M&A
Bernstein Downgrades Deutsche Telekom on T-Mobile US Risks; BT Named Top European Telecom Pick
Analysts cut Deutsche Telekom’s valuation amid uncertainty over a potential U.S. merger and German broadband competition, while BT’s outlook improves with Openreach stabilization and reduced capital expenditure.
UBS Faces Regulatory Burden, Explores Potential U.S. Mergers Amid Swiss Policy Shift
Swiss regulatory tightening on UBS’s foreign subsidiaries spurs speculation over a potential U.S. acquisition, including with Morgan Stanley, as the bank seeks to mitigate stricter capital requirements.
Helvetia Baloise Shifts Integration to Day-to-Day Operations, Targets 650M Francs
Combined insurer moves integration from central project office to operational lines, citing faster-than-expected legal merger and new AI transformation role.
Helvetia Baloise H1 Profit Drops on Merger Charges, Underlying Earnings Jump
Swiss insurer reports IFRS net income of 84.6M CHF, down sharply from 320.1M, hit by accelerated amortisation of 671.7M in merger intangibles; underlying earnings more than double to 631.6M.
Elmet to expand EU refractory metals footprint with German tungsten assets
Elmet Group’s acquisition of ams OSRAM’s tungsten and molybdenum operations in Schwabmünchen, Germany, expands its critical materials capabilities and marks its first EU manufacturing presence.
Aebi Schmidt raises 2030 revenue target to CHF 3 bln on M&A, synergies
Swiss industrial group lifts long-term revenue and EBITDA margin goals after Shyft acquisition, targeting 50% organic growth and 50% from deals. Management cites margin expansion from U.S. footprint and after-sales expansion.
SEC clears VerifyMe-OpenWorld merger for shareholder vote
U.S. regulator approves business combination that would create blockchain-focused OpenWorld, Inc., trading as OPNW on NASDAQ after shareholder approval on Sept. 24.
Nemera owners weigh €3 bln sale after GLP-1 device demand surge
French drug delivery device maker Nemera attracts takeover interest amid surging demand for GLP-1 weight-loss and insulin delivery systems. Owners in early sale process.
Private equity owners explore Nemera sale after GLP-1 device demand surge
Astorg and Montagu evaluate exit from drug delivery device maker Nemera, potentially valuing the company at €3 billion. Advisory process to begin in coming months.
Workday’s Silver Lake talks set valuation floor for software M&A
Silver Lake’s potential $224/share bid for Workday signals a 15x FY28 EV/FCF floor for enterprise software deals. European peers Nemetschek and Sage surged on the news, while Workday’s earnings call avoided deal speculation.
Calian completes C$51.5M acquisition of Galaxy Broadband
Upfront payment of C$24M made with C$27.5M earnout tied to closing conditions. Deal expands Calian’s remote connectivity and satellite communications capabilities.
Perion to buy in-store retail media firm PRN for up to $12 million
Deal adds 4,500+ store networks and $3 million in projected 2027 EBITDA. Perion says acquisition is accretive from closing with no disruption to retailer ties.
Siemens Energy to spin off Transformation of Industry unit amid focus shift
Energy group to separate industrial division valued at over €10 billion, with analysts citing improved investment focus and simplification of group strategy.
Martin Marietta closes $2B limestone reserves deal with Lhoist North America
Acquisition adds over 2 billion tons of reserves to Martin Marietta’s portfolio, expanding its lime and limestone business. Financial terms remain undisclosed.
Startups continue buying startups at high pace in 2026
More than 440 venture-backed startups have acquired others in the first half of 2026, with AI and fintech firms leading the trend. Deal flow remains robust despite a slight dip in overall counts.
Vision Marine signs non-binding reverse takeover deal with unmanned systems firm
Aiming to shift into autonomous systems, Vision Marine Technologies will merge with an undisclosed private company in a deal requiring $25 million in financing and $100 million in purchase orders by 2027.
nVent to buy Maverick Power for $1.75 billion in data center push
Deal expands nVent’s power infrastructure portfolio with low- and medium-voltage switchgear for data centers. Financing includes bridge loan from Bank of America.
