Know What's Happening in Investment Banking
Know What's Happening in Investment Banking
SpaceX eyes $5B Saudi anchor investment ahead of $75B IPO plan
SpaceX is in talks with Saudi Arabia’s Public Investment Fund for an anchor stake worth about $5 billion. The funding would support a planned IPO targeting roughly $75 billion, which would dwarf previous record offerings. The PIF, currently holding just under 1 % of SpaceX, seeks the new stake to avoid dilution.
Spanish fragrance group Puig and U.S. beauty giant Estée Lauder Companies have entered talks about a possible merger, which could create a combined entity valued around $40 billion. The discussion follows a sharp decline in Estée Lauder’s share price, down nearly 75% since early 2022, and a recent slide in Puig’s market value from $16 billion to about $10 billion. Both companies bring complementary luxury perfume and fashion portfolios, including Byredo, Charlotte Tilbury, Tom Ford, and Jean Paul Gaultier. A merger would aim to broaden distribution channels and reduce reliance on the weak Chinese market.
Simon Property Group and Institutional Mall Investors are set to close a $465 million refinancing loan for the Fashion Centre at Pentagon City, its adjacent Metro Tower office building, and the Ritz‑Carlton hotel. The five‑year, interest‑only loan, originated by Goldman Sachs,...
Rob Robinson warns that technology M&A teams often mistake rapid market momentum for durable marketing capability. When a product arrives at the right moment, its novelty can generate brand‑like awareness without a solid marketing org, inflating acquisition premiums. As the...
New York City is issuing $2.65 billion of general‑obligation bonds, but rating agencies Fitch, KBRA and Moody’s have shifted the city’s outlook to negative, citing a $5.4 billion budget gap and reliance on state‑approved tax hikes. The bond deal comprises four series,...
Municipal bond issuance is accelerating as data‑center projects drive demand for public‑power and water infrastructure, with demand projected to rise 20‑25% annually through 2030. While public‑power issuance is down 33.7% year‑to‑date, water‑sewer issuance is up 15.9%, and analysts forecast up...
Warner Bros. Discovery CEO warned that if the Paramount‑Skydance merger fails, the company will retain $7 billion but still grapple with a $33 billion debt load. The deal is designed to combine two massive content libraries with cloud infrastructure to exploit generative‑AI...
Amir Chand Jagdish Kumar (Exports) Ltd secured about $7.3 million from anchor investors at the top of its IPO price band, paving the way for its $54 million, 2026 initial public offering. The IPO, priced between ₹201‑₹212 per share (approximately $2.45‑$2.58 million total),...
Coal India Ltd's board approved selling up to 35% of its stake in South Eastern Coalfields Ltd (SECL) via an Offer for Sale and issuing fresh equity up to 10% of post‑issue capital. It also cleared a divestment of up...
Two Harbors said CrossCountry’s unsolicited $10.70‑per‑share cash offer is superior, but a higher $10.75 cash bid from an unnamed party is also on the table. The REIT would receive a $25.4 million fee if the pending $1.3 billion all‑stock merger with United...
Investment banking analyst training traditionally relies on weeks of classroom instruction and periodic case studies, which often separate technical knowledge from real‑deal experience. This gap leads many analysts to spend months performing mechanical tasks before developing judgment, contributing to turnover...
Groww’s promoter group entities pledged a total of 1.88 cr shares, worth roughly $36 million, to Aditya Birla Capital on March 20. The pledge represents about 27.8% of the promoter’s stake, while public investors hold the remaining 72.2%. Groww, which went public in November 2025...
Pfizer has warned shareholders to reject an unsolicited mini‑tender offer from Tutanota LLC that seeks to buy up to 1 million shares at $32 per share, roughly 0.02% of its outstanding stock. The offer hinges on Pfizer’s price staying above $32,...
SEBI has overhauled its "fit and proper" framework for market intermediaries, removing automatic disqualification for pending criminal complaints, FIRs, chargesheets and winding‑up initiations, while expanding disqualification to include convictions for economic offences and securities‑law violations. The new regime adopts principle‑based...
