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 66

Weekly M&A Metrics (November 17, 2024 - November 23, 2024)

Deal Volume: $36.6 Billion

Number of Deals: 135

M&A Advisory Fees: $261.7 Million

Top Industry: Materials

Top Deals

(November 19, 2024) Amcor plc to merge with Berry Global, Inc. for an implied share price of $73.59 in an all stock deal representing a 9.75% premium totaling $8.46 billion.

• Lazard ( Richard Whitney , Tyler Mayo ), Wells Fargo Securities LLC ( Paul Wren , Doug Braunstein ) served as financial advisor to Berry Global Group
• Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates ( Steven Messina , Laura Kaufmann Belkhayat , Brooks Allen , Alec Jarvis , David Rievman , Victor Hollender , Joseph Rancour , Steve Sunshine , Paul Schnell , Erica Schohn , Michael Chitwood ) served as legal advisors to Berry Global Group
• UBS Investment Bank ( Robin Rankin), Goldman Sachs ( Matt McClure , Colin Convey ) served as financial advisors to Amcor plc
• Kirkland & Ellis ( Scott Price , Brittany Taylor , Jared Whalen , Eric Schiele , Katherine Shaia , Andrew Norwich , Sophia Hudson , Rachael Lichman , Jared Rusman , Jack Coles , Andrea Agathoklis Murino , Carlo Zenkner, Jonathan Davis ) served as legal advisor to Amcor plc

(November 19, 2024) Blackstone to acquire a majority stake in Jersey Mike's Subs for $8 billion.

• Morgan Stanley and Guggenheim Partners LLC served as financial advisors to Mike’s Subs
• White & Case LLP ( David Thatch , Jeff Gilson , Greg Pryor ) served as legal advisors to Mike’s Subs
• Barclays ( Brett Pickett, John Seewoester ) and Bank of America served as financial advisors to Blackstone
• Simpson Thacher & Bartlett LLP ( Greg Grogan , Leah Malone , Krista McManus, Adam Moss, Lori Lesser , John Schueller, Brian Gluck , Jonathan Goldstein , Sophie Staples , Peter Guryan , Michael Chao , Elizabeth Cooper ) served as legal advisor to Blackstone

(November 20, 2024) Brookfield Asset Management Ltd. has offered to acquire Grifols SA for $11.11 per share representing a 31.32% premium totaling $6.83 billion on a non-binding basis.

• Morgan Stanley served as financial advisor to Grifols SA
• Lazard served as financial advisor to Brookfield Asset Management

(November 19, 2024) AeroVironment to acquire BlueHalo for $4.1 billion.

• J.P. Morgan Securities LLC ( Ked Fisseha , Mark Marengo , Jason Spindel , Samuel Zimmerman , Dave Khalsa , Mithil Mehta ) served as financial advisor to BlueHalo
• Goodwin Procter LLP ( Cecelia Lockner , Richard Matheny , Jim Matarese , David Patton , Reid Bagwell , Caitlin Tompkins , Andrew Kimball , Matt Mauney , Blake Liggio , Edward Holzwanger , Caroline Bullerjahn , Andrew Harrow , Eram Khan , Nathan Brodeur , Jacqueline Klosek , Edwin O'Connor, Ai Tajima , Steve Charkoudian , Andrew Sucoff , Jean A. Lee , Christopher Edwab , Justin Pierce , Sarah Bock, Bralower Jennifer , Andrew Lacy , Joshua Zachariah , Josh Klatzkin ) served as legal advisor to BlueHalo
• RBC Capital Markets ( Matt Brown , Macon Thompson , David Henry, CFA ) served as financial advisor to AeroVironment
• Latham & Watkins ( Nathan Whitaker , Scott Westhoff , Drew Capurro , Michelle Ontiveros Gross , Mark Morris , Harrison White , Kyle Jefcoat , Joseph Farrell , Erin Brown Jones , Tessa Bernhardt , Andrea Ramezan-Jackson , Jana Dammann de Chapto , Michael Egge , Leah Sauter , Holly Bauer , Charles Ruck ) served as legal advisor to AeroVironment

(November 22, 2024) Protective Industrial Products Inc to acquire Honeywell International Inc.'s personal protection equipment unit for $1.325 billion.

