Trian and General Catalyst complete the acquisition of the remaining 79.6% stake in Janus Henderson at an $8bn valuation.

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AMERICAS

Francisco Partners completes the acquisition of Blackline Safety from LFG and The DAK Group for up to CAD850m.

Francisco Partners, an investment firm, completed the acquisition of Blackline Safety, a Canada‑based safety technology company providing connected gas detection and lone worker monitoring solutions, from LFG, a global private investment firm, and The DAK Group, a boutique investment banking firm, for up to CAD850m, according to press releases.

Blackline Safety was advised by CIBC Capital Markets, Canaccord Genuity, Burnet Duckworth & Palmer and Torys. Francisco Partners was advised by RBC Capital Markets, Kirkland & Ellis and Stikeman Elliott. The DAK Group was advised by BDT & MSD Partners and Osler Hoskin & Harcourt. LFG was advised by BDT & MSD Partners and Blake Cassels & Graydon (Blakes) (led by Michael Gans), according to press releases and MergerLinks Data.

ACON Investments completes the acquisition of a majority stake in YumEarth.

ACON Investments, a private equity firm, completed the acquisition of a majority stake in YumEarth, an organic and allergy-friendly confectionery brand, according to press releases. Financial terms were not disclosed.

YumEarth was advised by TM Capital and Jones Day (led by Lisa S. Lathrop and Erin Firman). ACON Investments was advised by Deloitte, Santander, Blank Rome, Garrigues, Hogan Lovells and Winston Taylor. Debt financing was provided by Truist Securities, according to press releases and MergerLinks data.

Aquarion Water Authority completes the acquisition of Aquarion Water Company from Eversource Energy for $2.4bn.

Aquarion Water Authority, a quasi-public corporation and political subdivision of the State of Connecticut, completed the acquisition of Aquarion Water Company, the public water supply company, from Eversource Energy, an energy provider, for $2.4bn, according to press releases.

Aquarion Water Authority was advised by Barclays (led by Jay Hawthorn and Aaron Powers) and Cravath Swaine & Moore (led by Aaron M. Gruber and Edward O. Minturn). Eversource Energy was advised by Citigroup, Morgan Stanley and Ropes & Gray (led by Thomas Fraser and Marko Zatylny), according to press releases and MergerLinks data.

Schneider Electric to acquire Cognite from Saudi Aramco, Aker, Accel and TCV for $3.1bn.

Schneider Electric, an energy management and automation company, agreed to acquire Cognite, a provider of industrial data and AI software, from Saudi Aramco, a petroleum and natural gas company, Aker, an industrial investment company, Accel, an early and growth-stage venture capital firm, and TCV, a growth equity and venture capital firm, for $3.1bn, according to press releases.

Schneider Electric is advised by Debevoise & Plimpton (led by Dominic Blaxill and Spencer K. Gilber), Primatice (led by Olivier Labesse and Hugues Schmitt) and Centerview Partners. Cognite is advised by Wilson Sonsini Goodrich & Rosati. TCV is advised by Weil Gotshal and Manges (led by Kyle C. Krpata), according to press releases and MergerLinks data.

Kroger to acquire Giant Eagle for $1.65bn.

Kroger, supermarkets and convenience stores chain, agreed to acquire Giant Eagle, a family-owned food and pharmacy retailer, for $1.65bn, according to press releases.

Giant Eagle is advised by Wells Fargo Securities, Troutman Pepper Locke
and WilmerHale. Kroger is advised by RBC Capital Markets and Jones Day (led by Ashley Gullett and Dan Michaels), according to press releases and MergerLinks data.

Tessenderlo Group to acquire a 20% stake in FMC for $400m.

Tessenderlo Group, a Belgian-based industrial group, agreed to acquire a 20% stake in FMC, an agricultural sciences company, for $400m, according to press releases.

