The New Normal: Joint Ventures, Longer Commitments, and the Rise of Earn-Outs
Veterinary practice transactions are moving from outright buyouts to partnership‑focused structures. Joint ventures now outnumber full acquisitions, and sellers are expected to stay involved for four to five years after closing. Earn‑outs are increasingly linked to post‑closing EBITDA rather than revenue, while buyers emphasize associate retention and leadership continuity. These trends signal a shift toward long‑term alignment and shared upside between buyers and sellers.
The $2 Billion Nvidia Deal With Marvell Is About A Lot More Than NVLink Fusion
Nvidia is investing another $2 billion in Marvell, extending a series of multi‑billion‑dollar bets aimed at shaping the AI datacenter supply chain. The partnership will have Marvell produce custom XPUs and NVLink Fusion‑compatible networking, leveraging its recent acquisition of XConn’s high‑bandwidth PCIe...
‘The Weight’ Filmmaker Padraic McKinley Inks With Range Media Partners
Padraic McKinley, the director of Sundance‑premiered “The Weight,” has signed with talent agency Range Media Partners. The film, starring Ethan Hawke and Russell Crowe, was acquired by Vertical, screened at Berlin, and is set for a September 18 theatrical release...
Family Life Expanded To Two Keystone State Counties
Family Life Radio announced the acquisition of an FM station in Lawrence County, Pennsylvania, extending its broadcast footprint into two Keystone State counties. The deal transfers ownership from longtime local broadcaster Lynn Deppen, with broker Michael J. Bergner facilitating the...
Options Traders Pick Up Pharma Stock After Eli Lilly Buyout
Centessa Pharmaceuticals (NASDAQ: CNTA) surged 44.4% to $39.90 after Eli Lilly announced a $6.3 billion acquisition to broaden its metabolic and sleep‑disorder portfolio. The stock hit an intraday high of $40.26, its highest level ever, while the 40‑day moving average provided support....
Pharma Goes on $25.5B, Eight-Day Acquisition Spree
Pharmaceutical companies launched an eight‑day acquisition blitz, with six firms announcing deals worth about $25.5 billion. Two of those transactions involve upfront payments exceeding $5 billion each, underscoring the aggressive pace. The deals focus on securing biotech pipelines and specialty drug assets...
Tech Disruptors: Mastercard on Stablecoins and Agentic Commerce
Mastercard is deepening its foray into stablecoin infrastructure, highlighted by a proposed acquisition of BVNK, a firm that provides fiat‑on‑ramp services for digital assets. The move aligns with the company’s broader strategy to embed its trust‑centric network into emerging payment...
McCormick Merges with Unilever's Food Business
McCormick and Unilever have agreed to merge Unilever's food division, creating a combined entity valued at roughly $66 billion. The transaction, slated to close in mid‑2027, gives Unilever shareholders a 55% stake and McCormick shareholders 35%, with Unilever also receiving $15.7 billion...
Zendesk Acquires Forethought
Zendesk announced the acquisition of Forethought, an AI‑agent platform, though financial terms were not disclosed. The deal enables Zendesk to embed self‑improving AI agents across chat, email and voice channels. Customers will soon access the new Forethought AI Agents, which...
Mindspace REIT Buys Chennai Office From Sponsor for ₹2,541 Crore
Mindspace Business Parks REIT announced the acquisition of a 2.6 million sq ft, 12.4‑acre Grade‑A office campus in Chennai for ₹2,541 crore (≈ $310 million). The deal, executed under a right‑of‑first‑offer with sponsor K Raheja Corp, includes a preferential issuance of up to ₹675 crore (≈ $82 million) pending approvals. Once...
McCormick & Co., Unilever Reach Acquisition Agreement
McCormick & Co. announced an agreement to acquire the majority of Unilever’s Food business, creating a combined company with roughly $20 billion in annual sales. Unilever shareholders will receive shares representing 65% of the new entity’s equity, valued at $29.1 billion, plus...
Sennheiser Made My Favourite Headphones for Years –I'm Mourning Its Apparent Demise
Swiss hearing‑aid maker Sonova announced it will discontinue the Sennheiser consumer audio division, signaling a possible exit from the headphone market. The company indicated the brand could be sold if a buyer meets its price expectations, but otherwise will focus...
