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.
Electra, a Colorado clean‑iron startup, secured a $30 million venture‑debt facility from J.P. Morgan to move toward its first commercial plant. The company’s low‑temperature electro‑refining process converts iron ore into 99% pure iron using renewable electricity, eliminating coal and high‑grade ore requirements. Recent deals with global steelmakers and an Environmental Attribute Credit agreement with Meta complement the new funding. Electra aims to launch a 130,000‑square‑foot demonstration facility in Jefferson County by mid‑2026, targeting 500 metric tons of low‑carbon iron annually.
Nickel Hayden Advisors announced the addition of Lucas Janda and Eduardo Cabrera, expanding its roster of registered municipal advisors to seven. Janda brings over 15 years of public‑finance experience in school‑district roles, while Cabrera adds five years of municipal financing...
Bank of America, alongside undisclosed lenders, has arranged a leveraged loan to finance Nexstar Media Group’s proposed acquisition of TEGNA. The financing is intended to help Nexstar secure the deal that would make it the nation’s largest single owner of...
Agomab Therapeutics NV closed its Nasdaq IPO, raising roughly $200 million by selling 12.5 million American Depositary Shares at $16 each. The capital will fuel its fibrosis‑focused pipeline, beginning with ontunisertib, an oral TGFβ‑ALK5 inhibitor for fibrostenosing Crohn’s disease that achieved its...
Citigroup’s shares jumped 2.5% after CEO Jane Fraser outlined a bullish outlook at an RBC conference. She said investment‑banking fees and markets revenue should grow in the mid‑teens year‑over‑year, and reaffirmed a target of 10‑11% return on tangible common equity...
Kenyan parliamentary Public Debt and Privatisation Committees have endorsed the government's plan to sell 15% of its Safaricom stake for KES204 billion ($1.5 billion). Proceeds will be funneled into a National Infrastructure Fund to finance roads, energy and other projects, easing fiscal...
Edinburgh Worldwide (EWIT) has tabled a 100% tender offer that would let shareholders cash out at roughly 85% of net asset value, with the remaining 15% deferred until SpaceX’s anticipated IPO. The proposal does not require support from activist hedge...
Amazon filed a preliminary prospectus to raise between $37 billion and $42 billion in a mixed‑currency bond offering, the largest since its $15 billion sale in November. The proceeds are earmarked for Amazon’s aggressive AI push, including massive data‑center construction and a recently...
A new Accordion survey of 200 CFOs and 200 private‑equity sponsors reveals a sharp misalignment on IPO timing and responsibility. While 85% of CFOs say boards or sponsors control the exit, 65% of sponsors expect finance chiefs to own IPO...
Eliot Kerlin, founder of Broadwing Capital, discussed the evolving lower‑middle‑market private‑equity landscape, highlighting larger fund sizes, higher purchase multiples, and greater equity contributions. He noted the rise of operational private equity, independent sponsors and family‑office capital, and the need for...
Hero MotoCorp will invest an additional ₹275 crore in Euler Motors, raising its stake from 34.1% to roughly 36% on a fully diluted basis. Euler has unveiled a ₹300‑400 crore capital‑expenditure plan for the next 18‑24 months to add new production lines,...
CVC has arranged a €3.7 billion financing package for its Global Sport Group, valuing the platform at about €7 billion. The deal combines €1.4 billion from KKR—partly via Global Atlantic—and €1.5 billion of debt from Pimco, with KKR eligible for up to €200 million of...
The March 10, 2026 SPAC Insider roundup offers a curated snapshot of today’s special‑purpose acquisition company landscape, bundling headline stories, Intel‑related updates, and broader market movements. Access to the full content is gated behind a paid monthly subscription, underscoring the platform’s premium...
Investors are concerned about OpenAI's ability to turn a profit -> OpenAI’s IPO Hopes Face Skeptical Investor Community "The mood is mixed. Investors expect the company to raise tens or potentially hundreds of billions of dollars in its initial public...
This is actually good news for health-tech. TALK’s takeout multiple of ~3.0x revenues actually represents a fairly healthy premium to the recent digital health average (recall ACCD was taken out at ~1x). https://t.co/4FyXzAiny4
Flipkart has reappointed Nishant Verman as senior vice president as the Walmart‑owned retailer accelerates its IPO preparations. Verman previously led the $16 billion sale of Flipkart to Walmart and a $4 billion fundraising round involving SoftBank, Tencent, eBay and Microsoft, and he...
