Know What's Happening in M&A
Know What's Happening in M&A
Chinese billionaire Lin Bin, co‑founder of Xiaomi, agreed to purchase a 1% stake in the Miami Dolphins' holding company, valuing the franchise at $12.5 billion. The NFL finance committee has cleared the transaction, but a full owners’ vote is still pending. This marks the highest‑priced minority sale in league history, surpassing the New York Giants’ 10% stake sold for over $10 billion. The deal follows a series of strategic cap‑table additions by owner Stephen Ross, including stakes sold to Joe Tsai and Ares Management.
Supply chain firm Aeromed has secured an investment from private‑equity firm Gemspring. The capital will back Aeromed’s recent acquisitions of HITEK Electronic Materials Ltd., NorcaTec LLC, and Kit Pack Company, Inc., expanding its capabilities across aerospace and defense components. The...
Banijay and All3Media announced an $8 billion merger that will combine two of the world’s largest independent TV producers into a single entity. The deal gives each side a 50 percent stake, with Banijay’s Marco Bassetti becoming CEO and Jeff Zucker chairing...
Accenture announced a $1.2 billion acquisition of Ookla, the parent of Downdetector, from Ziff Davis, bringing Speedtest, Ekahau and RootMetrics into its portfolio. The deal expands Accenture’s intelligence and analytics capabilities for telecom operators, hyperscalers and enterprise networks. Ziff Davis will apply the...
Food companies are increasingly turning to mergers and acquisitions to revive growth, pushing target valuations higher and making deals more expensive, Mondelēz International’s CEO warned. Mondelēz, which has completed about a dozen deals in the past decade, says reasonable pricing...
Paramount Global's pending acquisition of Warner Bros. Discovery could spell the end of TNT Sports, the long‑standing sports brand of Turner. The deal, while likely to clear U.S. antitrust review, may still face challenges and follows a pattern where regulators...
We just released our 2026 Lower-Middle-Market LOI Template. Built from 500+ deals and $1.6B+ in closed (and busted) transactions. It’s designed to reduce retrades, surface deal killers early, and increase close probability. Download it here: https://smblaw.group/services/mergers-and-acquisitions Scroll to the middle of the page to access...
How much of your business do you want to sell? Should you pursue a minority, majority, or full sale transaction? Founders looking to exit or raise capital have to decide which is the best path to achieve your goals, both...
Moelis & Co managing director Jeff Hammer announced at NEXUS 2026 that continuation vehicles (CVs) have become an established exit route for private equity general partners, alongside traditional M&A and IPO pathways. He attributed this shift to the growing specialization...
Banijay and All3Media Strike Merger Deal to Form Multi-Billion Dollar Production Group https://t.co/S2DGE01t3X via @variety
.@thalesgroup: @Thales_Alenia_S rev rose 7.6% in 2025, on pace for 7%+ EBIT margin in 2027; merger w/ @AirbusSpace & @LDO_Space on track; @industriAll_EU unions pose conditions for accepting the deal. @esa @defis_eu.https://t.co/GarzC7tTBf https://t.co/8oHhgoms52
Billionaire Rob Walton, worth roughly $146 billion, bought the Denver Broncos for a record $4.65 billion four years ago and has since quietly added a 10 % stake in the Arizona Diamondbacks, valued at $2 billion. The MLB investment funded stadium upgrades at Chase...
David Nowak, president of Brookfield Asset Management’s private‑equity arm, said operational improvements in portfolio companies will separate winners from losers in the sector. He stressed that post‑deal value creation, rather than just deal sourcing, is the decisive factor. Meanwhile, CCMP...
Paramount’s $110 Billion Warner Bros. Deal Backed by Arab Sovereign Funds Raises Soft Power Concerns https://t.co/YAzJc52Fgq
🎙️ 🎙️ NEW POD: Puck all-stars @MattBelloni & @WilliamCohan debate David Ellison’s existential Paramount-WBD challenge, Ted Sarandos’ next play, and the legacy of David Zaslav… this is a fun one… Apple: https://t.co/FhmAiCfP7H Spotify: https://t.co/skJZmlCppk @PuckNews
Grew Energy and Shanti Educational Initiatives Ltd (SEIL) have received board approval for a merger, with SEIL shareholders exchanging 212 SEIL shares for 100 Grew Energy shares. Grew Energy, a Chiripal Group subsidiary, currently operates a 6.5 GW PV module plant...
