Easyjet Attracts Takeover Interest From US Private Credit Firm
Easyjet, the UK‑based low‑cost carrier valued at roughly $3.8 billion, has attracted takeover interest from US private‑credit firm Castlelake, which manages about $36 billion in assets. Castlelake disclosed it is in the early stages of evaluating a possible offer but has not yet approached Easyjet’s board, and must decide by June 26 under UK takeover rules. The airline faces a tough operating environment, with jet‑fuel costs soaring after Middle‑East tensions and a projected loss of $700 million for the year to March, up from $500 million a year earlier. Shares have slumped more than a third in the past twelve months, reflecting competitive pressure from rivals such as Ryanair and Wizz air.
Cyient to Buy US' TAO Digital for $218 Mn to Boost AI, Data Engineering Capabilities
Cyient announced the acquisition of U.S.-based TAO Digital Solutions for an enterprise value of about $218 million (₹2,071 crore). The deal, slated to close by Q2 FY27 pending regulatory clearance, aims to strengthen Cyient’s artificial‑intelligence, data‑engineering and product‑engineering services. TAO Digital, founded...
Yum Is in Exclusive Talks to Sell Pizza Hut to LongRange
Yum! Brands has entered exclusive talks to sell its Pizza Hut chain to private‑equity firm LongRange Capital, outpacing rival bidder Sycamore Partners. Pizza Hut’s contribution to Yum’s revenue has fallen to roughly 12% in 2025, with annual sales just above $1 billion, while...
Universal Rejects Billionaire Bill Ackman's Takeover Bid
Universal Music Group rejected Bill Ackman's Pershing Square £48 bn ($64.3 bn) takeover offer, labeling it fundamentally undervalued. The board defended CEO Sir Lucian Grainge’s strategy and promised enhanced financial disclosures to better assess value. Ackman’s bid, aimed at moving Universal to...
Changes at CBS Put Pressure on California AG to Challenge Paramount-Warner Bros. Deal
The Department of Justice is poised to approve a $110 billion merger between Paramount Skydance and Warner Bros. Discovery, creating the biggest Hollywood consolidation in decades. At the same time, Paramount’s CBS unit is undergoing a major news‑division overhaul, including changes to the flagship...
Trump Floated the Idea of a 15% Government Stake in a Massive Railroad Merger
President Donald Trump floated a 15% federal equity stake in the $71.5 billion Union Pacific‑Norfolk Southern merger, a deal that would create the largest U.S. freight railroad. The Surface Transportation Board paused the transaction for a deeper public‑interest review, citing unclear...
Tilman Fertitta, Del Taco, Clover Food Lab
Tilman Fertitta’s Fertitta Entertainment is set to acquire Caesars Entertainment in a $17.6 billion deal that includes $11.9 billion of debt, adding more than 50 casino‑hotel resorts to his portfolio of restaurants. Del Taco announced a new $1 value menu featuring ten...
Kinderhook’s Matt Bubis Reveals Enhabit Consolidation Plans; AEA, Bridgepoint, Kohlberg Eye Oncology
Kinderhook Industries’ managing partner Matt Bubis outlined a plan to consolidate Enhabit, a leading hospice provider, with additional operators to create a national platform. The firm sees scale as a way to improve payer contracts and service quality in a...
How Consolidation, New Sweeteners and Retail Pressure Are Redefining Food
Ingredion has announced a $3.7 billion bid to acquire Tate & Lyle, a move that could forge a $10 billion global ingredient leader focused on texture, fortification and sugar‑reduction solutions. At the same time, biotech firm Amai Proteins secured Singapore regulatory clearance for its high‑intensity...
Portman Fund Acquires The Westin Peachtree Plaza, Atlanta
Portman Hospitality Fund I LP has purchased the 1,073‑room Westin Peachtree Plaza in downtown Atlanta from Marriott International, while retaining Marriott as the long‑term operator. The acquisition aligns with Portman’s strategy to target large, branded full‑service hotels in prime U.S....
MidOcean to Sell Zonda to CoStar Group
MidOcean Partners announced it will divest its portfolio company Zonda to real‑estate data giant CoStar Group. The transaction, terms undisclosed, follows CoStar's recent spree of acquisitions aimed at expanding its SaaS offerings for commercial property professionals. Zonda, founded by Jeff...
IFF Enters Into Agreement to Sell Its Food Ingredients Business to CVC
International Flavors & Fragrances (IFF) agreed to sell its Food Ingredients business to funds advised by CVC Capital Partners for an enterprise value of about $4.3 billion, retaining a 10 percent minority stake worth roughly $200 million. The divestiture, part of a broader...
PE Seeks Assets in Oncology: 6 Deals
Private equity firms are intensifying their focus on oncology, with six deals announced in the latest quarter. AEA Investors, Bridgepoint and Kohlberg are among the active buyers, targeting a mix of drug development, diagnostics and radiotherapy assets. The wave of...
Apollo and Blackstone Plan $36bn Private Credit Package to Fund Anthropic’s Google TPU Deal
Apollo Global Management and Blackstone are arranging a roughly $36 billion private‑credit facility to finance Anthropic's acquisition of Google tensor processing units (TPUs). The SPV will buy the chips and lease them back to Anthropic, with lease payments forming the primary...
DEEP DIVES | Q1 2025 AM Financials & Business Deals in Review
Nano Dimension completed its April 2025 acquisition of MarkForged for $116 million, a deal that followed a brief, costly stint with Desktop Metal. MarkForged generated roughly $70 million of Nano’s $102.4 million revenue this year, but the company still faces a $15 million annual...