M&A Industry News

A collection of M&A latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

techcrunch.com - Kirsten Korosec - Joby Aviation takes flight into the public markets via a SPAC merger
Joby Aviation takes flight into the public markets via a SPAC merger
TechCrunch

Joby Aviation, a startup that has spent a more than a decade developing an all-electric, vertical take-off and landing passenger aircraft, will become a public company through a merger with Reinvent Technology Partners, a special purpose…

bostonglobe.com - Alexa Gagosz - 5 things patients should know about the Lifespan-Care New England hospital merger
5 things patients should know about the Lifespan-Care New England hospital merger
BostonGlobe.com

PROVIDENCE — Two health care systems own 80 percent of the hospital beds in Rhode Island. They've endured similar financial pressures and duplicated some care. And now, they are looking to merge to become a single integrated health system…

forbes.com - Jeremy Bogaisky - Air Taxi Startup Joby To Go Public In Merger With SPAC From LinkedIn, Zynga Founders That Will Raise $1.6 Billion
Air Taxi Startup Joby To Go Public In Merger With SPAC From LinkedIn, Zynga Founders That Will Raise $1.6 Billion
Forbes

Ordinary investors will soon have multiple ways to get a lift from the companies trying to build a future in which radical new aircraft replace cars for getting around town. The California startup Joby Aviation, one of the leaders in the race to…

venturebeat.com - Dean Takahashi - Quantum Tech Partners: Esports companies raised $2 billion in 2020, up 116%
Quantum Tech Partners: Esports companies raised $2 billion in 2020, up 116%
VentureBeat

Esports companies raised $2 billion in 2020 across 200 transactions in 2020, up 116% in value from $957 million in 123 deals in 2019, according to mergers and acquisitions advisory firm Quantum Tech Partners. Mergers and acquisitions also rose…

zdnet.com - Steven J. Vaughan-Nichols - Red Hat closes StackRox Kubernetes security acquisition
Red Hat closes StackRox Kubernetes security acquisition
ZDNet

In terms of money, Red Hat buying StackRox probably isn't that big a deal. Sources say it was just above $100 million. Big money to you and me, but peanuts for big tech companies. But, when it comes to securing Kubernetes, this is an enormous deal…

wsj.com - Jennifer Smith - WSJ News Exclusive | Warehouse Robotics Provider Berkshire Grey to Go Public Through SPAC Deal
WSJ News Exclusive | Warehouse Robotics Provider Berkshire Grey to Go Public Through SPAC Deal
Wall Street Journal

Logistics automation provider Berkshire Grey Inc. is planning to go public through a merger with special-purpose acquisition company Revolution Acceleration Acquisition Corp. that would value the robotics company at $2.7 billion. The deal, the…

ft.com - Peter Campbell in London - Volvo Cars and Geely scrap merger plans
Volvo Cars and Geely scrap merger plans
Financial Times

Volvo Cars and Geely Auto have scrapped plans to merge and will instead share electric vehicle technology and combine their procurement operations in a push to drive savings across the two companies. The two businesses, both owned by the Geely…

reuters.com - Reuters Editorial - Geely Auto and Volvo Cars to launch powertrain venture after merger scrapped
Geely Auto and Volvo Cars to launch powertrain venture after merger scrapped
Reuters

BEIJING (Reuters) - China's Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles, the companies said. A year…

cnbc.com - Michael Wayland - Shares of SPAC for electric car company Lucid plummet another 20% after merger announcement
Shares of SPAC for electric car company Lucid plummet another 20% after merger announcement
CNBC

Published Wed, Feb 24 2021 3:50 PM EST Shares of Churchill Capital IV continued to plummet for a second consecutive day after announcing a deal Monday night to bring EV firm Lucid public through a reverse merger. Shares were down as much as 19.6%…

reuters.com - Reuters Editorial - Goldman Sachs-backed ReNew Power to go public via $8-bln SPAC deal
Goldman Sachs-backed ReNew Power to go public via $8-bln SPAC deal
Reuters

(Reuters) - India's largest renewable energy firm ReNew Power on Wednesday agreed to go public through a merger with blank-check firm RMG Acquisition Corporation II, in a deal that values the merged entity at roughly $8 billion. The deal will be…

ft.com - Stephanie Findlay in New Delhi - One of India's biggest renewable energy groups joins Spac craze
One of India's biggest renewable energy groups joins Spac craze
Financial Times

ReNew Power, one of India's largest renewable energy groups, plans to go public in New York through an $8bn deal with a blank cheque company, as Wall Street's Spac craze reaches one of Asia's biggest economies. The energy company, which counts…

ft.com - Richard Milne, Nordic and Baltic Correspondent - H&M experiments as it refashions stores after the pandemic
H&M experiments as it refashions stores after the pandemic
Financial Times

The Hennes & Mauritz flagship store on Stockholm's main square is trying to break the mould. A woman sewing a patch on to trousers, party dresses for hire, a beauty salon and a personal shopping service is not standard fare for most fast-fashion…

theglobeandmail.com - James Bradshaw - RBC profit tops analysts' forecasts as capital markets earnings surge, loan-loss provisions drop
RBC profit tops analysts' forecasts as capital markets earnings surge, loan-loss provisions drop
The Globe and Mail

Royal Bank of Canada's first-quarter profit increased by 10 per cent as earnings from capital markets surged and the bank set aside less money to absorb potential losses on loans. The country's largest bank reported just $110-million in provisions…

livemint.com - Utpal Bhaskar - ReNew to announce merger with RMG Acquisition at $3.7-bn pre-money valuation
ReNew to announce merger with RMG Acquisition at $3.7-bn pre-money valuation
mint

Goldman Sachs backed ReNew Power Ventures Pvt. Ltd is set to shortly announce its merger with RMG Acquisition owned by Nasdaq-listed SPAC Riverside Capital Management at a pre money valuation of $3.7 billion, said two people aware of the…

americanbanker.com - Jon Prior - Regions not interested in bank M&A, CEO says
Regions not interested in bank M&A, CEO says
American Banker

Regions Financial is actively pursuing acquisitions, executives said Wednesday — just not the splashy kinds of bank deals that some of its rivals have announced lately. The $147.3 billion-asset company in Birmingham, Ala., has preferred a…

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