Updated August 23, 2026 · through Special Situations Digest #29 (Aug 23, 2026) · 30 this week
A running index of going-private transactions covered in the Special Situations Digest: recent take-private deals, leveraged buyouts, and merger agreements that would convert public companies into private entities, with each item linked to the underlying filing. Below: the 100 most recent situations spanning 15 countries. Earlier coverage includes 391+ additional situations from prior issues.
Going-private deals are among the most studied event-driven situations: a clear price floor (the announced offer), a defined timeline (shareholder vote, regulatory approval), and a measurable spread to closing. Activist campaigns, strategic reviews, and competing bidders frequently lift the eventual closing price above the announced offer, while regulatory or financing risks can break the deal.
The full weekly digest covers 500 to 700 situations across 25+ markets every Sunday (608 in Digest #29), with Excel/PDF/JSON exports, Copy-for-LLM and a searchable database of 9,500+ situations. Subscribe for full access.
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United States 39 situations
Simulations Plus, Inc. SLP (US) · $18.40 · MCAP $372M · EV $323M
SP Evolution HoldCo II, LLC is taking Simulations Plus, Inc. (SLP) private via a merger agreement dated June 15, 2026.
Featured in Issue #29 · Aug 23, 2026
Workday, Inc. WDAY (US) · $200.01 · MCAP $49.4B · EV $48.8B
Silver Lake is in talks to acquire Workday for up to $43 billion, which would rank among the largest-ever software buyouts.
Featured in Issue #29 · Aug 23, 2026
Pilgrim's Pride Corp. PPC (US) · $31.96 · MCAP $7.4B · EV $10.2B
JBS made an unsolicited offer to buy out the remaining 18% of independent shares in Pilgrim's Pride Corp. (PPC) to take the company private.
Featured in Issue #29 · Aug 23, 2026
Weave Communications, Inc. WEAV (US) · $7.29 · MCAP $583M · EV $556M
Willow Parent will take Weave Communications, Inc. (WEAV) private in an all-cash merger valued at $7.40 per share.
Featured in Issue #29 · Aug 23, 2026
Integer Holdings Corporation ITGR (US) · $125.20 · MCAP $4.3B · EV $5.6B
KKR is taking Integer Holdings Corporation (ITGR) private via a merger agreement.
Featured in Issue #29 · Aug 23, 2026
Bowhead Specialty Holdings Inc. BOW (US) · $33.45 · MCAP $1.1B
American Family Mutual Insurance Company, S.I. is taking Bowhead Specialty Holdings Inc. (BOW) private in an all-cash transaction valuing the company at approximately $1.2 billion.
Featured in Issue #29 · Aug 23, 2026
ReNew Energy Global Plc RNW (US) · $6.82 · MCAP $2.5B · EV $10.6B
Proposed take-private offers Non-Consortium Shareholders US$7.02 per share in cash or a rollover option.
Featured in Issue #29 · Aug 23, 2026
Zoned Properties, Inc. ZDPY (US) · $0.42 · MCAP $6M · EV $13M
Zoned Properties (ZDPY) warned of substantial doubt about its ability to continue as a going concern.
Featured in Issue #28 · Aug 16, 2026
MGM Resorts International MGM (US) · $44.10 · MCAP $11.1B · EV $39.4B
People Incorporated proposed a cash take-private bid for MGM Resorts International (MGM) at US$48.30 per share.
Featured in Issue #28 · Aug 16, 2026
CASI Pharmaceuticals, Inc. CASIF (US) · $0.15 · MCAP $3M
Dr. Wei-Wu He, Executive Chairman and Principal Executive Officer, has made a going-private proposal for CASI Pharmaceuticals, Inc. (CASIF).
Featured in Issue #28 · Aug 16, 2026
Accelerant Holdings ARX (US) · $19.58 · MCAP $4.3B
Accelerant Holdings entered into a definitive agreement for a take-private merger with Cherry Tree BidCo and Cherry Tree Merger Sub, affiliates of Thoma Bravo Discover Fund V.
Featured in Issue #28 · Aug 16, 2026
Workday Inc. WDAY (US) · $198.68 · MCAP $49.1B · EV $48.5B
Silver Lake is reportedly exploring a take-private buyout of Workday, Inc. (WDAY).
Featured in Issue #28 · Aug 16, 2026
Wendy's WEN (US) · $8.64 · MCAP $1.6B · EV $5.4B
Wendy's stock jumped 14% on Wednesday on the report.
Featured in Issue #28 · Aug 16, 2026
ReNew Energy Global plc RNW (US) · $6.81 · MCAP $2.5B · EV $10.6B
ReNew Energy Global (RNW) is being acquired via a scheme of arrangement for $7.02 per share in cash.
Featured in Issue #28 · Aug 16, 2026
Caesars Entertainment CZR (US) · $29.75 · MCAP $6.1B
Carl Icahn offered to acquire Caesars Entertainment (CZR) for $34 per share.
Featured in Issue #28 · Aug 16, 2026
DoubleDown Interactive Co., Ltd. DDI (US) · $12.92 · MCAP $640M
DoubleDown Interactive reported Q2 2026 revenue of $94.3 million and profit of $32.9 million.
Featured in Issue #28 · Aug 16, 2026
Bowman Consulting Group Ltd. BWMN (US) · $42.30 · MCAP $733M · EV $1.0B
Bernhard Capital Partners is acquiring Bowman Consulting Group Ltd. (BWMN) for $43.00 per share in cash, valuing the transaction at approximately $1.0 billion and representing a 58% premium to Bowman's unaffected August…
Featured in Issue #28 · Aug 16, 2026
Penske Automotive Group, Inc. PAG (US) · $219.85 · MCAP $14.4B · EV $23.8B
Special Committee retained Moelis & Company LLC as independent financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP as independent legal counsel.
Featured in Issue #28 · Aug 16, 2026
MarineMax, Inc. HZO (US) · $52.02 · MCAP $1.1B · EV $2.1B
MarineMax agreed to be acquired by SHM Holdco, LLC, an affiliate of Safe Harbor Marinas and Blackstone Infrastructure, under a definitive Agreement and Plan of Merger.
Featured in Issue #28 · Aug 16, 2026
Ardagh Metal Packaging SA AMBP (US) · $5.23 · MCAP $3.1B · EV $7.3B
Ardagh Holdings S.A. is exploring a potential sale of Ardagh Metal Packaging S.A. (AMBP) that may include acquiring the remaining public shares.
