EP261: Maximizing Your Business Exit: 6 Key Buyer Checks
Episode 261 of the High Voltage Business Builders Podcast reveals why Amazon sellers receive vastly different exit offers despite similar revenues. Host Neil Twa contrasts a seller who secured a $1.8 million, 4.5× EBITDA deal with another who only earned a conditional 2× offer, highlighting that buyers purchase certainty, not just top‑line sales. The episode outlines six buyer‑centric checks—including self‑audit, clean financials, SOP documentation, and early understanding of buyer priorities—to maximize valuation. Listeners get three immediate actions they can implement this week to position their e‑commerce brand for a premium exit.
AGM Alts & Wealth Weekly News Roundup | 5.8.26
AGM announced the launch of its AGM Community and an RIA Advisory Board, plus upcoming RIA field trips in New York for May, October and November. The roundup highlights a record 142 RIA M&A deals in Q1, representing $1.67 trillion of...
Amper Buys Critical Comms Firm Teltronic for up to EUR 225 Mln
Spain’s Grupo Amper has signed a binding agreement to acquire critical communications specialist Teltronic for up to €225 million (approximately $245 million). The transaction consists of a €155 million fixed payment, a potential €45 million earn‑out tied to performance targets, and Amper will assume...
InsideArbitrage Event Driven Monitor – May 8, 2026
The May 8 InsideArbitrage monitor reports a flurry of merger activity, including Knox Lane's $437 million cash acquisition of Cross Country Healthcare at a 31% premium and Angelini Pharma's $4.1 billion purchase of Catalyst Pharmaceuticals with a modest 3.2% premium. Devon Energy completed...
Mining Alpha with Michael Gentile – Junior Miners Repriced as M&A Sets New Gold Benchmarks
Two landmark acquisitions have reset pricing benchmarks for junior gold miners. G Mining Ventures acquired G2 Goldfields for roughly $600 per ounce, while Agnico Eagle purchased Rupert Resources at $500‑600 per ounce, each representing about a 70% premium to current...
Pharmaceutical Executive Daily: Angelini Pharma Acquires Catalyst Pharmaceuticals in $4.1 Billion Agreement
Angelini Pharma announced a definitive agreement to acquire Catalyst Pharmaceuticals for $31.50 per share in cash, representing a 21% premium to the unaffected closing price and a total equity value of roughly $4.1 billion. The transaction gives Angelini its first direct...
The State of PE-Backed Orthopedic MSOs
Private‑equity‑backed orthopedic management services organizations (MSOs) entered a boom between 2017‑2022, leveraging near‑zero interest rates and the shift of joint replacements to ambulatory surgery centers (ASCs) to acquire practices at 6‑10× EBITDA and target 12‑14× exit multiples. Rising interest rates,...
Top 3 SPAC Targets – Enterprise AI Managers
After a lull, SPAC activity is resurging, targeting firms that embed AI and large‑language models into enterprise workflows. The column highlights three private AI‑management companies—Mintlify, TrueFoundry, and Together AI—as prime SPAC candidates. Mintlify recently closed a $45 million Series B, TrueFoundry raised...
Apis Partners Closes $1.23bn Fund III
Apis Partners announced the final close of its Apis Global Growth Fund III and Apis Growth Markets Fund III, together raising $1.23 billion in commitments, more than double the $563 million raised for Fund II. The combined fund will take meaningful minority...
New SPAC: Futurewave Acquisition Corp. (FWACU) Files for $50M IPO
Futurewave Acquisition Corp. (ticker FWACU) has filed its S‑1 registration statement to launch a $50 million initial public offering as a special purpose acquisition company. The filing, submitted on May 7, 2026, positions the SPAC to raise capital for future technology‑focused mergers, leveraging...
Italy’s Angelini Pharma Acquires Catalyst Pharmaceuticals for $4.1 Billion
Italian drugmaker Angelini Pharma announced a definitive agreement to acquire U.S.-based Catalyst Pharmaceuticals for $4.1 billion in cash. The transaction values Catalyst at $31.5 per share, a 3.21% premium, and represents a 10.22‑times EBITDA multiple. Angelini will fund the purchase with...
Knox Lane to Acquire Cross Country Healthcare in a $437 Million Cash Deal
Knox Lane announced a cash acquisition of Cross Country Healthcare for $437 million, pricing the deal at $13.25 per share—a 31.06% premium to the prior close. The purchase represents 11.82 times Cross Country’s EBITDA and is slated to close in the third...
