Thermo Fisher Scientific to acquire purification & filtration business of Solventum for $4.1bn.

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AMERICAS

QXO extends tender offer to acquire Beacon Roofing Supply. (Press Release)

QXO announced the extension of its all-cash tender offer to purchase all outstanding shares of Beacon Roofing Supply at $124.25 per share.

Beacon Roofing Supply is advised by Lazard. Financial advisor is advised by Sullivan & Cromwell (led by Keith A. Pagnani). QXO is advised by Innisfree M&A (led by Scott Winter), Morgan Stanley, Paul Weiss Rifkind Wharton & Garrison (led by Scott Barshay) and Gladstone Place Partners (led by Steven Lipin and Lauren Odell), according to press releases and MergerLinks data.

LongRange Capital to acquire US Synthetic from ChampionX.

LongRange Capital, a private equity firm, agreed to acquire US Synthetic, an innovative company in the energy industry, from ChampionX, a chemistry solutions and highly engineered equipment company, according to press releases. Financial terms were not disclosed.

LongRange Capital is advised by Evercore, Paul Weiss Rifkind Wharton & Garrison (led by Angelo Bonvino and Cullen Sinclair) and ICR (Brian Ruby). ChampionX is advised by Centerview Partners and Weil Gotshal and Manges, according to press releases and MergerLinks data.

Baretz+Brunelle completes the acquisition of LexFusion.

Baretz+Brunelle, a business management consultant firm, completed the acquisition of LexFusion, a business for multilingual websites, software, technology publishing, and marketing services, according to press releases. Financial terms were not disclosed.

LexFusion was advised by TD Securities (led by Andrew Forman) and Polsinelli PC (led by Paul J. Jaskot). Baretz+Brunelle was advised by JEGI CLARITY (led by Jonathan Thackeray) and Davis & Gilbert (led by Brad Schwartzberg and Lindsay Waiser), according to press releases.

Lakeview Farms and noosa yoghurt created Novus Foods.

Lakeview Farms, a food manufacturer, and noosa yoghurt, a maker of yoghurt, created Novus Foods, a consumer packaged goods company, according to press releases. Financial terms were not disclosed.

Lakeview Farms was advised by Citigroup, TD Securities, Truist Securities and Prokell Publicity. Debt financing was provided by Milbank (led by Marcus Dougherty). Campbell Soup Company was advised by Davis Polk & Wardwell (led by John D. Amorosi), according to press releases.

The Middleby Corporation to spin-off its food processing business.

The Middleby Corporation, a manufacturer of innovative cooking equipment, agreed to spin-off its food processing business, according to press releases.

The Middleby Corporation is advised by Goldman Sachs, Skadden Arps Slate Meagher & Flom (led by Shilpi Gupta and Eric Otness) and Joele Frank (led by Sharon Stern), according to press releases and MergerLinks data.

Alterra Capital completes the acquisition of a majority stake in ARP Africa Travel.

Alterra Capital, an Africa-focused private equity firm, completed the acquisition of a majority stake in ARP Africa Travel, a travel agency. Finanical terms were not disclosed.

Genstar is in talks to buy First Eagle for over $4bn. (Bloomberg)

Private equity firm Genstar Capital is in discussions to acquire a controlling stake in First Eagle Investment Management, which is currently majority-owned by Blackstone and Corsair Capital.

The potential transaction could value First Eagle at over $4bn. While talks are ongoing, no deal has been finalized, and there is a possibility that discussions may not result in an agreement.

Dye & Durham received $940m bid, says it’s not in deal talks. (Bloomberg)

Canadian technology firm Dye & Durham announced that it has received an unsolicited takeover offer of CAD20 ($14) per share but is not in negotiations with any buyer.

The bid, made by Plantro, a company controlled by former CEO Matt Proud, values the Toronto-based firm at approximately CAD1.34bn ($940m).

EMEA

AMCO to acquire an 80% stake in Exacta Group from Eulero Capital and the Oreglia family.

AMCO, a provider of financial services, agreed to acquire an 80% stake in Exacta Group, a company that specialises in public credit management, from Eulero Capital, an Italy-based venture capital and investment firm, and the Oreglia family, according to press releases. Financial terms were not disclosed.

AMCO is advised by Equita SIM, Ernst & Young and Chiomenti. Eulero Capital and the Oreglia family are advised by Mediobanca, Gatti Pavesi Bianchi Ludovici, goetzpartners and Deloitte, according to press releases and MergerLinks data.

Centric Software to acquire Contentserv for €220m.

Centric Software, a software company, agreed to acquire Contentserv, a provider of product information management and product experience management solutions, for €220m ($231m), according to press releases.

Tesla Automation to acquire assets and staff of Manz.

Tesla Automation, a subsidiary of the US electric vehicle manufacturer Tesla, agreed to acquire assets and staff of Manz AG, a German multinational engineering company, according to press releases. Financial terms were not disclosed.

