Investment Banking Blogs and Articles
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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 to purchase the ADHD therapy Azstarys for $650 million in cash plus up to $135 million in milestones, targeting a Q2 2026 close. Both moves underscore continued consolidation in oncology and CNS drug portfolios.
Precision Aerospace & Defense Group and FACT II Acquisition Corp announced a $310 million business combination, turning the defense‑supplier roll‑up into a publicly traded entity via a SPAC. The deal, disclosed in December, positions Precision to build an EBITDA‑positive network of critical...
Mayer Brown’s March 2026 memo urges acquirers to replace traditional non‑compete covenants with forfeiture‑for‑competition (FFC) clauses after Delaware courts increasingly invalidate non‑competes on reasonableness grounds. An FFC ties a supplemental cash benefit to the seller’s agreement not to compete, and because...
Blue Water Acquisition Corp. IV priced its $125 million initial public offering and will begin trading on the NYSE under the ticker BWIV.U on March 20, 2026. The SPAC’s mandate is to seek a target in the biotechnology, healthcare, or technology sectors. Led...
In early March 2026 Netflix announced a landmark acquisition of InterPositive, an AI‑driven filmmaking startup founded by Ben Affleck, for up to $600 million, largely cash with earn‑out provisions. The deal gives Netflix immediate access to tools that can correct lighting,...
Investors often believe the spin‑off record date is the final deadline to secure shares of the new entity. In reality, shareholders can purchase the parent company up to the day before the spun‑off’s regular‑way trading begins and still receive the...
Rollover equity lets sellers reinvest part of their sale proceeds into the acquiring entity, giving them a minority stake and a potential "second bite of the apple" when the business is later sold. Private equity firms use it to reduce...
Headwater Gold Inc. completed an oversubscribed private placement of 9,914,150 common shares at $0.58 each, raising $5.75 million in gross proceeds. The offering, led by Canaccord Genuity, included participation from Centerra Gold, which retained its 9.99% stake. Net proceeds will fund...
The Delaware Supreme Court in Fortis Advisors v. Stillfront held that an ADR clause labeling an accounting firm as an "Arbitrator" grants it broad authority to resolve all earnout‑related disputes, including legal and bad‑faith claims, not just calculation issues. The...
The March 19 InsideArbitrage Event Driven Monitor highlighted several high‑profile merger‑arbitrage moves, including SunOpta’s April 16 shareholder meeting following an Ontario court order and Saltchuk’s cash tender offer for Great Lakes Dredge’s 5.25% senior notes due 2029. The Department of...
Synergie has closed the acquisition of a majority stake in Agilus Work Solutions, Canada’s eighth‑largest staffing provider. Agilus, which reported roughly CAD 300 million in 2025 revenue across 14 branches, specializes in temporary and permanent staffing for technical, engineering, IT and natural‑resource...
Investment banks are confronting a widening precision gap caused by fragmented data across inboxes, spreadsheets, and legacy CRMs. Leaders recognize that unified, real‑time client, sponsor, and portfolio visibility is essential for sharper interactions, smarter prioritization, and faster execution. Platforms such...
Recent research on coercive, non‑pro rata liability management exercises (LMEs) shows they provide only a brief, fragile runway for distressed firms. Within a year, fewer than half avoid a second default, and after two years just 22 % remain out of...
John Jenkins highlights key considerations for sellers contemplating equity rollovers in M&A transactions. The blog stresses that call options embedded in buyer agreements can allow the acquirer to repurchase the seller’s rolled‑over stake, often at below‑market prices and over extended...
BHAV Acquisition Corp. priced a $100 million IPO, with units trading on Nasdaq as BHAVU on March 19, 2026. The SPAC aims to merge with a company in industrial robotics, electric vehicles, drones, or fintech. Led by CEO Giri Devanur and CFO...
AmperCap Acquisition Company (ticker APMCU) filed its S‑1 to launch a $125 million special purpose acquisition company IPO. The filing, submitted on March 18, 2026, positions AmperCap among the latest wave of SPACs seeking to capitalize on renewed investor appetite. The...
