Cybersecurity M&A Roundup: 38 Deals Announced in March 2026
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 OpenAI’s acquisition of Promptfoo. European defense cyber capabilities also expanded as Airbus agreed to acquire UK‑based Ultra Cyber. The breadth of deals spans traditional cyber‑defense, AI‑driven identity management, quantum‑resilient cryptography, and cyber‑insurance, underscoring a diversified consolidation wave.
Branch CFO Says IPOs Are a ‘Discipline, Not a Deadline’
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 Secures £100m Debt From Macquarie
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’s Bid for Restaurant Depot: Distribution Control Is Shifting
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...
Sushi Suppliers Eat Happy, Hana Discuss Merger
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...
Phantom Space Acquires Thermal Management Technologies
Phantom Space announced the acquisition of Thermal Management Technologies (TMT), a specialist in satellite thermal components, to strengthen its in‑orbit data‑center project called Phantom Cloud. TMT will operate as a Phantom subsidiary with founder Scott Schick remaining as general manager,...
Bloomberg: Leveraged Lending Insights – 3/30/2026
The Bloomberg US Leveraged Loan Index (LOAN) posted a 0.48% gain in March, snapping a slide that began in January. The modest rebound lifted the year‑to‑date performance to a still‑negative ‑0.56%. The March uptick reflects improving credit market sentiment after early‑year...
Dronetech Startup Garuda Aerospace Pre-Files Draft Papers For ₹750 Cr+ IPO
Chennai‑based dronetech startup Garuda Aerospace has pre‑filed its draft red herring prospectus with SEBI, paving the way for an IPO that could raise up to ₹750 crore (about $90 million) through a fresh issue and an undisclosed offer‑for‑sale component. The board also...
How the Sysco-Restaurant Depot Deal Will Affect Operators
Sysco announced a pending acquisition of Restaurant Depot, a bulk‑food retailer, sparking debate among industry stakeholders. Technomic’s distribution expert David Henkes discussed the deal on the A Deeper Dive podcast, highlighting potential FTC scrutiny and opposition from independent operators. The...
Underwriters Challenged on $13.5 Billion in Puerto Rico Bonds
A federal judge left open a potentially massive liability for the nation’s biggest municipal‑bond underwriters over $13.46 billion of Puerto Rico bonds. The court‑appointed trustee, Drivetrain LLC, is seeking the return of $84.2 million in underwriting fees and $1.32 billion in swap‑termination fees,...
Princes Group Lines up Inaugural Acquisitions as Public Company
Princes Group raised £400 million in its 2025 London IPO and is now pursuing a deal‑led growth strategy aimed at adding £1‑1.5 billion of revenue through acquisitions. The company is eyeing two divestment assets from multinationals and a smaller entrepreneurial firm, while...
Unilever and McCormick Shares Tumble as Investors Baulk at Food ‘Megamerger’
U.K. consumer‑goods giant Unilever agreed to sell its food division to U.S. spice leader McCormick in a £33.7 billion cash‑and‑equity transaction that will create a new food‑manufacturing powerhouse. The deal leaves Unilever with a 65% stake in the spin‑off while McCormick...
Dimension Energy Secures $650m for Community Solar Projects
Dimension Energy secured a $650 million financing package to develop a 132 MW portfolio of 25 community solar projects across Pennsylvania, New York, New Jersey and Illinois. The deal includes $415 million in debt from MUFG, First Citizens Bank, ING Capital and National Bank of...
Deal Roundup: Hg Takes OneStream Private at Roughly $6.4bn Equity Valuation, Oak Hill Buys Into Guild Garage Group
Hg has completed an all‑cash take‑private acquisition of OneStream, valuing the enterprise finance management platform at roughly $6.4 bn in equity. The transaction adds a leading cloud‑based corporate performance management solution to Hg’s technology portfolio. By buying the company outright, Hg...
