Fonia Group Attracts New Investor to Support International Expansion
Polish telecommunications firm Fonia Group has secured a new investor as Mateusz Borowiecki, a veteran entrepreneur, acquired a stake in the company. Borowiecki, who previously held a majority position in the e‑commerce platform OptiBuy until its 2025 sale, brings both capital and strategic expertise. The infusion of funds is earmarked to drive Fonia’s international expansion while reinforcing its dominant foothold in Poland’s mobile market. The move signals confidence in Fonia’s growth trajectory and broader Eastern European telecom potential.
Sponsor-Designated Lenders’ Counsel
Borrower‑designated lenders’ counsel has become the norm in U.S. leveraged‑buyout financing, allowing a single law firm to represent all potential lenders during the financing auction. The practice, praised for efficiency, also gives sponsors significant influence over lender counsel, aligning lawyer...
Turned Around Software Company in Play
A software firm with roughly $350 million market cap has completed a turnaround, posting GAAP profitability, positive free cash flow and a sticky recurring‑revenue base above 90%. The newly appointed board is exercising tight capital discipline, positioning the company as a...
InsideArbitrage Event Driven Monitor – April 16, 2026
The InsideArbitrage Event‑Driven Monitor highlights several high‑profile merger arbitrage moves, including Select Medical’s proxy filing for a mid‑2026 merger and Kimberly‑Clark’s detailed post‑closing leadership plan for its Kenvue acquisition. Lisata Therapeutics disclosed a postponed tender offer as its partner seeks...
Governing Law: Don’t Be Swayed by DExit
Baker McKenzie partner Pete Korzynski argues that the DExit debate should not dominate the choice of governing law for merger agreements. He stresses that while a target’s incorporation state governs internal corporate matters, the acquisition contract’s external affairs are best governed by...
Webinar Recap: M&A Country Series: Making Deals in Vietnam
The Institute for Mergers, Acquisitions and Alliances and the Singapore M&A Association hosted a webinar on March 26 to dissect Vietnam’s evolving M&A landscape. Vietnam logged 218 deals worth roughly $2.3 billion in the first ten months of 2025, cementing its status...
Private Equity at 50: Hold Everything
Private equity celebrates its 50th anniversary amid an unprecedented distribution drought. The article argues that while low interest rates contribute, the primary driver is the sector’s scale, which has shifted incentives from performance‑based carried interest to asset‑under‑management‑driven enterprise value, encouraging...
Angelini Technology Acquires Minority Stake in Lab0
Angelini Technologies has taken a minority equity position in U.S. robotics startup Lab0, the maker of the RoboGlide system that automates container loading and unloading. The investment is intended to accelerate Lab0’s move from prototype to commercial scale and may...
Yancoal Acquires Kestrel: A Deal Built for a Buyer's Market
Yancoal Australia agreed to acquire an 80% stake in Kestrel, one of the world’s largest underground coking‑coal mines, for up to $2.4 billion. The transaction includes a $1.85 billion upfront payment with the balance contingent on future coal‑price recovery. A discounted cash‑flow...
Oil & Gas Private Equity: How to Invest in the Least Stable Cash Flows Around
Oil and gas private equity remains a niche but active segment, generating roughly $10‑20 billion in annual acquisition volume—significantly smaller than the $50‑100 billion seen in tech and healthcare. The sector’s inherent commodity price volatility makes traditional leveraged buyouts rare, especially in...
The Advisor Finder Report: Q1 2026
Axial’s Advisor Finder program reported a record‑setting Q1 2026, facilitating 104 introductions between business owners and M&A advisors—a 30% jump from the same quarter last year. The quarter saw 69 new owners join the platform, driven by retirement, liquidity needs,...
South Africa: New ALT Capital Fund to Back Rural and Township Convenience Retail Centres
Johannesburg-based ALT Capital Partners has launched the Reimagine Social Impact Retail Fund 2, following the success of its first fund that now operates 11 assets across seven South African provinces. The new fund will raise roughly R2.5 billion (about $152.8 million) to...
