TrueLayer Acquires Dutch Fintech In3 to Offer Credit at Checkout
UK‑based payments fintech TrueLayer has acquired Dutch credit‑specialist In3 to add buy‑now‑pay‑later and other credit options to its open‑banking platform. The deal, terms undisclosed, expands TrueLayer’s pay‑by‑bank network—currently focused on debit—to become Europe’s only provider offering both debit and credit at checkout. TrueLayer processes over $150 billion in annualised payment volume and serves merchants such as Amazon, Just Eat Takeaway and Coinbase. The acquisition positions the company as a potential independent alternative to Visa and Mastercard in Europe.
Eurazeo Snaps up Majority Stake in T1A Group
Eurazeo has acquired a majority stake in T1A Group, a French firm that refurbishes and redeploys end‑of‑use IT equipment. T1A’s circular‑economy model extends device lifespans, cutting carbon emissions, water use and electronic waste. The deal deepens Eurazeo’s exposure to sustainable...
Tourism Holdings Receives Revised Takeover Approach From BGH Consortium
Tourism Holdings (ASX: THL) received a revised cash takeover offer of NZ$3.10 per share (≈ $1.86 USD) from a BGH Capital‑led consortium that already controls about 19.9% of the stock. The proposal, contingent on due‑diligence and board approval, expires on 12 June 2026. Concurrently,...
AAHI’s SLA-SE Adjuvant Technology Powers Lilly’s Acquisition of Curevo’s Next-Generation Shingles Vaccine
Eli Lilly has agreed to acquire Curevo Vaccine, securing its Phase‑3‑ready shingles shot CRV‑101, which incorporates Access to Advanced Health Institute’s (AAHI) proprietary SLA‑SE adjuvant. The adjuvant is designed to boost T‑cell immunity while maintaining a favorable safety profile, positioning the...
Bain Capital to Sell Estia Health to Stonepeak
Bain Capital, which bought Australian aged‑care operator Estia Health in December 2023, announced plans to sell the business to U.S. infrastructure investor Stonepeak. The transaction is reported to be valued at roughly A$1.5 billion (about US$1.0 billion). The deal would exit Bain’s...
Advaya Capital Snaps up Movie Box Office Data Provider Comscore Movies in Carveout
Advaya Capital has completed the acquisition of Comscore Movies, the box‑office data arm of media measurement firm Comscore. The deal is structured as a carve‑out, separating the movie‑tracking business from Comscore’s broader analytics platform. While financial terms were not disclosed,...
What Kinderhook Hopes to Gain From $1.1bn Take-Private of Enhabit
Kinderhook Industries announced a $1.1 bn take‑private transaction for Enhabit, the largest remaining independent senior‑living operator in a highly fragmented market. The acquisition marks a strategic push to consolidate the sector, where larger players are rapidly absorbing smaller chains. Kinderhook plans...
Monroe Capital Backs Warburg Pincus Investment In Cornerstone Caregiving
Monroe Capital has arranged a senior credit facility to fund Warburg Pincus’s investment in Cornerstone Caregiving, a rapidly expanding home‑based hospice and palliative care provider. Cornerstone, founded in 2020, now operates hundreds of locations across the United States. The deal underscores...
Caesars Entertainment Being Acquired For $6B By Golden Nugget / Houston Rockets Owner Fertitta
Fertitta Entertainment is set to acquire Caesars Entertainment for a cash price of $5.7 billion while assuming roughly $12 billion of Caesars' debt, bringing the total transaction value to about $17.6 billion. The deal offers Caesars shareholders $31 per share, a 49% premium...
JD.com’s US$2.6 Billion Bid for Germany’s Ceconomy Faces Deeper EU Scrutiny
The European Commission has opened a formal investigation under its Foreign Subsidies Regulation into JD.com’s €2.2 billion (≈US$2.6 billion) offer for German electronics retailer Ceconomy. Regulators suspect Chinese state financing, tax incentives or grants may have given JD.com an unfair price advantage...
Buyers and Sellers Pay over $25,000 for Legal Counsel per LP-Led Fund Interest
Research from AI workflow platform AltConvey shows that legal counsel fees in LP‑led fund interest transactions frequently exceed $25,000 per party. The study found fees ranging from zero up to roughly $79,000, depending on deal complexity and counsel selection. Both...
Seik Becomes Part of the HTI Group
High Technology Industries (HTI) Group has purchased a majority stake in Seik srl, an Italian specialist in motorized carriages for aerial ropeways. The acquisition integrates Seik’s Skydumper, a 40‑metric‑ton payload unit, into HTI’s existing material‑transport solutions such as the Flyingbelt...
