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AMERICAS
VSE, a provider of aftermarket distribution and repair services, agreed completed the acquisition of Precision Aviation Group, a provider of maintenance, repair and value-added supply chain services, from GenNx360 Capital Partners, a private equity firm, for $2.03bn, according to press releases.
VSE was advised by Citizens Bank, Perella Weinberg Partners (led by Stephen Henry) and Jones Day (led by Luis Velez and Lorne Cantor). Debt financing was provided by RBC Capital Markets. GenNx360 Capital Partners was advised by JP Morgan, Jefferies & Company and Winston & Strawn (led by Benjamin Popeck, Austin Leach and Justin Levy), according to press releases and MergerLinks data.
Lattice Semiconductor, a provider of low-power, small-form-factor programmable logic devices and software, agreed to acquire AMI, a provider of platform firmware and infrastructure manageability for cloud and AI, from THL Partners, a private equity firm, for $1.6bn, according to press releases.
AMI is advised by JP Morgan and Ropes & Gray. Lattice Semiconductor is advised by Morgan Stanley and Wilson Sonsini Goodrich & Rosati. Debt financing is provided by Morgan Stanley and Wells Fargo Securities, according to press releases.
KKR, a global investment firm, completed the acquisition of Arctos Partners, a premier institutional investor in professional sports franchise stakes, for $1.95bn, according to press releases.
Arctos Partners was advised by Bank of America and Kirkland & Ellis (led by Jonathan Benloulou and Michael Considine) and Prosek Partners. KKR was advised by Kirkland & Ellis (led by Frank Saviano) and Simpson Thacher & Bartlett, according to press releases and MegerLinks data.
Wynnchurch Capital-backed Archer Foodservice Partners, a provider of foodservice consumables and parent entity of companies Handgards, Inno-Pak, and Fineline Settings, completed the acquisition of the foodservice business of Sterno, a provider of portable food-warming and tabletop solutions, from Compass Diversified, an investment firm, for $280m, according to press releases.
Archer Foodservice was advised by Foley & Lardner. Sterno was advised by Jefferies & Company, Raymond James and Brownstein Hyatt Farber Schreck, according to press releases and Mergerlinks data.
Avenir Minerals, a critical minerals investment and development company, agreed to acquire Fox River Resources, a junior resource company focused on acquiring, exploring, and developing mineral properties, primarily the 100% owned Martison Phosphate Project, for CAD94.3m ($69.3m), according to press releases.
Fox River Resources is advised by CRM Global Capital, Mills Dunlop Capital Partners and WeirFoulds. Avenir Minerals is advised by Davies Ward Phillips & Vineberg, according to press releases.
Donaldson Company, a provider of filtration solutions, completed the acquisition of Facet filtration business of Filtration Group, a provider of filtration consumables that are designed to drive innovation and deliver solutions, for $820m, according to press releases.
Donaldson Company was advised by Baker McKenzie (led by Dieter Schmitz). Madison Industries was advised by Paul Hastings (led by Brian F. Richards), according to press releases and MergerLinks data.
Nordic Capital-backed Regnology, a provider of regulatory, risk, tax, finance reporting, completed the acquisition of Moody’s Regulatory Reporting & ALM Solutions business, a solution for Basel III compliance, IFRS9 impairment accounting, large bank asset‑liability management, Solvency II insurance reporting, and multijurisdictional regulatory reporting, according to press releases. Financial terms are not disclosed.
Peter Thiel, a German-American billionaire entrepreneur and venture capitalist, led a $140m Series B round in Panthalassa, a renewable energy and ocean technology company, with participation from John Doerr, TIME Ventures, SciFi Ventures, Susquehanna Sustainable Investments, Hanwha Asset Management, Anthony Pratt, Fortescue Ventures, Future Positive, WTI, Nimble Partners, Super Micro Computer, Sozo Ventures, Dylan Field, Planetary VC, Leblon Capital, Resilience Reserve, Portland Seed Fund, Founders Fund, Gigascale Capital, Lowercarbon Capital, Unless, and WovenEarth, according to press releases.
Panthalassa was advised by VSC Public Relations (led by Abigail Hanson), according to press releases.
