Mergers & Acquisitions

Public

• Knorr-Bremse AG, the global leader for train braking systems and provider of other rail and commercial vehicle systems, in its approximately €630 million acquisition of the North American conventional rail signaling business of Alstom.
• ANI Pharmaceuticals, a diversified biopharmaceutical company, in its $381 million acquisition of global pharmaceutical company Alimera Sciences.
• Cyclerion Therapeutics, a clinical-stage biopharmaceutical company, in the company’s sale of the rights to two drugs to a newly formed company, Tisento Therapeutics, in exchange for cash and shares in Tisento.
• CBS, a commercial television and radio network, in its $30 billion merger with Viacom in an all-stock deal.
• Patrick Drahi, a media entrepreneur and art collector, in his $3.7 billion acquisition of Sotheby’s, an auction house, and subsequent $1 billion investment round in Sotheby’s holding company led by Abu Dhabi-based investment company ADQ.
• Grab Holdings, Southeast Asia’s leading super app, in the acquisition of Uber Technologies Inc.’s business in nine countries in the region.
• CF Finance Acquisition Corp., a special purpose acquisition company sponsored by investment firm Cantor Fitzgerald, in its merger with GCM Grosvenor, an alternative asset management firm.
• CF Finance Acquisition Corp. II, a special purpose acquisition company sponsored by investment firm Cantor Fitzgerald, in its merger with View, a smart window company, which took the company public.
• CF Finance Acquisition Corp. III, a SPAC sponsored by Cantor Fitzgerald, in its merger with AEye that took the lidar sensor maker public.
• CF Acquisition Corp. VI, a SPAC sponsored by Cantor Fitzgerald, in its $2.1 billion merger with Rumble Inc. that took the Canadian neutral video platform public.
• CF Acquisition Corp. VIII, a SPAC sponsored by Cantor Fitzgerald, in its merger with XBP Europe, Inc., the European business of Exela Technologies Inc., that created Nasdaq-listed XBP Europe Holdings, Inc.
• Cantor Equity Partners II, a SPAC sponsored by an affiliate of Cantor Fitzgerald, in its pending merger with tokenization platform Securitize, Inc. that would take the company public in a transaction valuing Securitize at a $1.25 billion pre-money equity value.
• Kensington Acquisition Corp., a special purpose acquisition company, in its $3.3 billion merger with QuantumScape, an electric vehicle battery supplier backed by Volkswagen Group.
• Kensington Capital Acquisition Corp. IV, a SPAC sponsored by Kensington Capital Partners, in its $939 million merger with Amprius Technologies, Inc. that took the nanowire battery company public.
• Kensington Capital Acquisition Corp. II, a SPAC sponsored by Kensington Capital Partners, in its merger with Wallbox Chargers SL that took the Spanish electric-vehicle charger maker public.
• Isos Acquisition Corp., a SPAC, in its merger with Bowlero that took the world’s largest owner and operator of bowling centers public.
• Starboard Value in a merger between the activist investor’s SPAC and Cyxtera Technologies Inc. that took the data center provider public.
• Platinum Equity, a private equity firm, in its: 
  • strategic partnership with Nesco Holding for the rental equipment provider's pending acquisition of heavy equipment solutions provider Custom Truck One Source for $1.475 billion; and 
  • $1.9 billion acquisition of Wesco Aircraft Holdings, an aerospace supply chain management service provider.