CFIUS Resuming Normal Operations
The Committee on Foreign Investment in the United States (CFIUS) has resumed normal operations after the President signed legislation funding the Department of Homeland Security. With the DHS funding gap closed, CFIUS clocks are no longer tolled and the agency...
Royal Cup Coffee and Tea Completes Farmer Brothers Acquisition
Royal Cup Coffee and Tea completed its purchase of Farmer Brothers, paying $1.29 per share for an estimated $28.3 million total. The deal, approved by shareholders in early May, takes the century‑old coffee distributor private after years as a Nasdaq‑listed company....
Podcast: AIR CEO Stuart Brazier on AIR’s $1.7B SPAC Deal and the Business of Hookah (CAEP)
Advanced Inhalation Rituals (AIR) announced a $1.7 billion merger with Cantor Equity Partners III, a Nasdaq‑listed SPAC (ticker CAEP). The deal lifts AIR, a profitable player in the high‑margin hookah‑shisha market, into the public arena without a traditional IPO. CEO Stuart Brazier explained...
Legora Buys Graceview For Compliance Needs
Legora announced the acquisition of Australian startup Graceview, a regulatory horizon‑scanning platform that monitors thousands of official sources across more than 100 jurisdictions. The deal follows Legora’s recent purchase of legal‑research firm Qura, signaling a rapid expansion of its compliance...
Chancery Dismisses Merger-Related Fraud Claims As Preempted Under SLUSA
The Delaware Court of Chancery dismissed the fraudulent‑inducement claims in Guerra v. Snap, ruling that the state‑law class action is preempted by the Securities Litigation Uniform Standards Act (SLUSA). The court determined that the lawsuit satisfied every SLUSA element: it...
Vernal Capital Acquisition Corp. (VECA.U) Prices $100M IPO
Vernal Capital Acquisition Corp. (VECA.U) priced a $100 million IPO and will begin trading on the NYSE on May 6, 2026. The SPAC, led by CEO Du Jun and CFO Yi Binghan, plans a generalist search for private companies in Asia with strong economics. The...
Who Really Benefits when Private Equity Buys Your Financial Adviser?
UK financial‑advice firms are moving from a frenzy of private‑equity buyouts aimed at scale to a more deliberate phase focused on vertical integration and data‑driven control. The 2026 NextWealth report shows 72% of recent deals involve private equity, but the...
Cambridge Financial to Acquire First Seacoast for $80.9 Million in a Cash Deal
Cambridge Financial Group announced a cash acquisition of First Seacoast Bancorp for $80.9 million. Shareholders will receive $17.25 per share, representing a 46.9% premium over the prior close. The transaction values First Seacoast at 0.97 times tangible book value and adds roughly...
Victory Group Acquires Cameron House on Loch Lomond
Victory Group, the investment firm, has purchased the historic Cameron House resort on Loch Lomond from KSL Capital Partners. The 17th‑century estate offers rooms, suites, cottages, two golf courses, three pools and eight dining venues. Financing was supplied by Apollo‑managed...
INEOS Edge Closer to OGC Nice Sale After Price Drop
INEOS, the chemical conglomerate owned by Sir Jim Ratcliffe, is accelerating its exit from Ligue 1 club OGC Nice after the asking price of roughly €200 million (about $215 million) proved unsustainable. The club, currently 15th in the French top flight, has attracted...
The Current Tariff Landscape & Implications for M&A
Tariffs are no longer viewed as a short‑term hiccup but as a recurring operational and transactional risk for dealmakers, according to a recent Debevoise briefing. The firm urges acquirers to embed tariff exposure in diligence, valuation and deal structuring, including...
Tuesday Briefing: American Investors Show Interest in Buying OGC Nice
American investors have emerged as a potential buyer for Ligue 1 side OGC Nice, joining a European consortium in talks with current owner INEOS. INEOS, which acquired Nice for €100 million (about $109 million) in 2019, initially aimed for a €200 million (~$218 million)...
GalaxyEdge Acquisition Corporation (GLED) to Combine with Rongcheng Group in $350M Deal
GalaxyEdge Acquisition Corp (GLED) announced a definitive merger agreement with China’s Rongcheng Group, a waste‑sorting and recycling specialist, in a transaction valued at roughly $350 million. The deal combines $300 million in cash with $50 million of GalaxyEdge stock, positioning Rongcheng to become...
