Know What's Happening in Investment Banking
Know What's Happening in Investment Banking
Flex to acquire Electrical Power Products for $1.1B
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for approximately $1.1 billion in cash. The target contributes about $323 million of annual revenue and delivers a mid‑to‑high‑teens EBITDA margin, and Flex expects the deal to be accretive to adjusted earnings per share in the first full fiscal year after closing.
Our weekly DCF model values Pfizer Inc. at roughly $14‑15 per share, far below its current trading level near $27. The analysis uses a 9% discount rate, 2% terminal growth, and projects free cash flow stabilizing around $10 billion by 2029, yielding an enterprise value of $133.7 billion and equity value of $83.3 billion. After the pandemic surge, Pfizer is reverting to a traditional large‑cap pharma profile, facing slower growth and patent‑cliff pressures. The resulting margin of safety is approximately –45%, indicating modest overvaluation.
Orbital data‑center startup Aetherflux announced a new financing round that values the company at $2 billion. The Series B round seeks between $250 million and $300 million, according to sources. Aetherflux is led by Baiju Bhatt, the co‑founder of Robinhood, and plans to develop data...
Anthropic PBC, the creator of the Claude chatbot, is weighing an initial public offering as early as October 2026. The company has begun preliminary discussions with leading Wall Street banks to serve as underwriters. An IPO would provide fresh capital...
Sunway just crushed the IJM vote with a massive 99.27% win and the MACC finally got off their back. Is this RM11 billion deal unstoppable now? (Save this for later) 1. Shareholders aren't blinking. 2. The MACC drama is over. 3. Take it...
The article examines how high‑net‑worth investors are using secondary‑market vehicles and private‑placement structures to access coveted tech startups before they list publicly. This growing “scarcity premium” reflects limited IPO supply and drives higher valuations in private trades. Analysts warn that...
Mastercard has engaged investment bankers to explore selling the real‑time payments business it bought from Denmark’s Nets in 2019 for $3.2 billion. The unit, which produces roughly $370 million in revenue and $100 million EBITDA, is expected to fetch a price below its...
IPA Capital Markets, a Marcus & Millichap division, arranged a $31.61 million refinancing for The Flats at Leighton District, a 234‑unit multifamily complex with ground‑level retail in Lincoln, Nebraska. The loan carries a five‑year term, full‑term interest‑only payments and a fixed...
Future Money Acquisition Corporation (NASDAQ:FMACU) priced its $100 million initial public offering and will begin trading on Nasdaq on March 27, 2026. The SPAC is targeting a merger with a company operating in artificial intelligence, Web3, or intelligent manufacturing. Sponsor leadership...
Arizona’s state pension fund is adopting a more aggressive stance toward private equity, citing “cautious optimism” about an improving M&A environment. The fund plans to allocate additional capital to capture opportunities in what it describes as a bifurcated market, where...
Micron Technology is in talks to purchase Japan Display's shuttered LCD production plant in Chiba, Japan. The U.S. memory maker plans to repurpose the facility for semiconductor chip assembly and testing rather than display manufacturing. Acquiring the site would give...
Engineering and consulting firm AtkinsRéalis priced a $700 million private debenture offering, issuing $400 million of 4.411% Series 9 notes and $300 million of 4.756% Series 10 notes. The proceeds will retire $700 million of existing debt and the company received a BBB rating upgrade from...
Everybody Loves Languages Corp. (ELL) announced that shareholders approved its amalgamation with ELL Ventures Ltd., creating a new entity called Amalco. The transaction is slated for completion around April 10 2026, subject to customary conditions. Upon closing, ELL common shares will be...
Hitachi and GE Vernova have launched a $40 billion joint venture to install BWRX‑300 small modular reactors in Tennessee and Alabama over the next five years. The project will contribute roughly 3 GW – about one percent of U.S. electricity generation –...
Swiss startup Pave Space closed a $40 million seed round led by Visionaries Club and Creandum to develop a 20‑metric‑ton heavy‑kickstage capable of transferring satellites from low‑Earth orbit to GEO, MEO or lunar trajectories in less than a day. The funding...
East Bay Municipal Utility District (EBMUD) will price $675 million of water‑system revenue bonds, split between a $329 million green series and a $365 million refunding series. The issuance arrives amid heightened market volatility caused by the Israel‑Iran conflict, yet EBMUD’s strong credit...
