MarketsOpinion11 August 2026
Offshore law firms have already sold stakes to private equity. US Big Law is watching, waiting for someone else to go first. The legal industry's long immunity to outside capital is ending, but the terms remain deeply uncertain.
Private EquityLegal ServicesMergers and AcquisitionsArtificial IntelligenceUnited KingdomOpinion
Alexander Eklund11 min read
Read ArticleMarkets6 August 2026
Sony brings the money, Marvel brings the vibes and Peter Parker gets caught in the middle of Hollywood's most profitable frenemy saga.
Mergers and AcquisitionsMarvelBox Office
Manasvi Kommuri9 min read
Read ArticleMarketsGlobal Healthcare2 August 2026
Big Pharma is acquiring earlier and accepting greater scientific risk for unproven drugs. The driver is not confidence in the science but the fear of a rival securing the next blockbuster first, as a $300bn patent cliff bears down on the industry.
PharmaceuticalsMergers and AcquisitionsBiotechnologyPatent Cliff
Abdul Wasey Bhatti8 min read
Read ArticleMarkets24 July 2026
After decades of underinvestment, scientific setbacks and fading industry interest, psychiatry is showing signs of life again. Eli Lilly's acquisition of AtaiBeckley, worth up to $3.8 billion, signals renewed hope that the future of depression treatment may look very different from the past.
Eli LillyPsychedelicsMental HealthBiotechMergers and Acquisitions
Abdul Wasey Bhatti6 min read
Read ArticlePrivate Equity16 July 2026
EQT needed four bids to take Intertek private, and the sequence reveals less about price than about who now sets the value of a FTSE 100 company, and why London keeps losing profitable firms to private buyers.
Mergers and AcquisitionsFTSE 100UK EquitiesEQT
Abir Ghosh Biswas6 min read
Read ArticlePrivate Equity13 July 2026
Apollo has gatecrashed Castlelake's hard-won takeover of easyJet with a higher offer backed by the airline's board, setting up a bidding war over one of Europe's best-known low-cost carriers just months after a bruising first half of the year.
ApolloCastlelakeeasyJetAirlinesMergers and Acquisitions
Sonal Weerasekera7 min read
Read ArticleMarketsGlobal Healthcare10 July 2026
Vertex's $10 billion acquisition of Crinetics is about far more than adding another drug to its portfolio. It is a strategic bet on an endocrinology platform that could fuel the company's next phase of growth.
Vertex PharmaceuticalsCrinetics PharmaceuticalsBiotechnologyMergers and Acquisitions
Abdul Wasey Bhatti6 min read
Read ArticleMarketsPrivate Equity6 July 2026
A £5.7bn approach for DCC is as much a bet on the Irish conglomerate's years-long transformation into an energy distributor as it is a straightforward take-private deal, and it says as much about KKR's ambitions as it does about DCC itself.
KKRDCCEnergyMergers and Acquisitions
Sonal Weerasekera7 min read
Read ArticleMarketsPrivate Equity3 July 2026
From preferred equity deals for LP stakes to carried interest loans for executives, private equity is manufacturing liquidity at every level of the food chain. The exit market remains blocked. The workarounds are getting bigger.
Private EquitySecondariesCarried InterestLiquidityMergers and Acquisitions
Alexander Eklund7 min read
Read ArticleMarketsOpinion19 June 2026
Thoma Bravo's $5bn Medallia loss and EQT's £10.7bn Intertek acquisition tell the same story from opposite ends. Private equity's software bet has failed. The platform strategy is what comes next.
Private EquitySoftwareMergers and AcquisitionsEQTThoma Bravo
Alexander Eklund8 min read
Read ArticleMarkets17 June 2026
The proposed takeover highlights how ownership of digital platforms is becoming just as important as ownership of the content itself.
Fox CorporationRokuStreamingMergers and AcquisitionsConnected TV
Gaurav Bohra7 min read
Read ArticleMarketsPrivate Equity12 June 2026
Apollo's co-president warned of a private equity reckoning at SuperReturn in Berlin, then withdrew a £1.5bn bid for Bodycote two days later. The contradiction tells you everything about where the industry stands.
Private EquityApolloUnited KingdomMergers and AcquisitionsSpaceX
Alexander Eklund6 min read
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