Romanian Investment Platform Looks to Open up BESS Project Financing to Retail Investors
MetaWealth announced the launch of its first battery energy storage system (BESS) in Dumbrava, Neamț, Romania, financed in part through a corporate bond aimed at retail investors. The bond carries a minimum ticket size of €25,000 (about US$29,000), marking a...
McCormick Bets On Flavour In Unilever Tie-Up Amid Shifting Tastes
McCormick announced a merger with Unilever’s food division, forming a $65 billion sauce‑and‑spice powerhouse. The deal aims to capture growing global demand for flavorful, low‑calorie products as GLP‑1 weight‑loss drugs reshape eating habits. It also gives McCormick access to Unilever’s extensive...
Bitcoin Just Crossed Into Credit Markets — with Forced Selling Built In
Moody's has provisionally rated a $100 million taxable revenue bond, the Waverose Finance Project, that uses Bitcoin as pledged collateral. The bond is structured with 1.60× initial collateral coverage and a liquidation trigger at 1.40×, meaning a roughly 12.5% Bitcoin price...
KDP Secures Controlling Stake in JDE Peet’s, Appoints Rafael Oliveira to Lead Coffee Spin-Off
Keurig Dr Pepper has acquired a 96.22% stake in JDE Peet’s, creating a controlling interest that merges KDP’s single‑serve system with JDE’s global coffee brands. Rafael Oliveira has been appointed CEO of the combined coffee unit and will later lead the...
US, European Funders in Mix for Tharisa’s Karo Project
Tharisa is seeking $300 million of financing for its $545 million Karo platinum‑group‑metals project in Zimbabwe, courting North American and European government‑backed lenders alongside offtake partners. The mine is designed to produce about 226,000 ounces of PGMs per year in its first...
Unilever Spins Off Food Division: What Does It Mean for Manufacturers?
Unilever announced a £33.7 billion spin‑off of its food division, merging it with McCormick Foods while retaining a 65% stake in the new entity. The move follows the earlier divestiture of its ice‑cream business and is driven by a strategic shift...
Roth/MKM Downgrades Apellis Stock Rating on Biogen Acquisition
Roth/MKM downgraded Apellis Pharmaceuticals to Neutral from Buy and lifted its price target to $41, matching Biogen’s cash offer of $41 per share. The acquisition values Apellis at roughly $5.6 billion, an 86% premium to its recent average price, and is...
Amazon in Talks to Buy Satellite Operator Globalstar
Amazon is in advanced talks to acquire satellite‑telecom firm Globalstar as it accelerates its low‑Earth‑orbit (LEO) broadband project, Kuiper. Globalstar, valued at about $8.8 billion, saw its shares jump 24% to $85 after the news. The deal would give Amazon access...
Molex Completes Acquisition of Smiths Interconnect
Molex announced the completion of its acquisition of Smiths Interconnect, the UK‑based subsidiary of Smiths Group, marking the largest deal in Molex’s history. The purchase adds a portfolio of ruggedized connectors, RF components, optical transceivers and semiconductor‑test expertise, extending Molex’s...
Leveraged Loan Insight & Analysis – 3/30/2026
The US broadly syndicated loan market issued about $779 billion in the first quarter of 2026, marking a 6% decline year‑over‑year and a 10% drop from the previous quarter. New‑issue loans accounted for roughly 32% of total activity, amounting to $251 billion,...
Debut-SRT-on-Starting-Blocks
A Singapore‑based bank has launched its first Synthetic Risk Transfer (SRT) transaction, marking the debut of structured credit deals on the market’s starting blocks. The SRT will package corporate loan exposures into a synthetic instrument, allowing the bank to offload...
ABF-Deal-Digest:-Allegro-Secures-£2m-Facility-From-Beechbrook
Allegro secured a £2 million (approximately $2.6 million) facility from Beechbrook Capital, which carries a BBB credit rating. The funding is earmarked to expand Allegro’s UK film‑lending platform, a niche segment of asset‑backed finance. The deal underscores the growing appetite for structured...
