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 75

Weekly M&A Metrics (January 26, 2025 - February 1, 2025)

Deal Volume: $28.6 Billion

Number of Deals: 128

M&A Advisory Fees: $208.2 Million

Top Industry: Energy and Power

Top Deals

(January 27, 2025) 艾默生 Electric Co. to acquire a remaining 43% stake in 埃思本软件 for $265 per share representing a 3.86% premium totaling $7.2 billion.

• 花旗 ( Brian Truesdale , Dhiren Shah ) and Qatalyst Partners ( George Boutros , Jason DiLullo ) served as financial advisor to Aspen Technology
• Alston & Bird ( Stuart Rogers ) and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates ( Resa Schlossberg , Joseph Larkin , Ryne Posey , Moshe Spinowitz , Chadé Severin , Graham Robinson ) served as legal advisor to Aspen Technology
• Centerview Partners ( Gayle Turk , Nolan Scaperotti , Blair Effron ) and 高盛 ( Chris Gallea , Aimee Mungovan , Daniel Quinn , Luke G. ) served as financial advisor to Emerson Electric Co
• Davis Polk & Wardwell LLP ( John Meade , Andrew Ditchfield , Corey Goodman , Michael Mollerus , Ronan Harty , Cheryl Chan , Travis Triano , Frank Azzopardi , Phillip Mills ) served as legal advisor to Emerson Electric Co

(January 30, 2025) Viper Energy Inc. Partners LP to acquire Diamondback Energy Inc.'s certain mineral and royalty-interest owning subsidiaries for $4.45 billion.

• Evercore ( Flood, Curtis , Dan Ward , William Hiltz, Robert Pacha) served as financial advisor to Viper Energy Partners LP
• Hunton Andrews Kurth LLP ( Allison Mantor , Carl von Merz , Michael O'Leary ) served as legal advisor to Viper Energy Partners LP
• RBC Capital Markets ( Tim Perry ) served as financial advisor to Diamondback Energy Inc
• Kirkland & Ellis LLP ( Joe Tobias , R. David Wheat , Jarrod Gamble , Michael Rigdon , Camille Walker Meissner , Chris Heasley , Debbie Yee , Sean T. Wheeler ) served as legal advisor to Diamondback Energy Inc

(January 27, 2025) South Central Connecticut Regional Water Authority to acquire Aquarion Water Company from Eversource Energy for $2.4 billion.

• Barclays Investment Bank ( Jay Hawthorn , Aaron Powers ) served as financial advisor to South Central Connecticut Regional Water Authority
• Cravath, Swaine & Moore LLP ( Jonathan Katz , David Kappos , Lauren Angelilli, Craig Arcella , Noah Phillips , Matthew Kelly, Matthew Morreale , Aaron Gruber ) served as legal advisor to Central Connecticut Regional Water Authority
• 摩根士丹利 and 花旗 served as financial advisor to Eversource Energy
• Ropes & Gray LLP ( Renata Ferrari , Peter Alpert , Arek Maczka, Pamela Glazier , Marko Zatylny , Emily Karlberg (Lieberman) , Tom Fraser , David Kaye ) served as legal advisor to Eversource Energy

(January 29, 2025) 美国轮轴制造公司 Holdings Inc. to merge with Dowlais Group plc for $1.06 per share representing 25% premium totaling $1.44 billion.

• Rothschild & Co ( Ravi Gupta , Nathalie Ferretti , Nick Ivey ) and Barclays ( Guy Bomford , Neal West , Adrian B. ) served as financial advisor to Dowlais Group
• Slaughter and May ( Natalie Cook , Robert Innes ) and Cravath, Swaine & Moore LLP ( Ben J. , Ronald Creamer, Margaret T. Segall , Claudia Ricciardi , Eric Hilfers , George Schoen ) served as legal advisor to Dowlais Group
• J.P. 摩根 Securities LLC ( David Walker , Michael T. Murphy , Jonty Edwards , Robbie Constant , Ian MacAllister ) served as financial advisor to American Axle & Manufacturing Holdings Inc
• A&O Shearman ( Seth Jones , Nick Withers , Roger Morscheiser , Scott Petepiece ) served as legal advisor to American Axle & Manufacturing Holdings Inc

(January 27, 2025) Diversified Energy Company to acquire Maverick Natural Resources from EIG Global Energy Partners LLC for $1.275 billion.

