Assertio Holdings to Be Acquired by Garda Therapeutics in a $125.1 Million Deal
Garda Therapeutics announced a definitive agreement to acquire specialty‑pharma firm Assertio Holdings for $125.1 million. The tender offer will pay $18 in cash per share—a 2.23% discount to the prior close—and includes a non‑tradeable contingent value right tied to future Sprix milestones. Assertio is simultaneously selling its non‑Resolvedon assets to Cosette Pharmaceuticals for an upfront $35 million, with additional milestone payments possible. The transaction values Assertio at 7.57 times EBITDA and is slated to close in the second quarter of 2026 after a 20‑day window‑shop period.
Antitrust: The Implications of Regulatory Termination Fee Insurance
Regulatory Termination Fee (RTF) insurance is an emerging product that moves the risk of reverse termination fees from buyers to insurers. The policy’s premium is typically modest, leaving buyers only a small deductible. By insulating buyers from the full fee,...
Podcast Frenzy: ‘Everyone’s for Sale’ After ‘TBPN’ Shocker
The podcast market is in the midst of a buying frenzy after TBPN’s sale to OpenAI for a low‑hundred‑million‑dollar price tag. The deal has ignited a wave of interest from legacy media, tech firms, and private investors seeking to own...
The 10 Most Valuable Artist Music Catalogs (for Now)
The music‑rights market is in a catalog acquisition gold rush, with streaming and sync licensing turning iconic song collections into high‑yield assets. Sony Music Group alone spent $1.27 billion on Queen and $600 million for a 50% stake in Michael Jackson, setting record‑breaking...
Fifth Era Acquisition Corp. I (FERA) to Combine with Miotal
Fifth Era Acquisition Corp. I (FERA), a publicly listed SPAC, has signed a definitive agreement to combine with Miotal, an artificial‑intelligence data‑analytics firm. The merger will take Miotal public, providing the company with capital to scale its AI platform across...
Pershing Square's UMG Takeover Bid Includes $879M for Artists
Pershing Square, led by Bill Ackman, has submitted an unsolicited $64.4 billion takeover bid for Universal Music Group. The proposal hinges on cashing out UMG's $3.1 billion Spotify stake, which would generate roughly $1.75 billion after taxes. Of that, $879 million is earmarked for...
VION Biosciences Closes Acquisition of CTL, Strengthening Functional Immune Monitoring Capabilities
VION Biosciences announced the closing of its acquisition of Cellular Technology Limited (CTL), adding ELISPOT and FluoroSpot analyzers, software, consumables, and assay services to its portfolio. The deal enhances VION’s ability to provide functional immune‑monitoring solutions across translational and clinical...
A Delaware Take-Private Suit and Controller Buyout D&O Risk
A Delaware Chancery Court complaint filed by Detroit’s Police and Fire Retirement System alleges that the 2025 take‑private of Skechers by 3G Capital was driven by the Greenberg founders, who control roughly 60% of voting power, and that the deal...
Five African Private Capital Moves in March 2026
In March 2026 Africa’s private‑capital scene saw five notable moves. Adenia Partners capped its Entrepreneurial Fund I at $180 million, surpassing its $150 million target. A SPE Capital‑led consortium invested in Egypt’s eye‑care maker Orchidia, alongside multilateral partners. Phatisa and AgDevCo exited...
Blackstone and TPG Finalize Hologic Acquisition:
Blackstone and TPG have completed the acquisition of Hologic at $79 per share, including contingent value rights, marking one of the largest med‑tech buyouts of the year. The deal signals a resurgence of mega‑cap private‑equity activity after a period of...
Integration: Post-Closing Cyber Risks
A new FTI Consulting report reveals that cyber‑attacks frequently strike companies after M&A closings, with more than two‑thirds of affected deals reporting negative consequences. Nearly half of those incidents led to reduced deal value, and 20% caused delays or pauses....
Universal Should Say No to Bill Ackman
Pershing Square, led by activist investor Bill Ackman, has tabled a $64 billion offer to acquire Universal Music Group, the world’s largest recorded‑music company. The proposal, announced in early April 2026, would merge two of the industry’s biggest catalog owners and...
