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• Adelis Equity Partners agreed to acquire a majority stake in Newground, a Swedish specialty consultancy alliance. Go deeper

Advent International will invest around $328.5m into listed Indian hospital operator Yatharth for a 24.9% stake. Go deeper

• Allyant, a Thompson Street Capital Partners portfolio company, acquired Braille Works, a Seffner, Fla.-based provider of accessible alternative format communications. Go deeper

🚑 Apollo is in talks to buy orthopedics business DePuy Synthes from Johnson & Johnson (NYSE: JNJ) for around $20b, per Bloomberg. Go deeper

• Aurelius agreed to acquire the U.K. and European business of better-for-you food firm Hain Celestial Group (Nasdaq: HAIN) for $323m. Go deeper

• Bain Capital and SoftBank affiliate LY Corp. increased their takeover offer for Kakaku (Tokyo: 2371), a Japanese price comparison and job search site, topping a bid from EQT. Go deeper

• Bendon, backed by Brightstar Capital Partners, acquired the North American business of Australian crafting company Hinkler. Go deeper

• Bertram Capital invested in Starc Systems, a Brunswick, Maine-based maker of reusable temporary containment wall systems. Go deeper

• Blackstone agreed to acquire Flow Control Holdings, a Cincinnati-based provider of flow control solutions and components, from Audax Private Equity (which retains a minority stake). Go deeper

• Brookfield is in talks to recapitalize U.K. holiday parks operator Center Parcs at around a $6b valuation, per Bloomberg. Go deeper

• Brookfield agreed to acquire Reliance Worldwide (ASX: RWC), an Atlanta-based plumbing supplies manufacturer, for US$2.9b. Go deeper

⚡ Carlyle ⁠agreed to acquire Canadian oil and gas company Parallax from Carnelian Energy Capital. Go deeper

• Carlyle agreed to buy, alongside firm CVC, Dutch security tech provider BauWatch from Haniel at a reported €1b valuation. Go deeper

• Centauri, an Abry Partners portfolio company, acquired Benny the Benefits Navigator, an Iowa-based platform for streamlining public benefits applications. Go deeper

Clearlake Capital Group purchased minority stakes in soccer club Chelsea F.C. from Mark Walter and Todd Boehly. Go deeper

• CVC and JC Flowers are bidding on Aldermore, the U.K. bank arm of South African lender FirstRand (JSE: FSR), per Reuters. Go deeper

• CVC also acquired a stake in Ridge, a U.K. built environment consultancy, from Horizons Capital. Go deeper

🚑 CVC is in talks to buy the mainland China unit of contact lens maker Ginko International from EQT for $700m-$800m (including debt), per Reuters. Go deeper

• CyberMaxx, a Periscope Equity portfolio company, acquired Avertium, a Microsoft-focused cybersecurity firm. Go deeper

🚑 Danforth Health, an Avesi Partners portfolio company, acquired Ambit RD, a Morristown, N.J.-based provider of patient identification services for biopharma. Go deeper

🚑 Endpoint Clinical, an Arsenal Capital Partners portfolio company, acquired Bluefin, a Boston-based provider of clinical supply forecasting and planning tech. Go deeper

⚡ EQT and Norges Bank Investment Management are prepping a joint bid to buy Acciona Energía (Madrid: ANA), per Expansion. Ardian also is bidding. Go deeper

• EQT is also leading the race to buy Australian auction house Pickles, which could fetch A$1.5b, per The Australian. Go deeper

Everest Clinical Research, an Arlington Capital Partners portfolio company, acquired the biometrics and data services unit of Firma DS, a Northlane Capital portfolio company. Go deeper

• Fime, a Gallant Capital Partners portfolio company, acquired Red Alert Labs, a Paris-based cybersecurity certification and compliance automation company. Go deeper

• FountainVest and HSG are circling Alpinestars, an Italian maker of protection gear for motorcycle racers that could fetch around €1b, per Bloomberg. Go deeper

• Francisco Partners and KKR agreed to buy a combined 15% stake in TeamSystem, an Italian business software firm owned by Hellman & Friedman, per Reuters. Go deeper

