Lazard Acquires Campbell Lutyens: A Defining Deal in the Race to Dominate Private Capital:
Lazard announced a $575 million acquisition of Campbell Lutyens, a specialist private‑capital advisory firm. The deal merges Lazard’s global M&A platform with Campbell Lutyens’ expertise in primary fundraising, secondary transactions and GP‑led vehicles. It reflects accelerating consolidation as private markets swell to tens of trillions of dollars and demand more sophisticated advisory services. By embedding itself in the core infrastructure of private capital, Lazard aims to capture recurring fee revenue and compete with banks and asset managers expanding into the space.
M&A Framework: Case Studies, Examples & More
The Buyer‑Led M&A™ framework flips the traditional seller‑driven model by placing the acquirer in control of every deal phase. It consolidates tools, data, and teams onto a single platform, aligning due‑diligence insights with integration plans from day one. Real‑world cases—from...
UL Solutions (ULS) to Acquire Eurofins Scientific’s E&E Business for ~$670M
UL Solutions Inc. announced a definitive agreement to acquire Eurofins Scientific’s Electrical & Electronics testing business for an enterprise value of approximately €575 million ($670 million). The transaction brings the MET Labs certification mark and an estimated $200 million of 2026 revenue, expanding...
CH4 Natural Solutions Corporation (MTNE.U) Prices $200M IPO
CH4 Natural Solutions Corporation announced pricing of its $200 million initial public offering, with units set to begin trading on the NYSE under the ticker MTNE.U on May 1, 2026. The SPAC will seek a target with substantial real‑asset holdings...
LexisNexis Owner RELX Announces Plans to Acquire Legal Tech Company Doctrine
RELX, the parent of LexisNexis, announced plans to acquire Doctrine, a fast‑growing legal‑tech platform. The deal, still subject to regulatory approval, would integrate Doctrine’s AI‑driven research tools into RELX’s European legal‑intelligence suite. By adding Doctrine’s cloud‑based workflow and analytics, RELX...
Roll Up The Space To … Lose!
Over the past decade private‑equity firms such as Vista, KKR and Thoma Bravo pursued a roll‑up strategy, acquiring dozens of procurement‑software assets to create mega‑suite platforms. These bundles command seven‑figure annual licenses, banking on market dominance within corporate source‑to‑pay functions. However,...
The Key Podcast: Why Match Matters in M&A
The latest episode of Inside Higher Ed’s podcast "The Key" highlights findings from the 2026 IHE Survey of College and University Presidents, showing that internal discussions about mergers and acquisitions remain steady, with private nonprofit leaders far more engaged than...
Private Equity Is Coming for Law Firms—And the Rules Aren’t Ready
In January 2026 personal‑injury firm Dudley DeBosier announced a partnership with Orion Legal, using a management services organization (MSO) to let a private‑equity vehicle run its technology, billing and marketing while attorneys retain firm ownership. The move mirrors a broader...
West Enclave Merger Corp. (WENC.U) Prices $100M IPO
West Enclave Merger Corp. priced a $100 million initial public offering and will list its units on the NYSE under the ticker WENC.U on April 30, 2026. The SPAC is led by Emilio Mahuad Quijano and Adrian Otero Rosiles, with a board that...
Exclusive: The Wine Group Acquires ‘Phony Negroni’ Maker St. Agrestis
The Wine Group announced the acquisition of St. Agrestis, the Brooklyn‑based maker of the non‑alcoholic Phony Negroni and other RTD aperitivos. The deal, whose financial terms were not disclosed, gives TWG its first major entry into the spirits sector while...
A U.S. Chemicals Special Situation: Reading Between the Lines of a Sudden CEO Exit
A U.S. chemicals firm with a $500 million‑$1 billion market cap saw its CEO resign abruptly, sparking a sharp share decline. The company is reportedly in an advanced sale process, having already received a price range offer amid a strategic review. Recent...
Chiesi Group Acquires KalVista Pharmaceuticals for $1.9 Billion
Chiesi Group announced a $1.9 billion cash acquisition of KalVista Pharmaceuticals, offering $27 per share—a 40.3% premium. The deal gives Chiesi control of sebetralstat, an oral protease inhibitor for hereditary angioedema that posted $49 million U.S. sales in 2025. Closing is targeted...