Featured in Issue #28 · Aug 16, 2026
RYTHM, Inc. RYM (US) · $20.80 · MCAP $45M · EV $84M
RYTHM, Inc. entered into an amendment agreement with RSLGH, LLC and Vision Management Services, LLC. The amendment removes all beneficial ownership limitations on RSLGH's secured convertible notes, pre-funded warrants…
Featured in Issue #28 · Aug 16, 2026
DoubleVerify Holdings, Inc. DV (US) · $11.71 · MCAP $1.8B · EV $1.7B
Fwd P/E: 10.4x · Fwd EV/EBITDA: 5.9x · Fwd EV/Sales: 2.0x · LTM EV/Sales: 2.2x · LTM EV/GP: 2.7x
DoubleVerify Holdings, Inc. provides media effectiveness platforms in the United States. The company offers DV Authentic Ad, a metric of digital media quality, which evaluates the existence of fraud, brand suitability, viewability and geography for each digital ad.
DoubleVerify entered into a definitive merger agreement with Neptune BidCo US Inc. on August 6, 2026. Merger Sub will merge into DoubleVerify; each outstanding share converts to $13.60 in cash. The merger, subject to regulatory approvals and customary conditions. Company termination fee is $60.0 million. Parent termination fee is $144.0 million (or $175.0 million in certain circumstances).
Featured in Issue #27 · Aug 9, 2026
ReNew Energy Global plc RNW (US) · $6.17 · MCAP $2.2B · EV $10.3B
Fwd P/E: 21.6x · Fwd EV/EBITDA: 9.8x · Fwd EV/GP: 8.8x · LTM EV/Sales: 7.3x · LTM EV/GP: 8.4x
ReNew Energy Global Plc, together with its subsidiaries, engages in the generation of power through non-conventional and renewable energy sources in India. The company develops and owns utility scale wind and solar energy projects, corporate wind and solar energy projects.
The consortium reaffirmed its best-and-final non-binding cash proposal of $7.02 per share on August 6, 2026 for ReNew shares not already owned by consortium members or their affiliates, subject to the rollover provisions. It confirmed that its bringdown due diligence is complete and that it does not intend to sell its existing stake to a third party. CPPIB beneficially owns 88,846,844 shares, representing approximately 34.4% of voting rights.
Featured in Issue #27 · Aug 9, 2026
Array Digital Infrastructure, Inc. AD (US) · $35.24 · MCAP $3.0B · EV $3.8B
Fwd P/E: 43.5x · Fwd EV/EBITDA: 18.7x · Fwd EV/GP: 30.7x · LTM EV/Sales: 17.9x · LTM EV/GP: 30.7x
Array Digital Infrastructure, Inc. owns and operates shared wireless communications infrastructure in the United States. In addition, the company offers ancillary services.
On May 7, 2026, TDS delivered a non-binding proposal to acquire all outstanding Array Common Shares not owned by TDS. A special committee of independent and disinterested directors has been formed to evaluate the TDS proposal.
Featured in Issue #27 · Aug 9, 2026
Lantheus Holdings, Inc. LNTH (US) · $100.95 · MCAP $6.6B · EV $6.6B
Fwd P/E: 18.1x · Fwd EV/EBITDA: 12.1x · Fwd EV/Sales: 4.4x · LTM EV/Sales: 4.3x · LTM EV/GP: 7.1x
Lantheus Holdings, Inc. develops, manufactures, and commercializes diagnostic and therapeutic products that assist clinicians in diagnosis and treatment of heart, cancer, and other diseases worldwide. The company offers DEFINITY, an injectable ultrasound enhancing agent used in echocardiography exams.
Lantheus entered into a definitive Agreement and Plan of Merger with Curium US Holdings LLC and Coco Merger Sub Inc. on August 3, 2026.
Featured in Issue #27 · Aug 9, 2026
Brighthouse Financial, Inc. BHF (US) · $60.80 · MCAP $3.5B
Fwd P/E: 2.9x
Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. The company operates through Annuities, Life, and Run-off segments.
Stockholder approval was obtained. HSR, FINRA, and CFIUS clearances have been received. Closing remains subject to insurance regulatory approvals in Delaware, New York, and Massachusetts; all other conditions have been satisfied or waived. If the merger has not closed by September 6, 2026, the Merger Agreement is automatically extended to December 6, 2026.
Featured in Issue #27 · Aug 9, 2026
Mobile Infrastructure Corporation BEEP (US) · $2.48 · MCAP $102M · EV $311M
Fwd P/E: NM · Fwd EV/EBITDA: 20.2x · Fwd EV/Sales: 8.4x · LTM EV/Sales: 9.0x · LTM EV/GP: 14.9x
Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets throughout the United States.
Bombe Asset Management, owned and controlled by Executive Chairman Manuel Chavez III and President/CEO Stephanie Hogue, submitted a preliminary, non-binding proposal to acquire 100% of Mobile Infrastructure's outstanding common stock. The board formed a special committee of independent directors to evaluate the proposed transaction and other strategic alternatives. No transaction terms or pricing were disclosed; the proposal is preliminary and non-binding with no assurance of a definitive agreement. A copy of the proposal letter was filed as an exhibit to a Schedule 13D on August 4, 2026.
Featured in Issue #27 · Aug 9, 2026
AstroNova, Inc. ALOT (US) · $28.94 · MCAP $224M · EV $258M
Fwd P/E: NM · Fwd EV/EBITDA: 30.5x · Fwd EV/Sales: 2.1x · LTM EV/Sales: 1.7x · LTM EV/GP: 5.0x
AstroNova, Inc. designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Canada, Asia, Central and South America, and internationally. The company offers color label tabletop printers and light commercial label printers.
AstroNova entered a definitive merger agreement on June 16, 2026 with affiliates of Arcline Investment Management LP. The HSR Act waiting period expired at 11:59 p.m. ET on July 31, 2026, satisfying the antitrust condition. A definitive proxy statement was filed July 31, 2026 for a special shareholder meeting to vote on the merger. Completion remains subject to shareholder approval and other customary conditions. The definitive proxy statement for the shareholder vote on the merger was filed with the SEC on July 31, 2026.
Featured in Issue #27 · Aug 9, 2026
Distribution Solutions Group, Inc. DSGR (US) · $34.88 · MCAP $1.6B · EV $2.4B
Fwd P/E: 21.3x · Fwd EV/EBITDA: 12.2x · Fwd EV/Sales: 1.1x · LTM EV/Sales: 1.2x · LTM EV/GP: 3.6x
Distribution Solutions Group, Inc., a specialty distribution company, provides value-added distribution solutions to the maintenance, repair and operations (MRO), original equipment manufacturer, and industrial technology markets.
