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 73

Weekly M&A Metrics (January 12, 2025 - January 18, 2025)

Deal Volume: $42.4 Billion

Number of Deals: 153

M&A Advisory Fees: 250.8 Million

Top Industry: Healthcare

Top Deals

(January 13, 2025) 强生公司 to acquire Intra-Cellular Therapies for $132 per share representing a 40% premium totaling $14.6 billion.

• Centerview Partners ( Andrew Rymer , Jason Zuckerbrod , Sandy McNaughton ), and Jefferies LLC ( Chris Roop , Philip Ross ) served as financial advisor to Intra-Cellular Therapies
• Davis Polk & Wardwell LLP ( Veronica Wissel , William Curran , Jesse Solomon , Lee Hochbaum , David Bauer , Michael Davis ) served as legal advisor to Intra-Cellular Therapies
• 花旗 ( Torrey Browder , Sumit Khedekar , Chuck A. ) served as financial advisor to Johnson & Johnson
• Cravath, Swaine & Moore LLP ( Matthew Morreale , Jin Baek , Matthew Bobby, Len Teti , Andrew Davis, Ting Chen , Sasha Rosenthal-Larrea , Robert Townsend) served as legal advisor to Johnson & Johnson

(January 14, 2025) Macquarie Asset Management to acquire Applied Digital (NASDAQ: APLD) 's high performance computing data center business $5 billion.

• Simpson Thacher & Bartlett LLP ( Brian Chisling , Lori Lesser , Gabriel C. de Paula e Silva , Keegan Lopez , Toby Chun , David Rubinsky , Andrew Purcell , Lia Toback ) served as legal advisor to Macquarie Asset Management
• TD Securities , JMP Securities , 高盛 , and Needham & Company served as financial advisor to Applied Digital Corp.
• Lowenstein Sandler LLP ( Lesley Adamo , Matthew F. Cammarata , Lowell Citron , Brooke Gillar , Daniel Suckerman , Michael Walutes , Steven E. Siesser , Darren Goodman ) served as legal advisor to Applied Digital Corp.

(January 14, 2025) United Rentals Inc. to acquire H&E Rentals Equipment Services Inc. for $92 per share in cash representing 109.4% premium totaling $4.8 billion.

• 美国银行 ( Brian Henderson , Patrick Ramsey) served as financial advisor to H&E Equipment Services
• Milbank LLP ( Antonio Diaz-Albertini , Jonathon Jackson , Kelly Bartley, Manan Shah , Brett Nadritch, Ed Lemanowicz , Adam Di Vincenzo , Iliana Ongun , Derek Winokur ) served as legal advisor H&E Equipment Services
• Sullivan & Cromwell LLP ( Heather Coleman , Neal McKnight , Jameson Lloyd , Steven Holley , Mimi Wu , Mehdi Ansari , Frank Aquila ) served as legal advisor to United Rentals Inc

(January 13, 2025) 礼来 to acquire Scorpion Therapeutics 's mutant-selective PI3Kα inhibitor program STX-478 for $2.5 billion.

• 花旗 ( Sumit Khedekar , James Nicholson, Dhruv Sethi ) served as financial advisor to Eli Lilly
• Centerview Partners ( E. Eric Tokat , Melina Santoro , Sandy McNaughton , Jason Zuckerbrod ) and 摩根士丹利 served as financial advisor to Scorpion Therapeutics
• Kirkland & Ellis ( Daniel Goldschmidt , Christine Lehman , Katherine Nemeth , Stephen Jacobson , Sara Zablotney , Daniel Wolf , Allison Wein ) served as legal advisor to Scorpion Therapeutics

(January 14, 2025) Wabtec Corporation to acquire Evident Scientific 's Inspection Technologies division for $1.78 billion.

• J.P. 摩根 ( Charles Bouckaert , Ked Fisseha , Charles Dupree ) served as financial advisor to Wabtec Corp
• 众达律师事务所 ( Robert Profusek , Zach Brecheisen ) served as legal advisor to Wabtec Corp
• Ropes & Gray LLP ( Ruchit Patel , Nick Berg , Ben Morris , Saeko Inaba, Edward R. McNicholas , Tsuyoshi Imai , Jennifer Rikoski Whitney , Peter Alpert , Megan Bisk , Brendan Hanifin, Jacqueline Grise , Pamela Glazier , Adam Leamon , Bill Mone , David Kaye ) served as legal advisor to Evident Co. Ltd

(January 13, 2025) Clearwater Analytics agreed to acquire Enfusion for $11.25 per share representing 13.18% premium totaling $1.5 billion.

