First Gen Deal ‘Poison Pill’ Under Scrutiny
The majority shareholders of Lopez Inc. are challenging a "poison pill" clause embedded in First Gen Corp.'s P62‑billion (~$1.1 billion) hydropower transaction with Prime Infrastructure Capital. The provision would let Prime Infra buy First Gen's 33% stake at a 25% discount, potentially imposing a penalty exceeding P16 billion (~$291 million). The group alleges the deal was hidden under "other matters," not disclosed to the Philippine Stock Exchange, and was approved in a brief one‑hour executive session. The dispute follows a 5‑2 board vote to remove CEO Federico “Piki” Lopez, a decision later blocked by a court order.
Chevron Agrees to Heavy-Oil Asset Swap with Venezuela’s PDVSA
Chevron announced an asset swap with Venezuela’s state oil firm PDVSA, increasing its working interest in the Petroindependencia joint venture to 49%. The deal also grants Chevron’s Petropiar subsidiary rights to develop the Ayacucho 8 heavy‑oil field adjacent to existing assets....
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The Options Clearing Corporation (OCC) announced that Coterra Energy (CTRA) options will be adjusted to new symbols DVN1 and 2DVN1 once the proposed merger with Devon Energy (DVN) closes, expected in Q2 2026. The adjustment changes the contract multiplier from 1...
TruAmerica Obtains Buckhead Apartment Tower At Steep Discount: The Atlanta Deal Sheet
TruAmerica Multifamily acquired The Tower on Piedmont, a 20‑story, 155‑unit apartment tower in Buckhead, for $44.8 M—about a 35% discount to the $69 M price paid in 2021 and far below the $85.8 M 2012 purchase price. The price is only slightly above...
Union Pacific and Norfolk Southern Address Revised Merger Application at NEARS
Union Pacific and Norfolk Southern plan to file a revised $85 billion merger application with the Surface Transportation Board by April 30, after the Board rejected their initial filing for lacking required data. The companies highlighted a $2.1 billion integration budget aimed at...
Rumor Fact(ory): DistroKid Explores $2B Sale
DistroKid, the DIY digital music distributor that claims to handle roughly 40% of new releases and serves over two million artists, is reportedly exploring a sale valued at $2 billion. The company’s last disclosed valuation was $1.3 billion in a 2021 funding...
Stryker to Acquire Amplitude Vascular Systems for Peripheral Vascular Portfolio
Stryker has signed a definitive agreement to acquire Amplitude Vascular Systems, bringing the latter’s intravascular lithotripsy (IVL) technology into its peripheral vascular portfolio. Amplitude’s CO₂‑generated pressure‑wave balloon catheter targets heavily calcified arteries, promising faster, more efficient revascularization. The companies will...
Crypto Wallet Firm Exodus Sues W3C and Its CEO Garth Howat, Seeking to Compel $175M Acquisition
Exodus Movement has filed a lawsuit in the Delaware Court of Chancery to compel W3C and its CEO Garth Howat to complete a $175 million acquisition agreed in November 2025. The complaint alleges that Howat and W3C accepted $80 million in loans...
Cloudcomputing Targets 1.5M Identities in Spain and Finalizes Innovate IT Acquisition
Cloudcomputing, the Portuguese IAM specialist owned by Allurity, announced a push to manage over 1.5 million digital identities in Spain by 2027, backed by a 10% revenue jump in Q1 2026 versus the prior full year. At the same time, it completed...
A Thousand Nos and Two Picassos
The entertainment sector saw several flashpoints on April 13, 2026. A coalition of 1,000 Hollywood creators signed a letter opposing the proposed Paramount‑Warner merger, warning of job cuts and reduced choice. Meanwhile, Canada debated its “Netflix tax” amid U.S. trade tensions, and...
How to Survive the Transition to PE Ownership
The transition to private‑equity ownership forces CFOs to reset expectations, timelines, and the company’s value narrative. Finance leaders like Keith Durden and Connor Augustyn stress adopting an entrepreneurial mindset, building robust KPI reporting, and aligning closely with the PE investment...
Toll Brothers Planning Luxury Residential Development In Cary
Luxury homebuilder Toll Brothers has signed a contract to purchase the 27‑acre Chatham Estates mobile‑home park in Cary, North Carolina. The company filed site plans for a mixed‑use project featuring 97 high‑end townhomes and 330 multifamily apartments, with Kennedy Wilson handling...