Harvey announced its second acquihire, bringing Lume co‑founders Robert Ross and Nebyou Zewde into its product and engineering teams. Lume, a Y Combinator‑backed AI integration startup founded in 2023, will cease operations as only the two founders transition to Harvey. The...
Middle‑market companies often overlook how their brand story shapes early buyer perception. A clear, coherent market narrative—supported by logical brand architecture—helps investors, partners, and customers quickly grasp the business’s value and growth potential. When the story aligns with evidence, it...
2026 has seen five major HR‑tech acquisitions—Payoneer‑Boundless, Remote‑Atlas, Phenom’s purchase of Be Applied and Included AI, Docebo‑365Talents, and Perceptyx‑Lyceum—signaling a shift toward AI‑centric, unified platforms. Buyers benefit from increased vendor competition and pricing pressure, while the deals aim to close gaps...
Emily Rooney’s new “Beat the Press” episode scrutinizes media coverage of the Iran war, examines the implications of Paramount’s acquisition of Warner Bros. Discovery that could place CNN under Trump‑friendly Ellison brothers, and discusses Bari Weiss’s loss of a Jeffrey...
South African food group Libstar announced it will not pursue any of the non‑binding takeover approaches it received, judging them to be below the company’s fair value. The board cited the firm’s medium‑ to long‑term outlook and recent financial performance...
The latest Dealogic and Bain & Company chart shows a noticeable uptick in corporate exit activity across the United States and Europe during 2025. This rise signals that the backlog of stalled mergers and acquisitions is finally being cleared. Higher...
D.C. Memo: @Optimum CEO Pitches @FCC Chairman @BrendanCarrFCC on @NXSTMediaGroup/@TEGNA Merger Conditions. Dennis Mathew urges FCC leader to require 'divestiture of Big-4 triopolies in a local market' $NXST $TGNA | https://t.co/aAaKQ9Pivw
Infinite Orbits announced back‑to‑back acquisitions of LMO’s Luxembourg operations and UK‑based Lúnasa Space within a week, leveraging the €40 million financing it raised in November 2025. The deals add advanced space‑situational‑awareness software and autonomous rendezvous capabilities to its Endurance and Orbit...
$ZD with a $1.5B market cap sold a unit to $ACN for $1.2B cash this morning
In this episode, James Carver, a CFO with two private‑equity‑backed exits, walks through his career—from trading desks and investment banking to leading finance functions in mid‑market companies—and shares the operational and strategic levers that drove value in each sale. He...
Paramount‑Skydance has submitted a US$111 billion offer to acquire Warner Bros. Discovery, aiming to combine two of the industry’s largest content libraries. Netflix announced it will not counter the bid, leaving Paramount‑Skydance as the sole serious suitor. The proposal would bring...
The piece contrasts the Biden administration’s aggressive antitrust stance with the Trump administration’s pro‑merger agenda. It points to the blocked Spirit‑JetBlue and Amazon‑iRobot deals as regulatory missteps that resulted in bankruptcy and layoffs. It then highlights Kimberly‑Clark’s $48.7 billion acquisition of...
Expandi Limited announced the acquisition of 100% of Kompass, creating Europe’s largest independent B2B data, technology, media and services platform. The combined group now employs over 250 staff across eight countries and offers a database of more than 70 million companies,...
China has reclaimed its position as Asia’s busiest buyout market, according to Deloitte’s latest private‑equity report. A surge in domestic and regional fund activity offset a decline in Western capital, driving a 28% increase in deal volume year‑over‑year. The market...
The March 3 2026 InsideArbitrage Event‑Driven Monitor reports a flurry of high‑profile M&A activity, including Global Infrastructure Partners and EQT’s $33.4 billion acquisition of AES at a 13.2% discount and a co‑founder‑led consortium’s $3.9 billion purchase of Select Medical at a 10% premium. Pending...
