Today's Investment Banking Pulse
Autodesk to acquire MaintainX for $3.6B, expanding into operations software
Autodesk announced an all‑cash $3.6 billion purchase of MaintainX, a mobile‑first maintenance and operations platform. The transaction is funded with cash on hand, new debt and includes a $150 million restricted‑stock grant to retain staff. CEO Andrew Anagnost said the deal unlocks a $40 billion addressable market and extends Autodesk’s portfolio beyond design into building operations.
Also developing:
By the numbers: Credit Agricole raises $670M via Samurai bond issuance
Bullish to Acquire Equiniti for $4.2 Billion, Building Tokenized Securities Infrastructure
Bullish (NYSE:BLSH) announced a $4.2 billion acquisition of Equiniti, a transfer‑agent serving over 2,500 public issuers. The deal, closing in January 2027, merges Bullish’s blockchain platform with Equiniti’s issuer network, positioning the combined firm to accelerate tokenized securities adoption.
Alphabet's CAD 8.5 B Canadian Bond Sets New Record for Corporate Issuances
Alphabet issued a CAD 8.5 billion (≈US$6.2 billion) four‑tranche bond in Canada, the biggest corporate bond ever sold in the country and the largest “maple” bond to date. The deal, led by RBC and other bookrunners, pushes the Canadian foreign‑issuer market to a...
Honeywell‑Backed Quantinuum Files for $20 B+ IPO as Fault‑Tolerant Quantum Machine Targets 2029
Quantinuum, the Honeywell‑owned quantum computing company, filed Thursday for a Nasdaq listing that could value it at more than $20 billion. The filing shows $30.9 million in 2025 revenue, a $192.6 million loss, and a roadmap to a fault‑tolerant quantum computer named Apollo...
The Bidding War Begins as Ooh Media Receives Second Takeover Offer
Australian outdoor advertising firm Ooh Media has received a second, higher takeover bid from infrastructure investor I Squared Capital, offering $1.45 per share and valuing the company at roughly $508 million USD, up from private equity firm Pacific Equity Partners’ $1.40...
SCI-In-Focus:-Morocco-Quietly-Emerges-as-Africa's-Synthetic-Securitisation-Pioneer
Morocco is quietly positioning itself as Africa’s first synthetic securitisation hub, rolling out privately funded transactions that recycle bank credit risk. The initiative, highlighted by Capital Relief Trades, leverages synthetic risk‑transfer (SRT) structures to free up capital for lenders. Early...
ENHA Soars Over 20% on First Trading Day
What a great start to life as a public company for $ENHA last Friday. Up more than 20%. But this was only day one - we’re just getting started. Our motto, displayed on the façade of the New York Stock Exchange, captures...
Start Slow, Find Fit, Then Accelerate Acquisitions
When you study the serial acquirers model and those who’ve invested in this model for decades, you see that companies that completed 1-2 acquisitions per year in the early years tended to outperform those that pursued a faster pace, such...
Bain Capital Provides $225 Million Credit Facility to Kids2
Bain Capital’s Private Credit Group acted as sole lender and administrative agent for a $225 million senior credit facility to Kids2, the Atlanta‑based infant‑product platform. The financing is earmarked for continued growth, category expansion and deeper global reach, highlighting private‑credit’s role...
SpaceX IPO Near $2T, 100 TW Power Claim Debunked
The @SpaceX IPO is expected to give the company a market cap of nearly $2T. But the idea that @SpaceX will deploy 100 TW of space-based power? That’s nonsense. Here's a graphic I published recently on another...
Amazon to Acquire Globalstar for $11.57 B, Boosting Satellite Cellular Reach
Amazon announced a binding agreement to acquire Globalstar for $11.57 billion, offering shareholders $90 cash per share or 0.3210 Amazon shares. The deal, slated to close in 2027, gives Amazon direct‑to‑cellular capabilities for its Leo satellite broadband service and expands its...
Fazeshift Secures $17 Million Series A to Automate B2B Accounts Receivable with AI Agents
Fazeshift closed a $17 million Series A round led by F‑Prime, bringing its total funding to $22 million. The AI‑native platform now automates more than 90% of manual accounts‑receivable work for dozens of enterprise customers, including eight unicorns, and has already helped...
April M&A Activity Slows, Excluding March Mega Deals
M&A activity cooled in April. BofA Excludes acquisition of xAI Corp ($250bn) and OpenAI Inc. ($120bn) in March 2026 https://t.co/9c99Rj4Wj7
Saltbox Raises Series C Led by Packard Capital to Fund National Expansion and Entry Into Chicago Market
Saltbox, a startup that combines flexible warehouse space, logistics infrastructure, co‑working amenities, and on‑site operational support, closed a Series C round led by Packard Capital. The capital will finance the company’s national expansion, including a third Atlanta‑area hub in Chamblee that...
