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 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

By Tomiwa Oshai, Utku Kaya, Harvey Han, Omar Kanaa, and Nayoung Kim (King’s College London); Shahmir Ahmed (Bocconi University) Photo: Scott Blake (Unsplash) Overview of the deal Acquirer: Sidara Target: John Wood Group plc Implied Equity Value: ~£216 million (c.$265 million) Total Transaction Size: ~£210 million (excluding committed $450 million capital injection) Closed date: March 2026 Target advisor: Rothschild & Co, Europa Partners, J.P. Morgan, Morgan Stanley (Financia

By Shahmir Ahmed (Bocconi University); Alvaro Aguilar De Nalda (ESADE); Rakan Aqrouq, Krissa Mou, Scarlet Park and Terry Zhang (University of British Columbia) Photo: Scott Graham (Unsplash) Overview of the deal Acquirer: Zurich Insurance Target: Beazley Implied Equity Value: £8.1 billion ($10.8 billion) Total Transaction Size: £8.1 billion ($10.8 billion) Closed date: Deal announced as complete early March, 2026 Target advisor: Goldman Sachs, Lazard, UBS, J.P. Morgan, Caze

By Leandro Zhang, Astrid Hsu, Kasra Shahenayati, and Ankit Walishetti (Columbia University) Photo: Myke Simon (Unsplash) Overview of the deal Acquirer: Netflix, Inc. Target: InterPositive Implied Equity Value: USD ~$600m Total Transaction Size: USD ~$600m Closed date: March 5, 2026 Target advisor: Willkie Farr & Gallagher LLP (legal), financial advisors not publicly disclosed Acquirer advisor: Simpson Thacher & Bartlett LLP (legal), financial advisors not publicly disclosed N

By Archie Clarke, Charlie Bark, Emmanuel Olowe, James Midgely, and Ben Motamed (Durham University) Photo: Mateo (Unsplash) Overview of the deal Acquirer: Savvy Games Group Target: Moonton Technology (Shanghai) Total Transaction Size : ~$6 billion (cash consideration) Closed Date: Expected Q2/Q3 2026 Target Advisor: Skadden, Arps, Slate, Meagher & Flom LLP (legal), not publicly disclosed (financial) Acquirer Advisor: Not publicly disclosed Savvy Games Group's $6 bil

By Kush Mahawar, Xiao Xiao, Joe Colton and Sean Yeow (University of Oxford); Gilles Michaud and Marc Bellon (HEC Paris) Photo: Alexandre Debi è ve (Unsplash) Overview of the deal Acquirer: Power Finance Corporation (PFC) Target: Rural Electrification Corporation (REC) Implied Equity Value: Not fully disclosed (merger structure; earlier control stake transaction ≈ $2 billion (₹145 billion) for 52.63% of REC) Total Transaction Size: Merger of two state-owned lenders creating a

By Julianna Zelnhefer, Alex Svanidze, Ryan Leo, and Ava Singer (Boston University); Anastasia Malikova, Dennis Malaj, Gauri Khanna (LSE) Photo: Jason Dent (Unsplash) Overview of the deal Acquirer : Savills plc Target : Eastdil Secured LLC Implied Equity Value : $921.25 million (USD) (60% cash/40% stock) Total Transaction Size : $1,112.5 million (USD) Closed date : Q2-Q3 2026, subject to regulatory clearances Target advisor : BDT & MSD Partners (financial), Latham & Watkins

By Rasmus Sjögren, Alexander Henje, Haris Jasarevic and Nikolas Kakona (Stockholm School of Economics); Nikhil Freiherr Raitz Von Frentz, Max Fischer, Daniel Barker and Moritz Ibe (University of St Andrews) Photo: Aron Marinelli (Unsplash) Overview of the deal Acquirer: BlackRock’s Global Infrastructure Partners (GIP), EQT, California Public Employees Retirement System (CaIPERS) and Qatar Investment Authority (QIA) Target: AES Corporation Implied Equity Value : USD $10.7

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), Alvaro Aguilar De Nalda (ESADE); 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%) Announcemen

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); Alvaro Aguilar De Nalda (ESADE); 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 Ame

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

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); Alvaro Aguilar De Nalda (ESADE); 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 “G

By Edoardo Roveda and Cooper Wu (UCL); Alvaro Aguilar De Nalda (ESADE); 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 Adviso

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