Dealytics Weekly M&A Review

Welcome to the Dealytics weekly review where we list a summary of the top M&A deals, announcements, insights from the last week.

Edition 22

Just a reminder to check out our Top 50 M&A Bankers for Full Year 2023 Report linked here: Top 50 M&A Bankers for Full Year 2023

Top Deals

(January 18, 2024) Sekisui House, Ltd. to acquire MDC Holdings Inc. for $63.00 a share in cash totaling a deal value of $4.9 billion.

• Vestra Advisors LLC ( Richard Moriarty ) served as financial advisors to MDC Holdings
• Brownstein Hyatt Farber Schreck ( Evan Leitch , Adam J. Agron ) and Paul, Weiss, Rifkind, Wharton & Garrison LLP ( Michael Vogel , Robert Schumer) served as legal advisors to MDC Holdings
• Moelis & Company ( Robert Crowley , Anton Sahazizian , Moritz Franz ), and Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. served as financial advisors to Sekisui House Ltd
• Morrison Foerster LLP ( Yuhki Asano, Yemi Tépé , Eric Min , Josh Isenberg , Nozomi Oda, Joseph Sulzbach , Randy Laxer ) served as legal advisor to Sekisui House Ltd

(January 18, 2024) Blackstone Inc. to acquire Tricon Residential Inc. for $11.25 per share in cash totaling a a deal value of $3.07 billion.

• 摩根士丹利 ( Seth Weintrob , Sean Gormley , Russ Lindberg ), Bank of Nova Scotia ( Justin Bosa ), RBC Capital Markets served as financial advisors to Tricon Residential
• Goodmans LLP ( Michael Koch , Tara Hunt , Matthew Prager , Jon Northup , Michael Royal , Jon Feldman , John Connon), Osler, Hoskin & Harcourt LLP ( Shuli Rodal , David Davachi , Firoz Ahmed, Alex Gorka , Doug Marshall ), and Paul, Weiss, Rifkind, Wharton & Garrison LLP ( Brian Lavin , Matthew Abbott) served as legal advisors to Tricon Residential
• 美国银行 , 德意志银行 Securities Inc, J.P. 摩根 Securities LLC, and Wells Fargo Advisors LLC served as financial advisors to Blackstone
• Davies Ward Phillips & Vineberg LLP ( Kevin Greenspoon , Vince Mercier ), and Simpson Thacher & Bartlett LLP ( Peter Vassilev , Erik Quarfordt, Andrew Blau , Ryan Brizek , Nancy Mehlman, Caroline W. Phillips , Matt Rogers , Brian Stadler, Davis Coen ) served as legal advisors to Blackstone

(January 19, 2024) Arcline Investment Management LP to acquire Kaman Corporation for $46.00 per share in cash totaling a deal value of $1.8 billion.

• JPMorgan Securities LLC ( Rodney Miller, Ked Fisseha , Dan Schafer) served as financial advisor to Kaman Corp
• Wiggin and Dana LLP ( Mark Kaduboski , Heather Dominguez Rahilly ), and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates ( Erica Schohn , David Wales , Michael Leiter , Tracey Chenoweth , Marc Gerber , Max Mayer-Cesiano ) served as legal advisor to Kaman Corp
• Morgan Stanley served as financial advisor to Arcline Investment Management
• Latham & Watkins LLP ( Michelle Ontiveros Gross , James Barrett , Katherine Moir , Navneeta Rekhi , Benjamin Rosemergy , Josh Dubofsky ) and 普衡律师事务所 LP ( Holly Snow ) served as legal advisors to Arcline Investment Management

(January 15, 2024) Talos Energy Inc. to acquire QuarterNorth Energy LLC for $1.29 billion.

• Barclays ( Andrew Steinau , Ivor Kristiansen , Grant Porter ) served as financial advisor to QuarterNorth Energy LLC
• Holland & Knight LLP ( Neely Munnerlyn , Tony Campiti , James Noe , Ashley T. K. Phillips , John Dierking , Roger Aksamit , Paul Hogan , Tim Samson ) served as legal advisor to QuarterNorth Energy LLC
• Intrepid Financial Partners , Greenhill & Co. , JPMorgan Securities LLC, PJT Partners Inc. served as financial advisors to Talos Energy
• Akin Gump Strauss Hauer & Feld LLP ( Alison Chen , Stephen Boone , John Goodgame ) served as legal advisor to Talos Energy

(January 16, 2024) Restaurant Brands International Inc. to acquire Carrols Corporation , which operates 1,022 Burger Kings and over 60 Popeyes, for $9.55 per share in cash representing a 13.4% premium totaling a deal value of $1 billion.