Podcast: General Fusion’s Greg Twinney & Spring Valley III’s Chris Sorrells (SVAC)
General Fusion and Spring Valley Acquisition Corp. III have sealed a $724 million merger, announced in January. The deal will take General Fusion, a private fusion‑energy developer, public via the SPAC route. Twinney outlined plans to scale from its pilot plant to...
Why Hockey Sticks Break
The article warns that high‑growth businesses can break the search‑fund model. Rapid revenue expansion forces new CEOs to make large, irreversible decisions before they understand the business, while premium entry multiples inflate equity needs and required EBITDA growth rates. Debt...
Wasserman Deal: Final Bidders, Front-Runners Emerge
Casey Wasserman’s entertainment and sports conglomerate, known as The Team, is now the focus of a high‑stakes sale after an initial $4 billion asking price was trimmed to roughly $3 billion. The portfolio spans talent representation in sports, Hollywood, music, media, brand...
Agnico Bulking up in Finland with Three Acquisitions Worth Roughly $3.8-billion – by Niall McGee (Globe and Mail – April...
Canadian gold miner Agnico Eagle announced three Finnish acquisitions valued at roughly $3.8 billion, including Rupert Resources for $2.9 billion, Aurion Resources for $481 million, and a 70% stake in Fingold Ventures for $325 million. The deals consolidate the company’s operations around its Kittilä...
Superior Health Holdings Acquires Compassion Homecare and Sans Bois Hospice, Expanding Into Oklahoma
Superior Health Holdings, backed by Renovus Capital Partners, announced the acquisition of Chant Healthcare, the operator of Compassion Home Care and Sans Bois Hospice in southeastern Oklahoma. The deal gives Superior an immediate footprint across 11 counties, adding home health, hospice,...
Anaqua Acquires Rival Patrix to Expand Law Firm Customers and Presence in Europe
Anaqua announced the acquisition of rival IP‑software firm Patrix, adding the Patricia platform and its roughly 400 law‑firm customers to its portfolio. The deal deepens Anaqua’s presence in Europe and builds on a series of strategic purchases under Nordic Capital,...
InsideArbitrage Event Driven Monitor – April 28, 2026
The InsideArbitrage April 28 roundup highlights a flurry of high‑profile M&A activity, including The Real Brokerage’s $880 million acquisition of RE/MAX at a 72.7% premium and Ligand Pharmaceuticals’ $739 million purchase of XOMA with a litigation‑linked contingent value right. Regulatory clearance was secured...
Study: Private Target Deal Terms
SRS Acquiom’s 2026 M&A Deal Terms Study examined more than 2,300 private‑target acquisitions worth $569 billion that closed between 2020 and 2025. Jumbo deals—transactions of $750 million or more—now represent roughly 10% of the market, while average equity return multiples climbed to...
An Open Letter to Universal Music Group and Pershing Square
Universal Music Group (UMG) operates two distinct businesses: a high‑margin back‑catalog that delivers roughly two‑thirds of revenue and up to 90% of profit, and a low‑margin frontline new‑release operation that yields only 10‑20% returns. The back‑catalog’s royalty costs are modest...
Miluna Acquisition Corp. (MMTX) to Combine with CADV Ventures in $408M Deal
Miluna Acquisition Corp. (ticker MMTX) announced a definitive agreement to merge with CADV Ventures, a developer of AI-driven solutions. The transaction values the combined entity at approximately $408 million, providing CADV with public‑market capital to accelerate product rollout. Upon completion, Miluna...
Leading Scots Audiology Group The Hearing Clinic UK Expands Into England
The Hearing Clinic UK, a Glasgow‑based audiology group, announced the acquisition of the award‑winning Congleton Hearing Centre in Cheshire, marking its first expansion into England. The deal follows a record 2025 in which the group served more than 7,000 patients....
Tim Cook Steps Down and a Massive Buyback at Adobe – The Special Situations Report Episode 64
Apple announced that longtime CEO Tim Cook will step down, with a new executive slated to take the helm, marking a rare C‑suite shift for the tech giant. In parallel, Adobe disclosed a $25 billion share‑repurchase program, the largest ever for...