Inn-Flow, an all-in-one back-office solution built specifically for hotels, completed the acquisition of Lilo, an advanced AI-powered procurement platform designed for hospitality, according to press releases. Financial terms were not disclosed.
Inn-Flow was advised by ProVision Partners, according to press releases.
A consortium of investors including Anthropic, Blackstone, Hellman & Friedman, Goldman Sachs, General Atlantic, Leonard Green, Apollo Global Management, GIC, and Sequoia Capital to form a AI services joint venture, according to press releases. Financial terms were not disclosed.
Goldman Sachs is advised by Simpson Thacher & Bartlett (led by Katherine Krause) , according to press releases and Mergerlinks data.
IREN, a vertically integrated AI Cloud provider, to acquire Mirantis, a provider of cloud infrastructure, for $625m, according to press releases.
Loomis, a global cash-handling company, agreed to acquire Hermes Transportes Blindados, a company that provides secure logistics, cash management, and document management services, from CVC Capital Partners, a private equity and investment advisory firm, for SEK4bn ($432m), according to press releases.
Biva sees serious investor interest in a potential sale. ( Bloomberg)
Mexico’s second-largest stock exchange Biva has attracted serious interest from potential bidders in an ongoing sale process.
The exchange is owned by Cencor, with a potential transaction under consideration as part of broader strategic options.
Spirit Airlines plans orderly wind-down to sell assets. ( Bloomberg)
Spirit Aviation Holdings is preparing to begin an orderly wind-down as it moves to sell assets following repeated financial distress.
The company has filed to cease operations and is seeking funding to support the disposal of aircraft and related assets.
Michael Burry exits GameStop stake after eBay bid plan. ( WSJ)
The move reflects concerns over the strategy and potential debt required for the transaction.
Apollo-owned Tenneco has selected Bank of America, Barclays, Citigroup and JP Morgan to lead its planned IPO.
The company is advancing a public listing as it prepares to return to markets following its acquisition by Apollo.
Apollo has closed its Hybrid Value Fund III with $6.5bn in commitments, backed by a global base of institutional investors.
The strategy focuses on structured equity and flexible capital solutions supporting growth, acquisitions and balance sheet optimization. Apollo was advised by Paul Weiss Rifkind Wharton & Garrison (led by Matthew Goldstein and Robert Tananbaum).
JP Morgan hires Morgan Stanley’s Boyle to lead PE secondaries. ( Bloomberg)
JP Morgan has hired Will Boyle from Morgan Stanley to lead its global secondary advisory business.
He will advise private equity firms and investors on secondary transactions and private market deals as the bank expands its capital advisory platform.
EMEA
Long Path Partners-backed Frankel UK completed the acquisition of Idox, a provider of engineering information management solutions, for £339.5m ($460m), according to press releases
Idox was advised by Peel Hunt, Rothschild & Co, Pinsent Masons and MHP Group (led by Reg Hoare). Long Path Partners was advised by Canaccord Genuity (led by Max Hartley), Kirkland & Ellis and Ropes & Gray, according to press releases and MergerLinks data.
MSA Safety, a global manufacturer and supplier of safety equipment, to acquire Autronica Fire and Security, a designer, manufacturer, and supplier of fire detection, gas detection, and alarm systems, from Sentinel-backed Spectrum Safety Solutions, a system distributor providing fire safety, building automation, and security solutions, for $555m, according to press releases.
MSA Safety is advised by Bank of America and Sidley Austin. Sentinel Capital Partners is advised by Citigroup, JP Morgan, Kirkland & Ellis and Broadgate Consultants, according to press releases.
Campbell, a food manufacturer, completed the acquisition of a 49% stake in La Regina, a producer and distributor of processed tomato products, for $286m, according to press releases.
La Regina was advised by Houlihan Lokey and Limatola Avvocati. Campbell’s was advised by Gianni & Origoni, Weil Gotshal and Manges and StreetCred PR (led by Casey Keshner), according to press releases and MergerLinks data.
