MergerLinks

KKR, an American global investment company, and Dragoneer Investment Group, an investment firm, completed the acquisition of Instructure, an educational technology company, for $4.8bn. You can submit deals you were involved with here: https://lnkd.in/d_Firwmh "Given its unique positioning at the center of academic life, Instructure has a distinct opportunity to be a true end-to-end partner to students, teachers and administrators. Instructure has evolved into an expansive platform focused on delivering strong student outcomes under Thoma Bravo's stewardship. We look forward to working with Steve and the Instructure management team to accelerate growth and continue scaling its global portfolio of products," Webster Chua, KKR Partner. Instructure (led by Steve Daly, Peter A Walker, Chris Ball and Matt Kaminer) was advised by J.P. Morgan, Macquarie Group, Kirkland & Ellis (led by Peter Stach, Brad Reed and Jeremy Mandell), Latham & Watkins (led by Robert Katz and Charles Ruck). Financial advisors were advised by Sullivan & Cromwell LLP (led by Stephen Kotran). KKR (led by Webster Chua) was advised by Moelis & Company, Morgan Stanley, UBS and Simpson Thacher & Bartlett LLP (led by Marni Lerner and Joey Mayer). Dragoneer Investment Group (led by Christian Jensen) was advised by Ropes & Gray LLP. Thoma Bravo is led by Holden Spaht and Brian Jaffee. #MergersAcquisitionsDivestitures #PrivateEquity #Education #EdTech

Ovintiv, an American petroleum company, agreed to acquire certain Montney assets of Paramount Resources, a Canadian petroleum company, for $2.38bn. You can submit deals you were involved with here: https://lnkd.in/d_Firwmh “We are acquiring top decile rate of return assets in the heart of the Montney oil window. This acquisition is the targeted result of our in-depth technical and commercial analysis of the basin to identify the highest value undeveloped oil resource. The acquired assets have demonstrated leading well performance and are a natural fit with our operating advantage and our existing acreage. The assets come with ample midstream capacity, unlocking optionality for mid-single digit growth in our Montney oil and condensate volumes. The Montney is the second largest undeveloped oil resource in North America, and with this acquisition, we have solidified our position as the premier operator in the play," Brendan McCracken, Ovintiv President and CEO. Ovintiv (led by Brendan McCracken, Corey Code and Greg Givens) is advised by J.P. Morgan, Jefferies, Morgan Stanley and Blake, Cassels & Graydon LLP. Financial advisors are advised by Gibson Dunn. Paramount Resources (led by James Riddell, Paul Kinvig and Mark Franko) is advised by ATB Capital Markets, BMO Capital Markets, Peters & Co. Limited, RBC Capital Markets and Norton Rose Fulbright. #MergersAcquisitionsDivestitures #OilandGas #Energy

ZMC, a New York-based private equity firm, completed the acquisition of a majority stake in Pure Wafer, a semiconductor silicon wafer solutions and services provider. Financial terms were not disclosed. You can submit deals you were involved with here: https://lnkd.in/d_Firwmh “A shared vision and an understanding of the commitment needed to drive a winning growth plan underpins this inspiring new partnership. ZMC’s investment in advanced technology, operational capabilities and equipment to drive growth will help us extend our industry leadership and enhance our unique silicon solutions offerings to more quickly meet the demand from new and existing semiconductor customers,” S. Mark Borowicz, Pure Wafer CEO. Pure Wafer was advised by TD, Taft Stettinius & Hollister LLP and Hill & Kincaid (led by Alison Parnell). ZMC was advised by Sidley Austin. #MergersAcquisitionsDivestitures #PrivateEquity #Semiconductors

