Blog•Feb 26, 2026
Toyota Moves to Unwind $19bn in Cross-Shareholdings Amid Reform Drive
Toyota announced a plan to unwind roughly $19 billion of cross‑shareholdings, accelerating a reform agenda launched in 2024. The divestment could expand if more shareholders participate, and Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group are set to sell about ¥1.32 trillion of Toyota stock. The move aligns with a pending revision of Japan’s Corporate Governance Code and comes as Toyota’s bid to privatise Toyota Industries faces resistance from activist Elliott Management. The unwind highlights the scale of Japan’s push to simplify conglomerate ownership structures.
By Private Equity Insights (Substack)
Blog•Feb 26, 2026
Remarks by Commissioner Peirce on Private Secondaries in Capital Markets
Commissioner Hester Peirce highlighted the rapid expansion of private secondary markets, which grew from $162 billion in 2024 to $240 billion in 2025. She warned that this liquidity surge may lessen companies’ incentives to pursue initial public offerings, potentially reshaping capital formation...
By Harvard Law School Forum on Corporate Governance
Blog•Feb 26, 2026
Arcmont Secures $1.62bn for Complex European Private Credit Strategy
Arcmont has closed a €1.62 billion raise for its second Capital Solutions fund, a vehicle aimed at complex European private‑credit opportunities. Launched in 2020, the strategy has already deployed nearly €2 billion across more than 50 transactions, focusing on junior capital, market...
By Private Equity Insights (Substack)
Blog•Feb 26, 2026
TRG Latin America Acquisitions Corp. (TRGSU) Prices $200M IPO
TRG Latin America Acquisitions Corp. priced its $200 million initial public offering, with units slated to trade on Nasdaq under the ticker TRGSU on February 26, 2026. The SPAC, sponsored by CEO Nicolas Rohatyn and CFO Miguel Gutierrez, will seek a merger with...
By SPACInsider
Blog•Feb 26, 2026
APEX Tech Acquisition Inc. (TRAD.U) Prices $100M IPO
APEX Tech Acquisition Inc. priced a $100 million initial public offering and will begin trading on the NYSE under the symbol TRAD.U on February 26, 2026. The SPAC, led by CEO Shaoren Liu and a board that includes Zengwei Gao, Jiancheng Li and...
By SPACInsider
Blog•Feb 25, 2026
Fortress Value Acquisition Corp. V (FVAV) Prices $250M IPO
Fortress Value Acquisition Corp. V announced pricing of its $250 million initial public offering and will begin trading on Nasdaq under the ticker FVAV on February 26, 2026. The SPAC, led by Chairman Andrew A. McKnight and co‑CEOs Andrew Stroud and Micah Kaplan,...
By SPACInsider
Blog•Feb 25, 2026
Blackstone and Centerbridge Among Bidders Circling $1bn MarineMax Opportunity
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,...
By Private Equity Insights (Substack)
Blog•Feb 25, 2026
Valuation Differences Halt EQT’s Oxford Biomedica Takeover Push
EQT presented two cash offers and an unlisted‑share alternative to Oxford Biomedica, but the biotech’s board deemed each proposal undervalued and declined further talks. The earlier strategic interest had pushed Oxford Biomedica’s stock to its highest level since 2022, yet...
By Private Equity Insights (Substack)
Blog•Feb 25, 2026
Novacap Closes $3.8bn Tech Fund VII, Surpassing Target by over $1bn
Novacap announced the closing of its seventh technology fund at $3.8 billion, surpassing its original target by more than $1 billion. The fund, the firm’s largest to date, lifts total assets under management above $12 billion. It will focus on middle‑market North American...
By Private Equity Insights (Substack)
Blog•Feb 25, 2026
L Catterton Partner Todd Bartee Takes Helm at Tonal as Private Equity Reshapes Connected Fitness
L Catterton operating partner Todd Bartee has been appointed CEO of Tonal, succeeding Darren MacDonald after just 17 months. Tonal, the AI‑driven home strength‑training system, now counts over 175,000 members who have collectively lifted more than 235 billion pounds. L Catterton,...
By Private Equity Insights (Substack)
Blog•Feb 25, 2026
Podcast REPLAY: D-Wave (QBTS), SPACs, and the Quantum Revival
Quantum computing has become a top‑performing de‑SPAC sector, driven by SPAC listings that fast‑tracked capital to the industry. After a bearish period in 2021‑22, recent hardware and algorithmic breakthroughs revived investor enthusiasm. The podcast revisits a February 2025 interview with D‑Wave...
