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 57

Weekly M&A Metrics (September 15, 2024 - September 21, 2024)

Deal Volume: $39.0 Billion

Number of Deals: 170

M&A Advisory Fees: $179.5 Million

Top Industry: High Technology

Top Deals

(September 19, 2024) A consortium of investors including Vista Equity Partners and Blackstone Inc. to acquire Smartsheet Inc. for $56 per share representing an 8.5% premium totaling $8.4 billion.

• Qatalyst Partners ( George Boutros , Jeff Chang , Steven Koblinski ) served as financial advisor to Smartsheet
• Fenwick & West LLP ( Alan Smith , Ethan Skerry ) served as legal advisor to Smartsheet
• Goldman Sachs ( Ryan P. Nolan , Pawan Tewari , Branden Hurley , Todd Ebe ), and Morgan Stanley served a financial advisor to the consortium of investors
• Kirkland & Ellis ( Austin Glassman , Robert Goedert , Stuart Casillas , John Lynn , Rohit Nafday , Andrew Norwich , Sonali Jindal , Daisy Darvall , Katherine Nemeth , David Kung , Heidi Yuen, Mark Gardner , Marin Boney , Ari Levi , Jonathan Davis ) and Simpson Thacher & Bartlett LLP ( Adam Moss, Brian Gluck , Sophie Staples , Peter Guryan , William Allen , Greg Grogan , Lori Lesser , Anthony Vernace ) served as legal advisors to the consortium of investors

(September 18, 2024) Vistra Corp. to acquire remaining 15% stake in Vistra Vision LLC from Avenue Capital Management and Nuveen, a TIAA company for $3.248 billion.

• Citi served as financial advisor to Vistra Corp
• Latham & Watkins ( Jocelyn Noll, Caroline Blitzer Phillips , Trina Chandler ) and Sidley Austin LLP ( Bill Howell , Kelly Dybala ) served as legal advisor to Vistra Corp
• PJT Partners ( Dayan Abeyaratne ) and Evercore ( Jonathon Kaufman , Pete Sorrentino , Guilherme Musa , Nicholas Bazos ) served as financial advisors to the sellers
• Kramer Levin Naftalis & Frankel LLP ( Zachary Jacobs , Amy Caton , John Bessonette ) served as legal advisor to the sellers

(September 17, 2024) Flutter Entertainment to acquire Snaitech SpA from Playtech plc for $8.26 per share totaling $2.55 billion.

• Jefferies LLC ( Philip Noblet , Thomas Bective , James Liddy , Timothy Hughes) and Oakvale Capital LLP ( Daniel Burns , Ines Bedoya ) served as financial advisors to Playtech
• BCLP LLP ( Kyle O'Sullivan , Richard Shaw , Derek Hrydziuszko , David Dennison , Benjamin Lee , Nicholas Myatt , Tom Bacon , Andrew Hockley ) served as legal advisor to Playtech
• Arthur Cox LLP ( David Kilty , Richard Ryan , Ian Duffy , David White , Conor McCarthy , Maura McLaughlin ) and Chiomenti Studio Legal ( Luca Andrea Frignani , Arnaldo Cremona ) served as legal advisor to Flutter Entertainment

(September 19, 2024) A consortium of investors including BridgePoint Group Plc and General Atlantic have offered to acquire Esker U.S. SA for $291.47 per share representing a 30.1% premium totaling $1.8 billion.

• Deutsche Bank AG served as financial advisor to Esker SA
• Kirkland & Ellis LLP ( Dr. Thomas S. Wilson , Justin A. Schenck , Mario Mancuso, P.C. , Kalish Mullen , Luci Hague , Kurt Wunderlich, MBA MSF , Nadine Gelli , Louis Gosset , Vincent Ponsonnaille ) and JEANTET AARPI served as legal advisor to Esker SA
• Societe Generale SA and Morgan Stanley served as financial advisors to the consortium of investors
• Paul, Weiss, Rifkind, Wharton & Garrison LLP ( Dan Schuster-Woldan , William Aitken-Davies), Latham & Watkins , and Bredin Prat SAS served as legal advisor to the consortium of investors

(September 28, 2024) A consortium of investors including Sixth Street Partners and Patron Capital LP to acquire Cala Group Limited from Legal & General Group plc for $1.78 billion.

• Eastdil Secured LLC served as financial advisor to the consortium of investors
• Simpson Thacher & Bartlett LLP ( Sarah Lindley, Angus Lennox , Wheatly MacNamara ) and Travers Smith LLP ( Emma Pereira , Gareth Wynne , Alex Dixon ) served as legal advisor to the consortium of investors
• Rothschild & Co ( Alexander Midgen ) served as financial advisor to Legal & General Group plc
• Slaughter and May ( Victoria MacDuff , Charles Osborne , Rob Sumroy , David Ives , Charles Cameron , Chris Sharpe , Hywel Davies , Kevin Howes , Philip Linnard , Lisa Wright ) served as legal advisor to Legal & General Group plc

(September 16, 2024) CACI International Inc to acquire Azure Summit Technology for $1.275 billion.

• Macquarie Capital Partners ( Jeremy Parker , Tim Alden ) served as financial advisor to Azure Summit Technology
• Holland & Knight LLP ( Ashley Plemons , Adam August , Bill Sherman , Antonia Tzinova , Eric Rubin , John Dierking , David Kully ) served as legal advisor to Azure Summit Technology
• Gibson Dunn & Crutcher LLP ( Stephen Glover , Alexander Orr ) served as legal advisor to CACI International

(September 20, 2024) Cardinal Health to acquire Integrated Oncology Network for $1.115 billion.

