All Access

M&A Deals

M&A Deals Alerts

Alert

🔥 Agellus Capital acquired Phillips Fire & Life Safety, a Houston-based fire and life safety services company, adding it to Bluejack Fire & Life Safety. Go deeper

⚡ Albireo Energy, a Huron Capital portfolio company, acquired Powers' regional units in Oklahoma and Mississippi/Louisiana. Go deeper

⚡ Ardian acquired minority stakes in Texas-based wind farms Horse Creek and Electra from a Munich Re subsidiary. Go deeper

🏈 Arctos Partners agreed to buy a 10% stake in the NFL's Atlanta Falcons at a $10.6b enterprise value, per CNBC. Go deeper

• Astara Capital Partners acquired Dynatec Systems, a Burlington, N.J.-based maker of industrial wastewater treatment systems. Go deeper

• Aventia, backed by Bernhard Capital Partners, acquired Bryant Hammett & Associates, a Ferriday, La.-based civil engineering, land surveying and hazard mitigation firm. Go deeper

• Bowmark Capital acquired a majority stake in InfraXmedia, a London-based media and events company for the digital-infrastructure market, from Opus Origin. Go deeper

🌎 Canada Growth Fund and Rice Investment Group invested $35m in EnerPure, a Canadian developer of motor oil recycling tech. Go deeper

• Carlyle and CVC Capital Partners are prepping a takeover bid for German security systems provider Bauwatch for around €1b, per Bloomberg. Go deeper

• Certerra, backed by OceanSound Partners, acquired Skyrise Engineering and Testing, a Fort Lauderdale, Fla.-based geotechnical and materials testing firm. Go deeper

• Charlesbank is in talks for a $700m stake in U.S. law firm WSHB, per the FT. Go deeper

🚑 Columna Capital sold its majority stake in French dental care provider Ardentis Cliniques Dentaires to Medbase, part of Migros Group. Go deeper

• The Crest Group, backed by Stellex Capital Management, acquired Dukane, a St. Charles, Ill.-based maker of ultrasonic solutions and plastic joining technologies. Go deeper

• CVC Capital Partners invested in OpenRent, a U.K. property rental platform. Go deeper

• Deutsche Telekom agreed to buy Polish network operator Fiberhost and broadband provider Inea from Macquarie Asset Management for €1b. Go deeper

• DoiT acquired Israeli startup Attribute, which measures AI and cloud spending. DoiT backers include Pantheon, Bain Capital, Charlesbank Capital Partners, and Deutsche Bank. Attribute had raised $13.5m from Mensch Capital, SCapital, HarelTech, and IBI. Go deeper

• EQT acquired a majority stake in Australian rugby club Melbourne Storm. Go deeper

• EQT is weighing a sale of ILA Vietnam, an English language education business in Vietnam that could fetch around $500m, per Bloomberg. Go deeper

⚡ Exponent agreed to invest more than €70m into OFS, an Irish provider of specialist technical services to the power industry. Go deeper

⚽ Fenway Sports Group, whose backers include RedBird Capital Partners, agreed to sell around a one-third stake in Liverpool FC for £1.65b to a consortium that includes Amit Bhatia, Jeff Bezos, and Eduardo Saverin. Go deeper

• Foods Connected, an Apax Partners portfolio company, acquired food quality inspection provider HarvestMark Quality Insights. Go deeper

🚑 Francisco Partners agreed to acquire Weave Communications (NYSE: WEAV), a patient engagement and payments platform, for around $650m, or $7.40 per share. Go deeper

• General Atlantic refreshed its confidential IPO paperwork with the SEC, nearly three years after the private equity firm's original submission, per the WSJ. Go deeper

• Genstar Capital is investing in Ascensus, a Dresher, Pa.-based retirement and savings account provider it sold to Stone Point Capital in 2021. Genstar and Stone Point now will be co-owners. Go deeper

• Genstar Capital agreed to buy Oncourse Home Solutions, a Naperville, Ill.-based provider of home infrastructure warranties, from Apax Partners. Go deeper

• Global Infrastructure Partners and I Squared Capital each submitted bids for Porto Sudeste, a Brazilian port being sold by Trafigura Group and Mubadala Capital, per Bloomberg. Go deeper

🚑 Guidant Power, backed by Shore Capital, acquired Dyna Scan Technical Services, a Cincinnati-based infrared inspection firm specializing in health-care facilities. Go deeper

🚑 Hg invested in Nourish Care, a provider of software for the U.K. social and community care sector. Go deeper

• Investcorp acquired Indian contract logistics platform 20Cube 3PL Solutions for about $52m. Go deeper

🚑 JLL Partners agreed to acquire Life Couriers, a German provider of health-care logistics, from Auctus Capital Partners. Go deeper

🚽 John To Go, an Ironwood Capital portfolio company, acquired Bravo Site Services, a Long Island-based portable toilet and trailer rental provider. Go deeper

⚡️ KKR offered to acquire natural-gas and electricity distributor UGI Corp (NYSE: UGI) for roughly $9b, or $42.50 a share, per WSJ. Go deeper

