Know What's Happening in Investment Banking
Know What's Happening in Investment Banking
Flex to Acquire Electrical Power Products for $1.1B, Expanding Power Infrastructure Portfolio
Flex Ltd. signed a definitive agreement to buy Electrical Power Products for about $1.1 billion in cash. The target adds roughly $323 million of annual revenue and delivers a mid‑to‑high‑teens EBITDA margin. Flex expects the deal to be accretive to adjusted earnings per share in the first full fiscal year after closing.
Chinese embodied‑intelligence startup Galaxea AI secured roughly $290 million in a Series B+ round, pushing its valuation to about $29 billion. The financing, sourced from industrial investors, long‑term funds and state‑backed capital, follows a $140 million round in February. Galaxea will channel the cash into its Vision‑Language‑Action and World Action models, emphasizing real‑world data over simulation. The company aims to speed up commercial rollout of its integrated perception‑reasoning‑action systems worldwide.
PAC Capital Limited swept four continental awards at the 2026 International Business Magazine ceremony, including Excellence in Cross‑Border Transactions and Best Investment Banking Firm in Africa. The accolades build on its 2025 recognition as Nigeria’s Best Transaction Advisory Firm, underscoring...
Lundin Gold Inc. announced a definitive silver streaming agreement with Canada‑based LunR Royalties Corp., exchanging a life‑of‑mine silver stream for 50,505,051 LunR common shares. The deal, slated to close in Q2 2026, will be paid out as a dividend‑in‑kind, expanding...
Fermi REIT’s shares slid 41% in March, erasing much of the $750 million raised in its 2025 IPO. The drop follows a $150 million tenant withdrawal and looming lock‑up expirations, underscoring investor wariness about the REIT’s AI‑focused power‑grid ambitions.
Nigeria’s National Assembly cleared a fresh $6 billion external loan, prompting Afrinvest to warn that the move could undo recent improvements in the country’s debt‑to‑GDP ratio. The report flags falling reserves, a weakening naira and looming fertilizer price shocks as additional...
Elon Musk disabled xAI co‑founder Ross Nordeen’s accounts this week, making him the eighth founding executive to depart in less than 90 days. The move comes as xAI, valued at roughly $250 billion, prepares for a SpaceX‑linked IPO and faces scrutiny...
Franklin Resources (NYSE:BEN) announced it will acquire crypto‑asset manager 250 Digital, creating a new Franklin Crypto unit. The transaction, slated to close in the second quarter, will be partially paid with BENJI tokens tied to its blockchain‑based mutual fund. By...
Wix.com Ltd. secured $250 million in a private placement led by Durable Capital Partners, earmarked for AI development and a $2 billion share buyback. The funding comes as the company reports a 14% revenue rise to $524 million in Q4 2025 and targets...
Soma Energy, a Vancouver startup founded by former Amazon energy managers, closed a $7 million seed round led by Category Ventures. The funding will accelerate the rollout of its AI‑driven control plane that coordinates renewable assets and data‑center workloads in real...
Intel completed a $14.2 billion transaction to buy back Apollo’s 49% stake in its Fab 34 plant in Ireland, restoring full ownership. The deal lifted Intel’s stock nearly 5% and underscored the massive capital needed to compete in advanced chip manufacturing, a...
Warner Music Group announced a definitive agreement to acquire Revelator, the independent‑focused B2B distribution and rights‑management platform, with closing expected next quarter. HYBE is injecting $100 million into its U.S. arm, HYBE America, to strengthen its North American operations. Sony Music...
Hailo Technologies, an Israeli edge‑AI chip maker valued at $1.2 billion, is preparing a SPAC merger to raise liquidity and list on a U.S. exchange. The deal, disclosed through De lek Automotive filings, would cut the company’s valuation to under $500 million. Hailo’s...
The authors analyze 75,000 sovereign bond auctions from 20 emerging‑market economies (2000‑2023) to uncover how timing decisions differ by currency. Local‑currency issuances closely track refinancing needs, while foreign‑currency issuances are driven by global financial conditions, investor sentiment, and terms‑of‑trade shocks....
The episode examines the resilience of the sub‑sovereign and supranational bond market amid Middle‑East tensions, highlighting strong issuance and investor demand for AAA‑rated public‑sector bonds despite rising yields. Hosts discuss recent deals across Europe and New Zealand, noting that issuers...
