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Top Highlights
Sunoco, a US-based partnership specializing in the distribution of motor fuels, operating convenience stores and wholesale fuel supply chains, agreed to acquire Parkland Corporation, a Canada-based fuel and petroleum products company specializing in retail, commercial, and wholesale distribution, for $9.1bn, according to press releases.
Parkland is advised by BMO Capital Markets, Bank of America, Goldman Sachs, Norton Rose Fulbright and Torys. Financial advisors are advised by Sullivan & Cromwell (led by Stephen M. Kotran and Matthew Goodman). Sunoco is advised by Barclays, RBC Capital Markets, Stikeman Elliott, Vinson & Elkins and Weil Gotshal and Manges. Debt financing is provided by Barclays and RBC Capital Markets , according to press releases and MergerLinks data.
3G Capital, a global investment firm and private partnership, agreed to acquire Skechers, the third largest footwear company in the world, for $9.4bn, according to press releases.
Skechers is advised by Greenhill & Co, Latham & Watkins and Gladstone Place Partners (led by Steven Lipin). Greenhill & Co is advised by Sullivan & Cromwell (led by Melissa Sawyer and Lee C. Parnes). 3G Capital is advised by JP Morgan, Kirkland & Ellis and Paul Weiss Rifkind Wharton & Garrison. Debt financing is provided by JP Morgan , according to press releases and MergerLinks data.
Gold Fields, one of the world's largest gold mining firms, agreed to acquire Gold Road Resources, a mid-tier Australian gold producer and explorer, for AUD2.6bn ($1.6bn), according to press releases.
Gold Road Resources is advised by Goldman Sachs, Gresham, Corrs Chambers Westgarth (led by Russell Philip) and Cannings Purple (led by Peter Klinger). Gold Fields is advised by JP Morgan, Herbert Smith Freehills (led by Simon Reed), Linklaters, Webber Wentzel and VECTOR Advisors (led by John Gardner), according to press releases and MergerLinks data.
Deal Round up
AMERICAS
Tidal Partners hires tech veteran Bill Shope as a New York-based partner. ( Bloomberg)
Warren Buffett to stay on as Berkshire Hathaway chairman after stepping down as CEO. ( Press Release)
EMEA
Dubai Holding to list residential REIT with 12.5% stake offer. ( Bloomberg)
Spanish government to launch public consultation on BBVA-Sabadell merger. ( Reuters)
Shell evaluating possible takeover of BP amid stock decline. ( Bloomberg)
APAC
InvAscent marks the final close of the fourth PE fund at $304m. ( DealStreetAsia)
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INVESTORS
FINANCIAL ADVISORS
LEGAL ADVISORS
PR ADVISORS
DEBT PROVIDERS
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AMERICAS
Peabody Energy announced that if issues involving Anglo American's Moranbah North mine were not resolved, it may elect to terminate its pending deal to acquire some of the British mining company's Australian steelmaking coal assets.
Pershing Square, an American hedge fund management company, agreed to invest $900m in Howard Hughes, a real estate development and management company, according to press releases.
Howard Hughes is advised by Morgan Stanley, Hogan Lovells and Richards Layton and Finger. Pershing Square is advised by Jefferies & Company, Morris Nichols, Sullivan & Cromwell and Joele Frank (led by Andrew B. Siegel) , according to press releases.
CoreWeave, an American cloud-computing startup, completed the acquisition of Weights & Biases, a company developing AI applications and offering training and fine-tuning AI models, according to press releases. Financial terms were not disclosed.
Lamar Advertising, an outdoor advertising company, completed the acquisition of out-of-home advertising assets from Carruth Capital-backed Premier Outdoor Media, an advertising agency, according to press releases. Financial terms were not disclosed.
Lamar Advertising was advised by Kean Miller. Premier Outdoor Media was advised by Moorgate Securities and Munsch Hardt Kopf & Harr, according to press releases.
FalconPoint Partners-backed Jennmar, a global provider of infrastructure products, completed the acquisition of Rohrig Heavy Equipment Maintenance, a provider of equipment maintenance and repair services to the construction, mining, and oil and gas industries. Financial terms were not disclosed.
FalconPoint Partners was advised by Joele Frank (led by Ed Trissel) , according to press releases.
HGGC, a middle-market private equity firm, and Snapdragon Capital, a private equity firm investing in consumer, e-learning, and education sectors, completed the investment in Fullscript, a healthcare platform, according to press releases. Financial terms were not disclosed.