Pharmaceutical Executive Daily: UCB to Acquire Candid Therapeutics
UCB signed a definitive agreement to acquire privately held Candid Therapeutics for $2 billion upfront with up to $200 million in milestones. The deal, slated to close by late Q2 or early Q3 2026 pending antitrust clearance, adds a suite of T‑cell engager...
![Industry Report: Professional Services 1H 2026 [SDR Ventures]](https://hixhlmpcokxhartfkpyi.supabase.co/storage/v1/object/public/images/thumbnails/ab3cbda8f2002cffd2cbf0f4c60eea75.webp)
Industry Report: Professional Services 1H 2026 [SDR Ventures]
SDR Ventures’ first‑half 2026 industry report finds AI reshaping professional services by automating routine work while human expertise remains essential. Private equity firms continue aggressive roll‑up campaigns in a fragmented consulting, accounting and legal landscape, driving 305 deals—by far the...
A Tumultuous Bidding War For a Mortgage REIT – The Special Situations Report Episode 65
The latest Special Situations Report podcast spotlights a fierce bidding war for mortgage REIT Two Harbors, with two of the nation’s largest mortgage lenders vying for control. It also covers Five9’s accelerated share repurchase program, which amounts to roughly 15%...
![Industry Report: Cybersecurity Services [Solganick & Co.]](https://hixhlmpcokxhartfkpyi.supabase.co/storage/v1/object/public/images/thumbnails/c5827f81da34b587f074aa1477ef2af5.webp)
Industry Report: Cybersecurity Services [Solganick & Co.]
Solganick & Co.’s latest industry report shows that cybersecurity services M&A remains robust, with 105 deals in Q4 2025 and another 76 transactions through February 2026. Managed security service providers (MSSPs) are the primary focus, highlighted by deals such as...
Blueport Acquisition Ltd. (BPAC) to Combine with SingAuto in $1.2Bn Deal
Blueport Acquisition Ltd. (BPAC), a special‑purpose acquisition company, announced a definitive agreement to merge with SingAuto, a Singapore‑based autonomous‑vehicle technology firm. The transaction values the combined enterprise at roughly $1.2 billion, including cash held in BPAC’s trust account. Upon closing, SingAuto...
Project44 Announced Its Acquisition of Lunapath.ai
Project44 announced the acquisition of AI‑focused startup Lunapath.ai, merging its real‑time visibility network with Lunapath’s predictive analytics engine. The deal creates a unified platform that not only tracks shipments across modes but also forecasts bottlenecks, recommends alternative routes, and learns...
Long Lake Management to Acquire Global Business Travel Group for $6.3 Billion in Cash
Long Lake Management announced a cash acquisition of Global Business Travel Group for $6.3 billion, offering Amex GBT shareholders $9.50 per share—a 60.2% premium to the prior close. The deal, backed by investors such as General Catalyst and Koch Equity Development,...
The Security Advantage in M&A Deals: 5 Foundations for Secure Collaboration
The article outlines five security foundations that must be embedded in M&A collaboration environments, starting with the decision where data is hosted—whether in a private cloud, on‑premise, or a custom AI model. It stresses that encryption, granular access controls, audit...
South Africa: Edge Growth-Managed Abadali Fund in Engineering Services Deal
Edge Growth Ventures has invested capital from its Abadali Fund into Siyanqoba, a 100% black woman‑owned engineering firm in Mpumalanga, South Africa. The funding, part of the government‑backed Abadali Equity Equivalent Investment Programme partnered with J.P. Morgan, will finance specialised...
Morning SPAC News Roundup: May 4, 2026
The May 4, 2026 Morning SPAC News Roundup, authored by Nicholas Alan Clayton, compiles the latest special‑purpose acquisition company (SPAC) activity for the week. While the full content is gated behind a subscription, the post typically highlights new SPAC filings, merger announcements,...
Global Net Lease to Acquire Modiv Industrial in a $535 Million Stock Deal
Global Net Lease (GNL) announced a definitive merger agreement to acquire Modiv Industrial (MDV) in an all‑stock transaction valued at approximately $535 million. Modiv shareholders will receive 1.975 newly issued GNL shares per Modiv share, translating to $18.82 per share—a 16.97%...
Earnouts: Chancery Allows Narrow Fraud Claim to Continue; Dismisses Breach Claim
The Delaware Chancery Court in Meyers v. Zimmer Biomet Holdings dismissed breach of contract claims tied to an earnout’s commercially reasonable efforts clause and the implied covenant, but let a narrow fraud claim survive. Zimmer’s 2022 acquisition of Embody, Inc....
