M&A Annual Review 2025

Terms Undisclosed Sale to Blackstone Counsel to CMIC Holdings €50 Million Growth Investment in DMC Production Counsel to Coral Tree Partners $350 Million Joint Venture with Restaurant Brands International to Operate Burger King China Counsel to CPE Terms Undisclosed Acquisition of Epogee Counsel to David Protein Terms Undisclosed Investment in KERV.ai Counsel to Coral Tree Partners Terms Undisclosed Minority Investment from TSG Consumer Partners Counsel to Crumbl Cookies Terms Undisclosed Sale to Datadog Counsel to Eppo $2.7 Billion Tender Offer to Privatize Fujitec Counsel to EQT $1.1 Billion Sale of Pioneer to CarUX Counsel to EQT Terms Undisclosed Acquisition of Dice Counsel to Fever Terms Undisclosed Sale of TRYT to TCG2505 Counsel to EQT Life Sciences & Digital Health Life Sciences & Digital Health Terms Undisclosed Evaluation of GoingPrivate Proposal Counsel to Special Committee of the Board of Directors of Emeren Terms Undisclosed Investment in Mirus Software Counsel to Elvaston Capital Management Terms Undisclosed Sale to Internet Truckstop Group Counsel to Denim Terms Undisclosed Sale of 43% Stake in Crystal Palace Football Club Counsel to Eagle Football $350 Million Sale to MISUMI Group Counsel to Fictiv Terms Undisclosed Public Takeover of GK Software SE Counsel to Fujitsu ND Solutions AG Terms Undisclosed Partnership with MBK to Acquire FICT from Advantage Partners Counsel to FormFactor $390 Million Techpoint’s Acquisition by ASMedia Technology Counsel to Greenhill & Co., Financial Advisor to Techpoint $1 Billion Sale of GTreasury to Ripple Counsel to Hg Capital Terms Undisclosed Acquisition of ONR Applications Counsel to Hg Capital and its Portfolio Company CINC Systems Terms Undisclosed Acquisition of FairNow Counsel to Hg Capital and its Portfolio Company AuditBoard Terms Undisclosed Restructuring Transactions Counsel to Hooters Inc. and Hoot Owl Restaurants Terms Undisclosed Sale to ClickHouse Counsel to HyperDX $2.8 Billion Acquisition of Marvell Technology’s Automotive Ethernet Business Counsel to Infineon Technologies 2025 M&A Annual Review 57

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