M&A news archive: page 22 of 31
Every deal story we have published, newest first, with value and status. Updated every morning.
- Shizuoka Financial Group and Bank of Nagoya agree to integrateA regional banking leader from Shizuoka pairs with an Aichi lender whose branches barely overlap, aiming for the top tier of Japan's regional banks.
- Henkel agrees US$1.4bn deal for OlaplexThe German consumer group buys the bond-repair hair-care brand at a fraction of its 2021 listing value, giving Advent a full exit.
- KITZ agrees ¥9.2bn purchase of V TEX from KanadeviaJapan's biggest valve maker adds a semiconductor vacuum-valve business as chip-equipment makers seek a second source of supply.
- Kustom agrees up to NOK490m deal for Vipps MobilePay CheckoutThe Swedish checkout specialist takes over more than 3,000 merchants and becomes the recommended checkout partner of the Nordic mobile wallet.
- Corebridge and Equitable agree US$22bn all-stock mergerThe two US retirement specialists are combining as near-equals, with the merged group keeping the Equitable name and moving its headquarters to Houston.
- Merck agrees US$6.7bn deal for Terns PharmaceuticalsThe all-cash takeover hands Merck an oral leukaemia candidate as it looks to broaden its oncology pipeline ahead of Keytruda's patent expiry.
- Brookfield and La Caisse take Boralex private in C$9bn dealQuébec's largest independent renewables producer swaps the TSX for two deep-pocketed owners as it enters a capital-hungry growth phase.
- Taiheiyo Cement agrees ¥37bn purchase of Tokuyama cement sales armThe cement major picks up a rival's domestic customer base as the Tokuyama chemicals group sells its cement sales operations.
- LY Corporation takes control of Kakao GamesKakao sheds a shrinking gaming affiliate to focus on AI, while the Japanese messaging group gains a game developer and publisher for its home market.
- Bending Spoons agrees to buy pet tracker maker TractiveThe Milan-based software acquirer moves into connected devices with Austria's bootstrapped leader in pet GPS collars.
- Clearlake buys grid services firm Qualus from New MountainAnother buyout firm bets on the spending needed to modernise America's ageing power network.
- Skylark agrees ¥11bn deal for Shinpachi Shokudo chainJapan's family-restaurant operator adds a low-price, small-footprint grilled-fish brand to push into city-centre and station locations.
- Home Depot's SRS agrees deal for HVAC distributor Mingledorff'sThe acquisition gives Home Depot's specialty trade arm a foothold in heating and cooling distribution, a market it puts at about $100bn.
- Apollo agrees $3.7bn deal for Nippon Sheet GlassApollo's biggest private equity bet in Japan pairs fresh equity with a lender debt-for-equity swap to repair the glassmaker's balance sheet.
- Gilead agrees US$1.7bn deal for Ouro MedicinesGilead splits the cost of its first T cell engager with long-time partner Galapagos, which takes on Ouro's staff and early trials.
- Danone agrees to buy HuelThe French food group adds a fast-growing British direct-to-consumer brand to push into the complete nutrition category.
- Primary Wave agrees to buy KobaltThe independent US publisher takes over one of the music industry's biggest rights administrators, giving Francisco Partners an exit four years after it bought control.
- Airbus agrees to buy Ultra Cyber from Advent's Cobham UltraThe European aerospace group combines a Maidenhead cyber unit with its Newport operations to build a UK sovereign cyber business.
- Poste Italiane bids €10.8bn for control of Telecom ItaliaThe state-controlled postal and financial group moves from a 20% holding to outright control of Italy's former telephone monopoly.
- Zijin Gold agrees RMB18.3bn deal for control of Chifeng GoldChina's largest gold miner adds a listed rival with mines in China, Southeast Asia and West Africa, buying out the founding shareholder and injecting fresh equity.
- Novartis agrees US$2bn deal for Synnovation's PI3Kα unitNovartis pays up to US$3bn for a mutant-selective breast cancer drug designed to avoid the side effects that limit its own Piqray.
- Apollo takes 49% of $1bn Realty Income retail portfolio ventureThe structured equity deal gives the net lease REIT cheaper funding and Apollo's insurance capital a long-dated real estate yield.
- Collegium agrees US$650m deal for ADHD drug AZSTARYSThe pain specialist doubles down on attention disorders, adding a second branded ADHD medicine with patents running to 2037.
- Nippon TV agrees ¥37bn buyout of production group KANAMELThe broadcaster brings in-house the commercial and film producer it took a 22% stake in last year, aiming to create more intellectual property for global audiences.
- Mercer agrees to buy Spain's AltamarCAMThe Marsh-owned investment consultant adds a €20bn private markets specialist as institutions push deeper into secondaries and evergreen funds.
- KKR commits up to $310m to Indian e-bus platform AllfleetThe buyout firm's climate fund makes its first Indian bet on electrifying public transport.
- Mastercard agrees up to US$1.8bn deal for BVNKThe card network buys a London start-up that lets banks and fintechs send, hold and convert stablecoins, months after Coinbase walked away from talks.
- Strides buys Sandoz branded generics in Sub-Saharan AfricaThe Bengaluru drugmaker more than doubles its African footprint with established anti-infective, cardiovascular and skin brands.
- Public Storage agrees US$10.5bn deal for National Storage AffiliatesThe largest US self-storage owner is absorbing a rival in an all-share deal, parking part of the portfolio in a joint venture with NSA's unitholders.
- Amplifon agrees €2.3bn deal for GN HearingThe Milan-listed retailer of hearing aids becomes a manufacturer too, while GN refocuses on Jabra headsets and video peripherals.
