Wells Fargo

Aquarian Holdings' $4.1bn Acquisition of BrightHouse Financial

By Rasmus Sjögren, Haris Jasarevic, Alexander Henje and Nikolas Kakona (Stockholm School of Economics) Photo: Nick Page (Unsplash) Overview of the deal Acquirer: Aquarian Holdings Target: BrightHouse Financial Total Transaction Size: $4.1 Billion Closed date: Announced on November 6, 2025, expected to close in 2026 Target advisor: Wells Fargo and Goldman Sachs & Co. LLC (financial), Debevoise & Plimpton LLP (legal) Milliman, Inc. (actuarial) Acquirer advisor: RBC Capital Mar

akshib27

Jun 175 min read

Public Storage’s $10.5bn Acquisition of National Storage Affiliates

By Haci Eren Sidar, Mustafa Arda Sis, Muthu Ramanathan, Josh Lai (University of Nottingham) Photo: Vida Huang (Unsplash) Overview of the deal Acquirer: Public Storage (NYSE: PSA) Target: National Storage Affiliates Trust (NYSE: NSA) Implied Equity Value: $8.1 billion Total Transaction Size: $10.5 billion Closed date: Announced March 16, 2026. Expected to close Q3 2026 Target advisor: Morgan Stanley (financial), Clifford Chance US LLP (legal) Acquirer advisor: Goldman Sachs,

akshib27

May 226 min read

BillionToOne’s IPO

By Kush Mahawar, Lexi Xiao, Sean Yeow and Joe Colton (University of Oxford); Alvaro Aguilar De Nalda (ESADE); Cooper Thompson, Charlie Mercuri, Daniel Blitenthall and Aikie Davoren (University of Melbourne) Photo: Ashraful Islam (Unsplash) Summary of IPO BillionToOne, a molecular diagnostics company, raised $314 million on November 6, 2025, in an upsized initial public offering that stands as one of the largest MedTech IPOs of the year by capital raised. Despite the headwinds

Álvaro Aguilar de Nalda

Feb 184 min read

CD&R’s $10.3bn Acquisition of Sealed Air

By Arthus Marande, Olivia Riera Ripoll, Christopher Putnis, Nehir Yanmaz (ESCP); Alvaro Aguilar De Nalda (ESADE); Ben Motamed, Emmanuel Olowe, Charlie Bark, James Midgley, Archie Clarke (Durham) Photo: Getty Images (Unsplash) Overview of the deal Acquirer: Clayton, Dubilier & Rice (CD&R) Target: Sealed Air (NYSE: SEE) Implied Equity Value: $6.2bn Total Transaction Size: $10.3 billion Closing Date: Expected mid-2026 Target Advisor: Evercore (financial); Latham & Watkins

akshib27

Feb 114 min read

Union Pacific Corp’s $84.4bn Acquisition of Norfolk Southern Corporation

By Alp Ceylan, Elisa Nicoletti, and Victor Varela (Bocconi University); Alvaro Aguilar De Nalda (ESADE); Jiaqi Tang, Oli Greenhalgh and Ibrahim Demir (University of Birmingham) Photo: Acton Crawford (Unsplash) Overview of the deal Acquirer: Union Pacific Corp Target: Norfolk Southern Corp Transaction Type : Stock-and-cash acquisition Total Transaction Size: $84.4 billion Closing Date: The first half of 2027 (subject to regulatory approval) Target Advisor: BofA Securitie

Álvaro Aguilar de Nalda

Feb 66 min read