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• 73 Strings, an NYC-based financial software company backed by Goldman Sachs and Blackstone, acquired Callisto, a Paris-based financial automation platform. Go deeper

• Adlib Software, a Diversis Capital portfolio company, agreed to acquire Paperbox, a Belgian agentic AI insurance platform. Go deeper

• Advent International and FedEx completed their €7.8b take-private buyout of Polish parcel delivery firm InPost. Go deeper

⚾ Apollo may take an equity stake in the New York Yankees, as part of a previously reported debt package, per the NY Post. Go deeper

🚑 Arcventis Health Partners acquired a majority stake in Aligned Modern Health, a Chicago-based functional medicine company backed by Harbour Point Capital. Go deeper

•Ardan Equity agreed to invest in clinical trial software provider Clinical Ink alongside insider GI Partners at a $400m valuation, with each firm to own a 50% stake, per Axios Pro. Go deeper

🚑 Ascend Learning, backed by Blackstone and CPP Investments, acquired M7 Health, an automated health scheduling and staffing platform. M7 had raised around $17m from Threshold Ventures, Lakehouse Ventures, First Round Capital, and 25m Health. Go deeper

• Atlantic Street Capital invested in GLP, a Toronto-based HVAC distributor. Go deeper

🌍 Audax Private Equity acquired Integral Consulting, a Boulder, Colo.-based science and engineering consultancy, from Imperial Capital Group. Go deeper

🚑 AVS Bio, an Arlington Capital Partners portfolio company, acquired Biorbyt, a U.K. supplier of bio-reagents, antibodies, proteins, and other biomaterials for life science research. Go deeper

🌍 Bain Capital agreed to acquire lake and pond management firm SOLitude and its Vertex aquatic solutions business from Rentokil Initial (NYSE: RTO) for $230m. Go deeper

• Blackstone and EQT completed their $6.6b buyout of Spanish waste management firm Urbaser from Platinum Equity. Go deeper

🚑 Bridgepoint agreed to buy Altano, a German operator of equine veterinary clinics, from Ufenau Capital Partners. Go deeper

• Butterfly Equity agreed to acquire Sabert, a Sayreville, N.J.-based food packaging manufacturer. Go deeper

• CD&R and Warburg Pincus are in talks to acquire Canaccord Wealth from Canaccord Genuity (TSX: CF), per Reuters. Go deeper

• CloudFirst, backed by Renovus Capital Partners, acquired Forvis Mazars' IT and cyber managed services practice. Go deeper

🚑 Command Medical Products, an Argosy Healthcare Partners portfolio company, acquired IMATS, a Costa Rican provider of injection molding and tooling services. Go deeper

• Copeland, a Blackstone portfolio company, acquired Addison, Ill.-based environmental monitoring and compliance firm Dickson from May River Capital. Go deeper

• Cornell Capital acquired Hancock Claims Consultants, an Alpharetta, Ga.-based provider of claims field services to residential P&C insurers. Go deeper

• CVC Capital Partners agreed to buy a minority stake in Prague-based internet infrastructure provider CDN77 at around a $1.9b valuation, per Reuters. Go deeper

• Elvaston invested in DataConsult, a Polish provider of warehouse management systems. Go deeper

• Ember Infrastructure Management offered to acquire British subsea tech company Ashtead Technology (LSE: ATAS) for about £498m. Go deeper

🚑 Forge, backed by Apollo, acquired Becker's Healthcare, a Chicago-based health care industry events business, from Pamlico Capital. Go deeper

• Glacialis (fka Frigoveneta), an Ambienta portfolio company, acquired Madefrigot, an Italian maker of industrial refrigeration systems and air handling units. Go deeper

• Granite Creek Capital Partners invested in Climarock, a Warsaw, Mo.-based provider of insulation panel systems for aboveground storage tanks. Go deeper

