Dealytics Weekly M&A Review

Welcome to the Dealytics weekly review where we list a summary of the top M&A deals, announcements, insights from the previous week.

Edition 25

Just a reminder to check out our Top 50 M&A Bankers for Full Year 2023 Report linked here: Top 50 M&A Bankers for Full Year 2023

Top Deals

(February 5, 2024) Novo Holdings to acquire Catalent Pharma Solutions for $63.50 per share in cash representing a 16.5% premium totaling a deal value of $16.5 billion.

• Citi ( Cary Kochman , Brian Krieger ) and J.P. Morgan ( Steven Frank , Francesco Leuthold , Jeremy Meilman ) served as financial advisors to Catalent
• Jones Day ( Ryan Thomas , Tim Melton , Randi Lesnick ) and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates ( Page Griffin , Maria Raptis , Richard Grossman , Patrick Lewis ) served as legal advisors to Catalent Inc
• Morgan Stanley ( Tedd Smith , Joseph Modisett , Daniel Cohen ) served as financial advisor to Novo Holdings
• Goodwin Procter LLP ( Alexandra Lu , Janet Andolina , Christopher Steinroeder , Morag Peberdy , Bralower Jennifer , Nathan Brodeur , Rachel Frankeny , Alexandra Denniston , Kirkie Maswoswe , Robert Crawford , Andrew Kimball , Steve Charkoudian , Adam Bellack , Jacob Osborn , Caroline Bullerjahn , Jacqueline Klosek , Brian Lerman , Malhar Naik , Edward Holzwanger , Matt Mauney , Joshua Zachariah ) and Davis Polk & Wardwell LLP ( Veronica Wissel , William Curran , Arthur Burke , Shanu Bajaj , David Bauer , William Aaronson ) served as legal advisors to Novo Holdings

(February 9, 2024) Owens Corning Inc. to acquire Masonite® International Inc. for $133.00 per share in cash representing a 38% premium totaling $3.9 billion.

• Jefferies LLC ( Mark Hudson , Michael Botsakos , Richard Siegel) and Goldman Sachs & Co. ( Terry Hagerty ) served as financial advisors to Masonite International Inc.
• Wachtell, Lipton, Rosen & Katz ( Michael Benn , T. Eiko Stange, Ilene Gotts , Elina Tetelbaum , Michael Schobel , Benjamin Roth ) and Cassels Brock & Blackwell LLP served as legal advisors to Masonite International Inc.
• Morgan Stanley and Lazard Ltd. served as financial advisors to Owens Corning Inc.
• Davis Polk & Wardwell LLP ( Marcel Fausten , Vanessa Jackson , William Curran , Ronan Harty , Cheryl Chan , Jennifer Conway , Pritesh Shah , James Dougherty ) and Stikeman Elliott LLP served as legal advisors to Owens Corning Inc.

(February 5, 2024) Barratt Developments to acquire Redrow plc for $3.172 billion.

• Peel Hunt LLP ( charles batten , Marc Jones , Pete M. , Tom Ballard , Ben Harrington) and Barclays ( Alisdair Gayne, Osman Akkaya , Mark Joshua Gunalan , Akshay Majithia , Tom Macdonald ) served as financial advisors to Redrow plc
• Slaughter and May served as legal advisor to Redrow plc
• UBS Investment Bank ( Jonathan Retter , Joe Hannon , Anisah Mahomed ) and Morgan Stanley ( Matthew Jarman , Shirav Patel , Nick White) served as financial advisors to Barratt Developments plc
• Linklaters LLP served as legal advisor to Barratt Developments plc

(February 5, 2024) Novartis to acquire MorphoSys AG for $73.30 per share in cash representing a 94% premium totaling $2.7 billion.

• Centerview Partners LLC ( E. Eric Tokat , Tommaso Verderame , Jason L. ) served as financial advisor to MorphoSys AG
• Skadden, Arps, Slate, Meagher & Flom LLP ( Stephan Hutter , Brian V. Breheny , Matthias Horbach , Maria Raptis , Jan Bauer , Faiz Ahmad , Resa Schlossberg , Graham Robinson ) served as legal advisor to MorphoSys AG
• Freshfields LLP ( Jennifer Bethlehem , Rick van Aerssen , Jenny Hochenberg ) served as legal advisor to Novartis AG

(February 7, 2024) California Resources Corporation to acquire Aera Energy LLC for $2.1 billion.

