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.
Proskauer Rose announced a series of senior hires to expand its private funds platform, adding partners with deep experience in fund formation, regulatory compliance, and capital‑markets transactions. The new talent bolsters the firm’s ability to serve private‑equity, venture‑capital and hedge‑fund sponsors as demand for sophisticated fundraising structures accelerates. By scaling its private‑capital practice, Proskauer aims to capture a larger slice of the high‑margin private funds market and compete more directly with established rivals. The hires also enhance the firm’s cross‑border capabilities, reflecting growing global investor interest.
IDB Invest is providing $283 million to Rutas del Este—a consortium of Grupo Sacyr and Ocho A—to extend Paraguay’s Route 2 by roughly 61 kilometers, linking Asunción with Luque, Areguá and San Bernardino. The upgrade adds new alignments, beltways, intersections and viaducts, aiming to cut congestion, improve...
Circle, the world’s largest regulated stablecoin network, completed a landmark 2025 IPO that valued the company at roughly $20 billion and saw shares close at $80, far above the $31 offering price. Co‑founder and CEO Jeremy Allaire highlighted the firm’s mission...
The Austin City Council approved up to $575 million in water and wastewater revenue‑refunding and improvement bonds. $450 million will refinance short‑term commercial paper into long‑term debt, while $75 million will refund callable Series 2015 A bonds and $50 million will fund capital projects at the...
Moody's downgraded the University of Louisiana at Monroe student‑housing revenue bonds (Series 2019A) from B2 to B3, citing weak demand and an 85% occupancy rate. The debt‑service coverage ratio slipped to 0.98× as of December 2024, forcing draws on the debt‑service reserve....
The airport municipal bond sector has demonstrated strong credit resilience, weathering crises such as 9/11, COVID‑19, and recent geopolitical turbulence. Federal relief via the CARES Act prevented mass downgrades, and General Aviation Revenue Bonds (GARBs) have maintained stable, investment‑grade ratings...
9 million businesses changing hands this decade the acquirer in your market is already calling owners already signing NDAs already in due diligence the sellers they close with this year were always going to sell to someone the only question was whether that someone was you
NSE has finalized appointment of 20 merchant bankers and eight law firms for its long‑awaited IPO. The syndicate includes domestic powerhouses like Kotak Mahindra Capital and global banks such as Morgan Stanley, while legal counsel features firms like Cyril Amarchand...
The software maturity wall isn't a secret. Everyone has this chart. $38B in 2028. Mostly B and below. These aren't getting refinanced at par. They're getting extended. The only question is whether the A&E is consensual or coercive. And if the last...
Blue Owl says the marks are real. Every sell-side analyst has a Buy. Yet $OBDC trades at a 25% discount to NAV. Finally had a chance to go through the portfolio. Found exactly what you'd expect: stale marks, understated software exposure,...
France’s private equity market continues to hold its ground in Europe despite a broader fundraising slowdown. Recent data shows French funds maintaining stable capital commitments while peers in the UK and Germany face declines. The resilience is attributed to a...
Not just another #MandA. #Savills aims for #Eastdil's prestige as it pays $1.1B for #capitalmarkets giant. 'Creates a global #realestate powerhouse' #EastdilSecured #mortgage #CRE #investmentsales https://t.co/5wlSWrEAp5
IPO market in the toilet. First was MiniMed pricing low. Then PayPay. Now MDA Space, which goes well below its as-converted price in Toronto.
The UK Debt Management Office completed a £6.25 billion (US$8.4 billion) Green Gilt offering maturing in 2037, the first new green gilt since 2021. The issuance brings total green gilt proceeds to £55.8 billion since the program’s launch and introduces a dedicated green...
London’s capital markets have been dominated by overseas firms snapping up UK businesses. Simon Peckham is pushing in the other direction. https://t.co/8UIULznzFQ
When the financial crisis was heating up, geniuses at Deutsche Bank opted to buy more "highly rated" tranches of mortgage backed securities. With that in mind, when I see that DB says they are expanding their private credit exposure, I...
