M&A: Denarius Targets Emerita in Spain’s Zinc-Copper Belt
Denarius Metals has tabled a non‑binding all‑share offer for Emerita Resources, pricing the deal at a 15% premium to Emerita’s April 10 close. The transaction would value Emerita between $25 million and $29 million, depending on its fully diluted share count, and would merge Emerita’s Iberian Pyrite Belt assets with Denarius’s existing Spanish projects and its operating gold‑silver mine in Colombia. Denarius says the combined platform would provide diversified cash flow, processing flexibility at Aguablanca, and access to a Saudi Arabian refining and trading joint venture. The proposal awaits board approval, due diligence and shareholder support.
Goldman CEO: Scale Eclipses Geopolitical Concerns in M&A
Goldman Sachs reported a 19% jump in first‑quarter profit to $5.63 billion, driven by a 22% rise in global banking revenue to $12.74 billion and a 48% surge in investment‑banking fees. CEO David Solomon said the urge to scale through mergers and...
Mattress Firm Parent Somnigroup to Buy One of Its Suppliers for $2.5B
Somnigroup International, the parent of Mattress Firm, announced an all‑stock acquisition of longtime supplier Leggett & Platt for roughly $2.5 billion. The deal, approved by both boards, will combine two historic companies into a single entity with 175 manufacturing sites in 36 countries...
Osaic Raising Capital with Bain a Likely Investor
Osaic Holdings, the former Advisor Group now owned by Reverence Capital Partners, is launching a $3.7 billion continuation fund to extend its private‑equity ownership beyond the typical five‑to‑seven‑year horizon. The fund, valued at roughly $10 billion, would let early investors cash out...
Vann York Auto Group Acquires Hyundai, Kia Stores
In March, Vann York Automotive Group bought the Hyundai and Kia dealerships in High Point, North Carolina, expanding its footprint to eight rooftops and 11 franchises. Group president Greg York emphasized that scale improves human‑resources, compliance and finance capabilities, while...
As Mergers and Acquisitions Soar, Agencies Point to a ‘Fragmented’ Market
Mergers and acquisitions are accelerating across the event‑marketing sector as agencies chase live‑event demand, AI capabilities, and private‑equity backing. Publicis Groupe bought 160over90 to cement a sports‑marketing platform, while Nth Degree merged with INVNT to offer end‑to‑end B2B event services....
The OG of Private Credit: You Are What You Eat
The article argues that in private credit, the quality of deal sourcing determines portfolio outcomes. It traces the asset class back to the core middle market, where lenders focused on SME loans backed by private‑equity sponsors with conservative terms. As...
Commvault Explores Sale Amid Private Equity Interest
Commvault Systems, a $3.5 billion data‑protection software firm, is weighing strategic alternatives, including a sale, after receiving interest from private‑equity players and strategic buyers. The company has hired Goldman Sachs to run the process, with Thoma Bravo reportedly re‑engaging after an...
Michael Ovitz Wants Back In. Will Hollywood Have Him?
Michael Ovitz, the former CAA co‑founder who left Hollywood two decades ago, may return as chairman of Universal Music Group if Bill Ackman's $64 bn takeover succeeds. Ackman is offering a 78% premium—$5 per share plus equity—to buy a controlling stake...
Big M&A Deals Roar Back to the Forefront
M&A activity surged in Q1 2026, with 12 mega‑deals worth $10 billion or more—a record for a first quarter and the strongest quarter since 2008. The total value of all transactions reached $438 billion, up 155% from a year earlier, while large...
Loan Note: ‘Asset-Light’ Model Under Scrutiny; Square Nine Teams with Liberty Mutual
The private‑equity‑driven “asset‑light” model, popular in private credit, is facing heightened scrutiny over risk concentration and valuation transparency. Meanwhile, debt platform Square Nine announced a strategic partnership with insurer Liberty Mutual to expand its capital‑raising capabilities. In the UK, pension...
Blackstone Files for Its New Data Center Acquisition Vehicle to Go Public
Blackstone has filed with the SEC to launch a new data‑center acquisition vehicle that will go public as a SPAC. The offering includes a sweetener: investors who purchase at least 100 shares will receive an additional 1% of their investment...