• Jefferies LLC ( Brody Rollins , Conrad Gibbins , Raymond Brickey, Greg Chitty ) served as financial advisor to Maverick Natural Resources
• Kirkland & Ellis ( Emily Lichtenheld , Brittany Taylor , Michael Rigdon , Rebecca Fine , Stuart Boyd , Mark Dundon , Rebekah Kostelak , Lindsey Jaquillard, Rob Fowler , Mary Kogut , Chris Heasley , Debbie Yee , Sean T. Wheeler ) served as legal advisor to Maverick Natural Resources
• Stifel Financial Corp. , KeyBanc Capital Markets , Truist Securities , and 花旗 served as financial advisor to Diversified Energy Co
• Gibson Dunn & Crutcher LLP ( Krista Hanvey , Michael Cannon , Hillary Holmes , Rahul Vashi , Tull Florey ) and Latham & Watkins ( Richard Butterwick ) served as legal advisor to Diversified Energy Co

(January 30, 2025) Nationwide Mutual Insurance Co. to acquire Allstate 's employer stop loss segment for $1.25 billion.

• 花旗 ( Eric Brown , Ben Hickes , Kenechi I. ) served as financial advisor to Nationwide Mutual Insurance
• Squire Patton Boggs ( Mary Jo Hudson , Doug Anderson , Danielle Asaad , Molly McNally , Michele Lynn Connell ) served as legal advisor to Nationwide Mutual Insurance
• J.P. 摩根 Securities LLC ( Israel Martinez , Tripp Baldwin ) and Ardea Partners ( Frank Li , Chris Cole , Juliya Chekmarova) served as financial advisor to Allstate Corp
• Willkie Farr & Gallagher LLP ( Tyler Born , Laura Delanoy) served as legal advisor to Allstate Corp

(January 28, 2025) Zimmer Biomet Holdings Inc. to acquire Paragon 28 Inc. for $13 per share in cash representing a 11.4% premium totaling $1.1 billion.

• Piper Sandler ( J.P. Peltier , Daniel Schkrohowsky , Bart Federak ) served as financial advisor to Paragon 28 Inc
• Cravath, Swaine & Moore LLP ( Matthew Morreale , Len Teti , Margaret T. Segall , Andrew Wark , Amanda Hines-Gold, David Kappos , Minh Ngo) served as legal advisor to Paragon 28 Inc
• 高盛 ( Bering Tsang , Yassaman Salas , Caitlin Pollak ) served as financial advisor to Zimmer Biomet Holdings
• 霍金路伟 ( Falk Sch?ning , Allison Wuertz , Scott Reisch , Jasper Howard , William Regan , Scott Loughlin , Michael Heyl , Nathan Cooper , Ron Wisor , Joseph Gilligan , Gordon Wilson , Angus Coulter , Alice Wallace-Wright , Damon Lewis , George Ingham , Martha Steinman , Les Reese , Luca Picone , Lauren Battaglia , Gabrielle Witt , Meg McIntyre , John Brockland , Joseph Gilligan , Lee Berner ) served as legal advisor to Zimmer Biomet Holdings

(January 29, 2025) Welltower? Inc. (NYSE:WELL) to acquire NorthStar Healthcare Income, Inc. for $3.03 per share totaling $900 million.

• CS Capital Advisors, LLC served as financial advisor to NorthStar Healthcare Income
• Morrison Foerster ( Philip Jaworskyj , Shane Shelley , Joseph Sulzbach , Domnick Bozzetti, Alice Connaughton ) served as legal advisor to NorthStar Healthcare Income
• 霍金路伟 ( Lauren Clarke , Stacey McEvoy ) served as legal advisor to Welltower

(January 30, 2025) Serco to acquire Northrop Grumman 's mission training and satellite ground network communications software business for $327 million.

