Investment Banking Blogs and Articles
Investment Banking Blogs and Articles
Investment Banking Pulse
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
Alaska Air is eyeing JetBlue as a potential acquisition, attracted by the combined route map and East Coast foothold. The deal would give Alaska access to Boston, JFK slots, the Mint premium brand, and a fleet of A321LRs suited for thin transatlantic routes. However, JetBlue carries a massive debt load, with a $602 M loss in 2025 and $580 M in annual interest expense, plus a complex TrueBlue financing structure. Regulatory obstacles and fleet integration costs further dampen the attractiveness, leading analysts to recommend waiting for a Chapter 11 restructuring before any purchase.
The VC Corner blog post unveils a free seven‑sheet Excel model that lets founders and investors run a full accretion/dilution analysis on any M&A transaction. The tool calculates whether the acquiring company’s earnings per share (EPS) will rise or fall...
A bond is a debt instrument where investors lend money to governments, corporations, or municipalities in exchange for periodic interest payments and return of principal at maturity. The article explains core features such as face value, coupon rate, maturity, and...
Mitsubishi Electric, Rohm and Toshiba Electronic Devices & Storage have signed a memorandum of understanding with Japan Industrial Partners and TBJ Holdings to explore merging their power‑semiconductor businesses. The proposed joint venture would combine silicon, gallium‑nitride (GaN) and silicon‑carbide (SiC)...
On March 25, 2026 Volaris approved a merger with Viva Aerobus, creating a combined entity that will control roughly 71% of Mexico's domestic low‑cost market. The deal is financed by a $248.3 million capital increase that will dilute existing shareholders by...
CrossCountry Mortgage announced an $8.45 billion acquisition of Two Harbors Investment Corp., a leading mortgage REIT. Two Harbors common shareholders will receive $10.8 in cash per share, a 5.26% discount to the prior close, while Series A‑C preferred holders will be...
Inflection Point Acquisition Corp. VI priced a $220 million IPO and will begin trading on Nasdaq under the ticker IPFXU on March 27, 2026. The SPAC targets North American and European companies in disruptive growth sectors, leveraging the expertise of its senior management team....
The InsideArbitrage Event Driven Monitor highlights a series of high‑profile M&A moves, including the $22 billion merger‑of‑equals between Equitable Holdings and Corebridge Financial, and Henkel's $1.4 billion cash acquisition of Olaplex at a 55% premium. Servier has opened a tender offer for...
Our weekly DCF model values Pfizer Inc. at roughly $14‑15 per share, far below its current trading level near $27. The analysis uses a 9% discount rate, 2% terminal growth, and projects free cash flow stabilizing around $10 billion by 2029,...
Mastercard has engaged investment bankers to explore selling the real‑time payments business it bought from Denmark’s Nets in 2019 for $3.2 billion. The unit, which produces roughly $370 million in revenue and $100 million EBITDA, is expected to fetch a price below its...
QDRO Acquisition Corp. priced a $200 million initial public offering, with its units slated to begin trading on Nasdaq under the ticker QADRU on March 27, 2026. The SPAC aims to merge with a target in the U.S. financial‑services sector and may also...
Future Money Acquisition Corporation (NASDAQ:FMACU) priced its $100 million initial public offering and will begin trading on Nasdaq on March 27, 2026. The SPAC is targeting a merger with a company operating in artificial intelligence, Web3, or intelligent manufacturing. Sponsor leadership...
Totalis Program Underwriters has acquired ShoreOne Insurance Managers, a niche provider of homeowners insurance with integrated flood coverage. The deal terms were undisclosed, and ShoreOne will operate as an independent business unit under Totalis, with Cameron Rhodes taking over as...
VivoPower PLC announced Nasdaq’s approval of the “TEMB” ticker for the forthcoming Tembo Group N.V., the entity to be created through its merger with Cactus Acquisition Corp. I. The deal values Tembo at an indicative pre‑money equity of about $838 million,...
The March 26, 2026 SPAC Insider morning roundup is a subscription‑only briefing that aggregates the day’s special‑purpose acquisition company (SPAC) developments. The page offers no free headlines, requiring a monthly plan to view detailed deal announcements, de‑registrations, and market commentary. While the...
Henkel AG announced a cash acquisition of Olaplex Holdings for $1.4 billion, offering $2.06 per share—a 54.9% premium to the prior close. The deal values Olaplex at 13.72 times its EBITDA and is slated to close in the second half of...
Cisco, Kioxia, Sandisk and Solidigm have collectively invested about $2.5 billion in Taiwan’s Nanya Technology through a private‑placement share offering. The capital will fund expansion of Nanya’s DRAM fabrication capacity, addressing a global memory shortage. Each investor also signed separate DRAM...
Paramount's pending acquisition of Warner Bros. Discovery faced a surprise eleventh‑hour bid from Singapore‑registered Nobelis Capital, offering $32.50 per share in cash. The proposal lacked disclosed financing or a definitive agreement, prompting Warner’s board to label it a likely non‑serious...
The U.S. Department of Justice approved the Hewlett Packard Enterprise‑Juniper Networks merger, citing modest antitrust risk and clear national‑security benefits. Critics argue the consent decree was politically motivated, but the Tunney Act hearing highlights pro‑competitive remedies such as divestitures and...
The FDA issued a warning letter to ImmunityBio for misleading promotional claims about its bladder‑cancer drug Anktiva, triggering a roughly 26 percent drop in the company’s shares and giving it 15 days to submit a corrective plan. In parallel, Merck announced a...
The article argues that acquihires—transactions focused on acquiring a startup’s workforce rather than its products—are attracting heightened antitrust scrutiny, especially in the AI sector, but they are not inherently anti‑competitive. It cites recent high‑profile deals such as Microsoft’s hiring of...