Private

• PRISM, an India-based hospitality company, in its $525 million acquisition of G6 Hospitality, the parent company of iconic U.S. hospitality brand Motel 6.
• Rheinmetall AG, a German technology group for mobility and security, in its $950 million acquisition of Loc Performance Products.
• Standard Motor Products, a leading automotive parts manufacturer and distributor, in its $388 million acquisition of Nissens Automotive, an EU manufacturer and distributor of aftermarket automotive parts.
• Geller & Company, a strategic financial and advisory firm, in the sale of its multi-family office business to Corient, one of the fastest-growing national wealth advisors in the US.
• HPS Investment Partners, global credit investment manager and BlackRock subsidiary, in the $180 million leveraged carve-out acquisition by HPS’ portfolio company PEAC Solutions of the specialty financing business of ePlus.
• Develey Senf & Feinkost, a Munich-based condiment producer, in the sale of its large production facility in Dyersburg, TN, to Chicago-based global food ingredients manufacturer Newly Weds Foods.
• Hyve Group Limited, an international organizer of exhibitions and conferences, in the acquisition of HLTH and Vive, a digital health technology event.
• Aurelius Group, a private equity firm, in its acquisition of HAECO Cabin Solutions from Swire Pacific Holdings, a publicly traded Hong Kong company, in a turnaround deal.
• Bloomsbury Publishing in its carve-out acquisition of the academic imprints and associated titles of Rowman & Littlefield, a respected independent book publisher in the US academic market.
• JOST, a leading global manufacturer of modules and components for commercial vehicles, in its acquisition of Crenlo do Brasil Engenharia de Cabines from Angeles Equity Partners.
• Advance Publications and its portfolio company 1010data, a leading provider of enterprise analytics, in the sale of 1010data to SymphonyAI.
• Condé Nast, a mass media company, in its: 
  • sale of Golf Digest, a leading golf media brand, to Discovery Inc.;
  • sale of Brides Magazine, a leading wedding and bridal brand, to Dotdash; and
  • sale of W Magazine, a fashion magazine, to Future Media Group.
• Madison Square Garden, a live sport and entertainment company in its:
  • sale of the WNBA team New York Liberty to an investment group led by Joe Tsai, the co-founder and executive vice chairman of e-commerce and technology company, Alibaba Group;
  • acquisition of TAO Group, a restaurant and nightclub operator;
  • acquisition of a controlling interest in Boston Calling Events, the company that produces, organizes and manages the Boston Calling music festival;
  • acquisition of a majority stake in Counter Logic Gaming, the owner and manager of several leading e-sports teams and a corresponding branding and marketing partnership; and
  • acquisition of a 50 percent stake in Tribeca Enterprises, the company that owns and operates the acclaimed Tribeca Film Festival and other businesses.
• Stanadyne and Pure Power on their Section 363 asset sale to S-PPT Acquisition Company, an entity formed by Cerberus.
• DASI, a leading global aircraft inventory support provider, in the sale of 50% of the outstanding ownership of DASI, LLC to Marubeni Corporation.
• AMC Networks in its acquisition of Sentai Holdings, a global supplier of anime content and official merchandise.

