M&A
Uber launches €41.50 per share bid for Delivery Hero, seeks majority control
Uber formalizes €23.6 billion cash offer for Delivery Hero, valuing the food-delivery giant at a 108% premium to its May closing price. Prosus commits to tender 16.7% of shares, while regulatory and shareholder approvals remain pending.
LogProstyle to acquire Osaka real estate firm I-FLATZ for Kansai expansion
LogProstyle will pay for all 3,800 shares of I-FLATZ, a licensed Osaka condominium broker, in a deal expected to close in September 2026. The acquisition gives LogProstyle a foothold in the Kansai market.
Vince Holding buys OVO operating business in first multi-brand expansion
VNCE acquires OVO’s retail and e-commerce assets, including 12 stores, under a license deal with Authentic Brands Group. Drake retains 44% stake in OVO.
Authentic Brands buys majority stake in Drake’s OVO, Vince to license apparel
ABG acquires controlling interest in OVO’s IP while Vince Holding secures apparel license, with Drake retaining creative oversight and significant ownership.
Apollo buys co-stake in Atlantic Aviation from KKR for $10 billion
Apollo Global Management acquires a controlling stake in U.S. fixed-base operator Atlantic Aviation, valuing the company at nearly $10 billion. KKR retains a significant minority position after five years of ownership.
Holcim to acquire Fermacell for €840 million in expansion push
Deal expands Holcim’s European building solutions portfolio with leading gypsum and cement-bonded panels producer. Fermacell operates in Germany and multiple EU markets.
Argenx completes $1.53 bln acquisition of Forte Biosciences at $77 per share
The deal, backed by 87.1% of Forte’s shares, adds anti-CD122 antibody FB102 to argenx’s pipeline, with celiac and vitiligo data due in H2 2026.
Prime Drink Group, Geloso form 50-50 BDED partnership
Quebec-based beverage firms agree to jointly develop and distribute the Beach Day Every Day brand across Canada (excl. Quebec), U.S. and Europe under a five-year exclusivity deal.
Velocity Financial to buy Toorak Capital platform for $3.2 billion
The cash deal will expand Velocity Financial’s business-purpose lending footprint. Toorak’s $3 billion loan portfolio and 280 employees will be integrated under Velocity’s commercial capital unit.
Velocity Financial to buy Toorak Capital in $3.2 bln cash deal
Velocity Financial will acquire Toorak Capital’s U.S. and U.K. lending platform for $3.2 billion, including a $3 bln loan portfolio managed by a third party under new agreements.
Enbridge sells 29% stake in Westcoast pipeline for C$2.7B to KKR, Apollo
Canadian energy giant Enbridge secures C$0.7B in cash and partners with private equity firms KKR and Apollo to fund expansions of its Westcoast natural gas pipeline system.
Otovo agrees to acquire Hawaii and Norway solar firms for $4.6 mln
Norwegian solar group Otovo signs non-binding letters of intent to buy PV Hawaii and Mr. Elektro for a combined $4.6 million, expanding into the U.S. market and strengthening its Nordic footprint.
Uber makes $13 bln bid for Delivery Hero, seeks antitrust approval
Uber launches a €41.50-per-share cash offer for Delivery Hero, valuing the German food-delivery group at up to €13 billion, with a 2027 target close.
Orangekloud to acquire VeVe operator Orbis in $100M deal, rebrand to VEVE
Orangekloud Technology will acquire Orbis Technology, operator of the VeVe digital collectibles platform, in a stock-and-cash transaction valued up to $100 million. The combined entity will rebrand as VEVE and list on NASDAQ under the ticker VEVE.
Real Brokerage and RE/MAX merge to form Real REMAX Group
The newly formed Real REMAX Group begins trading on Nasdaq under REAX after the $2.5 billion merger of The Real Brokerage and RE/MAX Holdings. The combined entity operates a global real estate platform with over 180,000 agents.
Orangekloud to buy VeVe operator in $1 share deal, rename to VeVe Inc.
Singapore-based Orangekloud will acquire Orbis Technology, the VeVe digital collectibles platform operator, in a share swap valued at $1 per share. The combined entity will trade as VeVe Inc. under ticker VEVE.
Weatherford, NCS Multistage set Aug. 31 merger election deadline
NCS Multistage shareholders must choose between cash and stock options by Aug. 31, 5 p.m. ET. Deal expected to close Sept. 1, pending customary conditions.
Biohaven shares jump 7% on $795 million Kv7 platform deal with SK Biopharmaceuticals
Biohaven gains on licensing agreement for its Kv7 ion channel platform and lead epilepsy drug opakalim, with upfront and milestone payments totaling up to $795 million.
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.
Victory Capital to buy First Eagle for $7 billion in cash-and-shares deal
Deal values First Eagle at $7.0 bln, combining $222 bln in AUM with Victory Capital’s platform while adding $571 bln in total client assets. Genstar retains 14.6% stake with limited voting rights.
Victory Capital to buy First Eagle Investments for $7 billion
Cash-and-equity deal adds $222 billion in assets under management and expands Victory Capital’s alternative credit platform. Expected to close in Q1 2027.
Globus Medical buys digital health firm Higgs Boson Health
Musculoskeletal technology company Globus Medical acquires Duke-incubated digital healthcare startup for undisclosed terms, adding AI and software teams to its surgical intelligence platform.
James Hardie to sell European unit Fermacell to Holcim for €840 million
Deal accelerates debt reduction and share buybacks while refocusing on core markets. European fiber cement operations to be shuttered.
Ancora reaffirms bid for H.B. Fuller’s adhesives unit amid board rejection
Investment firm proposes to buy H.B. Fuller’s Building Adhesive Solutions segment, citing leverage concerns and offering financing flexibility. Board has not engaged with the offer.