M&A

 Mergers & Acquisitions News (M&A)

• Finnish elevator maker Kone is in advanced talks to acquire Advent and Cinven-backed rival TK Elevator at a potential $30B valuation, including debt Bloomberg

• Choice Properties REIT, a unit of Canada's Weston family, and Canadian PE firm Kingsett Capital will take over First Capital REIT in a $6.8B cash and stock deal, including debt Reuters

• India's Sun Pharmaceutical, Germany's Grünenthal, and some PE firms are vying to acquire $2.4B-listed women's healthcare firm Organon Bloomberg

• KKR and Apollo are considering bids for Canada's OTPP-backed Portuguese packaging maker Logoplaste at a potential $2B valuation Bloomberg

• PE firm TPG agreed to acquire Learfield, a media and tech company for college athletics, from Charlesbank Capital Partners for $2B Yahoo.Finance

• Abu Dhabi's Emirates International Investment Co. will take a minority stake in General Atlantic-backed Danish juice chain Joe & the Juice at a $1.8B valuation Bloomberg

• Uranium Royalty agreed to acquire mineral royalty firm Sweetwater Royalties in a $1.1B deal Financial Times

• $500M-listed Canadian theater chain Cineplex is seeking a merger with rivals including Regal Cineworld or Cinemark Bloomberg

• Kingdom Holding Co., the conglomerate of Saudi billionaire prince Al Waleed, will acquire a majority stake in Al Hilal Football Club from Saudi SWF PIF at a $375M valuation Reuters

• Megafunds including Apollo, Ares, and Sixth Street are in early talks to help fund NBA's expansion into Europe Bloomberg

US wealth manager Corient agreed to buy Bedrock Group, a Swiss multi-family office backed by Abu Dhabi's Mubadala Bloomberg