Dealytics Weekly M&A Review

Dealytics Weekly M&A Review

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Dealytics

M&A Analytics and Reporting Platform Built for Financial and Legal Advisors

发布日期: 2024年7月29日
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Welcome to the Dealytics weekly review where we list a summary of the top M&A deals, announcements, insights from the previous week.


Edition 49

Latest Dealytics Report

Just a quick reminder to check out Dealytics' latest report: Top 25 M&A Bankers for the First Half of 2024 - Click here to download the full report


M&A Fees

Financial advisory firms get paid in a M&A transaction by a target company via a fairness opinion and possibly a monthly retainer. Based on this the financial advisory firm will negotiate a M&A advisory fee, that is generally a percentage of the total deal value, awarded only if the deal closes and the retainer and fairness opinion fees will get credited toward the total fee. If the deal does not close then the M&A advisory firm walks away with just the fee for the fairness opinion and the monthly retainer that have been paid up to that point. Also, in many cases, if either party walks away from the deal there is a breakup fee that is paid to the other party. The responsible party and amount is established early when terms are being negotiated.

Due do regulatory concerns and challenges surrounding deals closing and in an effort to protect against advisory fee decline there has been a shift in how bankers are asking to be paid, mainly at the top investment banks.

  • Bankers are charging more for fairness opinions, generally between 20% and 25% of the total advisory fee up from 10% to 15% of the total advisory fees
  • Bankers are now seeking up to 25% of the breakup fee that is paid to the receiving party

Dealytics has an ever evolving advisory fee algorithm and continues to adjust it's fee algorithm, this change is reflected in our algorithms.


Top Deals

Industry: Industrials

(July 23, 2024) Robert Bosch GmbH to acquire the 60% stake in Johnson Controls–Hitachi Air Conditioning from 江森自控 International plc for $6.7 billion and remaining 40% stake from Hitachi for $1.4 billion totaling $8.1 billion.

Industry: Telecommunications

(July 24, 2024) An investor group including T-Mobile US Inc. and KKR has agreed to acquire Metronet from Oak Hill Capital Partners LP for $4.9 billion.

Industry: Educational Services

(July 25, 2024) An investor group including Dragoneer Investment Group LLC and KKR & Co. to acquire Instructure Holdings Inc. from Thoma Bravo LP for $23.60 per share in cash representing a 16% premium totaling $4.8 billion.

Industry: High Technology

(July 24, 2024) An investor group, including CD&R LLC, and Permira to acquire a 66.7% stake in Exclusive Networks SA for $26.35 per share representing a 14% premium totaling $2.4 billion.

Industry: Industrials

(July 22, 2024) Terex Corporation to acquire Dover Corporation's environmental solutions group business for $2 billion.

领英推荐

Industry: Oil and Gas

(July 25, 204) H&P Inc. to acquire KCA Deutag International Ltd. for $1.9725 billion.

Industry: Media and Entertainment

(July 24, 2024) Informa plc to acquire Ascential – Part of the Informa Group plc for $7.23 per share in cash representing a 53% premium totaling $1.55 billion.

Industry: Financial Services

(July 25, 2024) Mr. Cooper Group Inc. to acquire the mortgage servicing business of Flagstar Bank NA for $1.4 billion.

Industry: Healthcare

(July 23, 2024) Owens & Minor Inc to acquire Rotech Healthcare Inc. for $1.36 billion.

Industry: Oil and Gas

(July 21, 2024) Woodside Energy Group Ltd. to acquire Tellurian Inc. for $1.00 per share in cash representing 75% premium totaling $1.2 billion.

Industry: Paper & Forest Products

(July 22, 2024) Sofidel America Corp. to acquire Clearwater Paper Corporation 's tissue business for $1.06 billion.

Industry: Industrials

(July 23, 2024) IDEX Corporation to acquire Mott Corporation and its subsidiaries for $1 billion.

Industry: Power and Energy

(July 22, 2024) Archrock Inc. to acquire Total Operations and Production Services LLC ( Archrock - Electric Motor Drive (EMD) ) from Apollo Global Management, Inc. for $983 million.

Industry: Automobiles & Components

(July 22, 2024) The Yokohama Rubber Co., Ltd. to acquire 固特异 's off-the-road tire business for $905 million.

Dealytics Weekly M&A Review Dealytics Weekly M&A Review

Dealytics Weekly M&A Review

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