"I'm hearing bankers say things like, '$100 million ARR, we could probably take that public.' I haven’t heard that in a while."
Looks like this spring is shaping up to be a "Billionaire Bonanza" what with Musk, Lucky, Ackman, and others lining up with IPOs...
![[INTERVIEW] Creality CEO Pitches Long-Term Growth Story as It Prepares for IPO](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://3dprintingindustry.com/wp-content/uploads/2026/03/Creality-at-Formnext-2025.-Photo-by-Michael-Petch-scaled.jpg)
Creality, the leading Chinese desktop 3D printer maker, is preparing for an IPO while shifting its narrative from product launches to market penetration. CEO Jack Chen argues the industry’s 20‑30% annual growth and untapped household adoption justify long‑term investor focus....
OceanSound announced the appointment of Laura Noisten, formerly of TPG, as head of capital markets. The move comes as the firm prepares for a significant expansion in size and operational complexity. Noisten will be tasked with building the necessary capital...
Aalberts N.V. disclosed that between 2 March and 6 March 2026 it repurchased 166,300 shares for €5,602,990.88, at an average price of €33.69 per share. This transaction brings the cumulative buyback to 197,900 shares worth €6.72 million since the programme’s launch on 27 February...
Pershing Square has filed for a $5 billion IPO of a closed-end fund, Pershing Square USA $PSUS. Additionally, Pershing Square Inc. will go public under the symbol $PS. Buyers of the closed-end fund IPO will also receive shares in the management company. Interesting...
Arkema filed a regulatory notice on February 28 2026 detailing its capital structure in compliance with French Commercial Code article L.233‑8 II and AMF article 223‑16. The company reported 76,060,831 outstanding shares and a total of 95,362,268 voting rights, of which 94,964,128 are held...
Evercore has announced the departure of its APAC secondaries director, a key figure in the firm’s regional secondary market operations. Simultaneously, the investment bank hired Ben Hart, formerly head of investor relations at Adams Street Partners Asia, to lead its...
Capital Tankers Corp has submitted an application to list its shares on Euronext Growth Oslo, as announced on 10 March 2026. The move aims to secure a European trading venue for the tanker operator’s equity. Euronext Oslo Børs confirmed receipt...
GridStor has secured a $120 million financing package from NORD/LB and Siemens Financial Services for its 150 MW/300 MWh Gunnar Reliability Project in Hidalgo County, Texas. The funding includes construction and tax‑equity bridge loans as well as letters of credit, marking Siemens’ first...
Senior bankers in Asia are leaving for competitors at an intensifying pace as the job market heats up again on rising deal flow, sources say https://t.co/airqzDwssP @chan_cat @bergmanjonaso
Having IPO-ed only 6½ years and with a tiny free float, Saudi Aramco announces what effectively is a partial re-nationalisation with a share buyback of up to $3 billion over the next 18 months. That’s going to buy-back ~10% of...
Escape, a Paris‑based offensive security engineering platform, secured €15.4 million in Series A funding led by Balderton, with participation from Uncorrelated Ventures, IRIS and Y Combinator. The round will fund AI‑agent enhancements, expanding its attack surface management, AI‑pentesting and business‑logic‑aware DAST offerings. Escape’s...
SEDEMAC, a deep‑tech firm, launched an offer‑for‑sale IPO of 80.43 lakh shares worth ₹1,087 cr, valuing the company at up to ₹5,970 cr. A91 Partners emerged as the top seller, earning ₹325 cr and achieving a 3.6× return while retaining a 56.2 lakh‑share stake. Nandan...
The article presents a valuation framework that derives exit multiples from long‑run growth, ROIC, and discount‑rate assumptions rather than treating them as arbitrary market plugs. Empirical regressions on high‑growth firms show that expected one‑year revenue growth accounts for roughly 55%...
The escalating Middle‑East conflict is dampening confidence in aviation asset‑backed securities (ABS), prompting issuers to reassess new deals. Investors fear heightened geopolitical risk could trigger airline defaults and impair aircraft lease cash flows. Consequently, global issuance volumes are expected to...
