Know What's Happening in M&A
Know What's Happening in M&A
Privia Health reported a robust 2025, with implemented providers rising 12.3% to 5,380 and attributed lives increasing 22.7% to 1.54 million. Practice collections grew 16.9% to $3.47 billion and adjusted EBITDA surged 38.8% to $125.5 million, delivering a 130% free‑cash‑flow conversion. The company completed the Evolent Health ACO acquisition, adding over 120,000 value‑based lives, and outlined 2026 guidance targeting 10.6% provider growth and $150 million adjusted EBITDA. Management highlighted aggressive AI deployments to boost productivity and margin expansion.
Anthropic announced the acquisition of Vercept, a Seattle‑based AI startup known for its computer‑use agent Vy, and will retire the product by March 25. Vercept, which raised $50 million from investors including Eric Schmidt and Jeff Dean, joins Anthropic’s Claude Code team following a...
Clearfield CEO Cheri Beranek says Verizon's acquisition of Frontier creates a major growth opportunity for the fiber‑connectivity supplier. The combined Verizon‑Frontier network will cover over 25 million premises across 31 states, expanding demand for Clearfield’s equipment and its new NOVA platform....
Netflix chief Ted Sarandos is urged to abandon his $27.75‑per‑share cash offer for Warner Bros. Discovery’s streaming and studio assets and let Paramount Skydance’s $31‑per‑share bid win. The author argues that Netflix would face intense regulatory scrutiny, higher financing costs, and...
Carlyle’s U.S. buyout platform is on track to realize close to $12 billion of cash proceeds within the next 13 months. The firm attributes this pipeline to a portfolio that aligns with current market demand, saying its assets are “what buyers...
Los Angeles‑based John Elliott has been sold to Centric Brands and entrepreneur Sam Ben‑Avraham, with plans for a major relaunch later this year. The brand, once a cult favorite among athletes and influencers, saw sales and store closures after the pandemic....
Paramount Pictures has raised its bid for Warner Bros. Discovery to $31 a share, reigniting a potential takeover of the studio’s film, TV and streaming assets, including HBO Max. The board has not dismissed the offer, leaving the door open...
Good outline of the $VRE buyout. There’s probably a small chance of an overbid here. But, to be honest, probably close to zero, at a 5% implied cap rate. But we’ll see. Downside is only ~10% and the buyer isn’t walking, so...
Oregon‑based Housecall Providers has signed a definitive agreement to affiliate with Chapters Health System, extending the nonprofit’s footprint in the Pacific Northwest. The transaction is slated to close in late spring or early summer 2026, subject to regulatory clearance. The...
Intuitive Machines announced a $175 million equity investment following its January acquisition of Lanteris Space Systems, the former Maxar spacecraft manufacturing unit. The funding will expand the 1300 satellite platform, enhance near‑space network services, and pursue a solar‑system internet independent of...
ENGIE announced a £10.5 billion equity purchase of UK Power Networks, valuing the distribution operator at a £15.8 billion enterprise value. The acquisition gives ENGIE its second‑largest market globally and adds 192,000 km of mostly underground network serving 8.5 million customers across London and...
Alphabet-owned Intrinsic, a robotics‑software specialist, is joining Google while remaining a distinct entity. The integration will link Intrinsic’s Flowstate platform and Vision AI model with Google DeepMind, Gemini AI models, and Google Cloud services. Earlier, Intrinsic expanded through acquisitions of...
MarineMax, the Clearwater‑based marina operator, has circulated confidentiality agreements as Blackstone, Centerbridge and other investors evaluate a potential acquisition valued around $1 billion. The company, which runs 65 marinas, 70 dealerships and serves high‑net‑worth boaters, is currently priced at roughly $628 million,...
Domo trades at 0.8x ARR and just announced they are formally looking to sell. While they have a "cheap" multiple, revenue growth is 0% and they are barely FCF breakeven. I.e. the unit economics are broken. But might make sense to the...
Canada Pension Plan Investment Board (CPP Investments) is evaluating secondary market sales to trim its older private‑equity exposures. The fund intends to allocate roughly C$20 billion to new private‑equity commitments this year, according to global head of PE Caitlin Gubbels. By...
