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Daily Review is our daily roundup of M&A news. Announcements, rumors, insights, and data before your morning coffee. Subscribe and never miss a beat with MergerLinks.
2 January 2026

Advent completes the acquisition of a 70% stake in the essential home business from Reckitt Benckiser in a $4.8bn deal.

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Sullivan Street Partners completes the acquisition of the aerostructures business from Senior for £200m.
 
Sullivan Street Partners, a private equity investor, completed the acquisition of the aerostructures business from Senior, a manufacturer of high technology components and systems, for £200m ($270m), according to press releases.
 
Sullivan Street Partners was advised by Aon Securities, Chartwell, Hilco Valuation Services, EOS Deal Advisory, Steen Associates, Stifel, Mayer Brown (led by Electra Callan) and PricewaterhouseCoopers. Senior was advised by Lazard (led by Richard Shaw), Slaughter & May (led by Victoria MacDuff) and FGS Global (led by Richard Webster-Smith), according to press releases and MergerLinks data.
 
Advent completes the acquisition of a 70% stake in the essential home business from Reckitt Benckiser in a $4.8bn deal.
 
Advent, a private equity investor, completed the acquisition of a 70% stake in the essential home business from Reckitt Benckiser, a consumer goods company, in a $4.8bn deal, according to press releases.
 
Advent was advised by Barclays, Citigroup (led by James Fleming), Kirkland & Ellis (led by Vincent Bergin, Christopher Shield, Claire Rushton, Adrian Christopher Maguire and Dan Clarke) and Community Group (led by Roberto Patriarca). Reckitt Benckiser was advised by Morgan Stanley, Baker McKenzie (led by Jannan Crozier, Richard Needham and Phelim O'Doherty), Slaughter & May and FTI Consulting (led by Charles Armitstead), according to press releases and MergerLinks data.
 
Tortuga Resorts completes the acquisition of the real estate portfolio of Playa from Hyatt for $2bn.
 
Tortuga Resorts, a joint venture between KSL Capital Partners and Rodina, completed the acquisition of the real estate portfolio of Playa Hotels & Resorts, an all-inclusive oceanfront resorts owner, from Hyatt, an American multinational hospitality company, for $2bn, according to press releases.
 
Tortuga was advised by Joele Frank (led by Kate Thompson) Goldman Sachs (led by Stephen Hawinkels) and Simpson Thacher & Bartlett (led by Fred de Albuquerque). Hyatt was advised by Berkadia Real Estate Advisors, BDT & MSD Partners and Latham & Watkins (led by Samuel Newhouse), according to press releases and MergerLinks data.
 
Deal Round up
 
AMERICAS
 
D1 Capital Partners led a $1bn financing round in Kraken.
 
Scrap Management Industries completes the acquisition of Allmetal Recycling.
 
TransDigm to acquire Stellant from Arlington Capital Partners for $960m.
 
GCE Global Solutions completes the acquisition of GCE Payroll Advisers.
 
MagIron completes the acquisition of Reynolds pellet plant of Altos Hornos De Mexico.
 
Inszone Insurance completes the acquisition of Bierschwale-Rees Insurance.
 
Inszone Insurance completes the acquisition of Sample Insurance.
 
Java Holdings completes the acquisition of +Peptide.
 
Warner Bros likely to reject Paramount's latest hostile bid. (Reuters)
 
EMEA
 
Daiwa to acquire a 49% stake in the offshore electricity transmission assets of International Public Partnerships for £42m.
 
Linamar completes the acquisition of the Leipzig casting facility of Georg Fischer for €45m.
 
Heirs Energies to acquire a 20.07% stake in Seplat from Maurel & Prom for $496m.
 
Nukkleus completes the acquisition of Tiltan Software Engineering for ILS47.6m.
 
APAC
 
Masurf completes the acquisition of manufacturing facility from Stepan Philippines Quaternaries.
 
KKR bid to take Yomeishu private is derailed by top shareholder. (Bloomberg)
 
Chinese AI firms drive Hong Kong’s busiest IPO month since 2019. (Bloomberg)
COMPANIES
Georg Fischer
Hyatt Hotels
Inszone Insurance
Kraken
Linamar
Maurel & Prom
Nukkleus
Paramount
Playa Hotels
Reckitt Benckiser
Senior
Seplat Energy
Stellant
Stepan Company
Sullivan Street
TransDigm
Warner Bros
 
INVESTORS
ACP
Advent International
D1 Capital Partners
Daiwa
Durable Capital Partners
Fidelity International
INPP
KKR
KSL
OTPP
Rodina
 
FINANCIAL ADVISORS
Aon Securities
Barclays
BDT & MSD
Chartwell
Citigroup
Deutsche Numis
EOS Deal Advisory
Goldman Sachs
Lazard
Morgan Stanley
National Bank
PwC
Steen Associates
Stifel
 
LEGAL ADVISORS
Baker McKenzie
HSF Kramer
Kirkland & Ellis
Latham & Watkins
Mayer Brown
Norton Rose
Paul Weiss
Simpson Thacher
Slaughter & May
 
PR ADVISORS
Community Group
EAG Advertising
FGS Global 
FTI Consulting
Joele Frank
The Equity Group
 
 
 
 
 
 
 
 
 
 
 
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AMERICAS
 
D1 Capital Partners led a $1bn financing round in Kraken.
 
D1 Capital Partners, a global investment firm, led a $1bn financing round in Kraken, a fintech company operating a cryptocurrency exchange platform, with participation from Fidelity International, Durable Capital Partners and Ontario Teachers' Pension Plan, according to press releases.
 