Mercer has completed the acquisition of AltamarCAM, a specialist in private‑equity secondaries, to fill a strategic gap in its investment‑advisory platform. The deal was discussed by Mercer’s Michael Dempsey in a Q&A with AltamarCAM founder Jose Luis Molina, emphasizing the...
$25B in orders on $EA’s $15B debt deal. Oversubscribed. Getting done. Capital markets are wide open… For the right issuers at the right price with the right Saudi SWF backstop.
Legend Internet Plc, Nigeria’s first listed ISP, announced a merger with market‑leader Spectranet, targeting completion in Q2 2026 pending FCCPC and NCC approval. The deal combines Legend’s listed status and fibre footprint with Spectranet’s strong wireless brand, aiming to boost network...
Bark announced it will not pursue two recent take‑private offers, opting to remain a public company. The board’s special committee concluded that the existing standalone strategy best maximizes long‑term shareholder value. The first proposal from Great Dane Ventures was withdrawn...
Pranos Fusion, an Indian deep‑tech startup focused on fusion energy, secured $6.8 million (≈$7.6 million) in an early‑stage round co‑led by pi Ventures and Ankur Capital, with participation from Industrial47 and several high‑profile angels. The capital will fund the commissioning of a tokamak...
Everest Group has agreed to sell its Canadian Retail Insurance business, Everest Canada, to mutual insurer Wawanesa, with the transaction slated to close in the second half of 2026 pending regulatory approval. The deal will transfer an estimated CAD305 million (about...
Headway Capital Partners’ research shows independent private‑equity sponsors are targeting three‑times‑plus returns, outpacing traditional fund benchmarks. The shift stems from heightened deal selectivity and a strategic focus on lower‑multiple acquisitions. Sponsors believe tighter sourcing and disciplined pricing can deliver superior...
Ethiopia’s Bishoftu International Airport, a $12.5 billion megaproject designed for up to 110 million passengers a year, is moving from planning to construction with a target completion around 2030. Italy has entered financing discussions, signaling European confidence and adding a new layer...
Delivery Hero announced the sale of its Taiwan food‑delivery business to Grab for $600 million in cash. The divestiture is the fifth asset monetization since the company launched a strategic review in December 2025. Management said the transaction will sharpen focus on...
United Health Services completed the acquisition of virtual behavioral health platform Talkspace at $5.25 per share, valuing the company at roughly $835 million enterprise value. The purchase brings about 6,000 licensed clinicians into UHS’s network, directly addressing chronic staffing shortages and...
Poste Italiane has submitted a €10.8 billion offer to acquire Telecom Italia, Italy’s largest fixed‑line operator. The postal group already controls 27.3% of TIM after buying shares from former major shareholder Vivendi. TIM’s fixed‑line network has already been sold to a...
Primary Wave Music has agreed to acquire Kobalt, a leading independent publishing and technology platform, in a deal valued at over $1.5 billion. Brookfield will co‑invest, reinforcing a partnership that began with a $2 billion funding arrangement in 2022. Kobalt will stay...
This is a US Treasury auction schedule and it’s actually a liquidity map in disguise. Here’s the simple breakdown:
Private equity firm Olympus Partners announced the sale of EyeSouth’s retina business for $1.1 billion. EyeSouth, a U.S.-based management services organization for eye‑care providers, will transfer its retina platform to an undisclosed buyer. The transaction underscores strong valuation multiples in specialty...
Electronic Arts is courting investors for a $15 billion debt package that will fund its acquisition by a consortium of private‑equity firms. The financing proposal emphasizes roughly $700 million in annual cost‑saving synergies that the new owners expect to recognize as earnings....
DBS Group Research downgraded Singapore Telecommunications (Singtel) to a “hold” and cut its target price to S$5.36 (about $4) after trimming the valuation of its Indian associate Bharti Airtel by 13% to 2,000 rupees (≈ $24). The analyst warned that Singtel’s FY2027...
Excel remains the default tool for corporate development teams to track M&A pipelines because it requires no onboarding and offers immediate flexibility. However, as deal volume and team size grow, spreadsheets suffer from version‑control chaos, fragmented deal context, and collaboration...
