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AMERICAS

Summit Midstream completes the acquisition of Moonrise Midstream from Fundare Resources Company for $90m.

Summit Midstream, a growth-oriented limited partnership focused on owning and operating midstream energy infrastructure, completed the acquisition of Moonrise Midstream, a large-scale gas gathering and processing system, from Fundare Resources Company, an exploration and production company, for $90m, according to press releases.

Summit Midstream was advised by Troutman Pepper. Fundare Resources was advised by Evercore and Baker Botts, according to press releases.

ServiceNow to acquire Moveworks for $2.85bn.

ServiceNow, the AI platform for business transformation, agreed to acquire Moveworks, an American artificial intelligence company, for $2.85bn, according to press releases.

ServiceNow is advised by JP Morgan and Tidal Partners and Skadden Arps Slate Meagher & Flom (led by Thomas J. Ivey), according to press releases and MergerLinks data.

Forcepoint to acquire Getvisibility.

Forcepoint, a global data security company, agreed to acquire Getvisibility, a developer of a data visibility platform, according to press releases. Financial terms were not disclosed.

Forcepoint is advised by O’Flynn Exhams and Paul Hastings, according to press releases.

PAR Excellence completes the merger with TrackCore.

PAR Excellence, a provider of supply chain integrity and cost management solutions to the healthcare industry, completed the merger with TrackCore, an automated biological tissue and implantable device tracking company, according to press releases. Financial terms were not disclosed.

PAR Excellence was advised by Stanton PRM, according to press releases.

nVent Electric to acquire electrical products group business from Avail Infrastructure Solutions for $975m.

nVent Electric, a provider of electrical connection and protection solutions, agreed to acquire electrical products group business from Avail Infrastructure Solutions, a provider of application-critical equipment, highly engineered technologies, and specialized services, for $975m, according to press releases.

Knife River completes the acquisition of Strata for $454m.

Knife River, a construction materials and contracting services provider, completed the acquisition of Strata, a construction materials and contracting services provider, for $454m, according to press releases.

Sumitomo Mitsui Finance and Leasing to acquire Macquarie Rotorcraft from Macquarie.

Sumitomo Mitsui Finance and Leasing, a leasing services company, agreed to acquire Macquarie Rotorcraft, a helicopter leasing arm of Macquire, a global financial services organisation, according to press releases. Financial terms were not disclosed.

Trump says US in talks with four groups over TikTok sale. (Reuters)

Donald Trump stated that the US is in discussions with four different groups regarding the sale of Chinese-owned social media platform TikTok, emphasizing that all options remain viable.

TikTok’s future has been uncertain since a law requiring its owner, ByteDance, to either sell the platform on national security grounds or face a ban. After assuming office, Trump signed an executive order delaying the law’s enforcement by 75 days.

Pamlico Capital closes $1.75bn fund, exceeding target. (Press Release)

Pamlico Capital has closed Pamlico Capital VI at its hard cap of $1.75bn, surpassing the initial $1.5bn target due to strong demand from both existing and new investors.

Pamlico focuses on equity investments ranging from $50m to $200m in growth-stage companies. The firm targets growth equity and buyout opportunities across communications, healthcare IT, information services, software, and tech-enabled services in North America. Since 2002, Pamlico has invested over $4bn across 80 companies.

EMEA

BWGI to acquire Verallia for €6.1bn.

Brasil Warrant Gestão de Investimentos, an independent asset management company, offered to acquire Verallia, a glass container manufacturing company, for €6.1bn ($6.6bn).

Verallia is advised by Brunswick Group (led by Benoit Grange).

Mitsui O.S.K. to acquire LBC Tank Terminals from Ardian for $1.715bn.

Mitsui O.S.K., a Japanese transport company headquartered in Toranomon, Minato, Tokyo, agreed to acquire LBC Tank Terminals, one of the world’s largest independent tank terminal operators, from Ardian, a private equity firm, for $1.715bn.

Mitsui O.S.K. is advised by Nomura.

Keppel to acquire Global Marine Group from J.F. Lehman & Company.

Keppel, an asset manager and operator focusing on green investment in real estate, infrastructure, connectivity, and alternative assets, agreed to acquire Global Marine Group, one of the world’s largest independent subsea cable solutions providers, from J.F. Lehman & Company, a private equity firm. Financial terms were not disclosed.

Keppel is advised by UBS.

Safra Group to acquire a 70% stake in Saxo Bank for €1.1bn.

Safra Group, a Brazilian conglomerate comprising an international network of companies, agreed to acquire a 70% stake in Saxo Bank, a Danish investment bank, for €1.1bn ($1.2bn).

Kantar owners plan £5bn sale of Worldpanel data division. (SkyNews)

The owners of Kantar Group are exploring a £5bn ($6.4bn) sale of its division that tracks supermarket performance in Britain.

The potential sale, still awaiting formal approval from Bain Capital and WPP Group, would reposition Kantar as a pureplay brand strategy consultancy.

