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AMERICAS

Vance Street Capital-backed Jet Parts Engineering completes the acquisition of Cima Aviation.

Vance Street Capital-backed Jet Parts Engineering, a company specializing in PMA parts and MRO services for aircraft, completed the acquisition of Cima Aviation, an aircraft maintenance company, according to press releases. Financial terms were not disclosed.

Jet Parts Engineering was advised by Vedder Price. Cima Aviation was advised by XLCS Partners and Zumpano Castro, according to press releases.

American Plus Bank completes the acquisition of Long Beach branch from United Fidelity Bank.

American Plus Bank, a community bank, completed the acquisition of Long Beach branch from United Fidelity Bank, a bank, according to press releases. Financial terms were not disclosed.

American Plus Bank was advised by MJC Partners. United Fidelity Bank was advised by Piper Sandler and Amundsen Davis (led by John Tanselle), according to press releases and MergerLinks data.

I Squared, MPLX, and Enbridge to acquire a majority stake in Matterhorn Express Pipeline.

I Squared, an infrastructure investment firm, MPLX, a midstream company, and Enbridge, a pipeline operator, agreed to acquire a majority stake in Matterhorn Express Pipeline, a gas pipeline, according to press releases. Financial terms were not disclosed.

I Squared is advised by Kirkland & Ellis (led by Kyle M. Watson). WhiteWater is advised by Simpson Thacher & Bartlett (led by Shamus Crosby), according to press releases and MergerLinks data.

TrueAccord to acquire Sentry Credit.

TrueAccord, a digital-first debt collection agency, agreed to acquire Sentry Credit, a debt collection agency, according to press releases. Financial terms were not disclosed.

TrueAccord is advised by Corporate Advisory Solutions and Troutman Pepper, according to press releases and MergerLinks data.

IonQ to acquire Lightsynq Technologies.

IonQ, a company specializing in quantum computing and networking, agreed to acquire Lightsynq Technologies, a startup developing quantum interconnect technology solutions, according to press releases. Financial terms were not disclosed.

Lightsynq Technologies is advised by Goodwin Procter. IonQ is advised by Wilson Sonsini Goodrich & Rosati, according to press releases.

Mercer Advisors to acquire Tufton Capital Management.

Mercer Advisors, a national Registered Investment Adviser, agreed to acquire Tufton Capital Management, a financial planning and advisory firm, according to press releases. Financial terms were not disclosed.

Tufton Capital Management is advised by InCap Group. Mercer Advisors is advised by StreetCred PR, according to press releases and MergerLinks data.

ServiceNow to acquire data.world.

ServiceNow, a cloud-based platform that integrates AI and machine learning to automate and optimize business processes, agreed to acquire data.world, a cloud-native data catalog platform, according to press releases. Financial terms were not disclosed.

data.world is advised by Citigroup, according to press releases and MergerLinks data.

Madison Industries completes the acquisition of Research Products Corporation.

Madison Industries, a financial services company, completed the acquisition of Research Products Corporation, a provider of innovative indoor air solutions for both residential and commercial environments, according to press releases. Financial terms were not disclosed.

Madison Industries was advised by Robert W Baird, according to press releases and MergerLinks data.

MSA Safety completes the acquisition of M&C TechGroup for $200m.

MSA Safety, a subsidiary of global safety equipment manufacturer, completed the acquisition of M&C TechGroup, a provider of gas analysis systems for industrial applications, for $200m, according to press releases.

Accenture completes the acquisition of Ascendient Learning from Alpine Investors.

Accenture, a company specializing in technology and professional services, completed the acquisition of Ascendient Learning, a provider of digital and instructor-led IT training, from Alpine Investors, a private equity firm, according to press releases. Financial terms were not disclosed.

Trivest Partners-backed Province completes the acquisition of O’Keefe.

Trivest Partners-backed Province, a company specializing in financial and strategic advisory services, completed the acquisition of O’Keefe, a financial and strategic advisory firm, according to press releases. Financial terms were not disclosed.

Autobooks completes the acquisition of Allied Payment Network.

Autobooks, a company specializing in receivables and accounting solutions integrated within digital banking, completed the acquisition of Allied Payment Network, a software company, according to press releases. Financial terms were not disclosed.

