With 171 deals added to our databases in the last week to Wednesday, it’s some of the larger situations that are setting the market tone – from Adobe’s drawn-out Figma antitrust clearance timetable to Intrado’s USD2.4bn safety unit carve out landing after its sale process stalled over the summer.

And with the fourth quarter looming large, chatter is already turning to how this year’s backlog of M&A and private equity-backed IPO exits will work their way through the pipeline in 2023.

In the US, we have selected our top five active processes from our pipeline of upcoming transactions curated by Manu Rajput. The deals lining up include Fresh Del Monte Produce and The Lycra Company.

Final bids were being collected for Cobham Advanced Electronic Solutions' space business with strategics interested in the asset, wrote Richard Tekneci and Kezia Joseph.

Last week, Kevin Ketcham and Kevin McCaffre gave a fast reaction to Adobe’s largest ever deal, its USD 20bn swoop on software firm Figma, noting the announcement’s wiggle room on timing could signal lengthy antitrust procedures ahead.

Talking of chunky transactions, Charlie Taylor-Kroll and Santosh Shetty analysed how Deutsche Telekom’s EUR 10bn tower company deal from July triggered bankers' hopes of the next TMT mega deal in EMEA.

In Asia, the huge depreciation in the Japanese yen has been spurring sponsor activity in the country, writes Anjali Piramal. Meanwhile Likha Cuevas and Ryuya Shiga write that Japanese trading house Marubeni is seeking a joint venture partner for South East Asia buyout fund.

Conference season is also in full swing, with many of our reporters in the field meeting sources and attending events this week. From our own Mergermarket M&A Forum in Chicago, highlights included a keynote interview with Citi's Co-Head of Global M&A Cary Kochman and a panel exploring how M&A can drive digitization strategies.

I hope you enjoy this week’s briefing, and would love to hear your feedback, deal tips and suggestions.

Lucinda Guthrie

Executive Editor, Mergermarket

Lucinda.Guthrie@iongroup.com

News & analysis

Top 5 US M&A Active Deal Pipeline: 12 – 19 September
DATA INSIGHT AMERICAS
This is an extract of the top 5 anticipated deals by financial valuation metrics from the US Deal Pipeline, a weekly report that compiles market intelligence from...

Cobham Advanced Electronic Solutions' space unit attracts strategics as it calls for final bids, sources say
BREAKING NEWS AMERICAS
Advent International is collecting final bids in the sale of Cobham Advanced Electronic Solutions' space business this week, said three sources...

NCR opts for split, Adobe’s rather lofty Figma valuation, DoJ sues to block Spectrum Brands’ HHI sale
NEWS ANALYSIS AMERICAS
Despite the attempt to deliver a review that shareholders were happy with, NCR [NYSE:NCR] has once again disappointed. Last evening...

Tower of strength: Deutsche Telekom’s infra mega-deal triggers towerco mania
DATA ANALYSIS EMEA
Deutsche Telekom [ETR:DTE] received an eye-watering EUR 10bn for a 51% stake in its tower company in July, capturing...

Bucking the trend: Japan lures record investment from financial sponsors
DATA INSIGHT APAC
Global financial sponsor (FS)-led investment is in the doldrums, slumping 26% in the year-to-date, but in Japan, it is a different story. While...

Marubeni looking for JV partner to form Southeast Asia-focused buyout fund
BREAKING NEWS APAC
Japanese trading house Marubeni [TYO: 8002] is looking for a joint venture partner to form a...

Europe’s TMT activity has been exciting for dealmakers, here’s why…
PODCAST EMEA
In this week’s episode we’re looking at TMT activity across Europe in 2022. Joining Julie-Anna Needham is...

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