KKR also invested up to $50m for a 6% stake in BookMyShow, an Indian ticketing and live entertainment platform. Go deeper

• KKR agreed to lead an A$7.7b takeover of Australian insurance broker Steadfast Group (ASX: SDF). As part of the deal, Genstar Capital-backed Amwins would acquire Steadfast's underwriting agency and Dragoneer would assume its broking business. Go deeper

🚑 Leo Pharma, owned by Nordic Capital, will pay up to $435m upfront (plus earnouts) for the rights to a skin disease drug from Tanabe Pharma, owned by Bain Capital. Go deeper

🚑 Linden Capital hired Jefferies to shop oncology-focused consultancy Aptitude Health, per Axios Pro. Go deeper

• Long Ridge Equity Partners invested in MarketSphere, an Atlanta-based provider of unclaimed property compliance solutions. Go deeper

• Lyntris, a defense-tech rollup backed by Trive Capital, raised $297.5m in its IPO. It priced 17m shares at $17.50, versus plans to offer 24m shares at $19-$22, and will list on the NYSE (LYNX). axios.link/4z8e7Ip

• Marquee Brands, owned by Neuberger Berman, acquired Roots (TSX: ROOT), a Canadian outdoors and lifestyle brand, for C$4.10 per share. Go deeper

🚑 Medmark, an Irish occupational health provider, secured up to €70m from Phoenix Equity Partners. Go deeper

🚑 New Heritage Capital invested in Carepoint Pharmacy, a Schaumburg, Ill.-based access hub and dispensing pharmacy. Go deeper

• Oakley Capital agreed to buy a majority stake in Graphwise, a Bulgarian provider of knowledge graph and semantic data technology. Sellers are Integral Capital Group, Portfolion Capital Partners, and Carpathian Partners. Go deeper

• Ode, the enterprise AI consulting business Go deeper and several PE firms, acquired AI services firm Casper Studios. Go deeper

🚑 Providence Equity Partners agreed to acquire a majority stake in CheckedUp, an NYC-based patient education and engagement tech company, from Rockbridge Growth Equity. Varsity Healthcare Partners is taking a minority stake. Go deeper

• PSG invested in XBE, a Kansas City, Mo.-based "system of action" for heavy materials, logistics, and construction teams. Go deeper

• Quantexa, a British decision intelligence platform, is planning an IPO in either the U.K. or U.S., its CEO tells Reuters. The company has raised over $500m and was valued last year at $2.6b. Backers include Dawn Capital, Warburg Pincus, Teachers' Venture Growth, AlbionVC, Evolution Equity Partners, and British Patient Capital. axios.link/3U8QOy3

⚡ Quantum Capital Group agreed to sell Permian Basin-focused FireBird Energy II to Continental Resources. Go deeper

• Ridgeview agreed to buy U.K. auto services firm Pinewood Technologies (LSE: PINE) for £545m. Pinewood previously agreed to a deal with Apax, which later bailed. Go deeper

• Risepoint, backed by The Vistria Group, acquired the North American operations of Keypath Education, a health-care education company. Go deeper

• River Associates Investments acquired Diamond Wipes, a Chino, Calif.-based wet wipe maker. Go deeper

• Salt Creek Capital acquired Craig Wire Products, a Douglasville, Ga.-based maker of magnet wire. Go deeper

🔥 Security Fire Solutions Platform, backed by Blackford Capital, acquired Industrial Electronic Systems, a Rancho Cordova, Calif.-based provider of fire alarm, security, and life safety solutions. Go deeper

🚑 SEVA Growth invested in Serif Health, an SF-based provider of healthcare price transparency data. Go deeper

• Shur-Co, a portfolio company of Behrman Capital, acquired Heavy Motions, an Ontario, Calif.-based maker of hydraulic systems and motion products. Go deeper

🚑 Skye Bioscience (Nasdaq: SKYE) agreed to acquire Redx Pharma, a U.K. biotech focused on fibrotic diseases. The deal includes $125m of new financing from Abingworth, British Business Bank, NEXTBio Capital, and 5AM Ventures. Go deeper

• Stone Point Capital acquired the risk management unit of agri-food tech company Ever.Ag. Go deeper

• Strategic Value Partners hired JPMorgan and Morgan Stanley to find a buyer for APCOA Parking, a London-based parking space operator that could fetch €2b, per Bloomberg. Go deeper

• Summit Partners hired Piper Sandler to find a buyer for freight factoring firm OTR Solutions, per Axios Pro. Go deeper

• Summit Restoration Group, backed by Point 41, acquired Capital Construction Services and Capital Fire & Water, Richmond, Va.-based emergency response and rebuild groups. Go deeper

• THL Partners agreed to buy a majority stake in Queue-it, a Copenhagen-based provider of online traffic orchestration solutions, from GRO Capital. Go deeper

• Trinity Consultants, backed by Veritas Capital and Oak Hill Capital, acquired Sacramento-based environmental consultancy Verux. Go deeper