Cambridge Financial Group, the mutual holding company of Cambridge Savings Bank, a full-service banking institution, to merge with First Seacoast Bancorp, the holding company of First Seacoast Bank, a community-focused, federally chartered savings bank, in a $80.9m deal, according to press releases.
First Seacoast Bancorp is advised by Keefe Bruyette & Woods and Luse Gorman. Cambridge Financial Group is advised by Piper Sandler, according to press releases.
Vodafone Group, a telecommunication services provider, agreed to acquire the remaining 49% stake in VodafoneThree, a mobile network operator from CK Hutchison, a multinational conglomerate, for £4.3bn ($5.8bn), according to press releases.
Vodafone Group is advised by Morgan Stanley, according to press releases.
Netradyne, a global provider in AI-powered fleet safety and performance solutions, completed the acquisition of Moove Connected Mobility, a European fleet intelligence and connected mobility company, according to press releases. Financial terms were not disclosed.
Netradyne was advised by Big Valley, according to press releases.
PZU, an insurance company, agrees to acquire MetLife Ukraine, a life insurance provider, according to press releases. Financial terms were not disclosed.
PZU is advised by Rothschild & Co, according to press releases and Mergerlinks data.
Expro, a global energy services company, agreed to acquire Enhanced Drilling, a provider of drilling solution technologies, for NOK2bn ($216m), according to press releases.
UniCredit opens €35bn Commerzbank bid to investors. ( Bloomberg)
UniCredit has submitted its takeover offer for Commerzbank to shareholders, launching the formal acceptance process.
The proposal implies a valuation of about €35bn ($41bn) as investors are given several weeks to decide on the deal.
Heidelberg weighs bid for South African cement firm PPC. ( Bloomberg)
Heidelberg Materials is considering a potential acquisition of PPC as it looks to expand its footprint in Africa.
The company is working with banks to appoint advisers and assess a possible full takeover of the cement producer.
Pernod Ricard and Brown-Forman merger talks collapse. ( Reuters)
Merger discussions between Pernod Ricard and Brown-Forman have collapsed, removing the prospect of a combined competitor.
The outcome gives Diageo temporary relief, though investors still expect improvements in performance.
Leo Pharma eyes $800m deal push as IPO plans advance. ( Bloomberg)
Leo Pharma is seeking acquisition targets with up to $800m allocated for dealmaking as it prepares for a potential IPO.
The company aims to expand its portfolio through M&A, supported by strong financial backing ahead of a listing.
APAC
Regis Resources, a gold producer and explorer, agreed to merge with Vault Minerals, a gold mining company, in a AUD10.7bn ($7.7bn) deal, according to press releases.
Vault Minerals is advised by RBC Capital Markets and Corrs Chambers Westgarth. Regis Resources is advised by Azure Capital, Goldman Sachs, King & Wood Mallesons and FTI Consulting (led by Shane Murphy), according to press releases.
AEP Plantations, a plantation operator focused on Southeast Asia, agreed to acquire a 98.3% stake in Pinago Utama, an Indonesia-listed agribusiness company, for $162m, according to press releases.
AEP Plantations is advised by Cavendish and Montfort Communications, according to press releases and Mergerlinks data.
Angeles Equity Partners-backed Promera, a data center services platform, completed the acquisition of Data Clean Asia, a technical data center services provider, according to press releases. Financial terms were not disclosed.
Promera was advised by WongPartnership, according to press releases.
New World weighs sale of $2bn Hong Kong hotel stake. ( Bloomberg)
New World Development is in talks to sell its 50% stake in a Hong Kong hotel portfolio valued at about $2bn.
The assets include major hotels in the city, with discussions ongoing and no deal finalized.
Yotta Data hires advisers for $900m India IPO. ( Bloomberg)
Yotta Data Services is exploring an IPO in Mumbai that could raise up to $900m as it advances listing plans.
The company has engaged ICICI Securities and SBI Capital Markets and may add more banks ahead of filing.
ASG Hospital plans $500m India IPO filing. ( Bloomberg)
General Atlantic-backed ASG Hospital is preparing to file for an IPO that could raise up to $500m as it advances its listing plans.
The offering is expected to include both fresh equity and shares sold by existing investors as part of the transaction.
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