Distribution Solutions Group entered into a definitive Merger Agreement on July 15, 2026, with affiliates of LKCM Headwater Investments and CEO J. Bryan King. A reverse termination fee of approximately $22.2 million is payable by the buyer group under certain breach or failure-to-close scenarios.
Featured in Issue #27 · Aug 9, 2026
Clear Channel Outdoor Holdings, Inc. CCO (US) · $2.42 · MCAP $1.2B
Clear Channel Outdoor Holdings, Inc. is an outdoor advertising company.
Clear Channel Outdoor entered into a Merger Agreement to be acquired by an investor consortium advised by Mubadala Capital. On August 4, 2026, the Company completed the sale of its business in Spain.
Featured in Issue #27 · Aug 9, 2026
Integer Holdings ITGR (US) · $125.27 · MCAP $4.3B · EV $5.6B
Fwd P/E: 18.6x · Fwd EV/EBITDA: 13.5x · Fwd EV/Sales: 3.0x · LTM EV/Sales: 3.0x · LTM EV/GP: 11.7x
Integer Holdings Corporation operates as a medical device contract development and manufacturing company in the United States, Costa Rica, Puerto Rico, Ireland, and internationally.
Integer Holdings agreed to be acquired by KKR in an all-cash transaction with an enterprise value of about $5.7 billion. Integer shareholders will receive $127 per share in cash, a 51.8% premium to the April 29 closing price before the strategic review announcement. The board unanimously approved the transaction and recommended shareholder approval; the deal is expected to close by the end of 2026. KKR plans to fund the acquisition through a combination of equity from investment funds and committed debt financing, with no financing contingency.
Featured in Issue #27 · Aug 9, 2026
Bowhead Specialty Holdings BOW (US) · $33.45 · MCAP $1.1B
Fwd P/E: 15.3x
Bowhead Specialty Holdings Inc. provides commercial specialty property and casualty insurance products in the United States. In addition, it offers Baleen Specialty, a technology-powered underwriting operation.
American Family Mutual Insurance Company signed a definitive agreement to acquire all outstanding shares of Bowhead Specialty Holdings it does not already own. The all-cash deal values Bowhead at approximately $1.2 billion, with shareholders receiving $34 per share. The offer price represents an 11% premium to Bowhead's closing share price on July 31, 2026. American Family has been an investor and strategic partner in Bowhead since its founding investment in 2020. The transaction is subject to Bowhead stockholder approval and regulatory clearances; no closing timeline is specified.
Featured in Issue #27 · Aug 9, 2026
GD Culture Group Limited GDC (US) · $1.72
GD Culture Group Limited, together with its subsidiaries, engages in virtual content production business.
The offer represents a nearly 169% premium to GDC's April 30 closing price. The consortium currently owns about 9.2% of the company's outstanding shares. The board established a special committee of three independent directors to review the proposal. The stock crashed 79.3% on Wednesday and 87.8% on Thursday, falling from roughly $6 to $0.15 before Friday's pre-market rebound.
Featured in Issue #27 · Aug 9, 2026
Atkore Inc. ATKR (US) · $93.71 · MCAP $3.2B · EV $3.7B
Fwd P/E: 15.2x · Fwd EV/EBITDA: 9.7x · Fwd EV/Sales: 1.2x · LTM EV/Sales: 1.3x · LTM EV/GP: 6.2x
Atkore Inc. engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers metal electrical conduit and fittings; plastic pipe conduit and fittings.
Prysmian S.p.A. will take Atkore Inc. (ATKR) private in an all-cash merger. The parties entered into a definitive merger agreement on August 2, 2026, under which Atkore will become a wholly owned subsidiary of Prysmian. The transaction is subject to HSR clearance and shareholder approval, with Atkore potentially liable for a $115.9 million termination fee. The narrow spread to the last price of $93.71 suggests low perceived deal-break risk, leaving the HSR condition and termination fee as the primary terms to monitor.
Featured in Issue #27 · Aug 9, 2026
The AES Corporation AES (US) · $14.73 · MCAP $10.5B · EV $49.5B
Fwd P/E: 7.1x · Fwd EV/EBITDA: 16.6x · Fwd EV/Sales: 3.6x · LTM EV/Sales: 3.8x · LTM EV/GP: 18.7x
The AES Corporation, together with its subsidiaries, operates as a power generation and utility company. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries.
The AES Corporation (AES) is involved in a going-private transaction. Horizon Parent, L.P., controlled by Global Infrastructure Management and EQT Infrastructure VI, is taking. The AES Corporation (AES) private in an all-cash merger to remove the company from public markets. The definitive agreement signed March 1, 2026, provides $15.00 per share in cash. Stockholders approved the merger on June 26, 2026, and the HSR waiting period expired on June 22, 2026. The deal remains subject to regulatory approvals from PUCO, NYPSC, FERC, and CFIUS, with an outside date of June 1, 2027. Termination fees are $100 million or approximately $588 million payable by the buyer under certain conditions, while AES would owe approximately $321 million under other circumstances. The deal spread reflects the probability of closing and the asymmetric termination fee structure.
Featured in Issue #27 · Aug 9, 2026
DigitalBridge Group, Inc. DBRG (US) · $15.94 · MCAP $3.0B
Fwd P/E: 65.7x
DigitalBridge Group Inc. is a leading global alternative asset manager dedicated to investing in digital infrastructure.
DBRG common stockholders have approved the SoftBank Merger; flagship fund and fee-paying client consents have also been received. Consummation remains subject to regulatory approvals and customary closing conditions; expected completion in H2 2026. The merger agreement includes a March 29, 2027 outside date, extendable by 90 days for regulatory conditions, with termination fees of $96M (DBRG) or $154M (SoftBank) under certain circumstances.
Featured in Issue #27 · Aug 9, 2026
Global Business Travel Group, Inc. GBTG (US) · $9.46 · MCAP $4.9B · EV $6.1B
Fwd P/E: 19.7x · Fwd EV/EBITDA: 8.8x · Fwd EV/Sales: 1.8x · LTM EV/Sales: 1.9x · LTM EV/GP: 3.3x
Global Business Travel Group, Inc. operates as a technology and services company in the United States, the United Kingdom, and internationally. The company offers the Amex GBT marketplace for fares and rates.
Stockholders approved the merger agreement with Gaia Purchaser Inc. The merger will make Global Business Travel Group a wholly owned subsidiary. An advisory executive compensation proposal was also approved. The adjournment proposal was not needed due to sufficient votes.
