M&A

CareTrust REIT Buys $400M Skilled Nursing Portfolio in Southwest
CareTrust REIT deployed $380 million via a joint venture for a triple-net leased skilled nursing portfolio generating an estimated 8.6% stabilized yield.

Flex Names Amy Schwetz CFO Ahead of Axiom Spinoff
Veteran finance executive Schwetz joins ahead of planned separation of cloud and power infrastructure unit into independent company Axiom Solutions by early 2027.

GSK to Acquire Chimagen T Cell-Engager for Multiple Myeloma
GSK will pay an upfront fee for full global rights to a trispecific T cell-engager, with total potential value of up to $750 million, for multiple myeloma treatment.

Musk Drops Antitrust Lawsuit Against Apple Over Chatbot Access
The tech billionaire had accused Apple of favoritism toward OpenAI; claims against Apple are now resolved while his separate suit against OpenAI continues.

US Warns Ford Over China Tech Partnerships
Ford faces sharp US government criticism over ties to Chinese battery maker CATL and automakers Geely, BYD, amid national security concerns.

Moody's to Acquire Minority Stake in Philippine Rating Agency
Moody's agreed to acquire a minority stake in Manila-based PhilRatings, becoming the first global rating agency to invest in a domestic Philippine credit rating firm.

Starwood Capital Promotes Tim Abram to Lead European Assets
Starwood Capital Group tapped its London-based managing director for the new Europe asset management role alongside his existing international hotel portfolio remit.

Elemental Royalty clears antitrust hurdle for Vizsla Royalties acquisition
Elemental Royalty Corp received approval from Mexico's antitrust regulator to complete its purchase of Vizsla Royalties, securing 2‑3.5% net smelter royalties on the Panuco silver‑gold project.

Group 1 Automotive raises $1.25B in senior debt ahead of Hennessy dealership acquisition
The company priced a $625M 6.25% senior notes offering due 2032 and a $625M 6.625% offering due 2035, to fund its $1.25B acquisition of Hennessy dealership assets.

Concentrix Acquires CastleHill Managed Risk Solutions to Expand GRC Offerings
Concentrix buys CastleHill, a provider of governance, risk and compliance services, to broaden its capabilities in AI governance and third-party risk management for financial services clients.

Daedalus SPAC signs letter of intent with Turkish AI firm HubX
Daedalus SPAC signed a non-binding LOI with HubX to take the Turkish AI company public on Nasdaq, with an investment of up to $75 million.

Worthington Steel signs transfer agreement with Kloeckner
Worthington Steel and Kloeckner signed a transfer agreement after a completed takeover offer, with shareholder approval required before an earliest Jan. 1, 2027 effective date.

Italy's banking sector M&A boom attracts Wall Street attention
Wall Street and market observers are noting a surge in merger activity within Italy's banking sector.

Italy experiences a banking M&A consolidation boom with takeover bids reshaping the financial sector
Italy is witnessing a surge in banking mergers and acquisitions, with takeover bids reshaping its financial sector.

Italy's banking M&A boom draws attention from Wall Street and financial markets
The surge in merger and acquisition activity among Italian banks is attracting interest from Wall Street and broader financial markets.

Aspire-Lakewood Holdings Takes Over Aspire Biopharma’s Name
Delaware-based Aspire-Lakewood Holdings, Inc. (ASBP) formalized its corporate restructuring with a name change from Aspire Biopharma Holdings, Inc., while retaining its Nasdaq ticker.

GE Aerospace buys CPP for $11.75B in aerospace precision-casting push
The US aerospace giant expands its supply chain with a $11.75-billion acquisition of precision-casting specialist Consolidated Precision Products (CPP).

GlobalFoundries secures $375M CHIPS Act award for quantum tech
The U.S. Department of Commerce’s CHIPS Research and Development Office finalized a $375 million award to support GlobalFoundries’ quantum semiconductor efforts, alongside a $300 million letter of intent for silicon photonics.

Birchtech agrees to buy carbon-processing assets from private firm
Activated-carbon maker adds commercial-scale facilities in North Dakota and Pennsylvania via term sheet; no financial terms disclosed.

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.
DPC Holdings Closes $325 Million Debt Refinancing
The aerospace manufacturer completed a new $325 million revolving credit facility and repaid Doncasters' pre-IPO debt using proceeds from its June public offering.

Canaf subsidiary Quantum acquires South African carbon producer CRS for $1.25 million
The August 31, 2026 deal involves R14.4 million paid for shares and an intercompany loan to settle liabilities, funded from Quantum’s cash reserves. CRS produces char reductant for ferrochrome smelters and will be integrated into Quantum’s Southern Coal unit by end-October 2026.

DigitalBridge to acquire VodafoneZiggo tower assets for 6,600-site platform
DigitalBridge, L&G and TD Asset Management will acquire VodafoneZiggo's passive tower assets and combine them with Belgium Tower Partners, creating a 6,600-site platform in Belgium and the Netherlands.

AEVEX Completes Acquisition of BlackSea Technologies
AEVEX Corp. has completed its acquisition of BlackSea Technologies, which will operate as its Maritime Systems division and add unmanned surface and subsea vessel capabilities.

