By Freya Zhang, Akshi Bansal, Chak Li, Jacky Chan, Sharon Liu (HKUST) Photo: Priscilla Du Preez (Unsplash) Overview of the deal Acquirer: KKR & Co. (Kohlberg Kravis Roberts & Co.) Target: XCL Education Holdings Pte Implied Equity Value: Not publicly disclosed Total Transaction Size: ~$1.3 billion Closed date: Pending regulatory approvals and customary closing conditions (announced February 23, 2026) Target advisor: Not publicly disclosed Acquirer advisor: Not publicly discl

By Diana Usova, Oliver Cedar, Dylan Stiassny, and Obianuju Okafor (University of Bristol); Alvaro Aguilar De Nalda (ESADE); Chris Ruan, Autumn Casella, Zack Siegel, and Christian Labonte (University of California Los Angeles) Photo: Jack White (Unsplash) Overview of the deal Acquirer: Monomoy Capital Partners (via Fund V) Target: Jiffy Lube International, Inc. and Premium Velocity Auto LLC (acquired from Shell USA / Pennzoil Quaker State Co.) Implied Equity Value: ~$1.3 billi

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 Diana Usova, Dylan Stiassny, Oliver Cedar and Obianuju Okafor (University of Bristol); Alvaro Aguilar De Nalda (ESADE); 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: $9.2bn Total Transaction Size: $9.2bn (all-cash offer) Offer Price: $18 per share (~50% premium to undisturbed share price) An