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AMERICAS
Boyd, a non-franchised collision repair facility operator, completed the acquisition of JHCC, a collision repair and automotive painting service provider, from TSG, an investment company, for $1.3bn, according to press releases.
JHCC was advised by Bank of America, Harris Williams & Co (led by Michael Meyer), Fasken (led by David Johnson, Neil Kravitz, and Monica Dingle), Ropes & Gray, and Prosek Partners. Boyd was advised by RBC Capital Markets, Axinn Veltrop & Harkrider (led by Jeny Maier), and Massumi + Consoli (led by Dov Kogen and Michael Young). Debt financing was provided by National Bank Financial, RBC Capital Markets, and TD Securities. TSG was advised by Ropes & Gray (led by Reed Harasimowicz and Sandy Boer), and Prosek Partners, according to press releases and MergerLinks data.
GTCR, a private equity firm, completed the acquisition of Dentalcorp, a Canadian dental services provider, from L Catterton, a private equity firm, for CAD3.3bn ($2.4bn), according to press releases.
GTCR was advised by Moelis & Co, Goodmans (led by Michael Partridge), Latham & Watkins (led by Bradley Faris) and Prosek Partners (led by Josh Clarkson). Dentalcorp was advised by Canaccord Genuity, INFOR Financial, Blake Cassels & Graydon, McCarthy Tetrault (led by Rob Hansen), Weil Gotshal and Manges (led by Jakub Wronski) and FGS Global (led by Holly Winter). L Catterton was advised by Kirkland & Ellis and Stikeman Elliott, according to press releases and MergerLinks data.
MCME Carell, a special-purpose acquisition vehicle affiliated with Elliott Investment Management and Morning Calm Management, completed the acquisition of City Office REIT, a real estate company, in a $1.1bn deal, according to press releases.
Talen Energy, an energy and power generation and marketing company, agreed to acquire Waterford energy center, Darby generating station and Lawrenceburg power plant of Energy Capital Partners, a private equity and credit investor, for $3.45bn, according to press releases.
Talen Energy is advised by RBC Capital Markets, Kirkland & Ellis (led by William J.Benitez) and White & Case (led by Andrew Weisberg). Energy Capital Partners is advised by Jefferies & Company, PEI Global Partners, Milbank and FGS Global (led by Akash Lodh) , according to press releases and MergerLinks data.
Neuberger Berman, an investment firm, completed the acquisition of a minority stake in Ryan, a technology-driven tax services firm, according to press releases. Financial terms were not disclosed.
Neuberger Berman was advised by Goldman Sachs, RBC Capital Markets and Latham & Watkins. Ryan was advised by Bank of America, JP Morgan and Kirkland & Ellis, according to press releases.
TPG, an alternative asset management firm, completed the acquisition of a majority stake in Trustwell, a provider of SaaS-based regulatory, compliance, and traceability solutions for the food industry, from The Riverside Company, a global investment firm, according to press releases. Financial terms were not disclosed.
Trustwell was advised by William Blair & Co and Jones Day. TPG was advised by Evercore, Paul Weiss Rifkind Wharton & Garrison (led by Annie Herdman) and Ropes & Gray (led by Jason Freedman), according to MergerLinks data and press releases.
Haveli Investments, an Austin-based technology focused investment firm, completed the acquisition of a majority stake in Sirion, an AI-native contract management platform, according to press releases. Financial terms are not disclosed.
Sirion was advised by William Blair and Paul Weiss Rifkind Wharton & Garrison (led by Rohan Dey). Haveli Investments was advised by Moelis & Company, Latham & Watkins and Reevemark , according to press releases.
Five Arrows, the alternative assets arm of Rothschild & Co, agreed to acquire a majority stake in Blue Mountain, a provider of enterprise asset management software to the US life sciences manufacturing industry, from Accel-KKR, a software & technology capital partner, according to press releases. Financial terms were not disclosed.