Altas Partners, a North American private equity firm, completed the $1bn investment in The Carlyle Group and Stone Point Capital-backed Sedgwick, a claims management, loss adjusting and technology-enabled business solutions provider. You can submit deals you were involved with here: https://lnkd.in/d_Firwmh "Today marks a significant milestone for Sedgwick as we embark on our journey that brings together a strategic vision building on our global footprint, comprehensive service capabilities and new service offerings for decades to come. We are grateful to our team of investors for their continued support of our work," Michael Arbour, Sedgwick CEO. Sedgwick (led by Michael Arbour and Henry Lyons) was advised by Bank of America, Morgan Stanley and Latham & Watkins (led by Paul F. Sheridan Jr.). Altas Partners (led by Paul Emery) was advised by Barclays, J.P. Morgan, Kirkland & Ellis (led by Keri Schick Norton) and FGS Global (led by Andrew Cole and Julie Rudnick). Stone Point Capital (led by James Carey) was advised by Simpson Thacher & Bartlett LLP (led by Elizabeth Cooper). Caisse de dépôt et placement du Québec (CDPQ) was advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Adam Givertz). #MergersAcquisitionsDivestitures #PrivateEquity #Insurance

Welcome to MergerLinks Daily Review, your daily dose of M&A news before your morning coffee. Subscribe now and never miss a beat with MergerLinks. Bankers mentioned: Sjoerd van Hooijdonk, Sean Liu, Dominic Lee, Tim Shacklock, Bas van der Vlist, Keiran Wilson and Bobak Shoraka. Lawyers mentioned: Jeremy Veit. PR Advisors mentioned: Rosh Field. #MergersandAcquisitions #FinancialServices #Corporate

Japanese personal-care business FineToday will debut on the Tokyo Stock Exchange’s Prime Market in December, with an estimated market value of JPY219.4bn ($1.4bn) based on the indicative price, Bloomberg reported. The CVC-backed company’s initial public offering may raise as much as JPY88.3bn ($573m) globally, including overallotment option, based on its indicative price of JPY2.15k ($14). The firm plans to list on December 17. #Cosmetics #Retail #IPO

Japanese utility Kansai Electric Power Co., Ltd plans to raise JPY504.9bn ($3.3bn), which includes a public offering of about 148m new shares, DealStreetAsia reported. The company plans to use JPY239.9bn ($1.56bn) to improve energy efficiency and for decarbonisation, while some other funds would be used for data centres, renewable energy and overseas investments, among other purposes. #Energy #CapitalMarkets #AsiaPacific

Swedish payments firm Klarna has filed for an initial public offering in the US, ending months of speculation that the company was readying a stock market listing, Bloomberg reported. Klarna confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission regarding the IPO. The number of shares to be offered and the price range have not yet been determined. #Payments #Banking #IPO

After a tough year, Microsoft’s video-gaming chief, Phil Spencer, is still looking at acquisitions and charting how to compete and partner in the markets for handheld game devices and mobile stores, Bloomberg reported. Spencer noticed that deals adding geographic diversity, including in Asia, might be worthwhile. Buying another mobile company would add to titles Microsoft picked up in its $69bn acquisition of Activision Blizzard last year. #Acquisitions #Gaming #UnitedStates

Coterra Energy, a company engaged in hydrocarbon exploration, agreed to acquire Franklin Mountain Energy, LLC, a CO based company focused on investments & operations in the upstream and midstream sectors of O&G, and Avant Natural Resources, a privately funded oil and gas company, for $3.95bn. You can submit deals you were involved with here: https://lnkd.in/d_Firwmh “We are thrilled to announce the pending acquisition of two high-quality Permian Basin asset packages. These highly accretive acquisitions create an expanded core area in New Mexico that plays to Coterra’s organizational strengths. In addition to adding significant oil volumes in 2025, the acquired assets provide inventory upside to established and emerging oil-weighted formations,” Tom Jorden, Coterra Chairman, CEO, and President. Franklin Mountain Energy (led by Craig Walters) is advised by Jefferies and Kirkland & Ellis (led by John Kaercher, Chris Heasley, Albert Jou, R. David Wheat, Rebecca Fine, Jonathan Kidwell, Chuck Boyars and Christie Alcala). Avant Natural Resources (led by Jacob Nagy and Skyler Gary) is advised by Petrie Partners, LLC, TPH&Co. and Kirkland & Ellis. Coterra Energy (led by Thomas Jorden) is advised by J.P. Morgan, PNC, TD Securities, Gibson Dunn and Veriten. #MergersAcquisitionsDivestitures #Energy #OilandGas