Bill Ackman Wants to Buy Universal Music and Put “Psychopath” Epstein Associate Michael Ovitz in Charge
Bill Ackman’s Pershing Square SPARC Holdings has lodged a takeover bid for Universal Music, valuing the label at €55 billion (≈$60 billion) – a 78% premium to the pre‑offer price. The offer of €30.40 per share (≈$33) includes only €5.05 ($5.5) in...
New SPAC: RRE Ventures Acquisition Corp. (RREVU) Files for $250M IPO
RRE Ventures Acquisition Corp., ticker RREVU, has filed its S‑1 to raise up to $250 million through a special purpose acquisition company (SPAC) IPO. The filing positions the vehicle to list on the NYSE later this year, targeting technology and artificial‑intelligence...
Anthropic Plans $1B Venture with Major PE Firms to Sell and Deploy AI Tools Across Their Portfolio Companies
Anthropic is negotiating a $200 million investment as part of a broader $1 billion fundraising round with private‑equity giants General Atlantic, Blackstone and Hellman & Friedman. The capital will launch a new consulting arm that embeds the Claude AI suite into the...
Your Trusted Search Deal Team (2026)
The newsletter from Kaustubh Deo outlines a curated "Trusted Search Deal Team" for entrepreneurs pursuing small‑business acquisitions, listing specific providers for SBA lending, legal counsel, insurance, quality‑of‑earnings analysis, outsourced finance, and buyside advisory. Deo draws on seven years of experience...
Research Pipeline Session #15: 2 Transformative Acquisitions, and an EBITDA Inflection
A micro‑cap firm closed two back‑to‑back acquisitions that could shift its revenue from irregular, lumpy streams to a steadier, technology‑driven model anchored by its proprietary automation platform. The platform is already delivering 60‑70% efficiency gains at one of the newly...
Strüngmann Family Office Athos Acquires Stake in Doctolib
Athos, the Munich‑based Strüngmann family office, acquired a minority stake in French digital‑health platform Doctolib through a secondary transaction that valued the company at €3.6 billion, down from its €5.8 billion 2022 valuation. The deal involved other investors such as the A.P. Moller...
A Peek Into the Latest Merger
Google’s fiber arm, now rebranded GFiber, announced a merger with Astound Broadband, a conglomerate of former cable operators. The combined entity will serve roughly 2 million broadband customers across 7.1 million passings, positioning it as the seventh‑largest ISP in the United States....
South Africa: Kholo Capital and Tensai Private Equity Back Isambane Mining MBO
Kholo Capital’s Mezzanine Debt Fund I and Tensai Private Equity are providing R275 million (≈ $16.4 million) in mezzanine financing to back a management buy‑out of Isambane Mining, a mid‑tier South African mining contractor. The package is split with R200 million (≈ $11.9 million) from Kholo...
Exit Strategies: The Dual Track Option
Investors targeting high‑growth companies often adopt a dual‑track exit, simultaneously preparing for an IPO while courting strategic or financial buyers. This approach creates competitive pressure, allowing the company to select the path that yields the highest valuation as market conditions...
Mercer’s Strategic Acquisition of AltamarCAM: Consolidation in Alternatives:
Mercer announced the acquisition of AltamarCAM, a private‑markets specialist managing roughly $22 billion in assets. The deal expands Mercer's outsourced chief investment officer (OCIO) platform, adding deep expertise in private equity, credit, infrastructure and real assets. By integrating AltamarCAM, Mercer aims...
Amazon in Talks to Acquire Globalstar For $9B – The Special Situations Report Episode 61
Amazon is reportedly in advanced talks to acquire satellite operator Globalstar for roughly $9 billion, a move that would expand its low‑Earth‑orbit (LEO) capabilities. Globalstar, which already serves IoT and maritime customers, is partially owned by Apple, adding a strategic partner...
Carlyle Group (CG) to Acquire Majority Stake in MAI Capital at $2.8B Valuation
The Carlyle Group announced a definitive agreement to acquire a majority stake in MAI Capital Management, valuing the wealth‑management firm at more than $2.8 billion. MAI, which oversees roughly $72.6 billion in assets across 40 U.S. offices, will retain a minority equity...
Apollo (APO) Funds Acquire Gatehouse Living Group From Gatehouse Bank
Apollo Global Management’s funds bought Gatehouse Living Group from Gatehouse Bank on April 1. The deal brings Gatehouse Investment Management and Ascend Properties into Apollo’s UK housing portfolio, adding a platform that owns more than 5,000 homes and manages over...