• 高盛 ( Peter VanDeventer , Cecilia Kam Shan Ho , Jeffrey Gido, Joe Porter ) served as financial advisor to Enfusion Inc
• Goodwin Procter LLP ( Justin Pierce , John Goheen , Deborah Birnbach , Sarah Bock, Alexander Flynn-Tabloff , Steve Charkoudian , Jacqueline Klosek , Eram Khan , Alexander Apostolopoulos, James Ding , Andrew Lacy , Gregg Katz , Joshua Zachariah ), and Dechert LLP ( Sarah Kupferman , Rick Horvath , Michael Darby , Andrew Levander, Eric Siegel , Mark Thierfelder ) served as legal advisor to Enfusion Inc
• J.P. 摩根 served as financial advisor to Clearwater Analytics
• Kirkland & Ellis ( Andrew Hurley , Ross Leff , Joseph Tootle, Jimin He , Judson Oswald , Michael Krasnovsky , Christie Mok , Anthony Ji , Sara Zablotney , Marshall Shaffer , Costa Skarvelis ) served as legal advisor to Clearwater Analytics

(January 13, 2025) ADQ to acquire the remaining 77.31% stake in Aramex PJSC for $0.81 per share representing 33% premium totaling $1.2 billion.

• Rothschild & Co ( Saeed Al Awar , Fran?ois de Breteuil , Jean-Claude Cherfane , Ken Calleja , Fran?ois Pérol ) served as financial advisor to ADQ

(January 18, 2025) H.I.G. Capital LLC offered to acquire Kantar Media Intelligences Inc. from Kantar Group Ltd. for $1 billion.

• 摩根士丹利 and ING Groep NV served as financial advisor to HIG Capital LLC
• Simpson Thacher & Bartlett LLP ( Shahpur Kabraji , Lucy Gillett , Larry Moss , Caleb McConnell , James R. Howe ) served as legal advisor to HIG Capital LLC
• Jefferies ( Craig Mineard , Erkin Yildiz, Simon Brown ) and J.P. 摩根 Securities LLC served as financial advisor to Kantar Media Intelligences

(January 13, 2024) 荷商葛蘭素史克藥廠 plc to acquire IDRx Inc. for $1 billion.

• Centerview Partners ( E. Eric Tokat , Alex Seyferth ) served as financial advisor to IDRx Inc.
• Goodwin Procter LLP ( Ai Tajima , Nathan Brodeur , Marishka DeToy , Justin Pierce , Matt Wetzel , Tucker DeVoe , Julie Tibbets , Erin Svokos , Jacqueline Klosek , Caitlin Tompkins , Daniel Karelitz, Arman Oruc , Blake Liggio , Alexandra Denniston , Alexander Flynn-Tabloff , Catherine McCarty , Robert Puopolo ) served as legal advisor to IDRx Inc.
• Leerink Partners ( Tom Davidson ) served as financial advisor to GSK plc
• Davis Polk & Wardwell LLP ( William Curran , Howard Shelanski , Jesse Solomon , Daniel Brass , Jennifer Conway , David Bauer , William Chudd ) served as legal advisor to GSK plc

(January 14, 2025) EMCOR Group, Inc. to acquire Miller Electric Company for $865 million.

• Stephens served as financial advisor to Miller Electric Co
• Driver, McAfee, Hawthorne & Diebenow, PLLC served as legal advisor to Miller Electric Co
• Evercore Inc. served as financial advsisor to Emcor Group
• Ropes & Gray LLP ( Paul Kinsella, Amanda Holt , Matthew Byron ) served as legal advisor to Emcor Group

(January 13, 2025) Kinder Morgan, Inc. , through its subsidiary Hiland Partners LP (USA) to acquire Outrigger Energy II LLC's natural gas gathering and processing system in North Dakota for $640 million.

• Bracewell LLP ( Matt Grunert , Dean Hinderliter , Amber Dodds , Heather Brown , Tony Visage, Bucky Brannen , W. Jared Berg , Tim Wilkins , Kirk Morgan , Lytch Gutmann , Jason Jean ) served as legal advisor to Hiland Partners LP
• Evercore Inc. and 花旗 served as financial advisor to Outrigger Energy II LLC
• Vinson & Elkins ( Sean Becker , Matthew Dobbins , Hill Wellford , Sarah Mitchell , Suzanne Clevenger , Shane Tucker , David Peck , Creighton Smith ) served as legal advisor to Outrigger Energy II LLC

(January 13, 2025) T-Mobile US Inc. to acquire Vistar Media Inc. for $600 million.

• Canaccord Genuity - Global Capital Markets ( Sanjay Chadda , Christopher Heasman , Andrew Cohen , Jack Chicalo ) and Global Investment Bank Limited served as financial advisor to Vistar Media
• Lowenstein Sandler LLP ( Rebecca Ryan , Zarema Jaramillo , Abe Kwon , Brian Silikovitz , Matthew Boxer , Ed Zimmerman , Meredith Beuchaw , Alex Leibowitz ) served as legal advisor to Vistar Media
• Allen & Company LLC. served as financial advisor to T-Mobile US Inc
• Cleary Gottlieb Steen & Hamilton LLP ( Alan Freedman , Meyer Fedida , Chase Kaniecki , Daniel Culley , Michael Albano , Daniel Ilan , Chris Moore ) served as legal advisor to T-Mobile US Inc