February 2025 witnessed a series of significant mergers and acquisitions across various industries, reflecting a dynamic shift in the global business landscape. Here’s an overview of the notable deals that took place during the month:
MBK Partners Acquires FICT for $656.3 Million
MBK Partners, a leading Asian private equity firm, expanded its portfolio by acquiring FICT, a prominent player in the technology sector, for $656.3 million. This strategic move aims to bolster MBK’s presence in the rapidly evolving tech industry, leveraging FICT’s innovative solutions to drive growth and competitiveness.
McKesson Corporation’s $850 Million Purchase of PRISM Vision Holdings
In a bid to enhance its ophthalmology offerings, McKesson Corporation acquired PRISM Vision Holdings for $850 million. This acquisition is set to strengthen McKesson’s specialty health services, providing comprehensive eye care solutions and expanding its footprint in the healthcare sector.
Permira’s $1.8 Billion Acquisition of Encore Fire Protection
Global investment firm Permira announced the acquisition of Encore Fire Protection for $1.8 billion. Encore, known for its fire protection services, will benefit from Permira’s resources and expertise, aiming to accelerate growth and expand its service offerings across new markets.
TPG’s $2.2 Billion Investment in Altus Power
TPG, a global alternative asset firm, invested $2.2 billion in Altus Power, a leader in clean energy solutions. This investment underscores TPG’s commitment to sustainable energy initiatives and positions Altus Power for significant expansion in the renewable energy sector.
Paloma Rheem Holdings’ $1.6 Billion Acquisition of Fujitsu General
On February 26, 2025, Paloma Rheem Holdings received approval from the Competition Commission of India (CCI) to acquire Fujitsu General for $1.6 billion. This acquisition is expected to enhance Paloma Rheem’s product portfolio and strengthen its position in the global HVAC market.
Flywire’s $330 Million Acquisition of Sertifi
On February 25, 2025, Flywire, a global payments enablement and software company, acquired Sertifi for $330 million. This strategic move aims to enhance Flywire’s payment solutions, particularly in the hospitality and travel sectors, by integrating Sertifi’s innovative payment and agreement technologies.
Olam’s $1.8 Billion Stake Sale in Agribusiness Unit to Saudi Arabia
On February 24, 2025, Olam International announced plans to sell a 44.6% stake in its agribusiness unit to Saudi Arabia for $1.8 billion. This transaction is part of Olam’s strategy to optimize its portfolio and strengthen its balance sheet, while providing Saudi Arabia with a significant position in the global agribusiness sector.
Saipem and Subsea7’s $4.63 Billion Merger
On February 22, 2025, Italian oilfield services company Saipem agreed to merge with rival Subsea7 in an all-stock deal valued at $4.63 billion. This merger aims to create a more competitive entity in the oil and gas industry, combining resources and expertise to better serve global clients.
Celsius Holdings’ $1.8 Billion Acquisition of Alani Nu
On February 21, 2025, Celsius Holdings announced plans to acquire Alani Nu for $1.8 billion. This acquisition is set to expand Celsius’ product offerings in the health and wellness sector, leveraging Alani Nu’s strong brand presence and customer base.
Warburg Pincus and Berkshire Partners’ $3 Billion Acquisition of Triumph
Warburg Pincus and Berkshire Partners collaborated to acquire Triumph, a leader in the aerospace sector, for $3 billion. This acquisition is expected to drive innovation and growth within Triumph, leveraging the combined expertise and resources of both investment firms.
Novonesis’ €1.5 Billion Acquisition of dsm-Firmenich
Novonesis expanded its footprint in the specialty chemicals sector by acquiring dsm-Firmenich for €1.5 billion. This strategic move aims to enhance Novonesis’ product portfolio and strengthen its position in the global market.
TE Connectivity’s $2.3 Billion Acquisition of Richards Manufacturing Co.
TE Connectivity, an Ireland-based industrial technology company, acquired Richards Manufacturing, a leading U.S. manufacturer of electrical and gas distribution products, for $2.3 billion. This acquisition is set to strengthen TE’s position in the rapidly expanding energy sector, particularly in North America’s grid modernization efforts.
Hyatt Hotels Corporation’s $2.6 Billion Acquisition of Playa Hotels & Resorts
Hyatt Hotels Corporation announced plans to acquire Playa Hotels & Resorts, a prominent operator of all-inclusive resorts across Mexico and the Caribbean, for $2.6 billion. This acquisition aims to strengthen Hyatt’s all-inclusive offerings and optimize its existing infrastructure in key markets.
Columbus McKinnon Corporation’s $2.7 Billion Acquisition of Kito Crosby Limited
Columbus McKinnon Corporation expanded its industrial equipment offerings by acquiring Kito Crosby Limited for $2.7 billion. This strategic move is expected to enhance Columbus McKinnon’s global presence and product portfolio in the material handling sector.
Novartis’ $3.1 Billion Acquisition of Anthos Therapeutics
Novartis strengthened its cardiovascular portfolio by acquiring Anthos Therapeutics for $3.1 billion. This acquisition is expected to enhance Novartis’ position in the cardiovascular market, bringing innovative therapies to patients worldwide.
Light & Wonder’s $1.05 Billion Purchase of Grover Gaming’s Assets
Light & Wonder expanded its gaming portfolio by acquiring assets from Grover Gaming for $1.05 billion. This acquisition aims to enhance Light & Wonder’s product offerings and strengthen its position in the gaming industry.