Aurelius to Sell Airline Catering Business LSG APAC
Aurelius, the private‑equity firm that bought LSG Asia‑Pacific from Deutsche Lufthansa in 2023, announced plans to sell the airline catering subsidiary. The move follows a broader strategy to streamline Aurelius’ portfolio and capitalize on the post‑pandemic recovery in airline services....
SAIL Leadership Buyout Signals New Growth Phase
Canadian outdoor retailer SAIL Outdoors completed a management‑led buyout, placing President Isabelle Lemay, CFO Stefania Cella and VP of Marketing Catherine Venne in majority control, backed by Fonds de solidarité FTQ. The transition follows a 2020 creditor‑protection filing, operational streamlining...
Industry Faces Trickle Down Pivot as Largest Ocean Carriers Continue to Grow
Hapag‑Lloyd is pursuing a takeover of Zim Integrated Shipping Services, a move that would further cement the dominance of the world’s largest ocean carriers. The biggest players are not only expanding fleet size but also buying terminals and building feeder...
Consolidation, Partnerships and Growth: Supplement Industry Deals of Q1 2026
In 2025 the supplement sector experienced a surge of consolidation, with numerous mergers, acquisitions, and strategic alliances reshaping the market. At the same time, consumer preferences shifted toward personalized, convenient self‑care products, prompting brands to launch targeted formulations and messaging....
ArcLight in Deal to Buy 2.2 GW From InfraBridge, Mainly Gas
ArcLight Capital Partners announced a deal to purchase roughly 2.2 GW of primarily gas‑fired power assets from InfraBridge, including a 1,362‑MW stake in the Lackawanna plant and a 584‑MW Canadian facility. The acquisition would lift ArcLight’s PJM Interconnection portfolio from about...
Maven Exits AccessPay to Accel-KKR
Maven Capital has sold its stake in AccessPay to private‑equity firm Accel‑KKR. The transaction values the B2B payments platform at roughly $200 million. AccessPay provides software that links corporate back‑office finance systems directly to banking networks, automating payments and reconciliations. Maven’s...
SAP’s Reltio Acquisition Forces A Choice For CIOs
SAP announced acquisition of Reltio, integrating its master data management platform into SAP Business Data Cloud. The move gives SAP control over the enterprise master data layer, especially for customers with mixed SAP and non‑SAP environments. By embedding Reltio, SAP...
Novisto Acquires Carbon Accounting Software Provider Minimum
Novisto announced the acquisition of Minimum, a London‑based carbon management software provider, to create an end‑to‑end carbon and sustainability platform. Minimum’s Carbon Atlas maps emissions across complex organizational structures, delivering granular carbon intelligence. The deal builds on Novisto’s $27 million financing...
Biogen, with $5.6B Apellis Buy, Builds Out Immunology Offerings
Biogen announced a $5.6 billion cash acquisition of Apellis Pharmaceuticals, paying $41 per share—a 140% premium—and issuing contingent value rights worth up to $4 per share. The deal brings two recently launched products, the eye‑disease therapy Syfovre and the rare‑kidney drug...
Carlyle to Buy Majority Stake in MAI Capital; Investcorp-Backed Resultant Picks up Liberty Advisor Group
Carlyle agreed to buy a majority stake in MAI Capital Management, a private‑credit specialist managing roughly $5 billion of loan assets. Investcorp‑backed Resultant acquired Liberty Advisor Group, a Chicago boutique that advises private‑equity firms and Fortune 500 companies on M&A transactions. Greenbelt...
Closed Loop Partners Acquires Metal Processing Company
Closed Loop Partners, the New York‑based circular‑economy investor, has acquired a majority interest in Sutter Metals, a regional metal‑processing firm operating in Washington state. The partnership will fund expansion of processing capacity, geographic reach, and a buy‑and‑build M&A strategy targeting...
Hellmann's Parent Company to Merge Food Business with McCormick
Unilever PLC announced a definitive agreement to merge its Foods division with McCormick & Co., creating a combined flavor business with roughly $20 billion in FY 2025 revenue. The transaction values Unilever Foods at $44.8 billion, reflecting an EV/Sales multiple of 3.6× and...
Crosschq’s Acquisition of Traitify: This Is Not About Assessments
Crosschq announced the acquisition of Traitify, a visual‑assessment startup, but the deal is not simply about adding new tests to its portfolio. The move is positioned as a strategic step to deepen data‑driven talent analytics and improve candidate engagement. By...
