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Top Highlights
Amphenol, a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, completed the acquisition of mobile networks businesses from CommScope, a network infrastructure provider, for $2.1bn, according to the press releases.
Amphenol was advised by Goldman Sachs, Cyril Amarchand Mangaldas (led by Anchal Dhir) and Latham & Watkins (led by Andrew C. Elken and Charles Ruck). CommScope was advised by Moelis & Co and Alston & Bird (led by Scott Kummer and Mark Kelly). Moelis & Co was advised by Ropes & Gray, according to MergerLinks data and press releases.
Court Square Capital Partners, a middle-market private equity firm, and WindRose Health Investors, a healthcare private equity firm, completed the investment in Soleo Health, a provider of specialty pharmacy and infusion services, according to the press releases. Financial terms were not disclosed.
Soleo Health was advised by Houlihan Lokey and Polsinelli PC. Court Square Capital Partners was advised by Cantor Fitzgerald, Dechert and Edelman (led by Max Rayden). WindRose Health Investors was advised by Latham & Watkins and Lambert & Co (led by Caroline Luz), according to MergerLinks data and press releases.
Private equity firms Warburg Pincus and Berkshire Partners agreed to acquire Triumph Group, an American supplier of aerospace services, structures, systems and support, for $3bn, according to press releases.
Triumph Group is advised by Goldman Sachs and Skadden Arps Slate Meagher & Flom. Warburg Pincus and Berkshire Partners are advised by Lazard, Covington & Burling and Kirkland & Ellis (led by Marshall P. Shaffer and Jai Agrawal), according to press releases.
Deal Round up
AMERICAS
Brazil's Moreira Salles family takes time on bid for French bottler Verallia. ( Press Release).
Becton Dickinson weighs $30bn separation of life sciences unit. ( Bloomberg)
EMEA
Sanofi announces buy back of shares from L’Oréal. ( Press release)
Safra Sarasin is said to explore deal for Denmark’s Saxo Bank. ( Bloomberg)
PIF-backed Umm Al Qura to launch IPO on Saudi Exchange. ( IPO Prospectus)
APAC
KKR, Gaw look to sell Tokyo Hyatt Regency for over $640m. ( Bloomberg)
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AMERICAS
Greenhall Capital Partners, an operationally-focused control private equity firm, completed the acquisition of Johnson Communications, a digital infrastructure wireless service provider, according to the press releases. Financial terms were not disclosed.
Johnson Communications was advised by Killen & Dennis. Greenhall Capital Partners was advised by Founder M&A, McGuireWoods and Prosek Partners (led by Mike Geller). Debt financing was provided by Lafayette Square and Fvcrum Partners. Debt providers were advised by Greenberg Traurig, according to MergerLinks data and press releases.
FTMO, a global provider of educational and training services, agreed to acquire OANDA, a global digital platform for active traders, from CVC Capital, a private equity firm, according to the press releases. Financial terms were not disclosed.
FTMO is advised by JP Morgan and Latham & Watkins. CVC Capital is advised by Nomura, Santander and Milbank, according to press releases.
Teledyne, a provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems, completed the acquisition of select aerospace and defense electronics businesses from Excelitas, a provider of customized optoelectronics and advanced electronic systems to a global customer base of OEMs, for $710m, according to press releases.
Teledyne was advised by Eversheds Sutherland (led by Robin Johnson) and McGuireWoods. Excelitas was advised by Evercore, Harris Williams & Co and Fried Frank Harris Shriver & Jacobson, according to press releases and MergerLinks data.
Behrman Capital-backed The Thermal Group, a designer and manufacturer of mission-critical and highly engineered components for the defense, aerospace and industrial sectors, completed the acquisition of ACT Aerospace, a manufacturer of advanced composite structures for the aerospace and defense industry, according to the press releases. Financial terms were not disclosed.
The Thermal Group was advised by Houlihan Lokey, Latham & Watkins and Kekst CNC (led by Ross Lovern), according to press releases.
Ceragon, a provider of end-to-end wireless connectivity, completed the acquisition of End 2 End Technologies, a systems integration and software development company, according to the press releases. Financial terms were not disclosed.
Ceragon Networks was advised by ROTH Capital Partners, Mintz Levin and FNK IR (led by Rob Fink), according to MergerLinks data and press releases.
Knowlton Development, a personal care and household products provider, completed the acquisition of EMEA operations business from Maesa, a disruptor in beauty and personal care segment, according to the press releases. Financial terms were not disclosed.