The Village at Allen Shopping Center Gets New Owner: The DFW Deal Sheet
Sterling Organization has acquired the 109‑acre Village at Allen shopping center in Allen, Texas, from a DLC Management affiliate. The 851,000 SF retail complex, anchored by Super Target and featuring Dick’s Sporting Goods and multiple TJX stores, was 89% leased at...
Sysco Bets Big on Cash-and-Carry With $29 Billion Restaurant Depot Acquisition
Sysco announced a $29 billion acquisition of Restaurant Depot, the nation’s leading cash‑and‑carry warehouse for independent restaurants. The deal combines Sysco’s delivery‑centric distribution network with Depot’s 160‑plus warehouse locations, expanding Sysco’s reach to operators who prefer in‑person buying. Sysco estimates the...
Merger Takes Interrogate Global
Interrogate, a Westchester‑based production house, has merged with The Sweetshop Global, a New Zealand‑origin firm with six offices spanning Europe, Asia, Australia and a U.S. hub in Santa Monica. Co‑founders Jeff Miller and George Meeker, who have overseen Sweetshop’s U.S. operations since...
Sovereign Partners, HudsonPoint Capital to Buy 575 Fifth Avenue for Roughly $385M
Sovereign Partners and HudsonPoint Capital have signed a contract to acquire the 40‑story 575 Fifth Avenue office tower in Midtown Manhattan for roughly $385 million. The 544,000‑square‑foot building includes about 504,000 sq ft of office space and 40,000 sq ft of retail, currently anchored by...
The End of MultiChoice as We Know It
Six months after Canal+ acquired MultiChoice, the South African pay‑TV giant is being reshaped under CEO David Mignot. A price freeze follows the loss of 2.8 million linear subscribers, and the underperforming Showmax service is being retired. The business now leans...
Mark Anthony Group of Companies Announces Plans to Acquire The Finnish Long Drink
Mark Anthony Group of Companies announced plans to acquire The Finnish Long Drink, a fast‑growing ready‑to‑drink (RTD) brand. The deal builds on Mark Anthony’s existing exclusive distribution partnership in Canada and aims to expand the brand across North America. Co‑founders...
Hapag-Zim Deal Could Ignite Another Merger Wave in Container Shipping
Hapag‑Lloyd announced a $4.2 billion acquisition of Israel’s Zim Integrated Shipping Services, marking the latest push for scale in container shipping. The deal follows a wave of pandemic‑driven consolidations but is driven more by strategic positioning than financial distress. MSC now...
M&A: Denarius Targets Emerita in Spain’s Zinc-Copper Belt
Denarius Metals has tabled a non‑binding all‑share offer for Emerita Resources, pricing the deal at a 15% premium to Emerita’s April 10 close. The transaction would value Emerita between $25 million and $29 million, depending on its fully diluted share count, and...
Goldman CEO: Scale Eclipses Geopolitical Concerns in M&A
Goldman Sachs reported a 19% jump in first‑quarter profit to $5.63 billion, driven by a 22% rise in global banking revenue to $12.74 billion and a 48% surge in investment‑banking fees. CEO David Solomon said the urge to scale through mergers and...
M&A Is Still Forging Ahead in Spite of the Iran Conflict, Goldman's CEO Says — for Now
Goldman Sachs CEO David Solomon told investors that the Iran‑related conflict has not yet slowed the firm’s deal‑making engine. In Q1 the bank posted roughly $17 billion in revenue, with advisory fees jumping 89% year‑over‑year and equities revenue up 27%. The...
Vertiv Acquires Prefab Enclosure Maker BMarko
Vertiv announced the acquisition of BMarko Structures, a South Carolina‑based maker of prefabricated and containerized data‑center enclosures. While financial terms were not disclosed, BMarko brings more than 500,000 sq ft of custom‑engineered modular structures to Vertiv’s Infrastructure Solutions business. The deal is...
TIM Edges Closer to Sparkle Sale
Telecom Italia’s wholesale unit Sparkle is being sold to Italy’s Ministry of Economy and Finance and infrastructure specialist Retelit for roughly €700 million (about $756 million). The European Commission cleared the transaction, stating it poses limited competition risk in cable landing stations,...