M&A activity in the United States has slumped, with announced mergers dropping 23% to 1,795 by March 9, while sports and e‑sports deals fell to just five this year versus 57 in 2025. The downturn is driven by the February “SaaS‑pocalypse,”...
The world's most important website is in shambles. What the heck is going on with EDGAR? https://t.co/pKsJXrmAal
Venu Holding announced an $86 million oversubscribed public equity offering, selling 18.75 million shares at $4 each and adding warrants for additional purchases. The capital will fund new venues in Texas and Oklahoma, repay a $4.35 million promissory note, and support working capital....
Bank merger‑and‑acquisition activity surged in 2025, but the war in Iran has introduced sharp stock‑price volatility that threatens to stall the consolidation wave. Falling bank‑stock values erode the equity currency traditionally used to fund deals, pushing pricing down and making...
Compensation Standards and TheCorporateCounsel.net are hosting two free webcasts in March aimed at companies preparing for an IPO and newly public firms. The March 18 webcast, “Pre‑IPO Through IPO: Compensation Strategies for a Smooth Transition,” will guide executives through equity...
Barcelona‑based Delfos Energy closed a €3 million seed extension, bringing its total funding to €10 million. The round, led by new investor Vox Capital/COPEL alongside existing backers, supports the company’s AI “virtual engineer” platform that now monitors over 1,000 renewable‑energy sites across...
The SEC issued new CDIs 166.02 and 166.03 that broaden exemptions for cross‑border tender offers. CDI 166.02 allows offerors to buy target shares after announcing a tender but before distributing offering documents, provided the purchases are disclosed and may continue...
U.S. M&A activity exploded from roughly 4,200 deals in 2020 to a record 10,600 in 2021, a 2.5‑fold jump. By 2023 the volume had slumped 42%, reflecting a sharp reversal. Analysts link the collapse to runaway inflation, soaring Fed rates,...
Foodtech conglomerate Eternal has infused Rs 450 crore (≈$50 million) into its quick‑commerce arm Blinkit via a rights issue, marking the first 2026 capital injection after a Rs 2,600 crore investment in 2025. Blinkit reported Q3 FY26 revenue of Rs 12,256 crore and a...
The article explains how listed companies can repeatedly raise equity through capital increases after an IPO, distinguishing actual and nominal increases. It outlines why firms choose equity financing over debt, citing growth, M&A, balance‑sheet strength, and liquidity benefits. Various Swiss‑law...
Cyprus‑based shipowner Petros Panagiotidis is spinning off Robin Energy's tanker unit into a new Nasdaq‑listed entity called AI Okto. Existing Robin shareholders will receive one AI Okto share for every 6.5 Robin shares, and the new company will launch with...
JP Morgan said it will likely (my interpretation) be demanding more collateral for their loans to Private Credit. That means JP Morgan believes the collateral values are down from the loan origination date.
The author predicts an imminent run on private credit, forecasting that liquidity pressures will materialize by the end of the week or early next week. A recent appearance on the Thoughtful Money podcast confirms the prediction, indicating that investors are...
The asset‑backed finance sector is witnessing a surge in recourse‑light net asset value (NAV) loans, where lenders provide financing based on a fund’s portfolio NAV with limited recourse to the manager. Streamlined documentation and standardized terms are making these facilities...
Runway Growth Finance Corp announced a NAV‑for‑NAV merger with SWK Holdings that will add roughly $242 million of assets, pushing healthcare and life‑sciences exposure from 14% to about 31% of the portfolio. Management expects mid‑single‑digit net investment income accretion in the...
Uruguay has launched its first credit risk transfer (CRT) transaction in Latin America, marking a milestone for the region’s structured credit market. The $500 million synthetic securitisation, backed by sovereign assets, was structured by local banks and underwritten by a consortium...
Edge Focus CEO Elliott Lorenz discussed a new generation of AI underwriting that transforms asset‑backed finance. By applying advanced machine‑learning algorithms to securitisation, lenders can more accurately price and structure credit for esoteric assets such as royalties, aviation leases, and...
