THL Partners to Sell AMI to Lattice Semiconductor for $1.65bn
THL Partners announced the sale of its semiconductor design firm AMI to Lattice Semiconductor for a cash consideration of $1.65 billion. The transaction, subject to customary closing conditions, is slated to finalize in the third quarter of 2026. AMI brings a portfolio of analog and mixed‑signal IP that complements Lattice’s existing FPGA and low‑power offerings. The deal marks THL Partners’ exit from a five‑year investment in the chip sector.
PEI’s Data Dive: Reading the Signals in Secondaries Sentiment
Private Equity International’s latest podcast episode dissects the inaugural Global Market Survey from Secondaries Investor, revealing fresh sentiment across the secondary market. The data shows a 15% year‑over‑year rise in transaction volume, driven largely by distressed‑asset opportunities. Sellers are demanding...
Allied Industrial-Backed Liberty Waste Solutions Picks up Randolph County Garbage Services
Liberty Waste Solutions, backed by Allied Industrial, has secured the contract to provide garbage collection and recycling services for Randolph County, North Carolina. The agreement expands Liberty’s integrated waste‑management footprint beyond its existing service areas. Allied Industrial’s investment positions the company to...
The No. 1 Reason M&A Deals Fail Before They Even Start
A founder of a four‑year‑old AI startup with early revenue is seeking an exit above its $40 million valuation, but the author warns that most deals fail when expectations diverge from M&A realities. Recent high‑profile AI licensing and talent acquisitions by...
Reverence Capital Partners’ Osaic Gets $2bn of New Capital Through Ares, Lexington-Led CV, Recapitalisation
Reverence Capital Partners has closed a continuation fund for its wealth‑management solutions platform Osaic, raising more than $2 billion of new capital. The financing, structured through a vehicle and a recapitalisation, was led by Ares Management and a Lexington‑partnered co‑investor group....
Paladin in Discussions to Acquire Entourage Talent Associates
Paladin Artists announced it is in advanced discussions to acquire Entourage Talent Associates, formalising a partnership that began in 2021. The acquisition would create a scaled, independent booking firm positioned for growth, adding Entourage’s client base to Paladin’s roster that...
EQT Raises Takeover Bid For Intertek Again
Swedish buyout group EQT has raised its takeover bid for Intertek to £58 per share, valuing the testing and certification firm at £8.93 bn (about $12.1 bn). The new offer represents a 54% premium over Intertek's April 9 closing price, improving on the...
CV Fee Terms Converge Amid a More Competitive Market – Morgan Lewis
Morgan Lewis partner Joe Zargari told Secondaries Investor that fee structures in continuation‑vehicle (CV) transactions are moving toward industry‑wide best‑practice terms. The shift reflects heightened competition among sponsors, who now prioritize alignment and transparency over simply closing deals. As a...
Growth Partner Eyes More PE Exits Following Synergym Deal
Growth Partner, the family office of former HomeServe founder Richard Harpin, has begun ramping up divestments after selling its stake in Spanish fitness chain Synergym. The transaction met Harpin’s internal hurdle of a 2.5‑times return on invested capital, marking one...
China's TCL in Talks with Local Companies to Sell 51% in Indian Plant
Chinese TV giant TCL Electronics is negotiating to sell a 51% stake in its Indian display‑manufacturing plant. The sale is priced at $600‑800 million (approximately ₹5,708‑₹7,611 crore). Potential Indian partners include Dixon Technologies, Epack Durable, Syrma SGS Technology, Amber Enterprises and Uno...
Regis and Vault Surprise with Major Merger
Gold miners Regis Resources and Vault Minerals announced a merger of equals, creating a combined enterprise valued at approximately A$10.7 billion (about $7.1 billion USD). The transaction will give the new entity a sizable cash pile, positioning it for strategic growth and...
Why the Schroder Family Sold Up
The Schroder family has divested its remaining stake in the UK‑based asset manager Schroders, selling roughly £500 million (about $640 million) of shares to institutional investors. The move follows a multi‑year plan to reduce family involvement and fund a diversified portfolio of...
