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AMERICAS

Tactical Resources goes public via SPAC merger with Plum Acquisition Corp in a $589m deal.

Tactical Resources, a mineral exploration and development company focused on rare earth elements, went public via SPAC merger with Plum Acquisition Corp, a NASDAQ-listed special purpose acquisition company, in a $589m deal, according to press releases.

Tactical Resources was advised by Manning Elliott, Jett Capital Advisors, Allen & Overy, McMillan and A&O Shearman (led by Alain Dermarkar and Romain Dambre). Plum Acquisition Corp was advised by Cohen & Company Capital Markets, Aird & Berlis and Hogan Lovells (led by Richard Aftanas), according to press releases and MergerLinks data.

Samsonite to acquire 85% stake in BEIS from Monogram Capital Partners-backed Beach House Group for $178.5m.

Samsonite, a global company in the travel and luggage industry, providing a wide range of products such as suitcases, backpacks, bags, and travel accessories, agreed to acquire 85% stake in BEIS, a lifestyle and travel brand, from Monogram Capital Partners-backed Beach House Group, the Los Angeles-based beauty incubator, for $178.5m, according to press releases.

BEIS is advised by Raymond James, Granderson Des Rochers, Grubman Shire Meiselas & Sacks, Hirschfeld Kraemer and The Lede Company. Samsonite is advised by Bank of America, Ropes & Gray and Joele Frank (led by Michael Freitag and Ed Trissel), according to press releases.

Global Net Lease completes the acquisition of Modiv Industrial for $535m.

Global Net Lease, a real estate investment trust that focuses on acquiring and managing a global portfolio of income-producing net lease assets, completed the acquisition of Modiv Industrial, an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate, for $535m, according to press releases.

Modiv Industrial was advised by Truist Securities, Morrison Foerster (led by Andrew Campbell) and Venable. Truist Securities was advised by Alston & Bird (led by Aaron Dixon). Global Net Lease was advised by BMO Capital Markets, Greenberg Traurig and Paul Weiss Rifkind Wharton & Garrison (led by Jeffrey D. Marell and Ross Fieldston), according to press releases and MergerLinks data.

AEVEX to acquire BlackSea Technologies for $650m.

AEVEX, a defense and intelligence company, agreed to acquire BlackSea Technologies, a provider of unmanned surface and subsea vessels, for $650m, according to press releases.

AEVEX is advised by Jefferies & Company, Crowell & Moring and Kirkland & Ellis. BlackSea Technologies is advised by Raymond James and Cooley, according to press releases.

US Dermatology Partners completes the merger with DermCare Management.

US Dermatology Partners, a dermatology practice, completed the merger with DermCare Management, a company specializing in dermatology and cosmetic surgery practice-management services, according to press releases. Financial terms were not disclosed.

US Dermatology Partners was advised by Deutsche Bank, JP Morgan, Davis Polk & Wardwell and Profile Advisors (led by Mike Geller). DermCare Management was advised by Holland & Knight, according to press releases.

Dynatrace to acquire Arize for a $915m.

Dynatrace, an AI-powered observability and security platform, agreed to acquire Arize, an unified AI observability and LLM evaluation platform, for a $915m, according to press releases.

Dynatrace is advised by JP Morgan and Goodwin. Arize is advised by Qatalyst Partners and DLA Piper, according to press releases.

Bernhard Capital-backed Optimum Energy completes the acquisition of Hussung Mechanical Contractors.

Bernhard Capital-backed Optimum Energy, a provider of energy optimization software, completed the acquisition of Hussung Mechanical Contractors, a provider of commercial mechanical system design and construction, according to press releases. Financial terms were not disclosed.

Hussung Mechanical Contractors was advised by Stephens and Calfee Halter & Griswold. Bernhard Capital and Optimum Energy were advised by Fishman Haygood and Prosek Partners, according to press releases.

CAI Software completes the acquisition of LLumin.

CAI Software, a global provider of industry-specific software solutions for manufacturing organizations, completed the acquisition of LLumin, a provider of a cloud/software CMMS and EAM platform, according to press releases. Financial terms were not disclosed.

LLumin was advised by Kaizen Equity Partners. CAI Software was advised by Maven Group and Paul Hastings, according to press releases.

Atlas Merchant Capital completes an investment in Edge Focus.

