Eli Lilly Acquires Ajax to Strengthen JAK Pipeline
Lilly to buy startup Ajax in bid for a better JAK drug https://t.co/RMQQZ4mRFG $INCY $BMY $LLY $TAK #biotech #startups
Refi Lifts Cash Flow 50% As
Successful refinancing could lift FCF by ~50% in a biz w/ thousands of franchise locations. Immediate risk is already off the table following an emergency refi. The board has been refreshed, with a new CEO and chairman, and activists are leading a...
T‑Mobile, Verizon Urged to Chase Charter Now
"T-Mobile and Verizon should attempt to acquire Charter for massive value creation opportunities. The Trump Presidency is the time to try. A merger with Comcast is far less valuable, but better than doing nothing." via Peter Supino at Wolfe Research
Shell's $14B Deal Marks Biggest Acquisition in Decade
Shell to buy Canadian shale company for $14 billion, in what would be oil giant’s biggest acquisition in 10 years https://t.co/Bk5GBjmp6I
Four Pharma Deals Showcase Hefty Premiums, Billions at Stake
Today's M&A notes $ARX.to to be acquired by $SHEL.LN for $8.20 cash per share + 0.40247x shares, 26.6% premium, $22.0 billion $OGN to be acquired by Sun Pharmaceutical for $14.00 cash per share, 138.9% premium, $11.75 billion $RMAX to be acquired by $REAX...
VRT Acquires Firm to Boost Liquid Cooling Expertise
$VRT: makes another acquisition to further strengthen its liquid cooling system and engineering expertise. https://t.co/1DyyOBJIc8
AA4+ Holders Back LAC10 Takeover, Regulatory Risk Looms
AA4+ holders backed Lesha Bank LAC10 takeover (~98%). Needs UAE clearance & court sanction; delist due Q3'26. Risk: regulatory veto/delay. Trade: exit AA4+ pre-suspension. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Missed Call Leaves CEO Filing Unnecessary Shelf, Everyone Sucks
Moments before you failed to get in contact with a CEO to urge him/her not to file a shelf (that just got filed) after you learned that bankers were all over him/her to file a “just in case shelf,” even...
AllianzGI Secures $270M First Close for APAC Infrastructure Credit Fund
Fundraising alert: @AllianzGI_view holds first close of Asia Pacific infrastructure credit fund at $270 million Read more here: https://t.co/pyvLXApsaW https://t.co/dZQeMeLLcy
Sirius XM's iHeart Bid Hampered by Massive Debt
Sirius XM eyeing iHeartMedia? 🤔 Strategic audio play but iHeart’s $5.5B+ debt is a massive red flag. SIRI shareholders might want to hope this one fizzles. 📉 AudioMerger
2026’s Biggest IPOs on the Waiting List
Big size IPO in waiting list of 2026 🔥 We will update and cover all IPO. Stay connected @champ_trader
Control the Close: 3C Method Doubles Business
double your business using 3C closing control: – timeline: you set it – structure: engineered before the call – exclusivity: locked in the NBIO – due diligence: you run the clock – close: you call the date amateur buyers let sellers conduct 3C operators dictate the orchestra business doubled before the...
Toshiba's EBITDA Points to ¥2.7 Trillion Valuation
A thought on Rohm (6963) Toshiba has value. - ¥338bn of EBITDA to Mar25, - ¥292bn of EBITDA 9mos to Dec25. - Assume ¥1.3trln of net debt when taken over, FCF of ¥900bn+ through Dec25, ¥400bn+ of Kioxia sales in Q4. Toshiba...
