Centerview Partners

Abbott’s $23bn Acquisition of Exact Sciences

By Alex Chou, Samantha Lee, Charlotte Wu, Kevin Chuang, and Sophia Fang (National Taiwan University) Photo: Markus Frieauff (Unsplash) Overview of the deal Acquirer: Abbott Laboratories (NYSE: ABT) Target: Exact Sciences Corporation (NASDAQ: EXAS) Implied Equity Value: USD ~$21 billion Total Transaction Size: USD ~$23 billion Announcement date: November 20, 2025 Closing date: March 23, 2026 Target advisor: Centerview Partners LLC, XMS Capital Partners LLC (Financial); Skadden

akshib27

Jun 55 min read

Paramount’s $110bn Acquisition of Warner Bros.

By Arthus Marande, Mattia Colombo, Namien Kone, Christopher Putnis, Olivia Riera Ripoll, and Nehir Yanmaz (ESCP); Aman Prasad, Oliver Greenhalgh and Jiaqi Tang (University of Birmingham) Photo: Jake Hills (Unsplash) Overview of the deal Acquirer: Paramount Skydance Corporation Target: Warner Bros. Discovery, Inc. Implied Equity Value: Approximately $81bn Total Transaction Size: Approximately $110bn enterprise value Closed Date: Not yet closed; expected to close in Q3 2026 Tar

akshib27

Jun 15 min read

Gilead Sciences’ $7.8bn Acquisition of Arcellx

By Blanche Delaunay, Huseyn Badalbayli, Kristiyan Nedelchev, Martin Tropchev, and Robin van der Werf (Rotterdam School of Management); Gilles Michaud and Marc Bellon (HEC Paris) Photo: Louis Reed (Unsplash) Overview of the deal Acquirer: Gilead Sciences, Inc. (Nasdaq: GILD) Target: Arcellx, Inc. (Nasdaq: ACLX) Implied Equity Value: $7.8 billion ($115 per share in cash + $5 CVR per share) Total Transaction Size: $7.8 billion Closed Date: April 28, 2026 Target Advisor: Centerv

akshib27

May 276 min read

Servier's $2.5bn Acquisition of Day One Biopharmaceuticals

By Rakan Aqrouq, Krissa Mou, Scarlet Park, and Terry Zhang (University of British Columbia); Amin Ouamar, Gilles Michaud, and Marc Bellon (HEC Paris). Photo: Piron Guillame Overview of the deal Acquirer: Laboratoires Servier Target: Day One Biopharmaceuticals Implied Equity Value: $2.5 bn Total Transaction Size: $2.5 bn Closed date: Announced on March 6th, 2026. Expected to close in Q2 2026 Target advisor: Centerview Partners, (financial), Fenwick & West, Wilson Sonsini Goodr

amansp2006

Apr 295 min read

Clorox's $2.25bn Acquisition of GOJO Industries

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

akshib27

Apr 106 min read

Santander's $12.2bn Acquisition of Webster Bank

By Haci Eren Sidar, Mustafa Arda Sis, Muthu Ramanathan, Josh Lai (University of Nottingham); Alvaro Aguilar De Nalda (ESADE); 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 Americ

amansp2006

Mar 275 min read

Capital One’s $5.15bn Acquisition of Brex Inc.

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

Álvaro Aguilar de Nalda

Mar 165 min read

IBM’s $11bn Acquisition of Confluent

By Aman Prasad, Jiaqi Tang, Oliver Greenhalgh (University of Birmingham), Alvaro Aguilar De Nalda (ESADE); Freya ZHANG, Akshi Bansal, Jacky CHAN, Sharon Liu, Chak Li (HKUST) Photo: Adi Goldstein (Unsplash) Overview of the deal Acquirer: IBM Target: Confluent Implied Equity Value: $ 31 per share Total Transaction Size: $11.9 billion Closing Date: Expected mid-2026 Target Advisor: Morgan Stanley (financial), Cooley LLP (legal) Acquirer Advisor: Centerview Partners (fina

Álvaro Aguilar de Nalda

Feb 96 min read

TMobile's $4.3bn Acquisition of UScellular

By Rasmus Sjögren, Alexander Henje, Haris Jasarevic, Nikolas Kakona (Stockholm School of Economics), Shivam Gujral (University of Cambridge) Photo: Brett Jordan (Unsplash) Overview of the deal Acquirer: T-Mobile US, Inc. – a leading American wireless carrier and subsidiary of Deutsche Telekom Target: Uscellular’s Wireless Operations – a regional wireless business of United States Cellular Implied Equity Value: US$4.3 billion Total Transaction Size: ~US$4.3 billion, includ

amansp2006

Jan 305 min read

Kimberly-Clark's $48.7bn Acquisition of Kenvue

By Roman Annan, Sophie Zhang, Joey Zhang, and Amani Dhillon (Columbia University), Rasmus Sjögren, Nikolas Kakona, Alexander Henje Scott, and Haris Jasarevic (Stockholm School of Economics) Photo: Khuc Le Thanh Danh (Unsplash) Overview of the deal Acquirer : Kimberly-Clark Corporation Target : Kenvue Inc. Implied Equity Value : $40.32 B Total Transaction Size : $48.7 B Closed date : H2 2026 (Estimated, legal issues pending) Target advisor : Centerview Partners LLC & Goldman

amansp2006

Jan 125 min read