Featured in Issue #27 · Aug 9, 2026
LogicMark, Inc. LGMK (US) · $0.67
LogicMark, Inc. provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company offers Guardian Alert 911 Plus, Freedom Alert, Freedom Alert Mini.
Langham Project, LLC will take LogicMark, Inc. (LGMK) private in an all-cash merger valued at $1.31 per share. The definitive agreement, signed July 31, 2026, requires two shareholder approval tests, including a majority of votes cast excluding Series J preferred shares. Langham Project, LLC will pay $1,500,000 in transaction fees, while LogicMark faces a $150,000 termination fee if it exercises a fiduciary out. The deal has an outside termination date of December 31, 2026. The primary arbitrage risk is a closing condition that caps statutory dissenters' rights at 1% of outstanding common shares.
Featured in Issue #27 · Aug 9, 2026
Electronic Arts Inc. EA (US) · $209.70 · MCAP $52.9B · EV $52.4B
Fwd P/E: 24.6x · Fwd EV/EBITDA: 18.3x · Fwd EV/Sales: 6.5x · LTM EV/Sales: 6.7x · LTM EV/GP: 8.4x
Electronic Arts Inc. develops, markets, publishes, and delivers games, content, and services for game consoles, PCs, and mobile phones worldwide. The company markets and sells its games and services through digital distribution and retail channels.
Electronic Arts' $55 billion all-cash take-private acquisition by a consortium led by the Public Investment Fund, Silver Lake and Affinity Partners closed on August 4, 2026 after EU regulatory approval; EA stockholders receive $210 per share and EA is no longer publicly traded.
Featured in Issue #27 · Aug 9, 2026
Japan 17 situations
Solasto Corporation 6197.T (JP) · ¥1,118 · MCAP $667M
MP-2605 Co., Ltd. will become the parent company of Solasto Corporation through a share exchange that makes Solasto a wholly-owned subsidiary.
Featured in Issue #29 · Aug 23, 2026
baudroie,inc. 4413.T (JP) · ¥3,020.00 · MCAP $593M · EV $581M
BCPE Neon Cayman, L.P. is taking Baudroie, Inc. (4413.T) private via a management buyout tender offer at JPY 2,970 (~$19) per share.
Featured in Issue #29 · Aug 23, 2026
J.S.B. Co., Ltd. 3480.T (JP) · ¥8,950 · MCAP $1.24B
Ursa 4 Co., Ltd. will take JSB Co., Ltd. private by acquiring all remaining shares and 2nd Series share warrants on September 4, 2026.
Featured in Issue #29 · Aug 23, 2026
Kakaku.com, Inc. 2371.T (JP) · ¥3,715.00 · MCAP $4.6B · EV $4.4B
Kamgras 1 K.K. raised its cash tender offer price to 3,570 yen per share to take Kakaku.com, Inc. (2371.T) private.
Featured in Issue #28 · Aug 16, 2026
JSB Co., Ltd. 3480.T (JP) · JPY 8,820 · MCAP $1.2B · EV $1.2B
Ursa 4 Co., Ltd. is taking JSB Co., Ltd. (3480) private via a share transfer demand to make the company a wholly-owned subsidiary.
Featured in Issue #28 · Aug 16, 2026
Satudora Holdings Co.,Ltd. 3544.T (JP) · JPY 1,249 · MCAP $108M · EV $195M
Tera Co., Ltd. is taking Satudora Holdings Co., Ltd. (3544.T) private via a share consolidation squeeze-out.
Featured in Issue #28 · Aug 16, 2026
PALTAC CORPORATION 8283.T (JP) · ¥6,630.00 · MCAP $2.5B · EV $2.0B
Fwd EV/EBITDA: 8.6x · Fwd EV/Sales: 0.2x · LTM EV/Sales: 0.3x · LTM EV/GP: 3.0x
Paltac Corporation engages in the wholesale of cosmetics, daily necessities, and over-the-counter drugs in Japan. Paltac Corporation operates as a subsidiary of MediPal Holdings Corporation.
Medipal Holdings is taking Paltac Corporation (8283.T) private via a tender offer that will result in the company's delisting from the Tokyo Stock Exchange. Paltac confirmed it will pay no interim or year-end dividends for the fiscal year ending March 31, 2027, compared to ¥120 per share in the prior year. The company has also refrained from disclosing full-year earnings forecasts due to the planned delisting and ownership changes. For Q1 FY2027, net sales rose 3.4% YoY to ¥326.9 billion (~$2.1B), while operating profit fell 19.5% to ¥6.1 billion (~$39M) and net profit dropped 23.3% to ¥4.8 billion (~$30M). The tender offer will squeeze out remaining minority shareholders, removing standalone equity value for public holders.
Featured in Issue #27 · Aug 9, 2026
NS United Kaiun Kaisha, Ltd. 9110.T (JP) · ¥10,450.00 · MCAP $1.6B · EV $1.6B
Fwd EV/Sales: 1.6x · LTM EV/Sales: 1.0x · LTM EV/GP: 7.5x
NS United Kaiun Kaisha, Ltd., together with its subsidiaries, engages in the marine transportation services and related business in Japan and internationally. The company operates through two segments, International Shipping Business and Coastal Shipping Business.
Nippon Steel Corporation will tender 4,720,438 shares of NS United Kaiun Kaisha, Ltd. (9110) as part of a self-tender offer. Under a Basic Agreement with a joint holder, Nippon Steel Corporation will not tender its remaining 3,140,842 shares. Nippon Steel Corporation reported a shareholding ratio of 32.80% in a Large Shareholding Report filed under the Cabinet Office Ordinance on Disclosure of Large Shareholdings. This filing clarifies the participation levels of a major shareholder in the issuer's self-tender.
Featured in Issue #27 · Aug 9, 2026
digital hearts 3676.T (JP) · ¥903.00 · MCAP $128M · EV $125M
Fwd EV/EBITDA: 5.2x · Fwd EV/Sales: 0.5x · LTM EV/Sales: 0.5x · LTM EV/GP: 2.0x
DIGITAL HEARTS HOLDINGS Co., Ltd., together with its subsidiaries, engages in the debugging, media, and other businesses. In addition, it offers testing services for IT-related software, including websites and operations systems.
Sandbox Inc., a vehicle wholly owned by Chairman and 42.27% shareholder Eiichi Miyazawa, launched a tender offer for all outstanding shares of Digital Hearts Holdings to take the company private. Offer price is ¥1,060 per share; tender period runs August 7 to September 24, 2026, with settlement starting September 30, 2026. Miyazawa will tender 500,000 of his 9,425,633 shares. A-1 LLC, where Miyazawa is representative member, will tender all 1,324,900 shares it holds. Minimum acceptance condition is 5,922,743 shares; the offeror seeks to acquire up to 13,373,171 shares with no upper limit.