• Genstar Capital invested in Richey May, a Denver-based accounting and advisory firm, with participation from Aksia. Go deeper

GFL Environmental (NYSE: GFL) is expected to receive take-private bids from one group comprised of Brookfield and IFM Investors and another with KKR, Energy Capital Partners, and Blackstone, per Bloomberg. Go deeper

• Graham Partners acquired Immix, a Charlotte, N.C.-based provider of software for remote video monitoring and security operations centers, from Norland Capital and CFT Capital Partners. Go deeper

• H.I.G. Capital merged Action Elevator Co. and All City Elevator to form EverRise Lift Group, an elevator service and modernization platform. Go deeper

⚡ Hy24, a JV between Ardian and FiveT Hydrogen, agreed to buy a 20% stake in European gas pipeline Opal from Uniper (ETR: UN0). Go deeper

🚑 Ivy Fertility, backed by InTandem Capital Partners, acquired Santa Barbara Fertility Center. Go deeper

📷 Kincell Bio and Cellipont Bioservices merged to form Kincellis, a CDMO focused on cell therapies. Kincell investor NewSpring Capital led financing for the deal, joined by Cellipoint backers Kineticos Life Sciences, HealthQuest Capital and Great Point Partners. Go deeper

• KKR is in pole position to buy Portuguese packaging maker Logoplaste from Ontario Teachers' Pension Plan after Apax Partners walked away, per Bloomberg. Go deeper

⚡ Loenbro, a Kohlberg portfolio company, acquired Prism Electric, an electrical contractor in Texas and Oklahoma. Go deeper

• Main Capital Partners agreed to buy British education software firm Tribal (AIM: TRB) for £189m. Go deeper

• Main Capital Partners acquired a majority stake in Boxwise, a U.K. warehouse management system provider. Go deeper

• MBK Partners will help launch a $1.7b take-private tender for Leopalace21 (Tokyo: 8848), a Japanese apartment management company. Go deeper

• New Mountain Capital acquired a minority stake in Appleby, an offshore legal and corporate services platform. Go deeper

📷 NMS Capital acquired both Endoscopy Corp. of America and Medical Optics from Probo Medical, forming a new surgical suite MRO platform called Asurgence Medical. Go deeper

• Pacific West, backed by Bluejay Capital Partners, acquired Coleman, a Kansas City-based provider of construction and repair services for rail and industrial facilities. Go deeper

• Partners Group invested in SEG, an international sports talent agency. Go deeper

• Quorum Cyber, backed by Charlesbank Capital Partners and Livingbridge, agreed to buy Ontinue, a Redwood City, Calif.-based cybersecurity firm focused on the Microsoft ecosystem, from EQT. Go deeper

📷 Sheridan Capital Partners acquired PtEverywhere, a provider of practice management and payments software for outpatient physical therapy providers. Go deeper

• Spaggiari, an Ambienta portfolio company, acquired E-Schooling Dream Shaper, a provider of education software in Iberia and Latin America. Go deeper

• StayTerra, a Garnett Station Partners portfolio company, acquired Gather Vacations, a manager of luxury vacation rental properties in Hawaii and the West Coast. Go deeper

• Tallvine Partners acquired the assets of Crosby Enterprises, a provider of marine infrastructure solutions across the U.S. Gulf Coast and inland waterways. Go deeper

🔥 TPG agreed to invest in Tablet Command, a Walnut Creek, Calif.-based provider of incident management and response software for fire departments and emergency response agencies. Go deeper

• Vantora (fka UP Labs), an industrial AI company, raised more than $100m from Silversmith Capital Partners. Go deeper

• Verlinvest agreed to invest in HomeExchange, an NYC-based home-swapping platform. Go deeper

• Vitruvian Partners has acquired Smartling, an NYC-based provider of enterprise translation software, from backers like Battery Ventures. Go deeper

• Vortex, a Quad-C Management portfolio company, acquired CLH & Son, an Auburn, Maine, infrastructure contractor. Go deeper

