Apollo Global Management is set to acquire nearly 10% of Mubadala Capital, the alternative asset management arm backed by Abu Dhabi. The investment expands Apollo's presence in one of the world's most important pools of capital.
Mon 11:19 AMCNBC
Mergers and Acquisitions
Topic overview
Corporate deals and consolidation reshaping companies, industries, and markets.
Latest Stories
Recently curated for this topic.
Belgian Deputy Prime Minister David Clarinval said the government’s 5.7% holding in BNP Paribas is non-strategic and indicated it could sell part or all of the stake.
Mon 9:56 AMBloomberg MarketsJ.P. Morgan views UDR’s partnership with Apollo positively. UDR will receive an asset management fee equal to 1.25% of Apollo’s equity contribution, or about $16.75 million.
Mon 9:38 AMHousing WireAn affiliate of Bon Secours Mercy Health will acquire Surgery Partners for an enterprise value of $5.7 billion. The transaction gives the nonprofit hospital system a larger foothold in outpatient surgical care.
Mon 9:14 AMBloomberg MarketsAlimentation Couche-Tard has submitted a new bid for Cumberland Farms that could value the company at as much as $8 billion, according to the Times. Analysts view the proposed combination as strategically logical.
Mon 8:53 AMBloomberg MarketsEQT plans to acquire Range Resources in a combination that would create the largest natural gas producer in the United States.
Mon 7:57 AMFinancial TimesBarclays recommends buying Tesla shares ahead of a potential merger with SpaceX. The view treats the possible transaction as a source of additional value for Tesla investors.
Mon 6:49 AMCNBCA potential merger with SpaceX could give Tesla access to greater capital, technology and engineering resources as Elon Musk pushes the carmaker toward autonomous driving and software. The strategy aims to create new profit streams beyond vehicle sales.
Mon 1:00 AMFinancial TimesKone is seeking European Commission approval for its €29bn acquisition of TK Elevator while proposing to retain the target’s businesses in Spain and Portugal. The approach tests whether Brussels will accept a stronger regional competitor with narrower divestments.
Mon 1:00 AMFinancial TimesArdmore Group has acquired Modus, while founder Julian Vogel will remain as a consultant. The transaction gives Modus a new strategic owner and access to Ardmore’s complementary services as it enters its next growth phase.
Mon 12:01 AMWWDThe Center and dermatologist Dr. Mamina Turegano have acquired Boscia and plan to relaunch the skin care brand. Their strategy combines Asian skin care traditions with updated formulations and medical expertise.
Mon 12:01 AMWWDIngenia Communities Group shares surged after AVID Property Group Holdings made a $1.6 billion takeover bid for the Australian retirement-living operator. The offer escalates an emerging bidding contest for the company.
Sun 8:14 PMBloomberg Markets
Instacart has approached Uber and DoorDash about a potential sale of its grocery delivery platform. Discussions with Uber are no longer ongoing, and the company is still evaluating strategic options.
Sun 7:32 PMPYMNTSDalmore Capital is among the parties that have expressed interest in acquiring JLA Group, a UK supplier of commercial equipment and related services. JLA is owned by private equity firm Cinven.
Sat 10:08 AMBloomberg MarketsFrasers Group has increased its stake in Hugo Boss to 50.08%, giving it control of the German fashion company. Hugo Boss will now be treated as a subsidiary of Frasers.
Sat 7:14 AMWWD
Polygon has completed its acquisition of Coinme, turning Polygon Open Money Stack into a US-regulated payments platform. The company says the deal expands its ability to support end-to-end onchain payment flows.
Fri 7:41 PMPYMNTS
CP Group and Harrison Street Asset Management sold One Boca Place, a 286,890-square-foot office complex in Boca Raton, Florida, for $78.9 million. Golden East Investors acquired the property near Town Center at Boca.
Fri 3:55 PMHousing Wire
Rexford Industrial Realty sold 25 Southern California industrial properties totaling 5.5 million square feet for $1.3 billion during the third quarter. The sales included a previously announced $1.2 billion transaction, marking a sharp shift from the REIT's earlier role as one of the region's largest buyers.
Fri 3:25 PMHousing WireOct 26, 2026CNBC
Apollo to buy nearly 10% stake in Abu Dhabi-backed alternative asset manager Mubadala Capital
Summary
Apollo Global Management is set to acquire nearly 10% of Mubadala Capital, the alternative asset management arm backed by Abu Dhabi. The investment expands Apollo's presence in one of the world's most important pools of capital.
The stake gives Apollo a deeper foothold in Abu Dhabi without requiring full ownership of
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal shows how global asset managers are competing for long-term capital from Gulf sovereign investors.
Oct 26, 2026Bloomberg Markets
Belgian Deputy Prime Minister Open to BNP Paribas Stake Sale
Summary
Belgian Deputy Prime Minister David Clarinval said the government’s 5.7% holding in BNP Paribas is non-strategic and indicated it could sell part or all of the stake.
