KKR nears Integer Holdings buyout, ICE to acquire MarketAxess in $6 billion deal

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4▲11 ▼0Impact / 5
Summary · why it matters

Several major deals were reported this week across sectors. KKR is close to a deal to take medical-device outsourcer Integer Holdings private, sending its shares up 20%. Intercontinental Exchange agreed to acquire fixed-income electronic trading platform MarketAxess Holdings in a transaction valuing its equity at roughly $6.0 billion and total enterprise at $5.7 billion. Grant Thornton Advisors agreed to buy professional services firm CBIZ in an all-cash deal with a $5 billion enterprise value, backed by New Mountain Capital. Koch Inc. is exploring a sale of data center developer Edged that could value it at more than $15 billion. KKR and Energy Capital Partners agreed to acquire Ireland-based energy distributor DCC Energy in a deal valued at about £5.7 billion, with shareholders receiving £65.25 per share in cash plus a final dividend and a potential contingent payment. TransDigm Group agreed to acquire Prince & Izant from Industrial Growth Partners for approximately $1.066 billion in cash. argenx SE will acquire Forte Biosciences for $77 per share in cash, a transaction valued at roughly $2.2 billion, adding a first-in-class anti-CD122 antibody to its immunology portfolio. Ambarella shares surged 19% on a report that NXP Semiconductors is in talks to acquire the chip designer, though a deal is not certain. Curium is in advanced talks to buy radiopharma company Lantheus Holdings for about $102 per share upfront plus $12.50 per share in contingent value rights.

Impact on assets 12

Biotech & Genomic Medicine▲
Forte Biosciences Inc
FBRX
▲ PositiveCapitalrelevance

argenx will acquire Forte Biosciences for $77 per share in cash, a $2.2 billion deal.

Lantheus Holdings Inc
LNTH
▲ PositiveCapitalrelevance

Curium is in advanced talks to buy Lantheus for $102 per share plus CVRs, a premium acquisition.

Financials▲
MarketAxess Holdings Inc
MKTX
▲ PositiveCapitalrelevance

ICE agreed to acquire MarketAxess in a $6 billion deal, valuing its equity at $6.0 billion.

Semiconductors▲
Ambarella Inc
AMBA
▲ PositiveCapitalrelevance

NXP Semiconductors is in talks to acquire Ambarella, driving shares up 19%.

Industrials▲
CBIZ Inc
CBZ
▲ PositiveCapitalrelevance

Grant Thornton Advisors agreed to buy CBIZ in an all-cash deal with a $5 billion enterprise value.

Energy Transition & Power Demand▲
DCC plc
DCC
▲ PositiveCapitalrelevance

KKR and Energy Capital Partners agree to acquire DCC Energy at £65.25 per share cash plus dividend.

Carbon Removal (DAC)▲
Brain-Computer Interface▲
Aging Population▲
KKR & Co. Inc.
KKR
▲ PositiveCapitalrelevance

KKR is near a deal to take Integer Holdings private and agreed to acquire DCC Energy, both M&A transactions.

Defense & Geopolitical Fragmentation▲
Cybersecurity & Digital Trust▲
NXP Semiconductors NV
NXPI
▲ PositiveCapitalrelevance

NXP is in talks to acquire Ambarella, a potential M&A deal, though not certain.

Health Care▲

Theme Impact 3

Off-coverage companies 7

Curiumi
Private▲ PositiveCapitalrelevance

Curium in advanced talks to buy Lantheus for $102 per share plus CVRs.

Energy Capital Partnersi
Private▲ PositiveCapitalrelevance

Energy Capital Partners co-acquires DCC Energy in a deal valued at about £5.7 billion.

Edgedi
Private± MixedCapitalrelevance

Koch Inc. explores sale of Edged, potential value over $15 billion, but deal uncertain.

Grant Thornton Advisorsi
Private± Mixedrelevance

Industrial Growth Partnersi
Private± Mixedrelevance

New Mountain Capital, L.L.C.i
Private± Mixedrelevance

Prince & Izanti
Private± Mixedrelevance

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