Important message for folks acquiring $2-15M EBITDA businesses, especially those who are willing to share their story and lessons down to the detail. Thanks to you, others are willing to take the leap. Just received a DM from a listener of the...
Paramount has renewed its pursuit of Warner Bros. Discovery with a $31‑per‑share bid, reigniting a high‑stakes acquisition battle. Netflix, led by co‑CEO Ted Sarandos, is simultaneously courting investors and studios, arguing its own offer—already accepted in December—outperforms Paramount’s. The two...
Sealed Air shareholders voted to approve a $6.2 billion takeover by private‑equity firm Clayton, Dubilier & Rice (CD&R). The European Commission recently cleared the deal, finding no competition concerns, allowing the transaction to move toward closing pending final regulatory sign‑offs. The...
African tech startups are moving away from the high‑burn blitzscaling model toward strategic acquisitions as venture capital dries up. Funding peaks in 2021‑2022 gave way to shrinking mega‑rounds, a 65% jump in debt financing, and tighter follow‑on capital. In 2025,...
Private equity’s image as a ruthless raider is outdated; today firms focus on partnership and growth. They acquire companies through negotiated deals, often allowing sellers to retain equity, aligning incentives. While cost efficiencies remain a tool, sustainable value stems from...
The UK Competition and Markets Authority (CMA) has opened merger inquiries into Hays Travel’s proposed acquisitions of Polka Dot Travel and Millington Travel. Initial enforcement orders were served in December 2025, and the CMA set a statutory timetable that places Phase 1 decisions...
Precision Aircraft Solutions, an Erickson Group subsidiary, has acquired the remaining minority stake in 321 Precision Conversions from ATSG’s Cargo Aircraft Management, becoming the sole owner of the Airbus A321 freighter conversion business. The deal consolidates Erickson’s control over the...
On January 23 2026 the SEC’s CorpFin issued new Compliance and Disclosure Interpretations that broaden flexibility for M&A, proxy and tender‑offer rules without formal rulemaking. The revisions permit lock‑up agreements without meeting traditional prospectus conditions, allow privately placed shares to be registered...
On Jan. 23, the SEC’s CorpFin division issued new Compliance and Disclosure Interpretations that loosen proxy‑broker search timing, broaden lock‑up registration on Forms S‑4/F‑4, and add leeway for cross‑border tender offers. The staff also reversed its stance on voluntary Notices of...
At NEXUS 2026, CalPERS CEO Marcie Frost announced that the pension fund’s revitalized private‑equity program will operate with a degree of independence from its newly adopted total‑portfolio approach (TPA). The move signals a renewed commitment to private‑equity as a core return...
$WEN targeted by LT shareholder & former Chairman Nelson Peltz (13D filed). - Says shares are undervalued and strategic options incl. a buyout may be explored. - He looked at a deal in 2022 but walked. - Stock at ~8x...
IQVIA Holdings announced an agreement to acquire five drug discovery service sites from Charles River Laboratories, adding in‑vitro capabilities, New Approach Methodologies and a small‑molecule AI platform. The assets, built on more than 20 years of data, have helped launch...
TDR’s dedicated data‑science unit, launched ten years ago, now embeds machine‑learning models across the firm’s value‑creation workflow. The team builds predictive analytics to source acquisition targets, streamline due‑diligence, and monitor portfolio performance. By automating data aggregation and applying advanced algorithms,...
Eli Lilly’s obesity drug Zepbound achieved a 25.5% weight loss in a head‑to‑head Phase 3 trial, outpacing Novo Nordisk’s CagriSema and sending Novo’s shares down 20%. The FDA launched Rare Disease Week, issuing draft guidance for a new Plausible Mechanism Pathway that...
Arctic Wolf announced the acquisition of Texas‑based Sevco Security, a cloud‑native exposure assessment specialist, for an undisclosed amount. Sevco’s platform, recognized as a Gartner Visionary in 2025, will be folded into Arctic Wolf’s Aurora platform to unify asset intelligence, vulnerability...
Uber announced it will acquire SpotHero, the leading North American parking‑reservation platform, to embed parking services directly within the Uber app. SpotHero currently offers access to more than 13,000 garages, lots and valet locations across over 400 U.S. and Canadian...
