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 62

Weekly M&A Metrics (October 20, 2024 - October 26, 2024)

Deal Volume: $37.7 Billion

Number of Deals: 133

M&A Advisory Fees: $174.0 Million

Top Industry: Consumer Products and Services

Top Deals

(October 21, 2024) A consortium of investors including Neuberger Berman Group LLC, EQT Group and CPP Investments | Investissements RPC together to acquire Nord Anglia Education for $14.5 billion.

• Lazard Ltd. ( Nick Miles , Holcombe Green ), HSBC Holdings plc, JPMorganChase & Co., Goldman Sachs , Deutsche Bank , and Morgan Stanley served as financial advisors to Nord Anglia Education
• Latham & Watkins LLP ( Christian McDermott , Aoife McCabe , Sarah Gadd , Peter Sluka , Quentin Gwyer , Gail Crawford , Nathan Seltzer , Robert Price , Dominik Sklenar , Simon Cooke, Sal Vanchieri , Olga Ponomarenko , Stelios Saffos , Nicole Fanjul , Katherine Moir , Suneel Basson-Bhatoa , David Walker ) served as legal advisors to Nord Anglia Education
• Cravath, Swaine & Moore LLP ( Jihyun Chung , Arvind Ravichandran , Peter Feist ), Debevoise & Plimpton ( Shawn Yang ), and Ropes & Gray LLP ( Eve Ellis , Elizabeth Todd , Andrew Howard , Shona Ha ) served as legal advisor to the consortium of investors

(October 24, 2024) The TKO Group Holdings Inc. to acquire 3 sports adjacent businesses which include IMG Worldwide LLC, On Location Events LLC and Professional Bull Riders Inc. from Endeavor Group Holdings Inc. for $3.25 billion in an all stock deal.

• Morgan Stanley ( Brian Stearns ) and Moelis & Company ( Navid Mahmoodzadegan , Raphael Swann , Carlos Jimenez, Peter Arnaboldi , Russell Carpenter , Dan Lee ) served as financial advisors to TKO Group
• Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates ( Kyle Hatton , Brandon Van Dyke ) served as legal advisor to TKO Group
• Latham & Watkins ( Morgan Brubaker , Michael Anastasio , Justin G. Hamill ) served as legal advisor to the Endeavor Group

(October 21, 2024) Atlantic Union Bank to acquire Sandy Spring Bank for $34.93 per share representing a 7.1% premium totaling $1.6 billion.

• KBW ( Scott Anderson , Graham H. , Adam Tarvin ) served as financial advisor to Sandy Spring Bancorp
• Kilpatrick Townsend & Stockton LLP ( Steve Donahoe , Ed Olifer ) served as legal advisor to Sandy Spring Bancorp
• Morgan Stanley ( Grant Gregory , Brandon Winikates ) served as financial advisor to Atlantic Union Bankshares
• Davis Polk & Wardwell LLP ( David Portilla , Corey Goodman , Howard Shelanski , Lee Hochbaum , Jennifer Conway , Margaret Tahyar ) served as legal advisor to Atlantic Union Bankshares

(October 24, 2024) Acuity Brands Inc. to acquire QSC LLC for $1.215 billion.

• Morgan Stanley served as financial advisor to QSC LLC
• Proskauer Rose LLP ( Aaron Muhyung Lee , Colleen M Hart , Kristian Herrmann , Matthew O'Loughlin ) served as legal advisor to QSC LLC
• Allen & Company LLC. served as financial advisor to Acuity Brands
• Baker McKenzie LLP ( Leif King , Darcy Down , Sinead Kelly ) served as legal advisor to Acuity Brands

(October 22, 2024) Wendel to acquire a 75% stake in Monroe Capital LLC from Bonaccord Capital Partners for $1.13 billion.

• Goldman Sachs ( Mike Nickols , William Wasserman, CFA , Chris Cable ) served as financial advisor to Monroe Capital
• Fried Frank , Harris, Shriver & Jacobson LLP ( Ben Clark , Neda Moussavi , Joshua Roth , Michael Gershberg , Joseph Vitale , Philip Heimowitz, Michael Yu , Rodney Hill , Alan Kaden , Tobias Caspary , Aleksandr Livshits , Nathaniel Asker , Thomas Lee , Andrew Colosimo ) served as legal advisor to Monroe Capital
• UBS served as financial advisor to Wendel SA
• Kirkland & Ellis ( Valentine Bleicher , Christopher Simpson , Vincent Ponsonnaille , James Mayne , Nadine Gelli , Louis Gosset , Lee Morlock , Lavon-Krein Daniel , Christopher M. Gandia ) served as legal advisor to Wendel SA

(October 22, 2024) Stripe Inc. to acquire Bridge for $1.1 billion.

• Fenwick & West ( Douglas Cogen , Michael Brown , Joseph Schenck , Shawn Lampron , Marshall Mort , William Skinner , Melissa L. Duffy , Thomas Ensign ) served as legal advisor to Bridge Ventures

(October, 24, 2024) Keurig Dr Pepper Inc. has agreed to acquire 60% stake in Ghost Beverage for $990 million. The remaining 40% stake will be acquired in 2028.