Carlyle to Acquire Majority Stake in MAI Capital
The Carlyle Group announced it will acquire a majority stake in MAI Capital Management for a valuation exceeding $2.8 billion, with the transaction slated to close in the second quarter of 2026. MAI, which oversees more than $72 billion in assets and...
Connoisseur Eyes Market Domination As NRG Preps Lincoln Exit
Connoisseur Media has agreed to purchase six Lincoln-area radio stations from NRG Media, including KBBK, KLIN-AM, KLNC, K233AN, K257GN and KFGE. To complete the acquisition, Connoisseur is seeking an FCC waiver that would allow it to own 11 stations in...
Mirza International Acquires Solethreads to Enter Semi-Premium Footwear Segment
Mirza International has acquired 100% of Gurugram‑based casual‑footwear startup Solethreads, marking its entry into India’s fast‑growing semi‑premium footwear segment. Solethreads, founded in 2020, has raised over $7 million and achieved a monthly run rate of about $638,000, with presence in 600...
IKS Health Acquihires AI Startup ThinkDTM to Transform Patient Access Solutions
IKS Health, a global care‑enablement leader, has acquihired AI‑native startup ThinkDTM, bringing its entire engineering team into the firm. Founder Tij Bedi will join IKS as Executive Vice President and General Manager of Patient Access and Innovation. The new unit...
BNP Paribas’ Scemama: ‘You Can’t Treat the Capital Differently’
BNP Paribas has finalized its acquisition of AXA Investment Managers, creating one of Europe’s largest alternatives platforms. Isabelle Scemama, head of the merged unit, emphasized that harmonising the distinct capital streams of the two firms is now the top priority. The...
U.S. Bank, Mastercard Take Amazon's Small-Business Cards From Amex
U.S. Bank will assume issuance of Amazon’s Business and Business Prime credit cards, with Mastercard serving as the network provider, replacing American Express. The move opens a cross‑sell channel to Amazon’s roughly 1.9 million U.S. small‑business sellers and adds to U.S. Bank’s existing base of...
Egg Power Acquires Chirmorie Wind Project
Egg Power, the renewable arm of Liberty Growth, announced it has acquired the project rights to the Chirmorie Wind Farm in South Ayrshire, Scotland. The deal, the company's fourth UK renewable acquisition, follows a £400 million (≈$508 million) construction‑debt financing facility secured...
Canyon Acquires Columbine Poudre Home Care, Bloom at Home
Colorado-based Canyon Home Care & Hospice announced the acquisition of Columbine Poudre Home Care and its affiliate Bloom at Home, extending its service footprint across northern Colorado. The deal, whose financial terms were not disclosed, brings together two culturally aligned...
Crown Reserve Acquisition Corp. I and Carvix, Inc. Announce Definitive Business Combination Agreement
Crown Reserve Acquisition Corp. I announced a definitive business combination with Carvix, Inc., valuing the automotive‑technology platform at an implied $1 billion enterprise value in an all‑stock deal priced at $10 per share. The transaction hinges on at least $80 million of PIPE...
Sysco Makes a Huge Play for More Local Restaurants
Sysco announced a $29 billion cash‑and‑stock acquisition of Jetro Restaurant Depot, adding a network that serves roughly 725,000 local restaurants. The deal gives Sysco a foothold in the cash‑and‑carry segment, which it currently does not participate in, and is expected to...
In the World of Stripe: Acquisitions, Agentic AI, and Stablecoins
Stripe, now valued at roughly $159 billion after a 74% jump from the prior year, is reportedly in early‑stage talks to acquire PayPal. The potential deal would give Stripe immediate access to PayPal’s 439 million active consumer and merchant accounts and its...
Blackstone Strikes €1bn Sale of Fidere Residential Platform to Brookfield
Blackstone has agreed to sell its Fidere residential platform to Brookfield for €1 billion, roughly $1.08 billion. The deal ends Blackstone’s involvement in one of Spain’s largest private‑rental housing portfolios, which comprises over 10,000 units across major cities. Brookfield gains a strategic...
Eli Lilly to Buy Centessa for $6.3B to Get Sleep Disorder Drug
Eli Lilly announced a $6.3 billion acquisition of Centessa Pharmaceuticals, marking its largest deal in years. The purchase secures Centessa’s orexin‑based insomnia candidate and a pipeline of early‑stage neurological programs. Lilly is channeling cash generated by its GLP‑1 blockbuster drugs into the...