GameStop Launches $56 B All‑cash‑and‑stock Bid for eBay, Cohen Vows to Become CEO
GameStop has submitted an unsolicited $56 billion offer to acquire eBay, proposing a 50‑50 cash‑and‑stock structure and positioning CEO Ryan Cohen as the head of a combined company. The bid, backed by a $20 billion debt commitment from TD Securities, triggers fierce discussion...
Translux Limited Raises $20 Million with Debut Kazakhstan Bond
Translux Limited, the longest‑standing oil trader in the Dubai International Financial Centre, closed a $20 million, 14% coupon bond on March 30, 2026. Structured by Velar Capitals and placed on Kazakhstan’s AIX platform, the issuance signals the firm’s push toward a...
Blackstone, Blue Owl and Peers Chase $900 Billion AI Data‑Center Market
Blackstone, Blue Owl, Apollo and other alternative‑asset powerhouses are pouring capital into the AI‑driven data‑center sector, which they estimate represents a $900 billion third‑party investment opportunity. The wave of debt, equity and joint‑venture deals signals a new frontier for hedge‑fund investors...
Senseonics Posts $11.7M Q1 Revenue, Lifts 2026 Guidance After $92M Equity Raise
Senseonics announced Q1 2026 revenue of $11.7 million, an 85% year‑over‑year increase, and disclosed a $92 million public equity offering alongside a $20 million draw on its debt facility. The company raised its full‑year revenue guidance to $60‑64 million and outlined margin and...
ZiG Stability Drives 417% Surge in Zimbabwe Stock Turnover
The Zimbabwe Stock Exchange (ZSE) attributed a 416.83% jump in quarterly turnover to the stabilising ZiG currency, with inflation falling to 3.8% and the exchange rate holding at 25.57 per dollar. The surge propelled VFEX market capitalisation to $4 billion and...
$LBTYK: Can Liberty Global Finally Spin to Win? | Stock Spin-Off Investing's Rich Howe
Rich Howe of Stock Spin‑Off Investing argues that Liberty Global (LBTYK) is cheap on a sum‑of‑parts basis and stands to unlock value through an imminent Ziggo spin‑off and a little‑known venture portfolio. He contends the spin will crystallize cash‑flow and...
EBay Permanently Bans GameStop CEO Ryan Cohen for Putting Its Community ‘at Risk’ Following Takeover Attempt
eBay announced it has permanently banned GameStop CEO Ryan Cohen from its marketplace, citing that his actions put the eBay community at risk. Cohen had recently floated a $55.5 billion hostile takeover proposal for eBay and was also selling high‑priced GameStop...
SpaceX IPO Targets $1.75 Trillion Valuation, Retail Allocation Up to 30%
Elon Musk’s SpaceX is slated for a summer 2026 IPO that could value the company at $1.75 trillion. Reuters reports the prospectus will appear in late May, with a roadshow in early June and up to 30% of the offering reserved...
Tenaris to Acquire Artrom Steel Tubes for €86 Million ($93 M), Boosting Steel Pipe Capacity
Tenaris announced a definitive agreement to purchase 100% of Artrom Steel Tubes for €86 million (about $93 million) on a cash‑free, debt‑free basis. The deal adds roughly 450,000 t of steelmaking capacity and 200,000 t of seamless pipe rolling, pending EU and Romanian regulatory...
Lime Files for Nasdaq IPO, Targets $886.7M Revenue and Debt Repayment
Lime, the San Francisco‑based electric bike and scooter operator, filed a Form S‑1 to list on Nasdaq under the ticker LIME. The filing shows 2025 revenue of $886.7 million, a 29.1% jump year‑over‑year, and a plan to use proceeds to clear...
Nvidia Invests Up to $3.2 B in Corning Deal to Boost U.S. Optical Capacity for AI Data Centers
Nvidia has committed $500 million in pre‑funded warrants and the option to invest up to $3.2 billion in Corning, funding three new U.S. factories that will expand optical‑connectivity capacity tenfold and create over 3,000 jobs. The deal aims to secure domestic glass‑fiber...
Zepto, Dhoot Transmission Among 6 Companies to Secure Sebi's Nod for IPO
Six Indian firms, including quick‑commerce unicorn Zepto and auto‑components maker Dhoot Transmission, have received SEBI clearance to launch IPOs. Zepto aims to raise roughly $1.3 billion, while Dhoot Transmission targets $250 million backed by Bain Capital. The other companies—Horizon Industrial Parks, Surgiwear,...
