KKR loses bid to take Yomeishu private; Arlington to sell Stellant

Deal Wrap is updated as of 3 p.m. ET.

– KKR & Co. Inc. lost preferential negotiation rights with Japan's Yomeishu Seizo Co.Ltd. after the herbal tonic maker's largest shareholder Yuzawa Co.Ltd. refused to sell shares. Yomeishu will now discuss privatization options with Yuzawa, Nikkei Asia reported.

– Arlington Management Employees LLC agreed to sell Stellant Systems Inc., a California-based manufacturer of radio frequency products, to aircraft components designer TransDigm Inc. for $960 million. The deal is expected to close in 2026. Harris Williams was exclusive financial adviser, and Kirkland & Ellis was legal counsel to Arlington and Stellant.

– Salesforce Ventures LLC, Evolution Equity Partners and Tapestry VC invested $19 million in a venture round of funding for cybersecurity startup Oleria Corp. Software company Zscaler Inc. also participated. Oleria Corp has raised $60 million to date.

– Birch Hill Equity Partners Management Inc. and Gestion Claude Bigras Inc. agreed to sell Canada-based facilities maintenance provider GDI Integrated Facility Services Inc. to an undisclosed buyer, just days after agreeing to acquire the company for C$890 million. Stikeman Elliott was legal adviser for Birch Hill.

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