Stryker Agrees to Buy Amplitude Vascular Systems for IVL Tech
Stryker announced a definitive agreement to acquire Amplitude Vascular Systems, a specialist in intravascular lithotripsy (IVL) technology, for roughly $1.5 billion in cash. The deal broadens Stryker’s cardiovascular portfolio by adding a catheter platform designed for treating heavily calcified coronary lesions,...
Cisco Eyes Astrix Security To Lock Down AI Agents In Potential $350M Deal: Report
Cisco is in advanced talks to acquire Israeli AI‑agent security startup Astrix Security for a price between $250 million and $350 million. Astrix’s platform safeguards non‑human identities across SaaS, IaaS and PaaS environments, addressing emerging threats as AI agents proliferate. The potential...
Mattress Firm Parent Somnigroup to Buy One of Its Suppliers for $2.5B
Somnigroup International, the parent of Mattress Firm, announced an all‑stock acquisition of longtime supplier Leggett & Platt for roughly $2.5 billion. The deal, approved by both boards, will combine two historic companies into a single entity with 175 manufacturing sites in 36 countries...
Vann York Auto Group Acquires Hyundai, Kia Stores
In March, Vann York Automotive Group bought the Hyundai and Kia dealerships in High Point, North Carolina, expanding its footprint to eight rooftops and 11 franchises. Group president Greg York emphasized that scale improves human‑resources, compliance and finance capabilities, while...
Stryker to Buy Amplitude Vascular Systems
Stryker announced an agreement to acquire Amplitude Vascular Systems, a Boston‑based developer of intravascular lithotripsy (IVL) technology. The Pulse IVL system, which uses carbon‑dioxide‑driven pressure waves to fracture calcified plaque, remains investigational but is expected to clear key markets, strengthening...
Hillman Solutions Acquires Delaney Hardware
Hillman Solutions Corp. announced the acquisition of Delaney Hardware, a U.S. supplier of door and builder's hardware for residential, multifamily and commercial construction. The deal adds a robust pro‑distribution platform and expands Hillman's product categories. Hillman projects more than $10 million...
As Mergers and Acquisitions Soar, Agencies Point to a ‘Fragmented’ Market
Mergers and acquisitions are accelerating across the event‑marketing sector as agencies chase live‑event demand, AI capabilities, and private‑equity backing. Publicis Groupe bought 160over90 to cement a sports‑marketing platform, while Nth Degree merged with INVNT to offer end‑to‑end B2B event services....
Icelandirect Expands CDMO Footprint with SOMA LABS Solid Dosage Acquisition
Icelandirect announced the acquisition of SOMA Labs, a New Jersey‑based solid‑dosage CDMO, expanding its capabilities beyond lipid‑based liquids into powders, tablets, capsules and chewables for both human and pet supplements. The deal doubles Icelandirect’s turnkey offering, allowing customers to source...
MrBeast Acquires Fintech App Step, Targeting 7 Million Young Adult Users
Jimmy Donaldson, known as MrBeast, has purchased the fintech app Step, which serves roughly seven million young adult users. The acquisition integrates Step’s instant payment and budgeting features into MrBeast’s creator ecosystem, enabling fans to tip, buy merch, and earn...
Commvault Explores Sale Amid Private Equity Interest
Commvault Systems, a $3.5 billion data‑protection software firm, is weighing strategic alternatives, including a sale, after receiving interest from private‑equity players and strategic buyers. The company has hired Goldman Sachs to run the process, with Thoma Bravo reportedly re‑engaging after an...
Michael Ovitz Wants Back In. Will Hollywood Have Him?
Michael Ovitz, the former CAA co‑founder who left Hollywood two decades ago, may return as chairman of Universal Music Group if Bill Ackman's $64 bn takeover succeeds. Ackman is offering a 78% premium—$5 per share plus equity—to buy a controlling stake...
Big M&A Deals Roar Back to the Forefront
M&A activity surged in Q1 2026, with 12 mega‑deals worth $10 billion or more—a record for a first quarter and the strongest quarter since 2008. The total value of all transactions reached $438 billion, up 155% from a year earlier, while large...
Dairy Giant Arla Scraps Planned Danish Merger
Arla Foods announced it is abandoning its planned merger with fellow Danish dairy producer Them Mejeri after facing opposition from competition authorities. The two companies had intended to combine operations to form Denmark's second-largest dairy group, targeting significant cost synergies....