FMC is advised by Bank of America, Goldman Sachs and Davis Polk & Wardwell (led by William H. Aaronson and Cheryl Chan). Tessenderlo is advised by Stibbe and Sullivan & Cromwell, according to press releases and MergerLinks data.

Prosperity Bancshares completes the acquisition of Stellar Bank for $2bn.

Prosperity Bancshares, a regional financial holding company, completed the acquisition of Stellar Bank, a provider of banking, savings, online banking, loans, and treasury services, for $2bn, according to press releases.

Stellar Bank was advised by Stifel, Keefe Bruyette & Woods and Norton Rose Fulbright. Prosperity Bancshares was advised by Wachtell Lipton Rosen & Katz (led by Edward D. Herlihy and Matthew T. Carpenter), according to press releases and MergerLinks Data.

I Squared Capital completes the acquisition of natural gas storage assets in Wyoming and Oklahoma of Spire for $650m.

I Squared Capital, a private equity firm, completed the acquisition of the natural gas storage assets in Wyoming and Oklahoma of Spire, a natural gas utility company that provides natural gas services to residential, commercial, and industrial customers, for $650m, according to press releases.

I Squared Capital was advised by Kirkland & Ellis. Spire was advised by Greenhill & Co and Vinson & Elkins (led by Caroline Kuehn and Christopher Rowley), according to press releases and MergerLinks data.

SDC Capital-backed SummitIG completes the acquisition of Dark Fiber and Infrastructure from Blue Owl Capital.

SDC Capital-backed SummitIG, a dark fiber infrastructure provider, completed the acquisition of Dark Fiber and Infrastructure, a provider of conduit, dark fiber and related connectivity infrastructure, from Blue Owl Capital, an alternative asset manager, according to press releases. Financial terms were not disclosed.

Dark Fiber and Infrastructure was advised by Bank Street Group and Akin Gump Strauss Hauer & Feld. SummitIG was advised by Skadden Arps Slate Meagher & Flom (led by Thomas Greenberg), according to press releases and MergerLinks data.

KKR to acquire the power solutions in the US and Canada from EDF for $4.2bn.

KKR, an investment firm, agreed to acquire the power solutions in the US and Canada from EDF, a French energy company, for $4.2bn, according to press releases.

EDF is advised by Nomura Greentech, according to press releases.

Talos Energy and Ridgewood Energy to acquire Na Kika platform from Shell Offshore for $1.7bn.

Talos Energy, an independent oil and gas company, and Ridgewood Energy, a private equity firm, agreed to acquire a 50% stake in Na Kika platform from Shell Offshore, a deepwater oil and gas exploration and production company, for $1.7bn, according to press releases.

Talos Energy is advised by Greenhill & Co, according to press releases.

CMA CGM nears $1.4bn deal for FedEx logistics unit. (FT)

CMA CGM is in advanced discussions to acquire FedEx Supply Chain, the US logistics group's third-party logistics business, in a deal valued at about $1.4bn. The transaction could be announced as soon as July 1.

The acquisition would expand CMA CGM’s logistics and air freight operations, while allowing FedEx to sharpen its focus on its core air and ground delivery network following the recent spin-off of FedEx Freight.

Activist Jana Partners has new stake in Everpure. (Reuters)

Activist investor Jana Partners has built a new stake in technology company Everpure and is expected to disclose the position in an upcoming regulatory filing. The hedge fund accumulated the investment during the first quarter after receiving confidential treatment from US regulators.

Jana held more than 1m shares in Everpure at the end of the quarter, though its current ownership is unclear. The AI-focused data management company has a market value of about $23bn, benefiting from rising demand for AI infrastructure.

Vimeo parent Bending Spoons, backers raise $1.68bn in IPO. (Bloomberg)

Bending Spoons and some of its shareholders raised $1.68bn in a US initial public offering after pricing shares above the marketed range.

The Milan-based software company and existing investors sold 57.97m shares at $29 each, above the $26–$28 range. Bending Spoons offered 34.4m shares, while existing shareholders sold 23.57m shares.

iHerb is said to select banks for $500m IPO this year. (Bloomberg)

iHerb, an online retailer specializing in vitamins and supplements, has selected banks for its planned initial public offering. The company is aiming to raise about $500m through the listing.

