Resources Top 5: Regis Opens $10.7bn Vault with Gold Merger
Regis Resources and Vault Minerals have agreed to merge, creating a gold producer valued at roughly $7 billion USD with a pro‑forma output of about 700,000 ounces per year. Regis will hold a 51% stake while Vault shareholders retain 49% and keep board chair Russell Clark. The combined entity will sit behind Northern Star and Evolution Mining on the ASX gold podium and will carry close to $1.3 billion USD in cash, with projected tax synergies of around $330 million USD. The deal, slated to close by September, also positions the new miner to pursue further targets such as Tropicana, where Regis already owns a 30% interest.
Deep Robotics Completes IPO Tutoring, Moving Closer to Star Market Listing
Deep Robotics has finished its IPO tutoring phase, positioning the Hangzhou‑based robotics firm for a future listing on Shanghai’s Star Market. The tutoring, which ran from Dec. 23 to Apr. 16, highlighted compliance gaps in labor contracts and internal controls. The company...
Yotta Data Said to Hire Advisors for $900 Million India IPO
Yotta Data Services Pvt., India’s largest AI‑focused data‑centre operator, is preparing a Mumbai IPO that could raise up to $900 million, with a potential $300 million pre‑IPO round. The company has hired ICICI Securities and SBI Capital Markets as advisers and aims...
OCBC Expands in 'Key Growth Market' Indonesia by Buying HSBC's Retail and Wealth Business
Singapore‑based OCBC Bank announced it will acquire HSBC’s Indonesian retail banking and wealth management unit, PT Bank HSBC Indonesia. The deal, slated to close in 2027, will add roughly 25% to OCBC Indonesia’s assets under management and boost its credit‑card...
Regis and Vault Surprise with Major Merger
Gold miners Regis Resources and Vault Minerals announced a merger of equals, creating a combined enterprise valued at approximately A$10.7 billion (about $7.1 billion USD). The transaction will give the new entity a sizable cash pile, positioning it for strategic growth and...
Alarm Bells Raised over Fintech Firm’s Bank Purchase
Fintech lender OppFi announced a $130 million stock‑and‑cash acquisition of Arizona‑based BNC National Bank, securing a national bank charter and the ability to offer checking and savings accounts nationwide. The deal follows a wave of bank consolidations accelerated by a regulatory...
Is the Atrium-WakeMed Merger Already Hitting a Wall?
North Carolina’s two largest health systems, Atrium Health and WakeMed, announced a $2 billion merger that would create 3,300 jobs in Wake County. The Wake County Board of Commissioners postponed its vote, citing transparency and cost concerns raised by the state...
Oceânica Finds Demand for Bond Buyback
Brazilian energy firm Oceânica announced a bond buyback that attracted more tendered funds than its original target. The oversubscription reflects robust investor confidence ahead of a planned new notes offering later this year. The excess demand provides Oceânica with additional...
NextDC Secures $1.8B of New Senior Debt Facilities
NextDC announced a $1.8 billion AUD senior debt facility, boosting its total senior debt capacity to $8.2 billion AUD. The new financing, expected to close in July, will lift its pro‑forma liquidity to $8.4 billion AUD (about $5.5 billion USD) by 30 June 2026. The funds...
Navigating-MFS's-Downfall:-a-Resiliency-Test-for-ABF
The recent collapse of MFS, a major player in structured private credit, has exposed vulnerabilities across the asset‑backed finance (ABF) ecosystem. Market participants are scrambling to assess liquidity gaps, counterparty exposures, and the adequacy of legal safeguards. Gabriel Yomi Dabiri...
VSE Corp (VSEC) Q1 2026 Earnings Call Transcript
VSE Corp announced a definitive agreement to acquire Aero 3 for $350 million in cash, a deal slated to close in Q4 2025. The acquisition adds a global wheel‑and‑brake MRO platform that generated $120 million in trailing‑twelve‑month revenue, with over 20% EBITDA margins. VSE...
CNBC's The China Connection Newsletter: China Is Rewiring the Silicon Valley Model — Starting in Hong Kong
China’s tech financing is rapidly shifting to Hong Kong, where more than 400 firms are queuing for IPOs—the largest surge in 35 years. Confidential listing rules and easing regulations have spurred a pipeline that could raise about $60 billion in 2026, nearly...