In this episode, Sean McKenna recounts how he founded Data Fusion HCM, a payroll and HR‑tech integration platform, and sold it to Ceridian (now Dayforce) within 16 months. He explains the strategic advantage of building a product that solved a...
Labcorp announced an expanded partnership with PathAI to deploy the AISight Dx digital pathology platform across its U.S. anatomic pathology labs and hospital sites. The AI‑enabled software will allow pathologists to scan, annotate and diagnose slides digitally, aiming to cut turnaround...
The West Tower of the former Grand Hyatt Incheon Airport has been sold to the Paradise Group and will reopen as Hyatt Regency Incheon Paradise City on March 9, 2026. Hyatt’s website now lists the property as a Category 4 hotel,...
ADT announced the acquisition of Origin Wireless, operating as Origin AI, to integrate its real‑time AI sensing platform into ADT’s security and smart‑home ecosystem. Origin’s technology classifies motion and human presence without cameras, audio, or wearables, adding a privacy‑focused intelligence...
GlaxoSmithKline announced a $950 million cash acquisition of 35Pharma, a privately held biotech focused on lung diseases. The deal brings the experimental compound HS235, slated to enter pulmonary arterial hypertension (PAH) trials, into GSK’s pipeline. PAH has become a lucrative target,...
Fortescue buys Alta Copper outright, deepening its copper expansion strategy around Peru’s Canariaco project. https://www.metalnomist.com/2026/02/fortescue-alta-copper-acquisition.html
Paramount's David Ellison was at POTUS State of the Union address. Netflix's Ted Sarandos headed to the White House as politics takes center stage as Paramount submits new offer for Warner Bros. Discovery. @latimes https://t.co/KSrhSdUCjY
Venture capital firms such as Fireside Ventures, Eight Roads Ventures and Peak XV have secured multi‑bagger exits by selling stakes in Indian D2C brands to FMCG conglomerates. USV Pharma’s Rs 1,583 crore purchase of Wellbeing Nutrition, Hindustan Unilever’s Rs 824 crore acquisition of Oziva and its...
Wall Street making a bet against Netflix purchase of Warner >>>>Netflix Stock Has Best Day In Over A Year After Paramount's New Warner Bros. Bid $NLFXhttps://www.investors.com/news/netflix-paramount-skydance-warner-bros-bid-offer/
One of the more interesting things from my recent story on the @Wasserman sale. Crestview Partners and @TheGershAgency are looking at Wasserman in whole and or in parts #sportico https://t.co/swU8ey2FGO
Sponsor‑backed merger and acquisition activity surged to $165 billion in December 2025, marking the second‑largest monthly volume in the past decade, just shy of the $168 billion peak recorded in April 2021. Data from Mergermarket shows that leveraged buyouts and other sponsor‑driven deals now...
As expected, $AGI.AX privatization failed - Novomatic (67%) failed to reach 75% delisting threshold - Stock now ~15% above the A$1.00/sh bid since Sep - Activist argues for ~A$3.00/sh (likely stretched) - Novo can re-bid in a few months, overbid thesis looks enticing now.
The FT's report on GSK's $950M deal to buy 35Pharma and its pulmonary arterial hypertension drug includes an interesting unnamed insider's quote that new CEO Luke Miels is going after assets where "the science is relatively settled." Maybe leaning into...
This week in (publicly-listed) fintechs: @PayPal gets takeover interest from @Stripe @RobinhoodApp launches private markets @Remitly beats expectations @Klarna delivers better GMV but margins fall https://t.co/bEeEnaTZ3V
One River is buying the quant arm of LGT Capital Partners, a deal that will boost the hedge fund’s assets by roughly a third https://t.co/KuxkGui39M
With Vivtex deal, Novo gains a chance at better oral obesity drugs https://t.co/DhIelbC9jI by @gwendolynawu $NVO #obesity
Assets from China are ubiquitous but China is no longer the 'bargain basement' in terms of deals. Will be interesting to see how rising prices impact deal interest https://t.co/yM3P28QCDc $XBI $IBB $BBC https://t.co/W61XACPX7O