Blue Mountain is advised by Moelis & Co and DLA Piper. Five Arrows is advised by Harris Williams & Co and Paul Weiss Rifkind Wharton & Garrison (led by Austin Pollet). Debt financing is provided by Northleaf Capital Partners, according to press releases.
Butterfly Equity, a private equity firm, completed the acquisition of ePac, a global technology-driven custom flexible packaging company, from
, a provider of packaging solutions, and Indevco North America, a provider of protective packaging solutions, according to press releases. Financial terms were not disclosed.
Butterfly Equity was advised by William Blair & Co, Kirkland & Ellis (led by Ravi Agarwal) and Prosek Partners. ePac was advised by Robert W Baird and Greenberg Traurig , according to press releases and MergerLinks data.
Pacific Avenue Capital Partners, a private equity firm, agreed to acquire US power chain hoist and chain manufacturing operations of Columbus McKinnon Corporation, a designer, manufacturer and marketer of intelligent motion solutions for material handling, for $210m, according to press releases.
Pacific Avenue is advised by O'Melveny & Myers. Columbus McKinnon is advised by Guggenheim Partners, DLA Piper, Hogan Lovells and Skadden Arps Slate Meagher & Flom (led by Kenneth Schwartz), according to press releases and MergerLinks data.
Princeton Equity, a private equity firm that specializes in partnering with companies in the consumer, healthcare, and business services industries, completed an investment in Amped Fitness, a fitness center chain operating under a high-value, low-price model, according to press releases. Financial terms were not disclosed.
Princeton Equity was advised by Harris Williams & Co, MOK Capital Advisors and Latham & Watkins. Amped Fitness was advised by Morrison Cohen, according to press releases.
One Rock, a private equity firm, completed the acquisition of a majority stake in American Furniture Rentals, a furniture rental company, according to press releases. Financial terms were not disclosed.
One Rock was advised by Latham & Watkins and Profile Advisors (led by Mike Geller). American Furniture Rentals was advised by Houlihan Lokey and Klehr Harrison Harvey Branzburg, according to press releases.
Platinum Equity, a global investment firm, completed an investment in Norton Packaging, a provider of plastic pails and packaging solutions, according to press releases. Financial terms were not disclosed.
Norton Packaging was advised by Perella Weinberg Partners and Donahue Fitzgerald. Platinum Equity was advised by Stifel and Gibson, Dunn & Crutcher, according to press releases.
Quantum Capital-backed Vickery Energy Partners, an oil and gas exploration company, completed the acquisition of the Appalachia gas assets from Tribune Resources, an energy company, according to press releases. Financial terms were not disclosed.
Vickery Energy was advised by Vinson & Elkins and Joele Frank (led by Kate Thompson). Tribune Resources was advised by Houlihan Lokey and Kirkland & Ellis, according to MergerLinks data and press releases.
Gryphon Investors, a middle-market private investment firm, completed the acquisition of Safety Management Group, a provider of outsourced safety services, from NMS Capital, a private investment firm, according to press releases. Financial terms were not disclosed.
Safety Management Group was advised by Stifel and Greenberg Traurig. Gryphon Investors was advised by Houlihan Lokey and Kirkland & Ellis, according to press releases.
Tailwind Capital, a private equity firm, completed the investment in Valor Fleet Services, a reliable tow and recovery provider, according to press releases. Financial terms were not disclosed.
Tailwind Capital was advised by Davis Polk & Wardwell and FGS Global. Valor Fleet Services was advised by Piper Sandler and Stevens & Lee, according to press releases.
SL Green, a Manhattan’s largest office landlord, completed the acquisition of Park Avenue Tower in New York from Blackstone, an alternative asset manager, for $730m, according to press releases.
SL Green was advised by JP Morgan and BerlinRosen. Blackstone was advised by Eastdil Secured (led by William Silverman) and Simpson Thacher & Bartlett (led by Scott Kobak), according to press releases and MergerLinks data.