UK's Assura shares rise on $2.08bn bid from KKR, Stonepeak. (Reuters)

Assura announced that it would consider a £1.61bn ($2.1bn) takeover offer from US private equity firms KKR and Stonepeak Partners, sending shares of the British healthcare real estate investment trust up 14%.

Assura’s shares rose to about £0.46 ($0.6), still below their 2020 peak of £0.88 ($1.14) and under the latest offer of £0.49 ($0.63) per share. The company stated that its board has decided to engage in discussions with the consortium and allow a limited period of confirmatory due diligence.

Ferretti targets acquisition in 2025. (Reuters)

Italian yacht maker Ferretti plans to pursue an acquisition this year but has not specified whether the target will be a brand, a shipyard or another asset.

The company is evaluating multiple opportunities and sees 2025 as a year for expansion. Ferretti, which owns seven brands including Riva speedboats, ended December with a net cash position of €125m ($135m), which could be used for M&A.

JBS and Almarai among bidders for top Mideast poultry firm. (Bloomberg)

Brazilian meat giant JBS and Saudi-based Almarai are competing to acquire Alwatania, the largest poultry producer in the Middle East.

Both companies have submitted separate non-binding offers for a full buyout of Alwatania. Saudi firm Tanmiah Food and a consortium led by Ukrainian agri-tech company MHP have also placed bids.

Abu Dhabi’s Multiply Group explores sale of cooling unit. (Bloomberg)

Multiply Group is considering selling its district cooling division to capitalize on the construction boom in the United Arab Emirates.

The investment firm is working with Standard Chartered on the sale of PAL Cooling Holding, with owners seeking $1bn for the unit.

Online brokerage Derayah surges in strong Saudi IPO debut. (Bloomberg)

Saudi Arabia’s Derayah Financial soared in its trading debut following a SAR1.5bn ($400m) initial public offering, reflecting continued investor demand for Riyadh listings.

Shares in the online brokerage climbed 30% to SAR39 ($10.4), reaching the maximum first-day increase allowed on the Saudi exchange.

KPMG to merge partnerships in global restructuring. (Financial Times)

KPMG is pushing for dozens of mergers among its national partnerships as part of a major overhaul aimed at driving growth and strengthening audit practices.

The initiative seeks to integrate businesses that are independently owned by partners in each country, marking one of the most significant restructurings of a Big Four firm in recent years. The move comes amid slowing growth and increasing uncertainty in the industry.

London to miss out on €20bn Verisure IPO. (SkyNews)

Verisure’s owners are favoring Euronext Amsterdam for a €20bn ($21.7bn) flotation, dealing another setback to London’s efforts to attract major IPOs.

Amsterdam has emerged as the leading listing venue following preliminary discussions with investment banks positioning to work on the deal.

APAC

Makino Milling Machine receives new takeover offers. (Reuters)

Japan's Makino Milling Machine received legally binding third-party acquisition proposals, competing with an unsolicited buyout offer from Nidec. The proposals include bids from MBK Partners and Nippon Sangyo Suishin Kiko Group. Makino has also requested that Nidec delay the launch of its tender offer bid until May 9 or later.

Nidec is advised by Mita Securities and Monex Group, according to press releases and MergerLinks data.

Arthur J. Gallagher & Co completes the acquisition of Philinsure.

Arthur J. Gallagher & Co, an American global insurance brokerage and risk management services firm, completed the acquisition of Philinsure, a commercial insurance and reinsurance broker serving clients across the Philippines from its headquarters in Cebu City, according to press releases. Financial terms were not disclosed.

Sonar completes the acquisition of AutoCodeRover from National University of Singapore.

Sonar, a code quality and code security solutions provider, completed the acquisition of AutoCodeRover, an autonomous AI agent platform for software development, from National University of Singapore, according to press releases. Financial terms were not disclosed.

Japan Post prices $4bn bank unit stake sale at high end. (Bloomberg)

Japan Post Holdings has sold JPY592bn ($4bn) worth of Japan Post Bank shares, marking the largest stock sale in Japan since 2023 and continuing its decade-long privatization efforts.

The company sold 410m shares at JPY1,444 each, including an over-allotment option, representing a 2% discount from the previous closing price. Japan Post had initially planned to price the shares at a 2% to 4% discount, according to the deal’s term sheet.

Star considers $157m capital offer from Bally’s. (Press Release)

Star Entertainment Group is reviewing a last-minute recapitalization proposal from Bally’s, which could result in the US casino group gaining control of the company.

The offer includes at least AUD250m ($157m) in fresh capital. As part of the proposal, Star would issue convertible notes that could represent at least 50.1% of the company.

Chinese pork producer Muyuan considers Hong Kong listing. (Bloomberg)

Muyuan Foods, one of the world’s largest pig breeders and pork producers, is exploring a secondary listing in Hong Kong that could raise at least $1bn.

The company is in the process of selecting banks to prepare for a potential share sale, which could take place later this year.

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