Belgium has signaled that it may monetize a large minority position in one of Europe’s
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The comments put a potentially multibillion-euro government stake into play.
Oct 26, 2026Housing Wire
UDR’s Apollo union is a ‘positive’: J.P. Morgan
Summary
J.P. Morgan views UDR’s partnership with Apollo positively. UDR will receive an asset management fee equal to 1.25% of Apollo’s equity contribution, or about $16.75 million.
The arrangement gives UDR fee income in addition to its real estate exposure, improving the
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal adds a visible fee stream that could support UDR’s earnings while expanding its access to institutional capital.
Oct 26, 2026Bloomberg Markets
Bain-Backed Surgery Partners Purchased in $5.7 Billion Deal
Summary
An affiliate of Bon Secours Mercy Health will acquire Surgery Partners for an enterprise value of $5.7 billion. The transaction gives the nonprofit hospital system a larger foothold in outpatient surgical care.
The deal shifts more outpatient surgery capacity into a nonprofit hospital system with the scale
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The acquisition accelerates consolidation in outpatient surgery and expands a major hospital system's influence beyond its own facilities.
2 stories · 2 sources
Oct 26, 2026Bloomberg Markets
Couche-Tard (ATD) Makes Bid Valuing Cumberland Farms Up to $8 Billion: Times
Summary
Alimentation Couche-Tard has submitted a new bid for Cumberland Farms that could value the company at as much as $8 billion, according to the Times. Analysts view the proposed combination as strategically logical.
A deal would give Couche-Tard a larger US convenience and fuel network and could add
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The offer could accelerate consolidation in convenience retail and materially expand Couche-Tard’s US footprint.
Oct 26, 2026Financial Times
EQT to buy Range Resources in natural gas megadeal
Summary
EQT plans to acquire Range Resources in a combination that would create the largest natural gas producer in the United States.
The deal would give EQT greater scale in a market shaped by rising power demand
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The transaction would reshape the US gas industry around a larger, more powerful producer.
Oct 26, 2026CNBC
Buy Tesla ahead of potential SpaceX merger, says Barclays
Summary
Barclays recommends buying Tesla shares ahead of a potential merger with SpaceX. The view treats the possible transaction as a source of additional value for Tesla investors.
The investment case now depends partly on a transaction that has not been confirmed, making
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Tesla's valuation could increasingly reflect a speculative corporate tie-up rather than its standalone auto and energy businesses.
Oct 26, 2026Financial Times
Tesla’s AI ambitions take flight as rivals race to keep up
Summary
A potential merger with SpaceX could give Tesla access to greater capital, technology and engineering resources as Elon Musk pushes the carmaker toward autonomous driving and software. The strategy aims to create new profit streams beyond vehicle sales.
The merger would tie Tesla’s AI strategy more closely to Musk’s broader technology empire and
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A SpaceX combination could reshape Tesla’s competitive position while increasing scrutiny of Musk’s control over the group.
Oct 26, 2026Financial Times
Kone tries to limit asset sales as it seeks Brussels’ approval for €29bn megadeal
Summary
Kone is seeking European Commission approval for its €29bn acquisition of TK Elevator while proposing to retain the target’s businesses in Spain and Portugal. The approach tests whether Brussels will accept a stronger regional competitor with narrower divestments.
Kone’s attempt to keep the Iberian assets signals that it wants to preserve the deal’s
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The ruling will determine whether European merger policy permits large industrial deals with limited regional remedies.
Oct 26, 2026WWD
EXCLUSIVE: Modus Sold to Ardmore Group, With Founder Julian Vogel Remaining a Consultant
Summary
Ardmore Group has acquired Modus, while founder Julian Vogel will remain as a consultant. The transaction gives Modus a new strategic owner and access to Ardmore’s complementary services as it enters its next growth phase.
Keeping Vogel involved should help preserve client relationships and institutional knowledge while Ardmore integrates Modus
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The acquisition shows how larger agency groups are using targeted deals to add capabilities and accelerate growth.
Oct 26, 2026WWD
EXCLUSIVE: The Center and Dr. Mamina Turegano Acquire Boscia Skin Care Brand
Summary
The Center and dermatologist Dr. Mamina Turegano have acquired Boscia and plan to relaunch the skin care brand. Their strategy combines Asian skin care traditions with updated formulations and medical expertise.
The acquisition gives Boscia new ownership and a clearer route to repositioning in a crowded
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Boscia’s sale reflects continued investor interest in reviving differentiated beauty brands through sharper clinical and cultural positioning.
Oct 26, 2026Bloomberg Markets
Ingenia Soars on Fresh $1.6 Billion Takeover Bid From AVID
Summary
Ingenia Communities Group shares surged after AVID Property Group Holdings made a $1.6 billion takeover bid for the Australian retirement-living operator. The offer escalates an emerging bidding contest for the company.
