TotalEnergies completes the acquisition of VSB from Partners Group for €1.57bn.

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AMERICAS

1547 and Harrison Street completes the acquisition of DRFortress from GI Partners.

1547, an owner and operator of data centers, and Harrison Street, an investment management firm, completed the acquisition of DRFortress, Hawaii’s largest carrier-neutral data center, from GI Partners, a private equity company, according to press releases. Financial terms were not disclosed.

Harrison Street was advised by Dukas Linden Public Relations (led by Doug Allen). 1547 was advised by DLA Piper and iMiller Public Relations (led by Ilissa Miller). GI Partners was advised by Bank Street Group, Paul Weiss Rifkind Wharton & Garrison (led by Ravi Purohit) and Chris Tofalli Public Relations (led by Chris Tofalli), according to press releases and MergerLinks data.

Mid Penn and William Penn receive shareholder approval for merger. (Press Release)

Mid Penn Bancorp and William Penn Bancorporation announced that shareholders from both companies overwhelmingly approved Mid Penn’s proposed acquisition of William Penn at special meetings held on April 2, 2025.

William Penn is advised by Piper Sandler. Mid Penn is advised by Keefe Bruyette & Woods (led by Joseph Moeller and Adam Ray Tarvin), Stephens, Pillar Aught. Financial advisors are advised by Kilpatrick Townsend, according to press releases and MergerLinks data.

APM Terminals completes the acquisition of PCRC from CPKC and Lanco Group.

APM Terminals, a port operating company, completed the acquisition of PCRC, a railway line linking the Atlantic Ocean to the Pacific Ocean in Central America, from CPKC, a Canadian railway holding company, and Lanco Group, a construction engineering company, according to press releases. Financial terms were not disclosed.

PCRC was advised by Bank of America, Lazard and Sullivan & Cromwell (led by C. Andrew Gerlach), according to press releases and MergerLinks data.

Riverside completes the acquisition DAWGS.

Riverside, an investment firm, completed the acquisition Door & Window Guard Systems, a provider of door and window guards designed to secure vacant properties, according to press releases. Financial terms were not disclosed.

Riverside was advised by Jones Day (led by Lisa Lathrop) and Holly M Communications (led by Holly Mueller), according to press releases and MergerLinks data.

TowneBank to acquire Old Point Financial for $203m.

TowneBank, a company built on relationships, offering a full range of banking and other financial services, agreed to acquire Old Point Financial, a bank holding company, for $203m, according to press releases.

TowneBank was advised by Wachtell Lipton Rosen & Katz (led by Matthew M. Guest), according to MergerLinks data.

Tenstreet completes the acquisition of DriverReach.

Tenstreet, a leading marketplace solution provider for drivers and carriers, completed the acquisition of DriverReach, a software company, according to press releases. Financial terms were not disclosed.

Debt providers were advised by Latham & Watkins (led by Stelios Saffos), according to press releases.

Lovell Minnick-backed Warner Pacific completes the acquisition of Black, Gould & Associates.

Lovell Minnick-backed Warner Pacific, a trusted national General Agency for brokers nationwide, completed the acquisition of Black, Gould & Associates, a full-service general agency that offers complete back-office services to agents and brokers, according to press releases. Financial terms were not disclosed.

Warner Pacific was advised by Prosek Partners (led by Ben Howard), according to press releases.

Dominus Capital-backed Lockmasters completes the acquisition of Signals Defense.

Dominus Capital-backed Lockmasters, a locks, tools and hardware company, completed the acquisition of Signals Defense, a Maryland-based radio frequency and infrared shielding solutions company, according to press releases. Financial terms were not disclosed.

EVI Industries completes the acquisition of Girbau North America.

EVI Industries, a public company operating exclusively within the commercial laundry distribution and service industry, completed the acquisition of Girbau North America, an industrial equipment supplier, according to press releases. Financial terms were not disclosed.

Lupin Healthcare completes the acquisition of Renascience Pharma.

Lupin Healthcare, a multinational pharmaceutical company, completed the acquisition of Renascience Pharma, a pharmaceutical company, according to press releases. Financial terms were not disclosed.

TikTok draws more bids as deadline nears. (Reuters)

As the April 5 deadline approaches, more bidders are emerging for TikTok. Amazon and a consortium led by OnlyFans founder Tim Stokely are the latest to join the race to acquire the platform, which faces a potential US ban if not sold to a non-Chinese buyer.

Brookfield and CDPQ near $1.4bn acquisition of Antylia Scientific. (Bloomberg)

Brookfield’s private equity arm and CDPQ are close to finalizing a deal to acquire Antylia Scientific from GTCR.

The transaction would value the life sciences diagnostics company at around $1.4bn.

Historically, Brookfield has worked with Bank of America, Morgan Stanley, Latham & Watkins and Weil Gotshal and Manges, according to MergerLinks data.