Asuene, the Rollup that You Should Know...
Asuene, a climate‑tech and smart‑building rollup backed by private equity, announced a $300 million financing round to accelerate acquisitions. In the past quarter it closed deals on GreenMetrics, BuildingIQ and EcoSense, adding roughly $150 million of annual recurring revenue and 150 MW of...
Recharge Acquires Skio to Build a Unified Subscription Commerce Platform Processing over $20B in GMV
Recharge, a leading subscription management platform, announced the acquisition of Skio to form a unified subscription commerce solution. The combined entity serves over 20,000 merchants and processes more than $20 billion in annual GMV. Recharge brings a decade of infrastructure expertise,...
CloserStill Trades: What’s Next?
Providence Equity Partners and Searchlight Capital have agreed to acquire CloserStill Media for £1.3 billion (approximately $1.77 billion), marking the largest recent transaction in the UK events sector. The deal values the company at a forward 13.5‑15x EBITDA multiple, based on projected...
Weekly Brief – 1st May 2026
Truespeed and Freedom Fibre have completed their merger, creating Freedom Truespeed Group with 70,000 customers across 412,000 premises. Freedom Fibre will continue as the wholesale network while Truespeed and LilaConnect remain the consumer‑facing brands, ensuring service delivery stays unchanged. In...
AI & Capital Weekly
The latest AI & Capital Weekly notes a clear regime shift in U.S. private markets as fundraising momentum rebounds into 2026. About 59% of general partners are optimistic about hitting their targets despite heightened LP selectivity. A bifurcation is emerging:...
CloserStill Media Acquired by Current Investor Providence in Partnership With Searchlight for £1.3B
Private equity firm Providence Equity Partners is reacquiring UK B2B events operator CloserStill Media in partnership with Searchlight Capital for a reported £1.3 billion (≈ $1.65 billion). The deal gives both investors co‑control and positions them to fund the next growth phase, including...
ARCHIMED to Acquire Esperion Therapeutics in a $1.1 Billion Deal
ARCHIMED has agreed to acquire Esperion Therapeutics for approximately $1.1 billion, offering shareholders $3.16 in cash per share—a 58% premium—and a contingent value right (CVR) that could add up to $100 million based on future sales milestones. The transaction values Esperion at...
InsideArbitrage Event Driven Monitor – May 1, 2026
The InsideArbitrage May 1 roundup highlights a wave of high‑profile M&A activity, including Union Pacific’s amended merger filing with Norfolk Southern that could pull 2.1 million trucks off highways, and shareholder approvals for Silicon Labs‑Texas Instruments and ZIM‑Hapag‑Lloyd deals. UWM Holdings sweetened...
The Triple-Layer Capital Stack: A Smarter Way to Buy a Business
Sebastian Amieva outlines a "Triple‑Layer" capital stack for acquiring a $5 million business without fronting the full price. The structure layers senior secured debt (≈51.6%), seller‑preferred equity or note (≈33.4%), and buyer common equity (≈15%). Co‑investors supply the equity slice, while...
How to Evaluate a Business Before Buying It
Small business acquisitions in the United States rose 5% in 2024, reaching 9,546 closed deals and an enterprise value of $7.59 billion. Buyers increasingly turn to digital marketplaces, where over 3.2 million businesses were listed in 2025, to source opportunities with verified...
For May Day: The System We Need
Warner Bros. Discovery shareholders overwhelmingly approved the Ellison family’s $79 billion takeover, with 1.743 billion votes in favor and only 16.3 million against. The deal saddles the merged company with massive debt, prompting concerns that cost‑cutting, especially payroll reductions, will follow. CEO David...
Private Equity: A Bumpy Q1 for Financial Sponsors
MergerMarket's Q1 2026 M&A report shows global deal volume up 22% YoY to $1.16 trillion, yet financial sponsor activity fell 14% to $143 bn. Infrastructure buyouts, highlighted by AES’s $38.4 bn proposal, accounted for nearly a third of sponsor investments. Exit value slipped 29%...
M&A Earnouts, Risk Allocation, and Post-Closing Incentive Conflicts
The Delaware Supreme Court’s en banc ruling in J&J v. Fortis clarified that earnout provisions are governed strictly by their contractual language, rejecting the use of an implied covenant of good faith to alter risk allocation. The case involved a...