• Groundcover, a Tel Aviv, Israel-based cloud monitoring company backed by One Peak, acquired Wand, a Tel Aviv-based cloud application company. Go deeper

• H.I.G. Capital agreed to acquire Mistras (NYSE: MG), a Princeton Junction, N.J.-based provider of industrial asset integrity and lab testing solutions, for around $866m (including debt), or $20.35 per share. Go deeper

🚑 Haelan Capital invested in NuView Health, a Boca Raton, Fla.-based virtual care provider. Go deeper

• Hg agreed to acquire a 70% stake in Greek enterprise software company Entersoftone at a valuation north of €1b, with Olympia Group and Imker Group retaining the other 30%. Go deeper

• IDP Education (ASX: IEL) rejected an A$695m takeover offer from Blackstone. Go deeper

• Inflexion agreed to invest in Manucurist, a French brand of plant-based nail care products. Go deeper

• Insignia Communities (ASX: INA), an Australian retirement village operator, rejected a sweetened US$1.47b takeover offer from Warburg Pincus. Go deeper

 • LLR Partners invested in EnergyCAP, a Boalsburg, Pa.-based utility and energy management platform backed by Resurgens Technology Partners. Go deeper

• Lone View Capital invested in HappyCo, a Carlsbad, Calif.-based property operations platform for multifamily housing. Go deeper

• Main Capital Partners acquired Qbees, a German managed IT services and software provider. Go deeper

• Main Capital Partners agreed to acquire Swedish business software provider Confirma Software from Abry Partners. Go deeper

• Media One, backed by American Pacific Group and Northstar Capital, bought the U.S. business of Premex Solutions, a Marietta, Ga.-based print-ready fabric supplier, from U.K.-based Premier Textiles. Go deeper

• MML Capital invested in Dalcour Maclaren, a U.K. utilities and infrastructure consultancy. Go deeper

• Nexture, an Italian food ingredients maker owned by Investindustrial, acquired La Crema, a Dubai-based manufacturer of chocolate and food ingredients. Go deeper

• Odyssey Investment Partners acquired Falcon Gases, a packaged industrial gas provider. Go deeper

🚑 PAR Excellence Systems, an OceanSound Partners portfolio company, acquired Terso Solutions, a provider of ultra-high frequency RFID inventory tracking tech for health care. Go deeper

• Peakline Partners acquired Kalon, a Stamford, Conn.-based mid-ticket equipment finance platform. Go deeper

• Perpetual (ASX: PPT), an Australian fund manager, rejected a US$2.6b takeover offer from EQT and said that it ended negotiations. Go deeper

• Pfingsten acquired Next Point Bearing Group, a Valencia, Calif.-based distributor of precision and miniature bearings and related power transmission components. Go deeper

• Priority Technology (Nasdaq: PRTH) agreed to be taken private by an investor group led by CEO Thomas Priore with support from Searchlight Capital Partners at around a $1.6b enterprise value. Go deeper

• Ridgeline Roofing & Restoration, a Bertram Capital portfolio company, acquired Advantage Roofing & Exteriors, which serves Southwest Michigan. Go deeper

• Shamrock Capital and Flexpoint Ford acquired Podium Entertainment, an indie-author book and audiobook publisher, for more than $400m, per the WSJ. Go deeper

⚡ SMT Energy, a Boulder, Colo.-based developer of battery energy storage systems, secured up to $268m in equity from Climate Adaptive Infrastructure. Go deeper

⚡ Stonepeak invested in AMPYR, a London-based distributed energy infrastructure platform. Go deeper

• Symera Partners acquired CIS Security, a U.K. provider of physical security services. Go deeper

• Tamarix Equity Partners invested in Halal Shack, an Albany, N.Y.-based operator of fast casual restaurants on college campuses. Go deeper

• The Expo Group, a New State Capital Partners portfolio company, acquired Toddstreet, an NYC-based creative experiential agency. Go deeper