Featured in Issue #27 · Aug 9, 2026
Jimoty Inc. 7082.T (JP) · ¥1,405.00 · MCAP $88M · EV $77M
Fwd EV/EBITDA: 26.2x · Fwd EV/Sales: 5.6x · LTM EV/Sales: 6.0x · LTM EV/GP: 6.5x
Jimoty, Inc. engages in the classified site management business in Japan. The company provides Jimoty, an information site that lists various information by prefecture and municipality; and Jimoty Spot for transferring items.
Jimoty's board resolved to hold an EGM, to approve a share consolidation as the squeeze-out step following the successful tender offer by Culture Convenience Club Co., Ltd. Jimoty shares will be designated as a security to be delisted from August 28, 2026, and will be delisted from the Tokyo Stock Exchange Growth Market on September 29, 2026.
Featured in Issue #27 · Aug 9, 2026
nms Holdings Corporation 2162.T (JP) · ¥536.00 · MCAP $65M · EV $153M
Fwd EV/EBITDA: 7.5x · Fwd EV/Sales: 0.3x · LTM EV/Sales: 0.3x · LTM EV/GP: 2.5x
nms Holdings Corporation engages in human resource, electronics manufacturing services, and power supply businesses in Japan and internationally. The company also provides electronics manufacturing services, such as substrate mounting, substrate assembling, simple pressing, resin molding, assembly, etc. services.
World Holdings Co., Ltd. holds 19,200,741 shares (a pre-existing 6,319,700-share stake plus 11,825,411 tendered and 1,055,630 acquired on July 30) of NMS Holdings Co., Ltd., 2026. On July 30, 2026, World Holdings exercised its right as a special controlling shareholder under Article 179 of the Companies Act to force all remaining minority shareholders to sell their shares. World Holdings acquired 11,825,411 shares (54.72% of outstanding) on July 10, 2026, and 1,055,630 shares (4.88%) on July 30, 2026, both off-market.
Featured in Issue #27 · Aug 9, 2026
CE Holdings Co., Ltd. 4320.T (JP) · ¥1,651.00 · MCAP $175M · EV $150M
LTM EV/Sales: 1.4x · LTM EV/GP: 6.2x
CE Holdings Co., Ltd., through its subsidiaries, develops and sells electronic medical record systems in Japan. The company engages in the development, implementation, operation, and maintenance of medical information systems; develops MI RA Is, an electronic medical record system.
SK-03 Co., Ltd. launched a tender offer to take CE Holdings private at ¥1,650 (~$10) per share. The tender offer period runs from August 6, 2026 to September 17, 2026 (30 business days). The offeror has a parallel agreement to acquire 1,450,800 shares (8.70%) from Chairman & CEO Sugimoto at ¥1,600 (~$10) per share. The tender offer period runs from August 6 to September 17, 2026, with settlement starting September 29, 2026. The third-party tender has a minimum acceptance condition of 4,968,300 shares (29.79% ownership) and no upper limit; if the minimum is met, all tendered shares will be purchased.
Featured in Issue #27 · Aug 9, 2026
Anshin Guarantee Co., Ltd. 7183.T (JP) · ¥254.00 · MCAP $28M
Anshin Guarantee Co., Ltd. provides rental guarantee services, primarily guaranteeing rent payments for tenants on behalf of property management companies and landlords in Japan.
Anshin Guarantee's board resolved to hold an EGM on September 10, 2026 to approve a share consolidation and abolish the share unit system. Anshin Guarantee shares will be designated as a 'monitored issue' from September 10 to October 8, 2026, and delisted from the Tokyo Stock Exchange Standard Market on October 9, 2026.
Featured in Issue #27 · Aug 9, 2026
Future Corporation 4722.T (JP) · ¥2,446.00 · MCAP $1.4B · EV $1.2B
Fwd EV/EBITDA: 8.6x · Fwd EV/Sales: 2.2x · LTM EV/Sales: 2.5x · LTM EV/GP: 5.1x
Future Corporation provides IT consulting and services primarily in Japan. The company also offers business innovation services, including digital marketing, IT education, e-commerce, and other fields.
Key West Network launched a tender offer on July 30, 2026 at ¥2,451 (~$16) per share, running through September 10, 2026, to take Future Corporation private. Kanemaru agreed to tender 5,558,700 shares and transfer the remaining 5,558,700 shares to a voting trust controlled by Key West Network upon tender completion.
Featured in Issue #27 · Aug 9, 2026
Ryomo Systems Co., Ltd. 9691.T (JP) · ¥5,150.00 · MCAP $114M · EV $91M
LTM EV/Sales: 0.6x · LTM EV/GP: 2.2x
Ryomo Systems Co., Ltd. provides software development and system sales, information processing, product-related sales, and other information services in Japan. The company also provides customer portals for gas and electricity retailing; customer charge management, and gas business management solutions.
Ryomo Systems Co., Ltd. (9691) will hold an extraordinary general meeting of shareholders on September 16, 2026, to deliberate on share consolidation and the abolition of the unit share system. The meeting follows a tender offer conducted by controlling shareholders Mitsuba and Chubu Electric at ¥5,200 (~$33) per share. These actions are part of a series of transactions aimed at delisting the company. The upcoming vote on September 16 serves as the next catalyst.
Featured in Issue #27 · Aug 9, 2026
Shinko Steel Wire Co., Ltd. 5660.T (JP) · ¥1,901.00 · MCAP $71M · EV $122M
Fwd EV/EBITDA: 7.0x · Fwd EV/Sales: 0.7x · LTM EV/Sales: 0.6x · LTM EV/GP: 3.5x
Japanese manufacturer of steel wire and wire-rope products; a Kobe Steel group affiliate (now listed under the name Kobelco Wire Co., Ltd.).
Kobe Steel, Ltd. will acquire Shinko Steel Wire Co., Ltd. (5660.T) through a simplified share exchange effective September 1, 2026. The parties concluded the share exchange agreement on May 11, 2026. Shinko Steel Wire will cancel 3,335 treasury shares immediately before the exchange. Dissenting shareholders may exercise share buyback requests under Companies Act Article 785. Minority shareholders face a squeeze-out with no tender mechanics, and potential appraisal action risk exists if the board-determined buyback price is contested.