OpenGate-Backed S&G Sells Delaney Hardware
OpenGate‑backed private‑equity firm S&G has completed the sale of its portfolio company Delaney Hardware to Hillman Solutions Corp. The transaction, undisclosed financially, transfers ownership of the regional hardware distributor to Hillman, a growing player in the construction‑materials market. The move...
Hungry Private Equity Eyeing up Commvault
Private equity firm Thoma Bravo, among others, is evaluating a bid for data‑protection specialist Commvault, which is currently exploring sale options with Goldman Sachs. The company posted record Q3 FY2026 revenue of $314 million and surpassed $1 billion in annual recurring revenue,...
CIP Sells Summerfield Battery to Palisade
Copenhagen Infrastructure Partners has sold its 100% stake in the 240 MW/960 MWh Summerfield Battery Energy Storage Project near Adelaide to Palisade Investment Partners via Intera Renewables. Construction, which began in February 2025, is now substantially complete, with energisation slated for May 2026 and...
Aksia’s Fornaio Del Casale Strikes Trio of Food Deals
Fornaio del Casale, now owned by private‑equity firm Aksìa, has completed three add‑on acquisitions—Castelfood, Figulì and Dolciaria Ponte Vecchio—creating the new Equipe Del Casale Group. The combined entity will generate roughly €85 million ($99 million) in revenue and is targeting 10% growth...
Ping An to Trim $1bn Software Private Equity Exposure via Secondary Sale
China's Ping An Insurance Group is arranging a secondary sale of roughly $1 bn of software‑focused private‑equity fund stakes, with placement agent Campbell Lutyens advising. The assets include late‑2010s Vista Equity Partners funds and a North America‑focused KKR vehicle. This follows...
STG Picks up Freight Management Software Firm Carrier Logistics Inc
STG announced the acquisition of Carrier Logistics Inc., a freight‑management software provider. The deal will embed advanced agentic AI frameworks into CLI’s platform, aiming to automate routing, capacity matching, and real‑time decision making. By combining STG’s capital and market reach...
Court Square Capital Hits $3.8bn for Oversubscribed Fund V, First Vehicle Since 2022 Succession Changes
Court Square Capital Partners closed its fifth flagship fund, Fund V, at $3.8 billion, surpassing its original target. The raise was oversubscribed, reflecting strong limited‑partner demand. It marks the first fund launched after the firm’s 2022 senior‑partner succession. The new capital...
Radiology Partners Reportedly Eyeing International Expansion
Radiology Partners, the United States' largest radiology group, is reportedly pursuing an acquisition of Australia’s I‑MED Radiology Network, which operates over 240 clinics and generated roughly AU$176 million (about US$116 million) in adjusted earnings last year. The move follows RP’s earlier bid...
ActivumSG Sells Majority Stake in VanWonen to Dutch Investor Consortium
ActivumSG, a Singapore‑based real estate investment manager, is selling a majority stake in Dutch residential platform VanWonen to a consortium of Dutch investors. The firm originally acquired VanWonen in February 2020, adding the landlord’s roughly 5,000 rental units to its...
Louis Roederer Enters Talks for Burgundy Estate
Louis Roederer has entered exclusive talks to acquire Domaine Pierre Damoy, an eight‑hectare Burgundy estate in Gevrey‑Chambertin known for Grand Cru wines. The deal would give the Champagne house access to premier Chambertin, Chambertin‑Clos de Bèze and Chapelle‑Chambertin vineyards. This...
The Pipeline: Gigaclear Lenders’ Haircut, Church Commissioners Expands Timberland Strategy and Blackstone’s Rowan Minority Stake
Lenders have taken control of UK fiber‑optic provider Gigaclear after imposing a substantial debt haircut, effectively reshaping its balance sheet. The Church Commissioners are expanding their timberland portfolio through a value‑add strategy, adding new forest assets to diversify their pension...
Kornit Digital Acquires PrintFactory to Accelerate the Industry’s Transition to Digital, On-Demand Production
Kornit Digital announced the acquisition of Netherlands‑based PrintFactory, a cloud‑native workflow and color‑management software provider. The deal integrates PrintFactory’s automation platform with Kornit’s digital printing hardware, creating an end‑to‑end ecosystem that links demand generation, production workflow, and fulfillment. PrintFactory’s technology...
