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 deal, aiming to broaden its therapeutic reach beyond diabetes and obesity. The transaction also positions the company in the fast‑growing sleep‑disorder market, valued at over $70 billion globally.
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...
Charter Outlines Billing, Community Benefits Post-Merger
The California Public Utilities Commission (CPUC) is the last regulator to approve Charter’s $34.5 billion merger with Cox Communications, and both firms responded with a 55‑page filing covering billing, PEG channels, and broadband deployment. Charter asserts the deal will let Cox...
Boris FX Acquires Vegas Pro, Sound Forge, and Acid Pro
Boris FX announced it has acquired the Vegas Pro, Sound Forge, and Acid Pro suites from MAGIX Software. The deal brings the flagship video‑editing platform and professional audio tools under the Boris FX umbrella, along with the company’s AI engine. The 2026 Vegas Pro release...
Rocket Lab Wins German Approval for Mynaric Deal
Rocket Lab received approval from Germany's Federal Ministry for Economic Affairs and Energy to acquire laser‑communications firm Mynaric for roughly $150 million, clearing the final regulatory hurdle. The approval, announced on March 30, enables the deal to close in April and marks...
Connoisseur Media to Sell Its 4 Topeka Stations
Connoisseur Media announced it will sell its four Topeka radio stations—98.5 KSAJ, 106.9 KTPK, and the AM/FM pair 580/94.5 WIBW—to MSC Radio Group, a Kansas‑Nebraska broadcaster. The transaction, which stems from Connoisseur’s 2025 acquisition of Alpha Media’s Kansas assets, is awaiting FCC clearance...
NBA Board of Governors Approves Sale of Trail Blazers to Investor Group Led by Tom Dundon
The NBA Board of Governors has approved the sale of a controlling interest in the Portland Trail Blazers to an investor group led by Tom Dundon. Dundon will assume the role of the franchise’s Governor, and the transaction is slated...
BGB Group Acquires Hayden Consulting Group to Bolster Market Access and Patient Services
BGB Group announced the acquisition of Hayden Consulting Group, a specialist in market access and patient services, to broaden its Strategic Advisory practice. The deal combines Hayden’s expertise in payer, reimbursement and affordability with BGB’s capabilities across commercial due diligence,...
Tishman Speyer Acquires Central London Office Building in Off-Market Deal
Tishman Speyer has completed an off‑market purchase of a prime office building in central London, underscoring the firm’s aggressive push into Europe’s most resilient commercial market. The transaction, though undisclosed in price, reflects the growing appetite for core assets that...
After Missing Kezar Buyout in 2024, Tang Returns as CEO of Aurinia With $50M Offer
Kevin Tang, newly installed CEO of Aurinia Pharmaceuticals, has revived his bid for Kezar Life Sciences with a $50 million offer of $6.95 per share, roughly matching Kezar’s $47 million market cap. The proposal follows Tang’s earlier, unsuccessful $1.10‑per‑share attempt made through...
ONE Adds to Asian Terminal Holdings with Laem Chabang Deal
Ocean Network Express (ONE) announced the purchase of a 30% stake in Hutchison Laemchabang Terminal Limited, Thailand’s largest marine terminal operator, from Hutchison Ports. The deal’s financial terms were not disclosed. The acquisition adds to a series of recent Asian...
Manulife Selling TCW Tower To LA Water And Power For $93M
Manulife US REIT is selling the 35‑story TCW Tower in downtown Los Angeles to the Los Angeles Department of Water and Power for $92.5 million, roughly $129 per square foot. The 719,000‑sq‑ft office building was only 46% occupied at the end of 2025,...
Potential Employment Red Flags for Mergers and Acquisitions
During M&A due‑diligence, employment practices often surface as hidden liabilities. Common red flags include FLSA misclassifications, unusually high workers‑comp experience modifiers, clusters of employee litigation, ambiguous bonus structures, outdated handbooks, and poorly drafted executive contracts. These issues can delay negotiations,...
Marijuana Farmer Turned Digital Sports Name Soars 922% In March
Urban‑gro, a controlled‑environment agriculture supplier for cannabis, merged with digital sports media firm Flash Sports & Media on February 17, creating Flash Sports & Media Holding. The combined entity secured international cricket broadcasting rights, prompting the stock to jump 416%...