Featured in Issue #27 · Aug 9, 2026
Japan Property Management Center Co.,Ltd. 3276.T (JP) · ¥2,244.00 · MCAP $238M · EV $199M
Fwd EV/Sales: 0.5x · LTM EV/Sales: 0.5x · LTM EV/GP: 3.8x
Japan Property Management Center Co., Ltd. engages in leasing rental properties in Japan. The company is involved in renting condominiums and apartments; bulk leasing business; construction work; management/brokerage of rental properties; operation of senior housing.
Amsterdam1 and Amsterdam2, entities backed by Sunrise Capital V funds, launched a tender offer for all common shares of JPMC Corporation. The offer is part of an MBO. CEO Hideaki Muto will roll over equity and continue as Representative Director post-close. Minimum acceptance condition is 6,707,800 shares (40.16% of the base shares), designed to secure two-thirds voting control for a subsequent share consolidation squeeze-out. Muto Enterprise 2 (26.35% holder) agreed not to tender but will participate in a post-consolidation share buyback, while CEO Muto (3.15%) and Muto Enterprise 3 (0.53%) agreed to tender. Tender offer price is ¥2,250 (~$14) per share, with a tender period from August 4 to September 15, 2026 (30 business days).
Featured in Issue #27 · Aug 9, 2026
United Kingdom 9 situations
Pinewood Technologies Group PINE.L (UK) · £4.46 · MCAP $700M · EV $655M
Ridgeview Partners is taking Pinewood Technologies Group (PINE.L) private in an all-cash deal valued at £545M (~$744M).
Featured in Issue #29 · Aug 23, 2026
JTC plc JTC.L (UK) · £13.39 · MCAP $3.1B
Papilio Bidco Limited is taking JTC plc (JTC.L) private via a cash scheme of arrangement following court sanction on 19 August 2026.
Featured in Issue #29 · Aug 23, 2026
Intertek Group plc ITRK.L (UK) · £58.45 · MCAP $12.2B · EV $14.3B
Intertek Group plc (ITRK.L) has agreed to be taken private in a cash transaction valuing the company at $14.6 billion.
Featured in Issue #29 · Aug 23, 2026
Time Finance plc TIME.L (UK) · GBp 57.50 · MCAP $72M
Bentley Park (UK) Limited, parent of Ultimate Finance Group, agreed to acquire Time Finance plc for 59.1 pence per share in cash.
Featured in Issue #29 · Aug 23, 2026
easyJet Plc EZJ.L (UK) · £6.71 · MCAP $6.8B · EV $6.2B
The easyJet board unanimously recommended the deal, ending a months-long bidding contest.
Featured in Issue #29 · Aug 23, 2026
Irish Continental Group ICGC.L (UK) · £6.85 · MCAP $1.4B · EV $1.7B
Major shareholders oppose the EUR1.2 billion management buyout of Irish Continental Group (LSE: ICGC) as undervaluing the company.
Featured in Issue #28 · Aug 16, 2026
easyJet plc EZJ.L (UK) · GBp 671.00 · MCAP $6.8B · EV $6.2B
Apollo Global Management agreed on August 6, 2026 to take easyJet plc (EZJ.L) private in a recommended offer valued at approximately £5.7 billion.
Featured in Issue #28 · Aug 16, 2026
easyJet EZJ.L (UK) · £6.71 · MCAP $6.8B · EV $6.2B
Fwd P/E: 21.8x · Fwd EV/EBITDA: 3.9x · Fwd EV/Sales: 0.4x · LTM EV/Sales: 0.4x · LTM EV/GP: 1.3x
easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the development of building projects; financing and insurance business; and tour operator activities, as well as provides holiday packages.
Apollo Global submitted a firm cash offer for easyJet at £7.15 per share, valuing the airline at approximately £5.7 billion (~$7.7B). Castlelake withdrew its competing bid under Rule 2.8 of the Takeover Code, having previously secured board support at £6.90 per share. easyJet founder Sir Stelios Haji-Ioannou and his family, holding 15.31%, intend to exchange their shares for unlisted shares in Apollo's new parent company rather than take cash. The transaction will be implemented via a court-approved scheme of arrangement, with a shareholder vote date to be set in a scheme document expected by early September.
Featured in Issue #27 · Aug 9, 2026
Mitie Group plc MTO.L (UK) · £2.06 · MCAP $3.5B · EV $4.2B
Fwd P/E: 14.4x · Fwd EV/EBITDA: 7.7x · Fwd EV/Sales: 0.5x · LTM EV/Sales: 0.5x · LTM EV/GP: 4.7x
Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally.
OCS Group made a recommended cash offer of 218.5p per Mitie share plus a final dividend of up to 3.1p, giving total consideration of up to 221.6p per share. The 218.5p cash component represents a 44.7% premium to Monday's closing price of 151p; including the dividend, the premium is 46.8%. The deal values Mitie at approximately £3.1bn (~$4.2B) and is structured as a Scottish court-sanctioned scheme of arrangement, expected to complete in Q1 2027. OCS secured irrevocable acceptances from Mitie board members covering 1.2% of shares. Oasis Management committed a further 9.9% via swaps.
Featured in Issue #27 · Aug 9, 2026
Canada 8 situations
Roots Corporation ROOT.TO (CA) · C$3.69 · MCAP $105M · EV $175M
Marquee Brands will take Roots Corporation (ROOT.TO) private for $4.10 per share in cash, a 36% premium over the March 2 close.
Featured in Issue #29 · Aug 23, 2026
Minto Apartment Real Estate Investment Trust MI.UN (CA) · C$17.99 · MCAP $480M
Crestpoint Real Estate Investments is seeking to take Minto Apartment Real Estate Investment Trust (MI-UN.TO) private in a cash transaction at C$18.00 (~$13) per unit.
Featured in Issue #29 · Aug 23, 2026
Andrew Peller Limited ADW.A (CA) · MCAP $277M
Fairfax Financial Holdings Limited is taking Andrew Peller Limited (ADW.A) private for cash at $8.00 per Class A Share and $12.00 per Class B Share.
Featured in Issue #28 · Aug 16, 2026
H&R Real Estate Investment Trust HR.UN.TO (CA) · MCAP $1.4B
Unitholders will receive mixed consideration of $4.28 cash and 0.5688 GO Residential REIT units per H&R unit.
Featured in Issue #28 · Aug 16, 2026
Jamieson Wellness JWEL.TO (CA) · CAD 45.61 · MCAP $1.4B · EV $1.7B
Kirin Holdings to acquire Jamieson Wellness in an all-cash deal (US$1.79 billion).