Hard-Test-Gets-Harder
The European Banking Authority (EBA) has released a detailed Q&A that tightens the eligibility criteria for Significant Risk Transfer (SRT) transactions, making the regulatory test more demanding for issuers. The new guidance emphasizes higher capital relief thresholds and stricter asset‑backing...
Ninety-One-to-Wind-Down-European-Private-Credit-Strategy
Ninety One announced it will wind down its European private‑credit strategy, effectively exiting a segment that has faced slowing fundraising and heightened credit risk. The firm will liquidate existing positions and return capital to investors over the coming months. Management...
Amazon in Talks to Buy $9bn Satellite Group Globalstar in Bid to Rival Musk’s Starlink
Amazon is reportedly in advanced negotiations to acquire Globalstar, a satellite communications firm valued at roughly $9 billion. The move would give Amazon a low‑Earth‑orbit constellation capable of delivering broadband services worldwide. Analysts see the deal as Amazon’s bid to build...
JP Morgan Refis 625 Fulton Street With $765M Loan
J.P. Morgan Chase provided a $765 million permanent loan to refinance Rabsky Group’s 35‑story, 1,102‑unit multifamily tower at 625 Fulton Street in Downtown Brooklyn. The new financing replaces $555 million of construction debt originally supplied by Madison Realty Capital. The development includes...
654 Departures: A Look at the LPL-Commonwealth Deal One Year Later
One year after LPL Financial’s $2.7 billion acquisition of Commonwealth Financial Network, 654 advisors—about 22% of the original 3,000—have departed for rival firms. Raymond James emerged as the primary destination, adding 145 former Commonwealth advisors, while independent broker‑dealers Kestra and Cambridge Investment...
Financial Services Roundup: Market Talk
European banks skipped issuing new subordinated bonds in March as spread volatility made the segment unattractive, while senior unsecured issuances totaling roughly $6.7 billion continued. Belgium’s state‑owned Belfius Bank is weighing a partial privatization and plans to expand its insurance footprint,...
Greystone Provides $33M Financing to Bayshore Properties for Chicago MF Acquisition
Greystone has extended a $32.56 million Freddie Mac loan to Bayshore Properties for the purchase of the 253‑unit Aspen Ridge Apartments in West Chicago. The financing is complemented by a $5.5 million preferred equity investment from Mandelbaum & Associates, together covering the acquisition...
Blackstone Life Sciences Fund VI Blows Past Fundraise Target
Blackstone’s Life Sciences Fund VI has closed its fundraising round well above the original target, securing roughly $1.5 billion from limited partners. The fund’s platform claims a regulatory approval rate that is almost twice the industry average, a metric highlighted by...
New Sokin CFO Keeps Eye on North American Opportunity
London‑based cross‑border payment provider Sokin announced a strategic push into North America, backed by a $300 million Series B valuation and a $100 million debt facility. New CFO Tom Steer, hired from Financial Technology Partners, will steer capital strategy, M&A and growth initiatives....
San Jose Schools See Ratings Boost Despite Declining Enrollment
Moody’s Ratings raised Alum Rock Union Elementary School District’s issuer rating from A2 to A1 and its general‑obligation bonds to Aa3 as the district prepares a $52.5 million bond issuance. Despite a projected enrollment loss of over 1,000 students by fiscal...
IOWN Energy Closes Sale of 127 MW Nevada Battery Project
IOWN Energy completed an all‑cash sale of the 127 MW/506 MWh Roccasecca battery storage project in Boulder City, Nevada, to independent power producer DESRI. The transaction transferred all shares of the project SPV and bundled a $290 million senior secured credit facility to...
Kailera Plots IPO to Fuel Obesity Pipeline
Kailera Therapeutics, after raising $1 billion across a $400 million Series A and $600 million Series B, is preparing an IPO to fund its obesity drug pipeline. Its lead candidate, ribupatide, has delivered up to 23.6% weight loss in Phase 3 injectable trials and 12.1% loss...