PolyPeptide Draws Takeover Interest From EQT and KKR
Swiss contract development and manufacturing firm PolyPeptide Group AG is drawing acquisition interest from private equity giants EQT and KKR, with Advent International also evaluating a bid. The potential deal could involve billionaire controlling shareholder Frederik Paulsen Jr, easing transaction...
EQT Joins Bidding Race for Royal Challengers Bengaluru
Swedish private equity firm EQT has entered the auction for the Indian Premier League franchise Royal Challengers Bengaluru (RCB). The firm is competing with existing owners and other suitors, with the sale rumored to exceed $1.5 billion. EQT sees the sports‑entertainment...
WPP Hires Advisors for Potential Burson Sale – Report
WPP has engaged financial advisers to evaluate a possible sale of its public‑relations arm, which includes the Burson communications agency. The move signals the first formal step in a potential divestiture of the PR division, a business segment that contributes...
China’s TCL Is Said to Consider Stake Sale in India TV Business
TCL Electronics Holdings Ltd. is exploring a sale of a stake in its Indian TV manufacturing unit, targeting at least $200 million from local investors. The move mirrors a recent transaction by fellow Chinese maker Haier, which sold 49% of its...
Thoma Bravo to Wind Down Growth Equity Strategy
Thoma Bravo, the software‑focused private‑equity powerhouse, announced it will wind down its growth‑equity strategy by running off its existing Growth Fund and will not raise a new vehicle. The decision follows the departure of the two co‑heads who ran the...
Zen Says Sale Talks Progressing Well, All Parties “Deeply and Strategically Aligned” On Renewables
Zen Energy, the Adelaide‑based gentailer focused on baseload renewables, says it is deep into sale negotiations with a preferred strategic buyer, amid reports that Swiss trader Gunvor Group is the exclusive contender. The company disclosed a $133.6 million AUD (≈$88 million USD)...
Partners Group Exits Green Tea Group Following Hong Kong IPO
Swiss private equity firm Partners Group is exiting its nearly nine‑year investment in Hong Kong casual‑dining chain Green Tea Group by selling its entire 15.96% stake, more than 106 million shares. The disposal includes a block trade of over 60 million shares...
Business Valuation: How to Find Your Business’s Value
A business valuation translates a company’s history, brand and market position into a cash figure, serving investors, owners, banks and tax authorities. The article outlines why valuations are essential for M&A, shareholder buy‑ins, ESOP updates, divorce settlements and tax planning....
Leonard Green Nears $3 Billion Deal for Cumming Group, FT Says
Private‑equity firm Leonard Green & Partners is nearing a deal that would acquire construction‑project consultancy Cumming Group for about $3 billion, including debt, according to the Financial Times. Cumming, currently owned by New Mountain Capital, advises on large‑scale infrastructure programmes such...
Private-Equity Funds’ Woes Mean Bargains for Savvy Investors
Listed private‑equity funds are trading at deep discounts—often 30% or more—to net asset value (NAV) as investors doubt exit prospects after a multi‑year slump. Exits have begun to recover, reaching $1.3 trillion in 2025, the second‑largest year on record, and continuation...
Would Danone Sell Its Lifeway Stake?
Danone, which owns about 23% of kefir maker Lifeway Foods, has made two failed acquisition bids totaling $283 million and $307 million in 2024. After a lawsuit and a series of negotiations, the companies signed a cooperation agreement in October 2025 that...
Megadeal Rumored for Russian VTB Bank and E-Commerce Major Wildberries
Russia's state‑controlled VTB Bank and e‑commerce giant Wildberries are reportedly in talks about a merger or equity swap that could reshape the country's digital finance landscape. Wildberries generated roughly $67 bn in gross merchandise value in 2025, a 49% year‑on‑year increase,...
Sumitomo Forestry Bets Big on US Housing Market, Eyeing Local Majors
Japanese construction giant Sumitomo Forestry announced a $4.2 billion acquisition of U.S. builder Tri Pointe Homes, expanding its North‑American footprint. The purchase is expected to increase Sumitomo's U.S. housing supply by roughly 60%, giving it a sizable platform in a market facing...
WPP Explores Sale of Flagship PR Agency Burson
WPP is exploring a sale of its flagship public‑relations agency Burson, formed in 2024 from the merger of BCW and Hill & Knowlton and employing about 6,000 people worldwide. The potential divestiture would represent a near‑complete exit from the PR sector and...
