Apollo Targets $14B Tenneco IPO After Earnings Double
Apollo plots Tenneco IPO at $14bn valuation as automotive turnaround delivers near-doubled earnings Read more here: https://t.co/kc5SAhwSBN https://t.co/r3P9SGahZm
Vistance Sells RUCKUS to Belden for $1.846 B
"Vistance Networks $VISN announced today it has entered into a definitive agreement to sell its RUCKUS Networks business to Belden Inc. $BDC for $1.846 billion in cash, to be paid by Belden at closing." https://t.co/iqypD3Sr6j
Inseego to Acquire Nokia's Fixed Wireless Access Business
"Inseego $INSG said on Thursday it will acquire Nokia's $NOK fixed wireless access, or FWA business, to expand its global footprint in wireless broadband." https://t.co/O5VEKjus4K via Seeking Alpha
Due Diligence Findings: Your Biggest Deal‑Repricing Leverage
if your business does $1M–$100M: the due diligence findings that reprice every deal: – owner add-backs: price drops – one-off revenue removed: EBITDA adjusts – key person risk found: earn-out structured – undisclosed liabilities: walk away every finding is a negotiating tool
Apax Leads £1.2bn CloserStill Media Sale
Apax emerges as frontrunner in Providence Equity's £1.2bn+ sale of CloserStill Media Read more here: https://t.co/Dn9J0db53Y https://t.co/Z54vRopGOz
Meta's Debt Triples, $25B Bond Sale Boosts Load
Meta Debt Load - Zuck Levering Up 2026: $87B* 2022: $27B *Add $25B, **META LOOKS TO RAISE $25B IN BOND SALE - Bloomberg.
KKR Restarts Flora Food Sale at $10 B Valuation
KKR revives Flora Food Group sale process with $10bn price tag Read more here: https://t.co/yGF3OTrNBY https://t.co/Fu6a3q9jGj
RNWH's Edwards Dive Deal Boosts Earnings, Slightly Better Valuation
#RNWH buying Edwards Diving Services and says "will be immediately earnings enhancing". ShareScope has fwd p/e 12.5 falling to 11.7 and fwd Divvy 2.4% rising to 2.5%; no steal but reasonable. I don't hold.
Lazard Buys Campbell Lutyens for $575M, Forming PE Advisory Giant
Lazard acquires Campbell Lutyens for $575m to create global private equity advisory powerhouse Read the full story here: https://t.co/KfnoRnOwfo https://t.co/AJP4RhBLIE
Anthropic Eyes $900B+ Valuation in Upcoming Funding Round
NEWS: Anthropic is considering offers from investors for a round that would value it above $900B. No firm term sheets, nothing accepted but new reporting @TheTerminal with and led by @shiringhaffary @nmasc_ Story to follow
Elon’s Self‑Owned IPO Creates a Single Point of Failure
Only Elon can fire Elon. https://t.co/kFbAxAN1nn This is just the strangest IPO. It's essentially a brand new company with a brand new mission, given the "x" acquisitions and orbital data center plans. Reliant on a single point of failure.
Enhanced Group to Trade on NYSE May 8
Performance enhancement is all about gaining an edge - and being faster than the competition. Starting Friday, May 8, that edge becomes investable, as @enhanced Group is expected to begin trading on the NYSE under the ticker $ENHA And you can be...
US Investors Finally Get Direct Access via IPO
“I’m an American investor running an American company, and I invest in American companies. But we don’t have a way for US investors to invest with us until today.” @BillAckman joins us on ipo day
Chiesi Acquires KalVista for $1.9B Rare Disease Drug
Chiesi to buy KalVista in $1.9B deal for rare disease drug https://t.co/VR9hDYGLGJ by Kristin Jensen $KALV $PHVS $NTLA $BCRX $IONS
Wall Street Rushes to Price Multiple SPAC
Nobody: ... Absolutely no one: ... Not a single soul on this earth: ... Wall Street: We are pricing 5 SPAC IPOs tonight to trade tomorrow https://t.co/VAE2q5HX5s
PE Investors Chase Smoothed Volatility, Not Real Returns
Back in 2019 I launched a private equity replication ETF, which provided PE returns in a liquid vehicle. After hundreds of meetings with allocators, I concluded that the primary reason they allocate to PE is the mark-to-model and smoothed volatility. The product...
Capital Stack-to-EBITDA Ratio: The Overlooked Buying Metric
Total capital stack to EBITDA ratio is one of the most overlooked ratios in the business buying world.
