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.
Trellis Software is suing ClearList Holdings over a disputed $843 million stake in SpaceX shares, arguing the investor is trying to squeeze it out before the rocket maker's anticipated IPO. The case could set a legal benchmark for how minority owners are treated in secondary‑market deals as private‑company valuations soar.
The New Development Bank (NDB) announced a push for yuan‑denominated funding, having sold 25 billion yuan ($3.6 bn) in panda bonds last year – its biggest issuance since 2016. The move aims to give Global South projects cheaper, locally‑hedged capital and to...
19 written questions. That's what a client brought to our meeting. But they were all asking the same thing: Can I trust you? Here's what that revealed about financial advisory.
Private‑equity fundraising in Q1 2026 totaled $86 billion, marking the slowest pace in a decade. The figure trails the already weak $423.4 billion raised across 2025, suggesting a continued contraction. Market turbulence in private‑credit and software sectors, coupled with heightened geopolitical risk...
The episode dissects Unilever’s £45 billion (≈ $55 billion) spin‑off of most of its food portfolio to McCormick, highlighting the complex deal structure that leaves Unilever with a 55% stake in the enlarged McCormick and a 10% share it must sell down, creating...
OpenAI buying a podcast for a few hundred million and SpaceX IPOing for a $2 trillion feels like a wierdly localized form of ZIRP. https://www.wired.com/story/openai-acquires-tbpn-buys-positive-news-coverage/
Caixin: "For the first quarter of 2026, dim sum issuance totaled nearly 400 billion yuan, up 14% from a year earlier." https://t.co/yksX2koWPr
Sunway Group, led by billionaire Jeffrey Cheah, has lodged a RM11 billion (≈US$2.7 billion) cash‑and‑share offer to acquire builder IJM. The proposal values each IJM share at RM3.15 (≈US$0.68), with 10% paid in cash and the remainder in newly issued Sunway shares. So...
Bithumb has postponed its IPO until after 2028, extending previous timelines that aimed for a 2025‑2026 debut. The delay follows a $43 billion Bitcoin transfer error that triggered regulatory fines and a temporary suspension of operations. Executives are now focusing on...
Echo Global Logistics’ acquisition of ITS Logistics has earned solid endorsements from Moody’s and S&P Global Ratings. Both agencies kept Echo’s B‑/B3 rating unchanged but upgraded the outlook to positive, signaling potential future rating improvements. The combined entity is projected...
Warner Bros. Discovery shareholders will vote on a $110 billion acquisition by David Ellison’s Paramount Skydance, a deal that would unite two historic Hollywood studios. California Attorney General Rob Bonta has launched an antitrust review, questioning the fairness of a federal investigation...
Portugal's state-owned holding company Parpublica received non‑binding offers from Air France‑KLM and Lufthansa Group for a 44.9% minority stake in TAP Air Portugal, plus a 5% employee tranche. The government set an April 2 deadline and expects a preferred bidder to...
Due diligence reports compile financial, legal, operational, and commercial data to help executives evaluate merger, acquisition, or investment deals. Using a pre‑designed template accelerates data gathering and ensures critical sections—executive summary, company overview, deal details, and risk assessment—are not omitted....
ZIM Integrated Shipping Services Ltd. will hold a shareholder vote on April 30, 2026 to approve a merger with Norazia (Israel) Ltd., a subsidiary of Hapag‑Lloyd AG. If the deal closes, each ZIM ordinary share converts into a $35.00 net cash payment,...
Home‑based care M&A is moving away from the old playbook of rapid, scale‑driven deals toward a more disciplined, data‑rich approach. Buyers now scrutinize billable hours, caregiver KPIs, payer mix and AI technology stacks, while cultural compatibility has become a decisive...
On April 2, 2026, DBRS Limited (Morningstar DBRS) issued provisional credit ratings for the Real Estate Secured Line of Credit‑Backed Notes, Series 2026‑1AP, to be issued by HELOCS Trust. The securities are structured as residential mortgage‑backed securities (RMBS) backed by real‑estate secured lines of...
Despite geopolitical turbulence, global M&A activity surged in Q1 2026, topping $1.2 trillion in value. Deal count fell 17% year‑over‑year, but average size rose, with 22 transactions exceeding $10 billion—a quarterly record. AI‑related equity stakes drove four of the six largest deals,...
