Top 3 SPAC Targets – Battery Makers
The SPAC market is re‑energizing, and battery manufacturers are emerging as prime targets. Amprius Technologies saw its share price climb to $14.72 after a CEO change, while South Korea’s SK On secured a 7.2 GWh BESS contract and a 100 GWh supply deal with Nissan, reporting $8 billion in revenue. German‑origin Sonnen is rolling out a Texas program with 600 MWh of storage, aiming to triple capacity, and U.S. startup Form Energy boasts a 75 GWh backlog, including a 12 GWh order for AI data‑center batteries. These firms are eyeing SPACs to gain faster liquidity and U.S. market access.
World’s Oldest Watch Store Acquired by Patek Philippe
Beyer Chronometrie, the world’s oldest watch shop with a 266‑year legacy, has been sold to Patek Philippe and will close at the end of 2026. The historic Zurich Bahnhofstrasse location will be transformed into an enlarged, brand‑exclusive Patek Philippe boutique....
CapVest Completes Majority Acquisition of Stada
CapVest Partners LLP has completed the acquisition of a majority stake in Germany’s STADA Arzneimittel AG, a leading consumer‑health, generics and specialty pharma group. The deal follows STADA’s record 2025 performance, with revenue of €4.3 billion (approximately $4.73 billion) and adjusted EBITDA of €961 million...
Fidelity BancShares Acquires Affinity Bancshares for $142.8 Million in a Cash Deal
Fidelity BancShares announced a cash acquisition of Georgia‑based Affinity Bancshares for $142.8 million, paying $23 per share—a 17.35% premium to the prior close. Affinity contributes roughly $882 million in assets and a portfolio focused on commercial real‑estate, construction, and small‑business lending. The...
M&A Trends: PE Take Privates on the Rise
EY Parthenon’s February 2026 report shows private‑equity‑backed take‑private deals rising 9% month‑over‑month, while overall M&A deal value jumped 139% as transaction volume fell 15%. Large‑scale deals are driving the surge: transactions of $100 million + grew 224% in value and $1 billion + deals surged...
Sullivan & Cromwell Discusses FDIC Rescission of Policy Statement Limiting Participation of Private Investors in Failed-Bank Acquisitions
On March 19, the FDIC rescinded its 2009 Statement of Policy that limited private‑equity participation in failed‑bank acquisitions, aiming to broaden the pool of bidders and reduce resolution costs. The move follows a pilot program that pre‑qualifies nonbanks for asset...
Odds Against Tomorrow
Tomorrow Ltd., a private‑equity‑backed fashion brand accelerator, was sold to e‑commerce holding Progetto 11 in March 2026. Progetto also owns The Level Group, a Milan‑based end‑to‑end solutions platform that offers identical business‑operations services for emerging designers. The Level Group will now...
Coatue Projected $1.995 Trillion Valuation for Anthropic in 2030
Coatue Management disclosed a projection that AI safety startup Anthropic could reach a $1.995 trillion valuation by 2030. The firm’s model shows a $14 billion EBITDA loss on $18 billion revenue in 2026, rising to $48 billion EBITDA on $200 billion revenue by 2031. Recent...
Talent Agencies: Who Leads the Next Era?
Talent agencies are increasingly leveraging high‑margin brand and marketing partnerships to outpace traditional commission‑based talent representation. Landmark deals such as CAA’s 1991 Coca‑Cola consulting contract demonstrated the profitability of corporate collaborations, a model now replicated by agencies with partners like...
Cris Collinsworth Retains PFF Media Arm in $100M+ Teamworks Acquisition
Teamworks has completed the acquisition of Pro Football Focus’s business‑to‑business data platform in a deal valued at more than $100 million. The B2B analytics unit will operate under Teamworks’ brand while the consumer‑facing media arm stays with former owner Cris Collinsworth. Collinsworth...
How to Sequence Your Search Raise Investor Conversations
The article argues that the order of investor conversations is crucial when raising a search fund. Early meetings should be with people who already know the entrepreneur, allowing the founder to practice the pitch and secure soft commitments that act...
Amethis Buys Majority Stake in Côte D’Ivoire’s Ademat
Amethis has acquired a majority stake in Côte d’Ivoire‑based power security provider Ademat, buying out SPE Capital’s controlling position. Founded in 1983, Ademat now offers the full value chain from generation to maintenance, including gas‑powered generators and solar panels. Under...