JP Morgan, Morgan Stanley, and Citigroup have been appointed to lead the offering. Preparations are ongoing, and details of the IPO remain subject to change.

Oaktree Capital-backed ITG raises $312.2m in US IPO. (Bloomberg)

Digital infrastructure services firm ITG raised $312.2m in its US initial public offering after pricing shares below the marketed range.

The company sold 19.5m shares at $16 each, below the indicated range of $19 to $22, reflecting more cautious investor demand.

Uber-backed bike firm Lime, investors raise $174m in IPO. (Bloomberg)

Lime and some of its shareholders raised $174m in a US initial public offering priced at the midpoint of the marketed range.

The Uber-backed electric scooter and bike rental company priced 6.96m shares at $25 each, after marketing them at $24–$26. The company sold 6.68m shares, while existing shareholders, including CEO Wayne Ting, President Joseph Kraus, and co-founder Brad Bao, sold the remainder.

BDC veteran Tannenbaum plans comeback to industry near ‘Crisis’. (Bloomberg)

Len Tannenbaum is seeking to launch a new fund to capitalize on dislocations in the $1.8tn private credit market. The credit investor is targeting a first close in early October 2026 and has begun approaching family offices for commitments.

Tannenbaum’s family has pledged up to $50m to the vehicle, which he will manage alongside his son, Adam Tannenbaum, as fundraising efforts continue.

Behrman Capital closes $250m continuation vehicle for Shur-Co. (Press Release)

Behrman Capital has closed Behrman Capital CV II, a $250m single-asset continuation vehicle to support the sale of portfolio company Shur-Co and finance its next phase of growth. The vehicle is backed by Coller Capital, Northleaf Capital Partners, Siguler Guff, and existing Behrman investors.

Alongside the transaction, Behrman Capital VII completed a significant investment in Shur-Co. The continuation vehicle will provide additional capital for acquisitions and expansion into new markets, following five add-on acquisitions since Behrman acquired the company in 2021.

EMEA

FTV Capital to acquire a minority stake in Carbon Underwriting.

FTV Capital, a private equity firm, agreed to acquire a minority stake in Carbon Underwriting, an underwriting specialist, according to press releases. Financial terms were not disclosed.

Carbon Underwriting is advised by Howden, Jamieson and Haggie Partners. FTV Capital is advised by Acrisure Re Corporate Advisory, Houlihan Lokey, Browne Jacobson, Norton Rose Fulbright, Skadden Arps Slate Meagher & Flom and Prosek Partners, according to press releases.

Flowserve completes the acquisition of the valves division from Trillium Flow Technologies for $490m.

Flowserve, a provider of flow control products and services for the global infrastructure markets, completed the acquisition of the valves division from Trillium Flow Technologies, a designer, manufacturer and aftermarket services provider of pumps and valves, for $490m, according to press releases.

Flowserve was advised by Goldman Sachs, Baker McKenzie (led by John Quattrocchi) and Joele Frank (led by Mahmoud Siddig). Trillium Flow Technologies was advised by JP Morgan, Freshfields, Morgan Lewis & Bockius (led by Sameer Mohan) and Joele Frank (led by Erik Carlson and Madeline Jones), according to press releases and MergerLinks Data.

Adenia completes the acquisition of a majority stake in Minet Group from Capitalworks.

Adenia, a private equity firm, completed the acquisition of a majority stake in Minet Group, a pan-African advisor specialising in risk and human capital solutions, from Capitalworks, a private equity firm, according to press releases. Financial terms were not disclosed.

Adenia was advised by EY Parthenon, DLA Piper and Gregory FCA (led by Stephen Fishleigh). Capitalworks was advised by PricewaterhouseCoopers, Rothschild & Co, Bowmans and Webber Wentzel.

