Daily Deal Sheet | 22 Aug 2025

Captured from posts published in the 24-hour window ending 21 Aug 2025 (GMT).

Why it matters

• Tech led the tape with Thoma Bravo’s $12.3bn public-to-private of Dayforce and Xerox’s $1.5bn acquisition of Lexmark, while Lowe’s wrote an $8.8bn cheque for Foundation Building Materials to bulk up in construction distribution.

• Elsewhere: a $485m single-asset continuation for American Aviation Holdings, Clari–Salesloft consolidation in GTM software, and multiple add-ons/mergers across industrial services and digital media.

📝 Deal & Investment Highlights

• Thoma Bravo → Dayforce — $12,300,000,000 public-to-private (SaaS)
  • Buy-side Legal: Kirkland & Ellis — Cole Parker, Brad Reed

• Lowe’s Companies → Foundation Building Materials — $8,800,000,000 majority buyout (construction distribution)
  • Buy-side Legal: Freshfields — Damien Zoubek, Jenny Hochenberg

• Xerox → Lexmark International — $1,500,000,000 majority buyout (technology/printing)
  • Buy-side Legal: Gibson Dunn — Michael D. Saliba, James Sullivan

• Clari ↔ Salesloft — merger (SaaS; GTM consolidation)

• XOMA Royalty Corporation → Mural Oncology plc — n/d majority buyout (biotech royalties)
  • Buy-side Legal: Gibson Dunn — Ryan Murr, Branden Berns

• Chisholm-led consortium (with Sixth Street) → Boston Celtics — n/d majority buyout (sports)
  • Buy-side IB: Lazard; Investor team: Bill Chisholm

• ERA Partners single-asset continuation fund → American Aviation Holdings — $485,000,000 recapitalization (aviation logistics)
  • Sell-side IB: Campbell Lutyens — David Perrin

• PFM Capital & McKay Métis Group → Weldco Heavy Industries — n/d divestiture (industrial services)
  • Sell-side IB: Deloitte Corporate Finance — Klemens Wilhelm, Christine El-Zakhem, Julia Findlay, Ming Ho

• B Capital (with Decades Holdings) → CompanyCam — n/d Series C (field-service software)
  • Sell-side IB: William Blair Investment Banking

• (Investors undisclosed) → Topline Pro — $27,000,000 Series B (SaaS for home-services)
  • Buy-side Legal: Orrick, Herrington & Sutcliffe LLP — Josh Beser, George Pothoulakis

🆕 Adviser Intel on Previously-Flagged Deals

• Captiva Learning → Impact Futures Group — added Sell-side IB details: Grant Thornton UK LLP — bankers: Victoria Giles, Jonny Gold.

• SiteCover A/S → Kirk Kapital — added Sell-side Legal roster: Accura — Mads Ilum, Cecilie Frost Adamsen, Alexander Lee.

• Boston Celtics → Chisholm-led consortium — buy-side IB confirmed: Lazard.

• Mural Oncology plc → XOMA Royalty Corporation — added buy-side legal bench: Gibson Dunn — Ryan Murr, Branden Berns + team.

• Damien Zoubek & Jenny Hochenberg — Partners | Freshfields (advised Lowe’s on FBM).

• Cole Parker — Partner (Corporate) | Kirkland & Ellis (advised Thoma Bravo on Dayforce).

• Michael D. Saliba — Partner | Gibson Dunn (advised Xerox on Lexmark).

• Nikolas Zirngibl — Partner | Hogan Lovells (advised Navori Labs on Signagelive).

• Klemens Wilhelm — Partner | Deloitte Corporate Finance (sell-side adviser on Weldco Heavy Industries).

• Mike Lyon — Founder | Vista Point Advisors (sell-side adviser on ConsumerVoice.org).

👤 Notable People Moves

• Gregoire Thomas — Portfolio Manager | Jain Global (ex-Millennium).

• Ben Jones — Director | Key Capital Partners.

• Antonio C. — Executive Director | Banco Santander.

• Caroline Frank — Private Equity Associate | Bain Capital.

🔍 Sector Snapshots
Technology & Software

• Thoma Bravo → Dayforce — $12.3bn P2P (SaaS). • Buy-side Legal: Kirkland & Ellis — Cole Parker, Brad Reed.

• Clari ↔ Salesloft — merger (SaaS).

• Xerox → Lexmark — $1.5bn (tech/printing). • Buy-side Legal: Gibson Dunn — Michael D. Saliba, James Sullivan.

• Navori Labs → Signagelive — n/d majority buyout (digital signage). • Buy-side Legal: Hogan Lovells — Nikolas Zirngibl, Dr. Marcus Schreibauer.

• B Capital → CompanyCam — n/d Series C. • Sell-side IB: William Blair Investment Banking.

• Investors → Upstage — $45,000,000 Series B (AI).

Industrials & Infrastructure

• Lowe’s → Foundation Building Materials — $8.8bn (construction distribution). • Buy-side Legal: Freshfields — Damien Zoubek, Jenny Hochenberg.

• PFM Capital & McKay Métis Group → Weldco Heavy Industries — n/d divestiture. • Sell-side IB: Deloitte Corporate Finance — Klemens Wilhelm, Christine El-Zakhem, Julia Findlay, Ming Ho.

• Kirk Kapital → SiteCover A/S — n/d majority buyout (temporary weather protection). • Sell-side Legal: Accura — Mads Ilum, Cecilie Frost Adamsen, Alexander Lee.

• RINA → Foreship Ltd. — n/d divestiture (marine engineering).

• Ecore International → Pro-Techs Surfacing — n/d majority buyout (construction surfaces).

Energy & Infrastructure/Logistics

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

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

• ERA Partners single-asset continuation → American Aviation Holdings — $485m (aviation logistics). • Sell-side IB: Campbell Lutyens — David Perrin.

Consumer, Media & Digital

• Guess?, Inc. — take-private (apparel). • Sell-side IB: Solomon Partners — David Shiffman, Richard S. Brail, Kenneth Baronoff, Brandon Yoshimura + team.

• Centerfield → ConsumerVoice.org — n/d majority buyout (digital media platforms). • Sell-side IB: Vista Point Advisors — Mike Lyon.

• Chisholm-led consortium → Boston Celtics — n/d majority buyout (sports). • Buy-side IB: Lazard; Investor team: Bill Chisholm.

• Premier Foods → Merchant Gourmet — n/d divestiture.

• TBC Bank Group → OLX Uzbekistan — n/d majority buyout (digital classifieds).

Healthcare & Life Sciences

• XOMA Royalty → Mural Oncology plc — n/d majority buyout (biotech). • Buy-side Legal: Gibson Dunn — Ryan Murr, Branden Berns.

• StatLab Medical Products → Histoserve GmbH — n/d acquisition (lab services). • Buy-side Legal: Oppenhoff — Dr. Markus Rasner, Moritz Schmitz + team.

• StatLab Medical Products → DiaPath France (remaining stake) — n/d acquisition (diagnostics).

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

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