Pharma and Biotech M&As 2026 Deal Watcher
The pharma and biotech sector kicked off 2026 with a wave of high‑value mergers, building on a record‑setting 2025 that saw roughly $240 billion in deal value. Notable transactions include Angelini’s $4.1 billion acquisition of Catalyst to enter the U.S. rare‑disease market, Roche’s up‑to‑$1.05 billion purchase of AI‑diagnostics firm PathAI, and Eli Lilly’s $7 billion buy of Kelonia to develop in‑vivo CAR‑T therapies. Other deals span ophthalmology (Bayer‑Perfuse), women’s health and biosimilars (Sun‑Organon), and AI‑driven oncology platforms (UCB‑Candid). The flurry reflects companies’ attempts to plug pipeline gaps, leverage emerging technologies, and capture growth in specialty therapeutic areas.
Equity Residential to Acquire AvalonBay Communities for $34.91 Billion
Equity Residential announced a definitive all‑stock merger to acquire AvalonBay Communities for $34.91 billion, the largest multifamily REIT combination to date. AvalonBay shareholders will receive 2.793 Equity Residential shares per AvalonBay share, valuing each at $185.12 and giving them a 51.2%...
Deal Lawyers Download Podcast: SRS Acquiom Annual M&A Deal Terms Study
The Deal Lawyers Download Podcast featured Kip Wallen discussing SRS Acquiom’s 2026 M&A Deal Terms Study. In a 20‑minute episode, the hosts highlighted emerging patterns such as the rise of “jumbo” transactions, evolving earnout structures, and shifts in purchase‑price adjustments....
The Wolf of Broad Street
James Murdoch announced a $300 million-plus acquisition of New York, the Vox Media Podcast Network, and Vox.com, creating a new Vox Media subsidiary under his Lupa Systems vehicle. The deal keeps current CEO Jim Bankoff at the helm to guide the integration. This...
Top 3 SPAC Targets – EV Makers
The SPAC market is heating up as three EV makers emerge as prime targets: Slate, Longbow Motors, and Jaguar Land Rover. Slate, backed by Jeff Bezos, plans a sub‑$20,000 pickup after raising roughly $2.05 billion. Longbow is launching ultra‑light, two‑seat sportscars...
Kone’s Acquisition of TK Elevator: Private Equity Cashes Out as 3D Printing Gets a Lift
Finland‑based Kone announced a €29.4 bn ($34.4 bn) acquisition of Germany’s TK Elevator, creating the world’s largest elevator manufacturer. The transaction gives private‑equity owners Advent International and Cinven a near‑double return, exiting at roughly $20 bn after six years. Kone projects about €700 m...
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DealRoom Launches the Only MCP Built for Buyer-Led M&A™ so M&A Teams Can Work Faster, Analyze Smarter, and Close Better...
DealRoom announced the launch of DealRoom MCP, a Model Context Protocol‑based connector that lets AI engines such as OpenAI’s ChatGPT, Anthropic’s Claude and Microsoft Copilot read and write live deal data inside the platform. The private‑beta solution removes the need...
DCC Plc Update – Starting the “Intertek Dance” ?
Two weeks after a £58 ($74) per‑share bid from KKR on DCC Plc was deemed too low, Bloomberg and Reuters report that KKR and its partner are preparing a sweetened offer. The situation mirrors a recent "dance" at Intertek Plc,...
Monacum Partners Acquires Everllence’s DWE Reactor Manufacturing Business
Monacum Partners GmbH has completed the acquisition of Everllence SE’s DWE reactor and apparatus manufacturing business in Deggendorf, Germany. The deal, finalized after an investor process launched in September 2025, received all regulatory approvals; financial terms were not disclosed. DWE,...
How Two Dirty Words Helped This Brand Hit Bingo
The first half of 2026 has seen a record‑fast wave of mergers and acquisitions across the beverage‑alcohol sector, from craft breweries to ready‑to‑drink (RTD) cocktails. Amid the headline‑grabbing deals, a modestly sized brand with a two‑word name was snapped up...
Everest Advances Strategic Overhaul with AIG Colombia Deal
Everest, the Bermuda‑based reinsurer, agreed to sell its Colombian insurer, Everest Compañía de Seguros Generales Colombia, to AIG. The transaction, slated to close in early 2027, follows earlier sales of its commercial‑retail renewal rights and Canadian retail operations to AIG....
