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.
Golar LNG has launched a formal strategic review, hiring Goldman Sachs as financial advisor to explore options such as a sale, merger, asset divestiture or corporate restructuring. The review will assess the company’s entire platform, including its two operating FLNG units—Hilli and Gimi—plus a third unit under construction and a potential fourth unit. Golar’s floating liquefaction capacity now totals roughly 8.6 mtpa, positioning it as a pure‑play FLNG specialist after exiting the LNG shipping business. No timeline or transaction guarantee has been set.
German consumer‑goods giant Henkel AG has signed a definitive agreement to purchase premium hair‑care brand Olaplex for $1.4 billion, or $2.06 per share. The deal, approved by Olaplex’s board and its controlling shareholder Advent, is aimed at deepening Henkel’s hair‑care category...
Harvey, a legal‑tech AI startup, announced a fundraising round that brings total new capital to almost $1 billion, prompting both excitement and scrutiny over how the money will be deployed in contract and litigation automation.
The U.S. House Financial Services Committee convened a hearing on tokenization and the future of securities, a development that could reshape investment banking advisory services. No specific figures or participant statements were provided in the available sources.
Moving Tech Innovations, the Bengaluru‑based parent of Namma Yatri, has acquired Netherlands‑based Automicle Holding BV to launch its zero‑commission, community‑led mobility platform in Europe. The deal gives Moving Tech a foothold in European cities, where it plans to replicate its...
Three mainboard IPOs—Amir Chand Jagdish Kumar Exports, Powerica, and Sai Parenterals—closed subscription on March 27, showing divergent demand. Amir Chand achieved 1.47‑times overall subscription, driven by non‑institutional investors, while Powerica lagged at just 3% and Sai Parenterals reached 41% with full...
PowerOak, the maker of Bluetti portable batteries, has lodged a main‑board IPO application on the Hong Kong Stock Exchange, positioning it as the city’s first listed pure‑play portable‑energy‑storage firm. The Shenzhen‑based company ranked fourth globally in 2024, capturing 6.6% of...
Indian engineering services firm L&T Technology Services announced the sale of its Smart World & Communication (SWC) portfolio to AMI Paradigm Solutions, a joint venture backed by renewable‑energy conglomerate AM Group and digital infrastructure developer ParadigmIT. The transaction transfers L&T’s...
Macro: convertible issuance funds growth but signals investor caution. Key: Liberty upsized $475M 0% convertibles due 2032, $37.44 conv (~30% premium). Risks: dilution, unsecured notes, redemption triggers. Trading insight: avoid new longs pre-conversion. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
The Justice Department’s release of the searchable Epstein files gives the financial advisory and M&A community unprecedented access to real-world valuation reports, purchase agreements, and fairness opinions from top‑tier firms. The archive shows how broad discovery sweeps can pull in...
Jiangsu Aidea Pharmaceutical, a Shanghai‑Star Market listed firm specializing in HIV/AIDS therapies, is preparing a Hong Kong IPO to fund its expansion into the United States and Europe. The company projects the global AIDS‑treatment market to exceed $1.45 billion by 2027...
China Vanke Co., a distressed property developer, has approached holders of its yuan‑denominated bond maturing on April 23 to seek a payment postponement. In meetings last week, Vanke indicated it is also weighing a broader restructuring that could involve extending...
USA Rare Earth (USAR) closed a $1.6 billion U.S. government grant and $1.5 billion private investment, then agreed to buy Texas Mineral Resources for $73 million. The capital boost aims to bring its rare‑earth processing to market by 2028, fueling a projected $2.6 billion...
Paramount Global and Skydance have emerged as the leading bidder for Warner Bros. Discovery, but the deal now faces a wave of political criticism. Senator Elizabeth Warren and actress Jane Fonda released a video denouncing the merger as an abuse...
Mindjoin announced the acquisition of Solteir, a power‑infrastructure firm that built grid‑connected facilities for Bitcoin mining, to broaden its artificial‑intelligence compute platform. The deal merges Solteir’s energy assets with Mindjoin’s AI strategy, addressing the power constraints that limit next‑generation AI...
Netflix has terminated its pending purchase of Warner Bros. Discovery's studio assets, ending months of negotiations. The withdrawal leaves deal advisors scrambling and could reshape financing activity in the entertainment sector.
