Terra Quantum to go public via SPAC merger with Axiom at a valuation of $3.5bn.

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AMERICAS

Eli Lilly to acquire Vaccine Company for up to $1.55bn.

Eli Lilly, a pharmaceutical company, agreed to acquire Vaccine Company, a biotechnology company, for up to $1.55bn, according to press releases.

Vaccine Company is advised by Lazard, Cooley and FGS Global (led by Morgan Warners). Eli Lilly is advised by JP Morgan, according to press releases and MergerLinks data.

Eli Lilly to acquire Curevo for up to $1.5bn.

Eli Lilly, a pharmaceutical company, agreed to acquire Curevo, a clinical‑stage biotechnology company, for up to $1.5bn, according to press releases.

Curevo is advised by Centerview Partners, JP Morgan and Cooley, according to press releases.

AMETEK completes the acquisition of First Aviation Services.

AMETEK, a global manufacturer of electronic instruments and electromechanical devices, completed the acquisition of First Aviation Services, a provider of aircraft parts manufacturing, according to press releases. Financial terms were not disclosed.

First Aviation Services was advised by Jefferies & Company and Day Pitney, according to press releases.

Global-e to acquire Passport for up to $425m.

Global-e, an Israeli technology company, agreed to acquire Passport, a US-based cross-border e-commerce logistics and solutions company, for up to $425m, according to press releases.

Global-e is advised by Headline Media (led by Allison Grey), according to press releases.

Voltera to merge with Revel.

Voltera, an electric mobility infrastructure company, agreed to merge with Revel, an electric mobility infrastructure company providing public charging networks. As part of the transaction, EQT will hold a majority stake in the combined company, with Global Infrastructure Partners, part of BlackRock, retaining a minority stake, according to press releases. Financial terms were not disclosed.

Voltera is advised by Antenna Group (led by Tori Bentkover), according to press releases.

Swoop completes the acquisition of Nimble.

Swoop, a provider of omnichannel marketing technology, completed the acquisition of Nimble, a digital healthcare platform providing pharmacy and prescription management solutions, according to press releases. Financial terms were not disclosed.

Arthur J. Gallagher completes the acquisition of Twin Elms.

Arthur J. Gallagher, a US-based global insurance brokerage and risk management services firm, completed the acquisition of Twin Elms, an insurance brokerage specializing in environmental risk and pollution liability solutions, according to press releases. Financial terms were not disclosed.

Kleinschmidt completes the acquisition of eBase Solutions.

Kleinschmidt, a digital integration and IT services company, completed the acquisition of eBase Solutions, a provider of enterprise integration and data transformation software, according to press releases. Financial terms were not disclosed.

Northern Oil & Gas nears CAD350m acquisition of Canadian energy assets. (Press Release)

Northern Oil & Gas is set to acquire a 25% stake in Canadian oil and gas properties from Parallax Energy Operating in its first international transaction.

The deal includes producing assets and acreage in Alberta’s Duvernay shale basin and is valued at about CAD350m ($254m).

Applied Aerospace & Defense targets up to $3.59bn valuation in US IPO. (Reuters)

Applied Aerospace & Defense is seeking a valuation of up to $3.59bn in its US initial public offering amid strong investor demand for defense sector assets.

The private equity-backed government contractor plans to raise as much as $682.5m through the sale of 32.5m shares priced between $18 and $21 each.

Safepoint targets up to $1.16bn valuation in US IPO. (Reuters)

Safepoint is seeking a valuation of up to $1.16bn in its US initial public offering amid improving conditions in Florida’s insurance market following recent reforms.

The insurer and certain shareholders are looking to raise as much as $283.3m through the sale of 16.7m shares priced between $15 and $17 each.

Quantinuum seeks to raise $1.05bn in US IPO. (Bloomberg)

Quantinuum is seeking to raise up to $1.05bn in a US initial public offering as investor interest in quantum computing continues to grow.

