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 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 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 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:...