Valerio Therapeutics to buy Etherna for €30 million in cash-and-shares deal
The €30 million acquisition, funded partly by a €40.25 million PIPE, will expand Valerio’s pipeline with Etherna’s immunotherapies. Shareholder vote set for October 2026.
Valerio Therapeutics to acquire Etherna for €30 million in cash, stock deal
French biotech Valerio secures €40.25 million PIPE financing to fund €30 million acquisition of Etherna Immunotherapies. Deal subject to shareholder vote in October 2026.
Shell explores $8 bln sale of U.S. chemicals assets as Exxon, LyondellBasell eye bid
Shell is seeking buyers for its U.S. chemicals operations, including the Monaca complex, with potential deals valued up to $8 billion. Exxon and LyondellBasell are among the bidders evaluating the assets.
Bernstein explores Hershey-Mondelez tie-up or acquisition
Analysts model a potential Hershey takeover of Mondelez, projecting EPS dilution or accretion depending on leverage and synergy assumptions. No official talks reported.
Bernstein sees Hershey-Mondelez tie-up as long-term option
Analysts model a potential Mondelez acquisition by Hershey, projecting EPS dilution or accretion depending on leverage and synergy targets. Governance hurdles remain significant.
JPMorgan poaches Bank of America’s tech M&A head for North America role
David Fishman joins JPMorgan as vice chair and head of technology M&A in North America, reporting to the firm’s co-heads of tech investment banking and global M&A chief. Fishman spent 15 years at BofA, most recently co-leading its TMT M&A.
Bidco’s Pinewood.AI takeover support falls to 46.72% amid share sales
Support for U.K. Piston Bidco’s recommended acquisition of Pinewood Technologies Group plc has declined as Feoh Investments UK LLP reduced its stake. The current backing covers 53.78 million shares.
Gamma confirms talks with Waterland on potential buyout
U.K. telecoms provider Gamma says preliminary discussions with Waterland Private Equity could lead to a full acquisition. A binding offer or withdrawal is due by Sept. 18, 2026.
LivePerson adjourns AI merger vote, reschedules to Sept. 2026
Preliminary results show over 97% support for SoundHound deal, but company remains short of required voting threshold. Special meeting adjourned after initial session.
CK Hutchison seeks $1.5 bln in Panama port arbitration claim
Hong Kong conglomerate files claim after Panama's Supreme Court annulled port concessions, citing damages exceeding $1.5 billion. Dispute centers on Balboa and Cristobal terminals.
Canada regulator moves to block B&G Foods’ Green Giant sale to Nortera
Competition Bureau files tribunal challenge over proposed $1.2 billion deal for Green Giant and Le Sieur Canadian operations. B&G Foods vows to pursue alternatives.
Commerzbank retires shares as UniCredit nears majority stake
UniCredit’s stake in Commerzbank rises to 49.65% after share buyback retirement, with 3.36% subject to conversion options. Commerzbank’s board had delayed retirement amid takeover dispute.
JD.com offers EU concessions in Ceconomy takeover probe
Chinese e-commerce giant proposes remedies to address Brussels' concerns over MediaMarkt-Saturn deal. EU regulator targets alleged state subsidies and deepens antitrust scrutiny.
EFG sells UK wealth unit to Canaccord Wealth for strategic focus
EFG International to divest Harris Allday’s client assets and front-office teams to Canaccord Wealth, improving CET1 ratio by 30bps and boosting pre-tax profit by CHF 20 million. Deal expected to close Q4 2026.
Oasis urges Kakaku.com to reject EQT bid, seek higher price
Activist investor Oasis Management calls for Japanese online platform Kakaku.com to reject a 3,570 yen bid from EQT-led consortium, citing Bain Capital’s higher 3,640 yen offer as more realistic.