PBI-Gordon Companies, a company specializing in turf and ornamental management, animal health, and consumer lawn care products, completed the acquisition of TriviumVet, a research and development company advancing innovative treatments for chronic conditions in cats and dogs, according to press releases. Financial terms were not disclosed.
A group of investors, including ARCH Venture Partners, Deerfield Management, Bezos Expeditions, Tao Capital Partners, Rsquared VC, Earth Foundry and In-Q-Tel, led a $155m seed funding round in Atlas Data Storage, a technology company building end-to-end DNA data storage, according to press releases.
Tidal Partners hires tech veteran Bill Shope as a New York-based partner. ( Bloomberg)
Tidal Partners has appointed Bill Shope as a partner based in New York, adding a seasoned technology expert to its M&A advisory team. Shope brings nearly two decades of experience from firms such as Goldman Sachs, Credit Suisse, and JPMorgan Chase, where he specialized in technology sector research and strategy.
His addition is expected to bolster the boutique advisory firm's capabilities in advising tech clients on complex strategic transactions. Tidal continues to expand its senior leadership as it grows its presence in the competitive advisory space.
Warren Buffett to stay on as Berkshire Hathaway chairman after stepping down as CEO. ( Press Release)
Warren Buffett will remain chairman of Berkshire Hathaway even after stepping down as chief executive at the end of the year. The announcement follows Buffett’s statement at the firm’s annual meeting that Greg Abel will take over as CEO, a succession plan that had been signalled years earlier.
The move marks a historic leadership shift at the conglomerate, long guided by Buffett’s investment philosophy. While ceding day-to-day operations, Buffett’s continued role as chairman ensures his influence on major strategic decisions remains intact.
EMEA
Erste Group, an Austrian financial service provider, agreed to acquire a 49% stake in Santander Polska and Santander Towarzystwo Funduszy Inwestycyjnych from Banco Santander, a Spanish multinational financial services company, for €7bn ($7.9bn), according to press releases.
Erste Group is advised by JP Morgan, Rymarz Zdort Maruta and Wolf Theiss. Banco Santander is advised by Citigroup, Greenberg Traurig (led by Stephen Horvath and Lukasz Pawlak) and Santander, according to press releases and MergerLinks data.
Anduril Industries, an American defense technology company that specializes in autonomous systems, agreed to acquire Klas, an Ireland-based tactical communications systems maker, according to press releases. Financial terms were not disclosed.
Safe Life, a provider of life-saving solutions, completed the acquisition of France DAE, a French distributor specializing in automated external defibrillators, according to press releases. Financial terms were not disclosed.
Dubai Holding to list residential REIT with 12.5% stake offer. ( Bloomberg)
Dubai Holding, the investment firm owned by the emirate’s ruler, plans to list a residential real estate investment trust on the local exchange to leverage ongoing strength in Dubai’s property market. The REIT, named Dubai Residential REIT, will offer about 12.5% of its units to investors.
The listing aims to monetize a portion of the firm’s residential property assets while providing public market access to Dubai’s booming housing sector. Further details on pricing and timeline have not yet been disclosed.
Spanish government to launch public consultation on BBVA-Sabadell merger. ( Reuters)
Spain's Prime Minister Pedro Sanchez announced that the government will open a public consultation to gather feedback on BBVA’s proposed acquisition of Banco Sabadell. The move aims to collect input from citizens’ organizations and associations before proceeding with the review of the deal.
The proposed merger between BBVA and Sabadell would create one of the largest banking entities in Spain, raising questions around competition, regional access, and economic impact. The consultation signals the government's intention to weigh public sentiment alongside regulatory assessments.
Shell evaluating possible takeover of BP amid stock decline. ( Bloomberg)
Shell is working with advisers to assess the potential acquisition of rival oil major BP. Discussions have intensified in recent weeks, but Shell is reportedly waiting to see if BP’s stock and oil prices fall further before deciding whether to move forward with a formal bid.
A combination of the two firms would represent one of the largest deals in the energy sector and could significantly reshape the global oil and gas landscape. The deliberations remain preliminary, and no formal offer has been made.
APAC
InvAscent marks the final close of the fourth PE fund at $304m. ( DealStreet Asia)
Healthcare-focused private equity firm InvAscent has closed its fourth fund at $304m. The fund includes portfolio companies such as cancer care provider HCG and multispecialty chain Ankura Hospital.
Although the vehicle raised substantial capital, it fell short of its initial $325m target. The fund will continue to support InvAscent’s investment strategy in the Indian healthcare sector, targeting growth-oriented businesses across services and products.
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