DBRS Ratings Limited issued provisional credit ratings for the seven note classes of Pavillion Mortgages 2026‑1 PLC on April 2, 2026. The senior A1, A2 and B tranches received AAA ratings, while the lower C, D, E and F tranches were assigned A, BBB,...
SBA Communications, a leading tower operator with over 46,000 sites, is weighing strategic alternatives after receiving preliminary takeover interest from large infrastructure funds. The company’s enterprise value stands at roughly $37 billion, including debt, while its market cap is about $21.6 billion...
Oracle is close to finalizing a $16 billion financing package for Related Digital’s massive data‑center campus in Saline Township, Michigan, which will be leased to the tech giant under its Stargate AI partnership with OpenAI. The deal comprises a $2 billion equity...
Globalstar (GSAT) stock surged roughly 13% after reports that Amazon is negotiating to acquire the satellite‑communications operator. The deal would give Amazon a low‑Earth‑orbit broadband platform, bolstering AWS and positioning it against rivals such as SpaceX’s Starlink. Analysts caution that...
Blue Owl's non traded BDC, OCIC, received redemption requests for 21.9% of the fund. Is it cooked? No, it'll be fine. Here's why: 1) Portfolio turnover and 5% quarterly tender - OCIC tenders for 5% of its fund each quarter (20% per annum),...
SpaceX is reportedly preparing an initial public offering that would value the company at roughly $1.75 trillion, dwarfing any previous aerospace listing. The filing, disclosed by Reuters, suggests the rocket maker aims to raise billions to accelerate Starship development and its...
In this episode, Bloomberg Intelligence ABS strategist Rod Chattagumbe discusses his newly released Auto ABS Primer, highlighting that auto ABS spreads have compressed to below their five‑year average and now appear relatively rich. He explains that strong upgrade‑to‑downgrade ratios—154 upgrades...
JP Morgan has launched a $349.2 million residential mortgage‑backed security (RMBS) backed by a pool of 244 hybrid adjustable‑rate mortgages. The JP Morgan Mortgage Trust 2026‑HYB1 uses a modified sequential repayment waterfall, diverging from the conventional senior‑subordinate, shifting‑interest structure. The securities are...
Shell plc announced on 2 April 2026 that it repurchased 858,749 shares for cancellation across four European venues as part of its on‑ and off‑market buy‑back programme. The UK‑listed portion (405,064 shares) was bought on the LSE, Chi‑X and BATS at an...
Professor Kate Elengold’s paper “It’s All Debt to Me” maps the fragmented U.S. debt‑law landscape across public‑vs‑private and voluntary‑vs‑involuntary axes, revealing why four borrowers each owing $15,000 face markedly different legal outcomes. The framework visualizes how statutes, case law, and...
Emirates NBD has secured Reserve Bank of India approval to acquire up to 74% of RBL Bank’s paid‑up share capital, with a mandatory minimum holding of 51%. The deal, valued at roughly $3 billion for a 60% controlling stake, triggers a...
Amazon is negotiating a purchase of Globalstar valued between $9 billion and $11 billion, a move that would bolster its Leo low‑Earth‑orbit constellation and directly challenge SpaceX’s Starlink. The deal faces a hurdle: Apple’s 20% stake in Globalstar, which will require separate...
Black Hills Corp. (NYSE: BKH) and NorthWestern Energy (NASDAQ: NWE) received shareholder approval for their all‑stock merger, creating Bright Horizon Energy Corp. The combined utility will serve roughly 2.2 million electric and gas customers across eight states. Closing is expected in...
Intel announced it will repurchase Apollo Global Management’s 49% stake in its Leixlip, Ireland Fab 34 for $14.2 billion, using existing cash and about $6.5 billion of new debt. The move restores full control of a key EUV‑enabled facility and lifted Intel shares...
OpenAI closed a $122 billion funding round at an $852 billion valuation and announced $2 billion in monthly revenue, with enterprise now accounting for over 40% of sales. The raise, led by Amazon, Nvidia and SoftBank, fuels a new enterprise‑focused model dubbed “Spud,”...
