By Ifeakachuku Ifeneziuche, Vikram Kumar, Benjamin Carr and Nikhil Dewan, Palamdeep Virk (University of Warwick); Amin Ouamar, Gilles Michaud and Marc Bellon (HEC Paris) Photo: Clay Banks (Unsplash) Overview of the deal Acquirer:   The Clorox Company (NYSE: CLX) Target:   GOJO Industries Implied Equity Value: US$2.25 billion Total Transaction Size : US$2.25 billion, all-cash, including approximately US$330 million of anticipated tax benefits, resulting in a net purchase price

By Tomiwa Oshai, Harvey Han, Omar Kanaa, Utku Kaya and Nayoung Kim (King’s College London); Mateo Roman Sy, Nathaline Marielle, Jeongmin Oh, Linh Nguyen and Parth Talwar (Hong Kong University) Photo: Avi Waxman (Unsplash) Overview of the deal Acquirer:   Affinius Capital (lead) and Vista Hill Partners Target:   Veris Residential, Inc. Implied Equity Value: USD $1.78 billion Total Transaction Size : USD $3.4 billion Close Date: Q2 2026 (Expected) Target Advisor:   J.P. Morgan

By Aikie Davoren, Charlie Mercuri, Cooper Thompson and Daniel Blitenthall (The University of Melbourne); Freya Zhang, Akshi Bansal, Chak Li, Jacky Chan, Sharon Liu (Hong Kong University of Science and Technology) Photo: Thanos Pal (Unsplash) Overview of the deal Acquirer:   Nuveen, LLC Target:   Schroders plc Implied Equity Value: US 13.5 billion (£9.9 Billion) Total Transaction Size : US $13.5 Billion (£9.9 Billion) Closed Date: Subject to Approval Target Advisor:   Wells Fa

By Ben Motamed, Archie Clarke, Emmanuel Olowe and Charlie Bark (Durham University), Ishan Panchal, Aaryan Kochhar, Lachlan Thomas, Oliver Moses and Zac Zaga (Monash University) Photo: Jeffery Blum (Unsplash) Overview of the deal Acquirer:  Blackstone (BXPE) Target:  Champions Group Previous Investor: Odyssey Investment Partners Total Transaction Size : $2.50B EV/EBITDA: ~18x Debt Financing: >$1.0 billion (Private Credit, SOFR + 4.5%) Announcement Date: 17/02/2026 Close Date:

By Shivam Gujral and Benedict Murphy (University of Cambridge); Terry Zhang, Scarlet Park, and Krissa Mou (University of British Columbia) Photo: Philippe Oursel (Unsplash) Overview of the deal Acquirer:   Hapag-Lloyd AG Target:   ZIM Integrated Shipping Services Ltd. Implied Equity Value: US$4.2 billion Total Transaction Size : 100% of ZIM's shares at US$35.00 per share in cash - representing a 58% premium to ZIM's closing price on 13 February 2026, a 90% premium to its 90-

By Chris Ruan (UCLA); Freya Zhang, Jacky Chan, Sharon Liu and Akshi Bansal (HKUST) Photo: Planet Volumes (Unsplash) Overview of the deal Acquirer: KKR and Singtel Target: ST Telemedia Global Data Centres (STT GDC) Implied Equity Value: $6.01 billion Total Transaction Size:  $10.9 billion Closed Date: Expected to close in second half of 2026 Target advisor:   J.P. Morgan (financial); Latham & Watkins (legal) Acquirer advisor:  Citi and Bank of America (financial); Simpson Tach

By Haci Eren Sidar, Mustafa Arda Sis, Muthu Ramanathan, Josh Lai (University of Nottingham), Arthus Marande, Olivia Riera Ripoll, Christopher Putnis, and Nehir Yanmaz (ESCP) Photo: Joshua Lawrence (Unsplash) Overview of the deal Acquirer: Banco Santander Target: Webster Financial Corporation Implied Equity Value: $12.2bn Total Transaction Size:  ~$14.5bn Closed date:  H2 2026 Target advisor: Centerview Partners, Goldman Sachs, and Bank of America Europe DAC (financial), Davis

