Mergers and Acquisitions

New On The Block Polypeptide Group has announced it is conducting a review of strategic alternatives, including potential partnerships or a sale. The process, which is in coordination with majority shareholder Draupnir Holding B.V., is aimed at enhancing the company's value amid reports from...

Payward, the parent company of Kraken, has signed a definitive agreement to acquire Bitnomial for up to $550 million, using a mix of cash and stock, putting the company’s equity at $20 billion.  Bitnomial is the first crypto-native exchange in the U.S. that holds all three Commodity...

OpenAI has acquired personal finance startup Hiro Finance, though the terms of the deal have not been disclosed.  The Hiro app has stopped accepting new users and will shut down on April 20, according to a LinkedIn post from founder Ethan Bloch. Existing users will have until May 13 to export...

Amazon.com Inc (NASDAQ:AMZN) has announced a definitive agreement to acquire Globalstar, a mobile satellite services operator, for $11.57 billion. This strategic move positions Amazon to directly challenge Elon Musk's SpaceX/Starlink in the rapidly growing satellite internet market. Through this...

Canada-based Cohere and Germany-based Aleph Alpha are in discussions regarding a potential merger. Merger talks began earlier this year and are now understood to be in the advanced stages. The company's plan for the new entity to be headquartered in both countries, Handelsblatt (newspaper) and...

New On The Block Playtika Holding Corp. (NASDAQ:PLTK)) is conducting a review and reevaluation of strategic alternatives across its portfolio to enhance shareholder value. The mobile gaming entertainment company tapped Morgan Stanley as financial advisor. Jorey Chernett delivered a letter to...

Institutional Shareholder Services (ISS), a prominent advisory firm, has recommended that investors back the acquisition of Warner Bros. Discovery (NASDAQ:WBD) by Paramount Skydance (NASDAQ:PSKY), while opposing the proposed golden parachute for executives. According to the proposal...

New On The Block Kanen Wealth Management has urged the board of Xponential Fitness to “immediately initiate and publicly announce” a formal review of strategic alternatives, including the sale of the company. After speaking with investors and the company’s “prolonged...

Apollo Global Management is in advanced talks to acquire private jet fixed-base operator Atlantic Aviation from KKR & Co. in a move that is expected to value the company at approximately $10 billion. The buyout may be made public in the coming days, although the process is ongoing and KKR could...

New On The Block ENDRA Life Sciences' board initiated a sales process to evaluate a range of strategic alternatives to maximize shareholder value. The company has engaged Lucid Capital Management as its financial advisor and K&L Gates as its legal counsel. ENDRA has not set a timeline for the...

KKR & Co Inc (NYSE:KKR) is acquiring Nothing Bundt Cakes from private equity firm Roark Capital for more than $2 billion.  The company added 390 locations since Roark acquired the chain in 2021. The private equity firm has been looking for a buyer for the U.S. bakery chain since last year,...

A consortium comprising Blackstone (NYSE:BX), Bolt Ventures, Aditya Birla Group, and The Times of India Group agreed to acquire the Royal Challengers Bengaluru (RCB) cricket franchise.  This acquisition, valued at approximately $1.78 billion, includes both the men's Indian Premier League and the...

New On The Block Warburg Pincus is exploring a potential sale of Exeter Finance, a subprime auto lender, for an estimated price between $2.5 billion and $3 billion. Discussions are ongoing. Warburg acquired Exeter from Blackstone in 2021.  Mawson Infrastructure Group launched a review of...

New On The Block Advent is considering the sale of Ultra Maritime as demand for naval defense companies surges amid rising geopolitical tensions. The private equity firm is reportedly in discussions with banks about a potential sale that could value Ultra at around $4 billion. According to...

Blackstone (NYSE:BX) and Blue Owl (NYSE:OWL) have announced a strategic minority stake acquisition in private equity firm Atlas Holdings. The investment is being managed through Blackstone GP Stakes and Blue Owl GP Strategic Capital. Terms of the deal were not disclosed. Atlas Holdings, established...