M&A

 Mergers & Acquisitions News (M&A)

• KKR, BlackRock-owned GIP, Ardian, and GIC-backed Vauban Infra Fibre are bidders for a controlling stake in telecom group Altice France's superfast broadband network XpFibre, which could fetch an over $10B valuation Financial Times

• Pharma giant Merck agreed to acquire leukemia-focused Terns Pharmaceuticals in a $6.7B cash deal at a 50% premium Reuters

• Brookfield and Canada's La Caisse agreed to acquire Canadian renewable energy firm Boralex in a $6.5B cash deal, including debt, at a 32% premium Bloomberg

• $6.5B-listed KKR and Fuchs family-backed German satellite maker OHB is weighing a 20% stake sale Reuters

• KKR made a 15x MOIC from its $4.75B sale of data center cooling company CoolIT to water treatment firm Ecolab MSN

• Spanish gambling group Codere is exploring a ‌sale at $2.3B valuation Tribuna

• KKR agreed to acquire US bakery chain Nothing Bundt Cakes from Roark Capital for $2B, including debt GroundNews

• Activist ADW Capital built a 2.5% stake in $2B-listed Roark Capital-owned automotive services rollup Driven Brands and is pushing for a sale or break up GlobeNewswire

• Indian IT consulting firm Infosys agreed to acquire healthcare consulting firm Optimum Healthcare IT for $465M cash Reuters

• Infosys agreed to acquire insurtech company Stratus for $95M cash PRNewswire

• Limestone Capital-backed HR firm Empowering People Group agreed to acquire UK lender NatWest's HR advisory business Mentor Reuters