• Zoetis, an animal health company, in its acquisition of Platinum Performance, a nutrition-focused animal health business offering premium nutritional product formulas for horses, dogs and cats.
• JD Sports Fashion, a British sports and fashion retailer, in its acquisition of Shoe Palace and Nice Kicks, U.S.-based athletic shoe retailers.
• Millarworld, a comic book publisher, in its sale to Netflix, the first-ever acquisition for the global streaming giant.
• Sony Music Entertainment, a music conglomerate, in its:
  • sale of The Orchard Film Group to 1091 Media, an investment group affiliated with Dimensional Associates, the private equity arm of JDS Capital Management; and
  • acquisition of the music merchandising business of Araca Group, a theatrical production company.
• Daimler Trucks and Buses Holdings, a heavy-duty truck manufacturer and subsidiary of Daimler AG, in its acquisition of a majority stake in Torc Robotics, a self-driving autonomous vehicle software and driverless car systems company.
• Orient Overseas International, a shipping line, in its $1.78 billion sale of the Long Beach Container Terminal in Southern California, one of the nation’s busiest port terminals, to a consortium led by Macquarie Group.
• Turnitin, a provider of academic integrity and assessment solutions, in its acquisition of ExamSoft, a software-based assessment platform.
• Bluestar Alliance, a brand management firm, in its acquisition of Hurley International from Nike.
• The shareholders of BAC Florida Bank in the sale of the Coral Gables-based bank to Banco Bradesco.
• Banco Davivienda in its $801 million acquisition of HSBC’s retail operations in Costa Rica, Honduras and El Salvador.
• Cartamundi, a playing card and board game manufacturer, in its acquisition of the United States Playing Card Company, a producer and distributor of playing cards, from Newell Brands.
• Cenveo Worldwide, a commercial printing solutions provider, in the sale of its long-run labels and receipt paper assets to Iconex, an office products manufacturer, and (ii) its Custom Labels Group to label company Brook + Whittle.
• Chiltern International, a contract research organization, in its $1.2 billion sale to diagnostics company Laboratory Corp. of America Holdings.
• GB Auto Service, a tire retail and automotive services chain and portfolio company of Greenbriar Equity Group, in multiple acquisitions of auto repair service companies in the southwest United States.
• Greenbriar Equity Group, a private equity firm, in its:
  • acquisition of JEGS High Performance, a Delaware, Ohio-based distributor of automotive aftermarket parts and accessories;
  • formation of GB Auto Service, a tire retail and automotive services chain, and numerous related “platform” acquisitions and subsequent add-on acquisitions of auto repair services companies in the southwest United States, followed by its rebranding as Sun Auto Tire & Service and majority sale to Leonard Green & Partners;
  • sale of portfolio company Spireon to Texas-based multinational technology company Solera;
  • acquisition of Nordco, a railroad maintenance equipment and services company, from the private equity arm of the Ontario Municipal Employees Retirement System, and its subsequent sale to Wabtec Corp., a global railroad equipment manufacturer;
  • acquisition of delivery company FragilePAK; and
  • acquisition of PetroChoice, a distributor of commercial, industrial and passenger vehicle lubricants, from KRG Capital Management, subsequent acquisitions by PetroChoice, and its sale to an entity controlled by Golden Gate Capital.
• Infosys, an IT consulting and outsourcing services provider, in its acquisitions of:
  • MRE Consulting, a Houston-based energy consulting company;
  • Blue Acorn iCi, a digital services and consulting agency;
  • Kaleidoscope Innovation, a product design and development company; and
  • Simplus, a Salesforce quote-to-cash provider.
• Roberta Lipson, the founder and CEO of United Family Healthcare, a private hospital operator, in the $1.44 billion sale of the company to New Frontier Corporation.
• An investment group led by Smithfield Group and Kensington Capital Partners in the acquisition of Pure Power Technologies, Inc., a supplier of fuel-injection systems, from Navistar, Inc., and the subsequent sale of Pure Power to Stanadyne LLC, a supplier of fuel management systems.
• Wipro, an information technology, consulting and outsourcing firm, in its acquisitions of:
  • Harman Connected Services, the digital transformation solutions (DTS) arm of Samsung subsidiary Harman International;
  • Applied Value Technologies, an IT services consulting firm;
  • Aggne Global, a provider of optimization software to insurance companies, and its India-based affiliate Aggne Global IT Services;
  • Rizing, an award-winning systems, applications and product company;
  • Edgile, a cybersecurity consulting provider;
  • Convergence Acceleration Solutions (CAS Group), a consulting and program management company;
  • Capco, a UK tech consultancy;
  • Eximius Design, an engineering services company;
  • Rational Interaction, a full-service digital customer experience company; and
  • International TechneGroup, a digital engineering and manufacturing solutions company.

Private

• Public

• Flushing Financial Corp., the holding company for Flushing Bank, in its pending $579 million merger with OceanFirst Financial Corp., the holding company for OceanFirst Bank.

• Cantor Equity Partners II, a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald, in its pending merger with tokenization platform Securitize, Inc. that would take the company public in a transaction valuing Securitize at a $1.25 billion pre-money equity value.