The SPAC market is reviving as oil prices stay near $100 and geopolitical tensions keep supply tight, creating a sweet spot for alternative‑fuel producers. Renewable natural gas, ethanol and renewable diesel firms can charge commodity‑level prices while offering domestic, low‑carbon...
Private Capital Advisory (PCA) groups, which specialize in secondary transactions for limited partners and continuation funds for general partners, have become one of the fastest‑growing segments of investment banking. Deal volume in private‑equity secondaries has risen about 20% CAGR from...
The Delaware Supreme Court affirmed the Delaware Chancery Court’s ruling that the standard three‑year statute of limitations applies to fiduciary‑duty claims arising from de‑SPAC transactions. The court applied Delaware’s long‑standing occurrence rule, holding that the limitations clock starts when the...
Guardian Metal Resources (GMTL) filed an IPO deck outlining its strategy to explore and develop tungsten and polymetallic critical‑mineral projects in Nevada. The company positions tungsten as essential to U.S. national and economic security, leveraging recent policy focus on domestic...
Debevoise released a practical guide on special committees in conflict transactions, detailing when to form them, member selection, and operational protocols. A key focus is the appointment of legal and financial advisors, emphasizing that the committee—not the company—must independently choose...
Companies planning IPOs increasingly hire independent advisers to oversee underwriting and pricing. A new working paper covering U.S. and European IPOs from 2010‑2023 finds that adviser involvement correlates with lower first‑day returns and tighter offer‑price adjustments, without affecting underwriting spreads...
Drone‑tech firm Swarmer Inc. priced its IPO at $5 per share and began trading Tuesday, prompting a 700% price jump after Exec Edge Research initiated coverage. The company offers a software‑first, AI‑enabled autonomy platform for large‑scale unmanned combat, already combat‑tested...
Jonathan Davey, Managing Director of Indigenous and Government Advisory at Scotiabank, told the Drumbeats podcast that Canada’s largest infrastructure and resource projects now require Indigenous equity participation. Recent federal programs and legal reforms have turned Indigenous partnerships from a political...
IB Acquisition Corp. (IBAC) announced a definitive merger with GNQ Insilico, an AI‑driven drug discovery platform, in a transaction valued at approximately $552 million. The SPAC will combine its public listing with GNQ’s proprietary synthetic biology technology, providing the biotech firm...
Eikon Therapeutics priced an upsized IPO of 21.2 million shares at $18, raising roughly $381 million and valuing the company at about $860 million. The California‑based biotech focuses on immune‑signaling, DNA‑repair and androgen‑receptor pathways, with its lead candidate EIK1001 – a TLR7/8 dual...
Swarmer Inc., an Austin‑based drone‑software firm, priced its initial public offering at the $5 midpoint, selling 3 million shares to raise $15 million. On its Nasdaq debut, the stock opened at $12.50 and surged to an intraday high of $32.45, trading around...
The March 17, 2026 SPAC News Roundup highlights a resurgence in special‑purpose acquisition company activity, with Q1 IPO volume climbing 12% year‑over‑year. New SEC guidance on de‑SPAC disclosures is reshaping transaction structures, while tech‑centric targets continue to dominate recent merger announcements. Investor...
The Victoria Falls Stock Exchange (VFEX) will launch a Venture Board, a dedicated listing segment for junior and exploration‑stage mining companies. The platform aims to give these high‑growth miners access to long‑term capital, countering Zimbabwe’s reliance on short‑term bank loans...
Cooley’s latest memo delivers a concise playbook for handling insider‑conflict transactions under Delaware and Nevada corporate law. Targeted at companies approaching or completing an IPO, the guide stresses that rigorous process and transparent disclosure outweigh post‑hoc legal defenses. It outlines...