Everlane and Shein Lol
Everlane, the San‑Francisco‑based direct‑to‑consumer basics label, is being sold to fast‑fashion giant Shein for a reported $100 million. The transaction clears roughly $90 million of debt, comprising a $25 million loan and a $65 million revolving credit facility. The deal, approved by Everlane’s board,...
Anglo Exits Australian Steelmaking Coal for up to $3.9B
Anglo American has agreed to sell its entire Australian steelmaking coal portfolio to UK‑based Dhilmar Limited for up to $3.875 billion. The transaction values the assets at a price‑to‑last‑value breakeven of $295 per tonne, roughly 25% above current market levels. The...
CopperPoint to Acquire General Indemnity Group in Nationwide Surety Expansion
CopperPoint Insurance Company announced a definitive agreement to acquire General Indemnity Group (GIG) from Boston Omaha, adding United Casualty & Surety, BOSS Bonds, and the SuretyBonds.Market technology platform. The deal marks CopperPoint’s third acquisition in ten years and expands its...
NextEra Energy to Acquire Dominion Energy for $130 Billion
NextEra Energy announced a $130 billion agreement to acquire Dominion Energy, creating one of the largest U.S. utility operators. Dominion shareholders will receive 0.8138 NextEra shares per Dominion share, a $75.98 per‑share premium of 23.75%, plus a $360 million cash payment at...
Everpure Completed the Acquisition of 1touch, Extending Data Management Roadmap
Everpure, the rebranded Pure Storage, announced the completion of its acquisition of 1touch, a specialist in data intelligence and orchestration. The deal expands Everpure's portfolio with AI‑driven data management tools and aligns with its roadmap to deliver fully contextual, intelligent...
After BuzzFeed, Byron Allen Sets His Sights on Starz – Merger Arbitrage Mondays
Byron Allen’s investment firm, Allen Family Capital, purchased a 10.7% stake in Starz for roughly $25 million, prompting the streaming company to adopt a poison‑pill rights plan that activates at 17.5% ownership. Allen, fresh from acquiring a 52% controlling stake in...
ZIM Deal Shock: Is $4.5B Too Late?
ZIM Integrated Shipping Services’ proposed sale to Hapag‑Lloyd/FIMI appeared finalized after 97% shareholder approval and a binding agreement. However, a consortium led by Haim Sakal surfaced with a $4.5 billion cash offer—roughly $300 million above the agreed price—plus a $250 million employee bonus...
McDermott Will & Schulte Advises Amulet Capital Partners on Acquisition of TFP Fertility Group
Amulet Capital Partners, a healthcare‑focused private equity firm, is buying TFP Fertility Group, a leading fertility provider in the UK and Northern Europe, from Benefit Street Partners. The acquisition was announced on May 7, with financial terms not disclosed. McDermott Will...
Mann Lake Acquires Apis Biologix to Integrate Pioneering Bee Nutrition Science Into Global Beekeeping Supply Platform
Mann Lake Ltd., the world’s largest beekeeping supply manufacturer, announced the acquisition of Apis Biologix, the creator of the Bio‑Activator and BIO‑Metabolic‑Fuel nutritional supplements. The deal brings Apis Biologix’s proprietary bee‑nutrition science fully in‑house, allowing Mann Lake to deepen R&D...
American Express Acquires Expense Management Company Hyper
American Express has completed the acquisition of Hyper, a cloud‑based expense‑management platform known for automated receipt capture and policy‑driven workflows. The deal is positioned to fuse Hyper’s spend‑tracking capabilities with AmEx’s corporate‑card ecosystem, creating a unified end‑to‑end solution for enterprise...
How to Write a Perfect M&A Information Memorandum (Guide)
The information memorandum (IM) is the cornerstone document sellers use to market a business in an M&A transaction. It must be well‑written, professionally presented, informative, transparent, and realistic to attract qualified buyers. Larger firms often hire investment banks or legal...
The Flattery Trap: Why Unsolicited Offers Rarely Deliver What Business Owners Deserve
The guest post from Aberdeen Advisors warns that unsolicited M&A offers often trap business owners by anchoring negotiations and limiting leverage. It explains that strategic buyers use direct outreach to control the process before owners can benchmark their value. A...
![[Acquisition Completed] Allegiant & Sun Country Announce Plan To Merge In $1.5 Billion Deal](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://www.doctorofcredit.com/wp-content/uploads/2016/01/bofa-allegiant-air.png)
[Acquisition Completed] Allegiant & Sun Country Announce Plan To Merge In $1.5 Billion Deal
Allegiant Air has completed a $1.5 billion acquisition of Sun Country Airlines, creating the largest U.S. leisure‑focused carrier. The deal values Sun Country at $18.89 per share, paid with a mix of cash and Allegiant stock (0.1557 shares per Sun Country...