KKR & Co Inc (KKR) Q1 2026 Earnings Call Transcript
KKR reported record fundraising in 2025, raising $129 billion—nearly double the amount two years earlier—and has already secured over 80% of its $300 billion target for 2024‑2026. Fee-related earnings and management fees surged, with a 24% year‑over‑year increase to $1.1 billion in the...
How AI Is Reshaping PR Firm Valuations
AI is transforming public‑relations firms from labor‑based outfits into intelligence‑driven platforms, boosting profitability and scalability. Buyers—especially private‑equity sponsors—are now pricing firms on AI‑enabled productivity, recurring‑revenue services, and data‑rich insights, which lifts recasted EBITDA multiples. Firms that embed AI in repeatable...
Baldwin Reports CAC Buy, Integration Paying Off in Q1
The Baldwin Group’s $1 billion acquisition of CAC Group is ahead of schedule, delivering early revenue and cost benefits. CAC generated $38 million of new business in Q1, a 39% year‑over‑year increase, while Baldwin’s total revenue rose 29% to $532.2 million. Integration has...
Trinity and Sculptor Buy Oceanfront Resort on Florida’s Gulf Coast for $835M
Trinity Investments and Sculptor Real Estate closed an $835 million acquisition of the JW Marriott Marco Island Beach Resort on Florida’s Gulf Coast, financing the deal with a $690 million CMBS loan. The 27‑acre property includes 809 hotel rooms, two 18‑hole golf courses,...
Amex to Sell Travel Unit Stake for $1.5B
American Express announced it will divest its 30% stake in Global Business Travel Group (GBTG), generating $1.5 billion from the transaction. The sale is part of a broader $6.3 billion deal that hands GBTG to Long Lake Management, backed by General Catalyst...
If GameStop Buys eBay, Bitcoin Payments Could Suddenly Have a 135M-Buyer Marketplace Test Case
GameStop has launched an unsolicited $55.5 billion cash‑and‑stock offer to acquire eBay at $125 per share, representing a 27% premium to the 30‑day average price and 36% to the 90‑day average. The proposal is financed half by cash and liquid assets,...
GameStop's CEO Is Annoyed You Don't Understand How He's Buying eBay
GameStop announced a $56 billion bid to acquire eBay, proposing a mix of cash and stock. CEO Ryan Cohen appeared irritated during a CNBC interview when pressed about financing, directing viewers to the company website for details. While GameStop holds a...
Duravant Renames Company It Acquired
Duravant, a leading automation‑technology provider, announced that the Matthews Automation Solutions unit it bought in 2025 will operate under the new name Pyramid. The rebrand highlights Pyramid’s warehouse execution system (WES) and warehouse control system (WCS) software, as well as...
Genco Shipping & Trading to Review Diana Shipping’s Unsolicited Tender Offer
Genco Shipping & Trading (GNK) disclosed that Diana Shipping (DSX) has launched an unsolicited cash tender offer of $23.50 per share, identical to its March proposal. Genco’s board, which previously rejected the offer as undervaluing the company, is reviewing the...
The Pipeline: SDC Halfway with $1.5bn, Infranity Nears €3bn Target, Stonepeak Leads $6bn Utility Deal
SDC announced it is halfway to its $1.5 billion target for its fifth digital infrastructure fund, having secured roughly $750 million. European manager Infranity is close to closing a €3 billion (~$3.3 billion) fund aimed at core infrastructure assets. In the United States, Stonepeak...
UCB to Acquire Maker of Antibody Treatments for Autoimmune Diseases
UCB announced a definitive agreement to acquire a privately held biotech that develops monoclonal antibody treatments for autoimmune diseases. The target company’s portfolio includes candidates for rheumatoid arthritis, lupus and multiple sclerosis, complementing UCB’s existing immunology assets. Financial terms were...
GameStop Is Making a Bid to Buy eBay in a Deal Its CEO Admits Could Be ‘Totally, Totally Foolish’
GameStop, the $12 billion meme‑stock retailer led by Ryan Cohen, has announced a bid to acquire eBay for roughly $46 billion, a valuation about four times its own market cap. The proposal would rely on substantial debt financing as GameStop seeks to...
GameStop Launches a $56 Billion Bid for eBay — but the Math Isn’t Working...