THE GOLD MINING PRODUCER CASH MACHINE & THE COMING M&A TSUNAMI: Newmont's $3.1B Free Cash Flow, the Starved Pipeline, &...
Newmont Corp. posted a record $3.1 billion free cash flow in Q1 2026, alongside $5.2 billion adjusted EBITDA and a $3.2 billion net cash position. The miner’s all‑in sustaining cost fell to $1,709 per ounce, enabling a $6 billion share‑buyback authorization and a $0.26 dividend....
Ligand Pharmaceuticals Acquires XOMA Royalty in a $739 Million Deal
Ligand Pharmaceuticals announced a $739 million acquisition of XOMA Royalty Corporation, offering $39 per share—a 2.9% premium to the prior close. The transaction also grants XOMA shareholders a contingent value right (CVR) tied to 75% of net proceeds from pending TREMFYA...
VVARDIS Announces Investment From Apollo —Achieves Unicorn Status
vVARDIS Holding AG announced a strategic minority investment from Apollo‑managed funds, propelling the Swiss dental‑med tech firm into unicorn status with a valuation north of $1 billion. The capital will finance the next phase of global commercial expansion for its Curodont™...
United CEO’s Statement About American Airlines Merger Idea He Has Floated
United Airlines CEO Scott Kirby announced he had approached American Airlines with a proposal to merge, positioning the deal as a growth‑driven partnership that would enhance customer experience and global competitiveness. American publicly rejected the overture, closing the door on...
Morning SPAC News Roundup: April 27, 2026
The Morning SPAC News Roundup for April 27, 2026 is a subscription‑only digest that aggregates the latest special‑purpose acquisition company (SPAC) activity. The post is hosted on SPAC Insider and requires a monthly plan to view any specific deals, filings,...
Blue Owl Expands Real Estate with Sila Realty Acquisition – Merger Arbitrage Mondays
Blue Owl Capital announced a $2.4 billion all‑cash acquisition of Sila Realty Trust, a healthcare‑focused REIT, at $30.38 per share—a 19% premium to the prior close. The deal, expected to close in Q2‑Q3 2026, adds 137 properties across 65 U.S. markets...
Sun Pharmaceutical Acquires Organon for $11.75 Billion
Sun Pharmaceutical Industries announced an all‑cash acquisition of Organon & Co. for $11.75 billion, offering $14 per share—a 24.33% premium to the prior close. The deal values Organon at 6.76 times its EBITDA and will be funded through Sun Pharma’s cash...
EQT’s Record $15.6 Billion Asia Close Signals a New Era for Private Equity in the Region:
EQT closed its BPEA Private Equity Fund IX at a record $15.6 billion, making it the largest Asia‑focused buyout vehicle ever. The raise follows EQT’s 2022 acquisition of Baring Private Equity Asia and signals renewed institutional confidence after years of regulatory...
March-April Issue of Deal Lawyers Newsletter
The March‑April 2026 issue of the Deal Lawyers newsletter was dispatched to the printer on April 27 and is now accessible online for subscribing members. It features three in‑depth pieces: a Delaware court decision on indemnification materiality scrapes, a practical guide...
Capitol Dispatch Weekend Digest
The Connecticut Senate approved a bill prohibiting private‑equity firms from acquiring or expanding control of state hospitals, effective October 2026. Simultaneously, the state’s insurance regulator fined the five largest health insurers for breaching mental‑health parity requirements. The state agricultural lab...
SPAC IPO Terms Tracker: April 24, 2026
The SPAC Insider weekly tracker for the week ending April 24, 2026 compiles the latest initial public offering terms for special purpose acquisition companies. It lists pricing ranges, target capital raises, sponsor profiles, and redemption rates for each announced SPAC. The data...
The PE Board Red Flag Missed in Interview One
The article warns that executives often overlook a critical red flag when joining private‑equity‑backed companies: board composition. It outlines five essential questions—covering investment thesis, board makeup, sponsor‑operating partner dynamics, team turnover, and compensation structure—that should be asked before signing. A...
X+Y=?
Chenmark distinguishes between the number of operating companies (X) and total acquisitions (Y), noting that the gap reflects tuck‑in deals. The firm emphasizes long‑term value creation over rapid arbitrage, using a conservative underwriting model that still allows for upside. Cultural...
