Deal Wrap is updated as of 3 p.m. ET.
– Greenbriar Equity Group LP agreed to buy supply chain solutions provider AIT Worldwide Logistics Inc. in a transaction expected to be completed before the fourth quarter. TJC LP will remain invested in AIT. Morgan Stanley & Co. LLC was lead financial adviser and Harris Williams LLC was financial adviser to AIT on the deal, while Womble Bond Dickinson LLP provided the company with legal advice. Goldman Sachs & Co. LLC and Citizens Capital Markets & Advisory were lead financial advisers to Greenbriar.
– Odyssey Private Equity Pty. Ltd. sold Australia-based food chain Sushi Sushi Group Pty. Ltd. to Japan-based restaurant firm Genki Global Dining Concepts Corp.
– Hapag-Lloyd AG will acquire Israel-based container liner shipping company ZIM Integrated Shipping Services Ltd. for $35.00 per share in cash, representing an equity value of about $4.2 billion. In connection with the deal, the state of Israel's share in ZIM would be transferred to a new container-network operator and liner-service provider that will be created and owned by First Israel Mezzanine Investors Ltd., subject to approval by the state of Israel. Evercore is serving as financial adviser, Meitar Law Offices and Skadden Arps Slate Meagher & Flom LLP are serving as legal advisers and IGB Group is serving as strategic communications adviser to ZIM. Evercore and Barclays rendered fairness opinions to the ZIM board regarding the deal, which is expected to close by late 2026.
– Arsenal Capital Management LP completed the sale of clinic operator MaxHealth LLC to Centerwell Health Services Inc., Humana Inc.'s healthcare services division. Guggenheim Securities LLC was the lead financial adviser to MaxHealth, Morgan Stanley was a financial adviser and Sidley Austin LLP was legal counsel. For Humana and CenterWell, J.P. Morgan Securities LLC was financial adviser and Latham & Watkins LLP was legal counsel.
– MidEuropa acquired a minority stake in Poland-based beverage maker Oshee Polska SP zoo in a deal expected to close later in the year. Oshee's founders will retain majority control of the business. Baker McKenzie, EY, Bain & Co. and Howden advised MidEuropa on the deal, while Oshee was advised by Fidea, Rymarz Zdort Maruta, A&O Shearman and Deloitte.
– Tower Capital Asia invested in security solutions provider V-Key Inc.
– Sanlam Pvt. Equity acquired a majority stake in South African medical device supplier Medhold Medical (Pty.) Ltd.
– Tokyo-based DIC Corp. entered into a strategic partnership with Zurich-based Emerald Technology Ventures AG. The partnership coincides with the Japanese company's establishment of a $62 million investment portfolio focused on physical AI technologies.
Disclaimer: This content may be AI-assisted and is composed, reviewed, edited and approved by a human at S&P Global.
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