M&A Deals 22-04-2025

• Chinese tea chain Chagee climbs 15% in Nasdaq debut

• Shares of Chinese tea chain Chagee (CHA) surged 15% on its first day of trading on Nasdaq, opening at $33.75 after pricing its IPO at $28 per share. The stock briefly jumped 49% before paring gains. Chagee raised $411 million by selling 14.7 million shares, giving the company a valuation of around $5 billion. Founded in 2017, the brand has expanded to over 6,400 teahouses across Asia and is preparing to open its first U.S. store in Los Angeles this spring. CNBC

• Nomura to acquire Macquarie's U.S. and European asset management units

• Nomura (8604.T) will acquire Macquarie Group’s (MQG.AX) U.S. and European public asset management businesses in a $1.8 billion deal, marking the Japanese bank’s largest-ever overseas acquisition. The transaction includes the transfer of investment teams, platforms, and leadership. The move highlights Japan’s shift toward stable, fee-based revenue streams as domestic markets shrink. The deal is also seen as a redemption move for Nomura after its troubled 2008 acquisition of Lehman Brothers’ assets. Reuters

  
  

• UBS to sell India wealth unit to 360 ONE WAM for $36 million

• UBS (UBSG.S) is offloading its Indian onshore wealth operations to 360 ONE WAM (ONEW.NS) in a ₹3.07 billion ($36 million) deal. The transaction includes UBS’s local stockbroking, portfolio management, and residual loan businesses. Clients of both firms will gain access to broader onshore and offshore wealth management offerings. The two firms also plan to explore collaborations in asset management and investment banking. Reuter

• Thoma Bravo nears deal for Boeing’s Jeppesen unit

• Private equity firm Thoma Bravo is in final talks to acquire Jeppesen, the navigation software unit of Boeing (BA.N), with an announcement expected soon, according to Bloomberg. Boeing is selling the unit—acquired in 2000 for $1.5 billion—as part of a broader strategy to shed non-core assets and cut debt. Jeppesen, based in Colorado, is considered a valuable cash-generating asset among aerospace and PE players.  Bloomberg

• Global Payments seals $24.25bn Worldpay buy in three-way deal

• Global Payments (GPN.N) has agreed to acquire Worldpay from FIS (FIS.N) and private equity firm GTCR in a $24.25 billion deal. As part of the transaction, Global will divest its issuer solutions unit to FIS for $13.5 billion, becoming a focused merchant services provider. The deal strengthens Global’s position in the enterprise payments market while giving GTCR a significant return on its Worldpay stake.  Reuter