• Latham & Watkins ( Jocelyn Noll, Sven Nickel , Nils Röver , John Giouroukakis , Dr. Susan Kempe-Müller , Dr. Tobias Leder , Daniel Williams ) and KPMG LP served as legal advisor to Protective Industrial Products
• Goldman Sachs ( Dusty Philip, Alexander Mielke , Aimee Mungovan ) served as financial advisor to Honeywell International
• Kirkland & Ellis LLP ( Conor O'Muiri , Andrea Agathoklis Murino , Sara Zablotney , Melissa Hutson , Ashley Sinclair , Heidi Yuen, Sharon Freiman , Maureen O'Brien , Todd Herst , Scott Price , Brittany Lischinsky Burke , Sally Ye, David Klein , Daniel Lewis , Ted Frankel ) served as legal advisor to Honeywell International

(November 19, 2024) DT Midstream to acquire ONEOK 's three FERC-regulated natural gas transmission pipelines for $1.2 billion.

• Barclays served as financial advisor to DT Midstream
• Weil, Gotshal & Manges LLP ( Steven Lorch , Omar Samji , Annemargaret Connolly , Matthew Morton , Peter Mee , Amanda Rotkel , Leslie Smith, Megan Granger ) served as legal advisor to DT Midstream
• Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates ( Jeff Romero , Eric Otness , David Schwartz , Erica Schohn , Brian V. Breheny ) served as legal advisor to ONEOK

(November 20, 2024) Golub Capital LLC alongside PSG Equity LLC to invest $800 million in LogicMonitor Inc.

• Evercore ( Scott Kamran , Chitrank Jain , Sunil Koshie ) and Morgan Stanley served as financial advisors to LogicMonitor
• Weil, Gotshal & Manges LLP ( Jonathan Macke , Rick Frye ) served as legal advisor to PSG Equity LLC

(November 21, 2024) A consortium of investors including Mediaocean LLC and CVC Capital Partners Ltd to acquire Innovid Corp. for $3.15 per share representing a 94% premium totaling $525 million.

• Evercore ( Zaheed Kajani , Brandon Rasmusson ) served as financal advisor to Innovid Corp
• Latham & Watkins ( Zach Rowen , Farrell Malone , Scott Ollivierre , Adam Kestenbaum , Jessica Cohen , Robert Blamires , Jana Dammann de Chapto , Eric Kamerman, Eyal Orgad , Josh Dubofsky ) served as legal advisor to Innovid Corp
• Deutsche Bank AG served as financial advisor to Mediaocean LLC
• White & Case LLP ( Daniel Kozin , Michael Deyong , Oliver Brahmst ) served as legal advisors to the consortium of investors

(November 18, 2024) Northwest Natural Holding ( NW Natural ) to acquire SiEnergy LP for $425 million.

• J.P. Morgan Securities LLC served as financial advisor to Northwest Natural Holding
• Stoel Rives LLP served as legal advisor to Northwest Natural Holding
• RBC Capital Markets served as financial advisor to SiEnergy

(November 18, 2024) Elders to acquire Delta Agribusiness Pty. Ltd. from Odyssey Private Equity Pty. Ltd. for $5.50 per share totaling $475 million.

• UBS Investment Bank served as financial advisor to Delta Agribusiness Pty.
• Macquarie Group served as financial advisor to Elders
• MinterEllison ( Bart Oude-Vrielink , Sudharshan Senathirajah ) served as legal advisor to Elders

(November 19, 2024) Robinhood Markets Inc. to acquire TradePMR Inc. for $300 million.

• Lazard served as financial advisor to TradePMR
• Stradley Ronon Stevens & Young LLP ( Melanie Ronen , Alycia M. Vivona , Dean Krishna , Christopher Connell ) served as legal advisor to TradePMR
• Citi served as financial advisor to Robinhood Markets
• Cravath, Swaine & Moore LLP ( Jeffrey T. Dinwoodie , Michael Arnold , Andrew Davis, Jonathan Katz , David Kappos , Bethany Pfalzgraf ) served as legal advisor to Robinhood Markets

(November 22, 2024) Applied Industrial Technologies Inc. to acquire Hydradyne LLC for $272 million.

• McDermott Will & Emery ( Eric Orsic ) served as legal advisor to Hydradyne
• Squire Patton Boggs ( Michael Trivisonno , Cipriano Beredo ) served as legal advisor to Applied Industrial Technologies

(November 20, 2024) N-able Inc to acquire Adlumin Inc. for $235.89 million.

• Piper Sandler served as financial advisor to Adlumin
• Mintz ( Gregg Benson , Daniel DeWolf , David Lagasse , Joseph Ronca ) served as legal advisor to Adlumin
• DLA Piper ( Nathaniel D. McKitterick , Georgia Jolink , Michelle Lara , Brian Hamano , Jeff Aronson , Brent Bernell , Jeffrey Scharfstein ) served as legal advisor to N-able