Dealytics Weekly 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 63

Weekly M&A Metrics (October 27, 2024 - November 2, 2024)

Deal Volume: $33.1 Billion

Number of Deals: 130

M&A Advisory Fees: $191 Million

Top Industry: High Technology

Top Deals

(October 30, 2024) Siemens AG to acquire Altair for $113 per share in cash representing a 19% premium totaling $10.6 billion.

• Citi ( Brian Truesdale , Dhiren Shah , Thomas Nolasco ), J.P. Morgan Securities LLC ( Pankaj Goel , Drago Rajkovic ) served as financial advisor to Altair
• Lowenstein Sandler LLP ( Kate Basmagian , Darren Goodman ) and Davis Polk & Wardwell LLP ( Paul Marquardt , Veronica Wissel , Patrick Sigmon , Arthur Burke , Michael Gilson , Matthew Bacal , Alan Denenberg ) served as legal advisor to Altair
• Goldman Sachs served as financial advisor to Siemens AG
• Latham & Watkins LLP ( Kyle Jefcoat , James Barrett , Arash Aminian Baghai , Scott Ollivierre , Stephan Hufnagel , Jana Dammann de Chapto , James Gorton , Hector Armengod , Les Carnegie , Rainer Traugott , Robert Katz , Sven Volcker, Nineveh Alkhas , Katherine Moir , Michael Egge , Jonathan Parker , Jason Cruise , Daniel Williams , Laurence Seymour , Eyal Orgad ) served as legal advisor to Siemens AG

(October 28, 2024) A consortium of investors including Stephan Crétier , Oak Hill Advisors, L.P. , and One Investment Management to acquire a 70% stake in GardaWorld Security Corp. from BC Partners LLP for $9.72 billion.

• Latham & Watkins LLP ( Alexandra Croswell Kelly , Peter Sluka , Stelios Saffos ), Stikeman Elliott LLP ( John O'Connor, Jeff Hershenfield ), Simpson Thacher & Bartlett LLP ( Eli Isak , Lindsey Bohl , Sara Razi , Brian E. Rosenzweig , Etienne Renaudeau , Ken Wallach , Sophie Staples , Ryerson Symons, Jeannine McSweeney , Sebastian Tiller ), and Langlois Lawyers LLP ( Miriam Robitaille , Félix Bernard , Éric Archambault , Marc-Alexandre Hudon , Antoine Brylowski , Vincent Tremblay , Étienne Lacoursière , Sylvain Aird , Angela Kosciuk , Bruno Racine , Pierre-Hubert Seguin) served as legal advisor to the consortium of investors
• Kirkland & Ellis LLP ( Srinivas Kaushik , Matt Dixon , Adam Clifford , Steven Cantor, Benjamin Schreiner , Jared Rusman , Matthew Sinclair-Thomson , Michael Thorpe ), and Osler, Hoskin & Harcourt LLP ( Firoz Ahmed, Matias Milet , Shahir Guindi Ad. E. , Sophie Amyot ) served as legal advisor to BC Partners LLP

(October 28, 2024) Nippon Paint Holdings Co., Ltd. to acquire AOC from Lone Star Funds for $2.3 billion.

• Jamieson Corporate Finance LLP ( Michael Sirkin , Barath Mahesh , Ian Rosamilia ) served as financial advisor to AOC
• Katzke & Morgenbesser LLP ( Henry Morgenbesser , Joshua Miller ) served as legal advisor to AOC
• Bank of America Corp. ( Patrick Ramsey, John E. Griffith , Shuhei Yamashita, Yuta Komori , Tamao Sasada), and Mizuho served as financial advisor to Nippon Paint Holdings
• Davis Polk & Wardwell LLP ( Paul Marquardt , David Bauer , Howard Shelanski , Corey Goodman , Kyoko Takahashi Lin , Ken Lebrun ) served as legal advisor to Nippon Paint Holdings
• Morgan Stanley and Citi Inc. served as financial advisor to Lone Star Funds
• Gibson Dunn & Crutcher LLP ( Rachel Levick , Qi Yue , Michael Cannon , Sophia (Vandergrift) Hansell , Attila Borsos , Jonathan Whalen , Krista Hanvey , Daniel Angel , Jeffrey Chapman ) served as legal advisor to Lone Star Funds

(October 28, 2024) AbbVie Inc. to acquire Aliada Therapeutics Inc. for $1.4 billion.

