MERIDIAN WEEKLY

Project Finance · TMT · €7.1bn

Brookfield Selects KB Kookmin Bank to Arrange Syndicated Loan for Naver AI Infrastructure

Brookfield has selected KB Kookmin Bank to lead a KRW10.7tn ($8bn) syndicated loan. The financing will fund AI computing infrastructure for Naver in South Korea.

Source: Private Equity Wire

M&A · Consumer · €6.8bn

Thrive Holdings agrees to acquire ADT in all-cash transaction

Thrive Holdings, a permanent capital investment business established by Joshua Kushner’s Thrive Capital Management, has agreed to acquire home security provider ADT in a $7.6bn all-cash transaction.

Source: Private Equity Wire

LevFin · TMT · €6.2bn

Apple Issues $7 Billion in Bonds Amid Big Tech Debt Wave

Apple has issued $7 billion in bonds as part of a broader wave of debt issuances by major technology companies seeking to capture liquidity. Big tech giants have collectively launched operations to capture close to $400 billion.

Source: Cinco Dias

LevFin · Financial Services · €3.6bn

Vanguard Raises $4 Billion in Private Debt to Finance Altruist Acquisition

Vanguard Group has raised approximately $4 billion through the private placement debt market to finance its acquisition of digital wealth management platform Altruist. The financing was arranged by Bank of America.

Source: Private Equity Wire

M&A · Financial Services · €2.3bn

Ares Capital to acquire MidCap Financial from Apollo in cash-and-stock deal

Ares Capital has agreed to acquire Apollo Global Management's MidCap Financial Investment Corporation in a $2.6bn cash-and-stock transaction. The deal extends consolidation across the publicly traded private credit sector.

Source: Private Equity Wire

M&A · Consumer · €2.3bn

Cinven Sells Spanish Burger King Operator for €2.33 Billion

Cinven has agreed to sell Restaurant Brands Europe, the owner of Burger King in Spain, for a value of 2,330 million euros. The buyers are a group including its current president Gregorio Jiménez, the family office of Ignacio Sánchez Galán, and food group Costa.

Source: Cinco Dias

LevFin · Financial Services · €2.2bn

Castleton Commodities International Completes Renewal and Expansion of Credit Facilities

Castleton Commodities International LLC has successfully renewed and expanded two credit facilities totaling $2.4 billion, increasing the total from $2.1 billion in 2025. The facilities include a $2.0 billion component.

Source: PR Newswire

LevFin · Consumer · €2.1bn

JPMorgan and BofA Prepare Leveraged Financing for CVC's IFF Acquisition

JPMorgan Chase and Bank of America are preparing to market approximately $2.4bn in leveraged loans. The debt will back CVC Capital Partners' acquisition of International Flavors & Fragrances' food ingredients business.

Source: Private Equity Wire

M&A · Consumer · €2.3bn

Cinven Sells Spanish Burger King Operator for €2.33 Billion

Cinven has agreed to sell Restaurant Brands Europe, the owner of Burger King in Spain, for a value of 2,330 million euros. The buyers are a group including its current president Gregorio Jiménez, the family office of Ignacio Sánchez Galán, and food group Costa.

Source: Cinco Dias

Debt Advisory · Financial Services · €1.0bn

BBVA sells €1bn of AT1 CoCos at 6.5% to pre-fund 2027

BBVA has sold €1 billion of contingent convertible bonds (CoCos, Additional Tier 1 capital) with a 6.5% coupon, bringing forward part of its 2027 funding. Investor demand exceeded €8 billion, which lets the bank get ahead of upcoming maturities and replace regulatory capital i…

Source: Cinco Dias

ECM · TMT · €1.0bn

Ardian raises €1 billion for semiconductor investment platform

Private capital manager Ardian has raised €1 billion for its debut dedicated semiconductor investment platform. The fund attracted significant commitments from Middle Eastern investors to support artificial intelligence infrastructure.

Source: Private Equity Wire

LevFin · Financial Services · €1.0bn

BBVA Places EUR 1 Billion Contingent Convertible Bond Issue

BBVA has placed a contingent convertible bond issue, comprising CoCos or AT1 instruments, amounting to 1,000 million euros. The offering is designed to reinforce the bank's capital structure.

Source: Alertas Deuda Espana

Debt Advisory · TMT · €750m

Cellnex Telecom Issues €750 Million in Bonds

Cellnex Telecom has issued bonds for a nominal amount of 750 million euros, maturing on January 20, 2034, with an annual coupon of 4.375%. The bonds will be listed on the Irish Stock Exchange.

Source: Alertas Deuda Espana

LevFin · Industrials · €200m

Ebro Secures €200 Million Financing from China's Eximbank for Barcelona Plant

Spanish automotive company Ebro has finalized a 200 million euro financing agreement with the Chinese bank Eximbank. The funds are earmarked for a new paint facility and international expansion lines at its Barcelona plant.

Source: Expansion