Atlas Merchant Capital, a private equity firm, completed an investment in Edge Focus, a technology-driven investment firm that delivers curated access to consumer-focused private credit, according to press releases. Financial terms were not disclosed.

Atlas Merchant Capital was advised by CRB Securities and Calfee Halter & Griswold. Edge Focus was advised by Caliber Corporate Advisers, according to press releases.

Soleus Capital led a $110m Series C round in Bridge to Life.

Soleus Capital, a private equity firm, led a $110m Series C round in Bridge to Life, a developer and supplier of organ preservation and perfusion systems and preservation solutions for transplant centers and organ procurement organizations, with participation from Lauxera Capital Partners, according to press releases.

Bridge to Life was advised by UBS and Morgan Lewis & Bockius, according to press releases.

Astara Capital Partners completes the acquisition of Dynatec Systems.

Astara Capital Partners, a middle-market private equity firm, completed the acquisition of Dynatec Systems, a provider of membrane-based industrial wastewater treatment systems and aftermarket products and services, according to press releases. Financial terms were not disclosed.

Astara Capital Partners was advised by Dentons and Robinson Bradshaw, according to press releases.

StoneX to acquire Banco Travelex.

StoneX, a financial services organization, agreed to acquire Banco Travelex, a Brazil's bank, according to press releases. Financial terms were not disclosed.

Banco Travelex is advised by BTG Pactual and Barclays, according to MergerLinks data.

Ancora to acquire building adhesives solutions business of HB Fuller for $1.2bn.

Ancora, a client focused investment management, wealth advisory and insurance agency firm, agreed to acquire building adhesives solutions business of HB Fuller, an American multinational adhesives manufacturing company, for $1.2bn, according to press releases.

HB Fuller was advised by Kekst CNC (led by Nicholas Capuano and Liz Cohen), according to press releases.

Josh Kushner and Bob Iger to buy LA Lakers for $12.5bn. (Bloomberg)

Josh Kushner and Bob Iger are in talks to acquire the Los Angeles Lakers for a record $12.5bn. Kushner, founder and CEO of Thrive Capital, and Iger, a former CEO of Walt Disney and an adviser to Thrive, had previously been pursuing an NBA expansion team in Las Vegas before turning their attention to the Lakers.

The proposed transaction would value the Lakers at a record level for a professional sports franchise.

Anthropic is in talks to buy startup Decart for $6bn. (Bloomberg)

Anthropic is in talks to acquire AI startup Decart AI for about $6bn. Decart develops so-called world models that simulate aspects of the physical world, as well as software designed to improve chip efficiency and reduce the cost of AI training.

The technology could help Anthropic expand the capacity of its existing infrastructure as demand for its products grows.

Wendy's shares jump on report that Peltz is preparing bid. (Bloomberg)

Wendy's shares rose to their highest level in seven weeks after reports that Trian Fund Management is preparing a potential bid to take the fast-food chain private.

Trian, which held a 16% stake in Wendy's as of March 31, is seeking to bring other shareholders into a potential offer that could emerge in the coming weeks.

Vantage Data Centers explores IPO at $100bn valuation or sale. (Reuters)

Vantage Data Centers is exploring strategic options including an initial public offering or a sale as soon as 2027.

The company, backed by Silver Lake and DigitalBridge Group, could seek to raise about $10bn through an IPO at a valuation of roughly $100bn, potentially making it the largest data center listing to date. Vantage is also considering a sale of the company or a stake to an investor.

Delek Logistics Partners announces pricing of public offering of common units. (Press Release)

Delek Logistics Partners has priced a $200m public offering of common units, with an option for underwriters to purchase up to an additional 600k units.

The partnership is offering 4m units at $50 each. Proceeds will be used primarily to repay borrowings under its revolving credit facility, with the remainder allocated to general partnership purposes.

EMEA

A consortium of investors to invest in CRTS Global.

A consortium of investors, consisting of Voyager Interests, TAEF and Zamil Group Investment Company, agreed to invest in CRTS Global, a company specializing in internal and external pipeline field joint coating, according to press releases. Financial terms were not disclosed.

CRTS Global is advised by PJT Partners and DLA Piper. TAEF and Zamil Group is advised by Dentons, according to press releases.

Candle Lake makes mandatory $14bn offer for Evolution. (Bloomberg)

Candle Lake, owned by billionaire Kenneth Dart, has launched a mandatory cash takeover offer for Evolution, valuing the company at about SEK132bn ($13.8bn).