• Morgan Stanley served as financial advisor to GHOST Beverages
• Winston & Strawn LLP ( Scott Landau , Angela Russo , Brendan P. Mace , Eva Davis ) served as legal advisor to GHOST Beverages
• Bank of America ( Brian Handy , Andrew Conway ) served as financial advisor to Keurig Dr Pepper
• Cleary Gottlieb Steen & Hamilton LLP ( Alan Freedman , Leah Brannon, Kimberly Spoerri ) served as legal advisor to Keurig Dr Pepper

(October 21, 2024) Construction Partners to acquire Asphalt Inc LLC, doing business as Lone Star Paving for $878.3 million.

• Wells Fargo Securities LLC served as financial advisor to Asphalt Inc.
• ArentFox Schiff LLP ( Nick Tipsord , Travis Mullaney , Dan Monger , Chris Bollinger , Brian Friederich , David Loring , Jason Zgliniec, Olga Bogush , Ben Leese ) served as legal advisor to Asphalt Inc.
• Haynes and Boone, LLP ( Paul Amiel , Greg Samuel , Sakina Rasheed Foster , Kellie Bobo ) served as legal advisor to Construction Partners

(October 21, 2024) Sophos Group Inc to acquire Secureworks Inc. from Dell Technologies for $8.50 per share totaling $859 million.

• Morgan Stanley ( David Chen , Wally Cheng ), Piper Sandler ( Brian White , Bryant Williams ), and Wells Fargo Securities LLC served as financial advisor to SecureWorks Inc
• Paul, Weiss, Rifkind, Wharton & Garrison LLP ( Scott Barshay, Laura Turano , Patricia V. , Jonathan Ashtor , Jarrett Hoffman ) served as legal advisor to SecureWorks Inc
• Barclays ( Ben Freeland , Michael Keslosky , Jonathan Hare , Sterling Auty , Jeff Glaser ), HSBC , UBS Investment Bank , Bank of America , and Goldman Sachs served as financial advisor to Sophos Group
• Kirkland & Ellis ( Matthew Sinclair-Thomson , Brian Ford , Aaron Lorber , Jack Coles , Daniel Zach , Amber Harezlak, JD, PhD , Steven Page , Brad Reed ) served as legal advisors to Sophos Group
• Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates ( Page Griffin , Ken Kumayama , Christian Nahr , David Schwartz , Gavin White , Brett Fleisher , Allison Schneirov ) served as legal advisor to Dell Technologies

(October 21, 2024) SAS Marine Pte Ltd Shipping Agency Services to acquire 56.47% stake in Wilson Sons from OW Overseas (Investments) Ltd for $764.41 million.

• Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates ( Ani Kusheva , Lorenzo Corte ) served as legal advisor to SAS Shipping Agencies Services Sarl
• Peel Hunt LLP ( Edward Allsopp , charles batten , Tom Ballard ), and BTG Pactual served as financial advisor to OW Overseas (Investments) Ltd
• Slaughter and May and Pinheiro & Guimarães Advocacia served as legal advisor to OW Overseas (Investments) Ltd

(October 21, 2024) Truelink Capital to acquire GES - Global Experience Specialists from Viad Corp for $535 million.

• BrightTower LLC ( Sam Barthelme ) and Baird & Co. served as financial advisor to Truelink Capital
• Kirkland & Ellis LLP ( Rohit Nafday , Zak Morozov , Justin Coddington , Seth Pritchard , John Lynn , Brian Ford , Devin Heckman , Anthony Ji , Christine Lacku , Jared Maher , Sean Z. Kramer ) served as legal advisor to Truelink Capital
• Moelis & Company and Stax ( Florent Jarry , Will Barden , Nikki Shah ) served as financial advisor to Viad Corp
• Latham & Watkins LLP ( Robert Blamires , Sean Parish , Noah Weiss, Michelle Carpenter , Diana Doyle , Jeffrey Tochner , Bradley Faris , Jason Morelli ) served as legal advisor to Viad Corp

(October 24, 2024) A consortium of investors including TPG, Inc. and Hedosophia Services Ltd. to invest $366.67 million in Vinted .

• Morgan Stanley served as financial advisor to Vinted
• Cooley LLP LLP and Taylor Wessing ( Charlotte Witherington , Graham Hann , Paul Callaghan , Graham Samuel-Gibbon , Liz Wilson ) served as legal advisor to Vinted
• Kirkland & Ellis LLP ( Dana Abdulkarim , Katherine Shaia , Jacqueline Clover , Ben Hai , Vincent Bergin ) served as legal advisor to the consortium of investors

(October 23, 2024) CityFleet Networks to acquire Addison Lee Ltd. for $349.38 million.

• Jefferies LLC ( Philip Noblet , Gareth Kruger CFA, CA(SA) ) served as financial advisor to Addison Lee Ltd
• Linklaters LLP ( Alexei Franks , Andrew Lynch , Rory Conway , Namrata Shah , Nick Le Masurier ) served as legal advisor to Addison Lee Ltd