Spot Winning M&A and Buybacks with 10 Essential Charts
Billions of dollars are wasted every year on bad M&A and poorly timed buybacks. Michael Mauboussin’s updated 2025 paper on Capital Allocation explains exactly why – and how to spot the winners before the market does. I’ve distilled his latest research...
Meta's $2B Deal Flops Due to Arrogant Due Diligence
But what makes Meta and Manus' thwarted deal truly amazing is the lack of due diligence: "Meta conducted only a few weeks of due diligence to complete the acquisition in December, while neither Meta nor Manus sought Chinese regulatory approval for...
Advent Sells Idemia Public Security to Amadeus for €1.2bn
Advent International exits Idemia Public Security in €1.2bn all-cash sale to Amadeus Read more here: https://t.co/ile1tDlmZu https://t.co/oXkztqSF1v
Advent, Cinven Exit TKE After €29.4bn KONE Merger
Advent and Cinven exit TKE in €29.4bn merger with KONE, retaining stake in combined group Read the full story here: https://t.co/ViE5W0NCQM https://t.co/srFewfpxj6
Citi Hires JPMorgan Exile with $52 Million Package
Without fear or favour… Vis Raghavan was being forced out of JPMorgan over his poor behaviour. But before it became public he managed to convince Citi to hire him on a $52mn package. Amazing reporting by @FTJFranklin @JBSteins @akilazoe Ortenca...
World's Top 10 Investment Banks Ranked
Top 10 Leading Investment Banks in the World 🌍👇 1. Goldman Sachs 2. JPMorgan Chase 3. Morgan Stanley 4. Bank of America Merrill Lynch 5. Citigroup 6. Barclays 7. Deutsche Bank 8. UBS 9. Credit Suisse 10. Lazard
London’s Eurodollar Rise Stemmed From Belgian, French Rejection
🏴☠️1/ If what I think is happening is really happening, then I can make some predictions. Especially about incoming European problems. But first an important side story, which also relates to the “special relationship”. What a lot of people don’t know is...
Figure Weighs SPAC Revival for Triple‑dip Gains
Should Figure run a SPAC? “The goal here is to triple dip. We can make money for Figure shareholders on the SPAC economics, we drive more usage on the Figure ecosystem and we get another listing on OPEN.” 🤔 maybe they should...
JPM’s Private Credit Push Exploits Peers’ Public Warnings
Dimon: "Some firms may be brilliant, but I guarantee you not all 1,000 of them are." $JPM this month: launching a multi-billion dollar private credit strategy. The playbook: warn publicly, build privately, take share when peers stumble.
Public Listings Turn Private Tech Into Quarterly Beat‑or‑Miss Show
It's gonna be fun when all these mega private tech companies go public, and every quarter we're debating whether they beat or miss 3-month estimates
OpenAI IPO Unlikely, Could Impact Semiconductor Returns
So does OpenAIs IPO matter to semi returns? And by ‘matter’ I mean, not having one… OpenAI’s Q4 2026 IPO Might not Happen, by @friedmandave $SMH $QQQ $SPX https://t.co/XJDawToZrm
AOL Offloads ICQ to DST for $187.5 M
#ThisDayInTechHistory. April 28, 2010. AOL sold ICQ to Digital Sky Technologies, headed by Alisher Usmanov, for $187.5 million. #Internet #History https://t.co/CM6z9sFzeo
Adobe Acquires Semrush to Boost AI-Driven Brand Visibility
Changes might be coming. The acquisition is complete -> Adobe Completes Semrush Acquisition, Strengthening CX Enterprise with Enhanced Brand Visibility Capabilities "By combining with Adobe’s Customer Experience Orchestration business and the new Adobe CX Enterprise, we (Semrush) are better positioned...
