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.
Kotak Mahindra Capital Company Limited has signed definitive agreements to sell roughly 31% of Infina Finance Private Limited for ₹12,939 crore. The transaction will reduce KMCC’s stake to 19%, ending Infina’s associate status and is slated to close by March 31, 2026. The deal reflects a broader push by Indian banks to streamline holdings and unlock value from non‑core assets.
The re-Post Officication of telecoms was not something I expected to read this morning: Poste Italiane launches €10.8bn bid for Telecom Italia via @FT https://t.co/gR3vmnrlkX
BofA: Weaker stock prices were behind the jump in share buybacks and M&A spending in 2015 and 2018. https://t.co/zOxaox8YSB
The Iran‑related war in the Middle East has effectively halted new sovereign bond issuance in Francophone Sub‑Saharan Africa, leaving the region with only $6 billion of fresh issuance—half of last year’s pace. Credit spreads have surged to 375 basis points, and...
How do you build a company that $JNJ will buy for $15 billion? Listen here.
It is solely done to paint a narrative where the combined Tesla/SpaceX company (yes, this is going to happen) will need to raise $100 billion to keep the party going for Musk a few years more If this doesn't happen, we...
Mastercard announced on March 17 that it will buy British stablecoin‑infrastructure startup BVNK for up to $1.8 billion, including a $300 million earn‑out. The deal eclipses Stripe’s $1.1 billion Bridge purchase and positions Mastercard at the forefront of the emerging stablecoin settlement layer.
This is maybe not this week or even next month, but this is a failed auction waiting to happen. #TreasurySupply
🆓 Sunday links: the international stock turnaround, the 2026 IPO market, and the hollowed-out IRS. https://t.co/K7y1GDtIFd chart: https://t.co/1ZhwExGXjm https://t.co/HDuoFmgAEw
Wingify, the maker of Visual Website Optimizer (VWO), merged with French competitor AB Tasty in January 2026, forming a $500 million SaaS powerhouse. The combined entity now reports roughly $120 million in annual revenue and serves about 4,000 customers across the US...
A bit of weekend announcement aimed at stabilising soaring mortgage rates FANNIE, FREDDIE PLACE LARGE BIDS FOR MORTGAGE-BACKED SECURITIES
The $200bn capital boost to US banks. More on this in the Chartbook Top Links of today. https://t.co/Z0naICa1tz
Hg Capital announced a definitive agreement to buy OneStream in an all‑cash transaction worth about $6.4 billion, offering $24 per share—a 31% premium to the prior close. The deal, backed by KKR, General Atlantic and Tidemark, underscores a wave of private‑equity...
Bill Ackman has filed for a combined IPO of Pershing Square USA (ticker PSUS) and his hedge‑fund firm Pershing Square (ticker PS) as the 2026 IPO market remains weak. The closed‑end fund will list on the NYSE at $50 per...
GE HealthCare completed a $2.3 billion all‑cash acquisition of Intelerad, the largest recent enterprise‑imaging deal. The platform serves 1,500 health systems, processes 230 million exams annually and generates roughly $270 million in recurring revenue. The transaction underscores a strategic shift from hardware‑centric OEM...
OpenAI is abandoning plans to build its own data centers, opting instead to lease cloud capacity from partners like Oracle, Microsoft and Amazon after a severe weather‑related outage in Texas highlighted construction risks. The shift comes as the company prepares...
Trenzet Infra Ltd, a railway‑focused EPC contractor, has filed a draft red‑herring prospectus with SEBI to launch an IPO comprising a fresh issue of 1.05 crore shares and an offer‑for‑sale of 18 lakh promoter shares. The proceeds are earmarked for working‑capital needs,...
Italian banking group UniCredit has submitted a €35 billion hostile offer for Germany's second‑largest lender, Commerzbank. The proposal, which values Commerzbank at roughly €35 bn, meets immediate resistance from German stakeholders and could reshape the continent’s banking landscape.