By SPACInsider
Blog•Feb 25, 2026
BTG Funds to Invest $1.05bn in Raízen as Shell and Cosan Advance Recap Plan
BTG‑managed funds have pledged roughly $1.05 billion to support Raízen’s restructuring, joining Shell and Cosan in a multi‑billion‑realignment of Brazil’s largest downstream fuel distributor. The plan separates Raízen Energia’s sugar‑ethanol arm from its fuel‑distribution business and converts about 35% of existing...
By Private Equity Insights (Substack)
Blog•Feb 25, 2026
CVC-Owned Syntegon Raises $1.89bn Debt to Fund $648m Shareholder Dividend
German packaging machinery maker Syntegon, owned by CVC Capital Partners, secured $1.89 billion of new debt to fund a $648 million shareholder dividend. The refinancing extended its institutional leveraged loans by four years and increased their size to cover the payout, supplementing...
By Private Equity Insights (Substack)
Blog•Feb 25, 2026
One River Expands to $3bn AUM with Acquisition of LGT Capital Quant Arm
One River Management is acquiring LGT Capital’s quantitative investment solutions arm, adding an eight‑person systematic team, new rule‑based strategies, and roughly $1 billion in assets. The transaction lifts One River’s assets under management to about $3 billion and will create One River...
By Private Equity Insights (Substack)
Blog•Feb 25, 2026
General Atlantic Tests $550bn ByteDance Valuation in Secondary Stake Sale
General Atlantic is testing a $550 billion valuation for ByteDance in a secondary stake sale, marking a 66% jump from the $330 billion employee buyback last year and a 15% rise from the November trade. The transaction would be the first major...
By Private Equity Insights (Substack)
Blog•Feb 25, 2026
Boaz Weinstein’s Saba Capital Targets Blue Owl Funds:
Boaz Weinstein’s Saba Capital, together with Cox Capital, launched tender offers for three Blue Owl semi‑liquid private‑credit funds, proposing cash exits at a 20%‑35% discount to NAV. The move follows Blue Owl’s recent shift from quarterly redemptions to episodic capital...
By HedgeCo.net – Blogs
Blog•Feb 25, 2026
Gibson Dunn Discusses CFIUS’ Known Investor Program
On February 6, 2026, CFIUS issued a request for information (RFI) to refine its Known Investor Program (KIP), a fast‑track review mechanism for repeat foreign investors in U.S. advanced‑technology sectors. The RFI outlines eligibility thresholds—at least three covered filings in...
By CLS Blue Sky Blog (Columbia Law School)
Blog•Feb 25, 2026
MOZAYYX Acquisition Corp. (MZYX.U) Prices Upsized $261M IPO
MOZAYYX Acquisition Corp. priced an upsized $261 million IPO, with units slated to begin trading on the NYSE under the ticker MZYX.U on February 25, 2026. The SPAC, led by CEO and CFO Benjamin Zucker, will seek a merger in high‑growth sectors such...
By SPACInsider
Blog•Feb 24, 2026
Private Equity Triples London Office Footprint with $1.68bn Retrofit Push
Private equity firms poured $1.68 billion into London office retrofits last year, more than triple the 2022 spend. The surge is driven by looming UK energy‑efficiency regulations that could render 76% of central‑London towers obsolete. Blackstone, Brookfield, DWS, Hines and Henderson Park...
By Private Equity Insights (Substack)
Blog•Feb 24, 2026
Gencom Accelerates New York Hotel Buying Spree with Family Office Backing
Miami‑based real‑estate investor Gencom has added two luxury Manhattan hotels to its portfolio, acquiring the InterContinental New York Times Square in December and the Ritz‑Carlton earlier this month. Both purchases were largely financed by family‑office capital after Gencom partnered with...
By Private Equity Insights (Substack)
Blog•Feb 24, 2026
PIF Unit Jada to Ramp up Private Credit as Stride Targets $200m Saudi Deployment
Saudi sovereign wealth fund unit Jada is expanding its private‑credit footprint, partnering with India‑based Stride Ventures to deploy $200 million in the kingdom over the next two years. The initiative targets small‑ and medium‑sized enterprises as local banks curb new lending....
By Private Equity Insights (Substack)
Blog•Feb 24, 2026
KKR Lines up $1bn IPO Exit for Global Medical Response
Kohlberg Kravis Roberts (KKR) is preparing a roughly $1 billion initial public offering for its emergency‑medical services platform, Global Medical Response (GMR). The deal will be underwritten by JPMorgan Chase and Bank of America, with Barclays and Goldman Sachs also advising....
By Private Equity Insights (Substack)
Blog•Feb 24, 2026
CECO Environmental to Acquire Thermon Group for $2.2 Billion
CECO Environmental Corp. announced a $2.2 billion merger agreement to acquire Thermon Group Holdings, offering shareholders a choice of mixed cash‑stock, all‑cash, or all‑stock consideration. The all‑cash option represents a 28.37% premium over Thermon's last closing price, valuing the target at...