Brazil's Moreira Salles family takes time on bid for French bottler Verallia. ( Press Release)
Brazil's Moreira Salles family has confirmed its interest in acquiring French glass packaging maker Verallia but will wait until the company reports full-year results on February 19 before deciding on a bid.
The announcement sent Verallia's shares down as much as 10%, reversing most of the gains made on January 31 amid takeover speculation.
Becton Dickinson weighs $30bn separation of life sciences unit. ( Bloomberg)
Becton Dickinson, an American multinational medical technology company, is exploring a potential separation of its life sciences division, which could be valued at approximately $30bn.
The medical device maker has engaged advisers to evaluate strategic options as it looks to enhance shareholder value and boost its stock price.
EMEA
Nova, an innovator and key provider of material, optical and chemical metrology solutions company, completed the acquisition of Sentronics Metrology, a global provider of wafer metrology tools for backend semiconductor fabrication, for $60m, according to the press releases.
Sentronics Metrology was advised by CMS (led by Hendrik Hirsch). Nova was advised by ms-ir (led by Miri Segal), according to MergerLinks data and press releases.
Arthur J. Gallagher, a global insurance brokerage, risk management and consulting services firm, completed the acquisition of W K Webster, a marine and transit claims management, according to the press releases. Financial terms were not disclosed.
Sanofi announces buy back of shares from L’Oréal. ( Press release)
Sanofi, a French multinational pharmaceutical and healthcare company headquartered in Paris, announced the acquisition of 2.3% of its shares from long-standing shareholder L’Oréal.
This transaction is part of Sanofi’s share buyback program announced on January 30, 2025. It is fully aligned with Sanofi’s capital allocation policy and focus on sustainable value creation for shareholders.
Sanofi is advised by Citigroup, according to MergerLinks data.
Safra Sarasin is said to explore deal for Denmark’s Saxo Bank. ( Bloomberg)
Bank J. Safra Sarasin is exploring a potential acquisition of Denmark’s Saxo Bank and has been in discussions regarding a possible deal.
Some bidders have exited the process after failing to reach an agreement, while talks between the Swiss bank and Saxo Bank are ongoing. The discussions remain private, and no final decision has been made.
PIF-backed Umm Al Qura to launch IPO on Saudi Exchange. ( IPO Prospectus)
Umm Al Qura for Development and Construction, the developer behind the Masar Destination project in Makkah, announced plans for an initial public offering on the Saudi Exchange's Main Market. The Capital Market Authority approved the offering of approximately 130.8m new shares, representing 9.09% of the company’s post-capital increase.
The IPO proceeds will be used to fund land settlements, infrastructure development, and the activation of the Masar Destination, alongside project financing and general corporate expenditures. The listing aligns with Saudi Arabia’s broader efforts to enhance urban development in key religious and economic hubs.
Permira, the global investment firm, announced that it has appointed Chris Buchanan as Partner and Global Head of Capital Formation and Nader Salman as Managing Director, Head of Middle East in its Capital Formation team.
The firm intends to open an office in Dubai in 2025, which will enable Permira to enhance its coverage and footprint in the Middle East, working closely with existing local and regional investors and developing new strategic partnerships.
APAC
SIKA, a Swiss multinational specialty chemical company, completed the acquisition of Elmich, a supplier of innovative, sustainable green roof solutions, according to the press releases. Financial terms were not disclosed.
Great Eastern, a financial service provider, terminated the deal to acquire AmMetLife Insurance and AmMetLife Takaful, two insurance companies from MetLife International, an insurance company, and AMAB Holdings, AMMB subsidiary, for MYR1.12bn ($270m), according to press releases.
SV Health Investors, Sanofi Ventures, Abingworth, and SymBiosis led a $112m Series C round in AdvanCell, a clinical-stage radiopharmaceutical company, with participation from Morningside, Tenmile and Brandon Capital, according to press releases.
KKR, Gaw look to sell Tokyo Hyatt Regency for over $640m. ( Bloomberg)
KKR & Co. and Gaw Capital Partners are in discussions to sell the Hyatt Regency Tokyo to Japan Hotel REIT Investment for over JPY100bn ($640m).
The two investment firms acquired the hotel in Shinjuku for an estimated JPY60bn ($386m) less than two years ago. The potential sale highlights strong demand for Japanese hotels, driven by a tourism boom, a weak yen, and low borrowing costs.
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