CACI International completes the acquisition of ARKA Group from Blackstone for $2.6bn.

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AMERICAS

Agilent Technologies to acquire Biocare Medical from Excellere Partners and GHO Capital Partners for $950m.

Agilent Technologies, a provider of molecular spectroscopy solutions, agreed to acquire Biocare Medical, a provider of immunohistochemistry instruments and reagents, from Excellere Partners, a middle-market private equity investment firm, and GHO Capital Partners, a healthcare‑focused investment advisor, for $950m, according to press releases.

Agilent Technologies is advised by Barclays, Sullivan & Cromwell and Joele Frank (led by Daniel Katcher). Biocare Medical is advised by Jefferies & Company, Ropes & Gray and ICR Inc (led by Amber Fennell), according to press releases.

Universal Health Services to acquire Talkspace for $866m.

Universal Health Services, a healthcare management company, agreed to acquire Talkspace, a virtual mental health company, for $835m, according to press releases.

Talkspace is advised by Wells Fargo Securities and Cravath Swaine & Moore. Wells Fargo is advised by Sullivan & Cromwell (led by Stephen M. Kotran). UHS is advised by JP Morgan and McDermott Will & Schulte, according to press releases and MergerLinks data.

ELGA Credit Union completes the acquisition of Marine Bank & Trust for $80m.

ELGA Credit Union, a community development financial institution that has been a community partner in Michigan, completed the acquisition of Marine Bank & Trust, a local community bank committed to helping residents and small businesses, for $80m, according to press releases.

Marine Bank & Trust was advised by Piper Sandler and Igler and Pearlman. ELGA Credit Union was advised by McQueen Financial Advisors and Honigman Miller Schwartz & Cohn, according to press releases.

ASGN completes the acquisition of Quinnox for $290m.

ASGN, a provider of IT services and professional solutions, completed the acquisition of Quinnox, an agile digital solutions provider, for $290m, according to press releases.

ASGN was advised by Clearsight Advisors (led by Philo Tran and Rishabh Mishra) and Sullivan & Cromwell (led by Patrick S. Brown), according to press releases and MergerLinks data.

EMS Group to acquire Medley from Sanofi.

EMS Group, a major pharmaceutical conglomerate in Brazil, agreed to acquire Medley, Brazilian generics company, from Sanofi, a pharmaceutical company, according to press releases. Financial terms were not disclosed.

Sanofi is advised by Jones Day (led by S. Wade Angus), according to MergerLinks data.

Mill Point Capital-backed AeriTek completes the acquisition of Federal Industries from Standex International.

Mill Point Capital-backed AeriTek, a manufacturer, designer, and distributor of commercial refrigeration, completed the acquisition of Federal Industries, a provider of fresh‑food merchandising equipment, from Standex International, an industrial products and engineering solutions provider, according to press releases. Financial terms were not disclosed.

Mill Point Capital and AeriTek were advised by McDermott Will & Schulte, according to press releases.

Aecon Group completes the acquisition of Duna Services.

Aecon Group, a construction and infrastructure development company, completed the acquisition of Duna Services, a company that delivers underground and overhead electrical distribution, transmission, substation maintenance, and emergency restoration construction services, according to press releases. Financial terms were not disclosed.

Aecon Group was advised by Dechert, according to press releases.

Aecon Group completes the acquisition of a 49% interest in KNX Utility Services.

Aecon Group, a construction and infrastructure development company, completed the acquisition of a 49% interest in KNX Utility Services, a provider of emergency restoration and storm response services for electrical distribution and transmission construction work, according to press releases. Financial terms were not disclosed.

Aecon Group was advised by Dechert, according to press releases.

KKR eyes multibillion-dollar sale of data centre cooling company. (FT)

KKR is exploring a sale of CoolIT Systems that could exceed $3bn, aiming for a 10× return on the $270m valuation at which it bought the company in 2023. Mubadala holds a minority stake. CoolIT has shifted from cooling gaming PCs to providing liquid‑cooling systems for AI data centres, benefiting from record infrastructure build‑outs.