Xpeng in Talks to Buy VW Plant for Europe Expansion
Xpeng (NYSE:XPEV) is in advanced talks with Volkswagen to acquire a European manufacturing plant as it seeks to scale beyond its contract‑produced capacity at Magna Steyr in Austria. The Chinese EV maker’s exports surged 62% in April, reaching 6,006 vehicles, underscoring...
BYD in Talks with Stellantis and Other Carmakers to Take over Underutilized European Factories
BYD is in talks with Stellantis and other European automakers to acquire under‑utilized factories, especially in Italy and Spain. The company prefers sole ownership rather than joint ventures, aiming to quickly expand its European production base. The discussions coincide with...
Brookfield Bancshares to Acquire NSTS Bancorp for $73.7 Million
Brookfield Bancshares announced a definitive agreement to acquire NSTS Bancorp for $73.7 million, paying $14.28 per share—a 12.9% premium to the prior close. NSTS, the holding company of North Shore Trust and Savings, brings $266.6 million in assets and a portfolio of...
Wednesday Briefing: Sergio Ramos-Led Group Reach €444 Million Sevilla Acquisition Agreement
A consortium fronted by former Real Madrid defender Sergio Ramos has reached a €444 million (≈$475 million) agreement in principle to acquire LaLiga club Sevilla. The group, backed by investment fund Five Eleven, entered a three‑month exclusivity period in January and completed...
White & Case Discusses Regulatory Termination Fee Insurance
White & Case outlines the rise of regulatory termination fee (RTF) insurance, a new product that lets buyers shift all or part of their RTF liability to an insurer. Premiums typically run 0.15%‑1.6% of the target’s enterprise value, and insurers...
Dream Finders & Beazer Homes
Dream Finders disclosed a cash offer of $25.75 per share to acquire Beazer Homes, prompting Beazer’s stock to jump from $19 to $25. The target’s management rejected the proposal, citing a book value above $40 per share. The rebuff underscores...
Lufthansa Buys Another 49 Percent of ITA
Lufthansa Group announced it will exercise its call option in June to acquire an additional 49% stake in Italy’s flag carrier ITA Airways, raising its ownership to 90%. The €325 million (~$358 million) transaction is slated for completion in the first quarter...
Telenor, Verdane Partner to Build a Global IoT Leader
Telenor has teamed with private‑equity firm Verdane to take joint ownership of its IoT arm, Telenor Connexion, in a deal that values the business at roughly $675 million. The partnership aims to leverage Verdane’s growth capital and transaction expertise while preserving...
Blackstone’s $1 Billion “Behind-the-Meter” Play: AI Data Centers, Power Scarcity, and the New Infrastructure Arms Race:
Blackstone Tactical Opportunities and Halliburton are investing $1 billion in VoltaGrid, a fast‑growing distributed‑power firm. The deal includes a $775 million capital raise and a $225 million secondary purchase, slated to close mid‑2026. VoltaGrid will use the funds to expand behind‑the‑meter generation for...
Financial Due Diligence: 7 Workstreams + 50-Item Checklist
Financial due diligence (FDD) is a buy‑side review that validates earnings, cash flow, working capital and balance‑sheet health before an acquisition closes, delivering an adjusted EBITDA bridge, net working‑capital peg and risk register. The process is organized into seven workstreams—Quality...
Payward (Kraken) Acquires Reap
Payward, the parent of Kraken, agreed to acquire Hong Kong‑based payments platform Reap for up to $600 million. Reap provides a single API that links card networks, traditional banking rails and blockchain settlement, giving Payward an instant foothold in the emerging...
Biggest Conglomerate Mergers in History (+ 2026 List)
The article lists the ten largest historic conglomerate mergers, totaling over $211 B, highlighted by Berkshire Hathaway’s $37 B purchase of Precision Castparts in 2015. It also ranks the biggest conglomerates by Q1 2026 market capitalization, with Microsoft at $3.10 T and Alphabet at...
15 Biggest M&A Failures of All Time (Updated 2026)
A new analysis ranks the 15 biggest M&A failures, which together wiped out more than $400 billion in shareholder value. The list is led by the $65 billion AOL‑Time Warner merger and includes high‑profile deals such as Daimler‑Chrysler, Sprint‑Nextel, HP‑Compaq and the...
