MergerLinks

CYVN Holdings, an investment firm backed by Abu Dhabi, has signed a preliminary deal to take a stake in British luxury carmaker McLaren Group and take full control of its automotive business. The deal with McLaren’s controlling shareholder, Bahrain’s Mumtalakat, would bring access to additional capital, advanced engineering expertise and technology, particularly in the field of electric vehicles, Bloomberg reported.  #MergersAcquisitionsDivestitures #PrivateEquity #Vehicle

Ancestry said a hypothetical takeover of its flailing rival in the consumer genetic testing industry, 23andMe, likely wouldn’t be possible for antitrust reasons, Bloomberg reported. “Although we are always interested in looking at possibilities that are out there, 23andMe specifically would be challenging because they’re the No. 2 in the category and we’re the No. 1 in the category and those combinations can be challenging from an FTC standpoint,” Greg Packer, Chief Legal Officer. #MergersAcquisitionsDivestitures #Software #Biotechnology

San Francisco Equity Partners-backed SV Labs Corporation, a contract development and manufacturing organization serving beauty and personal care brands, completed the acquisition of Sigan Industries Group, a full-service CDMO serving beauty and personal care brands. Financial terms were not disclosed. “In working with Dean and the Sigan Industries management team, we became increasingly convinced that Sigan’s development capabilities, product category expertise and manufacturing operations would be a great fit with our business. This partnership will enable us to offer expanded innovation and manufacturing capabilities to our customer base, while still delivering the concierge-level customer service model that both companies are known for,” Graham Orriss, SV Labs CEO. Sigan Industries (led by Dean Gangbar) was advised by Dyens & Co. and McMillan LLP. SV Labs (led by Graham Orriss) was advised by William Blair, Morrison Foerster and Stikeman Elliott LLP. SFEP (led by Scott Potter) was advised by The Blueshirt Group (led by Jeff Fox). Submit your deals here: https://lnkd.in/djcRGezn #MergersAcquisitionsDiversitures #Beauty #PersonalCare

Standex International, a global industrial growth company, agreed to acquire Amran Instrument Transformers and Narayan Powertech Pvt Ltd, two manufacturers of low voltage and medium voltage instrument transformers for products focused on the electrical grid, smart grid technology, data centers, and renewable energy systems, for $462m. "As the largest acquisitions in the Company's history, this is an exciting milestone for Standex. Amran/Narayan Group's extensive low to medium voltage portfolio and engineering expertise fit within our strategy to accelerate growth in secular, fast growth end markets. The combination of Standex and Amran/Narayan Group continues Standex's portfolio strategy of focusing our higher-margin business segments in faster-growing markets. With these acquisitions, Standex Electronics will now represent more than 50% of the Company, and we anticipate consolidated adjusted EBITDA margin expanding by over 200 basis points in the first full year as a combined company. We look forward to welcoming the entire Amran/Narayan Group team to our company," David Dunbar, Standex President and CEO. Standex (led by David Dunbar) is advised by Guggenheim Partners and Foley Hoag LLP. Amran Instrument Transformers (led by Bhargav Shah) and Narayan Powertech (led by Chirag Shah) are advised by Northern Edge Advisors, Chamberlain Hrdlicka and Khaitan & Co Submit your deals here: https://lnkd.in/djcRGezn #MergersAcquisitionsDivestitures #Electrical #Manufacturing