The sector is seeing heavy consolidation as demand for AI‑ready cooling accelerates. Recent deals include Eaton’s $9.5bn purchase of Boyd’s thermal unit, Vertiv’s acquisition of PurgeRite, and the $33bn take‑private of AES Corp by Global Infrastructure Partners and EQT. KKR has also been active, taking CyrusOne private with GIP for $15bn.

Tencent is said to be back on Paramount-Warner Bros deal with fresh funding. (Bloomberg)

Tencent is re‑joining the Paramount Skydance bid for Warner Bros Discovery and plans to invest several hundred million dollars into the deal. Tencent would participate purely as a passive financial investor.

The investment would bolster Paramount Skydance’s acquisition financing, though terms remain subject to change and discussions are private. The move marks a renewed entry by Tencent into a major US media transaction.

Activist Starboard takes big stake in french-fry maker Lamb Weston. (WSJ)

Starboard Value has taken a significant stake in Lamb Weston, the major producer of frozen‑potato products supplying customers including McDonald’s. The activist fund is pushing the company to accelerate operational improvements and cost reductions to lift its underperforming share price.

Starboard is now one of Lamb Weston’s largest shareholders, though the exact size of its position has not been disclosed. The investor is expected to engage the company on strategic and efficiency measures in the coming months.

Mass-Market insurer iA Financial looks to US for deals, expansion. (Bloomberg)

iA Financial is seeking a multibillion‑dollar acquisition in the US after reaching a record valuation earlier in 2026. The Quebec‑based insurer and asset manager, which targets mass‑market customers rather than high‑net‑worth clients, believes smaller deals no longer move the needle.

CEO Denis Ricard told the board to expect a transaction “a couple of billion” in size as the firm looks to accelerate growth south of the border. iA Financial has been expanding through bolt‑ons in recent years, but now aims for a larger US platform deal.

Trump sons back new drone company targeting Pentagon sales. (WSJ)

Eric Trump and Donald Trump Jr. are backing Powerus, a newly formed drone roll‑up company aiming to capture rising Pentagon demand after the administration’s ban on purchasing new Chinese‑made drones. Powerus, based in West Palm Beach, is acquiring multiple drone businesses as it positions itself as a US‑based supplier.

Powerus will become publicly traded via a reverse merger with a golf‑course holding company backed by the Trump family, with shares expected to begin trading on Nasdaq next month. The company plans to target US military and government contracts as demand for domestically sourced drone systems accelerates.

South Korea in talks to invest in nuclear power project in US. (Reuters)

South Korea’s industry minister Kim Jung‑kwan stated that Seoul is in advanced talks to invest in a US nuclear‑power project, part of its pledge to channel $350bn into US initiatives. The review was accelerated after President Donald Trump threatened to raise tariffs on South Korean imports to 25%, citing delays in implementing trade agreement in 2025.

The discussions come as the US moves forward with a major nuclear expansion, including an $80bn reactor‑building partnership with Westinghouse. Japan and the US are also considering nuclear investments under Japan’s $550bn package, suggesting a broader regional pivot toward US clean‑energy projects.

Hims & Hers surges on Novo obesity deal that ends public feud. (Bloomberg)

Hims & Hers Health shares jumped after Novo Nordisk reached a new agreement allowing its weight‑loss drugs to be sold on the Hims platform, effectively ending a public dispute between the companies. The partnership could be announced as early as the 9th of March 2026.

The two firms had a similar arrangement in 2025, but Novo terminated it after Hims refused to stop offering compounded versions of its obesity medicines. The renewed deal signals a reset in the relationship as demand for weight‑loss treatments continues to surge.

Netflix goes from M&A loser to market winner without Warner deal. (Bloomberg)

Netflix shares have rebounded sharply after the company opted to walk away from its proposed acquisition of Warner Bros Discovery, easing investor concerns about strategic distraction and deal risk. Analysts, including Wedbush’s Alicia Reese, stated that Netflix’s core business remains strong and never required the deal to sustain growth.

The market reaction underscores renewed confidence in Netflix’s standalone strategy as it continues scaling advertising, live content, and global subscriptions.

Klarna valuation tested as lockup expires for early investors. (Bloomberg)

Klarna 335m shares become eligible for trading as its post‑IPO lockup expired on the 9th of March 2026, adding pressure to a valuation already hit by ongoing losses and a sharp share‑price decline. Around 90% of shares had been restricted since Klarna’s $1.58bn IPO in September 2025.