D1 Capital Partners was advised by Paul Weiss Rifkind Wharton & Garrison (led by Edward Ackerman and Oliver Marcuse), according to MergerLinks data.
 
Scrap Management Industries completes the acquisition of Allmetal Recycling.
 
Scrap Management Industries, a ferrous and nonferrous metal recycling and sustainability company, completed the acquisition of Allmetal Recycling, a scrap metal recycling company based in Kansas. Financial terms were not disclosed, according to press releases.
 
Scrap Management Industries was advised by EAG Advertising & Marketing (led by Ryan Gerding), according to press releases.
 
TransDigm to acquire Stellant from Arlington Capital Partners for $960m.
 
TransDigm, a manufacturer of aircraft components, agreed to acquire Stellant, a manufacturer specializing in active and passive RF components, from Arlington Capital Partners, a private equity firm, for $960m, according to press releases.
 
GCE Global Solutions completes the acquisition of GCE Payroll Advisers.
 
GCE Global Solutions, a global provider of workforce, payroll, and compliance solutions, completed the acquisition of GCE Payroll Advisers, a provider of payroll management solutions, according to press releases. Financial terms were not disclosed.
 
MagIron completes the acquisition of Reynolds pellet plant of Altos Hornos De Mexico.
 
MagIron, a provider of ultra-high-grade iron ore products, completed the acquisition of Reynolds pellet plant of Altos Hornos De Mexico, a steel plant in Mexico, according to press releases. Financial terms were not disclosed.
 
Inszone Insurance completes the acquisition of Bierschwale-Rees Insurance.
 
Inszone Insurance, an insurance brokerage company, completed the acquisition of Bierschwale-Rees Insurance, an independent insurance provider, according to press releases. Financial terms were not disclosed.
 
Inszone Insurance completes the acquisition of Sample Insurance.
 
Inszone Insurance, an insurance brokerage company, completed the acquisition of Sample Insurance, an independent insurance agency, according to press releases. Financial terms were not disclosed.
 
Java Holdings completes the acquisition of +Peptide.
 
Java Holdings, a coffee-focused holding company, completed the acquisition of +Peptide, a functional beverage brand, according to press releases. Financial terms were not disclosed.
 
Warner Bros likely to reject Paramount's latest hostile bid. (Reuters)
 
Warner Bros Discovery is expected to turn down Paramount Skydance’s amended $108.4bn hostile takeover bid for the Hollywood studio, despite a personal guarantee from billionaire Larry Ellison backing the offer.
 
The board has not yet reached a final decision but is scheduled to meet next week to consider the proposal.
 
EMEA
 
Daiwa to acquire a 49% stake in the offshore electricity transmission assets of International Public Partnerships for £42m.
 
Daiwa, an investment company, agreed to acquire a 49% stake in the offshore electricity transmission assets of International Public Partnerships, an investment company, for £42m, according to press releases. 
 
International Public Partnerships is advised by Deutsche Numis (led by Hugh Jonathan) and FTI Consulting (led by Maxime Lopes), according to press releases. 
 
Linamar completes the acquisition of the Leipzig casting facility of Georg Fischer for €45m.
 
Linamar, a precision technology manufacturer, completed the acquisition of the Leipzig casting facility of Georg Fischer, a provider of piping systems and automation solutions for €45m ($53m), according to press releases.
 
Linamar was advised by National Bank Capital Markets and Norton Rose Fulbright (led by Tim Schaper), according to press releases and MergerLinks data.
 
Heirs Energies to acquire a 20.07% stake in Seplat from Maurel & Prom for $496m.
 
Heirs Energies, an indigenous African energy company, agreed to acquire a 20.07% stake in Seplat, an oil and gas exploration and production company, from Maurel & Prom, an oil company specialising in the production of hydrocarbons, for $496m, according to press releases.
 
Maurel & Prom is advised by Morgan Stanley and Herbert Smith Freehills Kramer, according to press releases. 
 
Nukkleus completes the acquisition of Tiltan Software Engineering for ILS47.6m.
 
Nukkleus, a fintech company that offers a range of financial technology products and services, completed the acquisition of Tiltan Software Engineering, a solution provider specializing in simulation, 3d engines, generative ai, content production, geo-systems, operation center system and tools, for ILS47.6m ($15m), according to press releases.
 
Nukkleus was advised by The Equity Group (led by Lena Cati), according to press releases.
 
APAC
 
Masurf completes the acquisition of manufacturing facility from Stepan Philippines Quaternaries.
 
Masurf, a subsidiary of an Indonesian food processing company - Musim Mas, completed the acquisition of manufacturing facility located in Philippines, from Stepan Philippines Quaternaries, a subsidiary of an American specialty chemicals manufacturer - Stepan Company, according to press releases. Financial terms were not disclosed.
 
KKR bid to take Yomeishu private is derailed by top shareholder. (Bloomberg)
 
KKR’s effort to take Japanese herbal tonic maker Yomeishu Seizo private has fallen through after the company’s largest shareholder indicated it would not sell its stake.
 
Yomeishu said it ended exclusive talks with KKR after concluding the proposal was unlikely to succeed due to the stance of shareholder Yuzawa KK. The decision came just hours after the company confirmed it had granted KKR first negotiating rights on a potential buyout.
 
Chinese AI firms drive Hong Kong’s busiest IPO month since 2019. (Bloomberg)
 
Chinese artificial intelligence companies are at the forefront of a surge in Hong Kong listings as issuers seek to capitalize on improving market sentiment.
 
At least 25 companies have made their trading debuts in the financial hub in December 2025, around half of them in the technology sector, making December 2025 the busiest month for new listings since November 2019. A further 10 companies are scheduled to begin trading in Hong Kong in January 2026.

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