Featured in Issue #28 · Aug 16, 2026
Boralex Inc. BLX.TO (CA) · CAD 37.23 · MCAP $2.8B · EV $6.2B
Boralex received all regulatory approvals required to complete its plan of arrangement with Brookfield and La Caisse (CDPQ).
Featured in Issue #28 · Aug 16, 2026
kneat.com, inc. KSI.TO (CA) · C$6.48 · MCAP $450M · EV $432M
Fwd P/E: NM · Fwd EV/EBITDA: 32.4x · Fwd EV/Sales: 7.3x · LTM EV/Sales: 9.1x · LTM EV/GP: 11.8x
kneat.com, inc., together with its subsidiaries, designs, develops, and supplies software for data and document management within regulated environments in America, Europe, and the Asia Pacific.
Ontario Superior Court of Justice (Commercial List) issued final order approving the plan of arrangement. Thoma Bravo affiliate to acquire all outstanding common shares of Kneat, other than any rollover shares. Transaction expected to close on or about August 11, 2026, subject to remaining conditions.
Featured in Issue #27 · Aug 9, 2026
Boralex inc. BLX.TO (CA) · C$37.20 · MCAP $2.7B · EV $6.2B
Fwd P/E: NM · Fwd EV/EBITDA: 11.3x · Fwd EV/Sales: 8.9x · LTM EV/Sales: 9.6x · LTM EV/GP: 12.7x
Boralex Inc., together with its subsidiaries, engages in the developing, building, and operating power generating and storage facilities in Canada, France, the United States, and the United Kingdom.
Boralex obtained all required regulatory approvals for the previously announced arrangement with Brookfield and La Caisse. The arrangement was approved by shareholders on June 4, 2026 and received final court approval on June 5, 2026. Closing is expected on or about August 14, 2026, subject to the remaining closing conditions.
Featured in Issue #27 · Aug 9, 2026
Australia 7 situations
Steadfast Group SDF.AX (AU) · A$5.65 · MCAP $4.5B
Amwins Australasia and Starboard BidCo, an entity indirectly owned by Dragoneer and Kohlberg Kravis Roberts & Co. L.P., will acquire Steadfast Group Limited (SDF.AX) via a scheme arrangement for an enterprise value of…
Featured in Issue #29 · Aug 23, 2026
EQT Holdings Limited EQT.AX (AU) · A$22.10 · MCAP $425M
BGH Capital proposed to acquire 100% of EQT Holdings via a scheme of arrangement at A$24.75 (~$18) cash per share, less any dividends declared or paid.
Featured in Issue #29 · Aug 23, 2026
Noumi NOU.AX (AU) · A$0.12 · MCAP $24M
FY26 group net revenue reached $648.4 million; statutory net loss after tax was $67.2 million, an $82.8 million improvement year-over-year.
Featured in Issue #29 · Aug 23, 2026
Reliance Worldwide Corporation RWC.AX (AU) · A$4.41 · MCAP $2.4B · EV $2.7B
Brookfield Capital Partners LLC made an unsolicited, non-binding indicative proposal to acquire 100% of RWC via scheme of arrangement at A$4.75 cash per share.
Featured in Issue #29 · Aug 23, 2026
Cleanaway Waste Management Limited CWY.AX (AU) · A$2.71 · MCAP $4.3B · EV $5.9B
An affiliate fund managed by EQT AB (publ) proposed to acquire Cleanaway Waste Management Limited for AUD 6.8 billion (~$4.8B) on August 13, 2026.
Featured in Issue #28 · Aug 16, 2026
oOh!media OML.AX (AU) · AUD 1.67 · MCAP $573M · EV $1.3B
I Squared Capital agreed to acquire oOh!media Limited (OML.AX) for A$898 million ($631 million) in equity value to take the company private.
Featured in Issue #28 · Aug 16, 2026
FleetPartners Group Limited FPR.AX (AU) · A$3.47 · MCAP $516M
Fwd P/E: 9.8x
FleetPartners Group Limited provides fleet management services in Australia and New Zealand. The company operates through three segments: Australia Commercial, Novated, and New Zealand Commercial.
SG Fleet seeks to acquire 100% of FleetPartners Group Limited (FPN) via a scheme of arrangement. The buyer submitted an unsolicited, non-binding indicative offer to purchase all outstanding shares. This proposal is subject to conditions including due diligence and regulatory approvals from FIRB, the ACCC, and the NZCC. The board is currently evaluating the proposal. FleetPartners shares surged 17.31% to $3.32 on the ASX following the disclosure.
Featured in Issue #27 · Aug 9, 2026
Hong Kong 7 situations
Changhong Jiahua Holdings Limited 3991.HK (HK) · HK$0.62 · MCAP $203M · EV $221M
Pre-condition (a), approval from Mianyang City SASAC, was satisfied as disclosed.
Featured in Issue #29 · Aug 23, 2026
Z Fin Limited 1168.HK (HK) · HK$5.50 · MCAP $306M · EV $495M
Z Fin Limited is subject to a proposed privatisation by Asia Pacific Promotion Limited via scheme of arrangement under section 99 of the Companies Act, first announced 21 July 2026.
Featured in Issue #29 · Aug 23, 2026
Hang Seng Bank 00011.HK (HK) · MCAP $35.8B
HSBC completed its privatization of Hang Seng Bank (00011.HK): the scheme became effective on January 26, 2026 and Hang Seng Bank shares were delisted from the Hong Kong Stock Exchange on January 27, 2026.
Featured in Issue #28 · Aug 16, 2026
Z Fin Limited 1168.HK (HK) · HKD 5.50 · MCAP $306M · EV $495M
Z Fin Limited (1168.HK) has extended the deadline to despatch its scheme document for a privatisation by Asia Pacific Promotion Limited to September 30, 2026.
Featured in Issue #28 · Aug 16, 2026
Guotai Junan International 1788.HK (HK) · HKD 2.87 · MCAP $3.5B
Guotai Junan International Holdings Limited (BBG000R4B6X9) is going private in a deal valued at HK$28.6 billion (~$3.6B).
Featured in Issue #28 · Aug 16, 2026
Guotai Junan International Holdings Ltd. 01788.HK (HK) · HK$2.08 · MCAP HK$19.82B (~$2.5B)
Hong Kong-based securities and investment banking group offering brokerage, asset management, corporate finance, and wealth-management services; the international arm of mainland China's Guotai Junan Securities.