![[Update & Reveal] John Wood Group: Buyer Lock-In via Lending Pays Off: Double-Digit Gains Since January](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://substackcdn.com/image/fetch/$s_!B5NZ!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F32978d04-1cd9-421d-91c4-d4ab686c7abd_577x577.png)
John Wood Group’s merger with Sidara has cleared all antitrust and regulatory hurdles, confirming the buyer’s lock‑in strategy that began with a $250 million loan injection. The regulatory green light on March 3 triggered a share price rise to 28.70 pence, delivering double‑digit...
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...
Fun fact: Paramount will now own 25% of the CW Network. CBS and Warner each held 12.5% stakes so...25%.
JRI Hospitality announced the acquisition of HCI Hospitality’s restaurant operations, adding 43 Freddy’s Frozen Custard & Steakburgers locations to its portfolio. The purchase brings JRI’s total Freddy’s count to over 130 units across 18 states and expands its overall restaurant...
Solar-plus-storage M&A heats up as AI data centers drive demand #energysky -- via pv magazine usa: https://t.co/0SfVszvIE9 https://t.co/gM7W0Ker2W
Friday: RedBird helps Paramount pry Warner Bros. away from Netflix. Monday: RedBird helps Artists Equity ink major streaming deal with Netflix.
B&G Foods reported Q4 2025 net sales of $539.6 million, a 2.2% decline, while posting a $15.2 million net loss driven by non‑cash impairment charges. The company completed the sale of its Green Giant U.S. frozen business for $63.2 million and secured a...
In 1989 McKinsey consultants John Stuckey and Rob McLean introduced the “natural owner” principle, arguing firms should retain only businesses they can uniquely maximize NPV for. The concept, originally a defensive tool for divestiture, has evolved into a strategic lens for...
Eagle Materials reported Q4 FY2025 revenue of $558 million, a modest decline driven by lower cement, concrete and aggregates volumes after record rainfall in the Midwest. Despite the volume drop, earnings per share rose to $3.56, helped by a 3%...
Sportradar reported record 2024 results, posting $1.1 billion in revenue, a 26% year‑over‑year increase, and adjusted EBITDA of $222 million, lifting the margin to 20%. The company announced the acquisition of IMG ARENA from Endeavor, receiving $125 million in cash and up to $100 million...
Rayonier Advanced Materials completed its merger with PotlatchDeltic on Jan. 30, creating a timberland powerhouse with over 4 million acres and adding wood products and land‑based solutions capabilities. Full‑year 2025 adjusted EBITDA reached $248 million, an 8% increase that beat the top of...
Brazilian financial giant Bradesco announced it will consolidate all of its healthcare holdings into a single, publicly listed division. The restructuring creates a dedicated health platform that will house hospitals, insurance operations, and ancillary services under one corporate umbrella. Investors...
SES reported 2025 revenue of €2.6 billion, a 34% increase over its own prior year, but when the Intelsat acquisition is factored in the combined revenue would have been €3.5 billion – a 1.6% decline versus the two firms’ 2024 total. The...
Houston Dash owner Ted Segal has relaunched the formal sale process after last year’s negotiations with RHC Partners collapsed over NWSL league concerns about the buyer’s funding source. The Dash were previously valued at $74 million, well below the league’s average...
The article outlines a step‑by‑step guide for general counsel (GCs) navigating pre‑merger logistics, emphasizing the need for accurate entity data and clear role definition. It highlights Mercator’s Entica platform as a tool for visualizing corporate structures, managing data access, and...
G. Brint Ryan and Malinda Flenniken have finalized a transaction in which Ryan Media will acquire two FM stations, one AM station and an FM translator located in Big Spring, Texas, from Kbest Media LLC. The deal’s financial terms have...
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,...
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...
Cable One will acquire Mega Broadband Investments (MBI) to broaden its rural fiber footprint and diversify its business‑services portfolio. The deal adds roughly 210,000 residential and business customers and expands the company’s network to about 675,000 passings across 24 states....