• Waterland said it's continuing to consider a takeover offer for U.K. telco Gamma Communications (LSE: GAMA), which recently agreed to sell to Epris for around £1b, but that it's no longer working in concert with Inflexion-backed Giacom. Go deeper

• Western Pavement Services, a Banner Capital portfolio company, acquired Andersen Asphalt, a West Haven, Utah-based provider of asphalt maintenance services. Go deeper

• Apollo ‌is exploring strategic options for Energos, a floating liquefied natural gas infrastructure firm that could fetch more than $3b, per Reuters. Go deeper

• Blackstone hired Goldman Sachs to sell the Asian business of U.K. events organizer Clarion Events, per Bloomberg. Go deeper

• Brown Brothers Harriman sold The Granite Group, a Concord, N.H.-based distributor of plumbing and HVAC products with around $500m in annual sales, to Watsco (NYSE: WSO). Go deeper

🚑 GE HealthCare (Nasdaq: GEHC) is in talks to buy Sofie Biosciences, a Dulles, Va.-based maker of cancer scan chemicals, for around $1b, per the FT. Sofie backers include Trilantic. Go deeper

• Grab (Nasdaq: GRAB) agreed to acquire a majority stake in Singaporean BNPL provider Atome for $1.49b in cash. Atome backers include SoftBank and Warburg Pincus. Go deeper

🚑 GSK (NYSE: GSK) agreed to acquire a trispecific T-cell engager from Chimagen Biosciences, a Chinese biotech whose backers include Foresite Capital, for up to $750m. Go deeper

⚡ Ichthys Energy Partners, backed by Post Oak Energy Capital, sold part of its Permian Basin assets to multiple buyers. Go deeper

⚡ KKR has sold its entire 19.9% stake in listed Philippine power producer First Gen for around $410m. Go deeper

• KPS Capital Partners agreed to sell Italian aluminum profile manufacturer Metra to Polish industrial group Grupa Kęty for €645m. Go deeper

• May Mobility, an Ann Arbor, Mich.-based autonomous microtransit company, agreed to go public via a reverse merger with ACP Holdings Acquisition Corp. (Nasdaq: ACGCW), a SPAC affiliated with Atlas Credit Partners. May has raised over $300m from firms like NTT Group, Toyota Ventures, Aioi Nissay Dowa Insurance Co., State Farm Ventures, BMW i Ventures, Cyrus Capital, and Trucks VC. Go deeper

📷 Plains All American Pipeline (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) agreed to acquire Silver Creek, a crude oil gathering system in the Powder River Basin, from Tailwater Capital and The Energy & Minerals Group for $585m in cash. Go deeper

• Procare Solutions, owned by Roper Technologies (Nasdaq: ROP), bought Playground, an NYC-based child care management platform that had raised $3.35m in seed funding led by Human Capital and Bedrock in 2021. Go deeper

⚡ Trillium Flow Technologies, a First Reserve portfolio company, agreed to sell its U.S. pumps business to Crane Co. (NYSE: CR) for approximately $240m. Go deeper

• Vista Equity Partners hired Morgan Stanley to find a buyer for Finastra, a London-based maker of software for financial institutions, per Reuters. Go deeper

• Arthur J. Gallagher & Co. (NYSE: AJG) acquired McMillan Insurance & Bonding (dba Innovise Business Consultants), an Englewood, Colo.-based commercial insurance brokerage. Go deeper

• Becklin Holdings acquired Chief Avionics, a Grants Pass, Ore.-based avionics repair services company. Go deeper

• Colgate-Palmolive (NYSE: CL) hired Goldman Sachs to explore the sale of several mass-market consumer brands — including Softsoap, Irish Spring, and Speed Stick — per Reuters. Go deeper

⚡ Essar Energy Transition Fuels agreed to buy U.K. fuel retailer SGN Retail. Go deeper

• Essity is seeking to sell its consumer tissue business, after activist Cevian Capital acquired a minority stake in the listed Swedish company, per Bloomberg. Go deeper

