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 70

Weekly M&A Metrics (December 15, 2024 - December 21, 2024)

Deal Volume: $19.5 Billion

Number of Deals: 176

M&A Advisory Fees: $124.1 Million

Top Industry: Energy and Power

Top Deals

(December 18, 2024) TOPPAN Group to acquire the thermoformed and flexible packaging business of SONOCO consumer products Balsareny for $1.8 billion.

• Houlihan Lokey and MUFG served as financial advisor to Toppan Inc
• Davies Ward Phillips & Vineberg LLP ( Jim Dinning , Alysha Manji-Knight , Shayna Goldman ), Morrison Foerster ( Jeremy White ) served as legal advisor to Toppan Inc
• RBC Capital Markets ( Niklas Kloepfer , Joseph Meisner) and 高盛 ( Patrick Pierce ) served as financial advisor to Sonoco Products Co
• 富而德律师事务所 Bruckhaus Deringer LLP ( Lori Goodman , Kyle Lakin , Stephanie Brown Cripps , Joseph Soltis , Christine Lyon , Justin Stewart-Teitelbaum , Brock Dahl , Dawn Heath , Pamela Marcogliese , Mena Kaplan , Alice Greenwell , Zheng (Jonathan) Zhou , Damien Zoubek ) served as legal advisor to Sonoco Products Co

(December 19, 2024) SoftwareOne Holding AG to acquire the remaining 98.1% stake in Crayon for $15.23 per share representing a 36% premium totaling $1.34 billion.

• ABG Sundal Collier ASA and Houlihan Lokey Inc. served as financial advisors to Crayon Group Holding ASA
• AGP Advokater AS served as legal advisor to Crayon Group Holding ASA
• Jefferies LLC served as financial advisor to SoftwareONE Holding AG
• 富而德律师事务所 Bruckhaus Deringer LLP ( Damien Zoubek , Brian Rance , Oliver Board , Helmut Bergmann , Frank Rohling), Wikborg Rein Advokatfirma AS, and Walder Wyss Ltd. served as legal advisor to SoftwareONE Holding AG

(December 16, 2024) Berkshire Hills Bancorp and Brookline Bancorp Inc announce a merger of equals in an all stock transaction where Brookline Bancorp stock is valued at $12.68 per share and total transaction value is $1.1 billion.

• Hovde Group LLC ( Michael F Barry , William Curtiss ) served as financial advisor to Brookline Bancorp
• Goodwin Procter LLP ( Robert Kester , Robert M Hale , Sarah Bock, Samantha Kirby ) served as legal advisor to Brookline Bancorp
• Raymond James & Associates, Inc. ( Bob Hutchinson , Calvin Chau , Brian McElligott , Andrea Lanham , Andrew Stager , Doug Secord , Justin Roman ) served as financial advisor to Berkshire Hills Bancorp
• Luse Gorman, PC ( Marc Levy , Lawrence Spaccasi ) served as legal advisor to Berkshire Hills Bancorp

(December 16, 2024) ArcLight Capital Partners LLC to acquire Dcp Gcx Pipeline LLC from Phillips 66 Co. for $865 million.

• Latham & Watkins ( Justin Stolte, Warren Lilien , Katharine Moir) served as legal advisor to ArcLight Capital Partners LLC

(December 16, 2024) Virgin Music Group to acquire Downtown Music Holdings for $775 million.

• 高盛 served as financial advisor to Downtown Music Holdings
• Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates ( Glen Mastroberte , David Eisman, Howard Ellin ) served as legal advisor to Downtown Music Holdings
• Kirkland & Ellis ( Shellie Freedman , Seth Traxler , Sara Zablotney , Jimin He , Peter Martelli) and 富而德律师事务所 Bruckhaus Deringer LLP served as legal advisor to Virgin Music Group

(December 20, 2024) CCC Intelligent Solutions Holdings Inc. to acquire EvolutionIQ for $730 million.

• Lowenstein Sandler LLP ( James O'Grady , Brian Silikovitz , Alex Leibowitz , Anthony Pergola ) served as legal advisor to EvolutionIQ Inc
• 摩根大通 and 花旗 served as financial advisor to CCC Intelligent Solutions Holdings
• Kirkland & Ellis ( Ross Leff , Douglas Ryder , Y. Michael Chung , Will Boothby ) served as legal advisor to CCC Intelligent Solutions Holdings

(December 19, 2024) Tripadvisor to acquire Liberty TripAdvisor Holdings for $435 million.

