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AMERICAS

H.I.G. Capital to acquire Converge Technology Solutions for $909m.

H.I.G. Capital, a global alternative investment firm, agreed to acquire Converge Technology Solutions, a services-led, software-enabled, IT & cloud solutions provider, for $909m, according to press releases.

Converge is advised by Canaccord Genuity, Houlihan Lokey, Origin Merchant Partners and Goodmans. H.I.G. Capital is advised by Stikeman Elliott and Weil Gotshal and Manges, according to press releases.

Laboratorios Sanfer completes the acquisition of Vitalis from ACON Investments.

Laboratorios Sanfer, a pharmaceutical company, completed the acquisition of Vitalis, a manufacturer and wholesaler of injectable products used in hospitals, medical institutions and pharmacies, from ACON Investments, a private equity firm, according to press releases. Financial terms were not disclosed.

ACON Investments was advised by Grant Thornton, BTG Pactual, Brigard & Urrutia, Carey Abogados, Galicia Abogados and McCarthy Tetrault, according to press releases.

An investor consortium completes the acquisition of the Southeastern Grocers business from ALDI.

An investor consortium, including Southeastern Grocers and C&S Wholesale Grocers, completed the acquisition of the Southeastern Grocers business, including the Winn-Dixie and Harveys Supermarket banners, from ALDI, a discount supermarket chain, according to press releases. Financial terms were not disclosed.

Southeastern Grocers was advised by RBC Capital Markets, Foley & Lardner and Sullivan & Cromwell, according to press releases.

Solina completes the acquisition of Sokol from Burlington Capital Partners.

Solina, a global partner for the food industry, foodservice, QSR, and nutrition sectors, completed the acquisition of Sokol, a formulator and manufacturer of wet-fill, liquid food ingredient products, from Burlington Capital Partners, a private equity firm, according to press releases. Financial terms were not disclosed.

Sokol was advised by Cascadia Capital, Fredrikson & Byron and Koley Jessen, according to press releases.

Meiji Yasuda to acquire the US term life business from Legal & General for $2.3bn.

Meiji Yasuda, a Japanese life insurance company, agreed to acquire the US term life business from Legal & General, a UK financial services provider, for $2.3bn, according to press releases.

Meiji Yasuda is advised by Mitsubishi UFJ Morgan Stanley Securities. Legal & General is advised by JP Morgan, according to MergerLinks data.

The Blackstone Group to acquire AI Fire from TruArc Partners for $1.1bn.

The Blackstone Group, a global investment company, agreed to acquire a majority stake in AI Fire, a commercial fire and life safety services provider, from TruArc Partners, a private equity firm, for $1.1bn.

TruArc Partners is advised by Piper Sandler and Weil Gotshal and Manges (led by Emily Willey), according to press releases and MergerLinks data.

Prairie Operating to acquire the DJ Basin assets from Bayswater for $603m.

Prairie Operating, an energy-focused company, agreed to acquire the DJ Basin assets from Bayswater, an oil and natural gas development company, for $603m, according to press releases.

Bayswater is advised by Davis Graham & Stubbs and Pac/West Strategies (led by Mark Truax), according to press releases.

eBay completes the acquisition of Caramel.

eBay, a global commerce company, completed the acquisition of Caramel, an end-to-end online automotive transaction solution provider, according to press releases. Financial terms were not disclosed.

SSI looking to raise new funding at a $20bn valuation. (Reuters)

Safe Superintelligence, the artificial intelligence startup co-founded by former OpenAI Chief Scientist Ilya Sutskever, is reportedly in talks to raise new capital at a valuation of at least $20bn. The company is engaging both new and existing investors.

SSI previously secured $1bn in funding last September from backers including Sequoia, DST Global, Andreessen Horowitz, SV Angel, and NFDG, at a $5bn valuation.

Veritas Capital in talks to take Dun & Bradstreet private in $5.4bn deal. (Bloomberg)

Veritas Capital is in discussions to acquire Dun & Bradstreet, a data and analytics provider, in a potential take-private transaction. The private equity firm is engaging with banks to secure financing for the deal.

The Jacksonville, Florida-based company is currently valued at approximately $5.4bn. If completed, the acquisition would mark a significant move in the financial data sector, strengthening Veritas Capital’s portfolio.

Historically, Veritas Capital has worked with Goldman Sachs and Gibson Dunn & Crutcher, according to MergerLinks data.

Conduent explores sale following acquisition interest. (Reuters)

Conduent, a business process outsourcing firm spun out of Xerox, is exploring a potential sale after attracting acquisition interest. The Florham Park, New Jersey-based company has engaged a financial adviser to facilitate discussions with potential buyers, including private equity firms.

While talks are still in early stages, the move signals growing interest in Conduent’s operations, which span customer experience management, transaction processing, and digital automation services.

Historically, Conduent has worked with Houlihan Lokey and Holland & Knight, according to MergerLinks data.

Titan America announces IPO pricing. (Press Release)

Titan America, the US subsidiary of Titan Cement International, has priced its initial public offering at $16 per share. The offering includes 9m new shares issued by Titan America and 15m existing shares sold by its parent company.