Activism: Portfolio Optimization as a Driver of M&A Activism
Alvarez & Marsal’s March 2026 US Activist Alert identifies three forces fueling M&A‑related activism: higher foreign direct investment, a push for portfolio optimization, and tighter margin discipline. The report cites Elliott Management’s recent campaigns at Honeywell and PepsiCo as proof that activists...
Alaska Buying JetBlue? Not So Fast
Alaska Air is eyeing JetBlue as a potential acquisition, attracted by the combined route map and East Coast foothold. The deal would give Alaska access to Boston, JFK slots, the Mint premium brand, and a fleet of A321LRs suited for...
The M&A Accretion/Dilution Model Every Founder and Investor Should Run Before Any Deal
The VC Corner blog post unveils a free seven‑sheet Excel model that lets founders and investors run a full accretion/dilution analysis on any M&A transaction. The tool calculates whether the acquiring company’s earnings per share (EPS) will rise or fall...
Tesla and SpaceX to Merge in 2027, Wall Street Analyst Predicts
Wall Street analyst Dan Ives predicts that Tesla and SpaceX will merge in 2027, citing growing operational overlap and shared AI ambitions. The forecast follows Tesla’s $2 billion investment in xAI being converted into a sub‑1% equity stake in SpaceX and...
SUSE Acquires Losant; KORE Acquired in $726 Million Deal
SUSE announced the acquisition of Losant, a leading Industrial IoT platform, to evolve from an edge‑infrastructure provider into a full‑stack IIoT leader. The deal expands SUSE's Edge portfolio with Losant's visual workflow engine, device orchestration and real‑time analytics, promising faster...
CrossCountry Mortgage to Acquire Two Harbors for $8.45 Billion
CrossCountry Mortgage announced an $8.45 billion acquisition of Two Harbors Investment Corp., a leading mortgage REIT. Two Harbors common shareholders will receive $10.8 in cash per share, a 5.26% discount to the prior close, while Series A‑C preferred holders will be...
InsideArbitrage Event Driven Monitor – March 27, 2026
The InsideArbitrage Event Driven Monitor highlights a series of high‑profile M&A moves, including the $22 billion merger‑of‑equals between Equitable Holdings and Corebridge Financial, and Henkel's $1.4 billion cash acquisition of Olaplex at a 55% premium. Servier has opened a tender offer for...
The Gravity of Capital: Understanding the Waterfall That Makes LBOs Possible
Leveraged buyouts rely on a strict payment waterfall that prioritizes operating expenses, senior debt, reserves, seller notes, and finally buyer equity. The hierarchy ensures banks’ capital is protected while the entrepreneur’s equity bears performance risk, driving deleveraging through cash‑flow allocations....
ZIM Seeks Executive Bonuses as $4.2bn Sale to Hapag-Lloyd and FIMI Advances
ZIM is seeking shareholder approval for a $924,000 retention bonus for CEO Eli Glickman as part of its pending $4.2 billion sale to Hapag‑Lloyd and Israeli private‑equity fund FIMI. Thirteen other senior executives could receive up to $5.4 million in similar payouts,...
Morning SPAC News Roundup: March 26, 2026
The March 26, 2026 SPAC Insider morning roundup is a subscription‑only briefing that aggregates the day’s special‑purpose acquisition company (SPAC) developments. The page offers no free headlines, requiring a monthly plan to view detailed deal announcements, de‑registrations, and market commentary. While the...
Henkel to Acquire Olaplex for $1.4 Billion in Cash
Henkel AG announced a cash acquisition of Olaplex Holdings for $1.4 billion, offering $2.06 per share—a 54.9% premium to the prior close. The deal values Olaplex at 13.72 times its EBITDA and is slated to close in the second half of...
The Consolidation Cycle Is Beginning
Higher education is entering an early consolidation cycle as asset‑focused acquisitions give way to broader institutional combinations. Federal officials are signaling a move to streamline merger approvals by 2027, while demographic decline and persistent operating deficits tighten financial pressures. Credit...