Questions to Ask Your D&O Insurance Broker in De-SPACs
Gallagher’s new Guide to D&O Insurance for de‑SPAC transactions outlines critical questions for selecting a broker. It stresses the need for team‑level experience with de‑SPAC deals, deep market reach, and direct placement capabilities. The guide also highlights the importance of...
Nordstrom Und Drang
A year after its 2023 buyout, Nordstrom is emphasizing financial discipline while seeking new growth avenues. The department‑store chain announced a partnership with British basics retailer Marks & Spencer, introducing the UK brand to a limited number of U.S. locations....
Investcorp AI Acquisition Corp. (IVCA) to Combine with Blue Finance in $219M Deal
Investcorp AI Acquisition Corp. (IVCA) announced a definitive agreement to combine with Blue Finance, creating a public company valued at approximately $219 million. The transaction positions the new entity as an AI‑focused investment platform, leveraging IVCA’s SPAC structure and Blue Finance’s...
New SPAC: General Catalyst Global Resilience Merger Corp.
General Catalyst announced the formation of General Catalyst Global Resilience Merger Corp, a new special purpose acquisition company (SPAC) filed for an initial public offering on April 14, 2026. The vehicle is positioned to raise roughly $200 million to pursue acquisitions...
Sizzle Acquisition Corp. II (SZZL) to Combine with Trasteel Holding in $1.3Bn Deal
Sizzle Acquisition Corp. II (ticker SZZL) announced a definitive business combination with Trasteel Holding, a steel manufacturing and recycling company, in a transaction valued at roughly $1.3 billion. The agreement provides Trasteel with about $300 million in cash and the balance in...
Audubon Buys Alliance Engineering
Audubon Companies LLC, a subsidiary of Nobel Energy, announced the acquisition of Alliance Engineering, a Mobile, Alabama‑based engineering and construction‑management firm. The deal folds Alliance’s mechanical, electrical, structural, piping and process engineering capabilities into Audubon’s integrated service platform, extending its...
Delaware Supreme Court Reinforces the Importance of Precision in Drafting ADR Provisions in Merger Agreements
The Delaware Supreme Court upheld that an arbitration clause covering earn‑out calculations also encompasses bad‑faith claims about those calculations in the Fortis Advisors v. Stillfront merger dispute. The case involved Stillfront’s 2019 $90 million acquisition of Kixeye, with an earn‑out tied...
Amazon.com to Acquire Globalstar in a $11.68 Billion Deal
Amazon.com announced a definitive agreement to acquire satellite‑communications firm Globalstar for $11.68 billion. Shareholders can elect $90 in cash or 0.3210 Amazon shares per Globalstar share, with cash limited to 40% of the equity and a $110 million downside adjustment. The acquisition...
PE-Backed Mulilo Reaches Financial Close on South African Solar Project
Mulilo, backed by Copenhagen Infrastructure Partners and Norfund, has reached financial close on the Middlepunt Solar PV project in South Africa. The 337 MW (DC) facility will export 240 MW (AC) and is expected to produce about 770 GWh of electricity each year....
The VinePair Podcast: Is Brown-Forman for Sale? To Whom?
Recent reports suggest French spirits giant Pernod Ricard is weighing a takeover of Brown‑Forman, the maker of Jack Daniel’s, while rival Sazerac has also entered negotiations. The discussions have sparked speculation about whether the deal will be a full merger or a...
Databricks Acquires Quotient AI
Databricks announced the acquisition of Quotient AI, a startup specializing in model governance, versioning and reproducibility tools. The deal embeds Quotient AI’s automation layer into Databricks’ lakehouse, creating a unified environment for data preparation, feature engineering, model training and deployment....
Invel Real Estate Secures €65 Million to Scale YellowSquare
Invel Real Estate has obtained a €65 million (approximately $70 million) financing facility from UniCredit to accelerate the growth of its hostel‑operator partner YellowSquare. The loan backs the Fondo Yellow vehicle, fully funded by Invel and managed by Castello SGR, and will...
United Airlines CEO Has Floated The Idea Of Buying American Airlines
United Airlines chief Scott Kirby has informally floated a merger‑or‑acquisition proposal with rival American Airlines, even briefing senior U.S. government officials about the idea. Kirby, a former American Airlines president, sees the deal as both a strategic and personal opportunity....
