Acquisition

OFA Group (Nasdaq: OFAL) plans to acquire a 60% stake in Aspire Homes Realty and RateDNA, a real estate and lending platform, to expand its revenue streams. This strategic move aims to leverage the acquired team’s expertise and drive growth in residential real estate and specialty lending markets. The acquisition, expected to offer integrated services and investor-focused mortgage products, is subject to risks outlined in forward-looking statements.

Four Corners Property Trust (FCPT) has acquired four Cheddar’s Scratch Kitchen locations for $14.7 million. The net-leased properties, located in Kentucky, Indiana, and Virginia, are corporate-operated with long-term, triple net leases. The acquisition, completed at a consistent cap rate, aligns with FCPT’s strategy of expanding its portfolio of quality restaurant and retail assets and securing reliable, long-term revenue.

Volvo CE will acquire Swecon’s operations in Sweden, Germany, and the Baltics for 7 billion SEK, including Entrack. This strategic acquisition, expected to close in H2 2025, aims to strengthen Volvo CE’s retail presence in key European markets. The deal encompasses all Swecon operations, including sales, rentals, and service, with approximately 1,400 employees. This move will allow Volvo CE to control most of its European business, enhancing customer satisfaction.

Hillhouse Capital is reportedly leading a potential acquisition of Starbucks China, with a management roadshow recently completed. Goldman Sachs values the business at $5-6 billion. The deal follows prior reports of Starbucks seeking strategic investors. Starbucks China generated $3 billion in revenue in 2024, but profit and growth slowed. The acquisition is driven by competition from domestic brands like Luckin Coffee, prompting Starbucks to expand into lower-tier cities and rural markets.

WhiteHawk Income Corporation’s tender offer for PHX Minerals Inc. has been largely accepted, with approximately 73.8% of PHX shares tendered. The acquisition is set to finalize on June 23, 2025. WhiteHawk, focused on acquiring mineral interests in key natural gas plays, will acquire PHX. The deal is subject to risk, including integration issues.

BMO is acquiring Burgundy Asset Management for $625 million in BMO shares to expand its wealth management services. This deal significantly strengthens BMO’s capabilities for high-net-worth and ultra-high-net-worth clients. Burgundy, with $27 billion in assets under management, will integrate into BMO Wealth Management, enhancing BMO’s position in the Canadian Investment Counsel market. The acquisition is expected to close by the end of 2025.

Eli Lilly will acquire Verve Therapeutics, a clinical-stage company focused on gene editing therapies for cardiovascular disease. The deal, valued at approximately $1 billion, aims to advance Verve’s one-time treatment approach targeting genes linked to heart disease. Lilly plans to leverage its expertise in cardiometabolic diseases and gene medicines to develop Verve’s pipeline, including VERVE-102.

TCTM Kids IT Education Inc. (VSA) announced a non-binding LOI to acquire HopeAI, a leader in AI solutions for clinical development. This move aims to expand VSA’s presence in the AI-driven biopharmaceutical sector. HopeAI’s platforms offer solutions to reduce clinical trial timelines and improve efficiency. The acquisition is subject to customary closing conditions and will allow VSA to leverage HopeAI’s technology to advance drug development.

BEST SPAC I Acquisition Corp. completed its $55 million IPO, priced at $10 per unit, on Nasdaq under the symbol BSAAU. The British Virgin Islands-based SPAC’s offering, managed by Maxim Group LLC, includes an over-allotment option. With focus on the consumer goods sector, the company aims to merge with a suitable target. The SEC declared the registration statement effective on June 12, 2025.

TotalEnergies acquired a 25% stake in 40 offshore exploration leases from Chevron in the U.S., spanning ~1,000 sq km across Walker Ridge, Mississippi Canyon, and East Breaks areas. This expands TotalEnergies’ U.S. offshore presence, building on collaborations with Chevron in projects like Ballymore and Anchor. The move reinforces TotalEnergies’ commitment to low-emission projects and its integrated energy strategy, including significant investments in LNG and renewables in the U.S. since 2022.