S-Reit Acquisitions Pick up with Improved Financing
Acquisition activity among Singapore REITs surged in 2026, with 11 deals worth S$6.3 bn (≈$4.7 bn) announced in the first four months—over 70% of last year's total value. The pace outstrips 2025, when 21 transactions totaled S$8.8 bn (≈$6.5 bn). Major players CICT and...
Lumen Seals $475 M Deal for Alkira, Adding Cloud‑native Connectivity Control Plane
Lumen Technologies has agreed to acquire cloud‑native networking platform Alkira for $475 million in cash, with the deal slated to close in Q3 2026. The purchase pairs Alkira’s hybrid‑multicloud control plane with Lumen’s fiber backbone, creating a unified digital connectivity platform for...
Cerebras Raises IPO Price Range to $125‑$135 per Share Amid 20‑Fold Demand
Cerebras Systems announced it will increase its IPO price range to $125‑$135 per share after receiving orders for more than 20 times the available shares. The move underscores heightened market demand for AI‑focused silicon ahead of the offering slated for...
A British Bookseller Rebuilds Barnes & Noble for a New Era
James Daunt, the British bookseller who turned Waterstones into a profitable chain, is now overhauling Barnes & Noble. He slashed 5,000 jobs during the pandemic and recently forced the entire corporate team to reapply, trimming a few dozen positions. The cost‑cutting...
TriSpan Closes Single‑Asset Continuation Vehicle for Café‑Bakery Brand Maman
TriSpan (USA) LLC announced the closing of a single‑asset continuation vehicle for Sugar Beets Inc., operating as Maman. Led by Kline Hill Partners and backed by Norwest, an Ivy League endowment and TriSpan itself, the deal provides liquidity to existing...
Cisco to Acquire Astrix Security, Boosting AI Agent and Non‑Human Identity Protection
Cisco disclosed its intent to acquire Astrix Security, a specialist in non‑human identity and AI‑agent security, with financial terms undisclosed. The deal aims to embed AI‑agent discovery, governance and secret‑management tools into Cisco’s broader security suite as enterprises scale autonomous...
Foreign Investor Share Falls to 14.7% as Domestic Institutions Rise to 18.9% in India
Foreign Institutional Investors now hold just 14.7% of Indian equities, the lowest level since June 2012, while domestic institutions have surged to 18.9%. The shift, documented by JM Financial, signals a structural rebalancing that could rev up investment‑bank advisory work...
Essensys Founder Mark Furness Takes PropTech Firm Private for $14.4 M, Reversing £73 M IPO
Mark Furness, Essensys plc’s founder and largest shareholder, has secured a deal to take the flexible‑workspace software provider private for £11.3 million (about $14.4 million). The transaction, approved by holders of 98% of the shares, reverses the company’s 2019 £73 million IPO and...
Basata Secures $21 Million Series A to Automate U.S. Healthcare Operations
Basata announced a $21 million Series A, led by Basis Set Ventures and joined by Cowboy Ventures, PHX Ventures, Zenda Capital and Victoria Treyger, to expand its AI‑driven platform that automates referrals, scheduling and follow‑up. The funding brings total capital to $24.5 million...
Quantum Motion Secures $160 Million Series C to Scale Silicon Spin Qubits
Quantum Motion announced a $160 million Series C round, co‑led by DCVC and Mundi Ventures, to accelerate its silicon spin‑qubit chips and expand its team in Spain. The funding marks one of Europe’s biggest quantum‑computing raises this year, underscoring the race...
Wedbush Sends Blunt Message on Elon Musk's Tesla and Intel Deal
Elon Musk’s Terafab project, a joint semiconductor fab venture between Tesla, SpaceX and Intel, has filed a $55 billion Phase 1 investment with total costs potentially reaching $119 billion. The facility aims to produce 2‑nanometer AI and memory chips at a scale of...
Calpine Acquisition Strengthens Constellation Energy Corporation (CEG) as a High-Growth Utility Stock
Constellation Energy Corp (CEG) completed a $26.6 billion acquisition of Calpine, expanding its generation capacity to roughly 55 GW across nuclear, gas, geothermal, hydro, wind, solar and battery storage. Evercore ISI resumed coverage with an Outperform rating and a $380 price target,...
