M&A

• Artémis, Kering’s family office, explores sale of 29% stake in Puma, valuing brand at $3B. CNBC 

• Prudential’s $3B Eastspring stake sale stalls amid valuation concerns. CNBC 

• France’s Lactalis to acquire Fonterra’s New Zealand consumer unit for $2.5B. CNBC 

• Hong Kong’s CTF Services halts $2B China road portfolio sale. Reuters 

• TPG weighs $1.5B sale of Southeast Asian school operator XCL Education. Reuters 

• Thoma Bravo to buy Verint Systems for $1.23B cash in $2B deal including debt. Bloomberg 

• AbbVie to acquire experimental therapy from Gilgamesh Pharma for $1.2B. Bloomberg 

• Mitsubishi nears 25% stake purchase in Fullerton Health, valued at $1B. Reuters 

• Crescent Energy to acquire Vital Energy in $733M all-stock deal at $3.1B valuation. Reuters