The stock has dropped roughly 66% since listing, closing at $13.75 on March 7 2026 and cutting the company’s valuation to about $5bn. The lockup expiry now tests investor appetite as early shareholders gain the ability to sell.

Tesla billionaire buys more Nvidia to ‘Calm the nervous market’. (Bloomberg)

Leo KoGuan, the billionaire Tesla investor, has doubled his stake in Nvidia to 2m shares, buying an additional 1m amid the global market selloff triggered by Middle East tensions. He stated the purchase was intended to “calm the nervous market,” posting the update on X.

KoGuan, one of Tesla’s largest individual shareholders, has been vocal about backing major AI‑chip makers. His move adds to renewed investor interest in Nvidia, which remains central to global AI‑infrastructure demand despite broader volatility.

EMEA

Zurich Insurance Group to acquire RedClick from Generali for €337m.

Zurich Insurance Group, an insurance company, agreed to acquire RedClick, a company specializing in car insurance, home insurance, and property insurance, from Generali, an insurance and asset‑management provider, for €337m ($391m), according to press releases.

Generali is advised by Bank of America, Clifford Chance and Goodbody, according to press releases.

A consortium of investors leads a $2bn Series C round in Nscale.

A consortium of investors including Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, and Point72, led a $2bn Series C round in Nscale, an AI infrastructure hyperscaler, according to press releases.

Nscale was advised by Goldman Sachs and JP Morgan, according to press releases.

emagine completes the acquisition of Waada The Movement.

emagine, a business and IT consultancy firm, completed the acquisition of Waada The Movement, a Netherlands-based consultancy specialising in business transformation, data and software development, according to press releases. Financial terms are not disclosed.

emagine was advised by Houthoff (led by Bram Caudri), according to press releases and MergerLinks data.

EQT to acquire a 42% stake in Kelda Group.

EQT, an investment firm, agreed to acquire a 42% stake in Kelda Group, a provider of water and sewerage services, according to press releases. Financial terms are not disclosed.

EQT is advised by Kekst CNC, according to press releases.

Phenna Group completes the acquisition of ENX.

Phenna Group, a provider of testing, inspection, certification, and compliance services, completed the acquisition of ENX, a mechanical, electrical and plumbing consultancy specialising in the residential new build housing and retrofit sector in Ireland, according to press releases. Financial terms were not disclosed.

ENX was advised by DC Advisory (led by Raymond Donegan), according to MergerLinks data.

Virgin Media O2 owner eyes broadband deals to take on BT Openreach. (FT)

Telefónica, co‑owner of Virgin Media O2, is pursuing more UK broadband acquisitions to help VMO2 compete with BT Openreach, after backing a £2bn ($2.7bn) takeover of Netomnia through Nexfibre, its joint venture with Liberty Global and InfraVia Capital. The deal expands Nexfibre’s coverage to 8m homes and gives VMO2 access to 20m, versus BT Openreach’s 30m+ footprint.

Consolidation among heavily indebted “altnets” is expected, with VodafoneThree in talks to use VMO2 and Nexfibre’s networks. Telefónica recently booked a €585m ($680m) impairment on VMO2 and is restructuring under chair Marc Murtra, who cut 5k jobs in Spain. He declined to comment on speculation about a potential move for Germany’s 1&1.

UK to review Axel Springer's $767m deal for Telegraph under media rules. (Reuters)

The UK government will review Axel Springer’s £575m ($767m) deal to acquire Telegraph Media under the country’s public‑interest and foreign‑state‑influence media‑mergers regime, culture minister Lisa Nandy said on 9th of March 2026. The offer disrupts a competing bid from DMGT, which had already been referred for regulatory scrutiny.

Lisa Nandy stated that she will assess the deal in a quasi‑judicial capacity under the Enterprise Act 2002. The review adds fresh uncertainty to the long‑running Telegraph sale, which has drawn political sensitivity due to concerns over media plurality and foreign ownership.