CI GAM, a Canadian asset management subsidiary of CI Financial Corp, agreed to acquire Canadian Investment Fund Assets of Invesco, an investment management company, for CAD26bn ($14bn), according to press releases.
CI GAM is advised by Jefferies & Company and Stikeman Elliott. Invesco is advised by Morgan Stanley and Borden Ladner Gervais, according to press releases.
Silver Hill Energy Partners, a Dallas-based private energy company, completed the acquisition of oil and gas properties in South Texas of 1776 Energy, a Houston-based private oil and gas operator, according to press releases. Financial terms were not disclosed.
1776 Energy was advised by Evercore, and Haynes and Boone. Silver Hill Energy Partners was advised by Willkie Farr & Gallagher, according to press releases.
Warburg Pincus, a private equity firm, completed the investment in myKaarma, a provider of end-to-end service lane solutions for automotive dealerships, according to press releases. Financial terms were not disclosed.
myKaarma was advised by Houlihan Lokey and TD Securities. Warburg Pincus was advised by RBC Capital Markets, according to press releases and MergerLinks data.
Pamlico Capital, a private equity firm focused on high-growth technology and services businesses, completed the investment in CalcFocus, a provider of cloud-native policy administration and illustration solutions, according to press releases. Financial terms were not disclosed.
CalcFocus was advised by Morgan Partners and Fox Rothschild. Pamlico Capita was advised by Alston & Bird, according to press releases.
TA Associates, a private equity firm, completed a majority investment in OneSource Virtual, a provider of HR and payments services for the Workday ecosystem, according to press releases. Financial terms were not disclosed.
OneSource Virtual was advised by Weil Gotshal and Manges. TA Associates was advised by Goodwin Procter, according to MergerLinks data and press releases.
Parsons, a technology solutions provider, completed the acquisition of Altamira Technologies, a data analytics and engineering company, from ClearSky, a venture capital and growth equity group, for $375m, according to press releases.
Parsons was advised by Barclays. Altamira Technologies was advised by Robert W Baird, according to press releases.
Arcline-backed DwyerOmega, a manufacturer of precision measurement and control solutions, completed the acquisition of Burns Engineering, a provider of temperature measurement, according to press releases. Financial terms were not disclosed.
DwyerOmega was advised by Joele Frank (led by Jonathan Keehner), according to MergerLinks data and press releases.
Broadview Group, a St. Louis–based private investment firm, completed an investment in Citadel EHS, a provider of environmental, health, safety, and sustainability (EHS&S) services, according to press releases. Financial terms were not disclosed.
Citadel was advised by Citizens Capital Markets & Advisory, according to press releases.
Argos-backed Lavatio, a laundry services group active in the DACH region, completed the acquisition of Witteler & Burkhardt, a provider of laundry services. Financial terms were not disclosed.
Lavatio was advised by POELLATH (led by Nico Fischer), according to MergerLinks data.
Kester Capital, an UK private equity investor, completed the investment in Nutritics, a food data management software platform. Financial terms were not disclosed.
Kester Capital was advised by DC Advisory (led by Justin Pursell), according to MergerLinks data.
Frazier Life Sciences, a healthcare investment firm, led a $200m Series A round in AirNexis Therapeutics, a clinical stage biotech company developing therapeutics for pulmonary diseases, with participation from OrbiMed, SR One, Life Sciences at Goldman Sachs Alternatives, Longitude Capital and Enavate Sciences, according to press releases.
AirNexis Therapeutics was advised by Inizio Evoke, according to press releases.
Atlantic Vantage Point, led a $130m Series C round in Deepgram, with participation from Alkeon, In-Q-Tel, Madrona, Tiger, Wing, Y Combinator, BlackRock, Alumni Ventures, Princeville Capital, Twilio, ServiceNow Ventures, SAP, Citi Ventures, University of Michigan, and Columbia University, according to press releases.
Deepgram was advised by Gorman Communications (led by Nicole Gorman), according to press releases.
