M&A
Utah Medical’s Femcare unit buys UK harm reduction firm for £3.6m
Femcare Ltd. acquires Orion Medical Supplies to expand presence in UK harm reduction device market, with expected $6m annual sales contribution. Integration to leverage existing infrastructure.
Nestlé, PAI eye £300M-plus deal for Crosta Mollica
European Pizza Group, a joint venture between Nestlé and PAI Partners, is in advanced talks to acquire the UK premium frozen pizza brand. Multiple bidders remain in the running.
Advent International exits NCS Multistage via Weatherford merger
Private equity firm Advent International completes disposal of its remaining stake in oilfield services firm NCS Multistage through a $19.7 million cash-and-stock deal tied to Weatherford's acquisition.
US private equity firm Veritas bids £1.65bn for Bodycote
Bodycote, a FTSE 250 industrial group, agreed to a £1.65bn takeover by US buyout firm Veritas at 940p per share, with shares closing at 955p as a rival bid remains possible. The deal reflects a broader trend of London-listed firms being acquired by private equity.
Helix shareholders approve $2.3 bln all-stock merger with Hornbeck
Helix Energy shareholders endorse the $2.3 billion deal that will create a combined offshore services company with Hornbeck Offshore. The merger is set to close on Sept. 1, 2026.
Utah Medical’s Femcare buys UK harm-reduction device supplier for £3.6m
Femcare Ltd., a unit of Utah Medical Products, acquires Orion Medical Supplies for £3.6m in cash to expand its UK harm-reduction device distribution network.
Couche-Tard to buy Żabka for $8.6 bln in Poland’s largest-ever acquisition
Canadian convenience store operator launches PLN 32.6 bln tender for Żabka, securing 57% irrevocable commitments. Deal would nearly double Couche-Tard’s European footprint and add 13,000 stores.
Sumitomo bids A$813 million for FleetPartners in takeover battle
Japanese conglomerate offers A$3.85 per share in cash, topping rival bids amid escalating auction for Australia’s vehicle leasing leader. Fourth offer in under a month signals competitive interest.
Sumitomo-led consortium bids A$813 mln for FleetPartners amid takeover battle
Japan’s Sumitomo Corp offers A$3.85 per share in cash for the Australian vehicle leasing firm, raising the stakes in a month-long bidding war with SG Fleet and ORIX.
Couche-Tard to acquire Żabka for $8.6 billion in largest deal yet
Canadian convenience store operator launches tender offer at a 2.3% premium to Żabka’s share price, with $250 million in synergies expected by third year post-close.
Sumitomo-led group bids A$813 million for Australia’s FleetPartners
Japanese consortium offers A$3.85 per share in cash, joining ORIX, Element Fleet and SG Fleet in takeover race. FleetPartners shares surged nearly 50% in three weeks.
Eli Lilly to acquire Merida Biosciences for up to $2.88 bln
U.S. drugmaker expands autoimmune and allergy portfolio with cash deal expected to close in Q4 2026. Merida’s lead candidate targets Graves’ disease and related conditions.
Aon shares fall 1.8% after $17 bln USI Insurance acquisition
Deal to acquire USI Insurance Services, a brokerage with $3 bln revenue, announced as KKR exits stake. Aon expects EPS lift by 2028.
UBS keeps Aon rating as USI acquisition nears $17 bln deal
UBS maintained its neutral rating and $387 price target for Aon as the brokerage firm advances toward a $17 billion acquisition of USI Insurance Services from KKR. Deal expected to close by late 2026.
RedHill sells 70% stake in Talicia to Apotex for $18M upfront
Pharma firm RedHill divests its majority stake in antibiotic Talicia to Canadian generics maker Apotex, receiving $18 million in cash upfront with up to $35 million in potential milestone payments.
Nvidia reportedly buys Hugging Face in AI open-source push
Deal valued at $150 million run rate seeks to safeguard open-source AI tools from dominance by major labs, analyst says. Nvidia shares slipped 4.57% on Aug. 28.
SLB to buy Kelvion for $3.4 bln in cash, debt assumption
Oilfield services giant SLB agrees to acquire thermal management specialist Kelvion for $3.4 billion in cash plus assumed debt, expanding its data center cooling capabilities. Deal expected to close in H1 2027.
SLB to buy Kelvion thermal systems unit for $3.4 billion
SLB will acquire Kelvion, a German thermal management specialist, from Apollo funds for $3.4 billion in cash, assuming $700 million in debt. The deal aims to expand SLB's data center cooling solutions as it targets over 2 gigawatts of deliveries by year-end.
SLB to buy Kelvion for $4.1 bln to boost data center business
Oilfield services giant SLB agreed to acquire thermal management specialist Kelvion for $3.4 bln in cash, adding heat-exchange tech for data centers and AI infrastructure. Deal expected to close in H1 2027.
Aon to buy USI for $17 billion in insurance broker expansion
Deal for USI adds $3 billion in revenue and 10,500 staff to Aon's U.S. middle-market platform. Transaction expected to close in Q4 2026.
Aon to acquire USI Insurance for $17 billion in cash
Deal to close in Q4 2026, adding USI’s middle-market and excess & surplus insurance businesses to Aon’s global brokerage platform. Advisors named.
Aon to acquire USI for $17 billion in insurance broker deal
The deal, valued at $16.7 billion net, will expand Aon's U.S. middle-market presence, with expected annual synergies of $395 million and accretive EPS from 2028.
KKR sells USI Insurance to Aon for $17 billion in all-cash deal
Private equity giant KKR exits USI Insurance Services in a $17 billion transaction, realizing a 6x return on its 2017 investment. Deal expected to close in Q4 2026 pending regulatory approval.
Ranger Energy to buy STEP’s U.S. coiled tubing unit for $27.5m
Deal adds 13 spreads and deep-reach technology, with $80m-$90m revenue target for 2027. Financing via revolver borrowings, closing expected Sept. 11.