Bain and LY Top EQT Again in Kakaku.com Fight as Tender Deadline Nears
The Bain-backed bidder lifted its planned price above EQT's live offer, but it still needs the Tabelog owner's board to change sides.
Deals
Japan Take-Privates
- Deals
PAG Agrees to Buy 51% of Evergrande Property Services for HK$4 Billion, Below Market
Evergrande's liquidators agreed to sell the stake after a yearlong auction, and PAG's HK$0.8359-a-share offer for the rest sits below where the shares closed Friday.
- Deals
India's Affle Agrees to Buy Perion for $420 Million in All-Cash Ad-Tech Deal
The Indian mobile-advertising group is paying a 34.5% premium for the Nasdaq-listed Israeli company, which holds about $228 million in cash and has seen revenue shrink for two years.
- Deals
Mitsubishi Logistics to Buy Hankyu Hanshin Express for 120 Billion Yen in Freight Push
The Tokyo warehouse operator is buying the Osaka air-freight forwarder from Hankyu Hanshin Holdings, creating what it estimates is Japan's fourth-largest forwarder and lifting its overseas sales share to 31%.
- Deals
Mitsui Chemicals Sinks 10% as It Weighs 1.3 Trillion Yen Purchase of JSR From JIC
The state-backed fund took the photoresist maker private for about 900 billion yen in 2024. The reported price exceeds Mitsui Chemicals' entire market value.
- China Outbound
EU Clears JD.com's $2.5 Billion Ceconomy Takeover With 10-Year Subsidy Conditions
Brussels found JD.com received Chinese state subsidies but accepted 10 years of commitments, clearing the last hurdle for the MediaMarkt owner's takeover.
- Deals
Adani Ports Agrees to Buy Europe's Evos for 2.56 Billion Euros in Debt-Funded Deal
India's biggest port operator is buying eight fuel terminals from Rotterdam to Malta, paying 11.7 times earnings and borrowing to do it.
- Deals
Watami Founder Launches 1,284-Yen Buyout to Take Izakaya Chain Private, With Suntory Staying In
Founder Miki Watanabe raised his offer eight times before the board agreed. Suntory, the No. 2 shareholder, will roll its stake into the buyout vehicle.
- Deals
Naver Signs $9 Billion Brookfield Deal for Sejong AI Data Center, Unlocking Nvidia Stake
A Brookfield-owned vehicle will buy the GPUs and data center assets and rent the computing power back to Naver Cloud, with Naver guaranteeing the fees for up to eight years.
- Deals
TotalEnergies Agrees to Take 30% of Malaysia's Lang Lebah, B14 Gas Fields as Operator
The French group will run a planned integrated development off Sarawak that holds more than 6.5 trillion cubic feet of gas and is meant to feed Malaysia LNG.
- Deals
Public Bank's HK$735 Million Public Financial Buyout Wins Adviser Backing Before Vote
An independent adviser called the HK$2.50-a-share offer fair after the Hong Kong lender flagged a full write-off of HK$1.96 billion in goodwill and a full-year loss.
- Deals
Ingenia Rebuffs Warburg Pincus' New A$5.45 Bid, Keeping Sovereign-Backed AVID in Front
The Australian seniors' housing group kept its rival bidder locked out of due diligence, while signing a A$615 million joint venture tied to its own takeover of Peet.
- Deals
Daou Kiwoom, CJ Group Agree to Pay 520 Billion Won for Control of JoongAng Ilbo
A four-company consortium will buy new shares in the debt-laden Seoul newspaper, which entered a creditor-led workout in July after its parent group ran short of cash.
- IPOs
Adaspace Falls 3.5% in Hong Kong Debut After Pricing AI Satellite IPO at Bottom of Range
The Chinese satellite maker raised HK$750 million instead of up to HK$1 billion, and one existing shareholder took nearly a quarter of the deal.
- Deals
Bodhi Tree Pays $180 Million for Majority Stake in Indian Food Chain Adyar Ananda Bhavan
The Murdoch and Shankar-backed investment platform takes control of the Chennai vegetarian restaurant and sweets chain, with an eye on a future public listing.
- Australia M&AAnalysis
Australia's New Merger Regime Blocks 3 Deals in 9 Months as ACCC Clears 95% at Phase 1
The mandatory system is fast for most deals, but its in-depth reviews are proving costly for buyers in concentrated markets, from insurance to supermarkets.