Monthly Canadian Securitization Market Overview Report: February 2026
DBRS Limited released its Monthly Canadian Securitisation Market Overview for February 2026, covering the full spectrum of the country’s securitisation activity. The report details issuance volumes and credit performance across term asset‑backed securities, commercial mortgage‑backed securities, and asset‑backed commercial paper. It...
VRC Bolsters Capital Markets Research Leadership
VRC has announced a new leadership appointment to head its capital markets research division. The role is designed to deepen the firm’s data‑driven valuation capabilities and deliver more granular insights to private‑fund investors. By centralising analytical talent, VRC aims to...
Stop Eurobond Breach
Kenyan auditor‑general Nancy Gathungu confirmed that about $222 million of Eurobond proceeds were diverted to cover Treasury bond shortfalls, breaching the bond’s subscription agreement and public finance law. Eurobonds, intended for development projects such as health, education and infrastructure, were misused,...
Cushman & Wakefield Arranges Refi for South Bronx Class A Multifamily
Cushman & Wakefield arranged a $26.35 million two‑year fixed‑rate loan for JCAL Development Group to refinance The Bridgeline, a 91‑unit Class A multifamily building in the South Bronx. Webster Bank supplied the financing, attracted by the property’s transit‑oriented location and strong occupancy. The...
IPO Planning: CFOs Must Learn the Power of a Thoughtful Pause
The 2026 IPO market is emerging with the strongest pipeline since the 2021 boom, driven by a backlog of companies delayed by the 2025 SEC shutdown and geopolitical volatility. While the overall benefits of going public remain attractive, the concentration...
If GameStop Buys eBay, Bitcoin Payments Could Suddenly Have a 135M-Buyer Marketplace Test Case
GameStop has launched an unsolicited $55.5 billion cash‑and‑stock offer to acquire eBay at $125 per share, representing a 27% premium to the 30‑day average price and 36% to the 90‑day average. The proposal is financed half by cash and liquid assets,...
How SVB’s Collapse Forced Me to Rethink Fundraising — and Nearly Cost Me a $100M Deal
The sudden collapse of Silicon Valley Bank forced fintech founder Ksenia Yudina to overhaul her fundraising approach, putting a $100 million M&A deal at risk. The crisis exposed how startups rely on fragile banking assumptions and venture‑debt structures that crumble under...
GameStop's CEO Is Annoyed You Don't Understand How He's Buying eBay
GameStop announced a $56 billion bid to acquire eBay, proposing a mix of cash and stock. CEO Ryan Cohen appeared irritated during a CNBC interview when pressed about financing, directing viewers to the company website for details. While GameStop holds a...
Brightline West Bondholders Give Company More Time to Raise Cash
Investors holding $1.8 billion of Brightline West bonds granted the railroad an additional three months to inject equity, moving the deadline to August 1. The company missed its March target to raise $400 million, a critical cash infusion needed to keep construction on...
Genco Shipping & Trading to Review Diana Shipping’s Unsolicited Tender Offer
Genco Shipping & Trading (GNK) disclosed that Diana Shipping (DSX) has launched an unsolicited cash tender offer of $23.50 per share, identical to its March proposal. Genco’s board, which previously rejected the offer as undervaluing the company, is reviewing the...
Cerebras Systems Announces Launch of Initial Public Offering
Cerebras Systems filed an S‑1 to launch an IPO of 28 million Class A shares, priced between $115 and $125 per share. The company granted underwriters a 30‑day option to buy up to an additional 4.2 million shares. Lead book‑runners include Morgan Stanley,...
GameStop’s ‘Highly Confident’ $20 Billion TD Letter Echoes Drexel
GameStop Corp. has unveiled a bold $56 billion cash offer to acquire eBay Inc., marking a dramatic pivot from its traditional gaming‑retail focus. To bolster the proposal, the company secured a “highly confident” letter from Toronto‑based TD Bank indicating willingness to...
CATL Raises 5 Billion USD - Battery Giant Accelerates European Expansion
Chinese battery giant CATL completed a $5 billion capital raise by issuing 62.4 million new H‑shares in Hong Kong. The proceeds will fund a 100 GWh gigafactory in Debrecen, Hungary, and expand existing sites in Spain and Germany, securing capacity for OEMs such...
