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Top Highlights
Transocean, an international provider of offshore contract drilling services for oil and gas wells, agreed to acquire Valaris, a provider of offshore drilling services, for $5.8bn, according to press releases.
Valaris is advised by Goldman Sachs, Conyers Dill & Pearman, Lenz & Staehelin, Skadden Arps Slate Meagher & Flom (led by Stephen Arcano and Eric Otness) and Joele Frank (led by Andrew Siegel). Transocean is advised by Evercore, Appleby, Hogan Lovells, Homburger and DrivePath, according to press releases and MergerLinks data.
CVC, a private equity and investment advisory firm, agreed to acquire Animal Nutrition & Health business of DSM-Firmenich, an animal nutrition and health solutions provider, for up to €2.2bn ($2.6bn), according to press releases.
CVC is advised by Rabobank, Morgan Stanley, Kearney, McKinsey & Company, Ernst & Young, White & Case, Latham & Watkins, ERM Group, and Montgomery McCracken Walker & Rhoads. DSM-Firmenich is advised by UBS, according to MergerLinks data and press releases.
Haveli Investments to acquire Budge Studios from General Atlantic.
Haveli Investments, a technology and gaming-focused private equity firm, agreed to acquire Budge Studios, a digital interactive entertainment firm, from General Atlantic, a private equity firm, according to press releases. Financial terms were not disclosed.
Haveli Investments is advised by Davies Ward Phillips & Vineberg, Latham & Watkins, Reevemark (led by Hugh Burns) and Baker Tilly. General Atlantic is advised by The Raine Group, Goodmans and Paul Weiss Rifkind Wharton & Garrison, according to press releases.
Deal Round up
AMERICAS
EMEA
APAC
Montage shares jumps 64% in debut after $902m Hong Kong listing. ( Bloomberg)
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COMPANIES
INVESTORS
FINANCIAL ADVISORS
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Read on...
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AMERICAS
Eli Lilly, a pharmaceutical company, agreed to acquire Orna Therapeutics, a biotechnology company, for up to $2.4bn, according to press releases.
E. & J. Gallo Winery, an American wine producer and distributor, agreed to acquire Four Roses Distillery, a bourbon producer, from Kirin Holdings, a Japanese conglomerate, for $775m, according to press releases.
Kirin is advised by UBS, according to MergerLinks data.
Ouster, a provider of sensing and perception for Physical AI, completed the acquisition of StereoLabs, a pioneer in AI vision and perception solutions, according to press releases. Financial terms were not disclosed.
Align Capital-backed MKB Company, an environmental control platform, completed the acquisition of US Silt & Site Supply, a manufacturer and distributor of erosion and sediment control products, according to press releases. Financial terms were not disclosed.
EMEA
NatWest Group, a British banking and insurance holding company, agreed to acquire Evelyn Partners, a UK wealth manager, from private equity firms Permira and Warburg Pincus for £2.7bn ($3.7bn), according to press releases.
NatWest Group is advised by Evercore, Goldman Sachs and Macfarlanes. Evelyn Partners is advised by Ardea Partners, Bank of America and UBS. Permira and Warburg Pincus are advised by Linklaters, according to press releases.
A group of investors, agreed to acquire InPost, an e‑commerce logistics provider, for €7.8bn ($9.2bn), according to press releases.
Uber Technologies, a technology company specializing in the Uber platform, offering a range of services, agreed to acquire the delivery business of Getir, a technology company that combines mobile platforms with urban logistics, according to press releases. Financial terms are not disclosed.
ZCG-backed Unimed, a global provider of medical and compliance solutions to the maritime industry, completed the acquisition of Regenboog Shipping Pharmacy, a Netherlands-based distributor of pharmaceutical products and medical devices serving the maritime sector, according to press releases. Financial terms were not disclosed.
Ardian has raised more than $5.2bn for its latest infrastructure secondaries fund, driven by strong investor demand for the strategy.
Ardian Secondary Fund IX Infrastructure, launched in December 2024, initially targeted $5bn but has since increased its target to $7.5bn. The fund has already surpassed the size of its predecessor, which closed at its $5.25bn hard cap in 2022.
APAC
Denka, a Japanese chemical company, offered to acquire a 77.65% stake in Kainos Laboratories, a pioneer in the field of clinical testing reagents, for JPY7.9bn ($50m), according to press releases.
Kainos is advised by AGS Consulting, Mizuho Securities, Nagashima Ohno & Tsunematsu and TMI Associates. Denka is advised by Sumitomo Mitsui Banking Corp. Asahi Kasei is advised by Rothschild & Co, according to press releases and MergerLinks data.
Montage shares jumps 64% in debut after $902m Hong Kong listing. ( Bloomberg)
Shares of Montage Technology jumped 64% in their Hong Kong debut after the company raised $902m in an initial public offering, marking the strongest first-day performance for an offering of that size or larger in five years.
The chip designer’s shares closed at HKD175 ($22.3) after pricing the offering at HKD106.89 ($13.6), the top of the indicated range. Montage sold 65.9m shares at a 44% discount to its Shanghai-listed stock, reflecting strong investor demand for Chinese artificial intelligence-related companies.
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