The Swiss National Bank disclosed that 2025 delivered a record volume of new Swiss franc bond issuances and a surge in issuers, signaling deeper market liquidity. While exact figures were not disclosed, the report came alongside the SNB’s decision to...
JPMorgan Chase has kicked off an $8 billion junk‑bond sale to finance a $55 billion leveraged buyout of Electronic Arts, the biggest LBO in history. The deal, led by Saudi Arabia’s Public Investment Fund, Silver Lake and Jared Kushner’s Affinity Partners, mixes...
The University of California announced it will sell a roughly $3 billion portfolio of limited‑partner (LP) stakes in private‑equity funds. The move is part of a broader strategy to rebalance its $140 billion endowment and generate cash for upcoming capital needs. UC...
Stoneweg Europe Stapled Trust (Sert) has committed €50 million (≈ $54 million) to AiOnX’s data‑centre development fund through a mandatory convertible loan. The loan carries a 7.25% cash coupon, equating to roughly €3.6 million ($3.9 million) per year, and is expected to lift AiOnX’s distribution...
Foreign issuers pushed panda bond sales in mainland China to 27.8 bn yuan ($4 bn) in March, more than tripling year‑to‑date volume. The surge comes as the Iran war pushes borrowers toward the yuan‑denominated on‑shore market, marking a record month for foreign...
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The SEC’s so‑called cooling‑off rule is actually Regulation M, which imposes a quiet period between filing a preliminary prospectus and the public sale of new securities. During this window, issuers and underwriters cannot market the offering, helping to prevent premature hype...
Standard Chartered has hired Jan Metzger as global head of coverage banking for its corporate and investment banking division, based in Hong Kong. Metzger arrives from Citi, where he co‑led investment banking for Asia and oversaw major M&A and capital‑market...
Pagaya Structured Products is launching a $586.2 million asset‑backed securities (ABS) program backed by unsecured consumer loans from 11 partner lenders. The deal comprises 15 note classes, most maturing on November 15, 2033, with the senior A1 tranche extending to April 15, 2027. Credit enhancement...
Paramount's pending acquisition of Warner Bros. Discovery faced a surprise eleventh‑hour bid from Singapore‑registered Nobelis Capital, offering $32.50 per share in cash. The proposal lacked disclosed financing or a definitive agreement, prompting Warner’s board to label it a likely non‑serious...
IDB Invest is providing a revolving loan of up to $10 million to Total Servicios Financieros, with an additional $10 million expected from third‑party investors, to broaden financing for Peru’s micro, small and medium‑sized enterprises (MSMEs). The funds will support factoring and financial leasing...
OTC Markets Group released a simplified roadmap outlining eligibility and reporting requirements for its four market tiers, with a focus on upcoming OTCQX rule changes effective April 6, 2026. The amendments raise the minimum market capitalization from $10 million to $25 million, increase required...
The U.S. Department of Justice approved the Hewlett Packard Enterprise‑Juniper Networks merger, citing modest antitrust risk and clear national‑security benefits. Critics argue the consent decree was politically motivated, but the Tunney Act hearing highlights pro‑competitive remedies such as divestitures and...
Apollo Global Management’s funds have signed a definitive agreement to purchase Nippon Sheet Glass Co. for roughly $3.7 billion in cash. The acquisition, slated to close by March 2027, will give Apollo a foothold in Japan’s specialty glass market and fund the...
Convergence Networks announced the acquisition of Certinet Systems, extending its Pacific Northwest footprint while bolstering cybersecurity and compliance capabilities for regulated sectors. The deal retains Certinet’s local leadership and layers it with Convergence’s broader service platform, offering customers after‑hours support...
The FDA issued a warning letter to ImmunityBio for misleading promotional claims about its bladder‑cancer drug Anktiva, triggering a roughly 26 percent drop in the company’s shares and giving it 15 days to submit a corrective plan. In parallel, Merck announced a...
Emerging‑market corporate bonds are delivering yields well above U.S. benchmarks, and the WisdomTree Emerging Markets Corporate Bond Fund (EMCB) exemplifies this trend with a 5.07% SEC yield. The actively managed ETF holds a 3.97‑year effective duration, positioning it as an...
