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AMERICAS
Greatland Gold, a company that engages in the exploration and development of natural resources, completed the acquisition of Havieron and Telfer assets from Newmont, a gold mining company, for $475m.
Qualus, a power services firm, completed the acquisition of PFES, a provider of strategic consulting and functional outsourcing solutions, from Odyssey Investment Partners-backed The Planet Group, a group of related global consulting organizations and renowned staffing brands. Financial terms were not disclosed.
Qualus was advised by Environmental Financial Consulting Group. The Planet Group was advised by AEC Advisors and Houlihan Lokey. Odyssey was advised by Gasthalter & Co (led by Mark Semer and Grace Cartwright).
CCMP Growth Advisors, a growth-oriented middle-market private equity firm, completed the acquisition of Combined Caterers, a premium event management and catering services provider. Financial terms were not disclosed.
Combined Caterers was advised by William Blair & Co and McGuireWoods. CCMP was advised by Piper Sandler, Stifel, Ropes & Gray and FGS Global.
Huron, a global professional services firm, completed the acquisition of AXIA Consulting, a provider of supply chain-focused consulting and technology solutions. Financial terms were not disclosed.
Axia was advised by Clearsight Advisors. Huron was advised by Skadden Arps Slate Meagher & Flom (led by Shilpi Gupta).
Crescent Energy, a differentiated US energy company, agreed to acquire Eagle Ford assets from Ridgemar Energy, a Houston-based upstream company, for $905m.
Crescent Energy is advised by Jefferies & Company and Kirkland & Ellis (led by R.J. Malenfant and Albert Jou). Ridgemar Energy is advised by RBC Capital Markets and Vinson & Elkins (led by Bryan Loocke).
Aya Healthcare, a healthcare talent software and staffing company, agreed to acquire Cross Country Healthcare, a tech-enabled workforce solutions and advisory firm, for $615m.
Cross Country Healthcare is advised by Bank of America, Davis Polk & Wardwell and Collected Strategies. Aya Healthcare is advised by Procopio.
Molex, a global connectivity and electronics solutions provider, completed the acquisition of AirBorn, a manufacturer of high reliability electronics and components, from TTI, an electronic components distributor. Financial terms were not disclosed.
Molex was advised by Evercore and Jones Day. AirBorn was advised by
Wells Fargo Securities and Locke Lord.
Align Capital Partners, a private equity firm, agreed to acquire MKB Company, a manufacturer of erosion control, pollution prevention and stormwater management. Financial terms were not disclosed.
Align Capital is advised by McCarthy Lebit Crystal & Liffman. MKB Company is advised by Calfee Halter & Griswold.
HCLTech, an Indian multinational information technology consulting company, completed the acquisition of communications technology group assets from Hewlett Packard Enterprise, an American multinational information technology company, for $225m.
HCLTech was advised by Mayer Brown.
FRONERI, a global ice cream manufacturer, agreed to acquire CRUFI Uruguay, a family business in the production and marketing of ice cream. Financial terms were not disclosed.
Pacolet Milliken, a sustainability-focused family-owned investment firm, completed the acquisition of Anderson Wind Farm, a wind farm, from Goldman Sachs Asset Management, a private equity firm. Financial terms were not disclosed.
Pacolet Milliken was advised by Vinson & Elkins.
Armstrong World Industries, a producer of flooring products and ceiling systems, completed the acquisition of A. Zahner, an architectural metal & glass company. Financial terms were not disclosed.
Armstrong World Industries was advised by District Capital Partners.
Kian Capital-backed Sdii Global, a forensic engineering and consulting firm, completed the acquisition of Roar Engineering, a Canadian forensic engineering firm. Financial terms were not disclosed.
Kian Capital was advised by MiddleM Creative (led by Allie Gamble).
Inverness Graham-backed GPS Trackit, a video and fleet telematics company, completed the acquisition of Zonar, a GPS supplier, from Continental, a German multinational automotive parts manufacturing company. Financial terms were not disclosed.
EMEA
Metals Exploration, a mineral resources exploration and development company, agreed to acquire Condor Gold, a gold exploration and development company, for £67.5m ($85.5m).
US private equity firm General Atlantic has reached an agreement to acquire Learning Technologies Group for £802.4m ($1bn). The investment reflects a bet on growing corporate training needs as businesses adapt to the rise of artificial intelligence.
LTG, known for offering corporate training solutions such as mobile apps and training videos, has faced challenges due to the swift advancement of generative AI and a shift among companies toward reducing costs by moving away from custom content creation.
Worthington Steel, a metals processor that partners with customers to deliver highly technical and customized solutions, agreed to acquire a 52% stake in Sitem Group, a producer of electric motor laminations and accessory products for automotive and industrial applications. Financial terms were not disclosed.
Sitem is advised by UniCredit and Bird & Bird. Worthington Steel is advised by Latham & Watkins (led by Stefano Sciolla).