Caesars Agrees to $5.7 Billion Takeover by Tilman Fertitta
Caesars Entertainment has accepted Tilman Fertitta’s $5.7 billion all‑cash offer, pricing shares at $31 each—a 49% premium to earlier rumors and 7% above the prior close. The deal also transfers $11.9 billion of Caesars’ existing debt to Fertitta Entertainment, and it is...
Why Beauty Is The Hottest Bet In Consumer M&A
The first half of 2026 saw a surge in beauty‑focused M&A, with deals like Unilever’s $1.2 billion purchase of Grüns and L’Oréal’s $4 billion acquisition of Kering Beauté. Private‑equity firms are also active, snapping up brands such as Salt & Stone. Buyers...
JD.com’s €2.2 Billion Ceconomy Deal Hit by EU Subsidy Probe
Chinese e‑commerce giant JD.com has offered €2.2 billion (about $2.6 billion) to buy Germany’s Ceconomy, the owner of MediaMarkt and Saturn. The European Commission opened a full review under its new Foreign Subsidies Regulation, marking the first Chinese‑backed transaction scrutinized under the...
Publicis Groupe Indonesia Acquires Inter Pariwara Global and iLab Indonesia
Publicis Groupe Indonesia has acquired Inter Pariwara Global and iLab Indonesia, adding roughly 150 media professionals to its Spark Foundry Indonesia network. The integration broadens the agency’s capabilities across both global and local client portfolios, reinforcing Publicis’ push to blend local...
Carlyle Builds Out Middle-Market Play in Aerospace and Defense
Global private‑equity firm Carlyle Group announced a new middle‑market platform focused on aerospace, defense, and government assets across the United States and Europe. The initiative, led by Aaron Hurwitz, Wes Bieligk and chaired by long‑time veteran Ian Fujiyama, adds former...
Data Center Firm DigitalBridge in $1.1B Deal to Buy ArcLight
DigitalBridge Group announced a $1.05 billion acquisition of ArcLight Capital Partners, a private power‑plant operator with 20.8 GW of assets and a 15 GW project pipeline. The deal creates an alternative‑asset platform valued at over $150 billion, linking power generation with AI‑driven digital infrastructure....
Carlyle’s Ian Fujiyama Sees Attractive Opportunities in ADG Services; Rationale Behind GHO and CBC Merger
Private‑equity firm Carlyle’s senior partner Ian Fujiyama highlighted attractive investment opportunities in the administrative and data‑governance (ADG) services sector, citing strong demand for digital transformation among mid‑market firms. He also explained the strategic rationale behind the merger of health‑care operators...
Flying Tiger Copenhagen Acquired by Modella Capital
Flying Tiger Copenhagen, the Danish variety retailer with more than 1,100 stores in 44 countries, has been bought by Modella Capital, the owner of Hobbycraft and TG Jones. The chain generated roughly £588 million (about $750 million) in its latest fiscal year. Modella...
Futurum Enters Definitive Agreement to Acquire ETR Parent Aptiviti
Futurum Group has signed a definitive agreement to acquire Aptiviti, the parent of Enterprise Technology Research (ETR), with the deal expected to close this quarter. The acquisition will merge Futurum’s analyst‑driven intelligence platform with ETR’s Technology Spending Intentions Survey, which...
Bolloré Urges Universal Music Group to Reject Bill Ackman’s $64B Takeover Bid
Chairman Cyrille Bolloré, who controls 28% of Universal Music Group, publicly urged the company’s management to reject Bill Ackman’s $64 billion takeover proposal. Ackman’s Pershing Square bid values UMG at about $64.4 billion, a 78% premium, and would merge the label into...
CPP Investments Sells Portfolio of 33 Fund Interests to Blackstone, Ardian
The Canada Pension Plan Investment Board (CPP Investments), which manages roughly C$780.7 billion (about US$578 billion) in assets, has completed the sale of a diversified portfolio of 33 limited‑partner interests in private‑equity funds. The stakes were purchased jointly by Blackstone and Ardian....
Deal Roundup: CVC Sells Naturgy Stake Worth About €4bn, Arsenal Capital Buys Into Velcro
CVC Capital Partners has sold its 13.8% stake in Spanish utility Naturgy for roughly €4 bn (about $4.3 bn), marking an eight‑year exit after its initial investment. Two months earlier, BlackRock off‑loaded an 11.4% holding for €2.79 bn ($3.0 bn), underscoring a wave of...