Spirit Survived Biden’s JetBlue Merger Block
Spirit Airlines Didn’t Die Because Biden Blocked The JetBlue Merger - View from the Wing https://t.co/MaQZoSJ2AF
Veeva: $36B SaaS Built on $7M Funding
An early Salesforce employee built a $36 billion software company for one industry. He only raised $7 million before going public at $4.4 billion. All in just six years. This is Veeva, the most capital-efficient SaaS company you've never heard of:
Private Credit Losses Remain Mild, Historically Sub‑1%
Interesting historical private credit metrics: - Private credit losses were -0.64% in 2025 - Long term historical annual average is -1.0% - Worst period was 2008-2010 in which the cumulative realized loss was -10.2% https://t.co/fnCeDwk655
Hyperscalers Issue $110bn Debt, Exceeding Forecasts
BofA: Hyperscalers have issued $110bn in debt so far in 2026, sharply above forecasts https://t.co/aIc0cIvDl0
Germany Seeks White‑knight Bidders to Block UniCredit Takeover
Germany sounded out potential white knights for Commerzbank earlier this year, underlining its efforts to fend off UniCredit https://t.co/SFoDdMQcTL via @KowalczeKamil https://t.co/jmbx69DPzh
Elon Musk's $44 B Deal to Acquire Twitter Finalized
#ThisDayInTechHistory. April 25, 2022. Elon Musk's $44 billion offer for Twitter was accepted. (ABC News) #SocialMedia #Internet #History @ElonMusk https://t.co/y1BdWvkC1e
One Restructure, Three‑fold Exit Multiple Boost
triple your exit multiple using one restructure: single business: – 3–4x EBITDA – one buyer – their terms holdco with 23 acquisitions: – 10–12x EBITDA – PE firms competing – your terms same earnings one restructure 3x the outcome
Acquire a Business with Zero Cash Using Vendor Finance
double your business overnight without spending a dollar: – find retiring owner in your sector – structure 100% vendor finance – business pays for itself – personal capital: $0
SpaceX IPO Valuation Would Equal About 5% of U.S. GDP
With SpaceX looking to go public somewhere near a $1.75 trillion valuation, that's about 2.5% of the entire market cap of the U.S. stock market, and roughly 5.5% of U.S. GDP. What other stock offering can you compare this to...
Turn Due Diligence Findings Into Price‑Cut Leverage
the cold blooded approach to due diligence: finding 1: owner add-backs → reprice finding 2: declining margins → restructure finding 3: key person risk → earn-out finding 4: customer concentration → discount every problem: a negotiating tool every finding: a price reduction never skip it never be emotional about it
2026 IPOs Average 19% First‑day Gain, Matching History
GS: The average 2026 IPO has jumped by 19% on its first trading day, in line with the historical median return. https://t.co/8t0zAeVGQq
Deal with Certainty: Decisive, Cold, Never Flinching
being masculine in M&A: not: – apologising for your offer – softening your structure – backing down from your price – accepting bad terms to close being: – decisive on the NBIO – direct in the LOI – cold in due diligence – willing to walk the deal respects certainty not flexibility the...
AI‑savvy Firms Drive M&A Surge Amid Volume Slump
M&A is surging this yr, but it’s very specific activity. From RBC’s Vito Sperduto: "The U.S. market is up 43% YTD, but deal volume is down 30%. This isn't just a rebound; it's a consolidation of power by those who...
SpaceX IPO Rumor Sparks $20 B Funding Questions
I heard SpaceX was going public within the next two months. Why do they need to borrow $20b? Seems odd?
Big Firm Buying Small One—Unless Owned by Ellison
When a $9 billion company combines with a $900 million company, it is buying the $900 million company.* Use whatever language you like... *Unless the $900 million company is owned by David Ellison. https://t.co/nYS3D359sO
Kalshi's $19B Valuation Seems Frothy Amid Regulatory Uncertainty
Kalshi doing a private offering at a $19B valuation. Feels about right but a little frothy for a company whose regulatory regime could pivot quickly
United CEO Negotiating Purchase of Rival Airline Assets
United CEO Says He’s In Talks To Buy Assets From Another Airline - View from the Wing https://t.co/Ow68rGKOE9
IHeart and SiriusXM Explore Merger of Radio Giants
NEW: IHeart and SiriusXM are discussing a deal that would combine the largest radio station owner and the largest satellite radio company in the US. Scoop with @ashleyrcarman and @MichelleF_Davis https://t.co/7NEFbCv6jz
Call Owners Directly for Off‑market Deals, Avoid Competition
STOP competing for listed deals START calling owners before the broker does off market no competition motivated seller you control everything
Business Models Flip: Old Advice Now Obsolete
The world is turning upside down. We have media companies being bought at crazy levels, which didn't used to happen. SaaS company margins and market caps are plummeting. Services businesses are getting 70% plus margins and are commanding premiums. Everything that...
Charter Set to Eclipse Comcast as Top ISP
Charter, after finalizing the Cox acquisition later this year, will become the largest Internet Service Provider in the U.S., overtaking @Comcast. But Charter CEO Chris Winfrey is denied access to the @Cablefax 100 VIP skybox? Comcast, meanwhile, gets not one...
