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• AGS American Glass Services, a portfolio company of The Sterling Group, acquired Mark Industries, an Elgin, Ill.-based commercial glazing contractor. Go deeper

⚡️ Algebris Investments acquired Spanish renewable energy consultancy Vector Renewables from Nadara. Go deeper

• Analysys Mason, backed by Bridgepoint, acquired Modulai, a Swedish AI consultancy. Go deeper

• Antin Infrastructure Partners acquired a majority stake in HP Helicopters, a Redlands, Calif.-based maker of specialty helicopters. Go deeper

• Apax Partners is in talks to buy Warburg Pincus out of its stake in Dutch telco Odido, which would get around a €6.5b enterprise value, per the FT. Go deeper

• ArcLight Capital Partners acquired a 50% stake in IATP, a portfolio of 11 North American power infrastructure assets, from InfraBridge, a unit of DigitalBridge Group (NYSE: DBRG). Invenergy retains the other 50%. Go deeper

• Authentic Brands Group has approached Barbie maker Mattel (NYSE: MAT) about a $6b takeover, per the WSJ. Authentic Brands shareholders include CVC Capital Partners, General Atlantic, HPS Investment Partners, and Leonard Green & Partners. Go deeper

• Bain Capital is exploring an investment in troubled Hong Kong property company New World Development (HK: 17), per Bloomberg. Go deeper

• Banner Capital formed a medical device manufacturing services platform called Seaway Group, via the acquisitions of Seaway Plastics Engineering, MME Group, and Wright Engineered Plastics. Go deeper

• Blackstone launched Falcata, a defense technology company formed through the acquisitions of TSC and Applied Systems Engineering, committing more than $1b in debt and equity. Go deeper

• Blue Sage Capital invested in Clean Team, a Toledo, Ohio-based janitorial services firm. Go deeper

• Coalesce Capital invested in ClearDefense, a provider of residential pest control services in the Southeast. Go deeper

• CVC, Blackstone, and BAE Systems (LSE: BAES) are among those exploring an offer for Robin Radar Systems, a Dutch group backed by Parcom that could fetch around $2.2b, per Reuters. Go deeper

• CVC Capital Partners said it won't make a new offer for British heat treatment firm Bodycote (LSE: BOY), clearing the path for Veritas Capital's £1.85b agreement. Go deeper

• Diversis Capital acquired Tideworks Technology, a provider of terminal operating systems for marine and intermodal rail terminal operations, from Blackstone portfolio company Carrix. Go deeper

• Door & Window Guard Systems, owned by The Riverside Co., acquired Empty Building Security, an East Orange, N.J.-based installer and renter of steel door and window security panels. Go deeper

• EMS, a Wynnchurch Capital portfolio company, acquired AMD Supply, a Deerfield Beach, Fla.-based distributor of fencing, hurricane shutters, and aluminum products. Go deeper

• Fusion Capital Partners acquired Pioneer Power Group, a Rockville, Md.-based electrical power systems study company. Go deeper

• Greenbriar Equity Group is in talks to buy Spectrum Control, a Fairview, Pa.-based maker of radio frequency and microwave parts, from AEA Investors for more than $1.8b, per Bloomberg. Go deeper

• GTCR acquired Tactacam, a Decorah, Iowa-based maker of cellular-connected cameras for the outdoor and security markets, from Bertram Capital for more than $1b. Go deeper

• KKR completed its $500m purchase of a 51% stake in the global print business of Thomson Reuters (NYSE: TRI). Go deeper

• KKR agreed to acquire a majority stake in Cisternina Logistics Private, an Indian bulk liquid and gas storage and logistics business. Go deeper

• Manna Tree acquired a majority stake in creative agency Zambezi. Go deeper

• Nearly Natural, backed by Centre Partners, acquired Modernized Pottery, a line of 3D-printed, eco-friendly planters and related home décor. Go deeper

• One Equity Partners acquired a majority stake in Myriad360, a West Deptford, N.J.-based systems integrator. Go deeper

• One Equity Partners also completed its purchase of Epic Piping, a Baton Rouge, La.-based pipe fabrication company, from Bernhard Capital Partners. Go deeper