• Wipro, a global information technology, consulting and outsourcing firm, in its $375 million acquisition of Harman Connected Services, the digital transformation solutions (DTS) arm of Samsung subsidiary Harman International.

• Knorr-Bremse AG, the global leader for train braking systems and provider of other rail and commercial vehicle systems, in its approximately €630 million acquisition of the North American conventional rail signaling business of Alstom.

• ANI Pharmaceuticals, a diversified biopharmaceutical company, in its $381 million acquisition of global pharmaceutical company Alimera Sciences.

• Cyclerion Therapeutics, a clinical-stage biopharmaceutical company, in the company’s sale of the rights to two drugs to a newly formed company, Tisento Therapeutics, in exchange for cash and shares in Tisento.

• CBS, a commercial television and radio network, in its $30 billion merger with Viacom in an all-stock deal.

• Patrick Drahi, a media entrepreneur and art collector, in his $3.7 billion acquisition of Sotheby’s, an auction house, and subsequent $1 billion investment round in Sotheby’s holding company led by Abu Dhabi-based investment company ADQ.

• Grab Holdings, Southeast Asia’s leading super app, in the acquisition of Uber Technologies Inc.’s business in nine countries in the region.

• CF Acquisition Corp. VIII, a SPAC sponsored by Cantor Fitzgerald, in its merger with XBP Europe, Inc., the European business of Exela Technologies Inc., that created Nasdaq-listed XBP Europe Holdings, Inc.

• CF Acquisition Corp. VI, a SPAC sponsored by Cantor Fitzgerald, in its $2.1 billion merger with Rumble Inc. that took the Canadian neutral video platform public.

• CF Finance Acquisition Corp. III, a SPAC sponsored by Cantor Fitzgerald, in its merger with AEye that took the lidar sensor maker public.

• CF Finance Acquisition Corp. II, a SPAC sponsored by investment firm Cantor Fitzgerald, in its merger with View, a smart window company, which took the company public.

• CF Finance Acquisition Corp., a SPAC sponsored by investment firm Cantor Fitzgerald, in its merger with GCM Grosvenor, an alternative asset management firm.

• Kensington Acquisition Corp., SPAC sponsored by Kensington Capital Partners, in its $3.3 billion merger with QuantumScape, an electric vehicle battery supplier backed by Volkswagen Group.

• Kensington Capital Acquisition Corp. IV, a SPAC sponsored by Kensington Capital Partners, in its $939 million merger with Amprius Technologies, Inc. that took the nanowire battery company public.

• Kensington Capital Acquisition Corp. II, a SPAC sponsored by Kensington Capital Partners, in its merger with Wallbox Chargers SL that took the Spanish electric-vehicle charger maker public.

• Isos Acquisition Corp., a SPAC, in its merger with Bowlero that took the world’s largest owner and operator of bowling centers public.

• Starboard Value in a merger between the activist investor’s SPAC and Cyxtera Technologies Inc. that took the data center provider public.

• Platinum Equity, a private equity firm, in its:

• strategic partnership with Nesco Holding for the rental equipment provider's pending acquisition of heavy equipment solutions provider Custom Truck One Source for $1.475 billion; and

• $1.9 billion acquisition of Wesco Aircraft Holdings, an aerospace supply chain management service provider.

• Private

• Grab Holdings in its pending acquisition of Stash Financial, Inc., a digital financial services company, at an enterprise value of $425 million.

• Gleacher Shacklock, a premier independent advisory firm headquartered in London, on the pending sale of their interests in Gleacher Shacklock to Perella Weinberg Partners, a leading global independent advisory firm.

• Albion River, a private direct investment firm focused on the defense sector, in the carve-out divestiture of United Electronics Company.

• Investindustrial in the acquisition by its portfolio company Nexture of Frulact, a leading global manufacturer of fruit-based specialty ingredients and flavors, from funds managed by Ardian.