Citigroup’s Mortgage Loan Trust issued a $1 billion residential mortgage‑backed securities (RMBS) transaction, CMLTI 2026‑RP1, backed by seasoned loans originated in 2019 or earlier. The pool shows strong performance, with 90.3% of loans maintaining a clean payment history and a low delinquency...
This book has a few too many TLAs (three letter acronyms) but it also contains valuable street wisdom in thinking about selling your company. Read it now, years before you want to sell, and save yourself time and heartache. Magic...
I talk to delusional Series A founders every day. So now, I just tell them this. If your company does under $10M ARR, burns over $200k/mo, and has low Gross Retention…you are not worth $50-100M to anyone. Doesn't matter what your...
The article argues that acquihires—transactions focused on acquiring a startup’s workforce rather than its products—are attracting heightened antitrust scrutiny, especially in the AI sector, but they are not inherently anti‑competitive. It cites recent high‑profile deals such as Microsoft’s hiring of...
BOOM: Invesco to Acquire Superstate's USTB Tokenized MMF Management One of first acquisitions of a crypto-native fund by TradFi asset manager. TradFi now majority of top 10 tokenized MMFs $2.2T asset manager Invesco acquiring management of $USTB ($950M AUM, 5th largest tokenized...
Developer One Beverly Hills has closed a $4.3 billion financing package to complete its mixed‑use luxury residential and hotel complex in Los Angeles. The deal, among the biggest single‑project raises in the U.S. this year, underscores persistent investor appetite for high‑end...
Dubai Aerospace Enterprise (DAE) Ltd announced a $2.8 billion unsecured revolving credit facility, replacing a $1.4 billion line and lifting its total revolving capacity to roughly $4 billion. The facility, maturing in March 2031, blends conventional and Sharia‑compliant funding from 15 global banks,...
SK hynix has submitted a confidential registration statement to the U.S. Securities and Exchange Commission, signaling its intent to list on a U.S. stock exchange. The move is tied to an AI‑centric growth strategy that the company says will expand...
The latest two‑year Treasury note auction attracted below‑average demand, sending the yield down four basis points to 3.86%. The softening appetite reflects waning safe‑haven appeal as investors weigh Middle‑East tensions and a mixed equity outlook.
Barclays is scaling back its asset‑based lending to smaller borrowers after taking losses from the collapses of Market Financial Solutions (MFS) and Tricolor Holdings. The bank is redirecting capital toward larger corporate loans and securitizations, and has raised pricing on...
The Jay Group secured a $300 million refinancing loan from Affinius Capital for its 102 Fleet Place development in Downtown Brooklyn. The debt will fund the completion of the 30‑story, 495‑unit luxury multifamily tower and support lease‑up activities. The project, located near...
Jacktel AS debuted on Euronext Growth Oslo, issuing 207.5 million shares and achieving a market capitalisation of roughly $87 million at the opening price of $0.42 per share. The company raised about $2.9 million in a heavily oversubscribed private placement that attracted more...
DBRS, Inc. issued provisional credit ratings on March 25, 2026 for the Mortgage‑Backed Notes of the GS Mortgage‑Backed Securities Trust 2026‑PJ5. All senior A‑class tranches received a (P) AAA rating, while subordinate B‑class tranches were assigned lower ratings ranging from AA to...
IBM completed an $11 billion acquisition of Confluent on March 17, 2026, adding the leading data‑streaming platform used by over 6,500 enterprises, including 40 % of the Fortune 500. IBM frames the deal as buying an AI‑focused data platform that delivers real‑time data to power...
Today's M&A notes $BLX.to to be acquired by Brookfield / La Caisse for $37.25 cash per share, 31.8% premium, $9.0 billion $TERN to be acquired by MRK for $53.00 cash per share, 6.0% premium, $5.7 billion $JHG / Trian bumped bid by 6.1%...
SK Hynix files for US listing that source says could raise up to $14 billion https://t.co/QBH8wtKrug
$IMMX - Morgan Stanley initiates coverage with a $20 PT and an outperform rating, implying ~120% upside. https://t.co/Pd4uIH5BkI
Market is ignoring the looming governance catalyst. Super-voting shares are being phased out as two activists build meaningful stakes, one owning a highly complementary peer. With shares at multi-year lows and the biz stabilizing, the path to a buyout is increasingly likely....
