M&A
Trustar Bankshares raises $28.1m in private placement ahead of branch deal
Virginia-based Trustar Bankshares secured $28.1 million in a private placement led by JCSD Mclean Investors, supporting a planned branch acquisition from Forbright Bank.
Hyperion and GCM Grosvenor Partner on $200M Grocery-Anchored Retail Fund
GCM Grosvenor invests up to $100M in Hyperion Grocery Retail Partners III, targeting $1B in aggregate property value as additional investors join.
Diginex Sets Oct. 8 Vote on Resulticks Acquisition
Shares will be issued to purchase the fintech firm; board recommends approval of the deal and related capital restructuring.
UBS resolves Greensill lawsuit with IAG over CS credit-risk claims
A confidential settlement resolves a $2.8 billion dispute between former Credit Suisse entities and Swiss insurer IAG over Greensill Capital’s credit-risk exposures.
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.
Genel Raises Cash Offer for Capricorn Energy to $5.74 a Share
Genel Energy increased its takeover bid for Capricorn Energy to $5.74 per share, prompting Capricorn's board to withdraw support for rival DNO Bidco's offer.
Peel Pepper raises £187-pence bid for Harworth Group, boosting valuation to £631.7m
Peel Pepper Limited increased its cash offer to 187 pence per share, a 30.2% premium over the target’s closing price, after acquiring 30% of Harworth Group’s voting shares.
Huber+Suhner acquires Connected Intelligence from Motion Applied
Swiss industrial group buys UK connectivity-software business to bolster rail-communication offerings; price undisclosed.
Definity Financial Targets Mid-Teens ROE After CAD 3 Billion Travelers Canada Deal
Canada’s fourth-largest P&C insurer outlines growth strategy following its CAD 3B Travelers Canada acquisition, targeting market-share expansion and digital break-even milestones.
Voya Financial Pushes Back on Unsolicited Shareholder Poll by TOMS Capital
The insurer said materials backing a private poll by TOMS Capital Investment Management contain inaccurate or misleading statements, and that shareholders need not respond to any solicitation.
Cardinal Infrastructure Raises $550M Credit Facility for Acquisitions
Raleigh-based Cardinal Infrastructure Group Inc. expanded its credit facilities to $550 million, including a $250 million delayed-draw term loan and a $100 million revolving credit line, to support strategic acquisitions.
XCF Global delays merger vote to October 5
The merger vote for XCF Global’s proposed combination with DevvStream and Southern Energy Renewables is postponed to October 5, with updated stockholder eligibility rules and key shareholder actions still under review.
TMX Group Targets Doubling Revenue to CAD 2 Billion on Deal-Driven Growth Plan
TMX Group outlined a strategy to double revenue from CAD 1 billion to CAD 2 billion within seven years, driven by acquisitions including Cboe Canada, VettaFi's Refinitiv indices unit, and a pending MEMX combination.
Ondo Finance Allegedly Shopped to Buyers After Founder's Death
Sources say the tokenization platform was offered to potential acquirers following CEO Nathan Allman's May death, but the company denies it. A bitter legal dispute over control has likely stalled any sale plans.
Perrot Duval Stock Halt Amid Infomaniak IPO Preparations
Swiss IT firm’s shares suspended as shareholders deliberate on reverse takeover and restructuring plans with cloud provider Infomaniak.
Accenture Invests in AI Process-Mapping Firm Within
Accenture Ventures takes stake in Within, an AI platform that maps and automates enterprise business processes. Financial terms were not disclosed.
MoonPay to Acquire North Capital in Over $60M All-Stock Deal
The crypto payments company buys a US-regulated securities infrastructure provider, expanding into tokenized real-world assets and private securities trading.
People Inc Withdraws Buyout Bid for MGM Resorts
The media company that held a 27% stake in MGM Resorts said it will not pursue taking the casino operator private after proposal components failed to materialize.
Swarmer, Vectus Air Defense Deal Highlights Defense Tech Expansion
Swarmer Inc. and Vectus Air Defense Systems outline plans for a manufacturing partnership, with Vectus committing to at least 40 systems in the first year and 80+ in the second.
Rain Enhancement Technologies to Acquire AI Firm Tensor Networks in All-Stock Deal
The deal, valued by equity holders at 90% of the combined company, targets predictive AI infrastructure with U.S. Air Force contracts as a key asset.
Kimberly-Clark proposes EU remedies for $40bn Kenvue acquisition
The consumer‑goods maker offered asset divestitures to address European Commission antitrust concerns, extending the EU review deadline to Oct. 13 while its deal already has conditional clearance in Australia and South Africa.
Zhibao Technology signs LOI to acquire crypto trading platform MeVX
Chinese insurtech firm Zhibao Technology (NASDAQ: ZBAO) said it signed a non-binding letter of intent to acquire MeVX, a multi-chain cryptocurrency trading terminal with about 2 million users.
Indian billionaire's payments firm targets £601m London IPO
Airtel Money, a mobile money platform controlled by Sunil Bharti Mittal, aims to raise £601m in London, valuing the company at £6bn-£7bn. The listing could boost the struggling UK market.
Seeing Machines Extends Loan Maturity with Magna to November 30
Seeing Machines Limited secured a one-month interim extension of its convertible loan notes from Magna International Inc., deferring repayment until November 30, 2026, while negotiations for a longer-term refinancing deal continue.
