M&A and Private Equity

In a $12 billion move that strengthens its neuroscience and rare disease portfolio, Novartis is acquiring Avidity Biosciences to anchor its push into next-generation RNA medicines. The deal positions Novartis at the forefront of muscle-targeted therapeutics and reflects the broader industry shift toward specialty-focused drug development. For Novartis, the acquisition offers…

In a $28.7 billion transaction, Holcim has completed the spin-off of its North American business, Amrize, creating the region’s largest pure-play building materials company. Executed as a dividend in kind distribution, the transaction enables…

In a record-breaking $56 billion transaction, a consortium led by Silver Lake, Saudi Arabia’s Public Investment Fund (PIF), and Affinity Partners is taking Electronic Arts (EA) private – marking the largest leveraged buyout in history. The move reinforces PIF’s ambition to position Saudi Arabia as a global hub for gaming and digital entertainment, reflecting the…

In a record-shattering $10 billion deal, Guggenheim Partners CEO Mark Walter has acquired control of the Los Angeles Lakers, the NBA’s most iconic franchise. The transaction marks a new era for the team and underscores the surging valuations across elite sports. With the Lakers joining Walter’s global portfolio…

Capital One has completed its $35.3 billion all-stock acquisition of Discover, creating the largest US credit card issuer and a top 10 bank by assets. The transaction brings Capital One direct ownership of a global payments network, a rare asset in an industry dominated by…

European football is entering a new era as global private equity firms like CVC, RedBird, and Silver Lake reshape the game’s financial and cultural foundations. Once rooted in community ownership, clubs are increasingly run with corporate discipline, multi-club portfolios, and revenue-driven strategies. While this brings stability, infrastructure upgrades, and commercial growth, it also raises concerns…

In a $2.5 billion strategic move, Dick’s Sporting Goods has announced the acquisition of Foot ‎Locker, uniting two leading players in the global sports and lifestyle retail market. The cash-and-‎stock transaction, Dick’s largest to date, aims to…‎

ConocoPhillips has completed its $22.5 billion acquisition of Marathon Oil, bringing together two key players in the US shale industry. The move strengthens ConocoPhillips’ position in major production areas like the Permian and Bakken and expands its presence in the upstream segment. With the deal, the company aims to improve efficiency, boost production, and stay…

Im Rahmen des St. Gallen Symposiums spricht Daniel Gentsch, Präsident des Verwaltungsrats von EY Schweiz, über die strategischen Herausforderungen des Schweizer Transaktionsmarkts im Zeichen globaler Unsicherheit. Zwischen Mindestbesteuerung, wachsendem Regulierungsdruck und internationalem Standortwettbewerb analysiert Gentsch politische Realitäten, wirtschaftliche Resilienz und die Grenzen protektionistischer Reflexe.

In a bold strategic move, Ubisoft has partnered with Tencent through a €1.16 billion investment ‎that values a newly created subsidiary – housing Assassin’s Creed, Far Cry, and Rainbow Six ‎Siege – at €4.6 billion. The deal, announced amidst Ubisoft’s operational struggles, aims to ‎unlock asset value, improve financial flexibility, and expand reach in Asia…