Daily Deal Sheet | 21 Aug 2025

Written By Allison Sabaroche

Captured from posts published in the 24-hour window ending 20 Aug 2025 (GMT).

Why it matters

Lowe’s dropped the day’s biggest cheque with an $8.8bn move into building materials distribution, while AI and infra stayed hot: EliseAI banked a $250m Series E and midstream assets changed hands at Black Bear Transmission. Europe saw active carbon/ESG themes (H.I.G./Fluo; Cyclomedia/Detekt), and sell-side benches in chemicals, SaaS and sports franchises were unusually well-disclosed.

📝 Deal & Investment Highlights

  • Lowe’s Companies → Foundation Building Materials — $8,800,000,000 majority buyout (construction distribution)
    • Sell-side IB: RBC Capital Markets; Sell-side Legal: Weil, Gotshal & Manges LLP — Mike Lubowitz, Ryan Taylor; Buy-side IB: Centerview Partners, Goldman Sachs; Buy-side Legal: Freshfields

  • Andreessen Horowitz, Bessemer Venture Partners, Sapphire Ventures, Navitas Capital → EliseAI (Series E) — $250,000,000 Series E (SaaS)
    • Investor team: Alex Yuditski

  • William Chisholm-led consortium (with Sixth Street) → Boston Celtics — n/d majority buyout (sports media & rights)
    • Buy-side IB: Moelis & Company — Will Peters

  • Enstor → Black Bear Transmission — n/d majority buyout (midstream & pipelines)
    • Sell-side IB: Citi; Sell-side Legal: Morgan, Lewis & Bockius LLP; Buy-side IB: TD Securities; Buy-side Legal: Kirkland & Ellis

  • NEC Software Solutions → Cadcorp — n/d majority buyout (geospatial SaaS)
    • Sell-side IB: Olivia Bates; Sell-side Legal: Fox Williams — Andrew Woolf, Anjali Aravindhan

  • Position Green → Morescope (share-for-share) — n/d majority buyout (ESG & reporting SaaS)
    • Buy-side Legal: DLA Piper Norway — Christian P. N. Fenner, Trym Heiskel Bjørndal

  • Covestro AG → Vencorex US & Thailand subsidiaries — n/d divestiture (specialty chemicals)
    • Sell-side IB: AlixPartners — Nick Wood, Andy Ting, Pariyanuch (Pari) Saekow, Saad Shah

  • H.I.G. Infrastructure → Fluo Group (majority stake) — n/d majority buyout (carbon & environmental services)
    • (Advisers not disclosed)

🆕 Adviser Intel on Previously-Flagged Deals

  • Boston Celtics → William Chisholm-led consortium — added Buy-side IB banker: Moelis & Company — Will Peters (advising Sixth Street).

  • Cadcorp → NEC Software Solutions — added Sell-side IB: Olivia Bates; (Sell-side Legal previously flagged: Fox Williams — Andrew Woolf, Anjali Aravindhan).

  • Vencorex subsidiaries → Covestro AG — added Sell-side IB banker: AlixPartners — Graeme Smith (alongside Nick Wood, Andy Ting, Pariyanuch Saekow, Saad Shah).

  • Birmingham Phoenix (49% stake) → Knighthead Capital Management — confirmed Buy-side Legal team: Squire Patton Boggs (UK) LLP — Tom Durrant, Katie Smith + team.

👤 Notable People Moves

  • Kristof Meynaerts — Partner | A&O Shearman (Luxembourg; ex-Clifford Chance).

  • Severina Käppeli — Partner | A&O Shearman (Luxembourg; ex-Clifford Chance).

  • Antonio C. — Executive Director | Banco Santander.

  • Caroline Frank — Private Equity Associate | Bain Capital.

  • Agnethe Leonora Hjarnø Boysen — Associate, Corporate Finance | PwC.

  • Tom Durrant — Birmingham Office Managing Partner | Squire Patton Boggs — deal involvement: Knighthead/Birmingham Phoenix.

  • Will Peters — Managing Director | Moelis & Company — deal involvement: Sixth Street/Boston Celtics consortium.