FemTech is transitioning from a niche venture segment to a mainstream health‑tech investment theme, with the market valued at $9.12 billion in 2025 and projected to reach $10.67 billion in 2026. A surge in late‑stage mega‑deals—42 % of 2025 funding—has concentrated capital in...
Malaysian construction giant IJM Corp. has urged shareholders to reject Sunway Group’s MYR 11 billion ($2.8 billion) takeover proposal. An independent adviser valued IJM shares at a 46‑51% premium, deeming Sunway’s MYR 3.15 per share offer substantially undervalued. IJM’s board highlighted the...
Vedanta Ltd has filed an appeal with the National Company Law Appellate Tribunal (NCLAT) contesting lenders’ approval of Adani Enterprises’ ₹14,543 crore bid for the bankrupt Jaiprakash Associates (JAL). Vedanta argues it offered the highest net‑present‑value bid of ₹12,505.85 crore and that...
#ThisDayInTechHistory. March 21, 2005. Yahoo announces that it will acquire the popular photo service Flickr. #Technology #Takeovers #History https://t.co/GxEp7H0Jm9
"It’s perhaps no coincidence that low-float IPOs tend to perform poorly in their early years. Since 1980, there have been 11 firms that went public with a sub-5% float and inflation-adjusted annual sales of at least $100 million. All but...
Goldman Sachs chief executive David Solomon told shareholders the bank expects merger‑and‑acquisition activity to accelerate this year, even as the United States and Israel engage militarily with Iran. He linked the outlook to monetary easing, fiscal stimulus, AI‑driven capital spending...
Several state broadband associations -- plus @NEWSMAX -- today asked the U.S. Court of Appeals for the D.C. Circuit to block @NXSTMediaGroup-@TEGNA merger, which closed on March 19, 2026, the same day the $6.2 billion deal was approved by the...
My thoughts on how private credit mangers can rebuild investor confidence in this weekend's @barronsonline: First, they should cut fees: "A lower fee structure would go a long way toward improving managers’ standing with investors". Investors will return to the asset...
Devon Energy (DVN) and Carrizo Oil & Gas (CTRA) unveiled an all‑stock merger valued at $58 billion, giving Devon shareholders roughly 54% of the combined company and Coterra shareholders 46%. The deal instantly makes the new entity the largest independent shale...
Quick Biotech IPO stats for 2026, with six offerings: $AKTS $AGMD $EIKN $SGP $MANE $GENB - Average post-IPO stock performance (offer price to 3/20/26 close): +38%. Without $MANE, avg is negative. - Median post-IPO stock performance: -24% - Total IPO gross proceeds:...
"...in part because of post-IPO lock up periods, the median IPO’s free float share has typically climbed in the months following its launch." - Goldman https://t.co/bKTk8L4OEK
Banking league tables have evolved from simple deal‑count and dollar‑value rankings to multidimensional assessments that include client quality, buyside targeting, and process management. Modern tables gauge how effectively banks attract high‑demand clients, match them with the right buyers, and shepherd...
There is a new meta for merger arbitrageurs, such that traditional antitrust analysis is outweighed by the acquiror's political clout. In particular, if the acquiror employs Mike Davis, their M&A deal is getting done. https://t.co/B0QuYUxxv2
Tokenization and the Future of Securities: Modernizing Our Capital Markets | U.S. House Committee on Financial Services Democrats https://t.co/DIllwrCy1U
Fortress Investment Group is preparing to sell Majestic Wine, the UK’s largest specialist wine retailer, which it acquired in 2019 for £95 million. Rothschild will manage the sales process, with a formal auction expected early next year and no price guidance...
It is as if the media is unaware of the broadly syndicated loan market https://t.co/7VASp4fFsN
Honeywell increased the maximum amount of its Dollar debt tender from $3.75 B to $4.67 B after early participation showed $5.56 B of senior notes tendered. The move underscores robust investor appetite for the company's high‑yield bonds and adds pressure on investment banks...