By Inside Arbitrage – Blog
Blog•Feb 24, 2026
Bain and Lone Star Advance in $1.9bn Bid Race for Mitsubishi Electric Auto Unit
Bain Capital and Lone Star have moved to the front of a roughly $1.9 billion bid for Mitsubishi Electric’s automotive components unit, which makes inverters, motors, navigation and in‑car entertainment for hybrid and electric vehicles. The carve‑out is part of Mitsubishi’s...
By Private Equity Insights (Substack)
Blog•Feb 24, 2026
Rule 14a-8 Shareholder Proposals: Proponents Are Litigating Exclusion Decisions
Three shareholder‑proponent lawsuits have been filed this week, marking the first challenges under the SEC’s revised Rule 14a‑8 no‑action letter process for 2026. The cases target AT&T’s exclusion of an EEO‑1 diversity disclosure, Axon’s exclusion of a political‑spending proposal, and...
By The CorporateCounsel.net Blog
Blog•Feb 24, 2026
Women Governance Trailblazers: Jen Sisson
The Women Governance Trailblazers podcast released a 31‑minute interview with Jen Sisson, CEO of the International Corporate Governance Network (ICGN). The conversation covered ICGN’s mission, its member base, and current initiatives, as well as the challenge of aligning global governance...
By The CorporateCounsel.net Blog
Blog•Feb 24, 2026
Shareholder Activism: Trends to Consider
Shareholder activists increasingly target CEO turnover as a catalyst for change, with 18% of U.S. campaigns launched after a CEO change—a 38% rise over the four‑year average. 2025 saw a record 32 activist‑driven CEO resignations, a 60% increase, including 16%...
By Governance Beat (Cooley)
Blog•Feb 24, 2026
OMERS Reports $8.2bn Net Income in 2025 as Private Equity Lags Broader Portfolio
OMERS reported a record $8.2 bn net income for 2025, lifting its smoothed funded status to 99% from 98% the prior year. Strong public market performance drove a 12.3% gain in equities, while private credit, infrastructure and real estate also posted...
By Private Equity Insights (Substack)
Blog•Feb 24, 2026
ClearThink 1 Acquisition Corp. (CTAAU) Prices $125M IPO
ClearThink 1 Acquisition Corp. priced its $125 million initial public offering on February 24, 2026, with units slated to trade on Nasdaq under the ticker CTAAU. The SPAC is focused on merging with a financial‑services company operating in the United States and...
By SPACInsider
Blog•Feb 23, 2026
Top Private Equity News of the Week
The Indian Premier League (IPL) is now a hot private‑equity target, with KKR, Blackstone, Partners Group and CVC eyeing franchise stakes after its valuation rose to $18.5 billion and media rights topped $6 billion. In Mumbai, renewable‑energy firm Clean Max Enviro Energy...
By Private Equity Insights (Substack)
Blog•Feb 23, 2026
KKR Tests Software Market with Potential $1.5bn BMC Helix Sale
Kohlberg Kravis Roberts (KKR) is exploring a sale of BMC Helix, the cloud‑based IT service platform it spun out from BMC Software in 2025. The business generates roughly $150 million in EBITDA and $750 million in annual recurring revenue, suggesting a potential...
By Private Equity Insights (Substack)
Blog•Feb 23, 2026
Converts: PIPE and Pre-IPO Considerations
A recent Cleary memo highlights a surge in convertible‑note issuances driven by the AI boom, with private‑placement (PIPE) and pre‑IPO converts adopting highly customized terms. Features now include governance and consent rights, guarantees, financial covenants, prepayment provisions, anti‑dilution ratchets, equity...
By The CorporateCounsel.net Blog
Blog•Feb 20, 2026
Forward-Looking Statements: 9th Cir. Says No Safe Harbor for “Hypothetical Risk Factor”
The Ninth Circuit in Const. Laborers Pension Trust v. Funko held that forward‑looking risk disclosures can lose the PSLRA safe‑harbor when they are framed as present‑state misrepresentations. The panel reasoned that an alleged omission about current inventory failures turns the...
By The CorporateCounsel.net Blog
Blog•Feb 20, 2026
DExit: Evidence From 2025 IPOs
Houlihan Lokey data shows Delaware’s share of IPO incorporations dropped from over 80% (2022‑2024) to just under 62% in 2025, while Nevada rose to nearly 17% and Texas to about 4%. The shift reflects a modest migration of companies to alternative...