  • Nick Wood — Partner & Managing Director | AlixPartners — deal involvement: Vencorex/Covestro.

  • Christian P. N. Fenner — Partner | DLA Piper Norway — deal involvement: Position Green/Morescope.

  • Dante La Ruffa — Partner | Aquiline — investor on Wisdom round.

  • Alex Yuditski — Growth Investor | Bessemer Venture Partners — investor on EliseAI Series E.

🔍 Sector Snapshots
Energy & Infrastructure

  • Enstor → Black Bear Transmission — n/d majority buyout (midstream & pipelines). • Sell-side IB: Citi; Buy-side Legal: Kirkland & Ellis.

  • H.I.G. Infrastructure → Fluo Group — n/d majority buyout (carbon & environmental services).

  • Spheros Environmental → Four Peaks Environmental Science and Data Solutions — n/d majority buyout (carbon & environmental).

TMT & Software

  • NEC Software Solutions → Cadcorp — n/d majority buyout (SaaS). • Sell-side Legal: Fox Williams — Andrew Woolf, Anjali Aravindhan; Sell-side IB: Olivia Bates.

  • Cyclomedia → Detekt — n/d majority buyout (SaaS). • Sell-side Legal: Herbst Kinsky Rechtsanwälte — Philipp Kinsky, Christina Bernhart.

  • EliseAI — $250,000,000 Series E (SaaS). • Investor team: Alex Yuditski.

  • Live Oak Bank → Cascading AI, Inc. — n/d investment (FinTech).

  • Position Green → Morescope — n/d share-for-share (ESG SaaS). • Buy-side Legal: DLA Piper Norway — Christian P. N. Fenner, Trym Heiskel Bjørndal.

Industrials & Materials

  • Lowe’s Companies → Foundation Building Materials — $8,800,000,000 majority buyout (construction). • Sell-side IB: RBC Capital Markets; Sell-side Legal: Weil — Mike Lubowitz, Ryan Taylor; Buy-side IB: Centerview, Goldman Sachs; Buy-side Legal: Freshfields.

  • Kirk Kapital → SiteCover A/S — n/d minority investment (construction). • Sell-side Legal: Accura — Mads Ilum, Cecilie Frost Adamsen, Alexander Lee.

  • Danieli (30%) → Novastilmec — n/d stake purchase (machinery) — Lecco, Italy.

  • Covestro AG → Vencorex subsidiaries — n/d divestiture (chemicals). • Sell-side IB: AlixPartners — Nick Wood, Andy Ting, Pariyanuch Saekow, Saad Shah.

  • Sachtleben Minerals → EFS — n/d (distressed) acquisition (chemicals). • Sell-side IB: Ludwig & Co.; Sell-side Legal: Brandhoff Obermüller Partner — Dr. Martin Obermüller.

Financial Services, Sports & Real Assets

  • Benchmark Capital → Waterhouse Financial Planning — n/d majority buyout (wealth).

  • Brooks Macdonald → Integrity Wealth Solutions — n/d majority buyout (wealth).

  • Citizens Bank of West Virginia → Miners and Merchants Bank — n/d acquisition (community banking). • Sell-side IB: Performance Trust Capital Partners; Buy-side IB: Commonwealth Advisors, Inc., Gerrish Smith Tuck.

  • William Chisholm-led consortium → Boston Celtics — n/d majority buyout (sports media & rights). • Buy-side IB: Moelis — Will Peters.

  • Knighthead Capital Management (49%) → Birmingham Phoenix — n/d minority investment (sports). • Buy-side Legal: Squire Patton Boggs (UK) LLP — Tom Durrant, Katie Smith + team.

Healthcare & HealthTech

  • Findos → European LifeCare Group — n/d divestiture (healthcare services).

  • Aquiline (with Permanent Capital Ventures, Juxtapose) → Wisdom — $28,000,000 investment (HealthTech). • Investor team: Dante La Ruffa.

  • Investment Fund for Northern Ireland (lead) → Neurovalens — £6,000,000 investment (medical devices).

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Allison Sabaroche
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