Goldman's Latest RMBS of PRET Mortgages Raises $390.3 Million
Goldman Sachs is issuing a $390.3 million residential mortgage‑backed security (RMBS) called PRET 2026‑RPL2, backed by 2,417 seasoned and reperforming loans. The AAA‑rated A1 tranche will sell $295.1 million and carries a 20.4% credit enhancement, while the pool features a weighted‑average coupon of...
Cisco To Acquire Astrix To Boost Identity Security For AI Agents
Cisco Systems announced it will acquire identity‑protection startup Astrix Security, a move aimed at strengthening its portfolio for securing AI agents and non‑human identities. While the exact price was not disclosed, industry sources estimate the deal at roughly $400 million, higher...
Why SK Is Exploring ‘Various Options’ to Raise Financing for BESS Developer Key Capture Energy
South Korea's conglomerate SK is actively weighing a range of financing alternatives to support Key Capture Energy, a developer of battery‑energy‑storage systems (BESS). The move follows a period of rapid growth in the global BESS market, where capital‑intensive projects are...
UCB to Acquire Maker of Antibody Treatments for Autoimmune Diseases
UCB announced a definitive agreement to acquire a privately held biotech that develops monoclonal antibody treatments for autoimmune diseases. The target company’s portfolio includes candidates for rheumatoid arthritis, lupus and multiple sclerosis, complementing UCB’s existing immunology assets. Financial terms were...
GameStop Is Making a Bid to Buy eBay in a Deal Its CEO Admits Could Be ‘Totally, Totally Foolish’
GameStop, the $12 billion meme‑stock retailer led by Ryan Cohen, has announced a bid to acquire eBay for roughly $46 billion, a valuation about four times its own market cap. The proposal would rely on substantial debt financing as GameStop seeks to...
GameStop Launches a $56 Billion Bid for eBay — but the Math Isn’t Working...
GameStop has unveiled a $55.5 billion offer to acquire eBay, proposing an even split of cash and stock at $125 per share. The proposal triggers a sharp divergence in market reaction, with eBay stock climbing 5% while GameStop plunges 10%. Analysts...
Report: China Robotic Hand Maker Linkerbot Targets $6B Valuation
Chinese robotics startup Linkerbot announced it will seek a $6 billion valuation in its next funding round, up from the $3 billion valuation set in a recent Series B+ round. The Beijing‑based firm claims more than 80% of the global market for...
Audax Sale of HVAC Service Provider Nextech Progresses, Sources Say; More PE Deals Expected in Roofing, Landscaping and Remodeling
Audax Group is advancing the sale of Nextech, its HVAC service platform, after months of confidential marketing. Sources say the company is being valued at roughly $500 million and a buyer could be secured by the third quarter of 2024. The...
Mercedes Bid for Alpine Could Be Blocked by FIA Multi-Team Rule Change
Mercedes is among four bidders for a 24% stake in Alpine, a deal valued at roughly $450 million. FIA president Mohammed Ben Sulayem signaled that the governing body is reviewing a rule to prohibit multi‑team ownership, which could block Mercedes’ minority purchase....
Building AI Data Centers Is Becoming a Stress Test for Banks
U.S. banks are feeling the strain of financing the rapid build‑out of AI data centers, with loan commitments reaching tens of billions of dollars. A $38 billion package backing Oracle‑linked facilities in Texas and Wisconsin has pushed institutions such as JPMorgan...
Candid Therapeutics Acquired by UCB for up to $2.2 Billion
UCB announced it will acquire clinical‑stage biotech Candid Therapeutics for up to $2.2 billion, paying cash and stock to secure the company’s novel T‑cell engager (TCE) platform. Candid, known for its pipeline targeting autoimmune and inflammatory diseases, has previously raised $370 million...
Bain Capital, Sixth Street and Harvest Partners Back Power Home Remodeling
Bain Capital, Sixth Street and existing backer Harvest Partners have jointly backed Power Home Remodeling in a fresh financing round. Harvest Partners will continue as the company’s largest shareholder, while the new capital from Bain and Sixth Street bolsters growth...