Merck announced a $6.7 billion cash deal to acquire Terns Pharmaceuticals, paying a 31% premium and targeting the oral BCR::ABL1 inhibitor TERN‑701 for treatment‑resistant chronic myeloid leukemia. The transaction, slated to close in Q2 2026, adds an orphan‑drug‑designated oncology asset to Merck’s...
Cabral Gold Inc. announced a bought‑deal financing of 21.055 million common shares at C$0.95 each, generating C$20 million (≈ $14.8 million USD) in gross proceeds. An over‑allotment option could add up to 3.16 million shares, potentially raising total proceeds to about C$23 million (≈ $17 million USD). The...
Syneos Health completed the acquisition of Shanghai‑based Bestudy Medical Technology on March 20, 2026, adding a fast‑growing Chinese CRO to its global network. Financial terms were not disclosed, and Bestudy will continue operating independently under its own brand. The deal...
Broadcast giant Nexstar has closed its $6.2 billion acquisition of TEGNA, creating the largest U.S. television station group with roughly an 80% national footprint. The deal faced immediate legal challenges from nine state attorneys general and DirecTV, but received regulatory clearance...
Inclusive Capital Partners sold its remaining 8.5 million Bayer shares at roughly a 25% discount, raising about $380 million and triggering a 3.7% drop in Bayer’s stock. The exit removes a prominent activist voice as Bayer continues to wrestle with litigation costs...
Frore Systems announced a $143 million Series D round that pushes its valuation to $1.64 billion, officially making it a unicorn and bringing total funding to $340 million. The capital will fund global rollout of its AI‑focused thermal stack, including LiquidJet, LiquidJet Nexus and AirJet...
The article examines whether there is an optimal number of public companies in the United States, questioning the SEC chair’s push to “make IPOs great again.” It highlights the shift toward dual‑class structures, where 78% of market cap in controlled...
European Investment Bank approved a €90 million ($98 million) loan to the Port of Rotterdam Authority to fund shore‑power installations at three deep‑sea container terminals. The loan is complemented by a €70 million ($76 million) European Commission grant, bringing total public financing to roughly...
Third Point’s high‑conviction merger‑arbitrage bet on the Indra Sistemas‑EM&E defense tie‑up collapsed, wiping out the fund’s European position. The breakup was driven by political push‑back, valuation disputes and integration complexity, sending both Spanish defense stocks lower. The failure has forced Dan...
Houston‑based HMH Holding announced an IPO of 10.52 million shares priced between $19 and $22, targeting roughly $215.7 million in proceeds. At the midpoint price of $20.50, the company would be valued at about $883.5 million. The offering is led by JPMorgan, Piper...
Warner Bros. Discovery CEO warned that if the Paramount‑Skydance merger fails, the company will retain $7 billion but still grapple with a $33 billion debt load. The deal is designed to combine two massive content libraries with cloud infrastructure to exploit generative‑AI...
Investment banking analyst training traditionally relies on weeks of classroom instruction and periodic case studies, which often separate technical knowledge from real‑deal experience. This gap leads many analysts to spend months performing mechanical tasks before developing judgment, contributing to turnover...
Pfizer has warned shareholders to reject an unsolicited mini‑tender offer from Tutanota LLC that seeks to buy up to 1 million shares at $32 per share, roughly 0.02% of its outstanding stock. The offer hinges on Pfizer’s price staying above $32,...
Starr has finalized its acquisition of IQUW Group, creating a larger specialty re/insurance platform that now ranks as the ninth‑largest managing agency at Lloyd’s. The deal integrates IQUW’s London syndicates and Bermuda reinsurance operations under the new Starr Re brand,...
Everest Group has agreed to sell its Canadian Retail Insurance business, Everest Canada, to mutual insurer Wawanesa, with the transaction slated to close in the second half of 2026 pending regulatory approval. The deal will transfer an estimated CAD305 million (about...
Cencora, Inc. announced a definitive agreement to acquire EyeSouth Partners’ retina business for $1.1 billion, integrating the physicians into its Retina Consultants of America (RCA) network. The acquisition is expected to be slightly accretive to adjusted diluted EPS within the first...
FinEx Metals Ltd. completed an oversubscribed non‑brokered private placement, issuing 13,930,000 units at $0.12 each and raising $1,671,600 in gross proceeds. Each unit comprises one common share and half of a warrant exercisable at $0.18 for 24 months. Insiders purchased...
Relativity, a legal data intelligence firm, has confidentially filed a draft registration statement with the SEC for a Class A common stock IPO, the first legal‑tech public offering since 2021. The company recently rebranded from e‑discovery to a broader data intelligence...
Excel remains the default tool for corporate development teams to track M&A pipelines because it requires no onboarding and offers immediate flexibility. However, as deal volume and team size grow, spreadsheets suffer from version‑control chaos, fragmented deal context, and collaboration...
A Fifth Circuit panel denied the FTC’s request for a stay, activating a district court ruling that vacates the 2024 HSR filing form. As a result, the FTC’s Premerger Notification Office will again accept the pre‑February 10 2025 HSR form, though filers...
L'Oréal agreed to buy Kering's entire beauty portfolio for roughly $4.7 billion, securing the coveted Gucci fragrance license that expires in 2028. The deal marks Kering's swift exit from cosmetics, allowing it to shed debt and refocus on fashion, jewelry and...
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...
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...
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...
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...
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....
Novartis announced a deal worth up to $3 billion to acquire SNV4818, a pan‑mutant‑selective PI3Kα inhibitor aimed at hormone‑receptor‑positive, HER2‑negative breast cancer. The transaction includes $2 billion upfront and potential milestones exceeding $1 billion, with closing expected in early 2026. Collegium Pharmaceutical agreed...