• PrimeSource Brands, backed by Clearlake Capital Group, acquired JACLO, a Cranford, N.J.-based distributor of plumbing products and decorative bath fixtures. Go deeper

• Relation Insurance Services, backed by BayPine, acquired the assets of LaPlaca Insurance, a Chalfont, Pa.-based provider of business insurance, employee benefits, and personal lines. Go deeper

• Roland Foods, backed by Vestar Capital Partners, acquired Dot Foods, a Mt. Sterling, Ill.-based less-than-truckload consolidator for the food industry. Go deeper

• Siris agreed to merge industrial inkjet portfolio company EFI with the digital printing business of Agfa-Gevaert (Brussels: AGFB), with Siris to hold a 60% stake in the combined unit. Separately, Siris is investing for a 19.1% stake in Agfa-Gevaert. Go deeper

• Spectrotel, backed by Charlesbank Capital Partners and Grain Management, completed its acquisition of AireSpring, a Clearwater, Fla.-based provider of connectivity, managed services, and network infrastructure solutions. Go deeper

• Trading Technologies International, owned by Thoma Bravo, acquired Trafix, a Mineola, N.Y.-based provider of trading infrastructure solutions. Go deeper

• TRG, a Gemspring Capital portfolio company, acquired Fentron, a Westerville, Ohio-based cybersecurity and advisory firm. Go deeper

• Warburg Pincus is in talks to buy a "substantial stake" in German tank maker KNDS from a family investor, per Bloomberg. Go deeper

• Warburg Pincus sweetened its takeover bid for Ingenia Communities (ASX: INA), an Australian operator of retirement communities and holiday parks, to US$1.5b. Go deeper

• Warner Pacific, backed by Lovell Minnick Partners, acquired Beere&Purves, a California-based general agency for benefits brokers. Go deeper

• AAR Corp. agreed to acquire a 65% controlling interest in MRO Holdings, a provider of aircraft maintenance, repair, and overhaul, at a $4b enterprise value. Bain Capital backed MRO. Go deeper

• Astorg and Bridgepoint are seeking to sell Fenergo, an Irish fintech that could fetch more than £2b, per Reuters. Go deeper

🚑 Audax Private Equity and Linden Capital Partners sold StatLab, a McKinney, Texas-based maker of consumables and reagents for anatomic pathology labs, to Danaher (NYSE: DHR) subsidiary Leica Biosystems. Go deeper

• Audax Private Equity agreed to sell GCG, a Chicago-based provider of specialty wire and cable, to Rexel (Paris: RXL). Go deeper

• Bain Capital is investing $250m in Kahua, a construction tech firm, valuing it at $1b, per Bloomberg. Go deeper

🚑 Carisk Partners acquired FirstCare Onsite, a Maitland, Fla.-based provider of onsite occupational healthcare services. Go deeper

• CertifID, a VC-backed real estate fraud prevention platform, acquired Closinglock, an Austin, Texas-based escrow management platform for real estate that had raised around $50m from firms like Live Oak Ventures, Headline, RWT Horizon, and Sageview Capital. Go deeper

• EQT reportedly hired JPMorgan to find a buyer for its control stake in Spanish theme park operator Parques Reunidos, valued at around €1.7b. Go deeper

• Fifth Ocean Capital and Tartan Investment Partners invested in Complete Production Resources, an Orlando, Fla.-based live event production and equipment rental provider. Go deeper

• Finalsite, backed by Veritas Capital, acquired Revtrak, a school payments provider. Go deeper

• Gladstone Investment invested additional equity and debt in Detroit Defense, for its merger with Athenix Solutions Group, a Fulton, Md.-based defense contractor. Go deeper

• H.I.G. Capital completed its acquisition of Torque, a U.K.-based omni-channel fulfillment services company. Go deeper

• H.I.G. Capital sold Pinalli, an Italian beauty retailer, to Borletti Group. Go deeper

• IDEXX Laboratories (Nasdaq: IDXX) acquired CoVetAI, a Canadian provider of ambient listening and clinical workflow software for veterinary practices. Sellers include Chicago Pacific Founders. Go deeper