Recurly completes the acquisition of Prive and Redfast.

Recurly, a software development company, completed the acquisition of Prive, a Shopify-first ecommerce subscription platform, and Redfast, a subscriber engagement personalization tool, according to press releases. Financial terms were not disclosed.

Microsoft wins appeal in FTC challenge to $69bn Activision Blizzard deal. (Reuters)

A US federal appeals court has rejected the Federal Trade Commission’s legal challenge to Microsoft’s $69bn acquisition of Activision Blizzard, the maker of "Call of Duty."

On May 7, the 9th US Circuit Court of Appeals in San Francisco upheld a lower court ruling that denied the FTC’s request for a preliminary injunction to block the deal, which was completed in 2023.

Apollo's Aspen Insurance raises $397.5m in US IPO. (Reuters)

Aspen Insurance raised $397.5m in its New York initial public offering on May 7, pricing shares within its marketed range.

The Bermuda-based specialty insurer, owned by Apollo Global Management, sold 13.25m shares at $30 each, within the targeted range of $29 to $31.

Blackstone, Vanguard, Wellington to launch private markets fund. (Bloomberg)

Blackstone, Vanguard Group and Wellington Management are launching a new fund that will invest across public equities, bonds, and private markets, aiming to broaden access to private-market strategies for retail investors.

The firms plan to structure the product as an interval fund, allowing investors to make quarterly withdrawals limited to between 5% and 25% of the fund’s net asset value.

EMEA

Vance Street Capital-backed Jet Parts Engineering completes the acquisition of Percival Aviation.

Vance Street Capital-backed Jet Parts Engineering, a company specializing in PMA parts and MRO services for aircraft, completed the acquisition of Percival Aviation, an aircraft supply store, according to press releases. Financial terms were not disclosed.

Jet Parts Engineering was advised by Vedder Price. Percival Aviation was advised by Quercus Corporate Finance and Blake Morgan, according to press releases.

Costamare completes the spin off of its dry bulk business.

Costamare, a global container shipping provider, completed the spin off of its dry bulk business into an independent and publicly-traded company called Costamare Bulkers, according to press releases.

Costamare was advised by Morgan Stanley and Cravath Swaine & Moore (led by D. Scott Bennett), according to press releases and MergerLinks data.

Coinbase to acquire Deribit for $2.9bn.

Coinbase, a crypto exchange and wallet platform, agreed to acquire Deribit, a cryptocurrency futures and options exchange, for $2.9bn, according to press releases.

Rheinmetall and ICEYE to form Rheinmetall ICEYE Space Solutions.

Rheinmetall, a company specializing in security and mobility solutions, and ICEYE, a SAR satellite manufacturer, agreed to form Rheinmetall ICEYE Space Solutions, a joint venture for satellite production. Financial terms were not disclosed.

Corsair closes $600m continuation and secondary fund to back European fintech portfolio.

Corsair Capital has completed a $600m continuation vehicle and secondary fund, representing its first multi-asset transaction of this nature.

The new fund will consolidate high-performing European financial services assets from several Corsair-managed funds, including ZEDRA, Redpin, and IDnow.

APAC

Accenture to acquire Yumemi.

Accenture, a company specializing in global professional and digital services, agreed to acquire Yumemi, a software company, according to press releases. Financial terms were not disclosed.

Nidec failed to acquire Makino Milling Machine for $1.6bn.

Nidec, a manufacturer and distributor of electric motors, failed to acquire Makino Milling Machine, a CNC machine tool manufacturer, for $1.6bn.

Japan's NTT plans to take NTT Data private for $16.4bn. (Reuters)

Nippon Telegraph and Telephone (NTT) announced on May 8 that it plans to take its subsidiary NTT Data private by acquiring the shares it does not already own in a deal valued at JPY2.37tn ($16.4bn).

NTT will launch a tender offer at JPY4,000 ($27.9) per share, representing a 34% premium over NTT Data’s closing price. Following a report by the Nikkei outlining the plan, NTT Data shares hit the daily-limit high of JPY3,492 ($24.4) on Thursday and remained untraded due to a flood of buy orders.

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