Rsult Group Expands NetSuite Footprint with Cadran and Yuccaa Acquisitions
Rsult Group announced the acquisition of Cadran Consultancy and Yuccaa, bolstering its presence in the Oracle NetSuite ecosystem. The deal merges Cadran’s two‑decade ERP expertise with Yuccaa’s digital‑first consulting, creating a more integrated ERP, data and AI transformation platform. With...
Magnum Ice Cream Completes Acquisition of Stake in Kwality Wall’s
Magnum Ice Cream Netherlands has finalized the purchase of a 61.9% majority stake in Kwality Wall’s (India) Ltd, acquiring 145.44 crore equity shares from Unilever and other outgoing promoters. The deal, rooted in a Share Purchase Agreement signed on June 25 2025, reclassifies...
FTI Handles McCormick's Deal for Unilever Foods
FTI Consulting is handling media for McCormick as it merges with Unilever Foods in a $45 billion transaction. The combined entity will generate roughly $20 billion in annual revenue, anchored by Unilever's Knorr and Hellmann’s brands and McCormick's spice portfolio. McCormick shareholders...
Disney May Be Interested in Acquiring Epic Games at some Point, It’s Claimed
Disney has invested $1.5 billion for an equity stake in Epic Games and is reportedly weighing a full acquisition, though senior executives are split on the idea. The move would extend Disney’s work on a persistent "games and entertainment universe" inside...
Sporticast: Soaking Up the Sun Sale
The Connecticut Sun of the WNBA is being sold for $300 million to Tilman Fertitta, owner of the Houston Rockets, who plans to move the franchise to Houston and resurrect the historic Houston Comets brand. Connecticut officials and fans protested, arguing...
Apollo Nears $10bn Acquisition of KKR’s Atlantic Aviation
Apollo Global Management is close to buying Atlantic Aviation for nearly $10 billion, partnering with Singapore sovereign wealth fund GIC for a majority stake while KKR retains a minority interest. The deal would mark KKR’s exit from the private‑jet services provider...
Nordstrom’s $6.25 Billion Deal to Go Private Is Paying Off—And Don’t Expect an IPO Anytime Soon
Nordstrom completed a $6.25 billion take‑private in 2025, giving the founding family a 50.1% stake alongside Mexico’s El Puerto de Liverpool. In 2025 revenue rose 7% to $15.9 billion, finally surpassing its 2019 peak after pandemic‑related weakness. The private structure lets the co‑CEOs...
Collins Foods Drops Taco Bell, but New Partner Secured
Taco Bell is transferring its Australian franchise from Collins Foods to Restaurant Brands Australia (RBA) under a conditional agreement that awaits regulatory clearance. Collins will continue operating the stores until the handover is complete, while RBA, already running Taco Bell...
Once Worth $3.5B, Rec Room Is Shutting Its Metaverse Down on June 1; Snap Buys some Assets
Seattle‑based Rec Room, once valued at $3.5 billion during the 2021 metaverse boom, announced it will cease operations of its virtual‑world platform on June 1. The decision follows a broader cooling of investor enthusiasm for immersive social gaming and mounting cost pressures....
Major Property Firm Rebrands Following Acquisition
BTG Eddisons Property Auctions has rebranded after acquiring Network Auctions, joining three other firms under a single national brand. The combined group, which includes Pugh, SDL Property Auctions and Mark Jenkinson, sold more than £375 million (≈$480 million) of property and land...
Sun Life Gains Full Ownership of BGO, Crescent Capital; Acquiring Bell Partners
Sun Life announced a series of multi‑billion‑dollar commercial‑real‑estate transactions, acquiring 100% of BGO for $1.16 billion USD and Crescent Capital for $608 million USD. It also agreed to buy Bell Partners, a U.S. multifamily manager with 70,000 apartments, for $350 million USD. The...
Indian Airport Concessions Set to Restart; Bangalore Airport to Join the Fray as a Bidder?
India is preparing the third tranche of airport concessions, targeting smaller regional hubs that will be bundled with larger, more attractive airports to create compelling packages for bidders. The government hopes lessons from the 2006 and 2020‑21 rounds will streamline...