Madison Bidco Ltd (consortium led by Lightrock, Carbon Direct Capital, GenZero and Kibo) to Acquire Velocys

Merck & Co., Inc. Acquires VelosBio Inc.

November 5, 2020

Biotechnology

Merck & Co., Inc. will acquire all outstanding shares of clinical-stage biopharmaceutical company VelosBio for $2.75 billion in cash. The acquisition adds VelosBio's lead investigational antibody-drug conjugate VLS-101 and ROR1-directed pipeline assets to Merck's oncology portfolio and is expected to close by the end of 2020, subject to customary conditions.

Cerberus, EBRD and IFC Acquire VeloBank from Poland's Bank Guarantee Fund

August 1, 2024

Financial Services

An affiliate of Cerberus Capital Management, together with the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), has completed the acquisition of 100% of VeloBank from Poland’s Bank Guarantee Fund. The new owners recapitalised VeloBank with PLN 687 million, removed its bridge-bank status and positioned the universal bank for growth across retail, SME and corporate lending in Poland.

Cerberus Acquires Vivace International

February 18, 2026

Aerospace & Defense

An affiliate of Cerberus Capital Management has completed the full acquisition of Vivace International, a New Orleans–based maker of mission‑critical propulsion tanks and aerospace systems. Cerberus initially made a growth investment in 2024 and plans to scale Vivace's production capacity and advanced manufacturing capabilities to support an expanding portfolio of U.S. defense and spaceflight programs; retired Space Force Colonel and former NASA astronaut Michael Hopkins has joined Vivace as a Senior Advisor.

Spartan Delta Corp. Acquires Velvet Energy Ltd.

August 31, 2021

Energy

Spartan Delta Corp. closed the previously announced acquisition of Velvet Energy Ltd., a privately held light-oil Montney producer in northwest Alberta, for approximately CAD 751.5 million in cash, shares and assumed net debt. The deal (funded via equity financing, a new five-year term facility and revolver capacity) adds ~20,600 boe/d of production and large Montney acreage, positioning Spartan as a leading Montney oil producer and acreage holder.

cleanwater1 Acquires Velocity Dynamics, LLC

January 3, 2024

Environmental Services

cleanwater1 (formerly UGSI Solutions), a Baird Capital portfolio company, has acquired Velocity Dynamics, LLC, a provider of proprietary dry and liquid feed systems for chemistry optimization in water/wastewater utilities and industrial plants. The deal expands cleanwater1’s product and engineering capabilities in polymer blending, chemical feed and bulk handling to support customers facing higher chemical costs and stricter environmental requirements.

Arendals Fossekompani, Advent International and Generation Invest in Volue ASA

October 28, 2024

Software

Arendals Fossekompani, Advent International and Generation Investment Management, via their acquisition vehicle Edison Bidco, have completed a voluntary tender offer to acquire Volue ASA. The take-private buyout positions Volue to accelerate growth as a supplier of software and data solutions to the energy and infrastructure sectors, supporting both organic expansion and future add-on acquisitions.