• PRISM, an India-based hospitality company, in its $525 million acquisition of G6 Hospitality, the parent company of iconic U.S. hospitality brand Motel 6.

• Rheinmetall AG, a German technology group for mobility and security, in its $950 million acquisition of Loc Performance Products.

• Standard Motor Products, a leading automotive parts manufacturer and distributor, in its $388 million acquisition of Nissens Automotive, an EU manufacturer and distributor of aftermarket automotive parts.

• Geller & Company, a strategic financial and advisory firm, in the sale of its multi-family office business to Corient, one of the fastest-growing national wealth advisors in the US.

• HPS Investment Partners, global credit investment manager and BlackRock subsidiary, in the $180 million leveraged carve-out acquisition by HPS’ portfolio company PEAC Solutions of the specialty financing business of ePlus.

• Develey Senf & Feinkost, a Munich-based condiment producer, in the sale of its large production facility in Dyersburg, TN, to Chicago-based global food ingredients manufacturer Newly Weds Foods.

• Hyve Group Limited, an international organizer of exhibitions and conferences, in the acquisition of HLTH and Vive, a digital health technology event.

• Aurelius Group, a private equity firm, in its acquisition of HAECO Cabin Solutions from Swire Pacific Holdings, a publicly traded Hong Kong company, in a turnaround deal.

• Bloomsbury Publishing in its carve-out acquisition of the academic imprints and associated titles of Rowman & Littlefield, a respected independent book publisher in the US academic market.

• JOST, a leading global manufacturer of modules and components for commercial vehicles, in its acquisition of Crenlo do Brasil Engenharia de Cabines from Angeles Equity Partners.

• Advance Publications and its portfolio company 1010data, a leading provider of enterprise analytics, in the sale of 1010data to SymphonyAI.

• Condé Nast, a mass media company, in its:

• sale of Golf Digest, a leading golf media brand, to Discovery Inc.;

• sale of Brides Magazine, a leading wedding and bridal brand, to Dotdash; and

• sale of W Magazine, a fashion magazine, to Future Media Group.

• Madison Square Garden, a live sport and entertainment company in its:

• sale of the WNBA team New York Liberty to an investment group led by Joe Tsai, the co-founder and executive vice chairman of e-commerce and technology company, Alibaba Group;

• acquisition of TAO Group, a restaurant and nightclub operator;

• acquisition of a controlling interest in Boston Calling Events, the company that produces, organizes and manages the Boston Calling music festival;

• acquisition of a majority stake in Counter Logic Gaming, the owner and manager of several leading e-sports teams and a corresponding branding and marketing partnership; and

• acquisition of a 50 percent stake in Tribeca Enterprises, the company that owns and operates the acclaimed Tribeca Film Festival and other businesses.

• Stanadyne and Pure Power on their Section 363 asset sale to S-PPT Acquisition Company, an entity formed by Cerberus.

• Diversified Aero Services, a leading global aircraft inventory support provider, in:

• the follow-on sale of its remaining 50% stake in DASI to Marubeni Corporation, a publicly traded Japanese trading and investment conglomerate; and

• the initial sale of 50% of the outstanding ownership of DASI, LLC to Marubeni Corporation.

• AMC Networks in its acquisition of Sentai Holdings, a global supplier of anime content and official merchandise.

• Zoetis, an animal health company, in its acquisition of Platinum Performance, a nutrition-focused animal health business offering premium nutritional product formulas for horses, dogs and cats.

• JD Sports Fashion, a British sports and fashion retailer, in its acquisition of Shoe Palace and Nice Kicks, U.S.-based athletic shoe retailers.

• Millarworld, a comic book publisher, in its sale to Netflix, the first-ever acquisition for the global streaming giant.

• Sony Music Entertainment, a music conglomerate, in its:

• sale of The Orchard Film Group to 1091 Media, an investment group affiliated with Dimensional Associates, the private equity arm of JDS Capital Management; and

• acquisition of the music merchandising business of Araca Group, a theatrical production company.

