Investment Banking Blogs and Articles
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Select Medical Holdings agreed to be taken private for $3.9 billion by a consortium led by co‑founder Robert Ortenzio, senior executive Martin Jackson, and private‑equity firm WCAS. The deal offers $16.5 in cash per share, a 10% premium to the prior close, and values the company at 10.55 times EBITDA. Existing debt will remain unchanged, with JPMorgan and Wells Fargo arranging the required financing. The transaction is slated to close in mid‑2026.
DealRoom launched a Roll‑Up Bundle aimed at private‑equity‑backed companies that run multiple acquisitions simultaneously. The bundle adds Enhanced Permissions, Multi‑Room Updates, Template Rooms, and a Project Management Suite to automate repetitive M&A tasks. By centralizing access controls, standardizing deal rooms,...
![How to Improve Your M&A Process Using Agile [Must Read]](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://cdn.prod.website-files.com/5a710020b54d350001949426/5e975c0ed4e0eadb8569babe_Artboard%201-100.avif)
Kison Patel’s new book *Agile M&A* proposes a project‑management framework that brings responsiveness, collaboration, and continuous improvement to the traditionally rigid M&A process. In a recent interview, Patel explains how techniques such as backlogs, short stand‑up meetings, and cross‑functional squads...
DealRoom Pipeline introduces a unified platform for M&A deal management, consolidating emails, documents, notes, and task tracking in one view. The solution offers customizable Kanban or spreadsheet‑style pipelines, allowing teams to filter deals by priority, region, or financial metrics. Integrated...
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National Express has completed roughly 30 acquisitions of family‑owned transportation firms, largely by contacting private sellers directly. The company balances the benefits of broker‑mediated deals—more organized processes—with the flexibility of unrepresented negotiations, where early valuation ranges help manage inflated seller...
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DealRoom released a practical guide outlining ten actionable tips to streamline M&A deal management. The advice ranges from creating reusable template rooms and assigning stakeholder followers to leveraging dynamic work‑lists, audit logs, and automated dashboard reports. By optimizing document handling,...
In a recent podcast, Anirvan Sen of Fifth Chrome argues that post‑merger integration should prioritize growth capabilities and revenue synergies over traditional cost‑cutting targets. He advocates a blueprint‑style integration plan that starts at the strategy stage, mapping key customer journeys...
RMG ML Sports Holdings and Mercator Acquisition Corp have each filed S‑1 registration statements to launch new special purpose acquisition companies (SPACs). RMG ML Sports will trade under the ticker SHOTU and focuses on sports‑media and technology investments, while Mercator...
Episode 56 of the Special Situations Report features Ehsan Ehsani, executive director at Crescendo Partners and Columbia Business School adjunct, promoting his new book "Finding Value in Numbers." The interview delves into quantitative investing tools, the Kelly Criterion for portfolio...
February 2026 saw a surge in SPAC‑related corporate actions, with 45 vehicles filing deadline extensions and redemption requests climbing 30% year‑over‑year to $1.2 billion. Twelve de‑SPAC mergers closed, delivering a median post‑merger share price uplift of roughly 15%. The activity reflects...
The Delaware Court of Chancery refused to dismiss a claim that Jefferies, the financial advisor to Forum III, aided and abetted fiduciary breaches in a de‑SPAC merger. The court applied the Dole factors, inferring that Jefferies knowingly participated by preparing...
![Industry Report: Healthcare Q1 2026 [Peakstone]](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://hixhlmpcokxhartfkpyi.supabase.co/storage/v1/object/public/images/thumbnails/0991708adbc96e52eae124a6a6122304.webp)
Healthcare M&A activity moderated in 2025, dropping to 898 transactions after a pandemic‑driven surge. Despite fewer deals, the median transaction value jumped to $151 million, the highest in 25 years, while EV/EBITDA multiples held steady near 12.5×. Public‑market returns diverged, with...