“Enduring Power of Great Music” On Display as Sony Gobbles up the Former Hipgnosis Business in $4 Billion Deal
Sony Music Publishing has completed a deal to acquire the entire music‑rights portfolio of Recognition Music Group, the Blackstone‑owned successor to Hipgnosis. The transaction covers more than 45,000 songs by artists such as Beyoncé, Lady Gaga and Mariah Carey and is estimated...
GameStop’s Unusual and Complex Bid for eBay – The Special Situations Report Episode 66
Episode 66 of the Special Situations Report podcast dives into four headline‑making deals. The most eye‑catching is GameStop’s unexpected all‑cash bid to acquire eBay, a move that could reshape two struggling retailers. The show also examines an Italian conglomerate’s purchase...
“Twiggy” Pulling Out of Rare Earths? The Real Story Is Much Bigger.
Wyloo Metals, the private vehicle of mining magnate Andrew Forrest, has not abandoned the Yangibana rare‑earths project but has shifted from financing partner to 60% owner and operator. The firm recently sold its Neo Performance Materials shares for roughly C$165.5 million...
Cognesense Buys Pyroban, Pyropress, Ex-Tech, Petrel and Ex Solutions
Cognesense announced the acquisition of five UK‑based firms—Pyroban, Pyropress, Ex‑tech, Petrel and Ex Solutions—adding ATEX and IECEx‑certified explosion‑protection capabilities to its portfolio. The purchases integrate with existing divisions such as Varec and L&J Technologies, preserving all customer contacts, products and...
Apollo Funds to Acquire Emerald and Questex, Combine Companies
Apollo’s private‑equity funds have agreed to acquire Emerald Holding in an all‑cash deal valuing the company at roughly $1.5 billion, with shareholders receiving $5.03 per share, a 42.1% premium. The transaction also brings Questex into the fold, though its purchase price...
Apollo Funds to Acquire Emerald for $1.5 Billion
Apollo Funds announced a merger agreement to acquire Emerald Holding and its subsidiary Questex for $1.5 billion, offering $5.03 per Emerald share—a 10.07% premium to the prior close. The deal values Emerald at 11.36 times EBITDA, reflecting a robust multiple for a...
Sango Capital Closes $120m Secondary Transaction
Sango Capital closed a secondary transaction acquiring over $120 million net asset value across four African funds from an institutional investor rebalancing its global portfolio. The deal was financed with Sango’s own capital and additional commitments from commercial investors, including first‑time...
InsideArbitrage Event Driven Monitor – May 11, 2026
The May 11 InsideArbitrage roundup highlights several high‑profile merger arbitrage moves, including Two Harbors raising its cash offer to $12 per share for CrossCountry Mortgage and SkyWater shareholders approving a merger with quantum‑computing firm IonQ. Deal completions this week feature General...
Lachy Groom’s Investment Vehicle Leads $20M Investment in Indian Home Services Startup Pronto
Australian entrepreneur Lachy Groom’s family office led a $20 million extension of Pronto’s Series B round, bringing total financing to $45 million and doubling the Bengaluru‑based home‑services platform’s valuation to $200 million. The new capital will fund geographic expansion and the rollout of additional...
RWI: Who Pays the Premium & Retention?
Gallagher’s latest RWI market study shows a clear shift in premium responsibility from sellers to buyers since 2018. By 2021 split‑premium deals vanished, and buyers now shoulder most premiums, with sellers paying only about 17 % of policies in 2025. The...
$LBTYK: Can Liberty Global Finally Spin to Win? | Stock Spin-Off Investing's Rich Howe
Rich Howe of Stock Spin‑Off Investing argues that Liberty Global (LBTYK) is cheap on a sum‑of‑parts basis and stands to unlock value through an imminent Ziggo spin‑off and a little‑known venture portfolio. He contends the spin will crystallize cash‑flow and...
Anthropic Just Weaponized the Palantir Model. The Entire Services Industry Is Now in the Crosshairs.
Anthropic announced a $1.5 billion joint venture with Blackstone, Hellman & Friedman and Goldman Sachs to launch an AI‑native enterprise services firm. The venture, backed by additional investors such as General Atlantic and GIC, will embed Anthropic engineers and models directly into mid‑size companies,...
GameStop: The Robin Report Retail Miss of the Week, 05. 9. 2026
Ryan Cohen, the CEO of GameStop, has floated an audacious plan to acquire eBay for roughly $9.4 billion in cash and up to $20 billion of debt financing. The proposal would see a retailer three times smaller than eBay attempt a deal...