Dealmaker's Log: African Private Equity and VC Deals in March 2026
The March 2026 Dealmaker’s Log reports more than 39 private equity and venture capital transactions across Africa, featuring a roster of active investors such as SPE Capital, RMB Corvest, Nedbank Private Equity, Phatisa, and Partech. The deals span sectors from...
Mastercard Acquires BVNK
Mastercard announced the acquisition of BVNK, a developer‑centric fintech that offers API‑driven card issuance and rapid payment‑flow integration. The deal equips Mastercard with embedded‑finance tools designed to slash merchant onboarding times and streamline consumer checkout experiences. By folding BVNK’s agile...
Startup CPG Newswire: The Neighborhood Beverage Company, Parent Company of Once Upon A Coconut, Acquires Punch’d Energy, Expanding Its Better-For-You...
The Neighborhood Beverage Company (NBC), parent of Once Upon a Coconut, announced the acquisition of Punch’d Energy, a natural‑caffeine gummy brand. The deal adds a patented green‑coffee‑bean formula to NBC’s better‑for‑you lineup, expanding its reach into the functional energy category....
Consortium Led by CEO Max Wygod to Take Forian Private for $68 Million
On April 3 2026, Forian Inc. agreed to be taken private by a consortium led by CEO Max Wygod for $68 million. Shareholders will receive $2.17 per share, a 3.33 percent premium, valuing the company at 2.16 times its annual sales. The deal will close...
The VinePair Podcast: The Middle Tier Is Merging and Morphing
VinePair’s latest podcast highlights a rapid wave of middle‑tier mergers in the U.S. alcohol sector. Reyes Beverage Group (RBG) has deepened its footprint by buying five more RNDC markets, while Southern Glazer’s Wine & Spirits (SGWS) snapped up Anheuser‑Busch InBev’s...
The $1.2 Trillion Private Equity “Comeback”
Global private equity deal value has topped $1.2 trillion, the strongest level since the 2021 peak, signaling a clear market rebound after two years of stalled activity. The resurgence stems from a narrowing valuation gap, as sellers accept lower multiples and...
SV Health Investors Acquires EpiVax
SV Health Investors (SVHI) announced the acquisition of EpiVax, a Providence‑based bioanalytical CRO that specializes in immunogenicity risk assessments for pharma and biotech firms. The deal adds a proven scientific platform, including the ISPRI predictive software and cell‑based assays, to...
Sample Due Diligence Report: Structure and Best Practices
Due diligence reports compile financial, legal, operational, and commercial data to help executives evaluate merger, acquisition, or investment deals. Using a pre‑designed template accelerates data gathering and ensures critical sections—executive summary, company overview, deal details, and risk assessment—are not omitted....
All Roads Lead to Sysco.
Sysco Corp. completed a $29 billion acquisition of Restaurant Depot, merging the nation’s largest on‑site delivery distributor with the leading cash‑and‑carry wholesaler. The combined entity now serves roughly 750,000 foodservice establishments, effectively controlling the majority of both delivery and in‑store purchasing...
Big Tech And AI Power Record $10B+ M&A Deal Surge To Start 2026
Despite geopolitical turbulence, global M&A activity surged in Q1 2026, topping $1.2 trillion in value. Deal count fell 17% year‑over‑year, but average size rose, with 22 transactions exceeding $10 billion—a quarterly record. AI‑related equity stakes drove four of the six largest deals,...
B.P. Marsh Buys Additional 2% Equity Stake in Pantheon
B.P. Marsh has increased its ownership in London‑based wholesale insurer Pantheon to 41% by buying an additional 2% stake, valuing the broker at roughly $352 million. The investment was funded from existing cash reserves and follows an initial 25% purchase in...
Lawfront Acquires Reading Firm Field Seymour Parkes
Lawfront has acquired Reading‑based firm Field Seymour Parkes, adding a practice with roughly $19 million in annual revenue and 85 qualified lawyers. The deal expands Lawfront’s footprint into the Thames Valley and brings a firm that has delivered about 9% compound...
Kingsway: A Different Type of Serial Acquirer
Kingsway Financial Services has launched a publicly‑traded vehicle that mimics the high‑return search‑fund model, allowing retail and institutional investors to participate in serial acquisitions. The firm targets lower‑middle‑market companies, buying them outright or taking controlling stakes, then applying operational expertise...