• Centerview Partners ( E. Eric Tokat , Tommaso Verderame ) served as financial advisor to Aliada Therapeutics
• Fenwick & West LLP ( Effie Toshav , David Michaels , Stefano Quintini , Mike Knobler , Jennifer Yoo , Gerald Audant , Matthew Cantor , Ana Razmazma , Thomas Ensign , Steve Albertson ) served as legal advisor to Aliada Therapeutics
• Covington & Burling LLP ( Kyle Rabe, Catherine Dargan ) served as legal advisor to AbbVie

(October 30, 2024) A consortium of investors including Equinor USA Onshore Properties Inc. and EQUINOR NATURAL GAS LLC to acquire a remaining 60% stake in EQT Corporation 's non-operated natural gas assets in northeast Pennsylvania for $1.25 billion.

• Orrick, Herrington & Sutcliffe LLP ( Adam Kowis , Joe Roger ) served as the legal advisor to the consortium of investors
• Jefferies LLC ( Conrad Gibbins , Greg Chitty ) served as financial advisor to EQT
• Kirkland & Ellis LLP ( Cyril Jones , Chad Smith , David Feirstein , Lindsey Jaquillard ) as legal advisor to the EQT

(October 30, 2024) Francisco Partners LLC to acquire AdvancedMD Inc. from Global Payments Inc. for $1.125 billion.

• Moelis & Company ( Georgi Balinov , Amy Chen , Spencer Thomas ) served as financial advisor Francisco Partners Management
• Kirkland & Ellis LLP ( Brian Ford , Vladimir Khodosh , Martin Schwertmann , Sean Z. Kramer , Michele Cumpston) served as legal advisor to Francisco Partners Management
• Bank of America Corp. served as financial advisor to Global Payments Inc
• Wachtell, Lipton, Rosen & Katz ( Emily Johnson , Joshua Holmes , Nelson Fitts , Meng Lu , Michael Schobel , Jacob Kling ) served as legal advisor to Global Payments Inc

(October 28, 2024) SBA Communications Corp. to acquire Millicom (Tigo) Cellular SA's portfolio of 7,000 towers for $975 million.

• Goldman Sachs served as financial advisor to SBA Communications Corp
• Paul, Weiss, Rifkind, Wharton & Garrison LLP ( Sal Gogliormella , Michael Vogel ) served as legal advisor to SBA Communications Corp
• Lazard and JPMorganChase served as financial advisors to Millicom International Cellular
• Winston & Strawn LLP ( Nicholas Rodriguez , Louis Savage ) served a financial advisors to Millicom International Cellular

(October 29, 2024) BRIDGEPOINT ADVISERS II LIMITED to acquire Eckoh plc for $0.70 per share representing 11.34% premium totaling $219.83 million.

• Stifel Financial Corp. ( Ben Tompkins , Fred Walsh , Anand Parekh , Richard Short ), and Singer Capital Markets ( Shaun Dobson , Tom Salvesen , Alexander Bond ) served as financial advisors to Eckoh
• Mills & Reeve LLP served as legal advisor to Eckoh
• Houlihan Lokey Inc. ( James Craven , Tim Richardson , Adrian Schlegtendal ) served as financial advisor Bridgepoint Advisers II
• Cleary Gottlieb Steen & Hamilton LLP ( Ed Aldred , Alexander van der Gaag , Richard Sultman , Nick Rumsby , Gareth Kristensen , Ian Shawyer ) served as legal advisor to Bridgepoint Advisers II

(November 1, 2024) Mid Penn Bank Inc. to acquire with William Penn Bank for $13.58 per share representing 6.6% premium totaling $127 million.

• Piper Sandler served as financial advisor to William Penn Bancorp
• Kilpatrick Townsend & Stockton LLP ( Steve Donahoe , Gary Bronstein ) served as legal advisor to William Penn Bancorp
• Stephens Inc. and KBW served as financial advisor to Mid Penn Bancorp
• Pillar+Aught ( Ken Rollins ) served as legal advisor to Mid Penn Bancorp

(October 29, 2024) CECO Environmental Corporation to acquire Profire Energy Inc. for $2.55 per share representing a 46.5% premium totaling $125 million.

• Stephens Inc. served as financial advisor to Profire Energy Inc
• Mayer Brown LLP ( Ryan Ferris , Sam Gardiner , Jason Bazar , Scott Perlman , David Saye , Lauren Shurman , Richard Assmus , Arsen K. , Stephanie Vasconcellos , Bruce Perce , Ryan Liebl , Karen Kim , Sam Gardiner , Ryan Ferris ) served as legal advisor to Profire Energy Inc
• Foley & Lardner LLP ( Steven Cade , Jessie Lochmann Allen , Clyde Tinnen ) served as legal advisor to CECO Environmental Corp