Daily Deal Sheet | Weekend Edition | Aug 22, 2025–Aug 24 2025

Captured from posts published Friday–Sunday ending 24 Aug 2025 (GMT).

Why it matters

Energy and tech set the weekend pace: Cenovus agreed to buy MEG Energy for $7.9B, while Xerox moved on Lexmark ($1.5B) and Blackstone struck for Shermco ($1.6B). AI/TMT consolidation continued (Workday→Paradox; Databricks→Tecton), alongside notable carve-outs (Advent→Coherent A&D) and fresh growth rounds (Ontic $230M Series C; Aalo Atomics $100M Series B).

📝 Headline Transactions & Key Players

• Cenovus Energy → MEG Energy Corp. — $7,900,000,000 (majority buyout; Canada)
  • Sell-side IB: BMO Capital Markets; RBC Capital Markets; Sell-side Legal: Burnet, Duckworth & Palmer LLP; Norton Rose Fulbright
  • Buy-side IB: CIBC Capital Markets; Goldman Sachs; Buy-side Legal: McCarthy Tétrault; Paul, Weiss, Rifkind, Wharton & Garrison LLP

• Rosebank Industries → Electrical Components International — $1,900,000,000 (majority buyout; Industrials)
  • Sell-side IB: Goldman Sachs; Rothschild & Co; Guggenheim Securities — Daniel Blank, Ravi Gupta; Sell-side Legal: Debevoise & Plimpton — Kevin Rinker, Katherine E. Durnan Taylor, Dominic Blaxill
  • Buy-side IB: Barclays; Citi; Investec — Yuri Shakhmin, Michael Lavelle, Carlton Nelson; Buy-side Legal: Baker McKenzie; Simpson Thacher & Bartlett LLP — Nancy Hamzo, Lucy Gillett

• Blackstone → Shermco Industries — $1,600,000,000 (majority buyout; Industrial services)
  • Sell-side IB: Harris Williams — John Neuner, William P. Watkins; Buy-side IB: Stifel — Andrew Schwartz

• Xerox → Lexmark International, Inc. — $1,500,000,000 (majority buyout; Technology)
  • Sell-side Legal: Gibson Dunn — Michael D. Saliba, James Sullivan, Orin Snyder + team

• Superior Energy Services → Quail Tools — $600,000,000 (majority buyout; Oilfield services)
  • Sell-side: Nabors Industries Ltd. (seller) ; Buy-side IB: Houlihan Lokey — Mark Gerwig, Shahyar (Shah) Sotoudehnia

• Enterprise Products → natural gas gathering affiliate (Oxy) — $580,000,000 (divestiture; Midstream)
  • Sell-side Legal: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates — Mingda Zhao; White & Case LLP
  • Buy-side Legal: Sidley Austin LLP; Troutman Pepper Locke LLP

• Advent International → Coherent Corp. Aerospace & Defense business — $400,000,000 (carve-out divestiture; A&D)
  • Buy-side Legal: Covington & Burling LLP — David Fagan, Heather Finstuen

• Kite Pharma → Interius BioTherapeutics — $350,000,000 (majority buyout; Biotech)
  • Sell-side IB: Evercore; LifeSci Partners; Debt Providers: TD

• Workday → Paradox — n/d (majority buyout; SaaS)
  • Sell-side IB: Qatalyst Partners; Sell-side Legal: DLA Piper
  • Buy-side IB: Morgan Stanley; Buy-side Legal: Orrick, Herrington & Sutcliffe LLP

• Blackstone → Warehouse REIT — n/d (public-to-private; UK REITs)
  • (Advisers n/d)

• Ontic — $230,000,000 Series C (Cybersecurity)
  • (Advisers n/d)

• Kindred Ventures → Aalo Atomics — $100,000,000 Series B (Energy/advanced manufacturing)
  • Investor team: n/d

👤 People on the Move (Fri–Sun)

• Victoria Gillam — Co-Head of London Office, MD & DGC | Tikehau Capital (new role)

• Adrien Ramesan — Partner (NA ALLSTRAT Defense Growth Equity) | NewAlpha AM (new role)

• Janne Tapaila — Director, Corporate Finance | Nordic Growth Oy (new role)

• Cody Capps — Partner & Head of Venture Secondaries | Manhattan Venture Partners (new hire; ex-Forge Global/Citi)

• Evan Jones — Private Equity Associate | Silver Lake (new hire)

• Jessica Agneessens — Associate, Private Equity | BCI (London) (new hire)

• Morten Nissov — Chief Executive Officer | Polaris (new hire)

🔍 Sector Snapshots
Energy & Infrastructure

• Cenovus → MEG Energy — $7.9B (majority buyout). • Sell-side IB: BMO; RBC.

• Superior Energy → Quail Tools — $600M. • Buy-side IB: Houlihan Lokey — Mark Gerwig.

• Enterprise Products → Oxy gas-gathering affiliate — $580M (divestiture). • Sell-side Legal: Skadden — Mingda Zhao.

• Wirelane → Ladegrün — n/d (utilities EV charging).

TMT & Software

• Workday → Paradox — n/d (SaaS). • Sell-side IB: Qatalyst.

• Databricks → Tecton — n/d (SaaS/MLOps).

• Visma → milia.io; Visma → Taxy.io — n/d (SaaS add-ons).

• Fifth Third Bank → DTS Connex — n/d (FinTech). • Buy-side IB: JEGI LEONIS.

Industrials & Business Services

• Rosebank → ECI — $1.9B. • Sell-side IB: Goldman; Rothschild; Guggenheim.

• Blackstone → Shermco — $1.6B. • Sell-side IB: Harris Williams.

• Platte River Equity → Chemtech-Ford Laboratories — n/d (lab services). • Sell-side IB: Raymond James.

• RAN Group (Norvestor-backed) → BDO Business Services — n/d (BPO). • Sell-side IB: DNB Carnegie.

Consumer & Financial Services

• Shawbrook → ThinCats — £180M (lender platform buyout). • Sell-side IB: Fenchurch Advisory Partners.

• Premier Foods → Merchant Gourmet — £48M (F&B). • Sell-side Legal: Dentons — Neil Nicholson.

• Pollen Street Capital → Leonard Curtis — n/d (business services). • Buy-side IB: Clearwater — Martine McAuliffe.

Healthcare

• Kite Pharma → Interius BioTherapeutics — $350M (biotech). • Sell-side IB: Evercore; LifeSci Partners.

• Tempus AI → Paige — n/d (diagnostics platform).

• APL → Strängnäs facility (Meribel Pharma Solutions) — n/d (divestiture). • Sell-side IB: William Blair.

For the full ledger — every deal, round, adviser, and hire — follow us on LinkedIn and request early access to the full database. This Weekend Edition covers 100+ items across deals, raises, and people moves.