Telecom Argentina to acquire Telefonica Moviles Argentina from Telefonica for $1.3bn.

Telecom Argentina, a telecommunication company, agreed to acquire Telefonica Moviles Argentina, a telecoms company, from Telefonica, a Spanish multinational telecommunications company, for $1.3bn.

Schibsted to acquire TV4 and MTV from Telia Company for SEK6.55bn.

Schibsted, an international media group, agreed to acquire TV4 and MTV, a TV & media brands, from Telia Company, a Swedish telephone company, for SEK6.55bn ($616m), according to press releases.

CGI completes the acquisition of BJSS.

CGI, an independent IT and business consulting services firm, completed the acquisition of BJSS, a technology and engineering consultancy firm, according to press releases. Financial terms were not disclosed.

UK competition watchdog clears IBM-HashiCorp $6.4bn merger. (Press Release)

The British competition regulator announced on February 25 that it will not refer IBM's $6.4bn acquisition of HashiCorp for an in-depth Phase 2 investigation, clearing a key hurdle for the deal.

Historically, IBM has worked with Cravath, Swaine & Moore, Paul Weiss Rifkind Wharton & Garrison, JP Morgan and Hogan Lovells, according to MergerLinks data.

IonQ in talks to buy ID Quantique for about $250m. (Bloomberg)

IonQ is in advanced discussions to acquire ID Quantique, a company specializing in quantum-safe network encryption.

The potential deal is valued at approximately $250m and may involve payment in IonQ stock. An announcement could come as soon as this week, though talks are still ongoing and there is no certainty that the transaction will be finalized.

Chinese VC firm eyes $400m loan to fund buyout of rock icon Marshall. (Bloomberg)

Chinese venture capital firm HongShan Capital is in talks with banks for a loan of approximately $400m to support its acquisition of audio equipment maker Marshall Group.

HongShan, also known by its overseas brand acronym HSG, is engaging with regional and international banks for the financing, which could have a tenor of five to seven years. Discussions are ongoing, and terms may still evolve.

Abu Dhabi's Etihad Airways aims to announce IPO this week. (Reuters)

Abu Dhabi's Etihad Airways is set to announce a $1bn initial public offering this week, marking the first IPO of a major Gulf airline in nearly two decades.

The airline plans to sell a 20% stake through new shares to support its growth strategy. Etihad is owned by Abu Dhabi's $225bn wealth fund ADQ, which declined to comment on the matter.

APAC

Zendesk to acquire Local Measure.

Zendesk, a provider of AI-powered services, agreed to acquire Local Measure, a provider of CCaaS and advanced voice solutions, according to press releases. Financial terms were not disclosed.

Local Measure is advised by Rothschild & Co, according to press releases and MergerLinks data.

Axis is said to weigh majority stake sale of $1bn shadow bank unit. (Bloomberg)

India’s Axis Bank is exploring options for Axis Finance, including a potential sale of a majority stake in the shadow banking unit.

The private sector lender is working with an adviser on a strategic review and may seek a valuation of $900m to $1bn in a possible transaction. Discussions are ongoing, and no final decision has been made.

Woodside sees $1.2bn US LNG play paying off as Trump policies drive deals. (Reuters)

Woodside Energy, Australia’s largest gas producer, is well positioned to benefit from rising US liquefied natural gas demand driven by President Donald Trump’s trade policies and pro-fossil fuel stance, CEO Meg O’Neill said on February 25.

O’Neill noted that the Trump administration’s push to reduce the trade deficit by urging allies to purchase more US goods is already creating potential business opportunities for Woodside’s Louisiana LNG project, which the company acquired for $1.2bn last year.

Hillhouse seeks to refinance mattress maker’s $800m loan. (Bloomberg)

Hillhouse Investment is in discussions with banks to refinance an $800m loan that supported its acquisition of Chinese mattress maker AI Dream.

The asset manager is looking to raise around $800m in either US dollars, Chinese yuan, or a mix of both. The new loan is expected to have a tenor of approximately five to seven years.

KKR, Fountainvest and PAG among those eyeing Starbucks China stake. (Reuters)

KKR, Fountainvest Partners, and PAG are among the buyout firms exploring a stake in Starbucks' China business as the US coffee chain seeks to revive slowing sales in its second-largest market.

Chinese companies, including state-owned conglomerate China Resources Holdings and food delivery giant Meituan, have also been approached as potential buyers. Discussions are ongoing, and no final decisions have been made.

Indian non-bank lender Tata Capital to launch IPO. (Reuters)

India's Tata Capital plans to launch an initial public offering, issuing 230m new shares while existing shareholders will sell their stakes through an offer for sale.

The financial services arm of Tata Group, valued at $165bn, is required to list by September under central bank regulations for "upper layer" non-banking financial companies.

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