Controlling shareholder Guotai Haitong Financial Holdings proposes to take Guotai Junan International private at HK$3 per share in cash. The offer values the company at approximately HK$28.59 billion ($3.6 billion) and represents a 44.2% premium to the last close of HK$2.08 before the trading halt. The privatization will be executed via a scheme of arrangement under Hong Kong's Companies Ordinance, subject to shareholder approval and court sanction.
Featured in Issue #27 · Aug 9, 2026
Get Nice Holdings Limited 64.HK (HK) · HK$3.79 · MCAP $299M
Fwd P/E: 4.8x
Get Nice Holdings Limited, an investment holding company, engages in money lending, property investment, investment in financial instruments, auction, and financial services businesses in Hong Kong and the United Kingdom. The company operates through eight segments: Broking, Securities Margin Financing.
An application has been made to the Takeovers Executive to extend the scheme document despatch deadline from 7 August 2026 to 28 September 2026, and the Executive has indicated that it is minded to grant consent. The extension accommodates the Grand Court directions-hearing schedule and finalisation of the scheme document; the scheme remains subject to Court Meeting/EGM approval and Grand Court sanction.
Featured in Issue #27 · Aug 9, 2026
South Korea 3 situations
Lotte Rental Co., Ltd. 089860.KS (KR) · ₩45,900.00 · MCAP $1.2B · EV $4.3B
Lexicon Korea Holdco Inc. executed a share purchase agreement on August 11, 2026, to acquire 22,212,063 shares of Lotte Rental, representing 61.17% of voting shares.
Featured in Issue #29 · Aug 23, 2026
Golfzon Holdings Co., Ltd. 121440.KQ (KR) · KRW 7,180 · MCAP $196M · EV $313M
SJ Investment Holdings Co., Ltd. launched a tender offer to take GOLFZON HOLDINGS Co., Ltd. (121440.KQ) private to delist the company from the KOSDAQ.
Featured in Issue #28 · Aug 16, 2026
Golfzon Holdings Co., Ltd. 121440.KQ (KR) · ₩6,590.00 · MCAP $179M · EV $296M
Fwd P/E: 4.3x · Fwd EV/EBITDA: 18.9x · Fwd EV/Sales: 0.9x · LTM EV/Sales: 1.2x · LTM EV/GP: 3.4x
GOLFZON HOLDINGS Co., Ltd., through its subsidiaries, engages in the golf, sports, health, and lifestyle businesses in South Korea and internationally.
SJ Investment Holdings is attempting to take Golfzon Holdings (121440.KQ) private via a cash tender offer at KRW 6,700 per share. The board expressed support for the offer's fairness and purpose on August 3, 2026, though it remained neutral on whether shareholders should tender. The transaction aims to delist the company to simplify a dual-listing structure with its subsidiary Golfzon Co., Ltd. The board states the price was validated by an independent sum-of-the-parts valuation and benchmarked against 19 comparable voluntary delistings. The board has committed to ensuring any subsequent squeeze-out provides consideration no lower than the tender price per February 2026 Ministry of Justice restructuring guidelines.
Featured in Issue #27 · Aug 9, 2026
Norway 2 situations
Ocean Yield AS Unlisted (NO)
Ocean Yield AS issued USD 100 million in oversubscribed perpetual callable hybrid bonds at SOFR + 350 bps to refinance existing OCY10 bonds and for general corporate purposes.
Featured in Issue #29 · Aug 23, 2026
Aker BioMarine ASA AKBM.OL (NO) · NOK 122.00 · MCAP $1.1B · EV $1.3B
EGM held 17 August 2026 approved all board-proposed items, including the merger plan.
Featured in Issue #29 · Aug 23, 2026
Singapore 2 situations
Avarga Limited X5N.SI (SG) · S$2.68 · MCAP $192M · EV $311M
Court hearing to sanction the scheme fixed for 2 September 2026 at 10 a.m. before Justice Kristy Tan.
Featured in Issue #29 · Aug 23, 2026
Datapulse Technology Limited BKW.SI (SG) · SGD 0.15 · MCAP $28M · EV $17M
Datapulse Technology Limited and controlling shareholder, executive chairman and CEO Ang Kong Meng, jointly proposed a voluntary delisting from the Singapore Exchange.
Featured in Issue #28 · Aug 16, 2026
Indonesia 1 situation
PT Solusi Tunas Pratama Tbk SUPR.JK (ID)
PT Profesional Telekomunikasi Indonesia (Protelindo) extended its voluntary tender offer for PT Solusi Tunas Pratama Tbk (SUPR.JK) to facilitate the company's plan to go private and delist from the Indonesia Stock…
Featured in Issue #29 · Aug 23, 2026
South Africa 1 situation
Balwin Properties BWN.JO (ZA) · MCAP $127M · EV $317M
A PIC-backed consortium is taking Balwin Properties (BWN.JO) private following shareholder approval of a cash buyout.
Featured in Issue #29 · Aug 23, 2026
Ireland 1 situation
DCC Energy PLC DCC (IE) · 6,370p · MCAP $7.43B
Dragon Bidco Limited is taking DCC Energy PLC (DCC) private via a recommended acquisition agreed on 27 July 2026.
Featured in Issue #29 · Aug 23, 2026
Philippines 1 situation
First Gen Corp FGEN.PS (PH) · PHP 30.70 · MCAP $1.8B · EV $3.0B
KKR is seeking to take First Gen Corporation (FGEN.PS) private through a mandatory tender offer following an offer to buy an 8.43% stake from parent First Philippine Holdings.
Featured in Issue #28 · Aug 16, 2026
China 1 situation
Cloopen Group Holding Limited RAASY (CN) · MCAP $120M
Merger Agreement dated May 12, 2026 provides for Merger Sub to merge with and into Cloopen, with Cloopen surviving as a wholly-owned subsidiary of HoldCo.
Featured in Issue #28 · Aug 16, 2026
Italy 1 situation
Star7 S.p.A. STAR7.MI (IT) · €9.65 · MCAP $100M · EV $125M
Fwd P/E: 8.2x · Fwd EV/EBITDA: 5.1x · Fwd EV/Sales: 0.8x · LTM EV/Sales: 0.9x · LTM EV/GP: 1.6x
Star7 S.p.A. provides engineering, product knowledge, global content, and printing services worldwide. The company also provides language services, such as translation, software localisation, copywriting and transcreation, machine translation, and interpreting.
7BidCo acquired 676,974 Star7 shares via compulsory purchase, reaching 99.06% ownership (8,915,336 shares). Star7 shares will be suspended from Euronext Growth Milan on 10-11 August 2026 and delisted effective 12 August 2026.
Featured in Issue #27 · Aug 9, 2026
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