• Incline Equity Partners invested in The Conrad Company, a York, Pa.-based distributor and service provider of fluid power, motion control, automation and related industrial products. Go deeper

• Kone will seek to sell most of TK Elevator's European business to address antitrust concerns over its €29.4b purchase of TK from Advent International, per Reuters. Go deeper

• Liberty Mutual Investments and Thayer Street Partners invested in SunHaven Management, a NYC-based community association management platform. Go deeper

• Luminate Capital Partners invested in ITpipes, pipe inspection software for sewer and stormwater systems. Go deeper

• NetApp (Nasdaq: NTAP) agreed to acquire Peak A10, a U.K. metadata architecture and parallel file system provider, from Pembroke. Go deeper

• OAI Holdings acquired Omni Air International, a provider of customized charter services for commercial and government customers, from Air Transport Services Group, a portfolio company of Stonepeak. Go deeper

• Pritzker Private Capital is weighing a sale of Energy Distribution Partners, a propane distributor that could fetch more than $1b, per Bloomberg. Go deeper

• RedLattice, a cyber defense-tech company owned by AE Industrial Partners, agreed to a reverse merger with Bold Eagle Acquisition Corp. (Nasdaq: BEAG) at an implied $1.25b valuation (including debt). Go deeper

• Salesforce (NYSE: CRM) agreed to buy Listen Labs, an SF-based customer research and human simulation platform, for a reported $2b. Listen Labs had raised over $100m from Ribbit Capital, Sequoia Capital, Conviction, and Pear VC. Go deeper

• The Riverside Company invested in Medical Group, a French contract development and manufacturing organization. Go deeper

• TJP, a portfolio company of Renovus Capital Partners, acquired Evolution Consulting & Research, a life sciences market research organization. Go deeper

• Transurban Group (ASX: TCL) agreed to buy a portfolio of Australian toll road assets from Canada Pension Plan Investment Board for A$4.5b. Go deeper

• Valley National Bancorp (NASDAQ: VLY) agreed to acquire Bluevine, a New Jersey-based digital banking platform for small businesses, for $340m (75% cash and 25% stock). Lightspeed Venture Partners, Menlo Ventures, 83North, and Citi Ventures back Bluevine. Go deeper

• Vortex Companies, a trenchless water and sewer infrastructure rehab company backed by Quad-C Management and Vellano, bought Municipal & Contractors Sealing, a Cincinnati-based trenchless services provider. Go deeper

• Webster Equity Partners plans to acquire Lifecore Biomedical, a Chaska, Minn.-based injectable-grade hyaluronic acid manufacturer, in a take-private deal valued at $663.7m. Go deeper

• Yext (NYSE: YEXT) agreed to acquire Flamel, a platform for brands to run localized paid campaigns. Flamel backers include Cintrifuse Capital, Keyhorse Capital, Allos Ventures, Dundee Venture Capital, and Elevate Ventures. Go deeper

• Ampol (ASX: ALD) acquired Australian EV charging network Evie for A$225m. Go deeper

• BASF (ETR: BAS) said it's in early talks to buy Evonik (ETR: EVK), a rival German specialty chemicals company with around an €8.4b market cap. Go deeper

• Deutsche Lufthansa and Air France-KLM submitted sweetened final bids for a stake in Portuguese airline TAP, per Bloomberg. Go deeper

• Evonik (ETR: EVK), a German specialty chemicals company, rejected a €10.3b takeover offer from BASF (ETR: BAS). Go deeper

⚡ Geely (HK: 175) agreed to buy a 30% stake in the battery-swapping unit of rival Chinese automaker Nio (HK: 9866), valuing the business at around $2.4b. Go deeper

• Grindr (NYSE: GRND) agreed to acquire the parent company of Freddie, a telehealth provider of PrEP and HIV prevention care, for $250m in upfront cash and up to $70m in earnouts. Freddie backers include True North Fund, BDC Capital, and Panache Ventures. Go deeper

• Lynas Rare Earths (ASX: LYC) agreed to buy Meteoric Resources (ASX: MEI) for A$968m in stock. Go deeper

• Madison Square Garden Sports (NYSE: MSGS) plans to split the NY Knicks and NY Rangers into a pair of independent, publicly traded companies. Go deeper

