Zydus to acquire an 85.6% stake in Amplitude Surgical from PAI Partners and Amplitude Surgical management for €257m.

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AMERICAS

Amcor and Berry Global received US antitrust clearance for combination. (Press Release)

Amcor and Berry Global Group announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the announced combination of the two companies. Expiration of the waiting period satisfies another closing condition necessary for completing the combination.

Berry Global is advised by Lazard (led by Richard Whitney), Wells Fargo Securities (led by Paul Wren), Skadden Arps Slate Meagher & Flom (led by C. Michael Chitwood) and Joele Frank (led by Michael Freitag, Adam Pollack and Joseph Sala). Financial advisors are advised by White & Case (led by Denise A. Cerasani). Amcor is advised by Goldman Sachs (led by Matthew McClure), UBS (led by Nick Brown and Robin Rankin), Herbert Smith Freehills (led by Kam Jamshidi), Kirkland & Ellis (led by Jonathan Davis, Carlo Zenkner, Andrew Norwich and Eric Schiele), Joele Frank (led by Ed Trissel and Tim Lynch) and Sodali & Co (led by James Strong), according to press releases and Mergerlinks data.

Euna Solutions completes the acquisition of AmpliFund.

Euna Solutions, a provider of SaaS solutions purpose-built for the public sector, completed the acquisition of AmpliFund, a grant management platform provider, according to press releases. Financial terms were not disclosed.

AmpliFund was advised by Lightning Partners and Thompson Hine. Euna Solutions was advised by Gibson Dunn & Crutcher and Gabriel Marketing (led by Michael Tebo), according to press releases.

Cuadrilla Capital-backed Chartbeat completes the acquisition of FatTail.

Cuadrilla Capital-backed Chartbeat, a media operations software platform, completed the acquisition of FatTail, an advertising revenue management software platform, according to press releases. Financial terms were not disclosed.

FatTail is advised by Atlas Technology Group and Sheppard Mullin Richter & Hampton. Chartbeat and Cuadrilla Capital are advised by Massumi + Consoli, according to press releases.

Bristol Myers Squibb to acquire 2seventy bio for $286m.

Bristol Myers Squibb, a biopharmaceutical company, agreed to acquire 2seventy bio, an immuno-oncology cell therapy company, for $286m, according to press releases.

2seventy bio is advised by Goldman Sachs and Goodwin Procter (led by Michael Bison and Robert Masella), according to press releases.

Cascadia Investments completes the merger with B. Riley Securities.

Cascadia Investments, a shell entity, completed the merger with B. Riley Securities, the investment banking subsidiary of B. Riley Financial, according to press releases. Financial terms were not disclosed.

B. Riley Securities was advised by O'Melveny & Myers. B. Riley Financial was advised by Sullivan & Cromwell, according to press releases.

Eaton to acquire Fibrebond for $1.4bn.

Eaton, an intelligent power management company, agreed to acquire Fibrebond, a designer and builder of pre-integrated modular power enclosures for data center, industrial, utility and communications customers, for $1.4bn, according to press releases.

WNS completes the acquisition of Kipi.ai.

WNS, a digital-led business transformation and services company, completed the acquisition of Kipi.ai, a data modernization and democratization services provider, according to press releases. Financial terms were not disclosed.

Beacon Roofing in talks with QXO for $11bn acquisition. (Bloomberg)

Beacon Roofing Supply is negotiating a sale to QXO in a deal valued at $11bn, including debt, after rejecting an earlier takeover offer.

The companies confirmed discussions on a deal where QXO would acquire Beacon for $124.35 per share, 10 cents higher than the previously rejected offer.

TXNM Energy explores sale after takeover interest. (Reuters)

TXNM Energy is considering a sale after receiving takeover interest from a potential buyer.

The energy holding company is working with an adviser to evaluate its options, though discussions remain in the early stages. TXNM, formerly PNM Resources, has a market capitalization of $4.44bn.