• Triton Partners acquired Swedish media measurement firm Cint for less than $300m. Go deeper

• Truestar Capital agreed to buy Chinese mobile game developer Lingxi Games for around $2b from Alibaba (NYSE: BABA), per Reuters. Go deeper

• Turnspire Capital Partners acquired Hulcher Services, a Denton, Texas-based provider of rail infrastructure, maintenance, and field services. Go deeper

• Uplift Investors is acquiring Engage Fi, a financial services tech consultant, from Falfurrias Management Partners. Go deeper

• Upstox, an Indian online trading platform, is planning to raise up to $400m in a domestic IPO, per Bloomberg. It's raised over $50m from firms like Kalaari Capital and Tiger Global. axios.link/4x4dSN3

• VALD, backed by FTV Capital, acquired both BridgeAthletic (strength/conditioning software) and GymAware (training tech). Go deeper

• Valor Exterior Partners, a Cincinnati-based portfolio company of Osceola Capital, acquired Braintree, Mass.-based Associate Roofing. Go deeper

• Vensure Employer Solutions, a Stone Point Capital portfolio company, acquired TecsPal, an SF-based provider of IT asset management for remote teams. Go deeper

• Veritas Capital agreed to sell Epiq Design Solutions, a Rolling Meadow, Ill.-based provider of specialized radio technologies, to TTM Technologies (Nasdaq: TTMI) for $1.1b. Go deeper

• WSB, a GHK Capital portfolio company, acquired Civil Infrastructure Associates, a Murfreesboro, Tenn.-based municipal engineering firm. Go deeper

• Alphabet is paying $10m for business data from bankrupt Spirit Airlines. Go deeper

• Ascend Sport (dba AIM Sport), a Swiss sports tech company, is working on a reverse merger with shell company EvoNext (SIX: EVE) at around a $740m valuation, per Bloomberg. Go deeper

• AvalonBay Communities completed its merger with fellow apartment owner Equity Residential, forming a new company called Vivmark Residential (NYSE: VMRK) with around a $51b market cap. Go deeper

• Charter Communications (Nasdaq: CHTR) completed its $34.5b acquisition of Cox Communications from Cox Enterprises (parent company of Axios). Go deeper

⚡ Continental Resources of Oklahoma agreed to buy a 50% stake in Phoenix Global Resources, an Argentinian shale oil firm owned by Mercuria Energy Group. Go deeper

• DB Cargo of Germany reportedly is seeking to sell its U.K. railfreight business. Go deeper

• Diana Shipping (NYSE: DSX) ended its efforts to acquire Genco Shipping & Trading (NYSE: GNK), claiming demands from Genco were unreasonable. Go deeper

📺 Disney (NYSE: DIS) has no interest in spinning off ESPN, per a CNBC interview with CEO Josh D'Amaro. Go deeper

⚡ Equinor (Oslo: EQNR) acquired an 87.7% stake in the Lackawanna Energy Center, a 1,483 MW gas-fired combined cycle power plant in Pennsylvania, for $940m from Invenergy. Go deeper

• Goldman Sachs (NYSE: GS) will pay up to $410m to acquire LCN Capital Partners, an investment manager specializing in real estate sale-leasebacks, build-to-suit, and triple net leases. Go deeper

• Holcim (Swiss: HOLN) agreed to acquire Fermacell, a German maker of sustainable walling and flooring solutions, for €430m from James Hardie Industries (NYSE: JHX). Go deeper

• HomeTrust (NYSE: HTB) agreed to buy Richmond, Va.-based Blue Ridge Bank for $448m in stock. Go deeper

• Inspire Brands Asia is seeking to sell gym chain Anytime Fitness Asia for upwards of $400m, per Bloomberg. Go deeper

• Madison Air Solutions (NYSE: MAIR) agreed to buy Ebm-papst, a German provider of fans and other ventilation technologies, for $5.4b. Go deeper

• MAI Capital Management acquired Waypoint Wealth Counsel, an Atlanta-based RIA with $490m under management. Go deeper

M&A deals of the week

Illustration of an owl winking while holding a one hundred dollar bill in its beak

<h2 class="text-h6 !font-sans !font-normal !leading-[1.2em]">Private Equity Buys</h2>🔥 Agellus Capital acquired Phillips Fire &amp; Life Safety, a Houston-based fire and life safety services company, adding it to Bluejack Fire &amp; Life Safety. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://axios.link/3UIUBSR" data-vars-content-id="f268d6d5-8178-4b75-b85d-efe69af1f759" data-vars-headline="M&amp;A deals of the week" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://axios.link/3UIUBSR" target="_self">Go deeper</a>⚡ Albireo Energy, a Huron Capital portfolio company, acquired Powers&#x27; regional units in Oklahoma and Mississippi/Louisiana. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://axios.link/4xLBllZ" data-vars-content-id="f268d6d5-8178-4b75-b85d-efe69af1f759" data-vars-headline="M&amp;A deals of the week" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://axios.link/4xLBllZ" target="_self">Go deeper</a>

M&A deals of the week

Private Equity Buys

What to read next