Ampere Analysis Acquires PlumResearch, Accepts Investment From Goldenpeak
Goldenpeak, a newly launched private‑equity firm, has acquired a majority stake in Ampere Analysis, marking its first institutional investment. At the same time, Ampere purchased streaming analytics specialist PlumResearch to broaden its audience‑measurement capabilities. The combined entity will integrate detailed...
Procurement Is the Choke Point. Everything Else on Day 1 Is Downstream of That.
Day 1 of SmallSat Europe 2026 highlighted that Europe’s space boom is hamstrung by an outdated procurement system. Current defense‑space contracts are classified by default, letting cleared primes win without competition. The panel pointed to the UK MOD’s 13‑startup contract program and...
Greencore Shares Slide as M&S Sandwich Supplier Counts Cost of Bakkavor Takeover
Greencore, the FTSE 250 food manufacturer that supplies M&S and other supermarkets, posted a half‑year loss of £13.4 million (≈$17 million) after integration expenses from its £3.2 billion (≈$4.1 billion) Bakkavor takeover. Revenue grew 3.2% to £1.3 billion (≈$1.65 billion), but a £60.6 million (≈$77 million) transaction fee...
CVC Divests 13.8% Stake in Naturgy for $4.65bn
CVC Capital Partners has sold its entire 13.8% stake in Spanish utility Naturgy for about $4.65 bn, pricing shares at €28.55 ($30.2) each—a 4.64% discount to market. The accelerated book‑building process was led by Goldman Sachs and was heavily oversubscribed, though Naturgy...
Latimore, Jindal Steel Shortlisted as Whyalla Bidders
Australian coal magnate Matt Latimore’s M Resources and India’s Jindal Steel have been shortlisted as the two preferred bidders for the distressed Whyalla Steelworks. The plant, Australia’s sole integrated steel producer, has been idle amid financial strain, and Bluescope Steel...
Gas-Based Hydrogen Hopeful Among Shortlisted “Low-Emission” Proposals for Troubled Whyalla Steelworks
Australia’s Whyalla steelworks and the nation’s only manganese smelter are nearing new ownership after a competitive shortlist was announced. M Resources, backed by Hazer Group’s low‑emission hydrogen technology, and India’s Jindal Steel emerged as the two final bidders, while BlueScope...
BlackRock ‘Sees Merit’ in More Large-Scale Mining M&A
BlackRock’s portfolio manager Olivia Markham said the firm supports further consolidation among large miners, arguing that bigger, liquid companies attract generalist investors and can fund complex projects. Recent talks between Glencore and Rio Tinto on a potential $240 billion merger fell...
Destination XL Board Unanimously Rejects Bid From Zodiac Partners
Destination XL’s board unanimously rejected Zodiac Partners II’s all‑cash tender offer of 82 cents per share, a $46 million deal that represented a 26% premium to the prior close. The board cited the offer’s heavy financing conditions and lack of committed equity as...
Behind the Scenes of the GHO and CBC Healthcare Merger
GHO and CBC announced a merger that will create the world’s largest healthcare private‑equity investor. The combined entity will pool billions of dollars in capital, linking deal flow from Western markets with fast‑growing opportunities in Asia. Co‑chief executives say the...
Covenant Trends – 5/25/2026
Covenant Trends released its May 25 2026 data set detailing how companies allocate synergies and cost‑saving initiatives as EBITDA addbacks across different time horizons. The accompanying chart visualizes the distribution of short‑term, medium‑term and long‑term addbacks, and the full spreadsheet is available...
New Mountain-Backed Swoop Snaps up Prescription Management Platform Nimble
Swoop, a healthcare engagement platform backed by New Mountain Capital, announced the acquisition of Nimble, a prescription‑management solution. The deal, terms undisclosed, adds Rx‑refill automation and EHR integration to Swoop’s suite. By merging Nimble’s technology, Swoop aims to broaden its...
Swoop Gets Nimble
Swoop, the healthcare‑marketing firm majority‑owned by New Mountain Capital, has acquired Nimble, a prescription‑management platform that serves more than 16 million customers in independent pharmacies across all 50 states. The deal expands Swoop’s offering from patient‑engagement to prescription fulfillment, allowing life‑science...
Apollo Makes £1.5bn Approach for UK Industrials Group Bodycote
Apollo Global Management has reportedly made a £1.5 billion (~$1.9 billion) approach to acquire UK industrial services firm Bodycote, valuing the company at roughly £4.5 billion (~$5.7 billion). At the same time, South Korea is tightening oversight of overseas private‑credit exposure, while the UK...