Moniepoint has secured a foothold in Kenya by acquiring a 78% stake in Sumac Microfinance Bank, gaining an immediate deposit‑taking licence. The acquisition follows a stalled attempt to buy Kopo Kopo and comes days after Moniepoint bought Nigerian restaurant‑software firm...
Corebridge Financial and Equitable Holdings have signed an all‑stock merger creating a $22 billion entity that will operate under the Equitable name. The combined firm will manage roughly $1.5 trillion in assets, serve 12 million customers, and expect over $5 billion in operating earnings...
The Trump administration has pledged to retain the implicit government guarantee for Fannie Mae and Freddie Mac, but experts warned that the guarantee has never been paid for by taxpayers. A panel at the American Enterprise Institute highlighted that the...
The U.S. Treasury auctioned $44 billion of 7‑year notes at a 4.255% yield, just 0.3 basis points above the when‑issued rate, a tighter tail than the 2.0 bps and 1.3 bps seen in recent 2‑year and 5‑year sales. Meanwhile, 2‑year yields surged 8.8 bps...
The 2025 Streamticker roundup chronicles a wave of high‑value mergers reshaping streaming, advertising, and infrastructure. DIRECTV’s acquisition of INVIDI strengthens addressable TV ad solutions, while Outbrain’s $1 billion purchase of Teads creates a $1.7 billion omnichannel ad platform. DAZN’s $2.2 billion buy of...
BCRED, a business development company, issued a new collateralized loan obligation (CLO) to shore up its balance sheet after a wave of investor redemptions. The move follows a 0.4% drop in February NAV, marking the BDC’s first monthly loss in...
Finnish software firm TietoEVRY announced a share repurchase on March 26, 2026, buying 60,000 TIETO shares at an average price of €17.6739 per share, costing approximately $1.16 million USD. The transaction brings the company’s treasury holdings to 1,936,693 shares. The buyback...
London‑based Allegro Finance has unveiled a $500 million credit facility for film and television production, backed by a joint venture with Elliott Advisors UK. The move positions Allegro as a dedicated non‑bank lender seeking to reshape financing for global screen projects.
HICL Infrastructure PLC agreed to sell its 24% holding in Atlandes S.A., the owner of France’s A63 Motorway, for a gross £311 million (about $395 million). The deal, at a 21% premium to the September‑2025 valuation, is expected to add 2.2 pence to...
Totalis Program Underwriters has acquired ShoreOne Insurance Managers, a niche provider of homeowners insurance with integrated flood coverage. The deal terms were undisclosed, and ShoreOne will operate as an independent business unit under Totalis, with Cameron Rhodes taking over as...
Data centre operator CyrusOne has expanded its revolving credit facility and U.S. term loan to a combined $8 billion in commitments. The revolving credit line rose by roughly $1 billion to $3.8 bn, while the term loan grew by $300 million to $4.2 bn, both...
Allworth Financial, a California‑based registered investment advisor with roughly $36.5 billion in client assets, is exploring a sale of its majority stake held by Lightyear Capital and the Ontario Teachers’ Pension Plan. The firm has hired William Blair to lead the transaction....
DealWire and Capital Engine have formed a strategic partnership that blends DealWire’s autonomous AI agents and global data ingestion engine with Capital Engine’s investment‑banking technology. The combined platform delivers real‑time, cross‑border intelligence on private equity, venture capital and private credit...
VivoPower PLC announced Nasdaq’s approval of the “TEMB” ticker for the forthcoming Tembo Group N.V., the entity to be created through its merger with Cactus Acquisition Corp. I. The deal values Tembo at an indicative pre‑money equity of about $838 million,...
Dolce & Gabbana is reopening negotiations with its lenders to ease covenant pressure on roughly €450 million ($522 million) of bank debt after a slowdown in luxury demand and heightened geopolitical uncertainty. The Italian fashion house, advised by Rothschild & Co., is...
CMC CapX has launched Spotlight, a digital platform that lets FTSE‑listed companies engage directly with retail investors. The service offers interactive company profiles, live Q&A sessions, and performance dashboards, aiming to close the information gap between issuers and the growing retail...