Sherwin-Williams’ $1.15 Billion Acquisition of BASF’s Brazilian Architectural Paints Business
Sherwin-Williams expanded its international presence by acquiring BASF’s Brazilian architectural paints business for $1.15 billion. This acquisition is expected to strengthen Sherwin-Williams’ position
Asbury Automotive Group Acquires The Herb Chambers Companies for $1.3 Billion
Asbury Automotive Group, one of the largest automotive retailers in the U.S., expanded its footprint with the $1.3 billion acquisition of The Herb Chambers Companies. This deal strengthens Asbury’s position in the Northeast and enhances its portfolio of high-end dealerships.
Shift4 Acquires Global Blue for $2.5 Billion
Payment technology leader Shift4 made a significant move by acquiring Global Blue, a specialist in tax-free shopping and payments, for $2.5 billion. This acquisition is expected to accelerate Shift4’s international expansion, providing seamless payment solutions for global travelers and merchants.
NARI Acquires Inari Medical Inc.
NARI announced the acquisition of Inari Medical Inc., a deal that will boost its capabilities in vascular medicine. The acquisition aligns with NARI’s mission to develop advanced solutions for venous and arterial diseases.
Stryker Corp. Acquires Medical Technology Firm
Stryker Corp. (SYK), a global leader in medical technology, made a strategic move in the healthcare sector with an acquisition that strengthens its product pipeline in medical devices. This acquisition is expected to enhance innovation and expand patient care solutions.
Zuora Secures Investments from Silver Lake Partners and GIC Private Ltd.
Zuora Inc. (ZUO), a cloud-based subscription management platform, announced investment deals with Silver Lake Partners and GIC Private Ltd. These investments are expected to fuel Zuora’s growth in the rapidly evolving subscription economy.
Coeur Mining Acquires Silvercrest Metals Inc.
Coeur Mining Inc. (CDE) announced the acquisition of Silvercrest Metals Inc. (SILV), strengthening its portfolio in the silver mining industry. This deal supports Coeur’s expansion strategy and enhances its production capabilities.
Innovid Corp. Merges with Mediaocean
Innovid Corp. (CTV) announced its merger with Mediaocean, creating a powerful digital advertising technology company. This merger is set to improve ad measurement and delivery solutions for brands worldwide.
Retail Opportunity Investments Corp. Acquired by Blackstone
Retail Opportunity Investments Corp. (ROIC) was acquired by Blackstone Real Estate Partners X LP and Blackstone Inc. (BX). This acquisition strengthens Blackstone’s retail property holdings, particularly in high-demand markets.
Marinus Pharmaceuticals Acquired by Immedica Pharma AB
Marinus Pharmaceuticals Inc. (MRNS) announced its acquisition by Immedica Pharma AB. This deal is expected to advance the development and commercialization of innovative treatments for neurological disorders.
Summit Materials Merges with Quikrete Holdings Inc.
Summit Materials Inc. (SUM) announced its merger with Quikrete Holdings Inc. This deal creates a leading supplier in the construction materials industry, combining expertise in cement, aggregates, and ready-mix concrete.
Revance Therapeutics Acquired by Crown Laboratories Inc.
Crown Laboratories Inc. announced the acquisition of Revance Therapeutics Inc. (RVNC). This acquisition strengthens Crown’s presence in the aesthetics and dermatology sectors, expanding its portfolio of skincare and injectable products.
Adams Resources & Energy Acquired by Tres Energy LLC
Adams Resources & Energy Inc. (AE) was acquired by Tres Energy LLC, a move that enhances Tres Energy’s energy infrastructure and distribution capabilities.
Avid Bioservices Receives Investments from GHO Capital and Ampersand Capital Partners
Avid Bioservices Inc. (CDMO) secured investments from GHO Capital Partners LLP and Ampersand Capital Partners. These investments will support Avid’s expansion in the biologics contract manufacturing sector.
Brightcove Acquired by Bending Spoons SpA
Brightcove Inc. (BCOV), a video streaming technology company, was acquired by Bending Spoons SpA. This acquisition aims to strengthen Brightcove’s digital content delivery capabilities and expand its reach in the media industry.
February 2025 was a dynamic month for mergers and acquisitions across various industries, with major deals reshaping sectors like healthcare, technology, energy, and consumer goods.
Notable transactions included Warburg Pincus and Berkshire Partners’ $3 billion acquisition of Triumph, Novartis’ $3.1 billion purchase of Anthos Therapeutics, and TPG’s $2.2 billion investment in Altus Power. Other key deals saw Celsius Holdings acquiring Alani Nu for $1.8 billion, Hyatt Hotels purchasing Playa Hotels & Resorts for $2.6 billion, and Shift4 acquiring Global Blue for $2.5 billion. Private equity remained active, with MBK Partners acquiring FICT for $656.3 million and Permira investing $1.8 billion in Encore Fire Protection. Meanwhile, Blackstone expanded its real estate holdings with the acquisition of Retail Opportunity Investments Corp., and Zuora secured strategic investments from Silver Lake Partners and GIC Private Ltd.
The month also saw major healthcare and energy sector moves, including McKesson’s $850 million acquisition of PRISM Vision Holdings and Olam’s $1.8 billion stake sale in its agribusiness unit to Saudi Arabia. These deals highlight the continued momentum in global M&A activity as companies seek strategic growth and market expansion opportunities.