THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS

PHOTO: MEDLINE

Medline set for blockbuster IPO with secret filing; at $50B value

The Illinois-based medical supplies provider has confidentially filed for an initial public offering in the US, paving the way for one of the major stock market flotations in 2025 that could value the company as high as $50 billion. Read here

FedEx jumps on plan to spin off $30B freight unit

Shares of the Memphis-based logistics and transportation giant soared after the company said it plans to spin off its freight division into a separate publicly traded company in a deal that will streamline the company. Read here

PHOTO: TOMÁS DEL CORO

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TPG set to buy Crown Castle fiber unit for $8B

The Texas-based alternative asset manager is in advanced talks to acquire the communication tower operator’s fiber and wireless business, according to people familiar with the matter. Read here

PHOTO: TPG

Apollo says private credit may reach $40Tr by 2030

TThe New York-based private equity firm said that a booming part of private credit is already a $20 trillion industry and that the market as a whole may reach $40 trillion within the next five years. Read here

PHOTO: APOLLO

DEALS ROUNDUP

INTERNATIONAL MARKETS

Tech firm OURA at $5.2B valuation with $200M raise

The Finnish wearable unicorn, which recently released the Oura Ring 4 with Smart Sensing technology, has closed its Series D funding led by Fidelity and Dexcom. Read here

SoftwareOne to buy Crayon in $1.4 B takeover deal

The Swiss technology firm has agreed to buy the Norwegian IT consultancy in a stock and cash deal. Around 70% of the entity's revenue would be related to business with Microsoft. Read here

UK regulator may clear Synopsys’ $35B Ansys deal

Britain's competition watchdog said it could approve the chip design software maker’s acquisition of the engineering simulation leader if concerns are resolved. Read here

KKR extends tender offer for Fuji Soft to Jan 9

The global investment firm has extended its tender offer period for the Japanese software maker as it battles rival private equity firm Bain Capital for control. Read here