In March 2026 the UK public M&A market recorded three Rule 2.7 firm offers, highlighted by Zurich Insurance Group’s recommended cash bid for Beazley plc valued at £8.1 billion (≈ $10.3 billion), Helios Consortium’s hostile pre‑conditional cash offer for CAB Payments Holdings plc of...
Thailand’s corporate bond market faces a liquidity crunch as roughly $18.5 billion in bonds will mature over the next three quarters, according to the Thai Bond Market Association. While investment‑grade issues dominate, about $1.4 billion of lower‑rated and unrated debt is especially...
Private credit has solidified its role as a major financing source, outpacing traditional syndicated bank loans and high‑yield bonds. The 2026 Chambers guide reviews 2025 performance and outlines trends across the United States, United Kingdom and other key jurisdictions. Assets...
The FCA announced it will stop issuing ad‑hoc portfolio letters and instead publish an annual Regulatory Priorities report covering nine defined wholesale‑market sectors. This shift introduces a predictable, pre‑set cadence for regulatory updates that the market has welcomed. Investment banks...
Paramount Pictures has announced a pending $110 billion acquisition of Warner Bros. Discovery, the largest media merger of the year. California Attorney General Rob Bonta warned the state will aggressively challenge the deal, citing red‑flag concerns over competition, newsroom consolidation and...
Elon Musk is reportedly making subscription to X’s AI chatbot Grok a condition for banks, law firms, auditors and advisors to work on SpaceX’s upcoming IPO. Five Wall Street giants—Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley—are...
In this episode, host Jaden Schaefer breaks down OpenAI's historic $121 billion funding round that valued the company at $852 billion, detailing the major investors—Amazon, NVIDIA, SoftBank—and the conditional nature of Amazon's $35 billion commitment. He also examines Huawei's new 950 PR AI chip,...
Antin Infrastructure Partners disclosed a series of share repurchases between March 30 and April 2, 2026, buying back roughly 40,000 of its own shares across multiple Euronext markets. Daily volumes ranged from 1,600 to 7,075 shares, with weighted‑average prices between...
Q1 saw rare consumer megadeals as firms seek scale to counter slowing growth, tariffs and shifting tastes. Risks: integration and regulatory hurdles. Trade insight: buy McCormick for M&A premium capture. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
IPO company demands of their underwriters always remind me of rock star requests for Fiji Water and bowls of green M&Ms. The bigger the deal, the more outlandish and self-serving the demands.
Daydream announced a $15 million Series A funding round led by WndrCo, with participation from First Round Capital and Basis Set Ventures. The capital will fund accelerated hiring, product upgrades and broader market outreach, positioning the startup as a leading AI‑native...
If you are wondering why @openai bought @tbpn, then you have to go back to 1902 to get an answer, from an unlikely and the least capitalistic of sources. My short and sweet column from last evening (tip @techmeme). https://t.co/OUAfFSYMS6
We know that OpenAI and Anthropic want to go public. The question is why, in an age of "stay private longer" https://t.co/6SiRk8bCTb
CoreWeave, Inc. closed an $8.5 billion delayed‑draw term loan facility (DDTL 4.0), rated A3 by Moody’s, allowing the company to draw up to $7.5 billion now and expand to $8.5 billion as its GPU assets mature. The financing, priced at SOFR + 2.25% (about 5.9% fixed),...
Legrand SA filed a regulatory notice confirming its share capital remains at 262,245,733 shares as of March 31 2026. The theoretical voting rights equal the share count, while exercisable voting rights total 261,364,529 after excluding non‑voting shares. No stock options were exercised...
Getlink SE filed a regulatory notice reporting its share capital as of 31 March 2026. The company has 550 million ordinary shares with a nominal value of €0.40 (≈ $0.44) each. Theoretical voting rights total 682,176,835, while exercisable voting rights stand at 674,074,382, reflecting...
Cursor introduced Cursor 3, an AI‑agent‑first coding platform that lets developers assign work to multiple autonomous agents. The launch comes as the startup raises fresh capital at a $50 billion valuation, intensifying competition with Claude Code, Codex and emerging open‑source agents.
ICYMI: The HumanX & Crunchbase AI Funding Report is out. In 2025, AI companies raised $211B, nearly half of global VC. See where capital is flowing now, & which companies presenting at HumanX may be poised for funding, acquisitions, or...