AbbVie Enters World of Pain in up to $715M Deal with China’s Haisco
AbbVie has signed an exclusive licensing agreement with China’s Haisco Pharmaceutical Group that could be worth up to $715 million. The deal grants AbbVie rights to a portfolio of pain‑related compounds ranging from preclinical to Phase 1 stages in China. This marks...
OpenGate-Backed S&G Sells Delaney Hardware
OpenGate‑backed private‑equity firm S&G has completed the sale of its portfolio company Delaney Hardware to Hillman Solutions Corp. The transaction, undisclosed financially, transfers ownership of the regional hardware distributor to Hillman, a growing player in the construction‑materials market. The move...
Hungry Private Equity Eyeing up Commvault
Private equity firm Thoma Bravo, among others, is evaluating a bid for data‑protection specialist Commvault, which is currently exploring sale options with Goldman Sachs. The company posted record Q3 FY2026 revenue of $314 million and surpassed $1 billion in annual recurring revenue,...
CIP Sells Summerfield Battery to Palisade
Copenhagen Infrastructure Partners has sold its 100% stake in the 240 MW/960 MWh Summerfield Battery Energy Storage Project near Adelaide to Palisade Investment Partners via Intera Renewables. Construction, which began in February 2025, is now substantially complete, with energisation slated for May 2026 and...
Aksia’s Fornaio Del Casale Strikes Trio of Food Deals
Fornaio del Casale, now owned by private‑equity firm Aksìa, has completed three add‑on acquisitions—Castelfood, Figulì and Dolciaria Ponte Vecchio—creating the new Equipe Del Casale Group. The combined entity will generate roughly €85 million ($99 million) in revenue and is targeting 10% growth...
STG Picks up Freight Management Software Firm Carrier Logistics Inc
STG announced the acquisition of Carrier Logistics Inc., a freight‑management software provider. The deal will embed advanced agentic AI frameworks into CLI’s platform, aiming to automate routing, capacity matching, and real‑time decision making. By combining STG’s capital and market reach...
MusicBird Acquires Catalog of Supertramp Bassist Dougie Thomson
MusicBird, a digital platform for music royalty investments, announced the acquisition of the master royalty income from Dougie Thomson’s recordings with Supertramp. The deal covers iconic tracks such as “Goodbye Stranger” and “Give a Little Bit,” granting MusicBird rights to...
AbbVie Bets on Chinese Biopharma’s Pain Pipeline in $745m Bid
AbbVie has struck a deal worth up to $745 million with Chinese biopharma Haisco, securing development, manufacturing and commercialization rights to several early‑stage pain‑relief compounds outside China, Hong Kong and Macau. The agreement includes a $30 million upfront payment and up to $715 million...
Paramount / Warner Bros. Discovery Merger Inquiry
The UK Competition and Markets Authority (CMA) has opened a Phase 1 invitation to comment on the proposed merger between Paramount Global and Warner Bros. Discovery. The regulator has already received the required pre‑notification documents and is now asking any interested party to...
Radiology Partners Reportedly Eyeing International Expansion
Radiology Partners, the United States' largest radiology group, is reportedly pursuing an acquisition of Australia’s I‑MED Radiology Network, which operates over 240 clinics and generated roughly AU$176 million (about US$116 million) in adjusted earnings last year. The move follows RP’s earlier bid...
ActivumSG Sells Majority Stake in VanWonen to Dutch Investor Consortium
ActivumSG, a Singapore‑based real estate investment manager, is selling a majority stake in Dutch residential platform VanWonen to a consortium of Dutch investors. The firm originally acquired VanWonen in February 2020, adding the landlord’s roughly 5,000 rental units to its...
Louis Roederer Enters Talks for Burgundy Estate
Louis Roederer has entered exclusive talks to acquire Domaine Pierre Damoy, an eight‑hectare Burgundy estate in Gevrey‑Chambertin known for Grand Cru wines. The deal would give the Champagne house access to premier Chambertin, Chambertin‑Clos de Bèze and Chapelle‑Chambertin vineyards. This...
The Pipeline: Gigaclear Lenders’ Haircut, Church Commissioners Expands Timberland Strategy and Blackstone’s Rowan Minority Stake
Lenders have taken control of UK fiber‑optic provider Gigaclear after imposing a substantial debt haircut, effectively reshaping its balance sheet. The Church Commissioners are expanding their timberland portfolio through a value‑add strategy, adding new forest assets to diversify their pension...