KKR takes minority stake in India’s BookMyShow for live entertainment push
Global investment firm acquires undisclosed stake in India’s largest ticketing and live events platform. Deal subject to regulatory approvals.
CCC Intelligent shares surge 8% on takeover report
Software firm's stock jumps after Bloomberg reports Copart is considering an acquisition. Copart shares dip 0.6% in reaction.
Rockpool Acquisitions’ ELG takeover delayed by funding shortfall
European Lingerie Group failed to secure required investor capital, delaying its reverse takeover by Rockpool and raising recovery risks for the British firm.
KKR bids $9 billion for UGI in U.S. energy push
Private equity giant KKR offers $42.50 per share for UGI Corp, a 21% premium, amid rising demand for reliable energy infrastructure. Deal would create a major U.S. utility player.
Francisco Partners to buy Weave for $650 million in cash
The deal values Weave at a 34% premium to its prior close and will take the healthcare software firm private in Q4 2026.
Arxis closes $770 million acquisition of Omnetics Connector
Deal valued at $770 million enterprise value, with Arxis issuing 13.35 million shares. Omnetics designs precision connectors for defense, aerospace and medical sectors.
Goldman Sachs to buy LCN Capital Partners for up to $410 million
Deal includes $260 million upfront and up to $150 million in deferred payments, with 80% of total consideration in equity. LCN manages $3 billion in sale-leaseback and real estate strategies.
Goldman Sachs to acquire LCN Capital Partners for up to $410 million
U.S. investment bank to pay $260 million upfront and up to $150 million in deferred consideration for commercial real estate investor LCN Capital Partners, with deal expected to close by year-end.
Arvins appoints Gökan Deubelbeiss as Partner to lead small-cap M&A
The Zurich-based M&A boutique adds a new partner to develop its small-cap advisory segment, targeting Swiss SMEs valued up to 20 million francs. Deubelbeiss joins from Axtradia.
US Court Blocks Henkel’s $725 Million Acquisition of Rival
A US court has temporarily blocked Henkel's planned $725 million acquisition of an adhesive rival owned by Pittsburgh Paint.
Microsoft, Salesforce in talks to acquire Darwinbox before IPO
Tech giants Microsoft and Salesforce are exploring a potential buyout of HR software firm Darwinbox, which had planned an initial public offering.
TPG Global offers $468M for Australia’s EQT Holdings
Private equity firm TPG Global proposes A$650 million ($468 million) cash bid to acquire EQT Holdings, operator of Australia’s largest independent stockbroking network.
Cavitation Technologies to be acquired for $35 million
Specialty materials firm Cavitation Technologies agreed to a $35 million all-cash deal, with shareholders to vote on the transaction next month.
Madison Air Solutions to acquire ebm-papst for $5.4 billion
German industrial ventilation firm ebm-papst to be taken private in cash-and-stock deal valuing the company at $5.4 billion.
Carlyle and CVC Explore Joint Bid for Bauwatch
Private equity firms Carlyle and CVC Capital Partners are reportedly evaluating a joint takeover bid for temporary site security provider Bauwatch.
AMS shareholders approve H.B. Fuller acquisition proposal
Dutch sensor maker AMS approves $1.4 billion takeover by adhesives firm H.B. Fuller, marking a strategic expansion in industrial materials.
Parker Hannifin completes Filtration Group acquisition
Industrial conglomerate expands filtration business through $13.8 billion deal, reinforcing market position in engineered solutions.
Samsonite Agrees to Acquire Lifestyle Brand Béis for $210 Million
Luggage maker Samsonite has announced a deal to acquire lifestyle and travel accessories brand Béis for $210 million.
SEC approves IPEX-GOWell merger registration, vote scheduled for Sept. 3
U.S. securities regulator clears registration for the proposed merger of IPEX and GOWell International, with shareholder vote set for early September.
Aurora Cannabis rejects Curaleaf’s takeover bid
Aurora Cannabis declines Curaleaf’s unsolicited $1.1 billion proposal, citing strategic misalignment and shareholder value concerns.