• Citi ( Chris Miller , Claudio Sauer ) and Jefferies LLC ( Peter Bowden, Brody Rollins ) served as financial advisors to Aera Energy LLC
• Sullivan & Cromwell LLP ( Matthew Brennan , John E. Estes , Isaac Wheeler , Steven Holley , Brad King, Jeannette Bander , Mark Schenkel , Alison Ressler ) served as legal advisor to Aera Energy LLC
• Truist Securities and Wells Fargo served as financial advisors to California Resources Corp
• Latham & Watkins LLP ( Thomas Brandt, David Allinson ) served as legal advisor to California Resources Corp

(February 7, 2024) The Walt Disney Company to acquire an equity stake in Epic Games Inc. for $1.5 billion.

• Skadden, Arps, Slate, Meagher & Flom LLP ( Stuart Levi , Brandon Van Dyke ) served as legal advisor to Walt Disney Co.

(February 5, 2024) Thoma Bravo LP to acquire critical event management software, Everbridge Inc, for $28.60 per share totaling $1.5 billion.

• Qatalyst Partners ( Ethan Zweig , Michael Hughes ) served as financial advisor to Everbridge Inc
• Cooley LLP ( Brad Goldberg , Tom Hopkins , Kevin Cooper , Jamie Leigh ) served as legal advisor to Everbridge Inc
• Kirkland & Ellis LLP ( Cole Parker , Fred Lim , Omar Raddawi , Jeremy Mandell , Michael Keeley , Adam Kool , Brad Reed , Corey Fox ) served as legal advisor to Everbridge Inc

(February 5, 2024) Merck Animal Health Inc., a subsidiary of Merck & Co., to acquire Elanco Animal Health Inc.'s aqua business from for $1.3 billion.

• Goldman, Sachs & Co. ( Aekloveya Shyam , Peter van der Goes, Marlene Giorgio , Marc Schaffer ) served as financial advisor Merck Animal Health Inc
• Gibson Dunn & Crutcher LLP ( Nicholas Banasevic , Stephen Weissman ) and Covington & Burling LLP LLP ( Drew Fischer , Winsome Cheung , Catherine Dargan ) served as legal advisor Merck Animal Inc
• Bank of America ( Ivan Farman, Roman Makovitskiy ) served as financial advisor to Elanco Animal Health
• White & Case LLP ( Robert Milne , Andres Liivak , James Hu ) served as legal advisor to Elanco Animal Health

(February 7, 2024) Glatfelter Corp to acquire Berry Global Group Inc.'s health, hygiene and specialties global non-wovens and films business for $1 billion.

• JPMorgan Securities LLC ( Rodney Miller, Michael Miller , Eric Anderson ) served as financial advisor to Glatfelter Corp
• King & Spalding LLP ( Robert Leclerc , Heath Trisdale , Jonathan Newton ) served as legal advisor to Glatfelter Corp
• Citigroup Inc. ( Ben J. DiFabio ) and Wells Fargo ( Paul Wren ) served as financial advisor to Berry Global Group
• Bryan Cave Leighton Paisner LLP ( Lou Spelios ) served as legal advisor to Berry Global Group

(February 5, 2024) North American Stainless , a subsidiary of ACERINOX,S.A. , to acquire Haynes International for $970 million.

• Jefferies LLC served as financial advisor to Haynes International
• Kirkland & Ellis LLP ( Julia Danforth, Karsten Busby , Ivan Schlager , Michael Movsovich , Rohit Nafday , Joanna Schlingbaum, Dean Shulman , Sehj Vather , Andrea Agathoklis Murino , Matthew Sinclair-Thomson , Allison Wein , David Klein ) served as legal advisor to Haynes International
• Goldman Sachs & Co ( Dan Korich , Juande Gomez-Villalba, Rutger Van Halder ) served financial advisor to North American Stainless
• Paul, Weiss, Rifkind, Wharton & Garrison LLP ( Scott Barshay, Kyle Seifried ) served legal advisor to North American Stainless

(February 5, 2024) CBRE Group Inc. to acquire J&J Worldwide Services from Arlington Capital Partners for $800 million.

• JPMorgan Securities LLC ( Ked Fisseha , Dave Khalsa ) served as financial advisor J&J Worldwide Services
• Sheppard Mullin Richter & Hampton LLP ( Frank Bacelli , Michael Koltonyuk ) served as legal advisor J&J Worldwide Services
• Citigroup Inc ( Mike Lewis ) served as financial advisor to CBRE Group Inc
• Simpson Thacher & Bartlett LLP ( Sophie Staples , Benjamin Rippeon, Peter Guryan , Etienne Renaudeau , Tristan Brown , Harry Hudesman , Lori Lesser , Mark Pflug ) and ArentFox Schiff LLP ( Travis Mullaney ) served as legal advisors to CBRE Group Inc