business specialising in the management of foreign exchange risk for corporate businesses, for $2.2bn, according to press releases.

Corpay was advised by Oppenheimer & Co (led by Ernest Bell) and Jones Day (led by Julian Runnicles). Alpha Group was advised by Centerview Partners (led by Tadhg Flood), Panmure Liberum (led by Max Jones), Peel Hunt (led by Neil Patel), Freshfields Bruckhaus Deringer (led by Alice Greenwell) and Alma Strategic Communications (led by Andy Bryant), according to press releases and MergerLinks data.

BPER Banca to merge with BP Sondrio.

BPER Banca, an Italian banking group, agreed to merge with BP Sondrio, an Italian bank, according to press releases. Financial terms were not disclose

BP Sondrio is advised by Image Building (led by Cristina Fossati), according to press releases.

Masdar to acquire a 49% stake in 140MW green hydrogen electrolyser project from OMV. (Reuters)

Masdar, a renewable energy company, agreed to acquire a 49% stake in 140MW green hydrogen electrolyser project from OMV, a provider of energy and chemical solutions, according to press releases. Financial terms were not disclosed.

RedBird taps Apollo to fund £500m Telegraph takeover. (FT)

RedBird Capital Partners has secured about £150m ($196m) in financing from Apollo Global Management for its £500m ($653m) takeover of the Telegraph, ahead of a UK government decision on whether to refer the deal to regulators.

RedBird will be the lead investor in the consortium, with Abu Dhabi’s IMI taking a 15% stake under new foreign ownership rules. The sale, launched after Lloyds Banking Group placed the Telegraph’s parent company into insolvency, has faced delays amid political scrutiny.

Prosus shows early-stage interest in German auto marketplace Mobile.de. (Reuterts)

Prosus has shown early interest in acquiring Germany’s leading online car marketplace, Mobile.de, as its owners prepare for a potential share sale.

Private equity firms Permira and Blackstone, which own Mobile.de through Norway’s Adevinta, are leaning toward an IPO that could value the business at up to €10bn ($11.7bn). Prosus may consider making a bid through its classifieds unit OLX, though no formal talks have begun. Other private equity firms, including EQT, Cinven and Apax, have also expressed interest.

Austrian waste firm Brantner taps Rothschild to seek investors. (Bloomberg)

Austrian waste management firm Brantner Group is exploring strategic options, including a potential stake sale.

The family-owned company is advised by Rothschild & Co. to assess interest from potential investors. Any deal could involve either a minority or majority stake, with proceeds supporting the Krems an der Donau-based firm’s expansion plans.

UniCredit’s Bank Austria plans to buy Vienna HQ from PGIM fund. (Bloomberg)

UniCredit’s Bank Austria plans to acquire its Vienna headquarters from PGIM Real Estate, marking the latest proprietary transaction by the Italian banking group.

Talks between the two parties are ongoing, and Bank Austria said it will announce the deal once a purchase agreement is finalized.

APAC

Basalt Infrastructure Partners to acquire JR Richards.

Basalt Infrastructure Partners, a private equity firm, agreed to acquire JR Richards, a provider of waste and recycling services for commercial and domestic customers, according to press releases. Financial terms were not disclosed.

Basalt Infrastructure Partners is advised by Rothschild & Co and Ashurst, according to press releases and MergerLinks data.

E.Sun to acquire Mercuries Life Insurance for $1.6bn.

E.Sun, a banking, securities, bancassurance, and venture capital company, agreed to acquire Mercuries Life Insurance, a provider of life insurance products and services, for $1.6bn, according to press releases.

Mercuries Life Insurance is advised by Morgan Stanley, according to press releases and MergerLinks data.

TDK Ventures led a $110m Series B round in EdgeCortix.

TDK Ventures, a corporate venture capital firm, led a $110m Series B round in EdgeCortix, a fabless semiconductor company, with participation from CDIB Cross Border Innovation Fund II LP and Jane Street Global Trading, according to press releases.

EdgeCortix was advised by Racepoint Global, according to press releases.

KJRM to acquire global headquarters in Yokohama of Nissan Motor for $630m.

KJRM, a provider of asset management services, agreed to acquire global headquarters in Yokohama of Nissan Motor, a Japanese automotive company, for $630m, according to press releases.

KKR, Singtel seek to fully own Singapore data centre firm in $3.9bn deal. (Reuters)

KKR and Singtel are in advanced talks to acquire the remaining shares of ST Telemedia Global Data Centres in a deal valued at over SGD5bn ($3.9bn). The purchase would give the pair full ownership of the data center operator.

KKR currently holds about 14%, while Singtel owns over 4%. The remaining stake belongs to ST Telemedia, a unit of state investor Temasek Holdings.

UK’s ICG group nears deal to sell Singapore private-education institution (WSJ)

Intermediate Capital Group is in advanced talks to sell Singapore-based PSB Academy to local private equity firm Sun Venture for about SGD500m ($382m).

A deal could be signed as early as December 2025, marking the sale of one of Singapore’s largest private-education institutions, which serves more than 17k students annually.

Singtel offers $1.2bn stake in Bharti Airtel. (Bloomberg)

Singapore Telecommunications’ unit Pastel has launched a share sale in Bharti Airtel worth about INR103.5bn ($1.2bn). The sale comprises 51m shares, roughly a 0.8% stake, offered at a floor price of INR2030 each, representing a 3.1% discount to Bharti Airtel’s close on November 6 in Mumbai.

Worldline plans €500m share sale to back turnaround. (Bloomberg)

Worldline plans to raise €500m ($576m) through a share sale to strengthen its balance sheet and support its turnaround strategy. The funding includes a €110m ($126.3m) investment from three French lenders and a €390m ($447.9m) rights issue.

The capital raise will back the execution of the company’s new strategy, announced alongside the transaction, aimed at stabilizing operations and improving financial flexibility.

Argo Biopharma to pick banks for Hong Kong IPO (Bloomberg)

Argo Biopharma has selected banks for a planned Hong Kong initial public offering that could raise several hundred million dollars. The Apricot Capital-backed biotech firm is working with Bank of America, China International Capital Corp, Jefferies and JPMorgan on the transaction.

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