InsideArbitrage’s March 2026 Special Situations newsletter warns of a continuing "Software Nuclear Winter" in the SaaS sector, describing deep valuation pressure and market disruption. The firm recently acquired SaaS company Navan (NAVN) and highlights another discounted SaaS opportunity, suggesting the...
Paramount Skydance Corp. announced a $110 billion agreement to acquire Warner Bros. Discovery, offering $31 per share—a 10.05% premium. The transaction is financed by $47 billion in equity backed by the Ellison family and RedBird Capital, plus $54 billion of new debt from...
K LINE has entered a 10 billion JPY, five‑year commitment line under Mizuho’s Natural Capital Impact Finance scheme, marking the maritime industry’s first use of this nature‑focused financing framework. The agreement leverages Mizuho Research & Technologies’ assessment methodology, which aligns with the Taskforce...
Roman DBDR Acquisition Corp. II (ticker DRDB) announced a definitive agreement to merge with ThomasLloyd, an impact‑investment manager. The transaction values the combined entity at roughly $1.5 billion, providing a substantial cash war chest for ThomasLloyd’s sustainable‑infrastructure pipeline. The deal will...
The article examines how Slack and Eventbrite re‑engineered their Lead‑to‑Cash (L2C) pipelines to meet the rigorous demands of an IPO. It introduces the concept of Enterprise Architecture Debt (EAD) and shows how the shift from growth‑centric to governance‑centric systems was...
The Delaware Supreme Court in Fortis Advisors v. Stillfront held that an earn‑out dispute clause referencing the “calculation of the earn‑out amount” triggers arbitration, not merely expert determination. The court affirmed that the accounting firm acting as arbitrator could resolve...
Illumination Acquisition Corp. I announced the pricing of its $200 million initial public offering, with units slated to begin trading on Nasdaq under the ticker ILLUU on February 27, 2026. The SPAC, led by CEO John Lipman, Chairman David I. Rosenberg and Steve Kaplan, will seek...
The author proposes a nuanced premium‑valuation thesis that deviates from conventional high‑growth narratives. While the potential upside is modest compared with prior ideas, the investment case rests on differentiated catalysts such as pricing power, niche market positioning, and incremental margin...
Owners of a concierge medical practice attempted a sale, but the first Letter of Intent (LOI) collapsed, leaving them to restart the process. They turned to Axial's Advisor Finder, which quickly presented four vetted M&A advisors with healthcare expertise. After...
Commissioner Hester Peirce highlighted the rapid expansion of private secondary markets, which grew from $162 billion in 2024 to $240 billion in 2025. She warned that this liquidity surge may lessen companies’ incentives to pursue initial public offerings, potentially reshaping capital formation...
Premier African Minerals has issued an additional 303.8 million ordinary shares to J.R. Goddard Contracting, settling US$77,765 of fees. The issuance brings the company's total issued share capital to roughly 14.21 billion shares, up from 9.35 billion six months earlier, representing about 5.73 billion new...
TRG Latin America Acquisitions Corp. priced its $200 million initial public offering, with units slated to trade on Nasdaq under the ticker TRGSU on February 26, 2026. The SPAC, sponsored by CEO Nicolas Rohatyn and CFO Miguel Gutierrez, will seek a merger with...
APEX Tech Acquisition Inc. priced a $100 million initial public offering and will begin trading on the NYSE under the symbol TRAD.U on February 26, 2026. The SPAC, led by CEO Shaoren Liu and a board that includes Zengwei Gao, Jiancheng Li and...
Fortress Value Acquisition Corp. V announced pricing of its $250 million initial public offering and will begin trading on Nasdaq under the ticker FVAV on February 26, 2026. The SPAC, led by Chairman Andrew A. McKnight and co‑CEOs Andrew Stroud and Micah Kaplan,...
Netflix chief Ted Sarandos is urged to abandon his $27.75‑per‑share cash offer for Warner Bros. Discovery’s streaming and studio assets and let Paramount Skydance’s $31‑per‑share bid win. The author argues that Netflix would face intense regulatory scrutiny, higher financing costs, and...