United's JetBlue Deal: Prime Opportunity or Strategic Bluff?
Now Is The Ideal Time For United To Buy JetBlue… Or Was It All A Bluff? https://t.co/81pmP2nSDB
Charter-Cox Merger Near Summer Close, California Pending Approval
Charter's Chris Winfrey: Charter-Cox deal has received fed and state approvals save for California. Working with CPUC toward a summer close.
Amazon-Backed X‑Energy Secures $1.02 B IPO
Speaking of IPOs for exciting energy startups... Amazon-Backed Nuclear Firm X-Energy Raises $1.02 Billion in IPO https://t.co/K59eZ3ztTF
Distressed Sellers Price Anxiety, Not Asset Value
FTX sold a 5% stake in Cursor for $200K during bankruptcy. SpaceX just bought Cursor for $60B. That stake: now worth $3B. Distressed sellers don't price assets. They price their anxiety. The record was always in the bargain bin. https://t.co/EGR4YqhZKc
Dim Sum Bond Borrowing Hits Record RMB300bn This Year
FT: "Total borrowing in so-called dim sum bonds — issued outside the mainland, mostly in Hong Kong, and denominated in renminbi — has hit Rmb300bn ($44 bn) so far this year, more than twice the amount at this point in...
MUFG Appoints Saumitra Shrivastava as Asia Project Finance Head
MUFG has hired Saumitra Shrivastava as head of Asia project finance based in Singapore, according to sources https://t.co/gA6CQ3OaxK
Sun Pharma's $13B All‑Cash Offer Boosts Organon
M&A lift: Sun Pharma readies $13B all‑cash bid for Organon, bank‑financed; strategic fit in women’s health and US manufacturing. Competing bidders and regulatory risk persist. Trade: go long OGN on bid momentum, tighten stop. — Viktor Kopylov, PhD, CFA. More insights:...
SpaceX IPO Poised to Become Record‑high Priced Offering
The SpaceX IPO is coming, and it will be a doozy, a futuristic company (spaceships, satellites and AI), a founder who will keep things interesting (Musk) and a price tag that may make it the most highly priced IPO of...
PE Interviews Demand Impossible LBO Modeling From Rookies
we need to broadcast PE associate interviews this way… like imagine David Sambur screaming at a first-year GS analyst demanding an LBO model with multiple cash sweeps, IPO and M&A exit toggles, etc.
Paramount Merger Wins Overwhelming Shareholder Approval
WBD shareholder vote tally on Paramount merger: * For: 1.743 billion shares * Against: 16.3 million shares * Abstain: 2.37 million shares https://t.co/SuUqxaA7dz via @variety
World Bank, Amazon Launch Bond to Restore Eastern Cape Ecosystems
The World Bank has teamed up with Amazon on a bond whose proceeds will go toward rehabilitating ecosystems in South Africa’s Eastern Cape Province https://t.co/87FDKgjmhu
Home Bancorp Targets Bigger Acquisitions Amid Rising Stock
Home Bancorp $HBCP eyes larger M&A as stock price improves | S&P Global Market Intelligence https://t.co/yi98Ndxs6f
JPMorgan’s Private‑credit Playbook: Inflate Rates, Warn
The JPMorgan private credit playbook this month: 1. Raise back-leverage rates 50-150bps. 2. Mark down the collateral. 3. Tell the press the asset class is risky. 4. Launch your own fund. The warnings were always going to end in a product launch.
Credit Investors Snap up BDC Bonds as Retail Exits Equity
Third BDC bond deal in eight days. All oversubscribed. All priced tighter than talk. Credit investors are buying the liability stack while retail is trying to exit the equity below it
Shareholders OK Paramount‑Skydance Deal, Awaiting Regulators
Warner Bros. Discovery shareholders approved Paramount Skydance's acquisition. Now the deal is just awaiting regulatory approval.
AI Fears Slash Software CLO Exposure, Widen Valuation Gap
Software Sector Debt Market Shifts (data via Mizuho): • CLO software allocations dropped from 15% to 5-8% • AI risk fears have pushed some performing credits into the 70s-80s • Refinancing private credit into Term Loan B is currently stalled AI disruption fears are...