New Providence Acquisition Corp. III (NPACU) announced a definitive agreement to combine with Abra, a digital‑asset platform, in a transaction valued at approximately $846 million. The merger will deliver roughly $200 million of SPAC cash proceeds to Abra and list the combined...
Swedish hypercar specialist Koenigsegg Automotive AB is weighing an initial public offering, according to Bloomberg. The company, which converted to a public limited company last year, sold a 6% stake to Chieftain Capital for $58 million in 2024. CEO Halldora von Koenigsegg...
Janus Living announced a $703 million IPO on March 16, 2026, offering 37 million shares at $18‑$20 each, which would value the REIT at roughly $4.8 billion. The company operates 34 senior‑housing communities, all under Resident‑Initiated Direct‑Expense Agreement (RIDEA) structures, making it the sole U.S....
The Deal Lawyers Download podcast features Morrison & Foerster’s Mike O’Bryan outlining M&A trends for 2026. Topics include AI‑driven due diligence, evolving antitrust and national‑security review regimes, new SB 21 safe‑harbor rules, recent tax law changes, and strategies for acquihires, earnouts, and activist‑influenced...
Private equity firms are witnessing a revival of exit opportunities as the IPO market reopens, with analysts projecting that up to one‑third of all 2026 IPOs could be backed by PE sponsors. After a two‑year drought caused by volatile markets,...
Payment‑in‑Kind (PIK) interest lets borrowers defer cash payments by issuing additional debt or equity. When used deliberately, PIK conserves liquidity for growth, acquisitions, or seasonal needs while the underlying business remains strong and protected by caps, toggles, and pricing premiums....
Agero Inc. announced a cash acquisition of Urgent.ly Inc. for $155.92 million, offering $5.5 per share—a 170.94% premium to the prior close. The tender offer, backed by Agero’s wholly‑owned subsidiary, targets all outstanding Urgent.ly shares and is slated to close by...
The Delaware Supreme Court’s *Thompson Street Capital* ruling applied the equitable doctrine “common law abhors a forfeiture” to a seller’s failure to meet notice‑of‑claims deadlines in a private‑company merger. In response, researchers found that roughly 20% of 4,200 examined private...
Intapp unveiled Celeste at Amplify 2026, an AI‑native, agentic platform built specifically for investment‑banking workflows such as relationship intelligence, deal sourcing, and execution. The platform’s Context Engine maps each firm’s unique terminology, deal history, and business logic into a semantic...
The article advises founders selling a company to avoid exclusive negotiations and instead generate a competitive bidding environment. It recommends leveraging investment banks or directly contacting potential acquirers to discover market‑clearing prices. The piece cites examples like Microsoft’s LinkedIn deal...
Pono Capital Four, Inc. (NASDAQ:PONOU) priced a downsized $120 million initial public offering, with units slated to begin Nasdaq trading on March 13, 2026. The SPAC, led by CEO Dustin Shindo and CFO Gary Miyashiro, seeks a merger with a company that offers...
The article outlines seven common reasons companies pursue mergers or acquisitions, emphasizing growth as the overarching motive. It cites a 2020 survey where 34 % of firms prioritized growth, and notes that cross‑border deals reached nearly $500 billion in 2019. The piece...
Quetta Acquisition Corp. (QETA), a publicly listed special purpose acquisition company, announced a definitive business combination with Smart Kreate Group, a technology‑driven creative solutions firm. The transaction values Smart Kreate at approximately $200 million, with Quetta contributing roughly $100 million from its...
American Tungsten Corp. announced that its Stifel‑led bought‑deal financing was upsized from $20 million to $35 million, with the book fully subscribed before market open. The company highlighted drilling results showing 17 feet of over 3 oz/ton silver and 1.7% tungsten, and metallurgical tests...
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...
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,...
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...
Metals Acquisition Corp. II priced a $200 million initial public offering and will begin trading on the NYSE under the ticker MTAL.U on March 12, 2026. The SPAC’s mandate is to pursue acquisitions across the natural‑resources value chain, focusing on metals and mining...
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...