Intertek Rejects EQT's £9 Billion Takeover Bid, Citing Undervaluation
Intertek Group PLC rejected EQT Fund Management's latest £9 billion (≈$11.5 bn) takeover approach, calling the offer significantly undervalued. The board also highlighted execution risk tied to the proposal’s conditional nature while the company continues its strategic review of a possible split...
Telekom Srbija Wins U.S. EXIM Bank Financing to Speed 5G Rollout
Telekom Srbija Group announced that the U.S. Export‑Import Bank has granted final approval for financing to accelerate its 5G network deployment across Serbia. The funding, tied to U.S. technology suppliers, underpins the operator’s plan to cover all Serbian cities by...
Devon Energy Completes $26 Bn All‑stock Merger with Coterra, Forming $58 Bn Delaware Basin Giant
Devon Energy and Coterra Energy have closed a $26 bn all‑stock merger, creating a combined company valued at $58 bn. The deal gives Devon a leading position in the Delaware Basin and targets $1 bn of annual pre‑tax synergies by 2027.
Jefferies Says India Remains a Top Emerging‑Market Target Despite MSCI Weight Drop
Jefferies analysts warned that even as MSCI reduces India’s weighting in its Emerging Markets index, the country stays a prime destination for investment‑bank advisory and capital‑raising work. The note underscores continued deal flow, M&A pipelines, and financing opportunities across sectors.
Nvidia Invests $2.1 B in IREN, Boosting AI Data‑Center Capacity After Bitcoin Roots
Nvidia announced a $2.1 billion investment in IREN, granting the chipmaker rights to buy up to 30 million shares as the former Bitcoin miner rolls out up to 5 GW of Nvidia‑branded AI infrastructure. The partnership also includes a $3.4 billion AI‑cloud contract, positioning...
Expedia Spent $279 Million on Acquisitions in Q1, Airbnb Gained $70 Million on Tiqets Deal: Scoop
Expedia Group spent $279 million in Q1 2025 to acquire Amsterdam‑based ticketing platform Tiqets, as disclosed in its 10‑Q filing. Airbnb, which previously invested in Tiqets, recorded a $70 million gain from the sale, boosting its quarterly profit. Expedia plans to first embed...
Propy Secures $100 Million Credit Facility to Build AI‑Powered Blockchain Closing Platform
Propy, the Miami blockchain startup, closed a $100 million credit facility with Metropolitan Partners Group to develop an AI‑enabled, end‑to‑end closing platform on public blockchain. The funding aims to consolidate title and escrow services, speed transactions, and reduce fraud in real‑estate...
OppFi to Acquire BNCC Corp and BNC National Bank in $130 Million Deal
OppFi (OPFI) disclosed a $130 million acquisition of BNCC Corp and BNC National Bank, aiming for a Q4 2026 close pending regulatory sign‑off. The deal is projected to be at least 25% EPS‑accretive in year one and deliver $115 million in synergies by...
East Africa Capital Markets Dodge Bullet From Gulf War
East Africa’s capital markets have largely avoided the capital‑flight shock from the Gulf war, with foreign investor participation on the Nairobi Securities Exchange (NSE) slipping only modestly. In Q1 2024, foreign holdings fell 4.73 percentage points to 32.27%, and investors...
MTT Shipping Makes Its Bursa Malaysia Debut
MTT Shipping and Logistics Bhd debuted on Bursa Malaysia’s Main Market in late April 2026, raising MYR 652.5 million (≈ USD 165 million) at MYR 1.03 per share. The IPO values the domestic carrier at roughly MYR 2.6 billion (≈ USD 658 million) and adds a publicly‑traded status to its...
Rocket Lab Has Signed An Agreement To Purchase Motiv Space Systems
Rocket Lab announced on May 7, 2026 that it has signed an agreement to acquire California‑based Motiv Space Systems, with the transaction slated to close in the second quarter of 2026. The deal will rebrand Motiv as Rocket Lab Robotics and bring...
Porsche Shuts Down Three Subsidiaries, Sparking Investment‑bank Advisory for Asset Sales
Porsche announced the closure of its Cellforce battery unit, eBike Performance and Cetitec software subsidiary, cutting more than 500 jobs. The move follows a strategic overhaul that includes the sale of Bugatti Rimac stakes to a HOF Capital‑led consortium, a...
Commerzbank Cuts 3,000 Jobs, Raises Profit Targets as UniCredit Launches €37bn Bid
Commerzbank said it will cut as many as 3,000 positions and lift its 2028 profit target to €4.6 billion as Italy’s UniCredit formally launched a €37 billion ($43.4 billion) takeover bid. The restructuring, costing about €450 million, comes with a €600 million AI investment and...