GameStop has unveiled a $55.5 billion offer to acquire eBay, proposing an even split of cash and stock at $125 per share. The proposal triggers a sharp divergence in market reaction, with eBay stock climbing 5% while GameStop plunges 10%. Analysts...
Audax Sale of HVAC Service Provider Nextech Progresses, Sources Say; More PE Deals Expected in Roofing, Landscaping and Remodeling
Audax Group is advancing the sale of Nextech, its HVAC service platform, after months of confidential marketing. Sources say the company is being valued at roughly $500 million and a buyer could be secured by the third quarter of 2024. The...
Mercedes Bid for Alpine Could Be Blocked by FIA Multi-Team Rule Change
Mercedes is among four bidders for a 24% stake in Alpine, a deal valued at roughly $450 million. FIA president Mohammed Ben Sulayem signaled that the governing body is reviewing a rule to prohibit multi‑team ownership, which could block Mercedes’ minority purchase....
Bain Capital, Sixth Street and Harvest Partners Back Power Home Remodeling
Bain Capital, Sixth Street and existing backer Harvest Partners have jointly backed Power Home Remodeling in a fresh financing round. Harvest Partners will continue as the company’s largest shareholder, while the new capital from Bain and Sixth Street bolsters growth...
Audax Advances Bidders Into Second Round of Sale Process for Nextech, Sources Say
Audax has moved the Nextech sale into a second‑round bidding phase, with interested parties valuing the commercial HVAC specialist at roughly $1.5 billion, or about 15 times its EBITDA. The process, now in its advanced stage, reflects strong private‑equity appetite for climate‑control...
Blackstone, Saudi Wealth Fund Collect £4m Dividends From Four Morrisons Stores
Private equity giant Blackstone and the Saudi sovereign wealth fund collected about $5.1 million in dividends from four Morrisons supermarket properties. The assets, bought for roughly $140 million in a 2023 sale‑and‑leaseback deal, were financed with an $84 million loan from Israel’s Leumi...
Cybersecurity M&A Roundup: 33 Deals Announced in April 2026
April 2026 saw a surge of cybersecurity consolidation, with 33 deals announced across the sector. Notable transactions include Airbus buying French firm Quarkslab to bolster European sovereign cyber capabilities, and Palo Alto Networks’ $120‑140 million acquisition of AI gateway startup Portkey....
More Eye-Popping Mergers Ahead: Comcast And Charter?
Comcast and Charter are exploring a merger that would unite roughly 26 million video subscribers, representing about 20 percent of U.S. households. The deal is driven by two forces: a 15‑year decline in traditional pay‑TV subscriptions and the need to bolster weakening...
Verdict on Serta LME Uptiers Expected Soon
The Fifth Circuit Court of Appeals has overturned a 2023 summary judgment that favored lenders in the controversial Serta Simmons liability management exercise (LME). The case returned to bankruptcy Judge Christopher Lopez, who is expected to align with the appellate...
Diana Takes Genco Battle Directly to Shareholders with Tender Offer for Stock
Greek tanker owner Diana Shipping has launched a cash tender offer to acquire all remaining shares of rival Genco Shipping & Trading. The bid follows months of stalled talks with Genco’s board, which declined to discuss Diana’s all‑cash proposal or...
Integrum, Lightyear and Ontario Teachers’ to Invest in Wealth Management Advisor Allworth Financial
Integrum Capital, Lightyear Capital, and Ontario Teachers’ Pension Plan have announced a joint investment in Allworth Financial, a boutique wealth‑management advisory firm. The three investors, who have previously backed Allworth, are deepening their commitment to the firm’s growth strategy. While...
Ebusco Is in Talks with Strategic Investors over Potential Sale of Bus Division
Ebusco disclosed that it is in advanced talks with strategic investors about selling a controlling stake in its bus division. The company posted 2025 revenue of €76.6 million (about $84 million) but still recorded a net loss of €71 million (≈$78 million) after cutting...
Forrest Said to Sell Wyloo’s Yangibana Rare Earths Stake in Pivot to Nickel
Australian mining magnate Andrew Forrest is putting Wyloo Metals' 60% stake in the Yangibana rare‑earths project up for sale, with bids due by end‑May. The Western Australian deposit, which has already seen about $132 million (A$200 million) spent on infrastructure, still needs...