Eternis, a wholly-owned family business active in the fragrance and flavour industry, completed the acquisition of Sharon Personal Care, a global supplier of innovative ingredient solutions for a broad range of personal care products, from Tene Investment Funds, a private equity firm. Financial terms were not disclosed.
Sharon Personal Care was advised by Jefferies & Company. Tene Investment Funds was advised by KPMG and Erdinast Ben Nathan Toledano & Co.
BERAG, an independent Swiss provider of pension services, agreed to acquire Wefox Insurance, the Liechtenstein-domiciled insurance carrier, from Wefox, a European insurtech. Financial terms were not disclosed.
Wefox is advised by UniCredit.
Vitec Software Group, a software company, completed the acquisition of Figlo, a provider of software for financial planning and mortgage calculations for the Netherlands market, from InvestCloud, a wealth technology company. Financial terms were not disclosed.
Partners Group, a private equity firm, agreed to acquire Empira Group, a premier real estate investment platform. Financial terms were not disclosed.
Novo Nordisk, a life sciences investor, agreed to acquire the manufacturing facility in Bohumil from Novavax, a late-stage biotechnology company, for $200m.
MFE lines up $3.6bn loan for any ProSieben move. ( Reuters)
MediaForEurope, a TV company controlled by Italy's Berlusconi family, is seeking a €3.4bn ($3.6bn) loan from a group of banks to prepare for potential financial needs related to its investment in Germany's ProSiebenSat.1.
MFE, which owns nearly 30% of ProSieben aims to secure funds to address possible financial requirements in 2025, including a potential buyout offer.
Historically, MediaForEurope has worked with BNP Paribas and Perez Llorca, according to MergerLinks data.
Growth of player power spurs four-way football agency merger. ( FT)
Nomi Sports, Position Number and Promoesport are set to merge to establish new football agency called As1. Bruin Capital will also acquire Football Division Worldwide to add a fourth to the new entity.
Headquartered in London and valued at $310m As1 will manage around 300 players, including high-profile athletes. The agency operates under the Legion Sports holding company, which is exclusively backed by private equity firm TJC and managed by Bruin Capital.
Oman’s OQ raises $489m with methanol unit IPO. ( Bloomberg)
OQ, Oman’s state-owned energy firm, secured $489m through the initial public offering of its methanol and liquefied petroleum gas subsidiary, OQBI.
The company sold a 49% stake at OMR0.11 ($0.29) per share, the highest price in the proposed range, giving OQBI a valuation of around $1bn.
Aperol maker Campari nominates Simon Hunt as CEO. ( Press Release)
The Board of Directors of Davide Campari-Milano has announced Simon Hunt, a current Catalyst Spirits CEO, as the nominee for the Chief Executive Officer position at Campari Group.
Hunt is set to replace the interim co-CEOs, Paolo Marchesini and Fabio Di Fede, with his appointment effective after approval at an ad hoc General Meeting scheduled for January 15, 2025.
APAC
Thule Group, a global sports and outdoor company, completed the acquisition of Quad Lock, a company that designs and manufactures innovative functional protective cases for mobile devices, for AUD500m ($324m).
Quad Lock is advised by Jefferies & Company, Gilbert + Tobin and Roschier Attorneys (led by Christoffer Benninge). Thule Group is advised by Goldman Sachs, Baker McKenzie and MinterEllison.
The Franke Group, a global producer and supplier of solutions and equipment for residential kitchens, restaurants, convenience stores and coffee preparation, completed the acquisition of Nokite, a Chinese producer of stainless-steel taps and accessories for residential kitchens, from KWC Group, a designer and manufacturer of fittings and accessories for kitchens, bathrooms and washrooms. Financial terms were not disclosed.
Fairfax India, an investment holding company, agreed to acquire an additional 10% stake in Bangalore International Airport, an airport operator, from Siemens Financial Services, a financial services provider, for $255m.
Vodafone seeks up to $335m in Indus Towers stake sale. ( Bloomberg)
Vodafone plans to raise up to $335m by selling its remaining 3% stake in India’s Indus Towers, following the sale of $1.8bn worth of shares in June.
The UK telecom firm is offering 79.2m shares at a price range of INR343 ($4.05) to INR358 ($4.23) each. This move aligns with Vodafone's strategy to reduce exposure to underperforming markets.
Historically, Vodafone has worked with UBS, Morgan Stanley, Linklaters and Slaughter & May, according to MergerLinks data.
Warburg-backed BW Industrial is pursuing future Vietnam IPO. ( Bloomberg)
BW Industrial Development, a prominent logistics and industrial real estate developer in Vietnam, backed by Warburg Pincus, is moving forward with plans for an initial public offering in the country.
The COO of BW, founded in 2018 as a partnership between Warburg Pincus and Vietnam’s state-owned enterprise Becamex IDC, has confirmed the IPO intentions. However, the details about the size and timeline remain undisclosed.
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