Billionaire Broncos Owners Buy 40% of Rockies
The Walton‑Penner family, owners of the Denver Broncos, has purchased a 40% minority stake in the Colorado Rockies, becoming the franchise's largest minority investor. Valued at roughly $1.68 billion, the Rockies have long been one of MLB’s lowest‑spending clubs and have...
What General Atlantic’s $3B TEAM Bet Says About Home-Based Care’s Evolution
General Atlantic acquired home‑care platform TEAM Services for roughly $3 billion, a deal reported at a 10‑times multiple. The purchase highlights a shift toward tech‑enabled, infrastructure‑heavy providers that blend direct care with payroll and Medicaid financial‑management services. TEAM’s portfolio, bolstered by...
Sallie Mae Raises $2.3 Billion in SLABS From Its Smart Option Pool
Sallie Mae Bank is issuing $2.3 billion of asset‑backed securities backed by its Smart Option student‑loan pool. The ABS will be sold in five tranches, with the A‑1B tranche floating at rates tied to the 30‑day average SOFR and repayments starting...
Ackman's $64 Billion Universal Bet Hinges on Power Broker Bollore
Bill Ackman's $64 billion unsolicited bid for Universal Music Group hinges on French billionaire Vincent Bolloré, who controls just under 32% of the label through direct shares and Vivendi holdings. Bolloré’s consent is essential; without it the transaction cannot close. His group’s...
Blackstone’s Galakatos on Scaling Deals with $6.3B Fund: ‘Broader, Further’
Blackstone’s Galakatos team announced a new $6.3 billion private‑equity fund aimed at scaling the number and size of its transactions. The fund will pursue a broader geographic footprint and deeper sector coverage, focusing on later‑stage growth and buy‑and‑build opportunities. Galakatos plans...
Deloitte Enters Rugby League as NRL Super League Investment Talks Near
Deloitte has been appointed by Rugby League Commercial (RL Commercial) as a strategic advisor as talks intensify over a potential investment by Australia’s NRL into the UK’s Super League. The firm recently advised on the sale of eight Hundred franchises...
Global PE Dealmaking Shows Resilience Despite Renewed Tariff Uncertainty, War in Iran
Global private‑equity dealmaking proved surprisingly resilient in 2023, according to new PitchBook data. The total value of PE‑backed mergers and acquisitions held steady at roughly $1.2 trillion, while the number of transactions rose about 4% year‑over‑year to 6,800 deals. Even as...
Interra Buys 4.5M SF Greenway Plaza Office Campus In Receivership Sale
Interra Capital Group has purchased the 4.5 million‑square‑foot Greenway Plaza office campus in Houston, assuming the $465 million loan that placed the property in receivership. The deal, announced on April 10, 2026, brings the distressed asset under new ownership and appoints CBRE to...
Partial Permit for Heide Plant as Lyten/Northvolt Repays Millions
Lyten, a U.S. battery maker, has obtained a key partial permit to begin construction of a battery‑cell factory in Heide, Germany, reviving a project once led by insolvent Swedish firm Northvolt. The plant will be scaled down to about 1,000...
Finance Titans Bet Mideast Resilience Will Outweigh War Fallout
Wall Street’s biggest banks and private‑equity firms are deepening their Gulf foothold despite Iran’s missile attacks and a two‑week cease‑fire. Blackstone announced a $250 million private‑equity commitment, while Citi’s CEO Jane Fraser reiterated confidence in the region. Goldman Sachs is pursuing...
The Value Gap Between Internal Succession and External Transactions
Accounting firms now face a widening valuation gap between internal succession buyouts and external sales. Internal buyouts typically range from 80% to 120% of revenue and are paid over several years, while external transactions command 1.5‑3× revenue with 50‑70% cash...
Top Biotech Deals in March 2026
Biotech M&A activity peaked in March 2026 with twelve announced deals, eight of which were multi‑billion‑dollar transactions. The largest was Lilly’s $7.8 billion acquisition of Centessa, adding an orexin‑receptor‑2 program for narcolepsy. Other marquee deals included Biogen’s $5.6 billion purchase of Apellis, Merck’s...