StoneX Group Inc. (NASDAQ:SNEX) launched a new Securitization Banking, Lending & Capital Markets platform, extending its fixed‑income expertise into structured finance. The platform will offer tailored capital‑market solutions, lending services, and investment opportunities across traditional and emerging asset classes. Led...
Rumors that Elon Musk's SpaceX will file an IPO prospectus this week ignited buying across space‑linked equities, lifting EchoStar 5%, Rocket Lab 3% and AST SpaceMobile 3%. Analysts estimate the offering could raise more than $75 billion at a valuation above...
Dubai has surged to seventh place in the Global Financial Centres Index, its best ever position and the highest for any Middle East, Africa or South Asia hub. The rise reflects rapid growth at the Dubai International Financial Centre, drawing...
VINCI Highways, the toll‑road arm of French construction giant VINCI, signed an agreement to purchase nine highway concessions in India from Macquarie Asset Management for roughly 150 billion rupees (about $1.8 billion). The deal, covering 700 km of key routes in Andhra Pradesh...
OpenAI chief financial officer Sarah Friar told Pulse the company is preparing for an initial public offering and tightening budgeting, cash management, and capital allocation after closing a $110 billion funding round. The move comes as Microsoft’s backlog shows heavy reliance...
Hongyuan Green Energy (Hysolar) is set to acquire control of Wuxi Suntech Solar Power through a court‑led restructuring that creates a new entity, New Suntech, and transfers core assets while isolating legacy debt. The new company will be capitalized at...
The March 26, 2026 SPAC Insider morning roundup is a subscription‑only briefing that aggregates the day’s special‑purpose acquisition company (SPAC) developments. The page offers no free headlines, requiring a monthly plan to view detailed deal announcements, de‑registrations, and market commentary. While the...
Private credit markets in 2026 are experiencing a blend of discipline and dispersion as seasoned managers double down on core strategies while newer players spread across niche segments. Overcrowding has compressed yields, prompting tighter underwriting standards and a modest uptick...
Henkel AG announced a cash acquisition of Olaplex Holdings for $1.4 billion, offering $2.06 per share—a 54.9% premium to the prior close. The deal values Olaplex at 13.72 times its EBITDA and is slated to close in the second half of...
That’s it! After being unanimously approved by both $WBD & $PSKY board of directors, WBD has now the date set for their shareholders to vote for or against #DavidEllison’s #Paramount deal to acquire WB: the special shareholders meeting is scheduled for...
JP Morgan has launched a basket of credit default swaps designed to let hedge funds bet against the debt of $GOOGL, $AMZN, $ORCL, $META, and $MSFT 👀 https://t.co/snSNwBvm2p
Five companies—Gaudium IVF, Shriram Triputi Balajee Agro, Saatvik Green Energy, Gujarat Kidney & Super Speciality, and Tolins Tyres—will see their IPO lock‑up periods expire on March 27, allowing their shares to trade freely. The unlock represents roughly 95 companies unlocking $68 billion...
If SpaceX raises $75 billion in its IPO, that would be more than all U.S. IPOs raised in 2023 and 2024 combined.
2s and 5s low of the day before the 7yr auction. Not too surprising after two tailing auctions but obviously weekend angst major driver.
Investors are increasingly backing the idea of merging public and private debt markets to create more liquid investment options. However, existing fund structures pose significant hurdles that prevent seamless convergence. The article argues that without addressing these structuring issues, liquidity‑seeking...
Bloomberg: "Pernod Ricard is exploring a potential acquisition of Brown-Forman, the owner of Jack Daniel’s whiskey, as alcoholic drink companies look at ways to consolidate amid an industry downturn, people familiar with the matter said. They have held some initial...
Defense tech is surging. 🚀 After Swarmer’s 500%+ IPO pop, who’s next? Using Crunchbase predictive intelligence, @crunchbasenews identified 12 defense startups most likely to go public based on funding, hiring, and growth signals. See the list.👇 https://t.co/Pt0IqLUH5c
The Securities and Exchange Board of India (SEBI) has confirmed its interim order preventing Par Drugs and Chemicals Ltd from completing a slump sale of its core business. The transaction, valued at Rs 95 crore (approximately $11.5 million), was slated for a promoter‑related...
Warner Bros. Discovery Sets Date for Shareholder Vote on Paramount Skydance Merger https://t.co/V3ENTx7eTr via @variety