Syneos Health Expands China Operations with Bestudy CRO Acquisition
Syneos Health completed the acquisition of Shanghai‑based Bestudy Medical Technology on March 20, 2026, adding a fast‑growing Chinese CRO to its global network. Financial terms were not disclosed, and Bestudy will continue operating independently under its own brand. The deal...
Mutual Benefit: How Private Equity Is Supplying Capital to US Mutuals
Private‑equity firms are increasingly channeling capital into U.S. mutual insurers, addressing longstanding funding gaps and technology shortfalls. In the past year, roughly $1.2 billion of preferred equity and mezzanine financing has been deployed across 12 mutual carriers. The capital is earmarked...
Dash0 Acquires Lumigo to Expand Agentic Observability Across AWS and Serverless
Dash0 announced the acquisition of Lumigo, a leading AWS‑native and serverless observability provider, to broaden its OpenTelemetry‑first platform. The deal adds deep Lambda expertise, LLM visibility, and AI‑driven operations capabilities, while integrating Lumigo’s Tel Aviv team. Combined, the firms will serve...
Urbania Acquires Binge Audio to Bridge Podcasts and TV
Montreal‑based media company Urbania announced the acquisition of Binge Audio, the independent French‑language podcast network known for hits such as "Les Couilles sur la table" and "Programme B." The deal gives Urbania a portfolio of popular podcasts with an estimated...
Palm Primary Care Expands in Tarrant County with Acquisition of Two Clinics in Azle
Palm Primary Care, backed by MBF Healthcare Partners II, has acquired two primary‑care clinics in Azle, Texas, expanding its Texas network to nine locations across Tarrant and Dallas counties. The two sites, Azle Central and Azle Parkway, will continue operating...
Heritage Global: A Distressed Asset Platform Trading at 5x EV/EBIT and Near Liquidation Value
Heritage Global Inc. (NASDAQ:HGBL) operates a multi‑segment distressed‑asset platform that trades at less than 70% of book value and roughly 5.5 × EV/EBIT, placing it near liquidation pricing. The San Diego‑based firm has posted profits every year since 2018 and exhibits counter‑cyclical...
Harris Health Alliance Acquires eRedbook to Enhance Digital Child Health Across the NHS
Harris Health Alliance (HHA) completed an asset purchase of eRedbook from Heathersoft, adding the UK’s most established digital parent‑held child health record to its portfolio. eRedbook captures health and development data from birth to age five, linking parents with NHS...
Cencora to Expand Retina Consultants of America Through Acquisition of EyeSouth Partners’ Retina Business
Cencora, Inc. announced a definitive agreement to acquire EyeSouth Partners’ retina business for $1.1 billion, integrating the physicians into its Retina Consultants of America (RCA) network. The acquisition is expected to be slightly accretive to adjusted diluted EPS within the first...
Mike Barker: How a 90-Day Pause Added $12 Million to the Sale
Mike Barker, CEO of House of Cheatham, paused the sale process for 90 days to shore up the company’s financial and operational profile before accepting a private‑equity offer. During the pause he produced a quality‑of‑earnings report, commissioned an environmental study,...
Spreadsheets for M&A: When Excel Breaks & What to Use Instead
Excel remains the default tool for corporate development teams to track M&A pipelines because it requires no onboarding and offers immediate flexibility. However, as deal volume and team size grow, spreadsheets suffer from version‑control chaos, fragmented deal context, and collaboration...
Premerger Notification Office Accepting Old HSR Form Again
A Fifth Circuit panel denied the FTC’s request for a stay, activating a district court ruling that vacates the 2024 HSR filing form. As a result, the FTC’s Premerger Notification Office will again accept the pre‑February 10 2025 HSR form, though filers...
Dealflow.es #505: Bluetile Gaming Studio Acquired for $100M+. Freepik's Journey.
Indian gaming leader Nazara Technologies announced the acquisition of a 50% stake in Barcelona‑based Bluetile Bestplay for roughly $100 million. Bluetile, founded in 2019, boasts over 350 million lifetime installs and generates more than $150 million in annual revenue from its social casino...
Fourth Mobile Network in Germany: 1&1 Denies Sale Rumors and Focuses on Expansion
Ralph Dommermuth, CEO of United Internet and 1&1, dismissed rumors of a sale to Telefónica, confirming the firm’s commitment to its own fourth mobile network in Germany. By the end of 2025 the network reached roughly 27 percent of households, with...