OpenAI IPO Will Expose Today’s Story as Nonsense
The great thing about OpenAI going public is the financials will become public. When that happens it will be clear how nonsensical today’s story truly was. 😬
Missing the Golden Deal Flow Decade for $1M‑$100M Owners
if you're a $1M–$100M owner not in the acquisition market: here's what you're missing: – the golden decade of deal flow – motivated sellers at peak volume – vendor finance structurally open – competitors building platforms around you
Merger Mirrors Tesla Milestones to Align Musk Compensation
not a coincidence it is targeting similar market cap milestones to Tesla. this is likely to make a proposed merger fit within Musk compensation packages across both entities. also easier to *market the deal* to skeptical Tesla investors. $TSLA
Define Your Investor First, Then Tailor Your Raise
If you don’t define your investor, you can’t define your raise. Structure, minimums, marketing rules, and follow up all change based on who you’re raising from. Trying to raise from everyone means you build nothing that fits anyone. raisingcapital #capitalraising #investorrelations #fundstructure #sethbradley
Carlyle's BDC Discount Model Vastly Underestimates Market Reality
Carlyle's modeled average BDC discount of approximately -5% (based on current credit conditions) is far greater than the average actual BDC discounts of more than -20%, leading to a record "historical variance" in which NAV discounts are far wider...
Corporate Bonds Surge 30%; Private Credit Squeezes Bank Loans
U.S. corporate bond issuance very strong, 30% growth Bank loan market struggling because private credit eating their lunch https://t.co/SAfuthERyB
OpenAI's IPO Race Hampered by Revenue, User Gaps
Oops > OpenAI Misses Key Revenue, User Targets in High-Stakes Sprint Toward IPO https://t.co/OL69xSO5Ar #ai #cio
Temasek, CPPIB, ChrysCapital to Cash Out in NSE IPO
Temasek, CPPIB, and ChrysCapital among investors set to exit via India's NSE IPO Read more here: https://t.co/VFVPxY6weC https://t.co/kpQRpHDi5f
China Plans Another London Green Sovereign Bond Sale
China is considering another green sovereign bond sale in London this year as Beijing looks to expand its presence in international debt markets https://t.co/gUiG7ZPz7n
Lightelligence Launches Hong Kong IPO, Raises $323M
Lightelligence, a Chinese optical-computing provider, is set to begin trading in Hong Kong on Tuesday after raising $323 million in an IPO https://t.co/zbtkjcpbnq
Peoples Bancorp Poised for New Deal Post‑Citizens Acquisition
Peoples Bancorp $PEBO 'ready, willing and able' to ink another deal after Citizens buy | S&P Global Market Intelligence https://t.co/j53URGsvbE
Chinese Funds Create US‑friendly Structures for Non‑sensitive Investments
Chinese early stage funds are increasingly offering a fundraising structure that appeals to US investors wary of American compliance restrictions but keen to grow exposure to non-sensitive sectors in China https://t.co/FHpOwEpW0O @echowonghk
Think Beyond: Ask Everyone, Not Just the Obvious
.@willguisbond asked @SecDuffy who he had asked if they wanted to buy @SpiritAirlines: "The better question is who haven't I asked?"
Middle Eastern Funds to Own 38.5% of Paramount‑WBD
Paramount-Warner Bros. Discovery Will Be 38.5% Owned by Middle Eastern Funds Following Close: Filing https://t.co/mg2Z2deDyN via @variety
Cable Stocks Plunge, Fueling Merger Speculation
Charter's and Comcast's shares took a beating on what one analyst called 'Bloody Friday.' While the size of the sell-off might not have been warranted, it is fueling speculation about M&A and further cable sector consolidation. @Light_Reading https://t.co/SvsJpjx7PR
NTLA Turns Red, Faces Cash‑Raise Dilemma
$NTLA finally red. Took longer than I expected. How do they raise the cash they need from here? Are they going to be forced to take on debt?
Blue Owl BDC Tender Attracts Under 1% Participation
*BOAZ WEINSTEIN'S BLUE OWL BDC TENDER DRAWS UNDER 1% OF SHARES It was a valiant effort and an interesting campaign, but ultimately Blue Owl nontraded BDC holders will HODL
Kashable Secures $60M Series C to Boost Responsible Credit
@getkashable, a fintech that provides access to “socially responsible” credit and financial wellness programs for employees as a voluntary benefit, has secured $60M in a Series C funding round led by Goldman Sachs Alternatives’ Sustainable Investing. To date, the company has...
Master Consolidation: Build Board, Source Off‑Market, Close Quickly
are you a $1M–$100M business owner? the cold blooded consolidator in your market: – built a board before sourcing – sourced off market before listing – structured vendor finance before offering – closed before you knew they were looking
China’s Manus Block Signals AI Software Now Under Scrutiny
China is blocking the Manus acquisition by Meta. A few things stand out: - China has historically been more opaque and less public in restricting foreign acquisitions of Chinese tech assets, while the US (CFIUS) has been more explicit and aggressive...