Exponent Energy announced an extended Series B round that will raise Rs 182 crore ($20 million), co‑led by 360 One and TDK Ventures, with participation from existing backers. The funding lifts the post‑money valuation by roughly 56% to about Rs 1.25‑1.30 billion. Revenue surged 80% to Rs 30.2 crore...
An initial public offering (IPO) is the first sale of a private company’s shares to public investors, typically involving C‑corporations, underwriters, and a SEC‑filed prospectus. The process, which can span six to nine months, costs several million dollars but provides...
Full‑stack fintech WeRize is raising Rs 64 crore (~$6.9 million) through convertible equity, with Sony Innovation Fund contributing Rs 46 crore and 3one4 Capital Rs 18 crore. The capital will fund general operations, working‑capital needs, capital expenditures, and geographic expansion. WeRize, founded by former Lendingkart executives, serves...
Foreign portfolio investors withdrew ₹35,475 crore from Indian equities this week, taking March’s cumulative outflow to ₹88,180 crore – the highest monthly net withdrawal recorded in 2026. The sell‑off accelerated after a Monday outflow of ₹10,827 crore and ended with a Friday dump...
Central Mine Planning and Design Institute Ltd (CMPDIL), a Coal India subsidiary, launched a ₹1,842‑crore offer‑for‑sale IPO on March 21, 2026. The issue attracted a 7% overall subscription on day one, with retail investors at 10% and non‑institutional investors at 5%. CMPDIL...
Abbott said it will finalize its $5.5 billion acquisition of Exact Sciences on March 23, 2026 after securing all regulatory approvals. The deal brings a leading cancer‑screening portfolio into Abbott’s diagnostics business, positioning the company in a $60 billion U.S. market and...
Regulators proposed Thursday letting banks hold less capital, freeing billions for lending, while critics say it increases risks of crises and bailouts.
Capital One’s ongoing integration of Discover is moving its debit cards—and potentially some credit cards—onto the Discover network. The change surfaced when a traveler experienced repeated ATM denials in Poland and Ireland, discovering the card now bears the Discover logo....
I’m sure there’s no desire, or rush, to go public anytime soon, clearly. But as a thought exercise, based on their current numbers: >$1.5b revenue >$250m adjusted EBITDA >10% organic ARR growth >ca$1.4T technology services TAM What do you think the public markets would pay for...
Yields on the two-year Treasury note are up 0.516 pp since Feb. 27, the day before strikes on Iran, to 3.893%. That’s the highest close since July. The gain over the last three weeks is the largest since May 2023 (the...
Otello Corporation announced that between 16 and 20 March 2026 Pareto Securities purchased 97,200 shares at an average price of NOK 17.05, representing a NOK 1.66 million outlay. Since the program’s launch on 9 February 2026, the company has bought a total of...
🚨Small modular reactor and nuclear fuel startup X-energy is going public via IPO. #energy #nuclear link to @axios’ @ChuckMcCutcheon’s item in next post.
Ecolab announced a $4.75 billion all‑cash acquisition of liquid‑cooling specialist CoolIT Systems, expanding its portfolio beyond traditional chemicals. CoolIT’s AI‑focused cooling technology targets the booming data‑center and artificial‑intelligence server market. The deal gives Ecolab immediate entry into a high‑growth, recurring‑revenue segment....
CVC Capital Partners plc released a progress report for its 2026 share buy‑back programme covering the period 16 March to 20 March 2026. The update confirms that repurchases continued as scheduled with no material deviation from the original plan. CVC reiterated its...
Zetwerk, the full‑stack B2B manufacturing platform, plans to raise up to $550 million through an IPO that could value the company near $4 billion. The offering will consist of a $300 million fresh issue and an offer‑for‑sale component for the balance. The firm...