Digest: Uber Still Keen on Delivery Hero?
Uber’s board is weighing a higher offer for Delivery Hero after its initial €38‑a‑share proposal—roughly $41 per share—was rebuffed. A revised bid would push the target valuation past €11.5 bn, about $12.5 bn, positioning Uber as the dominant player in Europe’s fragmented food‑delivery...
Lantheus Weighs Potential Sale with $7B Valuation
Lantheus Holdings, a leading radiopharmaceutical developer, is reportedly entertaining a sale that could fetch a valuation close to $7 billion. Bloomberg cited sources saying Curium Pharma, a nuclear‑medicine specialist owned by CapVest Partners, is the primary suitor. Both companies have declined...
MUFG Explores Options for Stake in Indonesia’s Danamon Including Take-Private Deal: Sources
MUFG is evaluating options for its 92.5% stake in Indonesia's Bank Danamon, including a take‑private or a partial sale to boost the public float required by new regulations. Danamon is valued at roughly 47 trillion rupiah (about $3.1 bn) and holds assets...
Tax Planning for Carve-Out and Take-Private Transactions: Use of Selective Section 338 And/Or 336 Elections
A vintage tax strategy using selective Section 338(g) or 336(e) elections can let a private‑equity buyer offset a built‑in gain in one subsidiary with a built‑in loss in another during a carve‑out or take‑private deal. By pushing the election down to...
Ex-KPMG Led Accounting Giant Stalls £1bn Sale
Ex‑KPMG veteran Warren Mead’s Sumer Group, a private‑equity‑backed consolidator of UK accounting firms, has paused a planned £1 billion ($1.27 bn) sale. The firm, which has bought more than 34 independent practices, generates roughly £300 million ($381 m) in annual revenue and employs about...
There's More to M&A Success than a Good Purchase Price
Mark Lukes warns that focusing solely on the headline purchase price can mislead sellers in M&A deals. He introduces the concept of “guardrails”—contractual terms that allocate risk, set expectations, and control how value is transferred over time. The article stresses...
Shawbrook Weighs Aldermore Bid as Firstrand Looks to Offload Challenger Bank
Shawbrook Bank, which listed on the London Stock Exchange last October, is weighing a merger with rival challenger Aldermore. Aldermore’s owner, South‑African group Firstrand, put the bank up for sale after allocating £750 m (about $950 m) to the FCA’s £9 bn motor‑finance...
4 Reasons JPMorgan Should Buy Revolut
JPMorgan Chase, a $850 billion market‑cap bank, could consider buying Revolut, the European neobank now valued at about $75 billion. Revolut’s technology, culture of rapid iteration, and 70‑plus million global users give it a super‑app edge that legacy banks struggle to replicate. An...
Adani, GMR Among Shortlisted Bidders for $400 Million IntelliSmart Deal
IntelliSmart Infrastructure, a joint venture of NIIF and EESL, is being sold for an equity value of about $400 million (₹3,700 crore). Four bidders – Adani Energy Solutions, GMR Smart Electricity Distribution, Genus Power Infrastructures and Partners Group – have been shortlisted...
FinTech M&A in 2026: What Buyers Are Paying For
FinTech M&A surged in 2025, delivering a record number of deals and valuations. Venero’s Q1 2026 Master Report shows buyers have shifted from chasing headline growth to demanding strategic fit, proven revenue models, and regulatory robustness. The market now rewards quality...
Shein’s Everlane Takeover Signals Growing Stress Across the Retail Economy
Fast‑fashion powerhouse Shein announced the acquisition of sustainable apparel brand Everlane, a move that underscores mounting pressure on mid‑market retailers. Everlane, which built its reputation on ethical sourcing and transparency, said the partnership would provide financial stability as discretionary spending...
Surat-Based Anupam Rasayan India to Acquire Upto 74.2 per Cent in Bliss GVS Pharma
Surat‑based Anupam Rasayan India Ltd announced it will acquire up to 74.2% of Mumbai‑listed Bliss GVS Pharma Ltd, beginning with a 43.3‑48.2% equity purchase followed by an open offer to public shareholders. The transaction is valued at more than ₹1,360 crore...
Uber and DoorDash Sound Out Investors for Delivery Hero Bid
Uber and DoorDash are canvassing investors to fund a joint bid for Germany‑based Delivery Hero, the European food‑delivery heavyweight. Sources say the consortium is targeting a transaction value around $30 billion, which would create the world’s largest delivery platform. The companies...