The new bid raises the immediate prospect of a higher sale price as competing buyers
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The offer could reset valuation expectations across Australia's retirement-living sector and force a decisive contest for control of Ingenia.
Oct 25, 2026PYMNTS
Instacart Holds Sale Talks With Rivals Uber and DoorDash
Summary
Instacart has approached Uber and DoorDash about a potential sale of its grocery delivery platform. Discussions with Uber are no longer ongoing, and the company is still evaluating strategic options.
Instacart's outreach signals that the company may be shifting from standalone growth toward a sale,
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A sale could reshape grocery delivery competition by placing Instacart's merchant network and logistics under a larger rival.
Oct 24, 2026Bloomberg Markets
Dalmore Said to Express Interest in Cinven-Owned UK Supplier JLA
Summary
Dalmore Capital is among the parties that have expressed interest in acquiring JLA Group, a UK supplier of commercial equipment and related services. JLA is owned by private equity firm Cinven.
Potential buyer interest puts JLA on a possible sale track and gives Cinven an opportunity
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The approach could give Cinven a route to monetize JLA while signaling investor appetite for recurring-revenue service businesses.
Oct 24, 2026WWD
Frasers Group Takes Control of Hugo Boss, With More than 50% of Shares
Summary
Frasers Group has increased its stake in Hugo Boss to 50.08%, giving it control of the German fashion company. Hugo Boss will now be treated as a subsidiary of Frasers.
Crossing 50% shifts Frasers from influential shareholder to controlling owner, giving it greater authority over
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Frasers now has direct control over a major international fashion brand, raising the prospect of changes to its strategy, operations, and capital allocation.
Oct 23, 2026PYMNTS
Polygon Secures US Money Transmitter Licenses
Summary
Polygon has completed its acquisition of Coinme, turning Polygon Open Money Stack into a US-regulated payments platform. The company says the deal expands its ability to support end-to-end onchain payment flows.
The acquisition gives Polygon regulated rails for moving money, not just blockchain infrastructure for settling
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Polygon is moving from infrastructure provider toward a regulated operator in the payments stack.
Oct 23, 2026Housing Wire
CP Group Sells Third Boca Raton Office for $79M
Summary
CP Group and Harrison Street Asset Management sold One Boca Place, a 286,890-square-foot office complex in Boca Raton, Florida, for $78.9 million. Golden East Investors acquired the property near Town Center at Boca.
The sale is CP Group's third Boca Raton office disposition, extending its retreat from the
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Repeated sales point to continued portfolio repositioning and investor selectivity in suburban office markets.
Oct 23, 2026Housing Wire
Rexford Sells $1.3B in SoCal Industrial Assets as Leasing Rebounds
Summary
Rexford Industrial Realty sold 25 Southern California industrial properties totaling 5.5 million square feet for $1.3 billion during the third quarter. The sales included a previously announced $1.2 billion transaction, marking a sharp shift from the REIT's earlier role as one of the region's largest buyers.
Rexford is now monetizing a major portion of its Southern California portfolio even as industrial
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The sales show that large owners are using stronger industrial conditions to harvest value rather than simply expand portfolios.
Last Week’s Recap
Oct 19 - 25, 2026
Merger Ambitions Met Formal Scrutiny and Rising Execution Risk
Oct 20 - Oct 22across 3 daysImpact
Tesla-SpaceX Merger Review
Tesla and SpaceX formalized committees to examine a possible merger, advancing the proposal from speculation into a corporate process. The companies still face unresolved valuation, governance, shareholder, regulatory and financing questions, and no transaction has been agreed.
8 threads
Dive DeeperRecent days
Walk back in time.
Sun, Oct 25No recap this day3 storiesSat, Oct 24No recap this day2 storiesFri, Oct 23Mega-deal stakes rise as governance disputes stop combinations13 storiesThu, Oct 22M&A Splits Between Bold Combinations and Regulatory Resistance26 storiesWed, Oct 21Tesla-SpaceX merger moves from speculation into formal review36 storiesTue, Oct 20Musk Puts Unprecedented Tesla-SpaceX Merger Under Independent Review27 storiesMon, Oct 19Big deals advance while disputes and financing risks reshape outcomes13 storiesSun, Oct 18Buyers pursue control of established financial and essential-service platforms9 storiesSat, Oct 17No recap this day2 storiesFri, Oct 16Regulatory clearance and scrutiny split the M&A day17 storiesThu, Oct 15Strategic buyers expand control across banking, technology, and industry28 storiesWed, Oct 14Major buyers pursued strategic platforms across media, banking, and finance26 storiesTue, Oct 13Distressed deals and buyouts define a crowded M&A day26 storiesMon, Oct 12M&A splits between distressed takeovers and heavier scrutiny22 stories
Make it yours
Build Your First Pass.
Pick your topics, set your cadence, and receive your personalized First Pass in your inbox. It’s that simple!