Intellizence highlight the Merger & Acquisition Deals trends for December 2022 in the most active sectors – technology, healthcare, banking & financial services, energy, and manufacturing.

Largest M&A Deals in December 2022

The top ten largest merger and acquisition deals across sectors were:

Major Sector-wise Merger and Acquisition Deals:

Banking, Private Equity & Financial Services

• JP Morgan signs deal for stake in fintech Viva Wallet for over $800 million.
• Hillenbrand announces divestiture of Batesville Casket Company, accelerating transformation, for $761.5 million.
• First Bank to acquire Malvern in a $149.5 million deal.
• Partners Group to buy a majority stake in Sunsure Energy for $400 million.
• Sun European Partners to buy K3 Capital in a deal valued at about $330 million.
• S&P Global acquires Shades of Green business from CICERO.

Healthcare

• Searchlight Pharma a private Canadian-based specialty healthcare company, to acquire Miravo Healthcare for $94.5 million.
• Berkeley Lights to acquire IsoPlexis, creating a premier functional cell biology company, for $57.8 million.
• Gilead to acquire all remaining rights to potential first-in-class immunotherapy gs-1811 from Jounce Therapeutics

Technology

• ABC Technologies Holdings has acquired Windsor Mold Group Technologies from the Bierer family for $165 million.
• Hexagon adds speed, scalability, and automation to digital twin creation with the acquisition of LocLab.
• Cantaloupe acquires Three Square Market (32M), accelerating the company’s micro market presence and international expansion, for $41 million.
• Meta acquires Luxexcel, a smart eyewear company.
• Dropbox has acquired FormSwift.
• IBM to acquire Octo.

Top Five SPAC Mergers Deals in December 2022

SPACs have become more mainstream on wall street today. So far, several companies have gone public through an IPO, direct listing, or SPAC in 2022.

• X-energy, a Leading Developer of Small Modular Nuclear Reactors and Fuel Technology for Clean Energy Generation, to Go Public via Business Combination with Ares Acquisition Corporation.
• Infinite Reality, Global Leader Delivering Immersive Digital Experiences, to Go Public Through Combination with Newbury Street Acquisition Corporation.
• Unique Logistics International has entered a merger agreement with Edify Acquisition Corp.
• NET Power to combine with Rice Acquisition Corp. II to accelerate the decarbonization of natural gas power generation.
• Lanvin Group and Primavera Capital Acquisition Corporation have entered a shareholder approval of business combination; trade debut expected on NYSE on December 15 Under Ticker “LANV”.

M&As Terminated

• Tivic Health and Reliefband Technologies, Terminate Acquisition Agreement.
• Intrinsic Medicine and Phoenix Biotech Acquisition Corp. Mutually Agree to Terminate the Business Combination Agreement.
• Circle and Concord Acquisition Corp Mutually Agree to Terminate the Proposed Business Combination.
• First Sound Bank Announces Termination of BMTX Merger.

Major M&A Deals that got Regulatory Approval

• Ritchie Bros. and IAA Announce Receipt of Regulatory Clearances for Proposed Merger.
• The First Bancshares, and Heritage Southeast Bancorporation, Announce Receipt of Regulatory Approvals for the Merger.
• Farmers National Banc Corp. and Emclaire Financial Corp. Announce Regulatory Approvals for Merger.