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JP Morgan to Acquire Deposits and Assets of First Republic Bank

May 1, 2023
Scott Peters
FDIC and California financial regulators worked in conjunction to wind up and sell the 38-year old bank to JP Morgan. First Republic Bank is the second largest bank failure in U.S. banking history and cost the FDIC at least $13 billion.

Triton International Agreed to $13 Billion Deal from Brookfield Infrastructure

Apr 12, 2023
Scott Peters
Triton International agreed to be acquired by a subsidiary of Brookfield Infrastructure in a deal that valued the company at 35% premium. The largest container leasing company has delivered sustained revenue and earnings growth since its merger with TAL International in 2016.

Extra Space to Buy Life Storage and Create Largest Storage Company

Apr 3, 2023
Scott Peters
Extra Space Storage agreed to acquire Life Storage in an all-stock deal that will create the largest self-storage company.

EXR LSI

WWE and UFC Agreed On $21 Billion Deal

Apr 3, 2023
Scott Peters
World Wrestling Entertainment and UFC agreed to merge in a deal valued at $21 billion. The deal marks the end of the family business controlled by Vince McMahon.

WWE EDR

First Citizens Agreed to Acquire Silicon Valley Bank's Assets, Deposits Under Loss-Sharing Arrangement

Mar 27, 2023
Scott Peters
First Citizens BancShares agreed to acquire some of the assets of the failed Silicon Valley Bank at a heavily discounted price and in a loss-sharing arrangement with the FDIC.

FCNCA

Switzerland Forced Merger of Credit Suisse with UBS and Prevent Wider Fallout

Mar 20, 2023
Scott Peters
Swiss regulators and the central bank forced UBS to acquire Credit Suisse at a sharply discounted price and agreed to provide a larger liquidity lifeline and agreed to share part of the bank's assets impairment.

CS UBS

Qualtrics Agrees to Go Private for $12.5 Billion

Mar 13, 2023
Scott Peters
Qualtrics agreed to be acquired by Silver Lake and CPP after SAP agreed to sell its majority stake in the customer service software company.

XM

Informa Agreed to Buy Dubai Air Show Manager Tarsus for $940 Million

Mar 9, 2023
Scott Peters
The business event manager Tarsus Group agreed to be acquired by Informa Plc for nearly $1 billion including earnout over the next two years. The expensive purchase is a bet on the resilient demand for in-person events in the face of a global economic slowdown.

Whirlpool Forms Partnership with Turkish Company and Sells EMEA Business

Jan 17, 2023
Scott Peters
Whirlpool agreed to sell its appliances business in Europe, Middle East and Africa to Turkey-based Arcelik AS and take a minority stake in the newly formed company.

WHR

CinCor Pharma Agrees to $1.8 Billion AstraZeneca Deal

Jan 9, 2023
Scott Peters
AstraZeneca Agreed to acquire clinical stage bio-pharma company CinCor Pharma for $1.8 billion.

CINC

Albireo Pharma Agreed Ipsen's Merger Proposal

Jan 9, 2023
Scott Peters
Albireo Pharma agreed to the merger proposal from French pharma company Ipsen in a deal valued at $950 million and future performance payment.

ALBO

L3Harris Agreed to Acquire Aerojet Rocketdyne for $4.7 Billion

Dec 19, 2022
Scott Peters
Aerojet agreed to merge with the sixth largest defense company L3Harris after Lockheed withdrew its bid facing objections from Raytheon and FTC filed a lawsuit to block the deal.

AJRD

Maxar Agrees to $6.1 Billion Cash Deal to Go Private

Dec 16, 2022
Scott Peters
The space infrastructure and imaging company agreed to go private and plans to accelerate its product development pipeline.

MAXR

NRG Agreed to Acquire Vivint Smart Home for $5.2 Billion

Dec 6, 2022
Scott Peters
NRG Energy, the diversified energy producer, agreed to acquire Vivint Smart Home in an all-cash transaction and assume debt that it plans to pay from its free cash flow and retain its dividend and complete its stock repurchase program.

NRG

Kroger and Albertsons Merger Plan to Face Scrutiny

Oct 14, 2022
Anand Sheth
The combined company plans to spin off about 400 stores and rival the grocery sales leader Walmart, if approved by the antitrust regulators.

KR ACI

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