By Shahmir Ahmed (Bocconi University); 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, Cazenove, Barclays, Evercore, (In-Hou

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 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 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 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: $9.2bn Total Transaction Size:  $9.2bn (all-cash offer) Offer Price: $18 per share (~50% premium to undisturbed share price) Announced Date: 2026 Expected Close

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 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

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

By Jack Liang, Anastasia Malikova, Shir Lyn Lau, Hunter Pang (LSE); Maximilien Kender, Jules Bedrossian and Amin Ouamar (HEC Paris) Photo:...