Merlin Ventures, a cybersecurity fund, led a $140m Series D round in Torq, the established Agentic AI security operations pioneer, with participation from Evolution Equity Partners, Notable Capital, Bessemer Venture Partners, Insight Ventures Partners, and Greenfield Partners, according to press releases.
Torq was advised by Highwire PR, according to press releases.
Investment companies Skylake Equity Partners and Crescendo Equity Partners led a $140m funding round in MEDIPOST, a biotechnology company developing allogeneic, umbilical cord blood-derived stem cell therapies, according to press releases.
MEDIPOST was advised by Longview Strategies (led by Sam Choinski), according to press releases.
SoftBank, a Japanese multinational holding company, led a $1.4bn funding round in Skild AI, a company focused on bringing AI into the physical world, with participation from NVentures, Macquarie Capital, Bezos Expeditions, Disruptive and 1789 Capital, according to press releases.
Lightspeed Venture Partners, an investment firm, led a $250m Series F round in Orca Bio, a late-stage biotechnology company committed to transforming the lives of patients through high-precision cell therapy, according to press releases.
Battery Ventures, a global venture capital and private equity firm, and Sapphire Ventures, a venture capital firm, led a $200m Series D round in Onebrief, an operating system for modern command, with participation from Salesforce Ventures, General Catalyst and Insight Partners, according to press releases.
Drive Capital, a venture capital firm, led a $150m Series D round in Alpaca, a developer-first API for stock, with participation from Citadel Securities, Opera Tech Ventures, MUFG Innovation Partners, Flat Capital, DRW Venture Capital, Kraken, Altered Capital, Endeavor Catalyst. Portage, Horizons Ventures, Social Leverage, Unbound, Diagram, and Derayah Financial, according to press releases.
Prosperity7 Ventures, the diversified venturing fund of Aramco Ventures, completed an investment in Horizon3.ai, a cybersecurity company offering an AI-driven, autonomous penetration testing platform to improve enterprise cloud security, according to press releases. Financial terms were not disclosed.
Advent is said to choose banks for a US IPO of gas‑motor maker Innio. ( Bloomberg)
Advent has lined up banks to steer a planned US IPO of Innio, a Austrian power‑equipment maker seeing a lift from surging data‑center demand.
The buyout firm has tapped Goldman Sachs, JP Morgan and Morgan Stanley as global coordinators. Innio is targeting a share sale as early as this year.
Goldman Sachs, Morgan Stanley, RBC chosen to work on the First Student IPO. ( Bloomberg)
EQT‑backed First Student has tapped banks to prepare an IPO for the student transportation provider.
The Cincinnati company is partnering with Goldman Sachs, Morgan Stanley, and Royal Bank of Canada on the planned debut.
EMEA
AEQUITA, a privately owned industrial group, agreed to acquire the European petrochemicals business from SABIC, a Saudi chemical manufacturing company, for $500m, according to press releases.
AEQUITA is advised by Noerr (led by Christoph Thiermann and Jan Philipp Meier). SABIC is advised by KPMG, Goldman Sachs, JP Morgan, Lazard and A&O Shearman. Goldman Sachs is advised by Sullivan & Cromwell (led by Carsten Berrar), according to MergerLinks data and press releases.
A Brightwood Capital-led investor consortium completed the acquisition of a majority stake in Museum of Illusions Group, a chain of museums, from Invera Capital, a private equity fund manager, according to press releases. Financial terms were not disclosed.
Museum of Illusions was advised by Allison+Partners. Brightwood Capital was advised by Aviara Partners, BNP Paribas and Winston & Strawn. Invera Capital was advised by Houlihan Lokey and A&O Shearman, according to MergerLinks data and press releases.
Porterbrook, a rolling stock financier and asset management company, agreed to acquire Corelink, a company procure and lease rolling stock for the West Midlands passenger rail franchise, from Infracapital and DWS, two infrastructure investors, according to press releases. Financial terms were not disclosed.
Porterbrook is advised by Credit Agricole, Freeths and Deloitte. Infracapital is advised by DC Advisory (led by Neale Marvin), Eversheds Sutherland and Teneo, according to MergerLinks data and press releases.