German submarine systems maker Gabler rises in stock market debut. (Reuters)

Gabler, the German submarine‑systems manufacturer, rose in its Frankfurt trading debut, opening at €47.20 ($54.8) per share versus an offer price of €44 ($51). The IPO valued the company at €266m ($309m), with 49.9% of shares in free float.

Gabler develops hydraulic and electrical mast systems for submarines and is among the few European defence suppliers to be listed amid rising demand for naval equipment capabilities.

Koenigsegg Automotive is weighing an IPO. (Bloomberg)

Koenigsegg Automotive, the Swedish maker of ultra‑high‑end hypercars priced around $4m, is considering an IPO to help expand production. The company, based in Ängelholm, builds its own engines, transmissions, and battery systems and has grown into one of the world’s most advanced boutique automakers.

Koenigsegg stated that it is in no rush to list but may seek external capital to support rising global demand for models capable of reaching 250 mph. The company, founded and run by Christian and Halldora von Koenigsegg, continues to manufacture in southern Sweden despite limited local automotive infrastructure.

APAC

Tilray Brands completes the acquisition of BrewDog Brewing Australia.

Tilray Brands, a provider of pharmaceutical and wellness products, completed the acquisition of BrewDog Brewing Australia, a producer of craft beverages, according to press releases. Financial terms were not disclosed.

Tilray Brands was advised by Prosek Partners, according to press releases.

PAG to explore sale of chicken meat producer Fengxiang. (Bloomberg)

PAG is exploring a sale of Shandong Fengxiang, the Chinese poultry producer it took private in 2025. The private‑equity firm has begun early talks with potential advisers to evaluate strategic options.

A transaction could value Fengxiang operator of Fovo Foods at $700m–$900m, though discussions remain preliminary and no decision has been made.

Blackstone to work with Citi on revived sale of ShyaHsin Packaging. (Bloomberg)

Blackstone has hired Citigroup to prepare a revived sale process for ShyaHsin Packaging, the Chinese packaging manufacturer. The private‑equity group is expected to seek a valuation of at least $1bn.

A formal process could begin later in 2026, though discussions remain preliminary. ShyaHsin produces beauty and personal‑care packaging for global consumer brands, and a sale would mark one of the larger regional exits for Blackstone in 2026.

Fosun shares rebound on shareholders’ pledge to boost stake. (Bloomberg)

Fosun International shares rebounded up to 2.2% in Hong Kong after controlling shareholders pledged to increase their stake via open‑market purchases, easing concerns over a sharply wider forecast loss. The stock had fallen nearly 5% earlier after Fosun warned it expects a 2025 net loss of CNY21.5bn–23.5bn ($3.1bn–$3.4bn), compared with a CNY4.35bn ($630m) loss in 2025.

The pledge from Fosun’s major shareholders helped stabilise sentiment amid worries about the Shanghai‑based conglomerate’s financial outlook. The company stated that the loss forecast reflects pressure across several business units and ongoing restructuring efforts.

China’s Victory Giant to plan $2bn Hong Kong listing as soon as April. (Bloomberg)

Victory Giant Technology, the Shenzhen‑listed Chinese printed‑circuit‑board maker, is preparing a Hong Kong listing that could raise over $2bn as soon as April 2026. China’s securities regulator approved the offering last week, following board approval in July 2025.

The deal would mark one of the larger Hong Kong listings by a mainland manufacturer this in 2026, giving Victory Giant additional access to international capital as it expands production capacity.

China’s biggest eye hospital chain to plan Hong Kong listing. (Bloomberg)

Aier Eye Hospital, China’s largest eye‑care chain, is preparing a potential Hong Kong listing and has hired an adviser to explore the offering. The deal would add Aier to the growing pipeline of mainland companies seeking to raise capital in the city.

Details, including timing and size of the share sale, are still under discussion, and no final decision has been made. Aier already trades in Shenzhen and is considering Hong Kong to broaden its investor base.

GIC-backed Greenko Energies said to weigh $1bn India IPO. (Bloomberg)

Greenko Energies, backed by GIC, is considering a Mumbai IPO that could raise up to $1bn. The renewable‑energy producer has begun early discussions with banks and may proceed as soon as 2026.

The deal would test investor appetite for Indian clean‑energy listings following a weak debut by a sector peer. Deliberations remain preliminary, and no final decision has been made.

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