White Claw Maker Mark Anthony Group to Acquire The Finnish Long Drink
Mark Anthony Group, the owner of White Claw Hard Seltzer, announced it will acquire Finland’s The Finnish Long Drink, a gin‑based canned cocktail. The deal, terms undisclosed, closes in the coming weeks. Long Drink logged nearly 20% volume growth last...
Somnigroup International to Acquire Leggett & Platt in a $2.5 Billion All-Stock Deal
Somnigroup International announced an all‑stock acquisition of Leggett & Platt valued at $2.5 billion. Leggett shareholders will receive 0.1455 SGI shares per share, equivalent to $11.36 and a 13.69% premium. The transaction, priced at 6.64 × EBITDA, will give Leggett owners roughly 9%...
Mirepa Invests in Ghanaian Food Company
Mirepa Investment Advisors has closed a strategic investment in Ghanaian food producer Uniik Foods through its Mirepa Capital SME Fund I. The capital will fund modernisation of Uniik’s production lines, boost manufacturing capacity, and enhance distribution networks for its shelf‑stable...
Carve-Outs: Practical Tips for Improving Deal Certainty
The latest AURELIUS Carve‑Out Survey shows roughly 80% of executives anticipate a rise in non‑core divestitures in 2026, with 73% citing refocusing on core operations as the primary driver. Trade‑related uncertainties now affect 72% of respondents, while deleveraging has fallen...
Domes Resorts Becomes Majority Shareholder in Casa Collective
Domes Resorts has agreed with Goldman Sachs to acquire a majority stake in Casa Collective, the operator of 13 boutique hotels. The deal will add four new properties, expanding the portfolio to 17 locations. Casa Collective’s brands include the adults‑only...
Ruttenberg Family Office Acquires UK Aerospace Group Senior Plc
Tinicum Incorporated, the Ruttenberg family office, teamed with Blackstone to acquire UK‑listed Senior plc in a cash offer valuing the aerospace and defense components maker at roughly £1.4 billion ($1.9 billion). The board unanimously accepted the 300 pence per share proposal, citing the...
BCW on the Block as WPP Weighs Exit From PR
WPP is reportedly preparing to sell its Burson Cohn & Wolfe (BCW) unit after a recent divestiture of a majority stake in FGS Global for roughly £1.3 bn ($1.65 bn). The move follows a 6% drop in PR revenue in WPP’s latest...
BlackRock’s Unprecedented Bid for a Stake in Millennium: A Defining Moment in Hedge Fund Institutionalization:
BlackRock is in advanced talks to acquire a minority stake in Millennium Management, marking the hedge fund’s first acceptance of outside equity in its 35‑year history. The partnership would give the world’s largest asset manager direct access to Millennium’s multi‑manager...
Saturday Rewind: Blocking the Broadcast 'Behemoth'
California Attorney General Rob Bonta observed former President Donald Trump at a Supreme Court hearing on his birthright citizenship challenge, noting Trump appeared only to intimidate the justices. Bonta linked that courtroom moment to a broader fight against media consolidation,...
Insurance Distributors Should Buy Carriers
Large independent insurance distributors are urged to acquire carriers to control product development and speed‑to‑market, a shift enabled by AI and abundant private‑equity capital. Currently, third‑party distribution accounts for about 60% of U.S. life‑insurance sales and a growing share of...
SBAC Communications: The Buyout Speculation
SBA Communications (SBAC) saw its shares dip about 5% amid fresh speculation that a private‑equity consortium could launch a buyout. Sources suggest a potential transaction value near $15 billion, roughly $30 per share, driven by the company’s high‑yield debt and the...
AGM Alts & Wealth Weekly News Roundup | 4.10.26
The AGM Collective announced the launch of its AGM Community, an RIA Advisory Board, and its first RIA field trip in New York City, signaling a deeper engagement with private‑wealth professionals. In the broader private‑markets landscape, Lido Advisors (US$42 bn AUM)...
Morning SPAC News Roundup: April 10, 2026
The Morning SPAC News Roundup for April 10, 2026 is a curated, subscription‑only briefing that aggregates the day’s most relevant special purpose acquisition company (SPAC) developments. It bundles headline posts, Intel‑focused SPAC activity, and broader market news into a single digest. Readers...