CinemaCon 2026: A Merger Splits the House
CinemaCon 2026 highlighted a resilient theatrical market while exposing deep fault lines over the approved Paramount‑Warner Bros. Discovery merger. Industry leaders like MPA chair Charles Rivkin emphasized the cultural value of cinema and pushed for a federal film‑tax incentive, but...
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Industry Report: Transportation & Logistics Q1 2026 [Peakstone]
The Q1 2026 Peakstone Transportation & Logistics report shows that M&A activity remains robust, with hundreds of deals driven primarily by strategic buyers seeking scale and network expansion. Median EV/EBITDA multiples have settled between roughly 6x and 13x, indicating stable...
AGM Alts & Wealth Weekly News Roundup | 4.24.26
The AGM Alts & Wealth weekly roundup highlighted a wave of capital inflows and strategic partnerships across private markets. EQT secured a record $15.6 billion for its Asia private‑equity fund, while OpenAI committed up to $1.5 billion to a new private‑equity joint...
Nestlé Confirms Blue Bottle Sale to Luckin’s Largest Shareholder
Nestlé confirmed it will sell Blue Bottle Coffee to Centurium Capital, the majority shareholder of Luckin Coffee, with the deal expected to close in the first half of 2026. Nestlé originally acquired Blue Bottle in 2017 for about $425 million, valuing...
UPDATED CONSUMER M&A DATABASE
Drew Fallon has released an updated Consumer M&A Database, adding the latest merger and acquisition activity across the consumer sector. The spreadsheet now tracks over 1,200 deals, with total announced values surpassing $45 billion USD. It includes new categories such as...
Cohere Acquires Aleph Alpha
Cohere announced the acquisition of Aleph Alpha, merging its developer‑first NLP platform with Aleph Alpha’s research‑driven multilingual models and governance tools. The deal creates a broader model catalog, unified deployment environment, and enhanced safety pipelines that respect GDPR and other...
DTC Isn’t Dead
Allbirds sold its shoe brand IP and assets for $39 million after a $4 billion market‑cap peak, sparking headlines that DTC is fading. Yet a new Shopify and Harris Poll study shows 89% of U.S. founders would launch again in 2026, citing...
Mediterrania Capital Partners in Packaging Deal
Mediterrania Capital Partners (MCP) has signed a share purchase agreement to acquire 100% of Société Marocaine des Manufactures de Mohammedia (SMMM), the holding company of Amcor Flexibles Mohammedia (AFM). AFM is a Moroccan producer of flexible packaging serving dairy, pharmaceutical,...
Sango Capital Provides Liquidity via Continuation Vehicle
Sango Capital announced the launch of a continuation vehicle for the residual multi‑manager assets of its inaugural Sango Capital Partners fund. The vehicle, the first of its kind in Africa, attracted fresh capital from European limited partners while giving original...
Nasdaq Increases Initial Listing Requirements for SPACs
Nasdaq announced new listing rules that raise the bar for special purpose acquisition companies (SPACs). To list on the Nasdaq Global Market, a SPAC must now have at least $100 million in market value of listed securities. On the Nasdaq Capital...
InsideArbitrage Event Driven Monitor – April 24, 2026
The InsideArbitrage Event‑Driven Monitor highlighted several high‑profile M&A moves, including Inventurus Knowledge Solutions’ $557 million acquisition of TruBridge at a 14.8% premium and Warner Bros. Discovery’s shareholder‑approved merger with Paramount Skydance slated for Q3 2026. Major corporate actions also featured Netflix’s $25 billion share‑buyback...
Porsche Sells Its Stake in Bugatti Rimac
Porsche announced the sale of its 45% minority stake in the Bugatti Rimac joint venture and its 20.6% holding in Rimac Group to a consortium led by New York‑based HOF Capital. The agreement, signed on April 24, 2026, fully divests Porsche from both entities....
Thoma Bravo’s $5.1B Medallia Wipeout:
Thoma Bravo is on the brink of ceding Medallia to its lenders, erasing roughly $5.1 billion of equity value. The creditor consortium—led by Blackstone, KKR and Apollo—will assume control, marking a stark reversal for a deal once hailed as a marquee...