🌍 Vanguard Renewables, owned by BlackRock, agreed to acquire Generate Upcycle's North American operations, forming a food waste-to-renewable natural gas platform. Go deeper

⚡ Verdane invested in Xpansiv, an NYC-based provider of registries, marketplaces, and data for energy transition markets. Go deeper

• Verdence, a Hunt Valley, Md.-based wealth advisor backed by Wealth Partners Capital Group, acquired Harvest Investment Consultants, an RIA with $564m in AUM. Go deeper

🚑 Veridian Healthcare, backed by HealthEdge Investment Partners and United Western Group, acquired the ScarScience brand from Mitchell-Vance. Go deeper

• WSB, a GHK Capital Partners portfolio company, acquired Poly, a Dothan, Ala.-based architecture and engineering firm. Go deeper

• Amsted Industries, a Chicago-based portfolio company of Monomyth Group, is seeking to sell cooling system provider Baltimore Aircoil, which could fetch more than $6b, per Bloomberg. Go deeper

🍕 Bain Capital and Cyrus Capital Partners hired Rothschild to find a buyer for PizzaExpress, a U.K. chain that could fetch around £500m, per the FT. Go deeper

• EQT is weighing a sale of Indesso, an Indonesian ingredients maker that could fetch up to $1b, per Bloomberg. Go deeper

• Gamut Capital Management and British Columbia Investment Management are prepping a sale of PS Logistics, America's largest privately held flatbed trucking carrier, per Axios Pro. Go deeper

• GTCR and Reverence Capital Partners are seeking to sell Charlotte, N.C.-based Allspring Global Investments, which they bought from Wells Fargo in 2021, for around $4b, per the FT. Go deeper

• Hellman & Friedman hired JPMorgan and Goldman Sachs to sell Applied Systems, a Chicago-based insurance software provider that could fetch up to $10b, per Reuters. Go deeper

• IBM (NYSE: IBM) agreed to acquire Logiq, a U.K. cybersecurity consultancy whose backers include Phoenix Equity Partners. Go deeper

• Legend Holdings of China is seeking to sell Luxembourg's oldest bank, Banque Internationale À Luxembourg, at a €2.5b valuation, per the FT. Go deeper

• Lone Star Funds is weighing options for Italian coffee machine maker Evoca, including a sale or handover to creditors, per Bloomberg. Go deeper

⚡ Oaktree sold COL Group, an Italian power transmission and distribution specialist, to Eaton (NYSE: ETN) for €810m. Go deeper

• Systematic Growth is seeking to sell Swedish health supplements maker Wellma for more than €1b, per Bloomberg. Go deeper

🚑 Bayer agreed to sell the rights to cancer drug Stivarga to Germany's Gruenenthal for up to €375m. Go deeper

⚡ Genel Energy (LSE: GENL) sweetened its takeover bid for Capricorn Energy (LSE: CNE) to around $436m, topping Capricorn's agreement with Norwegian oil firm DNO. Go deeper

• Genentech is paying Earendil Labs $55m upfront and up to a total of $1.5b to discover and develop cancer therapies. Earendil this year raised nearly $800m from Dimension Capital, DST Global, INCE Capital, Luminous Ventures, Miracle Capital, Sanofi, and the Biotech Development Fund. Go deeper

• Jana Partners called on Six Flags (NYSE: FUN) to explore a sale, per the WSJ. Go deeper

• MGM Resorts (NYSE: MGM) is weighing a bid to buy Barry Diller's People Inc., which just Go deeper for MGM (yes, this would be boomerang M&A), per the WSJ. People Inc. owns media properties and also a 27% stake in MGM, where Diller is a director. Go deeper

• MSC is in talks to acquire an 80% stake in German cruise ship builder Meyer Werft from the German government, per Bloomberg. Go deeper

• Novo Nordisk (NYSE: NVO) is paying Stockholm-listed Nanexa up to $1.3b to license and develop a drug delivery tech that could cut the frequency of GLP-1 injections. Go deeper