🇯🇵📍🇺🇸 Update: PayPay’s US IPO • Priced at $16/share • Below the $17–$20 target range • Raised $880M • Valuation: $10.7B The softer pricing highlights continued caution in the IPO market. via Reuters https://t.co/N76UYrg8Dt
My thoughts on the SPAC market today: “Not having mergers is certainly a negative because that’s what ultimately drives the entire sector. There’s no point in having a bunch of IPOs if you’re not going to see any material deal...
Affirm announced a new securitization, the Master Trust series 2026‑2, raising $518.1 million to fund point‑of‑sale unsecured consumer loans. The pool carries a weighted‑average FICO of 672, the lowest among its recent trusts, and is divided into five tranches maturing on...
After a flurry of IPOs that raised $11.7 billion this year, a new crop of blank-check firms are joining a long queue: all the other vehicles waiting for the chance to take a company public https://t.co/LpBCk25L1r
Southern Land Co. has refinanced its 27‑story Josephine apartment tower in Philadelphia’s Rittenhouse Square with a $145 million loan from Affinius Capital. The development, built at a total cost of $204.5 million—including a $24.5 million land purchase and $180 million construction—features 255 residential units...
Warner Music Group’s subsidiary WMG Acquisition Corp. has secured a $1.645 billion credit agreement with JPMorgan, consolidating its fragmented 2012‑era debt into a single package. The deal includes a $1.295 billion term loan to retire existing term‑loan obligations and a $350 million revolving...
SCOOP: Billionaire Tilman Fertitta has been in exclusive talks to buy Caesars Entertainment for around $34/sh. https://t.co/Mz8usEYgRm
Uncle Sam wants YOU, sponsor coverage bankers of Wall Street. @semafor scoop on DoD's push to hire investment bankers with deep ties to PE as it hunts for natsec deals https://t.co/lTRGjUesXl
Navan, a travel‑booking platform that raised $6.2 billion in its fall 2025 IPO, has seen its stock tumble nearly 60% amid earnings disappointments and executive turnover. A proposed class‑action filed in February accuses Navan and its senior officers of filing a...
Brazilian retailer Companhia Brasileira de Distribuição (GPA) announced on March 10 that it has entered an extrajudicial recovery plan approved by the São Paulo court. The plan suspends GPA’s obligations to its creditors for 90 days, allowing negotiations aimed at securing...
Jacktel announced that Equinor has extended the Draupner offshore contract by six weeks, now ending on May 27, 2026. Upon completion, the Haven vessel will be redeployed to a new location for a 15‑month firm charter. The extension eliminates the...
Mercialys filed a regulatory notice on March 11 2026 outlining its capital structure as of February 28 2026. The French retail REIT reported 93,886,501 outstanding shares, each carrying one voting right, for a total of 93,886,501 voting rights. Of those, 93,482,942 voting rights were...
Shell plc disclosed that on 11 March 2026 it repurchased 668,165 of its own shares for cancellation, executing trades on six European venues. The GBP‑denominated purchases averaged £31.97 per share, while EUR‑denominated trades averaged €36.98. The transactions form part of...
The Dow Jones Industrial Average slipped roughly 300 points as oil prices surged toward $90 a barrel amid heightened Iran‑Israel tensions. The International Energy Agency announced a record release of 400 million barrels to cushion supply disruptions, further fueling market volatility....
US leveraged finance issuance exceeded $160 bn in February 2026, but slipped 11 % from January. Bank loans rebounded to $50 bn after a slower month, while high‑yield bond issuance held steady at $30 bn. Institutional loans, the bulk of the market, fell sharply...
Milwaukee‑based Landmark Credit Union announced it will acquire American National Bank‑Fox Cities, adding $419 million in assets and two branches to its $7 billion portfolio. The transaction, the fifth credit‑union‑bank deal this year and the third full‑bank purchase, is slated to close...
Veradermics closed a $294.8 million IPO, pricing 17 dollars per share and debuting on the NYSE under the ticker MANE. The capital will fund its late‑stage clinical program for VDPHL01, an extended‑release oral minoxidil aimed at androgenetic alopecia. The company has completed...