By Anastasia Malikova, Dennis Malaj, Gauri Khanna, Sarah Lee (LSE); Mateo Roman Sy, Nathaline Marielle, Jeongmin Oh, Linh Nguyen, Parth Talwar (HKU) Photo: Scott Graham (Unsplash) Overview of the deal Overview of the deal Acquirer: Oakley Capital Target: Global Loan Agency Services (GLAS) Implied Equity Value: $1.34 Billion Total Transaction Size:  $73.9 Million Closed date:  5 January 2026 Target advisor: Deutsche Bank (Financial), Robert W. Baird (Financial), Willkie Farr &

By Shahmir Ahmed, Alp Ceylan, and Francesco del Sesto (Bocconi University); Diana Usova, Dylan Stiassny, Oli Cedar, Obianuju Okafor (University of Bristol) Photo: Volodymyr Hryshchenko (Unsplash) Summary of IPO As the pharmaceutical industry looks to artificial intelligence to accelerate drug discovery, Generate Biomedicines are positioning themselves as a force to be reckoned with in this growing market. Through what the company has dubbed “Generative Biology”, millions of p

By Edoardo Roveda and Cooper Wu (UCL); Rasmus Sjögren, Alexander Henje, Haris Jasarevic and Nikolas Kakona (Stockholm School of Economics) Photo: Red John (Unsplash) Overview of the deal Acquirer:  Mubadala Capital Target:  Clear Channel Outdo Implied Equity Value: $2.43 per share Total Transaction Size : $7.80B Expected Close Date: Q3 2026 Target Advisor:  Morgan Stanley; Moelis & Company (financial), Kirkland & Ellis LLP (legal) Acquirer Advisor:  Guggenheim Securities; J

By Diana Usova, Dylan Stiassny, Oliver Cedar and Obianuju Okafor (University of Bristol); Amya Hillis and Agastya Mittal (Columbia University) Photo: Annie Spratt (Unsplash) Overview of the deal Acquirer: Advent International (Consortium Co-Lead, alongside FedEx Corporation) Target: InPost Group Implied Equity Value: €7.8bn Total Transaction Size:  €7.8bn (all-cash offer) Offer Price: €15.60 per share (~50% premium to undisturbed share price) Announced Date: 2026 Expected Cl

By Shahmir Ahmed, Francesco Del Sesto, Víctor Varela, Elisa Nicoletti (Bocconi University), Zin Nas, Larry Cao, Lisa Dai, (Columbia University) Photo: Kelly Sikkema (Unsplash) Overview of the deal Acquirer:   Capital One Financial Corporation Target:   Brex Inc. Implied Equity Value: $ 5.15 billion Total Transaction Size : $ 5.15 billion (50% cash / 50% stock) Expected Close Date: Jan 22, 2026 Target Advisor:   Centerview Partners LLC (financial), Wilson Sonsini and Simp

By Peyton Harvey, Dirk Harrison, Brandon Yip, Daniel Xu (Columbia University) Photo: Kelly Sikkema (Unsplash) Overview of the deal Acquirer:   Bain Capital Target:   FineToday Holdings Implied Equity Value: ~ $1.29 billion (¥200 billion) Total Transaction Size : ~ $1.29 billion (¥200 billion) Expected Close Date: Announced February 2, 2026 (Estimated closing mid-2026, pending regulatory approval) Target Advisor:   CVC Capital Partners (Internal), Nomura and Goldman Sachs Ac