Ariston Group completes the acquisition of Riello from Carrier Global for $430m.

Ariston Group, a provider of sustainable climate and water heating solutions, completed the acquisition of Riello, a company that specializes in the production of heating and air conditioning products, from Carrier Global, an American multinational heating, ventilation, and air conditioning company, for $430m, according to press releases.

Ariston Group was advised by Mediobanca (led by Giuseppe Baldelli), BonelliErede (led by Claudio Tesauro) and PedersoliGattai (led by Giovanni Giuliani and Andrea Francesco Castelli). Carrier Global was advised by Bank of America (led by Eamon Brabazon), Linklaters and FGS Global (led by John Gray), according to press releases and MergerLinks data.

Valmet completes the acquisition of Severn from Bluewater for $480m.

Valmet, a global developer and supplier of technologies, automation and services for the pulp, paper and energy industries, completed the acquisition of Severn, an engineering company, from Bluewater, a private equity firm, for $480m, according to press releases.

Severn was advised by White & Case (led by Richard Jones). Valmet was advised by Jones Day (led by Christian Krebs and Liam Bonamy). Debt financing was provided by Danske Bank and OP Corporate Bank. Bluewater was advised by Robert W Baird (led by Vinay Ghai, Nick Sealy and Joe Packee), according to press releases and MergerLinks data.

Caidya to merge with Simbec-Orion.

Caidya, a clinical research company, agreed to merge with Simbec-Orion, a full-service boutique clinical research organization, according to press releases. Financial terms were not disclosed.

Caidya is advised by Edgemont Partners and Sidley Austin. Simbec-Orion is advised by Stifel and Eversheds Sutherland, according to press releases.

ING close to buying 40% stake in Spain's Singular. (Reuters)

ING Spain is close to acquiring a 40% stake in Singular Bank as part of its strategy to enter Spain’s private banking market. The transaction remains subject to final terms and has not yet been completed.

The deal would see Warburg Pincus exit its investment in Singular, while ING would become the largest shareholder in a consortium that also includes the bank’s management, a Mexican lender, and several family offices. Singular manages around €18bn ($20.5bn) in assets.

Private equity group EQT eyes stake in UK firm CuspAI. (Sky News)

EQT is in discussions to acquire a stake in UK artificial intelligence start-up CuspAI as part of a $400m funding round that would value the company at about $2.6bn. The Cambridge-based firm develops generative AI technology to design new materials and recently secured backing from Amazon founder Jeff Bezos.

The financing is expected to be completed in the coming weeks. Discussions are also ongoing over whether the EU’s €5bn ($5.7bn) Scaleup Europe Fund, managed by EQT, will participate in the fundraising.

Rai Way, EI Towers shareholders fail to reach an agreement over TV tower tie-up. (Reuters)

Shareholders of Italian broadcasting tower operators Rai Way and EI Towers have failed to reach an agreement on the terms of a proposed merger, missing a June 30 deadline for negotiations. The planned combination was intended to create a national broadcasting tower champion.

The parties concluded that discussions had not produced a common basis to continue negotiations, bringing the proposed tie-up to a halt.

UK court saves former WH Smith stores from brink of insolvency. (Bloomberg)

TG Jones Retail Holdings has secured court approval for a major financial restructuring that will close more than 100 stores and reduce rents as the retailer seeks to avoid insolvency.

The plan includes a £15m ($19.9m) capital injection from private equity firm Modella Capital, which acquired the business from WH Smith just in 2025.

Abu Dhabi's MGX raises $49bn for one of the biggest ever Al funds. (Bloomberg)

MGX has raised $49bn for one of the world’s largest artificial intelligence-focused investment funds, exceeding its $45bn target and strengthening its position as a major global AI investor.

The Abu Dhabi-based firm attracted commitments from institutional and private investors across the Middle East, North America, Asia, and Europe.

APAC

SiTime completes the acquisition of the timing business of Renesas Electronics for $2.9bn.