Sony Group is close to finalising a roughly $1 billion transaction that would transfer a majority stake in its home‑entertainment division to Chinese TV maker TCL Electronics. Negotiations have progressed to an advanced stage, with both parties targeting an announcement later...
California Coast Credit Union CEO Todd Lane is embroiled in a rare, combative merger dispute with San Diego County Credit Union (SDCCU). After SDCCU attempted to renegotiate the April 2025 deal and install its own CEO, Cal Coast sued, alleging breach of the...
Sweden‑listed H100 Group signed a letter of intent to acquire Norwegian Bitcoin firms Moonshot and Never Say Die in an all‑stock transaction, adding roughly 2,450 BTC to its holdings. The deal would raise H100’s total to about 3,501 Bitcoin, valued...
A Fifth Circuit panel denied the FTC’s request for a stay, activating a district court ruling that vacates the 2024 HSR filing form. As a result, the FTC’s Premerger Notification Office will again accept the pre‑February 10 2025 HSR form, though filers...
Bridge Data Centres, owned by Bain Capital, is negotiating a loan of up to $6 billion, which would rank among the largest data‑center financings in Asia. The proposed facility is expected to have a 12‑month tenor. Proceeds are earmarked for expanding...
Nebius Group N.V. closed a private placement of convertible senior notes, raising roughly $4.3 billion. The offering comprised two series: 1.250% notes due 2031 and 2.625% notes due 2033, sold to qualified institutional buyers under Rule 144A. The capital will fund the...
Grab will acquire Delivery Hero’s Foodpanda Taiwan for $600 million in cash, marking its first move beyond Southeast Asia. The deal, cash‑free and debt‑free, is slated to close in the second half of 2026 pending regulatory sign‑off. Foodpanda Taiwan posted roughly...
Worst IPO Listing :(-25%) 🚨 Innovision IPO : Listed at ₹467 Listed at discount of 10% 🔻 After listing it slips below 25%📉 We asked to AVOID ❌ Stay connected for other IPO also. @champ_trader
Democratic Senators Demand FCC Conduct Foreign Investment Review of Paramount-Warner Bros. Deal Over Backing by Middle Eastern Funds, China’s Tencent https://t.co/hEDGRnqwMl via @variety
Spain’s Banco Santander chief Ana Botín and Italy’s UniCredit CEO Andrea Orcel have turned a former mentorship into a high‑profile rivalry that now plays out across compensation, profitability and market performance. A lingering €43.4 million legal award for Orcel underscores the personal tension,...
I have trouble believing that OpenAI is offering PE firms a "guaranteed minimum return of 17.5%" on preferred shares. This is the rate offered by highly distressed firms or those in contentious bankruptcies - not a firm operating as a going...
BNP Paribas has vaulted to third place in the UK M&A advisory rankings, advising on £25.6 bn of deals this year—already more than its total volume for the entire previous year. The surge is anchored by two marquee transactions: Nuveen’s £9.9 bn...
London’s latest mega‑asset‑manager mergers highlight a shift from headline‑grabbing deal values to the hidden technology challenge of integrating disparate data engines. While consolidation promises top‑line growth amid shrinking profitability and rising regulatory costs, legacy databases and cloud‑native platforms often clash,...
L'Oréal agreed to buy Kering's entire beauty portfolio for roughly $4.7 billion, securing the coveted Gucci fragrance license that expires in 2028. The deal marks Kering's swift exit from cosmetics, allowing it to shed debt and refocus on fashion, jewelry and...
Union Pacific announced an $85 billion offer to acquire Norfolk Southern, creating the first U.S. transcontinental railway. The deal has ignited fierce opposition from rivals and regulators, while investment banks line up to advise, finance and navigate the complex approval process.
A consortium headed by Silver Lake Management is advancing a near‑$15 billion debt package to privatise Electronic Arts, and investors have placed $25 billion of orders. JPMorgan‑led banks are syndicating the deal, marking one of the most oversubscribed high‑yield offerings this year...
Private‑equity firms were linked to 54% of the 35 U.S. corporate bankruptcies with liabilities exceeding $1 billion in 2025, despite representing only about 7% of the economy. The trend underscores a growing PE presence in high‑value distressed transactions and signals shifting...