By Ben Motamed, Archie Clarke, Charlie Bark, James Midgley and Emmanuel Olowe (Durham University); Gunner Klith and Orion Haliburton (Columbia University) Photo: Albert Stoynov (Unsplash) Overview of the deal Acquirer: Micron Technology, Inc.  Target: PSMC (Powerchip Semiconductor Manufacturing Corp) – P5 Fabrication Site (Tongluo, Taiwan). Implied Equity Value: USD $ 1.8 Billion (cash consideration) Total Transaction Size:  USD $1.8 Billion Closed date:  Expected Q2 2026 Ta

By Arthus Marande, Nehir Yanmaz, and Christopher Putnis (ESCP); Aman Prasad, Oliver Greenhalgh and Jiaqi Tang (University of Birmingham) Photo: SpaceX (Unsplash) Overview of the deal Acquirer:  SpaceX Target:  xAI Implied Equity Value : $250B (target evaluation)/ $1.25T (combined entity valuation) Closing Date:  2nd Feb Target Advisor:  Sullivan & Cromwell LLP Acquirer Advisor:  Gibson, Dunn and Crutcher LLP SpaceX’s acquisition of xAI represents a seminal moment in corporate

By Freya Zhang, Akshi Bansal, Chak Li, Ka Ho Chan and Liu Sharon (HKUST); Utku Kaya, Omar Kanaa, Nayoung Kim, Harvey Han and Tomiwa Oshai (King’s College London) Photo: Zbynek Burival (Unsplash) Overview of the deal Acquirer:  Devon Energy Target:  Coterra Energy Total Transaction Size : $58 billion (Combined Enterprise Value) Announced Date  February 2nd, 2026 Expected Close Date: Q2 2026 Target Advisor:  Goldman Sachs, J.P. Morgan (Financial); Gibson, Dunn & Crutcher LLP

By Aikie Davoren, Charlie Mercuri and Daniel Blitenhall (University of Melbourne); Nikhil Freiherr Raitz Von Frentz, Max Fischer, Daniel Barker and Moritz Ibe (University of St Andrews) Photo: Suryadhityas (Unsplash) Summary of IPO Fluorescent-guided surgery (FGS) has been gaining momentum as hospitals look to improve surgical precision, reduce complications, and shorten recovery times. Within this niche, UltraGreen has built a strong position selling the dye used in these su

By Shahmir Ahmed, Francesco Del Sesto and Elisa Nicoletti (Bocconi University); Julianna Zelnhefer, Alex Svanidze, Ryan Leo, and Ava Singer (Boston University) Photo: Ayumi Kubo (Unsplash) Overview of the deal Acquirer:  China International Capital Corporation Limited (CICC) ( 601995.SH ; 3908.HK ) Target:  (i) Dongxing Securities Corporation Limited ( 601198.SH ) and (ii) Cinda Securities Co., Ltd. ( 601059.SH ) Implied Equity Value: ~RMB 114.3bn total (Dongxing ~RMB 52.2bn;

By Arthus Marande, Mattia Colombo, and Namien Kone (ESCP), and Mateo Sy, Linh Nguyen, Nathaline Marielle, Jeongmin Oh, Parth Talwar (University of Hong Kong) Photo: Michael Pointner (Unsplash) Overview of the deal Acquirer: Vistra Corp.  Target: Cogentrix Energy (Managed by Quantum Capital Group) Implied Equity Value: Approximately US$4.0-4.7 Billion Total Transaction Size:  Acquisition of ~5,500 MW of natural gas–fired generation capacity across 10 facilities, funded throug

By Edoardo Roveda and Cooper Wu (UCL); Sophie Zhang, Dominic Alino, Jordan Zhao and Joey Zhang  (Columbia University) Photo: Slava Denisov (Unsplash) Overview of the deal Acquirer:  Hg Capital Target:  OneStream Inc. Implied Equity Value:  $ 24 per share Total Transaction Size:  $6.4 billion Closing Date:  Expected first half of 2026 Target Advisor:  Wilson Sonsini Goodrich & Rosati (financial) Acquirer Advisor:  Information not publicly available, N/A Hg Capital’s acquisiti