• 花旗 served as financial advisor to Liberty Tripadvisor Holdings
• Simpson Thacher & Bartlett LLP ( Andrew Purcell , Adam M. Cromie , Anthony Vernace ), Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates ( Thomas Wood , David Rievman ), 美迈斯 ( Noah Kornblith , Brophy Christensen ) served as legal advisor to Liberty Tripadvisor Holdings
• Centerview Partners ( Blair Effron , Terence Battle , Josh Boyd , Michael Dabney ) served as financial advisor to Tripadvisor
• Goodwin Procter LLP ( Michael Minahan , Lisa Haddad ), Weil, Gotshal & Manges LLP ( Matthew Gilroy , Michael J. Aiello ) served as legal advisor to Tripadvisor

(December 18, 2024) Vireo Growth Partners to acquire Proper Brands which includes brands like Deep Roots Medical LLC and WholesomeCo Cannabis for $397 million.

• Lineage Merchant Partners served as financial advisor to Proper Brands
• Cassels Brock & Blackwell LLP ( Jacob Cawker , Jonathan Sherman ) served as legal advisor to Proper Brands
• Moelis & Company served as financial advisor to Vireo Growth Inc
• Dorsey & Whitney LLP served as legal advisor to Vireo Growth Inc

(December 17, 2024) General Atlantic LLC invested $365 million in Hostaway Oy.

• William Blair ( Pedrum Partovi , Akash Patel ) and Cambon Partners ( Morgann Lesné , Gabriel Giscard d'Estaing ) served as financial advisor to Hostaway Oy
• Avance Attorneys ( Sebastian Kellas , Anders Floman ) served as legal advisor to Hostaway Oy
• Paul, Weiss, Rifkind, Wharton & Garrison LLP (Matthew Abbott, Cullen Sinclair , Rohan Dey , William Aitken-Davies) served as legal advisor to General Atlantic

(December 17, 2024) Northwest Bancshares Inc to acquire Penns Woods Bancorp, Inc. for $270.4 million.

• Stephens ( Frank Sorrentino IV, CFA ) served as financial advisor to Penns Woods Bancorp Inc
• Stevens & Lee PC served as legal advisor to Penns Woods Bancorp Inc
• Janney Montgomery Scott LLC served as financial advisor to Northwest Bancshares Inc.
• Dinsmore & Shohl LLP served as legal advisor to Northwest Bancshares Inc.

(December 16, 2024) Blackstone Inc. to invest $262.53 million in a minority stake position in Sia .

• J.P. 摩根 served financial advisor to Sia Partners
• A&O Shearman ( Thomas Roy , Romy Richter , Charles del Valle , Romain Dambre , Olivier Thébault ) served as legal advisor to Sia Partners
• 富而德律师事务所 Bruckhaus Deringer LLP served as legal advisor to Blackstone Inc

(December 20, 2024) Cable ONE Inc. to acquire remining 55% stake in Mega Broadband Investments LLC from GTCR LLC for $250 million.

• Kirkland & Ellis ( Edward Brennan , Emily Hogan , Thomas Dobleman , Christopher Thomas , Mark Fennell ) served as legal advisor to Mega Broadband Investments
• Centerview Partners ( Todd Davison , Edward Katz, CFA , Kenneth Berliner ) served as financial advisor to Cable One Inc
• Cravath, Swaine & Moore LLP ( Lauren Angelilli, Matthew Ploszek, Eric Hilfers , Joe Zavaglia ) served as legal advisor to Cable One Inc

(December 16, 2024) Vitesse Energy, LLC to acquire Lucero Energy Corp. in an all stock deal with an implied value per share of $0.34 totaling $222 million.

• Peters & Co. Limited and RBC Capital Markets served as financial advisor to Lucero Energy Corp
• Burnet, Duckworth & Palmer LLP and Davis Graham & Stubbs LLP served as legal advisor to Lucero Energy Corp
• Evercore and Jefferies served as financial advisor to Vitesse Energy
• Blake, Cassels & Graydon LLP and Baker Botts served as legal advisor to Vitesse Energy

(December 18, 2024) Gentex Corporation to acquire VOXX International Corporation for $7.50 per share in cash representing a 163% premium totaling $196 million.

• Solomon Partners ( Richard S. Brail , Ben Zinder ) served a financial advisor to VOXX International Corp
• BCLP Bryan Cave Leighton Paisner LLP ( Aaron Lang , Kenneth Henderson ) and Stopol & Camelo LLP served as legal advisor to VOXX International Corp
• 众达律师事务所 ( Tricia Eschbach-Hall , Ashley Lykins Gullett , Benjamin Stulberg ) served as legal advisor to VOXX International Corp

(December 16, 2024) Arctic Wolf Networks Inc. to acquire Cylance Inc. from 黑莓 for $160 million.

• Cooley LLP ( Anne Lieberman ) served as legal advisor to Arctic Wolf Networks
• Perella Weinberg served as financial advisor to Blackberry
• Morrison Foerster ( Tessa Schwartz , Chere See , Erik Knudsen ) served as legal advisor to Blackberry