• Pollen Street (LSE: POLN), a U.K. private equity firm, said it's exploring strategic options that could include a take-private transaction. Go deeper

• Royal Caribbean Group (NYSE: RCL) agreed to acquire a 50% stake in Sandals Resorts International for $3b. Go deeper

• Schneider Electric (Paris: SU) agreed to acquire listed Bulgarian smart device maker Shelly Group for €1.2b. Go deeper

• Starboard Value is asking construction products firm Knife River (NYSE: KNF) to explore a sale, per the WSJ. It has around a $3b market cap. Go deeper

• Telefónica (Madrid: TEF) is seeking to sell its Venezuelan unit, per Bloomberg. Go deeper

🚑 Telix Pharmaceuticals (ASX: TLX) agreed to acquire Germany-based radiopharmaceutical biotech ITM Isotope Technologies Munich ​for $1.65b upfront and $700m of possible earnouts. Go deeper

🐶 The Farmer's Dog, valued by VCs at $2.7b in 2022, completed its acquisition of Woof, a Denver-based provider of pet enrichment and wellness products. Go deeper

• Titan (NYSE: TWI) agreed to sell its undercarriage business to Italy's USCO for $207m upfront, plus a $6m earnout. Go deeper

• Upwind Security, valued by VCs at $3.8b, acquired Aegis, an Israeli cybersecurity startup focused on AI-generated attacks, per Axios Pro. The deal was valued at between $25m-$50m in stock. Go deeper

• Weil Gotshal & Manges is weighing a merger, as the law firm has been hit by a raft of key departures, per Bloomberg. Go deeper

• WSP Global (TSX: WSP) ended its pursuit of Arcadis, a listed Dutch engineering and consulting group that has rejected two unsolicited approaches. Go deeper

• Blackstone shelved a $3b collateralized fund obligation effort for one of its older PE secondaries funds, per Bloomberg. Go deeper

• Schroders Capital raised $1.3b for its fourth PE co-investment fund. Go deeper

• Sundance Growth raised $250m for its second fund. Go deeper

• Matthew Rosedale joined Moelis as a London-based managing director of financial sponsors. He previously was with Jefferies. Go deeper

• Simon Lyons joined Goldman Sachs as co-head of U.K. investment banking, per Reuters. He previously was with Ardea Partners. Go deeper

• Suzanne Flannery joined Grafine Partners as a managing director and head of strategic initiatives. She previously was at Neuberger Berman. Go deeper

• Tucker Laurens joined Harris Williams as a managing director of financial sponsors. He previously was with Solomon 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>• 73 Strings, an NYC-based financial software company backed by Goldman Sachs and Blackstone, acquired Callisto, a Paris-based financial automation platform. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://link.axios.com/click/47655768.219174/aHR0cHM6Ly9heGlvcy5saW5rLzR5V1h0S0g/681b2cf40c2d22e03a086242Bafecbffc" data-vars-content-id="2e834efb-f9b6-4e20-9162-d20cbf04bad8" 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/47655768.219174/aHR0cHM6Ly9heGlvcy5saW5rLzR5V1h0S0g/681b2cf40c2d22e03a086242Bafecbffc" target="_self">Go deeper</a>• Adlib Software, a Diversis Capital portfolio company, agreed to acquire Paperbox, a Belgian agentic AI insurance platform. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://link.axios.com/click/47603286.176891/aHR0cHM6Ly9heGlvcy5saW5rLzRqaFB2cVo/681b2cf40c2d22e03a086242Bb2ac2fa2" data-vars-content-id="2e834efb-f9b6-4e20-9162-d20cbf04bad8" 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/47603286.176891/aHR0cHM6Ly9heGlvcy5saW5rLzRqaFB2cVo/681b2cf40c2d22e03a086242Bb2ac2fa2" target="_self">Go deeper</a>

M&A deals of the week

Private Equity Buys

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