MarineMax, the Clearwater‑based marina operator, has circulated confidentiality agreements as Blackstone, Centerbridge and other investors evaluate a potential acquisition valued around $1 billion. The company, which runs 65 marinas, 70 dealerships and serves high‑net‑worth boaters, is currently priced at roughly $628 million,...
Generate Biomedicines (GENB) filed its IPO prospectus, unveiling a programmable biology platform that engineers therapeutic proteins previously considered undruggable. The company highlighted a pipeline featuring oncology and immunology candidates that have progressed to Phase 2 trials, supported by early efficacy signals....
Quantum computing has become a top‑performing de‑SPAC sector, driven by SPAC listings that fast‑tracked capital to the industry. After a bearish period in 2021‑22, recent hardware and algorithmic breakthroughs revived investor enthusiasm. The podcast revisits a February 2025 interview with D‑Wave...
Chairman Paul Atkins highlighted the steep 40% drop in U.S. public companies and outlined a three‑pillar strategy to revive capital formation. He praised the bipartisan INVEST Act and the Empowering Main Street in America Act for introducing “test‑the‑waters” IPO pilots,...
On January 23 2026 the SEC’s CorpFin issued new Compliance and Disclosure Interpretations that broaden flexibility for M&A, proxy and tender‑offer rules without formal rulemaking. The revisions permit lock‑up agreements without meeting traditional prospectus conditions, allow privately placed shares to be registered...
On Jan. 23, the SEC’s CorpFin division issued new Compliance and Disclosure Interpretations that loosen proxy‑broker search timing, broaden lock‑up registration on Forms S‑4/F‑4, and add leeway for cross‑border tender offers. The staff also reversed its stance on voluntary Notices of...
On February 6, 2026, CFIUS issued a request for information (RFI) to refine its Known Investor Program (KIP), a fast‑track review mechanism for repeat foreign investors in U.S. advanced‑technology sectors. The RFI outlines eligibility thresholds—at least three covered filings in...
MOZAYYX Acquisition Corp. priced an upsized $261 million IPO, with units slated to begin trading on the NYSE under the ticker MZYX.U on February 25, 2026. The SPAC, led by CEO and CFO Benjamin Zucker, will seek a merger in high‑growth sectors such...
The 2025‑2026 compensation update shows investment banking pay diverging by seniority. While total compensation rose modestly for analysts (≈5%) and associates (≈5‑10%), vice presidents and directors saw 10‑15% gains and managing directors enjoyed over 25% increases, often exceeding $1 million. Deal...
Medtronic’s MiniMed spin‑off has filed its IPO prospectus, proposing to sell 28 million shares at $25‑$28 each to raise roughly $742 million, valuing the company at about $7.44 billion. The NASDAQ listing will be led by Goldman Sachs, BofA Securities, Citigroup and Morgan...
CECO Environmental Corp. announced a $2.2 billion merger agreement to acquire Thermon Group Holdings, offering shareholders a choice of mixed cash‑stock, all‑cash, or all‑stock consideration. The all‑cash option represents a 28.37% premium over Thermon's last closing price, valuing the target at...
The SEC’s new leadership is targeting the 40 percent decline in U.S. public companies by easing regulatory burdens, especially those that hinder share repurchases. It proposes reforming the safe‑harbor under Rule 10b‑18 to make buybacks more accessible to mid‑cap firms. Currently, the...
ClearThink 1 Acquisition Corp. priced its $125 million initial public offering on February 24, 2026, with units slated to trade on Nasdaq under the ticker CTAAU. The SPAC is focused on merging with a financial‑services company operating in the United States and...
Caledonia Mining has appointed Stanbic Bank Zimbabwe and CBZ Bank as co‑lead arrangers for an up to US$150 million interim financing facility, expected to close by mid‑2026. The bridge loan complements a recent US$150 million convertible notes offering, a gold‑price hedging programme,...