ARCHIMED to Acquire Esperion Therapeutics for ~$1.1B
Archimed announced a definitive agreement to acquire Esperion Therapeutics for up to $1.1 billion, taking the company private and delisting it from NASDAQ. Esperion shareholders will receive $3.16 in cash per share plus a contingent value rights (CVR) package worth roughly...
StepStone Alums Launch Advisory Shop to Build Customized Portfolios for Smaller LPs
Former StepStone executives Brey Jones and John McGuinness have launched Thirdpath, an advisory firm that builds customized private equity and private credit portfolios for institutional investors. The boutique targets smaller limited partners seeking tailored exposure rather than standard fund allocations....
GameStop Offers R930 Billion for eBay
GameStop has offered to acquire eBay for about $56 billion, a 20 % premium of $125 per share paid half in cash and half in stock. The proposal is backed by a non‑binding $20 billion debt commitment from TD Bank and promises $2 billion of...
Knorr-Bremse Completes Travis Acquisition for CVS Push
Knorr‑Bremse has completed its acquisition of Travis Road Services International, adding a digital booking network to its Commercial Vehicle Systems (CVS) Service Platform. Travis links more than 3,500 service partners across 26 European countries, enabling fleets to find, book and...
Repay Holdings Corp (RPAY) Q1 2026 Earnings Call Transcript
Repay Holdings reported Q1 2026 revenue of $80.8 million, a modest 4% year‑over‑year increase, while Business Payments surged 18% and adjusted EBITDA reached $34.4 million, delivering a 43% margin. Free cash flow was $5.4 million with a 16% conversion rate, and the vendor...
Verifone Owner in Talks to Buy Payments Firm Moneris
Canadian banks RBC and BMO are in advanced talks with private‑equity firm Francisco Partners to sell Moneris, Canada’s largest merchant payment processor, in a deal valued at more than $2 billion. Moneris handles over 5 billion transactions a year, making it a...
Greene King Selling 150 Pubs over ‘Unprecedented Costs’, Boss Says
Greene King, one of the UK’s largest pub operators, announced it will put up to 150 pubs on the market as part of a broader plan to offload 300 locations, half of which will be converted to leased or tenanted...
Three US Potential Buyers Emerge for Shell’s LNG Canada Stake
Shell is weighing a partial sale of its 40% stake in LNG Canada, with U.S. firms KKR, Apollo Global Management and Blackstone eyeing up to 30% of the holding. The transaction could generate $10‑$15 bn, valuing the full stake between $25 bn...
The Remarkable Revival of eBay
eBay, the pioneering online auction site, has staged a notable comeback after years of market share erosion. In 2025 its gross merchandise volume rose 18% year‑over‑year, pushing active buyers past 190 million. The turnaround attracted attention from GameStop, which disclosed a...
Editorial. Costly Remedy
Sun Pharma announced an $11.75 billion acquisition of Organon, a U.S. pharma firm with roughly $6.2 billion in annual revenue. The deal comes as the Trump administration prepares 100% tariffs on certain patented drugs, pressuring generic exporters to secure domestic supply chains....
Lakshmi Mittal, Poonawalla-Led Group to Buy IPL Franchise for $1.65 Billion
A consortium led by steel billionaire Lakshmi Mittal and vaccine tycoon Adar Poonawalla has agreed to buy the Indian Premier League franchise Rajasthan Royals for $1.65 billion, the highest price paid for an IPL team. Mittal will own about 75% of...
European Corporate Divestitures in Healthcare Technology and MedTech: 2026 Trends, Predictions and Analysis
European healthcare‑technology and MedTech firms are entering a "Great Rationalisation" in 2026, pruning non‑core assets as loan maturities of €86.2 billion loom and global M&A volume is projected at $3.9 trillion. The pivot is driven by higher interest rates, a looming pharmaceutical...
San Diego Padres Sale Agreed To With Investor Group; MLB Must Approve Deal
The San Diego Padres have agreed to sell control to an investor group headed by entrepreneur Kwanza Jones and private‑equity billionaire José E. Feliciano. The transaction, announced by the late owner Peter Seidler’s family, values the franchise at a record‑setting...