• Bank of America Corp. served as financial advisor to Cardinal Health
• Ropes & Gray LLP ( Harvey Cotton , Michael Lampert , Fran Knox Faircloth , Douglas Brayley , Pamela Glazier , Jane Willis , Josh Lichtenstein , Jordan Altman , Michael D. Beauvais , David Kaye ) served as legal advisor to Cardinal Health

(September 16, 2024) Apollo Global Management, Inc. to acquire a minority stake in BP Pipelines TAP Ltd. from BP plc for $1 billion.

• Kirkland & Ellis ( Peter Abbott , Mark Dundon , Tom Evans , Siv Devakumar , Adam Larson , Sara Pickersgill , Jeffrey O'Connor , James McGivern , James Boswell , Shan Khan , Stephen Noh , Nick Appleton , Mary Brawley, Monica Gemes , Toby Parkinson ) served as legal advisor to Apollo

(September 16, 2024) A consortium investors including TPG , Dream Unlimited , and Stadium Capital Partners BV to acquire European Residential REIT 's Dutch residential portfolio for $772.50 million.

• Paul, Weiss, Rifkind, Wharton & Garrison LLP ( Annie Herdman ) served as legal advisor to the consortium of investors

(September 18, 2024) Playtika Holding Corp. to acquire SuperPlay for $700 million.

• The Raine Group ( Dara Leung , John Salter ) and Aream & Co. served as financial advisors to SuperPlay
• Raz, Dlugin & Co. ( Michal Donner , Ran Dlugin , Rafi Raz ) served as legal advisor to SuperPlay
• Morgan Stanley served as financial advisor to Playtika Holding
• FWMK Law Offices Furth, Wilensky, Mizrachi, Knaani ( Itai Farkash , Tomer Toor, Udi Knaani , Elad Astro , Ariel Ziv ) served as legal advisor to Playtika Holding

(September 18, 2024) Seiko Epson Corporation to acquire Fiery LLC from Siris Capital Group LLC for $591 million.

• DC Advisory ( Eric Edmondson , Oliver Ramskill , Mike McMahon , Atsuhiko Takahara , Michael Mariaz , Thomas Krasnewich , Tosh Kojima ) and UBS Investment Bank served as financial advisors to Siris Capital Group
• Sidley Austin LLP ( Vijay Sekhon , Ayo Badejo ) served as legal advisor to Siris Capital Group

(September 28, 2024) Bel Fuse Inc. to acquire an 80% stake in Enercon Technologies Ltd. from Fortissimo Capital for $320 million.

• Citi served as financial advisor to Enercon Technologies
• Gornitzky GNY ( Chaim Friedland , Timor Belan ) served as legal advisor to Enercon Technologies
• Evercore served as financial advisor to Bel Fuse
• White & Case LLP and meitar Liquornik Geva & Leshem bradwein served as legal advisor to Bel Fuse

(September 16, 2024) EverBank NA to acquire Sterling Bank & Trust, FSB for $261 million.

• KBW ( Joe Moeller , Dan Gerard , Ashwin Kakani, CFA , Aaron Axton ) and Hovde Group served as financial advisors to Sterling Bank & Trust FSB
• Arnold & Porter Kaye Scholer LLP ( Robert Azarow , Kevin Toomey , James Cooper , Laurie Abramowitz , Edward Deibert ) served as legal advisor to Sterling Bank & Trust FSB
• Simpson Thacher & Bartlett LLP ( Louis Argentieri , Spencer Sloan , Jonathan Goldstein , Ravi Purushotham , Jeannine McSweeney , Lori Lesser , Lee Meyerson ) served as legal advisor to EverBank NA

(September 19, 2024) Oaktree Capital Management, L.P. to acquire Close Brothers Asset Management from Close Brothers Group plc for $227.91 million.

• Titan Company Limited served as financial advisor to the consortium of investors
• Greenberg Traurig, LLP ( Sophie Allen , Tim Dolan , Sava Savov ) served as legal advisor to the consortium of investors
• Goldman Sachs ( Ronan Breen , Owain Evans, James Lucas ) served as financial advisor to Close Asset Management Ltd
• Slaughter and May ( Charles Osborne , David Shone , Jane Edwarde , Laura Houston , Ian Johnson , Philip Linnard , Richard Smith , Claire Jackson ) served as legal advisor to Close Asset Management Ltd

(September 18, 2024) NewRiver REIT to acquire Capital & Regional plc for $0.84 per share representing a 21% premium totaling $193.89 million.

• Stifel Financial Corp. ( Mark Young , Nicholas Harland , Jonathan Wilkes-Green ) and Deutsche Numis ( Ben Stoop , Stuart Ord , Jack McLaren ) served as financial advisor served as financial advisor to Capital & Regional plc
• CMS Cameron McKenna Nabarro Olswang LLP served as legal advisor to Capital & Regional plc
• Kinmont Ltd ( Gavin Kelly , Mat Thackery ), Jefferies LLC ( Philip Noblet , Ed Matthews , William Brown , Rishi Bhuchar , Andrew Morris ), and Rothschild & Co served as financial advisor to NewRiver REIT plc
• Eversheds Sutherland served as legal advisor to NewRiver REIT plc