• Baird Global Investment Banking ( Jean Stack , Joey Chadwick , Nicole Coffey , John Song ) served as financial advisor to Northrop Grumman Corp
• Gibson Dunn & Crutcher LLP ( Krista Hanvey , Gina Hancock , Lindsay Paulin , Daniel Angel , Matthew Donnelly , Evan D'Amico ) served as legal advisor to Northrop Grumman Corp

(January 27, 2025) NinjaOne LLC to acquire Dropsuite Ltd. for $3.70 per share representing 34% premium totaling $252 million.

• Canaccord Genuity - Global Capital Markets served as financial advisor to Dropsuite Ltd
• Herbert Smith Freehills served as legal advisor to Dropsuite Ltd
• Goodwin Procter LLP ( Alexander Flynn-Tabloff , Simone Waterbury , Cisco Palao-Ricketts , Jacqueline Klosek , Andrew Lacy , Joshua Zachariah , Jacob Osborn , Jia Jia Huang , Jean A. Lee , David Ajalat ) and Gilbert + Tobin served as legal advisor to NinjaOne LLC

(January 29, 2025) KKR has invested a 12% stake in Henry Schein for $250 million.

• Centerview Partners ( Blair Effron , Josh Boyd ), and Evercore ( Roger Altman, Uttara P Marti , David Cahoy , Bill Anderson ) served as financial advisor to Henry Schein
• Cleary Gottlieb Steen & Hamilton LLP ( Séverine Schrameck , Lillian Tsu , Puja Patel , Kyle Harris , Paul Shim ) served as legal advisor to Henry Schein
• Kirkland & Ellis ( Dan Li , Shaun Mathew , Daniel Guerin , Edward J. Lee , Evan Johnson , Jennifer Perkins , Joshua Korff ) served as legal advisor to KKR & Co.

(January 28, 2025) Lantheus Holdings Inc. to acquire Evergreen Theragnostics for $250 million in upfront cash and up to $752.5 million in potential milestone payments.

• Centerview Partners ( E. Eric Tokat ) served as financial advisor to Evergreen Theragnostics
• Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates ( Maya Florence , Resa Schlossberg , Moshe Spinowitz , Maria Raptis , Laura Knoll , Graham Robinson ), and Lowenstein Sandler LLP served as legal advisor to Evergreen Theragnostics
• Solomon Partners ( Aryeh Sand ) served as financial advisor to Lantheus Holdings
• Ropes & Gray LLP ( Zachary Goodwin ) and Cooley LLP ( Geoffrey Spolyar , Divakar Gupta , Bill Roegge ) served as legal advisor to Lantheus Holdings

(January 27, 2025) Atlas Energy Solutions to acquire Moser Energy Systems for $220 million.

• Tudor, Pickering, Holt & Co. Securities, Inc. served as financial advisor to Moser Acquisition Inc
• Katten Muchin Rosenman LLP ( Michelle Gyves , Andrew Skowronski , Sean Wooden , Peter Bogdanow , Todd Hatcher , Ethan E. Post , Jonathan Rotenberg , Mark Wood , Mark Solomon ) served as legal advisor to Moser Acquisition
• Piper Sandler served as financial advisor to Atlas Energy Solutions
• Vinson & Elkins LLP ( Sean Becker , David D'Alessandro , Matthew Dobbins , Kara Kuritz , Mark Holmes , Randall V. Johnston , David Peck , Jamie Tabb , Thomas Zentner , Sarah Mitchell , John Decker , Ephraim (Fry) Wernick , Matt Falcone ) served as legal advisor to Atlas Energy Solutions

(January 27, 2025) Esyasoft Holding to acquire Good Energy Group plc for $6.13 per share in cash representing 24% premium totaling $124 million.

• Canaccord Genuity Group Inc. ( Henry Fitzgerald-O'Connor , Harry Rees ) served as financial advisor to Good Energy Group plc
• Norton Rose Fulbright ( Stephen Rigby ) served as legal advisor to Good Energy Group plc
• Dean Street Advisers ( Bob Morris, Henry Morgan , Graeme Atkinson) served as financial advisor to Esyasoft
• Clyde & Co ( Dr. Roshanak Bassiri Gharb , Nick Purnell ) served as legal advisor to Esyasoft