AEW Owner Tony Khan Put in Bid to Purchase WWE
In 2023 WWE was sold to Endeavor for $9.3 billion, creating the TKO holding company that now combines WWE with UFC. During the sale process several parties submitted cash bids, including AE & E owner Tony Khan’s Base 10 vehicle, which offered $76.83 per...
Should We Raise Capital?
Chenmark’s founders reflect on why they never took a $20 million external fund between 2015 and 2019, opting instead to bootstrap their hold‑co model. The lack of capital forced disciplined cash‑flow reinvestment, lean talent acquisition and a culture of shared risk....
AGM Alts & Wealth Weekly News Roundup | 3.20.26
The AGM Collective announced the launch of its AGM Community, an advisory board of RIA executives, and its first RIA field trip in New York for May 19‑20. Across the private‑markets landscape, asset managers are pivoting toward high‑net‑worth (HNW) households,...
Pharma M&A Roundup: Novartis to Acquire Pan-Mutant-Selective PI3Kα Inhibitor From Synnovation Therapeutics, Collegium to Acquire Azstarys From Corium Therapeutics
Novartis announced a deal worth up to $3 billion to acquire SNV4818, a pan‑mutant‑selective PI3Kα inhibitor aimed at hormone‑receptor‑positive, HER2‑negative breast cancer. The transaction includes $2 billion upfront and potential milestones exceeding $1 billion, with closing expected in early 2026. Collegium Pharmaceutical agreed...
Podcast: Building the Defense Backbone: Precision Aerospace & Defense and FACT II (FACT)
Precision Aerospace & Defense Group and FACT II Acquisition Corp announced a $310 million business combination, turning the defense‑supplier roll‑up into a publicly traded entity via a SPAC. The deal, disclosed in December, positions Precision to build an EBITDA‑positive network of critical...
Sale of Business Non-Competes: The Forfeiture for Competition Alternative
Mayer Brown’s March 2026 memo urges acquirers to replace traditional non‑compete covenants with forfeiture‑for‑competition (FFC) clauses after Delaware courts increasingly invalidate non‑competes on reasonableness grounds. An FFC ties a supplemental cash benefit to the seller’s agreement not to compete, and because...
Huge M&A Deals: Netflix’s Acquisition of AI Film-Tech Company InterPositive
In early March 2026 Netflix announced a landmark acquisition of InterPositive, an AI‑driven filmmaking startup founded by Ben Affleck, for up to $600 million, largely cash with earn‑out provisions. The deal gives Netflix immediate access to tools that can correct lighting,...
Rollover Equity: A Business Owner’s Guide to Negotiating Terms and Maximizing Exit Outcomes
Rollover equity lets sellers reinvest part of their sale proceeds into the acquiring entity, giving them a minority stake and a potential "second bite of the apple" when the business is later sold. Private equity firms use it to reduce...
Adenia Partners Fund Reaches $180m Hard Cap
Adenia Partners announced the first close of its Adenia Entrepreneurial Fund I at a hard cap of $180 million, surpassing the original $150 million target in under a year. The fund targets control investments in small and lower mid‑cap African companies, the...
InsideArbitrage Event Driven Monitor – March 19, 2026
The March 19 InsideArbitrage Event Driven Monitor highlighted several high‑profile merger‑arbitrage moves, including SunOpta’s April 16 shareholder meeting following an Ontario court order and Saltchuk’s cash tender offer for Great Lakes Dredge’s 5.25% senior notes due 2029. The Department of...
Synergie Acquires Majority Stake in Agilus Work Solution
Synergie has closed the acquisition of a majority stake in Agilus Work Solutions, Canada’s eighth‑largest staffing provider. Agilus, which reported roughly CAD 300 million in 2025 revenue across 14 branches, specializes in temporary and permanent staffing for technical, engineering, IT and natural‑resource...
DExit Proposals: The IR Side of the Equation
The article highlights investor‑relations (IR) factors that boards must weigh when considering a Delaware exit (DExit) and reincorporation elsewhere. It stresses candidly assessing current shareholder relationships, starting the evaluation early, and avoiding surprises through proactive engagement. Companies should conduct a...