Audax Advances Bidders Into Second Round of Sale Process for Nextech, Sources Say
Audax has moved the Nextech sale into a second‑round bidding phase, with interested parties valuing the commercial HVAC specialist at roughly $1.5 billion, or about 15 times its EBITDA. The process, now in its advanced stage, reflects strong private‑equity appetite for climate‑control...
Cybersecurity M&A Roundup: 33 Deals Announced in April 2026
April 2026 saw a surge of cybersecurity consolidation, with 33 deals announced across the sector. Notable transactions include Airbus buying French firm Quarkslab to bolster European sovereign cyber capabilities, and Palo Alto Networks’ $120‑140 million acquisition of AI gateway startup Portkey....
More Eye-Popping Mergers Ahead: Comcast And Charter?
Comcast and Charter are exploring a merger that would unite roughly 26 million video subscribers, representing about 20 percent of U.S. households. The deal is driven by two forces: a 15‑year decline in traditional pay‑TV subscriptions and the need to bolster weakening...
Verdict on Serta LME Uptiers Expected Soon
The Fifth Circuit Court of Appeals has overturned a 2023 summary judgment that favored lenders in the controversial Serta Simmons liability management exercise (LME). The case returned to bankruptcy Judge Christopher Lopez, who is expected to align with the appellate...
Diana Takes Genco Battle Directly to Shareholders with Tender Offer for Stock
Greek tanker owner Diana Shipping has launched a cash tender offer to acquire all remaining shares of rival Genco Shipping & Trading. The bid follows months of stalled talks with Genco’s board, which declined to discuss Diana’s all‑cash proposal or...
Paramount Reveals Company Will Be 49.5% Owned By Foreign Investors If Warner Bros Merger Approved
Paramount Global has filed a petition with the FCC to approve its $111 billion acquisition of Warner Bros. Discovery, a deal that would leave 49.5% of the merged entity owned by foreign investors, including Chinese partners and three Middle‑East sovereign funds....
Dana-Farber Mega-Deal Pays for Cancer Center and Refunding
Dana‑Farber Cancer Institute issued $1.4 billion of municipal revenue bonds (Series Q and R) to fund half of a new 300‑bed cancer‑hospital tower and to refinance nearly all existing debt. The first tranche of $1.304 billion carries yields from 3.57% to 4.84% and...
Integrum, Lightyear and Ontario Teachers’ to Invest in Wealth Management Advisor Allworth Financial
Integrum Capital, Lightyear Capital, and Ontario Teachers’ Pension Plan have announced a joint investment in Allworth Financial, a boutique wealth‑management advisory firm. The three investors, who have previously backed Allworth, are deepening their commitment to the firm’s growth strategy. While...
Denso Drops Rohm Acquisition Plan, Keeps Focus on SiC Collaboration
Denso Corporation withdrew its $8.2 billion offer to acquire Rohm Semiconductor after the two sides could not agree on valuation and deal terms. The Japanese automotive supplier retains roughly a 5 % equity stake in Rohm and will continue a joint silicon‑carbide...
Ebusco Is in Talks with Strategic Investors over Potential Sale of Bus Division
Ebusco disclosed that it is in advanced talks with strategic investors about selling a controlling stake in its bus division. The company posted 2025 revenue of €76.6 million (about $84 million) but still recorded a net loss of €71 million (≈$78 million) after cutting...
The EBRD Is Investing USD 125 Million in Bonds Issued by KTZ
The European Bank for Reconstruction and Development (EBRD) will invest up to $125 million in a Eurobond issued by Kazakhstan’s national railway operator, KTZ. The bond, sized at $1 billion, is listed in London and Kazakhstan and will finance modernisation of passenger...
ARCHIMED to Acquire Esperion Therapeutics for ~$1.1B
Archimed announced a definitive agreement to acquire Esperion Therapeutics for up to $1.1 billion, taking the company private and delisting it from NASDAQ. Esperion shareholders will receive $3.16 in cash per share plus a contingent value rights (CVR) package worth roughly...
StepStone Alums Launch Advisory Shop to Build Customized Portfolios for Smaller LPs
Former StepStone executives Brey Jones and John McGuinness have launched Thirdpath, an advisory firm that builds customized private equity and private credit portfolios for institutional investors. The boutique targets smaller limited partners seeking tailored exposure rather than standard fund allocations....