The Honeywell-backed company plans to sell about 21m shares at $45 to $50 each, implying a market valuation of up to $12.7bn.

EMEA

Arsenal Capital Partners to acquire a majority stake in Velcro.

Arsenal Capital Partners, a private equity firm, agreed to acquire a majority stake in Velcro, a global manufacturer of hook‑and‑loop fastening systems, according to press releases. Financial terms were not disclosed.

Arsenal Capital Partners is advised by Piper Sandler and Kirkland & Ellis. Velcro is advised by Greenhill & Co and Mayer Brown, according to press releases.

Oakley Capital to acquire a majority stake in XTEL from Bain Capital and Silvertree for £33m.

Oakley Capital, a private equity firm, agreed to acquire a majority stake in XTEL, a provider of revenue management and trade promotion software for consumer packaged goods companies, from Bain Capital and Silvertree, the private equity firms, for £33m ($44m), according to press releases.

Oakley Capital is advised by Deutsche Numis (led by Nathan Brown and Matt Goss) and Greenbrook (led by Robert White, Michael Russell and Theo Bryan). XTEL, Bain Capital and Silvertree are advised by Evercore, according to press releases.

Olympus to acquire BioProtect for $270m.

Olympus, a Japanese manufacturer of optics and reprography products, agreed to acquire BioProtect, a medical device manufacturer aiming to advance cancer care through innovative spacing solutions, for $270m, according to press releases.

Poste Italiane says it will not raise €11bn Telecom Italia bid. (Reuters)

Poste Italiane stated that it has no plans to increase the price of its €11bn ($12.8bn) offer for Telecom Italia shares it does not already own.

The company launched the bid in March 2026 as part of plans to take Telecom Italia private and create a national digital champion.

Dutch government blocks Kyndryl takeover of Solvinity. (Bloomberg)

The Dutch government has blocked Kyndryl’s proposed acquisition of cloud services provider Solvinity, citing national security concerns.

Dutch authorities stated that the transaction could pose risks to the public interest and announced a full prohibition of the deal before completion.

Insilico Medicine explores Abu Dhabi secondary listing. (Bloomberg)

Insilico Medicine is considering a secondary listing in Abu Dhabi that could make it the first non-Gulf company to list shares on a regional exchange.

The Hong Kong-listed biotech company has held preliminary discussions about a potential listing on the Abu Dhabi Securities Exchange as early as 2026.

Ethio Telecom lists on Ethiopian bourse in country’s first IPO. (Bloomberg)

Ethio Telecom has listed on Ethiopia’s stock exchange, marking the country’s first initial public offering.

The state sold just under 11% of the 100m shares offered, raising ETB3.2bn ($20m).

APAC

Temasek completes a $150m investment in Mobvista.

Temasek, a global investment company, completed a $150m investment in Mobvista, a mobile technology company, according to press releases.

Pacific Channel completes the acquisition of ENGIE Factory APAC from ENGIE.

Pacific Channel, an Asia‑Pacific fund manager, completed the acquisition of ENGIE Factory APAC, a Singapore‑based startup studio, from ENGIE, a multinational electric utility company, according to press releases. Financial terms were not disclosed.

Atlas Arteria's independent expert finds IFM Global's offer not fair or reasonable. (Reuters)

Atlas Arteria said its independent expert has supported the company’s rejection of a takeover proposal from IFM Global Infrastructure Fund.

The expert’s assessment aligns with Atlas Arteria’s view that the proposal does not adequately reflect the company’s value.

Merdeka Gold Resources plans Hong Kong listing to raise at least $500m. (Bloomberg)

PT Merdeka Gold Resources is preparing a Hong Kong listing that could raise at least $500m through the sale of Hong Kong depositary receipts.

The Indonesian gold miner is expected to launch the offering as soon as June in what would mark the first major Hong Kong listing of its kind in more than a decade.

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