Nano-Cap SaaS Gem: Headwinds, Green Shoots, and the Private Equity Playbook
The micro‑cap SaaS company posted FY2025 results that mix balance‑sheet strength with top‑line weakness. An at‑the‑market offering wiped out legacy debt, leaving the firm with zero debt and an undrawn credit line. Revenue fell year‑over‑year as its volatile segment faced...
Del. Chancery Addresses When “Mere Puffery” Crosses the Fraud Line
The Delaware Court of Chancery issued a letter opinion in Shareholder Representative Services v. Sphera Solutions, clarifying when optimistic buyer statements cross from mere puffery into actionable fraud. The magistrate held that Sphera’s promise to substantially increase its marketing budget...
Are Bidder-Initiated Takeovers Opportunistic?
The authors test whether bidder‑initiated takeovers exploit private information to overpay with inflated shares, contrasting that view with a rational payment‑design hypothesis. Analyzing 2,968 U.S. public acquisitions from 2000‑2020, they find bidders launch only half of deals and stock financing...
WTW Completes Acquisition of FlowStone Partners: Private Equity New Phase:
WTW has completed its acquisition of FlowStone Partners, adding specialist private‑equity secondary capabilities to its advisory platform. The deal expands WTW’s private‑markets offering, targeting high‑net‑worth and mass‑affluent investors seeking alternative exposure. By merging institutional‑grade secondaries expertise with its wealth‑management reach,...
Goodbye Partner Track, Hello “F2E”: James Bohannon of Belzberg & Co.
James Bohannon of Belzberg & Co. highlighted the fast‑growing “Finance to Entrepreneurship” (F2E) movement, where seasoned finance professionals abandon partner‑track roles in private equity or investment banking to buy and run lower‑middle‑market companies. He explained how F2Es differ from traditional...
AI in Private Equity: Use Cases Across the Deal Lifecycle
AI is reshaping private equity across the entire investment lifecycle, from deal sourcing to exit planning. Firms that deploy AI for document processing report 50‑80% faster deal times and 35‑85% productivity gains in due diligence. A recent survey shows 82%...
Podcast: Adam Back and Sean Bill on Bitcoin Standard Treasury’s $4bn Deal with CEPO
Bitcoin Standard Treasury (BST) announced a $4 billion combination with Cantor Equity Partners I (NASDAQ: CEPO), a SPAC that closed last July. The deal merges BST’s extensive Bitcoin holdings and a novel Bitcoin PIPE with Cantor’s public‑market platform, creating one of the...
InsideArbitrage Special Situations Newsletter: April 2026
InsideArbitrage’s April 2026 Special Situations newsletter updates its Deal‑in‑the‑Works (DITW) pipeline, now cataloguing 1,109 potential transactions dating back to 2017. The report highlights a renewed “relief rally” as the CNN Fear & Greed Index plunged into single‑digit territory on March 30,...
InsideArbitrage Event Driven Monitor – April 1, 2026
Eli Lilly announced a $6.3 billion cash‑plus‑contingent‑value‑right acquisition of Centessa Pharmaceuticals, paying a 37.8% premium, while Biogen launched a $5.6 billion tender offer for Apellis at a 140% premium. Fidelity BancShares agreed to buy Affinity Bancshares for $142.8 million, offering a 17.3% premium, and...
Kairos Risk Solutions Acquires Molto Re, Names Josh Madson as MD, North America
Singapore‑based Kairos Risk Solutions announced the acquisition of Molto Re, a boutique reinsurance adviser, to strengthen its North American presence. The deal brings Molto Re’s client relationships and specialized expertise into Kairos’ portfolio, complementing its AI‑driven risk solutions. Concurrently, Josh...
GEODIS Completes Acquisition of Transports Malherbe
GEODIS has completed its acquisition of French carrier Transports Malherbe after securing regulatory clearance, expanding its footprint in France’s road transport market. The combined entity now generates nearly €2 billion (about $2.15 billion) in FTL and LTL revenue, placing GEODIS among the...
Delaware Law: M&A Checklist
Morris Nichols has released the 2026 edition of its 192‑page “Mergers & Acquisitions: A Delaware Checklist,” available for free download. The guide compiles the most critical Delaware court decisions on fiduciary duties, poison pills, deal protections, appraisal rights, preferred stock...