• Jefferies ( Ryan Mash , John Walsh , John Tibe , John Huwiler, Chris Roop ) served as financial advisor to Carrols Restaurant Group
• Milbank LLP ( Kelly Bartley milbank, Antonio Diaz-Albertini , Adam Di Vincenzo , Ed Lemanowicz , Iliana Ongun , Scott Golenbock , Manan Shah , Derek Winokur ) served as legal advisor to Carrols Restaurant Group
• JPMorgan Chase & Co. served as financial advisor to Restaurant Brands International
• Sidley Austin LLP ( Kristen Smith , Nicholas Schwartz ), and Paul, Weiss, Rifkind, Wharton & Garrison LLP ( Scott Barshay, Laura Turano ) served as legal advisors to Restaurant Brands International

(January 19, 2024) French shipping giant, 美商宏鹰国际货运 SA, a subsidiary of CMA CGM Group, to acquire Wincanton plc for $719 million.

• 汇丰 Holdings plc ( Anthony Parsons , Adam Miller , Charles-Antoine de Chatillon , Christopher Fincken ), and Deutsche Numis ( Mark Lander , George Price CFA , Stuart Ord ) served as financial advisor to CEVA Logistics
• Herbert Smith Freehills LLP served as legal advisor to CEVA Logistics
• Morgan Stanley ( Adrian Doyle , Stuart Wright , Louis Petracco ) served as financial advisor to Wincanton plc
• Willkie Farr & Gallagher LLP ( Rahul Saha , Gabriel Flandin , Faustine VIALA , Gavin Gordon ) served as legal advisor to Wincanton plc

(January 16, 2024) Compass Diversified (NYSE: CODI) Holdings Inc. to acquire The Honey Pot Company LLC for $380 million

• Perella Weinberg ( Anthony Giuliano , Cem Koray ) served as financial advisor to Honey Pot Co
• Gibson Dunn & Crutcher LLP ( Pamela Lawrence Endreny , Michael Collins , Daniel Angel , Saee Muzumdar ), Winston & Strawn LLP ( Alessandra Swanson , Becky Troutman , Eleni Kouimelis , Neely Agin , Angela Russo , Brendan P. Mace , Maria Fufidio Kenny , Eva Davis ), and Di Salvo Howard PLLC ( Joseph Di Salvo ) served as legal advisor to Honey Pot Co
• William Blair & Co. LLC served as financial advisor to Compass Diversified Holdings
• Ropes & Gray LLP ( Howard Glazer , Erica Han , Edward R. McNicholas , Jennifer Romig , Rocky C. Tsai , Kellie Branson Combs , Gregory L. Demers , Minh-Chau Le, Tristan Evans-Wilent , Benjamin Rogers , Gabrielle DiBernardi , Kyle Higley , Brandon Howald , David Kaye ) served as legal advisor to Compass Diversified Holdings

(January 17, 2024) Sun Pharmaceuticals Industries Ltd. to acquire Taro Pharmaceutical Industries Ltd. for $43.00 per share representing a 48% premium totaling a deal value of $320 million.

• Bank of America Corp ( John Arbuckle ) served as financial advisor to Taro Pharmaceutical Industries
• Shearman & Sterling LLP ( George Karafotias , Richard Alsop ), Goldfarb Gross Seligman & Co. ( Adam M. Klein ), Skadden, Arps, Slate, Meagher & Flom LLP ( Yossi Vebman , Max Mayer-Cesiano ), and Meitar | Law Offices served as legal advisor to Taro Pharmaceutical Industries
• Herzog, Fox & Neeman ( Nir Dash , Niv Sivan ), and Davis Polk & Wardwell LLP ( Veronica Wissel , William Curran , Michael Davis ) served as legal advisors to Sun Pharmaceutical Industries

(January 19, 2024) Custodian Property Income REIT plc to acquire Aberdeen Property Income Trust Ltd. for $300.6 million.

• Lazard Ltd. ( Patrick Long, Jolyon de Stacpoole Coates) served as financial advisor to abrdn Property Income Trust
• Addleshaw Goddard LLP served as legal advisor to abrdn Property Income Trust
• Deutsche Numis ( Nathan Brown , Alexander Kladov , Stuart Ord , George Shiel ) served as financial advisor to Custodian REIT
• Stephenson Harwood LLP served as legal advisor to Custodian REIT

(January 16, 2024) A consortium on investors including Castle Creek Capital LLC and FirstSun Capital Bancorp. to acquire HomeStreet Bank Inc. for $277 million.

• KBW Inc. served as financial advisor to HomeStreet
• Sullivan & Cromwell LLP ( Heather Coleman , S. Eric Wang , Mitchell Eitel , Mehdi Ansari , H. Rodgin Cohen sull) served as legal advisor to HomeStreet
• Stephens Inc served as financial advisor to the investor group
• Sidley Austin LLP ( Michael Lewis , Vijay Sekhon ), and Nelson Mullins Riley & Scarborough served as legal advisors to the investor group