MUTARES, a private equity investor, agreed to acquire the Americas and Europe regional engineering thermoplastics business from SABIC, a Saudi chemical manufacturing company, for $450m, according to press releases.
SABIC is advised by KPMG, Goldman Sachs, JP Morgan, Lazard and A&O Shearman, according to MergerLinks data and press releases.
Avista Healthcare and Damier Group-backed PK Consumer Health, a consumer healthcare platform, agreed to acquire Puhdistamo, a manufacturer of dietary supplements, according to press releases. Financial terms are not disclosed.
Puhdistamo is advised by Castren & Snellman. Avista Healthcare is advised by Kekst CNC (led by Daniel Yunger). PK Consumer Health is advised by Svalner Atlas and Ropes & Gray, according to press releases.
PSG and Rivean-backed Corilus, a provider of cloud-based innovative software solutions for healthcare providers, completed the acquisition of Sofia Développement, a provider of vertical software solutions and services for independent healthcare professionals, according to press releases. Financial terms were not disclosed.
Corilus was advised by Rothschild & Co, according to press releases and MergerLinks data.
Private equity firms circle Volkswagen’s €6bn Everllence unit. ( Bloomberg)
Volkswagen is seeking buyers for a majority stake in its heavy diesel engine unit Everllence, drawing interest from private equity firms.
Potential bidders include EQT (partnering with GIC), CVC, Advent, Bain, KPS, and Clayton Dubilier & Rice. Japanese trading firm Mitsui may also join the race.
Oxford Biomedica says it’s in talks over cash offer from EQT. ( Bloomberg)
Oxford Biomedica confirmed it is in early talks with EQT over a potential cash offer. The UK-based cell and gene therapy firm stated that discussions follow unsolicited proposals from EQT that its board previously rejected.
No details on valuation or timing have been disclosed, and negotiations remain preliminary.
Warburg mulls $1bn sale of London insurance broker McGill. ( Bloomberg)
Warburg Pincus is exploring a potential sale of UK insurance broker McGill and Partners, as the private equity firm reviews exit options for the London-based business.
The transaction could value McGill at more than $1bn, with Warburg holding early discussions with potential advisers.
APAC
Pfizer Ventures, the venture capital arm of Pfizer, and Apricot Capital, a venture capital firm, led a $61m funding round in Vibrant Therapeutics, a clinical-stage biotechnology company, with participation from Bayland Capital, HSG, Northern Light Venture Capital, and First Principles Capital, according to press releases.
Vibrant Therapeutics was advised by Greig Communications, according to press releases.
China’s Startorus Fusion raises over $143m in Series A funding. ( Deal Street Asia)
Startorus Fusion, a Chinese startup focused on commercial nuclear fusion power, has raised CNY1bn ($143.3m) in a Series A funding round as it aims for commercial fusion output in the early 2030s.
The round was jointly led by CICC Capital and government-owned investment firms Shanghai STVC Group, Shanghai Future-Oriented Industries Fund, and Shanghai Jiading Technology Investment Group.
CK Hutchison seeks $30bn valuation for retail unit's Q2 IPO. ( Reuters)
CK Hutchison plans a Q2 dual Hong Kong-London IPO for AS Watson, targeting a $30bn valuation and raising about $2bn. Temasek aims to sell its 25% stake, with Goldman Sachs and UBS advising. The move follows CK Hutchison’s $22.8bn ports sale as part of its value-unlock strategy.
AS Watson runs 17k stores in 31 markets and posted $24bn revenue in 2024. It plans 1k new stores and expansion in the Middle East and Southeast Asia. H1 2025 retail revenue rose 41% to $12.7bn.
Bengaluru-based venture capital firm Dharana Capital has raised $250m for its second growth fund. The investor base includes US university endowments, health systems, and other non-profit institutions.
The fund will focus on backing next-generation, category-defining technology and consumer businesses in India.
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