Hellman & Friedman targets $30bn valuation in fundraising for Hub International. (Bloomberg)

Hellman & Friedman is seeking to raise at least $1bn in equity for Hub International, in a deal that could value the insurance brokerage at $30bn.

The private equity firm is working with Morgan Stanley and Goldman Sachs on a liquid private placement and may secure more than $1bn from a range of investors, including long-only institutions and private equity limited partners.

CoreWeave secures $11.9bn AI contract with OpenAI ahead of IPO. (Reuters)

CoreWeave, an AI startup backed by Nvidia, has signed a five-year, $11.9bn contract with OpenAI ahead of its anticipated stock market debut.

Under the agreement, CoreWeave will provide AI infrastructure to OpenAI. As part of the deal, OpenAI will receive a $350m stake in CoreWeave through a private placement at the time of its IPO.

EMEA

Italy clears Italgas' deal for 2i Rete Gas with conditions. (Reuters)

Italy's antitrust authority has granted conditional approval for Italgas, Europe's largest gas distributor, to acquire its domestic competitor 2i Rete Gas, the regulator announced on March 11.

In October, Italgas agreed to purchase 2i Rete Gas for €5.3bn ($5.8bn), a major step in consolidating Italy's gas distribution industry.

2i Rete Gas is advised by Goldman Sachs (led by Francesco Pascuzzi), Mediobanca (led by Giuseppe Baldelli) and UniCredit (led by Luca Gunetti). Italgas is advised by Bank of America, JP Morgan (led by Michele Croci), Jefferies & Company (led by Andrea Donzelli), Legance (led by Alberto Giampieri) and Foglia & Partners (led by Giuliano Foglia). Financial advisor is advised by Gatti Pavesi Bianchi Ludovici (led by Andrea Limongelli). Debt financing is provided by Banco BPM, Bank of America, Citigroup, JP Morgan, Morgan Stanley and Societe Generale, according to press releases and Mergerlinks data.

CareTrust REIT to acquire Care REIT for $817m.

CareTrust REIT, a real estate investment trust, agreed to acquire Care REIT, a UK-based real estate investment trust, for $817m, according to press releases.

Care REIT is advised by Winterflood Securities (led by Joe Winkley and Neil Langford), Jefferies & Company (led by Rishi Bhuchar) and H/Advisors Maitland (led by James Benjamin). CareTrust REIT is advised by Piper Sandler (led by Richard Singh and Damian Thornton) and Jones Day (led by Anna Cartwright), according to press releases.

Apax to acquire Norva24 for $656m.

Apax, a private equity firm, offered to acquire Norva24, an underground infrastructure maintenance services provider, for $656m, according to press releases.

Norva24 is advised by Citigroup and White & Case (led by Shoan Panahi and Johan Thiman). Apax is advised by Setterwalls Advokatbyra and Sullivan & Cromwell (led by Karan Dinamani), according to press releases.

Pioneer Point Partners to acquire OG Clean Fuels from ABN AMRO and Meewind.

Pioneer Point Partners, an infrastructure investment firm, agreed to acquire OG Clean Fuels, an owner and operator of clean fuels filling stations, from ABN AMRO Sustainable Impact Fund, a private impact fund, and Meewind, a company that invests in sustainable energy sources, according to press releases. Financial terms were not disclosed.

OG Clean Fuels is advised by Jefferies & Company. Pioneer Point Partners is advised by Rothschild & Co, according to press releases and Mergerlinks data.

Nrep and Plus Hoivakiinteistöt to form a joint venture.

Nrep, a real estate investor, and Plus Hoivakiinteistöt, a local company which specialises in care home operations, agreed to form a joint venture, according to press releases. Financial terms were not disclosed.

Nrep and Plus Hoivakiinteistöt are advised by Avance (led by Christoffer Charpentier), according to press releases.

H.I.G. Capital completes the acquisition of Protos.

H.I.G. Capital, a global alternative investment firm, completed the acquisition of Protos, an independent technical consulting firm, according to press releases. Financial terms were not disclosed.