• Daimler Trucks and Buses Holdings, a heavy-duty truck manufacturer and subsidiary of Daimler AG, in its acquisition of a majority stake in Torc Robotics, a self-driving autonomous vehicle software and driverless car systems company.

• Orient Overseas International, a shipping line, in its $1.78 billion sale of the Long Beach Container Terminal in Southern California, one of the nation’s busiest port terminals, to a consortium led by Macquarie Group.

• Turnitin, a provider of academic integrity and assessment solutions, in its acquisition of ExamSoft, a software-based assessment platform.

• Bluestar Alliance, a brand management firm, in its acquisition of Hurley International from Nike.

• The shareholders of BAC Florida Bank in the sale of the Coral Gables-based bank to Banco Bradesco.

• Banco Davivienda in its $801 million acquisition of HSBC’s retail operations in Costa Rica, Honduras and El Salvador.

• Cartamundi, a playing card and board game manufacturer, in its acquisition of the United States Playing Card Company, a producer and distributor of playing cards, from Newell Brands.

• Cenveo Worldwide, a commercial printing solutions provider, in the sale of its long-run labels and receipt paper assets to Iconex, an office products manufacturer, and (ii) its Custom Labels Group to label company Brook + Whittle.

• Chiltern International, a contract research organization, in its $1.2 billion sale to diagnostics company Laboratory Corp. of America Holdings.

• GB Auto Service, a tire retail and automotive services chain and portfolio company of Greenbriar Equity Group, in multiple acquisitions of auto repair service companies in the southwest United States.

• Greenbriar Equity Group, a private equity firm, in its:

• acquisition of JEGS High Performance, a Delaware, Ohio-based distributor of automotive aftermarket parts and accessories;

• formation of GB Auto Service, a tire retail and automotive services chain, and numerous related “platform” acquisitions and subsequent add-on acquisitions of auto repair services companies in the southwest United States, followed by its rebranding as Sun Auto Tire & Service and majority sale to Leonard Green & Partners;

• sale of portfolio company Spireon to Texas-based multinational technology company Solera;

• acquisition of Nordco, a railroad maintenance equipment and services company, from the private equity arm of the Ontario Municipal Employees Retirement System, and its subsequent sale to Wabtec Corp., a global railroad equipment manufacturer;

• acquisition of delivery company FragilePAK; and

• acquisition of PetroChoice, a distributor of commercial, industrial and passenger vehicle lubricants, from KRG Capital Management, subsequent acquisitions by PetroChoice, and its sale to an entity controlled by Golden Gate Capital.

• Infosys, an IT consulting and outsourcing services provider, in its acquisitions of:

• MRE Consulting, a Houston-based energy consulting company;

• Blue Acorn iCi, a digital services and consulting agency;

• Kaleidoscope Innovation, a product design and development company; and

• Simplus, a Salesforce quote-to-cash provider.

• Roberta Lipson, the founder and CEO of United Family Healthcare, a private hospital operator, in the $1.44 billion sale of the company to New Frontier Corporation.

• An investment group led by Smithfield Group and Kensington Capital Partners in the acquisition of Pure Power Technologies, Inc., a supplier of fuel-injection systems, from Navistar, Inc., and the subsequent sale of Pure Power to Stanadyne LLC, a supplier of fuel management systems.

• Wipro in its acquisitions of:

• Applied Value Technologies, an IT services consulting firm;

• Aggne Global, a provider of optimization software to insurance companies, and its India-based affiliate Aggne Global IT Services;

• Rizing, an award-winning systems, applications and product company;

• Edgile, a cybersecurity consulting provider;

• Convergence Acceleration Solutions (CAS Group), a consulting and program management company;

• Capco, a UK tech consultancy;

• Eximius Design, an engineering services company;

• Rational Interaction, a full-service digital customer experience company; and

• International TechneGroup, a digital engineering and manufacturing solutions company.