A consortium led by Stephan Crétier and HPS Investment Partners, LLC, an including Oak Hill Advisors, L.P. and One Investment Management, agreed to acquire a majority stake in GardaWorld, a Canadian private security firm, from BC Partners, a global private equity firm, at CAD13.5bn valuation. “In an increasingly complex world, I have discovered that prominent organizations aspire to partner with a vetted entrepreneurial success story. GardaWorld is more than one entrepreneur. It is a group of truly aligned like-minded leaders committed to doing what is best for clients, employees and stakeholders. I am humbled by the professionalism and dedication of my international group of colleagues and the unique DNA we have developed. This is what I call a winning team. We have come a long way since our modest beginnings when I started this company with a CAD25k-second mortgage on my home almost 30 years ago," Stephan Crétier, GardaWorld Founder, Chairman, President and CEO. GardaWorld (led by Stephan Crétier) is advised by Langlois Avocats and Simpson Thacher & Bartlett LLP (led by Sebastian Tiller, Ryerson Symons, Sophie Staples, Jeannine McSweeney, Ken Wallach, Brian E. Rosenzweig, Eli Isak, Sara Razi, Etienne Renaudeau and Lindsey Bohl). HPS Investment Partners (led by Scot French) is advised by Latham & Watkins (led by Peter Sluka, Sal Vanchieri, Stelios Saffos, Alexandra Croswell Kelly, Matthew Salerno, Nineveh Alkhas, Jocelyn Noll, Max Raskin, Jessica Cohen, Robert Blamires, Joshua Marnitz, Kyle Jefcoat, Anne Robinson, Patrick English and Jana Dammann de Chapto) BC Partners (led by Paolo Notarnicola) is advised by Kirkland & Ellis (led by Adam Clifford, Matt Dixon, Michael Thorpe, Srinivas Kaushik, Benjamin Schreiner, Jared Rusman, Steven Cantor and Matthew Sinclair-Thomson). Submit your deals here: https://lnkd.in/djcRGezn #MergersAcquisitionsDivestitures #PrivateEquity #Canada

SBA Communications, a real estate investment trust, agreed to acquire a tower portfolio of approximately 7,000 towers in Guatemala, Honduras, Panama, El Salvador and Nicaragua from Millicom (Tigo), a provider of fixed and mobile telecommunications services in Latin America, for $975m. "We are happy to join Millicom in announcing this transaction, which significantly enhances the longstanding relationship enjoyed between our companies. As a result of this transaction and the strength of our existing portfolio, SBA Communications will be the leading tower company across all of Central America and we are excited to support Millicom as a leading mobile network operator in advancing their network goals and enhancing connectivity throughout the region," Brendan Cavanagh, SBA Communications President and CEO. SBA Communications (led by Brendan Cavanagh) is advised by Goldman Sachs and Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Michael Vogel and Sal Gogliormella). Millicom (led by Marcelo Benitez) is advised by J.P. Morgan, Lazard and Winston & Strawn LLP. Submit your deals here: https://lnkd.in/djcRGezn #MergersAcquisitionsDiversitures #Telecommunications #Infrastructure https://lnkd.in/d3U2mVYB

Welcome to MergerLinks Daily Review, your daily dose of M&A news before your morning coffee. Subscribe now and never miss a beat with MergerLinks. Lawyers mentioned: David Martin, David Michaels, Effie Toshav PR Advisors mentioned: Sarah Salky #MergersandAcquisitions #FinancialServices #Corporate

Wa'ed Ventures, the $500m venture capital arm of Saudi Arabia’s aramco, announced a $100m commitment to early-stage AI startups to support positioning the kingdom as a global AI hub, DealStreetAsia reported. To ensure strategic investment decisions, Wa’ed Ventures has assembled an elite AI advisory board from diverse backgrounds within the AI industry, including policymaking, research, academia, and entrepreneurship from leading global institutions, including Meta, Massachusetts Institute of Technology, University of Oxford, and Amazon. #Funding #AI #Startup

Shares of Waaree Energies Ltd - International Business jumped almost 56% in their trading debut after a $514m initial public offering by India’s largest solar-panel maker, bringing back optimism for the market after the nation’s biggest IPO disappointed investors last week. The stock listed on Ocotober 28 morning with gains of 75% over its issue price of $17.9, making it one of the biggest listings in India this year. It rose to as high as $31.2 in Mumbai trading before trimming some of those gains, Bloomberg reported. #IPO #SolarPower #RenewableEnergy

Fondazione Cariverona, a major Italian shareholder in UniCredit, confirmed its support for the bank's management in regards to Commerzbank AG, Reuters reported. UniCredit has upset officials in Germany by becoming the biggest private investor in Commerzbank and preparing the ground to potentially become its single biggest shareholder, leapfrogging the Berlin government which owns 12%. #MergersAcquisitionsDiversitures #Banking #FinancialServices