• The FCC approved Paramount Skydance's (Nasdaq: PSKY) request to permit more than 25% of the financing for its Warner Bros. Discovery (Nasdaq: WBD) acquisition to come from foreign sources. Go deeper

📷 The FTC requested more information on Fertitta Entertainment's proposed $5.7b acquisition of Caesars Entertainment (Nasdaq: CZR). Go deeper

📷HighPeak ‌Energy (Nasdaq: HPK) hired Evercore and Texas Capital Securities to explore a sale, per Reuters. Go deeper

• Kimberly-Clark (Nasdaq: KMB) is planning divestitures to address European antitrust concerns about its $49b takeover of Tylenol maker Kenvue (NYSE: KVUE), per Reuters. Go deeper

• Larry Ellison scrapped plans to sell up to $7.5b of Oracle (Nasdaq: ORCL) stock, just one day after Oracle disclosed the plans. Go deeper

• Moody's (NYSE: MDO) agreed to acquire a minority stake in Philippine Rating Services. Go deeper

📷 National Fuel Gas (NYSE: NFG) hired Goldman Sachs to explore a sale of its natural gas production business, which could fetch around $5b, per Reuters. Go deeper

• PSA International of Singapore is seeking to sell a minority stake in its Mumbai port operations, which could be valued at $2b (including debt), per Bloomberg. Go deeper

• Puig (Madrid: PUIG) has agreed to buy the stake it didn't already hold in Spanish skincare company Isdin from Esteve for €1.4b. Go deeper

• Sazerac, the New Orleans maker of Southern Comfort and Buzzballz, acquired U.K. spirits brand Au Vodka. Go deeper

• Sazerac is also in talks to buy German schnapps maker Berentzen-Gruppe, per Bloomberg. Go deeper

• Solar Industries of India agreed to buy South African chemicals and mining firm Omnia Holdings (JSE: OMN) for around $1.36b in cash. Go deeper

• SThree (LSE: STEMS), a U.K. recruiting firm, rejected a preliminary takeover approach from Circle8 Group (Nasdaq: CIRC). Go deeper

• The U.S. Department of Defense is investing $450m for a 20% stake in Elmet Group, a Portland, Maine-based tungsten producer. Go deeper

• Vue, a European cinema operator backed by Barings and Farallon, said it's exploring strategic alternatives including a possible London listing. Go deeper

🚑 Waystar (Nasdaq: WAY) hired Evercore and Barclays to advise on a potential sale process, per Reuters. Go deeper

🌎 Blackstone is targeting $8b for a private credit fund focused on renewables and digital infrastructure, per Bloomberg. Go deeper

• Carlyle raised $2.3b for its second infrastructure credit fund. Go deeper

• Goldman Sachs Asset Management raised $9.6b for its ninth flagship PE fund, plus $1.6b for an Asia-focused fund and $500m for related co-investment vehicles. Go deeper

• Brian DeFee joined Equitex as a managing director and head of Americas capital formation. He previously was with Capstone Partners. Go deeper

M&A deals of the week

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<h2 class="text-h6 !font-sans !font-normal !leading-[1.2em]">Private Equity Buys</h2>• Adelis Equity Partners agreed to acquire a majority stake in Newground, a Swedish specialty consultancy alliance. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://axios.link/3UVqZC1" data-vars-content-id="12764c7d-50f9-4c66-9cac-f1d69cc78d91" 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/3UVqZC1" target="_self">Go deeper</a>Advent International will invest around $328.5m into listed Indian hospital operator Yatharth for a 24.9% stake. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://link.axios.com/click/47541156.120698/aHR0cHM6Ly9heGlvcy5saW5rLzNTUVFySXA/681b2cf40c2d22e03a086242B1fb4c44f" data-vars-content-id="12764c7d-50f9-4c66-9cac-f1d69cc78d91" 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://link.axios.com/click/47541156.120698/aHR0cHM6Ly9heGlvcy5saW5rLzNTUVFySXA/681b2cf40c2d22e03a086242B1fb4c44f" target="_self">Go deeper</a>

M&A deals of the week

Private Equity Buys

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