M&A news archive: every merger and acquisition story
Every deal story we have published, newest first, with value and status. Updated every morning.
- Panzani and Cerealis in exclusive talks to form €1.8bn European food groupCVC would cut its holding in the French pasta maker to a minority stake as Portugal's Cerealis and Sofina take the lead in the combined group.
- Copart completes $1.9bn takeover of ACV AuctionsThe tender offer drew about 68% of ACV's shares, and the online used-car marketplace has left the New York Stock Exchange.
- Samsung Biologics' PolyPeptide offer succeeds with 87.9%The Korean contract manufacturer clears its minimum acceptance threshold, though regulatory approvals push settlement towards year-end or early 2027.
- Foxconn agrees to buy half of Mitsubishi Electric's car-parts arm for ¥115bnThe Taiwanese electronics maker becomes an equal partner in a business with ¥876bn of annual sales, as Mitsubishi Electric flags a ¥100bn impairment.
- Fangda Special Steel sets RMB3.5bn terms to absorb sister vanadium-steel groupThe Shanghai-listed steelmaker takes over related-party plants in Sichuan and Yunnan by exiting a private fund that held them.
- SkyCity agrees NZ$221m sale of Auckland's Grand HotelThe casino operator has found buyers linked to a private Asian-Australian property group, pushing its asset sale proceeds well above its original target as it pays down debt.
- A2A sells Retragas gas network stake to Dolomiti EnergiaThe Milan utility is selling a regional gas pipeline business valued at about €64m to redirect capital to electricity grids.
- Vale Base Metals completes sale of control of Thompson nickel complex to ExiroAn Orion and Canada Growth Fund-backed newcomer takes over the six-decade-old Manitoba operation with up to US$200m of fresh capital.
- Parkview Health agrees to acquire Ovation HealthcareThe Indiana non-profit is buying a national shared-services platform used by more than 500 hospitals and health systems.
- Allstate's Arity agrees to acquire traffic data firm INRIXThe insurer's data arm adds two decades of transportation intelligence to its driving-behaviour dataset.
- ASSA ABLOY sells HID's PKI unit to Vista Equity PartnersThe Swedish lock maker carves out its digital certificate business, home to IdenTrust and HydrantID.
- M. Dias Branco agrees to buy 80% of frozen bread maker GrespanThe owner of Piraquê and Adria enters frozen bakery with its first deal since 2022.
- Lakala moves to take control of cross-border payments firm GaofuThe payments group will pay in shares and cash for the operator of the Skyee platform, in which it first invested in 2021.
- UniCredit wins ECB approval to take control of CommerzbankThe supervisor's green light removes the biggest regulatory hurdle to the Italian bank's takeover, though Berlin and Commerzbank's management remain opposed.
- Penske and Mitsui agree US$16.3bn take-private of Penske AutomotiveThe controlling shareholders lifted their July proposal of US$210 a share to US$212 to buy out minority investors in the NYSE-listed dealer group.
- Proofpoint agrees US$6.3bn deal for VaronisThe Thoma Bravo-owned email security group will take the data security company private, ending months of speculation about a sale.
- GTCR and Elliott agree US$6.1bn take-private of CCC Intelligent SolutionsThe claims and repair software provider agreed the sale after a strategic review that followed Elliott's build-up of a stake.
- Beazer shareholders back US$2.2bn Dream Finders takeoverThe near-unanimous vote leaves the all-cash deal for the Atlanta homebuilder days from completion.
- Warburg Pincus calls A$5.25 Ingenia bid best and final, seeks exclusivityThe private equity firm wants Ingenia's board to rank its proposal ahead of the planned purchase of Peet by 19 October.
- De' Longhi pays €662.5m to lift stake in La Marzocco and Eversys unit to 88%The related-party deal values the professional coffee division at €2.5bn in equity, almost double its value at the end of 2023.
- Labcorp agrees to buy BioReference testing assets for up to US$872mOPKO Health is selling most of the remaining lab business to focus on drugs, after two earlier asset sales to the same buyer.
- EQT agrees to buy US property manager Stockbridge for up to US$550mThe deal adds about US$16.5bn of fee-generating assets and diversifies EQT Real Estate beyond logistics.
- PureGym buys Swiss chain NonStop Gym for £235mThe Leonard Green-backed operator adds 47 gyms in French- and Italian-speaking Switzerland to become the country's biggest low-cost chain.
- Aldar makes Sharjah debut with AED1.1bn purchase of Aljada homes from AradaThe forward purchase of more than 1,100 rental units extends the Abu Dhabi developer's build-to-hold strategy to a third emirate and deepens a new alliance with Arada.
- Guoen completes RMB1.5bn purchase of specialty gas maker ZhongfunengThe modified-plastics group closed the deal within days of announcing it, despite two limit-down sessions in its Shenzhen shares as investors questioned the 200% valuation premium.
- Saint-Gobain to buy Gibraltar's D.S. Brown infrastructure arm for $208mThe US group sheds its bridge and highway components business to cut debt and concentrate on building products.
- Cronos completes €57.5m purchase of Dutch cannabis grower CanAdelaarThe Canadian group gains the leading producer in the Netherlands' regulated adult-use pilot after a closing delayed by regulatory checks.
- NAURA buys hybrid-bonding specialist Nuohe Jianwei for RMB405mChina's largest chip-equipment maker is adding a young developer of hybrid bonding tools, a key process for high-bandwidth memory and chiplets, from a Beijing state-backed fund.
- Mankind Pharma takes 70% of Belgian CAR-T developer ACTx for €48mThe Indian drugmaker's first step into next-generation cell therapies brings in a team led by former Galapagos chief executive Paul Stoffels.
- 26North agrees to buy MEI Industrial Solutions from OlympusThe Josh Harris-founded firm is betting on demand for moving and installing heavy equipment in data centres and factories.