Abu Dhabi Power Play: L’Imad Emerges As $300 Billion Sovereign Force
Abu Dhabi has merged its state‑owned fund ADQ into the newly created sovereign wealth fund L Imad, boosting the latter’s assets to roughly $300 billion. The consolidation places the fund under the direct supervision of Crown Prince Sheikh Khaled bin Mohammed bin...
Mastercard's Pivot: A Bullish Strategic Bet on AI and Data
Mastercard's shares have fallen over 15% year‑to‑date as the company weighs selling its real‑time payments unit, acquired for $3.2 billion in 2019. Meanwhile, its high‑margin Value‑Added Services division posted 22% currency‑neutral revenue growth in Q4, far outpacing the 9% rise in...
Sundance Road Movie ‘Hot Water’ Acquired By Rich Spirit
Rich Spirit has acquired North American rights to Ramzi Bashour’s Sundance debut, the road dramedy “Hot Water.” The film, starring Lubna Azabal, Daniel Zolghadri and Dale Dickey, follows a Lebanese mother and her American son on a cross‑country journey from...
Chart of the Week: Leverage Takeover
The latest LSEG LPC chart shows a decisive shift in middle‑market leveraged‑buyout financing. In 2014 banks supplied roughly 70 % of the capital, but by 2025 their share fell below 30 %, while direct lenders now fund over 60 % of deals. This...
Visa’s Stablecoin Ally Falls for Mastercard
London‑based stablecoin infrastructure firm BVNK, which earlier announced a strategic investment and partnership with Visa to power Visa Direct stablecoin pilots, is being acquired by Mastercard for approximately $1.8 billion. The deal, announced on March 17, marks Mastercard’s biggest bet on on‑chain...
AWL Agri Business Looking to Scale up Acquired Brand Tops Rapidly
AWL Agri Business is accelerating growth of its newly acquired GD Foods brand, Tops, which posted roughly $60 million in revenue after an 80% stake purchase last year. The company plans to double Tops’ topline to about $120 million and eventually push...
Lilly Races to Become First Longevity Big Pharma
Eli Lilly has signed a deal with AI‑focused biotech Insilico Medicine valued up to $2.75 billion, with $115 million paid upfront and the remainder tied to milestones. The agreement grants Lilly an exclusive worldwide license to several preclinical oral candidates and access...
Devon Energy’s Gaspar Sees Good Things Ahead, Stemming From His First Year and the Imminent Merger with Coterra Energy
Devon Energy CEO Clay Gaspar reflected on his first year, highlighting a three‑pillar strategy that sharpened culture, organic growth, and portfolio optimization. He explained that the recently announced merger with Coterra Energy is a strategic fit that delivers scale and operational...
What Is Your Firm Worth?
Accounting firms are seeing valuation methods shift as private‑equity investors push EBITDA‑multiple pricing, with “good” multiples now 5‑7× and “outstanding” 9‑10×. The article outlines how factors such as organic growth, succession planning, industry specialization, and buyer competition influence those multiples....
T&G Global Hires Goldman Sachs to Work on Possible Sale
T&G Global Limited has hired Goldman Sachs to run a sales process as its majority shareholder, Germany's BayWa AG, looks to divest its stake. BayWa, which posted a €1.6 bn (≈$1.86 bn) loss in 2024, announced the intention in December and T&G...
Colorado Public Media Broadcasters Discuss Merger
Two Colorado public‑media stations, Community Radio for Northern Colorado and Rocky Mountain Public Media, are in talks to merge, with plans to centralize operations in Denver while assuring staff no layoffs. The discussion, ongoing since last year, reflects broader financial...
Publishers Acquire Stake in Rock Song at Center of Landmark Termination Rights Case as They Plan to Pursue Supreme Court...
A consortium of music publishers—including Capitol Music Group, Warner‑Tamerlane, BMG Rights Management and Essential Music Publishing—purchased a 25% stake in the song *Double Shot (Of My Baby’s Love)* from Robert Resnik and are moving to substitute themselves as defendants in...
Recent Restaurant Deals Show Where the Industry Is Headed
This week’s restaurant finance briefing highlights recent equity deals for Nothing Bundt Cakes and Dave’s Hot Chicken, signaling a growing investor appetite for niche bakery and fast‑casual concepts. The coverage also notes that rising fuel costs are squeezing full‑service operators,...