Blue Owl Credit Income (OCIC) with 21.9% tendering for redemption and Blue Owl Technology Income (OTIC) with 40.7% tendering for redemption makes sense as both have publicly-traded "sister" funds that trade at large discounts to NAV: Blue Owl Capital $OBDC trades...
She dropped a 600-word equity research note in 2007. It erased $369B in market cap, ousted a CEO, and made her a Wall Street legend.
Ares Management announced it has raised roughly $5.4 billion in aggregate capital for its U.S. and European value‑add real estate strategies, closing US Real Estate Fund XI at a $3.1 billion hard cap and European Property Enhancement Partners IV at $1.9 billion. The combined...
SpaceX trying to go public at 80x forward sales, 500x forward earnings, and 125x forward EV/EBITDA multiple https://t.co/rk6SKuODJy
Space sector seems to be heating up in anticipation of SpaceX IPO. Buy the rumor sell the news? https://t.co/sbYe78s3xY
The Securities and Exchange Board of India (SEBI) has proposed reinstating open‑market share buybacks through stock exchanges, adding the method to the existing tender‑offer and book‑building routes. The proposal, open for comment until April 23, changes the tax treatment so that...
Crunchbase called it. In March, our predictive intelligence confirmed 731 predictions. We flagged Granola’s $125M round months early and RIVR as an acquisition target before Amazon made it happen. Not guesswork. Powerful predictions that give you an edge. 🔮 https://t.co/ykNPWspQ8D
LIVE - Buying a Business? What You NEED to Know First with Chris Papin https://t.co/2ry1qMoroe
MJ Orbach Associates secured a $29.5 million refinancing loan from Ladder Capital for its 176,000‑square‑foot office building at 260 West 39th Street in Manhattan’s Garment District. The loan was arranged by Arrow Real Estate Advisors, whose team highlighted Ladder’s focus on the asset’s strong...
Medallia loan value continues to decline, with latest marks at 69. With the term loan in distress, the $5.1 billion of equity has certainly been vaporized. This -100% private equity loss surpasses any private credit loss by an order of magnitude. Where's...
In March 2026, thirty‑eight cybersecurity‑focused M&A deals were announced, marking a rapid acceleration in the sector. The month’s headline transactions include Google’s $32 billion closure of the Wiz acquisition, Zurich’s $11 billion purchase of Beazley, and a series of AI‑security buyouts such as...
Matt Peterson, the new CFO of fintech lender Branch, says an IPO should be treated as a discipline rather than a deadline, emphasizing rigorous fundamentals over timing. He draws on his experience guiding Fastly’s 2019 IPO and highlights usage‑based pricing...
Places for People, one of the UK’s largest housing associations, has secured a £100 million (approximately $128 million) senior debt facility from Macquarie. The financing will be used to fund the construction of new affordable homes and to refinance existing assets. The...
Sysco has announced a $29.1 billion bid to acquire Jetro Restaurant Depot, merging its delivery‑centric network with Depot’s cash‑and‑carry warehouse model. The combined platform would serve over 700,000 independent operators through mixed pick‑up and delivery options, targeting roughly $250 million in annual...
Home Bancshares Inc. closed its $150 million acquisition of Tennessee‑based Mountain Commerce Bancorp, issuing 5.4 million shares valued at $146 million. The deal adds eight Tennessee branches, lifts Home Bancshares to the 89th largest U.S. depository institution and brings total assets near $25 billion.
EnerVenue announced a $300 million Series B extension and the appointment of veteran executive Henning Rath as CEO. The funding, led by Full Vision Capital and backed by Hong Kong’s Investment Corporation, will fuel large‑scale manufacturing and a new regional headquarters in...
Germany's Eat Happy Group and Hana Group's European sushi operations are negotiating a merger, backed by a strategic investment from One Rock Capital Partners. The combined entity would cover roughly 5,800 points of sale across 14 European countries, linking Hana's...
CoreWeave closed an $8.5 billion delayed‑draw term‑loan facility, rated A3 by Moody’s, giving the AI‑focused cloud provider access to up to $7.5 billion immediately and a further $1 billion as assets mature. The financing lifted CoreWeave shares 8.4% in one day, highlighting investor...