• Mark43, a public safety startup valued by VCs at $1b, acquired ForceMetrics, a Denver-based decision-assist platform that raised $25m from backers like Costanoa, Stand Together Ventures, GovTech, George Lucas, and Mellody Hobson. Go deeper

• Nebius (Nasdaq: NBIS) acquired Inferize, an Israeli inference optimization startup. Go deeper

• Northern Star Resources (ASX: NST) rejected a US$27.2b takeover offer from South African gold miner Gold Fields (JSE: GFI). Go deeper

• Novo, fka Novo Nordisk, agreed to pay up to $2.6b to license an early-stage obesity pill from China's Hengrui Pharma, including $300m upfront. Go deeper

• Nubank (NYSE: NU) of Brazil is in talks to buy U.K. challenger bank Monzo for between £8b-£10b, per Sky News. Go deeper

• Nubank (NYSE: NU) of Brazil ended talks to buy U.K. challenger bank Monzo, which now may court private equity, per the FT. Go deeper

• Nuveen completed its £9.9b all-cash acquisition of Schroders. Go deeper

• ON Semiconductor (Nasdaq: ON) now plans to acquire Synaptics (Nasdaq: SYNA) for around $5.7b in cash, downsized from a prior $7b all-stock agreement. Go deeper

• Pophouse Entertainment acquired a 50% stake in Sia's publishing and master music rights for $180m. Go deeper

⚡ Saudi Aramco hired Evercore to restructure its gas unit, which would become a standalone unit that either could go public or secure outside investment at a valuation north of $100b, per Bloomberg. Go deeper

• Slate Grocery REIT (TSX: SGR) agreed to be acquired for US$2.3b by a joint venture between Brixmor Property Group and Everview Partners. Go deeper

• Apax Partners will target €12b for its 12th flagship fund, per the WSJ. Go deeper

• Ares Management raised $4.2b for a new PE secondaries strategies fund. Go deeper

• Investcorp raised $1.22b for its second North American PE fund. Go deeper

• Stride Consumer Partners of Boston raised $550m for its second fund. Go deeper

• Temasek acquired a 9% minority stake in Italian private equity firm FSI. Go deeper

• TPG raised $10b for a second climate-focused PE fund, per Bloomberg. Go deeper

🚑 Amy Chen joined merchant bank Eden Global Partners as managing director of health care. She previously was with Moelis & Co. Go deeper

• Chris McMillan joined Houlihan Lokey as a managing director in its FinTech Group. He previously headed blockchain and internet investment banking at Credit Suisse. Go deeper

• Dan Connolly was named head of technology & services investment banking at Raymond James. He was previously at William Blair. Go deeper

M&A deals of the week

Illustration of a woman flexing her bicep featuring a dollar sign tattoo

<h2 class="text-h6 !font-sans !font-normal !leading-[1.2em]">Private Equity Buys</h2>• AGS American Glass Services, a portfolio company of The Sterling Group, acquired Mark Industries, an Elgin, Ill.-based commercial glazing contractor. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://link.axios.com/click/47746775.186543/aHR0cHM6Ly9heGlvcy5saW5rLzQ2VVNmbVU/681b2cf40c2d22e03a086242B998a702b" data-vars-content-id="79f1c3b7-566b-4181-b107-c2856a687e51" 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/47746775.186543/aHR0cHM6Ly9heGlvcy5saW5rLzQ2VVNmbVU/681b2cf40c2d22e03a086242B998a702b" target="_self">Go deeper</a>⚡️ Algebris Investments acquired Spanish renewable energy consultancy Vector Renewables from Nadara. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://link.axios.com/click/47746775.186543/aHR0cHM6Ly9heGlvcy5saW5rLzRpUzNnd3k/681b2cf40c2d22e03a086242Ba841239f" data-vars-content-id="79f1c3b7-566b-4181-b107-c2856a687e51" 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/47746775.186543/aHR0cHM6Ly9heGlvcy5saW5rLzRpUzNnd3k/681b2cf40c2d22e03a086242Ba841239f" target="_self">Go deeper</a>

M&A deals of the week

Private Equity Buys

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