Investment banks and mortgage lenders are discussing a potential increase in the issuance of Credit Asset Securities (CAS) and Structured Trade Asset-Backed Credit Receivables (STACR) following a strong Q4 performance in the US mortgage market. The proposal aims to tap...
MAX Power Mining Corp., the crypto‑mining firm formerly known as X, announced a $20 million brokered private placement to fund its next phase of growth. The offering, led by a syndicate of institutional investors, will be used to expand hash‑rate capacity,...
The acquisition math nobody shows you: Buy at 3–5x earnings Sell at 8–12x earnings 10 businesses × $500K profit = $5M EBITDA $5M EBITDA × 10x = $50M exit Businesses you paid nothing for Funded by the cash flow they already produced This is the game. Learn...
IDB Invest has joined a multi‑lender financing package worth up to $1.175 billion to expand Rio Tinto’s Rincón Mining lithium project in Salta, Argentina. The bank will provide a $100 million loan and technical assistance, while the International Finance Corporation, Export Finance...
COFINA bondholders have filed a second amended complaint against MBIA Inc., alleging the insurer used its control over subsidiaries to allocate assets that disadvantage bondholders. A Connecticut judge previously dismissed claims against the subsidiaries for lack of jurisdiction but permitted...
The question isn’t what the Ellisons will do with Paramount and WBD, but who will acquire those assets at fire-sale prices when their AI synergy narrative can no longer provide cloud cover for their pair of overleveraged legacy media companies.
Alterra IOS secured a $103 million senior debt facility from PGIM’s real‑estate credit arm, backed by 23 industrial outdoor storage properties across 18 U.S. markets. The financing will fund future IOS acquisitions, marking Alterra’s first debt partnership with PGIM. Executives called...
$DSX isn’t giving up on acquiring $GNK - New bid at $23.50/shr (~14% above the rejected offer) - Spread ~7% - DSX (owns 14.5%) brought in $SBLK as a deal partner - Might be interesting at these levels - But keep in mind management...
.@EchoStar's Ergen on $1 trillion+ @SpaceX IPO valuation: 'No amount is crazy here.' @HughesConnects subsidiary has $1.4B in debt due in Aug. EchoStar noncommital on paying it. @NSIL_India wants $117M in Hughes compensation for scrapping sat capacity deal. https://t.co/SLW1OgmkVx https://t.co/73JNfEGG6Z
Edelweiss Financial Services has divested a 4.4% stake in its wholly‑owned subsidiary EAAA Alternatives India for ₹375 crore. The sale coincides with EAAA’s preparation for an IPO targeting up to ₹1,500 crore, as outlined in its draft red herring prospectus filed in...
"Golub Capital will act as sole administrative agent and joint lead arranger on the financing. Ares Credit funds and MidCap Financial will also act as joint lead arrangers on the financing." Should we be marking the private credit loans to Jiffy...
IS THE CREDIT BUBBLE HERE? Record Corporate Debt Explained | Trading Zone Ep. 94 https://t.co/saPNeSSafk
Flexential is pursuing a $1.4 billion asset‑backed securities (ABS) issuance. The notes, structured in two series across four classes, will be secured by its 28 data‑center sites spanning 14 markets and roughly 1.8 million sq ft of floor space. Proceeds will cover closing costs...
Feb. 4: "The IPO window is wide open, but it can slam shut quickly." https://t.co/ojxYOaYx7R
Mayo Clinic announced a $750 million bond issuance slated for early to mid‑April, comprising a blend of 30‑year notes and intermediate‑term debt ranging from seven to 15 years. The proceeds will finance the nonprofit’s expansive "Bold. Forward. Unbound." capital program, which...
Megaworld Corp. raised P945 million by selling 70 million MREIT shares at P13.50 each, adding to prior REIT fundraises of P1.32 billion in December and P2.24 billion in September 2025. The proceeds support a P65 billion capital‑expenditure plan focused on provincial township expansion. MREIT posted...
A former New Mountain Capital executive attempted to acquire five of the firm’s portfolio assets, but the bid collapsed after negotiations stalled. The breakdown highlights the growing importance of baseline economics in pricing trophy‑level private‑equity assets. Investors now treat valuation...
Episode 57 of the Special Situations Report podcast discusses four headline stories. Salesforce announced a $50 billion stock buyback, the largest ever for the company. The show also covers a bidding war for Reservoir Media, insider sales at Warner Bros. Discovery, and Elliott...