Cross River Receives $50M Funding
Cross River Bank’s parent, CRB Group, announced a $50 million common equity raise from existing shareholders and investors advised by T. Rowe Price. The capital will be deployed to accelerate product development, expand the embedded‑finance platform, and meet heightened regulatory requirements....
HYBE to Inject $100M Into US Subsidiary, HYBE America
HYBE announced a $100 million paid‑in capital increase for its U.S. arm, HYBE America, acquiring 10 million new shares. The infusion is intended to smooth operations of the e‑commerce and label businesses, which posted $19 million revenue and a $12 million net loss in...
Santander Plans SRTs on UK, US Loans Amid Acquisition Spree
Banco Santander is arranging two large synthetic risk transfers (SRTs) to offload more than $1.33 billion of UK commercial‑real‑estate loans and about $2 billion of US corporate loans. The moves aim to free capital ahead of its $12 billion acquisition of Webster Financial...
Platinum Equity-Backed Cook & Boardman Picks up Systems Integrator Assurance Media
Cook & Boardman, backed by private‑equity firm Platinum Equity, announced the acquisition of systems integrator Assurance Media. The deal adds Assurance Media's expertise in security system integration to C&B's existing portfolio of access and security solutions. The transaction underscores C&B's...
Anfield Energy Further Amends Credit Facility with Extract
Anfield Energy Inc. has amended its credit facility with lender Extract Advisors by issuing 50,000 bonus common shares and 180,085 warrants priced at C$8.11 (≈ $6) each. The warrants must be exercised before September 26, 2028, with proceeds earmarked to repay the facility’s...
GoodLeap Raises $408.9 Million in ABS From Home Improvement Portfolio
GoodLeap Home Improvement Solutions Trust issued the GDLP 2026‑1 asset‑backed securities, raising $408.9 million. The deal finances 37,987 home‑improvement loans covering LED lighting, HVAC, windows, doors and generators, with an average loan balance of $11,960 and a 12.56% interest rate. The ABS...
Deutsche Bank to Provide £925m Senior Loan for Olympia Redevelopment
Deutsche Bank has agreed to provide a £925 million senior loan to finance the redevelopment of London’s Olympia exhibition centre. German investors backing the project will contribute an additional £500 million in equity as part of the refinancing package. The combined funding...
Cohesity Talks up Post-Veritas Merger Strategy
Cohesity’s CFO Eric Brown outlined a three‑stage post‑merger strategy after acquiring Veritas’ data‑protection portfolio in February 2024. The plan began with a customer‑retention phase that unified sales teams and allowed partial down‑sells to keep Veritas clients. In fiscal 2026 the focus shifts...
BDx Secures $320m Loan Facility for Indonesia Data Center Build-Out
BDx Data Centers has closed a $320 million loan facility led by Bank Permata, BCA and KB Bank to fund its Indonesia expansion. The financing will support the AI‑focused CGK3 campus in Jakarta, upgrade high‑voltage power at the CGK4 and CGK5 sites,...
Term Sheet: CTP’s Asian Loan, a Refinancing for Olympia, BNPP AM Alts on Defence Spending
Logistics developer CTP secured a new loan from Asian banks, expanding its financing footprint beyond Europe. The proceeds will support a refinancing of the Olympia project in London, which also includes a sizable equity injection to improve capital structure. BNP...
Bank of Hope to Buy SMBC Commercial Unit
Bank of Hope announced an all‑cash acquisition of SMBC Manubank’s California commercial banking unit, adding eight Southern California branches, roughly $2.5 billion in commercial and CRE loans and $2.7 billion in deposits. The deal, slated to close in the second half of...
Korsana Biosciences Announces Merger With Cyclerion Therapeutics, Concurrent $380 Million Private Financing
Korsana Biosciences announced a merger with Cyclerion Therapeutics, accompanied by a $380 million private placement. The financing round was led by Fairmount and Venrock Healthcare Capital, with participation from a slate of prominent venture and institutional investors. Cooley LLP represented the...