The offer values each Evolution share at SEK695 ($72.8), about 6% below the previous closing price. Candle Lake's holding in Evolution recently exceeded 30%, triggering Sweden's mandatory takeover rules.

Adyen soars most in year after acquisitions boost sales outlook. (Bloomberg)

Adyen shares jumped by the most in more than a year after the company's first-ever acquisitions prompted it to raise its 2026 revenue growth outlook.

Adyen now expects net revenue to increase 21% to 23% on a constant-currency basis in 2026, including contributions from Talon.One and Orb, compared with its previous forecast of 20% to 22% growth.

APAC

IASO Biotechnology completes the acquisition of MediSix Therapeutics.

IASO Biotechnology, a biopharmaceutical company focused on the development of cell therapies in the field of oncology, completed the acquisition of MediSix Therapeutics, a developer of T-cell therapies and enabling technologies for cancer and autoimmune diseases, according to press releases. Financial terms were not disclosed.

EQT offers $4.9bn to buy Australia's Cleanaway waste. (Bloomberg)

EQT has offered to acquire Cleanaway Waste Management in a deal valuing the listed company at about AUD6.9bn ($4.9bn).

EQT has proposed to acquire all of Cleanaway's shares in cash, with the company's board recommending that shareholders accept the offer. Cleanaway will also grant EQT nine weeks of exclusive access to its books to negotiate a binding agreement.

Philippines' First Gen eyes take-private deal from KKR at $2.7bn valuation. (Deal Street Asia)

KKR has launched a mandatory takeover offer for Philippines-based First Gen that values the company at about PHP165.44bn ($2.7bn). The offer follows KKR's agreement to acquire an 8.43% stake in First Gen from its parent, First Philippine Holdings.

The transaction is expected to trigger a mandatory tender offer for the remaining 11.67% public float, potentially supporting First Gen's voluntary delisting from the Philippine Stock Exchange.

BofA to take a 49.9% stake in Jio Credit for $1.9bn in India push. (Reuters)

Bank of America has agreed to acquire up to a 49.9% stake in the non-bank lending arm of Jio Financial Services for INR182.68bn ($1.92bn).

The investment will expand Bank of America’s presence in India’s fast-growing financial sector, where banks and non-bank lenders are benefiting from strong credit demand and relatively low levels of loan delinquencies.

Korea's SK Shipping and H-Line swap tankers to create LNG Giant. (Bloomberg)

SK Shipping and H-Line Shipping, both owned by private equity firm Hahn, will exchange vessels and contracts in a transaction that will create one of the world's largest operators of liquefied natural gas carriers.

Under the agreement, SK Shipping will receive 16 LNG vessels and their long-term contracts from H-Line in exchange for 12 tankers, their contracts and about $300m in cash.

Londian Wason valued at $2bn, biggest Chinese debut in New York in over a year. (Reuters)

Londian Wason New Energy Tech was valued at $2.01bn in its New York Stock Exchange debut, marking the largest US IPO by a Chinese company in more than a year.

The Shenzhen-based copper foil maker raised $94.3m in an upsized offering, with shares opening at $26, above the $22 IPO price.

Fintech startup Navi to hire banks for $315m IPO. (Bloomberg)

Navi is preparing to formally begin the process for an initial public offering in India that could raise as much as INR30bn ($314m).

The fintech company, founded by former Flipkart co-founder Sachin Bansal, has appointed JM Financial, Kotak Mahindra Capital, Goldman Sachs and JPMorgan as advisers for the offering.

ZUS Coffee to explore Malaysia IPO to raise at least $245m. (Bloomberg)

ZUS Coffee is considering an initial public offering of its Malaysian business that could raise at least MYR1bn ($245m).

Owner Zuspresso is working with financial advisers on a potential listing that could value the business at about MYR4bn ($978m). The IPO could take place on Bursa Malaysia as soon as mid-2027.

Thai hotel giant Minor International delays $1bn REIT Plan. (Bloomberg)

Minor International has postponed plans for its first real estate investment trust, which was expected to be valued at about $1bn, as deteriorating market conditions weigh on investor demand.

The Thailand-based hotel and restaurant operator is concerned investors could seek a higher-than-expected yield on the REIT amid uncertainty related to the Middle East conflict, according to its head of investor relations.

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