Additionally, underwriters have a 30-day option to purchase up to 3.6m shares to cover over-allotments.

White & Case adds four new Partners in New York. (Press Release)

Global law firm White & Case expanded its Global Mergers & Acquisitions M&A Practice with the addition of four new partners in New York. The group is led by Richard Brand, a recognized market leader in advising clients on complex strategic matters, governance and shareholder engagement as well as public and private M&A, and includes partners Kiran Kadekar, Erica Hogan and Jaye Kasper.

"Richard and his team join our market-leading M&A, public company advisory and activism practices based across the US, Europe and Asia," Heather McDevitt, White & Case Chair.

EMEA

BPER Banca to acquire Banca Popolare di Sondrio for €4.3bn.

BPER Banca, an Italian banking group, offered to acquire Banca Popolare di Sondrio, an Italian bank based in Sondrio, Lombardy, for €4.3bn ($4.5bn), according to press releases.

BPER is advised by Barclays, according to MergerLinks data.

Duravant to acquire Pattyn.

Duravant, a global engineered equipment and automation solutions provider, agreed to acquire Pattyn, a designer and manufacturer of automation systems specializing in B2B packaging, according to press releases. Financial terms were not disclosed.

Accenture to acquire Staufen.

Accenture, a global professional services company, agreed to acquire Staufen, a management consulting firm, according to press releases. Financial terms were not disclosed.

PAI Partners explores €1.5bn sale of Euro Ethnic Foods. (Bloomberg)

Private equity firm PAI Partners is considering a potential sale of French grocery retailer Euro Ethnic Foods, which operates the grocery section of Grand Frais stores. The European private equity firm is working with advisers to assess investor interest in the business.

A sale could value EEF at around €1.5bn ($1.6bn), reflecting the company’s strong position in the specialty grocery market.

Historically, PAI Partners has worked with Ernst & Young, Rothschild & Co, Willkie Farr & Gallagher and Linklaters, according to MergerLinks data.

Gerresheimer explores sale to private equity firms. (Press Release)

Gerresheimer, the German manufacturer of pharmaceutical and cosmetics packaging, is considering a potential sale following interest from private equity firms. The Düsseldorf-based company is working with advisers to assess potential buyers, with Warburg Pincus, EQT, and KKR among those reportedly evaluating the business.

Shares of Gerresheimer surged as much as 15% in German trading on February 7, marking their biggest intraday gain in nearly a year.

Pernod Ricard looking to sell Mumm champagne. (Reuters)

Pernod Ricard is exploring the sale of its champagne brand GH Mumm as part of a strategic shift toward premium labels. The French spirits giant, known for Absolut Vodka and Jameson Irish Whiskey, engaged Rothschild & Co to advise on the potential divestiture.

The move could attract interest from other spirits and beverage companies looking to expand their luxury offerings. While discussions are ongoing, no final decision has been made regarding the sale.

Historically, Pernod Ricard has worked with Ernst & Young and Nomura, according to MergerLinks data.

IVC Evidensia considers UK IPO. (Financial Times)

IVC Evidensia, Europe’s largest veterinary group, is exploring an initial public offering in the UK, potentially marking one of London’s biggest listings in recent years. The company, backed by private equity firms EQT and Silver Lake, as well as Nestlé, was last valued at €12.3bn ($12.75bn) in 2021 and has expanded through acquisitions of veterinary clinics.

The veterinary sector has seen rapid consolidation, driven by increased pet care spending. IVC is evaluating multiple options, including a London Stock Exchange listing or an IPO in another market as soon as next year.

HBX Group sets IPO share price. (Press Release)

HBX Group, the Spanish travel technology company and owner of Hotelbeds, has set an indicative share price of €11.50 ($11.93) for its upcoming initial public offering. The company aims to raise €725m ($751m), making it Europe’s largest listing so far this year.

The IPO marks a significant step for HBX Group as it seeks to capitalize on the post-pandemic recovery in global travel. The offering is expected to attract strong investor interest in the travel technology sector.

APAC

Bain Capital to acquire Mitsubishi Tanabe Pharma from Mitsubishi Chemical for $3.3bn.

Bain Capital, a private investment firm, agreed to acquire Mitsubishi Tanabe Pharma, a pharmaceuticals company, from Mitsubishi Chemical, a chemical products manufacturer, for $3.3bn, according to press releases.

Bain Capital is advised by Bank of America, Mitsubishi UFJ Morgan Stanley Securities, Mori Hamada & Matsumoto, Morrison & Foerster, Ropes & Gray (led by Tsuyoshi Imai), Stanton PRM (led by Charlyn Lusk) and TrailRunner (led by Trudy Wang), according to press releases and MergerLinks data.

SG to acquire Morrison Express.

SG, a Japanese logistics company, agreed to acquire Morrison Express, a global freight forwarding and logistics service provider. Financial terms were not disclosed.

SG is advised by Mitsubishi UFJ Morgan Stanley Securities, according to MergerLinks data.

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