Sysco to Acquire Restaurant Depot for $29.1B
Sysco announced a $29.1 billion cash‑and‑stock acquisition of Jetro Restaurant Depot, adding 166 cash‑and‑carry warehouses and access to roughly 725,000 independent restaurants. The deal values Restaurant Depot at a 14.6‑times EBITDA multiple, with shareholders receiving $21.6 billion in cash and 91.5 million Sysco...
GHK Sells ITS Logistics
Chicago‑based Echo Global Logistics announced the acquisition of ITS Logistics from GHK. The deal adds ITS’s technology‑enabled freight brokerage capabilities to Echo’s existing transportation platform. No financial terms were disclosed, but the transaction aligns with Echo’s strategy to broaden its...
TotalEnergies Completes UK Upstream Merger to Form NEO NEXT+
TotalEnergies has merged its U.K. upstream oil and gas assets with NEO NEXT, creating NEO NEXT+ and taking a 47.5% stake. The new entity becomes the largest independent producer on the U.K. Continental Shelf, targeting over 250,000 barrels of oil equivalent per...
Olaplex to Salt & Stone: All the Beauty M&A Deals of 2026 so Far
The first quarter of 2026 has seen a surge in beauty‑industry mergers and acquisitions. Henkel announced the purchase of hair‑care innovator Olaplex, while Estée Lauder Companies completed a full acquisition of Indian luxury brand Forest Essentials. Private‑equity firms are deepening...
The Pipeline: Global Summit Ends, Infra Healthier than PE, Brookfield’s Boralex Take-Private
The Global Infrastructure Summit concluded, underscoring strong investor appetite for core infrastructure assets. Analysts noted that the sector’s financing metrics and pipeline quality are outperforming private‑equity‑backed projects. Brookfield Asset Management announced a $6.5 billion take‑private of Canadian renewable power producer Boralex,...
Process Begins for Sale of Rail Logistics Europe Stake
SNCF is advancing the sale of up to 49 % of Rail Logistics Europe (RLE), valued at roughly €800 million (about $860 million), with Lazard and Indosuez handling the process. The stake covers six freight subsidiaries and is slated for completion by 2027....
Unity Sees Growth in Engine Revenue, Shuts Down IronSource Ad Network in Favour of Vector AI User-Acquisition Platform
Unity announced it will shut down the IronSource advertising and user‑acquisition network on April 30, 2026 and will divest its Supersonic publishing arm. The move is framed as a simplification effort that lets the company double‑down on its AI‑driven ad platform, Vector,...
Something of a Shopping Spree: Novartis to Acquire US-Based Excellergy for up to $2bn
Novartis announced a deal to acquire California‑based Excellergy for up to $2 bn, securing the Phase I antibody Exl‑111 that targets both free and cell‑bound IgE. The acquisition bolsters Novartis’ allergy pipeline, positioning the drug as a next‑generation complement to its existing...
Due-Diligence Gaps Fuel Uptick in M&A Disputes in 2025 – Survey
A BRG survey of over 200 deal professionals found that 46% of M&A disputes in 2025 stemmed from due‑diligence gaps, the highest level since the study began. Earn‑out disagreements surged to 35%, up 11 points, while purchase‑price allocation issues fell...
Mega Deals Power Sullivan & Cromwell and Wachtell to Summit of Global Q1 M&A Ranking
Sullivan & Cromwell topped the global M&A legal‑advisor rankings for Q1, handling 36 transactions worth just under $178 bn—about 18% more than runner‑up Wachtell, which closed 23 deals for $149.6 bn. Their lead was boosted by advising OpenAI on a $110 bn equity raise...
Paul Weiss, Jones Day, Wachtell, Macfarlanes Advise on Sysco’s $29bn Purchase of Restaurant Depot
Sysco is acquiring Jetro Restaurant Depot in a deal valued at roughly $29 bn, advised by Paul Weiss, Jones Day, Wachtell and Macfarlanes. The transaction provides $21.6 bn in cash and 91.5 million Sysco shares priced at $81.80, yielding an enterprise value of...
Phreesia Inc (PHR) Q4 2026 Earnings Call Transcript
Phreesia reported Q4 FY2026 revenue of $117.3 million, up 15% YoY, and posted its first GAAP net‑income positive quarter at $0.7 million. The company announced a definitive agreement to acquire AccessOne for $160 million in cash, a deal expected to add $35 million of...