Charterhouse to acquire ESTYA.

Charterhouse, a private equity firm, agreed to acquire ESTYA, a French services provider, according to press releases. Financial terms were not disclosed.

Tennet launches stake sale valuing German grid at €27bn. (Bloomberg)

Dutch state-owned Tennet Holding has begun seeking investors for its German high-voltage grid, advancing its long-awaited privatization process.

Potential investors must notify sell-side banks by March 25 if they wish to provide capital in exchange for shares. Tennet is also considering public equity markets as an alternative funding option.

Rio Tinto to issue bonds to finance $6.7bn Arcadium Lithium acquisition. (Bloomberg)

Rio Tinto plans to sell bonds in the US to repay a bridging loan used for its $6.7bn acquisition of Arcadium Lithium.

The world’s second-largest miner has not disclosed the target amount in filings with the US Securities and Exchange Commission.

Buyout firms eye Italian software developer Namirial. (Bloomberg)

Several private equity firms are interested in acquiring Namirial, an Italian software developer that could be valued at €900m ($976m).

Bain Capital, Hg, and TA Associates are preparing non-binding offers, while Apax and Cinven are also exploring potential bids.

Ageas and Allianz explore bids for UK insurer esure. (Reuters)

Ageas has hired advisers to evaluate a bid for British motor and home insurer esure as part of plans to consolidate the UK personal lines market.

Allianz has also been working on an offer in recent weeks. The bidding process will have a single main round, with a deadline set in the coming weeks, though a deal is not guaranteed.

Thames Water prepares CKI as potential buyer in case of administration. (Bloomberg)

Thames Water is positioning CK Infrastructure Holdings as a possible buyer if the utility enters special administration following a court appeal in London.

The company aims to have the Hong Kong-based investor as an option for administrators to consider in the event of insolvency.

BASF selects Deutsche Bank, Goldman for agrichemical listing. (Bloomberg)

BASF has appointed Deutsche Bank and Goldman Sachs to arrange the potential listing of its agricultural chemicals division as part of its broader restructuring.

The business could be valued at more than €20bn ($22bn) in the listing. Global coordinators for underwriting the share sale will be appointed later. BASF aims to complete the unit's separation by 2027.

APAC

The Rohatyn Group to acquire a 77% stake in the New Zealand joint venture from Rayonier for $710m.

The Rohatyn Group, an investment firm, agreed to acquire a 77% stake in the New Zealand joint venture from Rayonier, a timberland real estate investment trust, for $710m, according to press releases.

Seven & i in talks with Couche-Tard on store sales for $47bn merger. (Reuters)

Seven & i has started discussions with Alimentation Couche-Tard on a store sale plan that could pave the way for ACT’s $47bn takeover bid.

Seven & i has stated that US antitrust laws could pose a challenge to the deal, as both companies dominate the US convenience store market with a combined 20k locations.

TA Associates explores sale of majority stake in India’s OmniActive Health. (Bloomberg)

TA Associates is considering selling its majority stake in OmniActive Health Technologies and is in discussions with potential advisers.

The private equity firm could seek a valuation of up to $1bn for the Indian company.

EV maker Ather considers IPO at $1.2bn valuation. (Bloomberg)

Ather Energy, an Indian electric scooter manufacturer backed by Hero MotoCorp, is weighing a Mumbai IPO at a $1.2bn valuation.

Initially targeting $2bn, the company now aims to launch its share sale by late March or early April. The offering could raise $400m, potentially bringing Ather’s post-money valuation to $1.6bn.

Nissan appoints Ivan Espinosa as CEO after failed Honda merger. (WSJ)

Nissan Motor has named Chief Planning Officer Ivan Espinosa as its new CEO, replacing Makoto Uchida just weeks after scrapping a merger plan with Honda Motor.

Espinosa, who joined Nissan’s Mexican unit in 2003, has spent years in the company’s product strategy and planning division.

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