Humm Group Limited: Takeovers Panel Issues Orders
On April 10, 2026 the Australian Takeovers Panel issued formal orders to Humm Group Limited concerning its recent takeover activity. The panel required Humm to immediately disclose all takeover‑related information, suspend any share transactions pending verification, and submit a detailed...
Scotts Miracle-Gro Completes Sale of Hawthorne Gardening Company to Vireo Growth
Scotts Miracle‑Gro has finalized the sale of its Hawthorne Gardening Company to cannabis operator Vireo Growth, receiving Vireo shares held by an independent strategic partner. The divestiture reclassifies Hawthorne as a discontinued operation starting Q1 FY2026 and leaves Scotts’ fiscal...
G Mining Ventures Acquires G2 Goldfields for C$3 Billion
G Mining Ventures announced a C$3 billion (≈US$2.2 billion) acquisition of G2 Goldfields, a move that instantly lifted G2’s shares by 79%. The deal, structured as an all‑cash transaction, gives G Mining control of G2’s flagship gold assets, including the high‑grade Red...
Court Square Capital Partners Closes $3.8 Billion Fund V:
Court Square Capital Partners closed its fifth flagship buyout vehicle, Fund V, with $3.8 billion in capital commitments, topping its original target. The fund zeroes in on mid‑market control buyouts in business services, healthcare and technology, prioritising operational value creation over...
Top 3 SPAC Targets – Space Missions
After a quiet spell, SPAC activity is heating up as Artemis II sparks renewed investor enthusiasm. Intuitive Machines, already part of the Artemis program, saw its stock jump 31% to $23.39, while other space de‑SPACs posted double‑digit gains. The column highlights...
Reports Suggest Sazerac in Talks With Brown-Forman Following Rumors of Pernod Merger
Sazerac has entered talks with Brown‑Forman after rumors of a merger between Brown‑Forman and Pernod Ricard surfaced. The news sent Brown‑Forman’s stock up more than 11 percent, mirroring the reaction to earlier reports of discussions with Pernod. Brown‑Forman, valued at roughly...
ADG 4/9: Tik Tok
The Justice Department has opened a probe into the NFL’s antitrust practices surrounding its TV‑rights packages, raising questions about consumer access to games. Meanwhile, the software sector faces a looming credit crunch as roughly $330 billion of high‑yield loans are set...
Constellation Acquisition Corp. I (CSTAF) to Combine with US Elemental in $571M Deal
Constellation Acquisition Corp. I (ticker CSTAF) announced a definitive agreement to combine with US Elemental, a provider of AI‑driven data solutions. The merger values US Elemental at roughly $571 million, converting the private firm into a publicly traded entity via the...
ITE Investment Takes over Tank Container Specialist CS Leasing
ITE Investment, a US transport‑focused investment fund, has completed the acquisition of CS Leasing, a specialist lessor of tank and dry freight special containers. CS Leasing operates roughly 55,000 units across four continents, serving the global liquid‑cargo market. The deal...
Unilever Is Acquiring Grüns
Unilever announced it is acquiring Grüns, the fast‑growing greens supplement brand that hit roughly $300 million in revenue within two years. The company has become the #1 greens supplement on Amazon and in U.S. retail, with 80% of users taking it...
Ares Real Estate Funds to Acquire Whitestone REIT in a $1.7 Billion Cash Deal
Ares Real Estate Funds announced a $1.7 billion all‑cash acquisition of Whitestone REIT, offering $19 per share—a 12.16% premium to the prior close. Whitestone, which owns 56 open‑air retail centers across Sunbelt cities, will be bought at 24.94 times its adjusted funds...
InsideArbitrage Event Driven Monitor – April 9, 2026
The InsideArbitrage April 9 roundup spotlights several high‑profile M&A moves, including Garda Therapeutics’ $18‑per‑share cash tender for Assertio (a 2.23% discount) and the completion of Air Lease’s $2.3 billion acquisition by a consortium of Sumitomo, SMBC Aviation, Apollo and Brookfield after 218...