Touax SCA disclosed its share capital and voting rights for the quarter ending March 31, 2026. The company reported 7,011,547 shares outstanding, 8,256,427 total voting rights and 8,220,697 exercisable voting rights, excluding treasury shares. Touax manages roughly €1.3 billion (about $1.43 billion) of assets,...
NEW ODD LOTS: This is what investment bankers actually do all day. @tracyalloway and I talk to Scott Bok, former longtime CEO of Greenhill & Co, to understand better what the industry does and why companies pay up for their services https://t.co/bLORIQJ8Oq
I joined @jonathanmaze on his "Deeper Dive" podcast earlier this week to discuss the Sysco/Restaurant Depot deal. #restaurant #distribution #Sysco $SYY https://t.co/aJyWwsj04T
The sudden market slowdown in early 2026 has highlighted that pre‑IPO planning is no longer a gamble on going public but a strategic platform that preserves all liquidity options. Companies with IPO‑ready infrastructure can instantly shift to M&A, secondary sales,...
The Securities and Exchange Board of India (SEBI) is set to launch a digital platform called SEBI SETU this month, aiming to streamline registration and ongoing compliance for investment advisers (IAs). The move comes as India’s retail market boasts over 22 crore...
Wireless carrier T‑Mobile and private‑equity firm TPG are reportedly evaluating a joint acquisition of Uniti Group’s fiber‑to‑the‑home business and its enterprise fiber assets. The prospect has lifted Uniti’s shares 6.7% to $10.01, underscoring market interest in consolidating broadband infrastructure.
Blackstone has supplied an $851 million refinancing package for a 17‑asset, 9.1 million‑square‑foot industrial portfolio spanning nine U.S. logistics markets. The loan, arranged by CBRE Investment Management’s debt team, highlights persistent investor appetite for leveraged financing in the logistics sector.
SpaceX has confidentially filed with the SEC for a $1.75 trillion initial public offering that could raise up to $50 billion. A 21‑bank underwriting syndicate headed by Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America and Citigroup will run the deal,...
OpenAI announced the acquisition of the daily tech‑talk show TBPN, bringing its hosts John Coogan and Jordi Hays into the company’s strategy organization. The price was not disclosed, though analysts cite “low hundreds of millions” and note TBPN’s $5 million ad...
Texas public schools are shouldering $148.3 billion in outstanding bond debt and an additional $88.3 billion in accrued interest, the largest municipal exposure of any U.S. state. The debt surge stems from a property‑tax‑driven financing model that forces districts to borrow for...
Elon Musk announced that SpaceX will launch data‑center satellites to power AI workloads from orbit, and he positioned the plan as a cornerstone of a confidential $75 billion IPO filing that could value SpaceX at $1.75‑$2 trillion. The proposal raises questions about...
Financial‑technology firm Murex has partnered with programmable‑money platform Quant to embed Quant’s Flow and Overledger infrastructure into its MX.3 capital‑markets system. The integration brings institutional‑grade tokenized‑asset issuance, settlement and post‑trade processing into existing trading, risk and collateral workflows. By providing...
The Morning SPAC News Roundup for April 3, 2026 compiles the latest special‑purpose acquisition company filings, de‑SPAC transactions, and market commentary. While the full article is behind a subscription wall, the teaser indicates a continued slowdown in SPAC IPO activity, with volumes...
The $1.7 trillion private‑credit market is facing its first systemic stress test, shifting focus from fund liquidity to borrower health. Andres Pinter argues that the 13‑week cash‑flow forecast is the only covenant that truly matters for assessing a company’s ability to...
Two U.S. food giants announced blockbuster acquisitions in early April, with Sysco agreeing to buy Jetro Restaurant Depot for roughly $29 billion and McCormick planning a near‑$45 billion purchase of Unilever’s food division. The deals placed both companies inside the global top‑10...
The Reserve Bank of India will pilot a Benchmark Issuance Strategy (BIS) for select states starting FY27. Under the scheme, states will issue State Development Loans in fixed tenor buckets—5, 10 and 15 years—according to a pre‑announced borrowing calendar, creating...
Asian Development Bank is issuing its inaugural catastrophe bonds, offering two separate $75 million notes to the Kyrgyz Republic and Tajikistan. Each bond provides multi‑year parametric coverage for earthquake and extreme precipitation events, with $65 million earmarked for earthquakes and $10 million for...
A holding company with billions of dollars in cash and asset value has issued a secured bond that is trading at distressed spreads, more than 600 basis points over Treasuries. Despite the wide spread, every bond maturing since 2023 has...