SiTime, the precision timing company, completed the acquisition of the timing business of Renesas Electronics, a supplier of advanced semiconductors, for $2.9bn, according to press releases.

SiTime was advised by Qatalyst Partners, Cooley, Green Flash Media (led by Donna St. Jean Conti), Joele Frank (led by Barrett Golden and Eric Brielmann) and Shelton Group (led by Leanne K. Sievers and Brett L. Perry). The debt financing was provided by Wells Fargo Securities. Renesas Electronics was advised by JP Morgan, Borden Ladner Gervais (BLG) (led by Stefan Timms) and Sidley Austin (led by Jonathan Olsen), according to press releases and Mergerlinks data.

Alcoa to acquire bauxite, alumina and aluminum assets from South32 for $4.1bn.

Alcoa, a Pittsburgh-based industrial corporation, agreed to acquire bauxite, alumina and aluminum assets from South32, a mining and metals company, for $4.1bn, according to press releases.

South32 is advised by UBS. Alcoa is advised by Goldman Sachs, Ashurst, Cleary Gottlieb Steen & Hamilton, Davis Polk & Wardwell (led by James P. Dougherty) and Brunswick Group, according to press releases and MergerLinks data.

Coles in talks to buy pet shop and vet business Greencross. (Bloomberg)

Coles Group is in discussions to acquire pet retailer and veterinary services provider Greencross Pet Wellness in a deal that could value the business at up to AUD4bn ($2.8bn).

The supermarket chain is conducting due diligence on the potential acquisition. Discussions remain ongoing, and there is no certainty that a transaction will proceed.

Perpetual rejects $1.7bn takeover bid from PE firm EQT. (Bloomberg)

Perpetual has rejected a takeover proposal from Windflower, a company indirectly controlled by Swedish private equity firm EQT, concluding that the offer did not reflect fair value for shareholders.

The proposal valued the Australian fund manager at around AUD2.5bn ($1.7bn), or AUD21.64 ($14.92) per share, nearly 20% above its closing price before a trading halt.

KKR, SK launch $1.3b Korea renewables platform to meet AI power demand. (DealStreetAsia)

KKR is set to take control of a $1.3bn renewable energy platform in South Korea alongside SK Group, as rising electricity demand from AI data centers drives investment in clean power infrastructure. The platform will focus on developing solar and wind assets to support the country's growing AI computing capacity.

The partnership combines KKR’s capital with SK’s local expertise to supply renewable energy for AI infrastructure and data centers. The transaction reflects growing investor interest in energy assets positioned to benefit from the rapid expansion of artificial intelligence workloads.

Affinity Equity Partners exits Vietnam's HDBank six years after investment. (DealStreetAsia)

Affinity Equity Partners has exited its six-year investment in Vietnam’s HDBank by selling its minority stake to the lender’s controlling shareholder, marking another private equity exit through a family-backed buyback in Southeast Asia.

The transaction was completed earlier in 2026. Financial terms and the structure of the deal were not disclosed.

China Resources New Energy, Asia's biggest IPO this year, to debut July 2. (Reuters)

China Resources New Energy will begin trading in Shenzhen on July 2 following an initial public offering that could raise up to CNY24.5bn ($3.6bn), making it the largest IPO in the exchange’s history and Asia’s biggest listing so far in 2026.

The renewable energy producer drew strong investor demand, with the retail tranche 683 times subscribed after a clawback. Proceeds from the offering will fund wind and solar projects, with CICC and CITIC Securities acting as joint sponsors and lead underwriters.

Vietnam retailer Dien May Xanh raises over $505m in IPO. (Bloomberg)

Dien May Xanh Investment, the electronics retail unit of Mobile World Investment, raised more than VND13.3tn ($505m) in its initial public offering despite demand falling short of the total shares on offer.

The company sold 166.4m shares, representing 93% of the offering, at VND80,000 ($3.03) apiece. Institutional investors accounted for about 90% of total subscriptions.

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