By The CorporateCounsel.net Blog
Blog•Feb 20, 2026
Enforcement: Should You Consider Litigating?
The SEC’s enforcement approach has softened since the 2025 administration change, with corporate penalties falling roughly 30 percent and a greater emphasis on cooperation and remediation. At the same time, the Supreme Court’s pending decision on whether the agency must...
By The CorporateCounsel.net Blog
Blog•Feb 19, 2026
M&A Monday: Incentivizing Employees After Closing
In M&A deals, retaining staff after closing hinges on well‑designed incentive programs. Sponsors can choose between simple Christmas performance bonuses, phantom equity arrangements, or full equity plans such as stock options, each with distinct tax and legal considerations. The article...
By Eli Albrecht’s M&A Monday
Blog•Feb 19, 2026
C-Suite Turnover: Plenty of Volatility at the Top
CristKolder’s 2025 C‑Suite Volatility Report shows 78 CEO changes and 120 CFO swaps across Fortune 500 and S&P 500 firms last year. The consumer sector led CEO turnover at 24.4%, while energy was most stable at 9.0%. External recruitment fell sharply, with...
By The CorporateCounsel.net Blog
Blog•Feb 18, 2026
Corp Fin Posts More Deal CDIs
The SEC’s Corporation Finance Division released a fresh set of five CDIs, adding two Rule 13e‑3 going‑private interpretations, two tender‑offer clarifications, and a revised Form S‑4 business‑combination guidance. The new Rule 13e‑3 CDIs formalize the equity‑for‑equity exception and limit non‑waivable conditions, while the...
By Governance Beat (Cooley)
Blog•Feb 15, 2026
Special Situations Digest - #2
The second Special Situations Digest highlights a wave of activist campaigns spanning technology, biotech, consumer, and industrial firms, alongside numerous companies embarking on strategic reviews or restructuring. Activists such as YZi Labs, Engine Capital, and Elliott Management are pushing for...
By Harold’s “Special Situations Digest” (curation via V&O link)
Blog•Feb 13, 2026
AGM Alts & Wealth Weekly News Roundup | 2.13.26
The AGM newsletter announced the launch of the AGM Community, an RIA advisory board, and its first field trip in New York, signaling deeper engagement with wealth managers. Across the private‑markets landscape, major deals include Apollo and Schroders’ joint fund...
By Alt Goes Mainstream
Blog•Feb 11, 2026
HG's Acquisition of OneStream
Hg has completed the acquisition of OneStream for $6.4 billion, paying $24 per share—a 31% premium to the prior market price. The deal positions Hg as a major player in corporate performance management (CPM) and business intelligence, leveraging its software expertise...
By Dr. Karl Michael Popp’s Blog
Blog•Feb 10, 2026
Shareholder Engagement in Flux: Recent Developments and Practical Implications
The SEC’s recent clarification of Rule 14a‑8 reshapes how companies must handle shareholder proposals, while regulators intensify scrutiny of proxy advisors. Concurrently, vote‑no/withhold campaigns and new retail voting programs are gaining traction, adding complexity to the 2026 proxy season. Updated guidance...
By Enhanced Scrutiny (Sidley M&A Litigation)
Blog•Feb 10, 2026
Investing: Underwriting the Searcher
The blog explains why underwriting the searcher— the entrepreneur‑operator— is critical in search‑fund investing, where small businesses rely heavily on leadership grit. Unlike private‑equity deals that focus on scale and industry, search funds often lack seasoned CEOs, making operator quality...
By Big Deal Small Business
Blog•Feb 10, 2026
Dividend Distinctions and Proxy Descriptions
Several recent proxy statements claim that moving a corporation from Nevada to Delaware provides greater dividend‑distribution flexibility. A detailed comparison of Nevada’s NRS 78.288 and Delaware’s statutory and case‑law framework shows Nevada already allows broad dividend authority, especially when articles of...
By Business Law Prof Blog “Mission Alignment / M&A”
Blog•Feb 10, 2026
Equity Plan Proposals: Changes in ISS’ EPSC Evaluation
ISS added a negative overriding factor to its EPSC evaluation in December 2025. Plans that receive a Plan Features pillar score below seven points may now trigger a recommended vote against the equity plan proposal. ISS does not disclose how...
By Governance Beat (Cooley)
Blog•Feb 9, 2026
Consequences of Roll-Up Acquisitions in Diverse Software Markets
Roll‑up acquisitions in software markets combine multiple niche firms to achieve scale and cost efficiencies. While the consolidation can enhance operational performance and pool technological talent, it also reduces the number of independent competitors, raising antitrust concerns. Successful integration hinges...
By Dr. Karl Michael Popp’s Blog