Former Vice CEO Nancy Dubuc joins Togethxr to lead push in women’s sports. (WSJ)

Nancy Dubuc, the former chief of A+E Networks and Vice Media, has been appointed executive chair of Togethxr, a media and commerce startup focused on women’s sports.

Togethxr, pronounced “together,” is known for its “Everyone Watches Women’s Sports” T-shirt seen at events worldwide. The company also creates social media content, documentaries, podcasts, and newsletters centered on female athletes and their communities.

EMEA

CriteriaCaixa to acquire a 20% stake in Celsa Group.

CriteriaCaixa, a financial services company, agreed to acquire a 20% stake in Celsa Group, a producer of low-emission circular steel, according to press releases. Financial terms were not disclosed.

CriteriaCaixa is advised by Societe Generale, according to MergerLinks data.

Cotecna completes the acquisition of Suolo e Salute.

Cotecna, an international trade and development company, completed the acquisition of Suolo e Salute, an agricultural services company, according to press releases. Financial terms were not disclosed.

Private equity firms bid for MyDentist in £800m–£900m auction. (Sky News)

Bridgepoint, Cinven, TDR Capital and Triton Partners are competing to acquire MyDentist, the UK’s largest provider of NHS dental services, in a sale process expected to value the company between £800m and £900m ($1bn–$1.1bn).

The auction is being run by Morgan Stanley. MyDentist, which operates around 600 clinics across the UK, is currently owned by Palamon Capital Partners, which bought the business from Carlyle in 2021. HIG Europe also submitted a bid earlier in the process, though its role in the final round remains unclear.

Glass Lewis urges Monte dei Paschi investors to support Mediobanca bid. (Reuters)

Governance adviser Glass Lewis has recommended that Monte dei Paschi shareholders approve the issuance of new shares to support a takeover bid for Mediobanca, ahead of a vote set for April 17.

While noting risks around execution, including cultural integration and potential disruption to Mediobanca’s business, the firm backed the proposed deal in its report for MPS’s annual meeting.

Finastra refinancing halted as US loan market faces renewed pressure. (FT)

A major refinancing effort for Finastra has been put on hold as volatility in the US loan market intensifies.

Vista Equity Partners has decided to shelve plans to refinance or repay nearly $6bn in debt and preferred equity tied to the company. The move reflects broader market turbulence that has disrupted efforts to replace large private credit deals.

Political uncertainty weighs on South African dealmaking. (Bloomberg)

Government tensions in South Africa and global economic uncertainty are slowing deal activity in the continent’s largest economy.

A key budget vote and concerns over the future of the coalition government have dampened business confidence. Corporate cash reserves remain near record levels, but mergers and acquisitions are still limited.

Investindustrial raises €4bn for latest mid-market fund. (Bloomberg)

Investindustrial has raised €4bn ($4.3bn) for its newest flagship private equity fund, surpassing its €3.75bn ($3.1bn) target.

The fund will focus on southern European companies with global revenue streams and strong growth potential.

APAC

Marubeni completes the acquisition of OS Electronics.

Marubeni, a power business development company, completed the acquisition of OS Electronics, a company which distributes electronic components and semiconductors and also offers electronic circuit design functions for the Japanese and ASEAN markets, according to press releases. Financial terms were not disclosed.

OS Electronics was advised by Mitsubishi UFJ Morgan Stanley Securities, according to MergerLinks data.

Ursalpha Digital to acquire PRC business from Cango for $352m.

Ursalpha Digital, a company specializing in providing scalable artificial intelligence computing solutions, agreed to acquire PRC business from Cango, a bitcoin mining business, for $352m, according to press releases.

Murakami-linked group builds 5.2% stake in Fuji Media. (Bloomberg)

A group of investors tied to activist Yoshiaki Murakami has acquired a 5.2% stake in Fuji Media, increasing pressure on the company to revamp its management.

The group, which includes Murakami’s daughter Aya Nomura, indicated in a filing to Japan’s finance ministry that they may put forward significant proposals to leadership.

BHP weighed spin-off of iron ore and coal units in growth strategy shift. (Reuters)

BHP considered spinning off its Australian iron ore and coal divisions as part of a medium-term strategy to focus on future-facing commodities like potash and copper.

The move would mirror its 2015 separation of South32, with a potential Australian listing seen as the most likely path.

AirTrunk seeks $1.7bn green loan to build Singapore data centers. (Bloomberg)

AirTrunk, the Blackstone-owned data center operator, is seeking a S$2.2bn ($1.7bn) green loan to fund a new data center project in Singapore as part of its regional expansion plans.

The loan will support the development of an 80.2 megawatt greenfield data center campus in Singapore, with operations running through to the end of 2050. The project will be built for a major US client, with AirTrunk expected to lease back a portion of the allocated power under long-term agreements.

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