Intellizence highlights Merger & Acquisition Deals trends for November 2021. The most active sectors were technology, healthcare, banking & financial services, energy, and manufacturing.
Largest M&A Deals in November 2021
The top ten largest merger and acquisition deals across sectors were:
Acquiring Company Acquired Company Deal
Roche Novartis (Roche stake) $20.7 Billion
Hellman & Friedman and Bain Capital AthenaHealth $17.0 Billion
KKR & Co. & Global Infrastructure Partners CyrusOne $15.0 Billion
An Investor Group McAfee $14.0 Billion
CVC Capital Partners and HPS Investment Partners Authentic Brands $12.7 Billion
American Tower Coresight $10.1Billion
Telenor CP Group (merger) $8.6 Billion
DoorDash Wolt $8.1 Billion
Viasat Inmarsat $7.3 Billion
Major Sector-Wise Merger and Acquisition Deals
Banking & Financial Services
- Private equity firm Baring Private Equity Asia (BPEA) to buy Tricor Group from buyout group Permira in a deal valuing the business expansion specialist at $2.76 billion.
- Permira to sell DiversiTech, supplier of critical Heating, Ventilation, Air Conditioning/Refrigeration “HVAC/R” Parts, Supplies and Accessories, to Partners Group for $2.2 Billion.
- R.R. Donnelley & Sons (RRD) to be acquired by affiliates of Atlas Holdings for $2.1 billion.
- Allegiance Bancshares, the holding company of Allegiance Bank, have combined in an all-stock merger with CBTX, with an equity market capitalization of approximately $1.5 billion.
- Athene, a retirement services company, and Apollo to acquire a majority stake in fast-growing consumer lending platform Aqua Finance at a valuation of approximately $1 billion
- Simmons First National Corporation will acquire Spirit of Texas Bancshares in a transaction value of approximately $581 million.
- CooperCompanies has acquired Generate Life Sciences from private equity firm GI Partners for $1.6 billion.
- Coloplast has acquired Atos Medical, the global market leader in laryngectomy, for EUR 2,155 million.
- France’s Anjac to acquire Apollo Healthcare for CAD$327 million.
- Industrial technology company EnPro has acquired semiconductor component maker NxEdge for $850 million.
- Generac Holdings, a global designer, manufacturer and provider of energy technology solutions has acquired ecobee, a manufacturer of sustainable smart home solutions for $770 million.
- Church & Dwight Co., the leading U.S. producer of sodium bicarbonate has acquired the TheraBreath, the oral-health care brand in America for $580 million.
- Interfor Corporation has acquired EACOM Timber Corporation for CAD $490 million.
- Unity Technologies to acquire the visual effects company Weta Digital, specifically its artist tools, core pipeline, intellectual property, and award-winning engineering talent for $1.6 billion.
- nCino, a pioneer in cloud banking and digital transformation solutions to acquire SimpleNexus in a transaction valued at approximately $1.2 billion.
- Zix Corporation, a cloud email security, threat protection and compliance cloud solutions to be acquired by OpenText, an Information Management solutions provider, for $860 million.
- GB Group, the experts in digital location, identity and identity fraud software, to acquire Acuant, a leading identity verification and KYC/AML compliance provider, for $736 million.
- Unilever to sell its Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 billion.
Top Five SPAC Mergers Deals in November 2021
SPACs have become more mainstream on wall street today. So far, several companies have gone public either through an IPO, direct listing, or SPAC in 2021.
- Bitdeer, a world-leading technology company for the cryptocurrency mining, to list on the NASDAQ through merger with Blue Safari Group Acquisition Corp at an enterprise value of $4 billion.
- Bitcoin Self-Miner Griid Infrastructure to list on the NYSE via a merger with Adit Edtech Acquisition Corp., a SPAC, in a combined enterprise value of approximately $3.3 billion.
- SoundHound, a global leader in voice artificial intelligence to become publicly traded through proposed merger with Archimedes Tech SPAC Partners Co. at a pro-forma enterprise value of approximately $2.1 billion.
- Military veteran-focused Black Rifle Coffee, a military- and firearms-themed coffee producer and coffee-bar operator, is going public via merger with special purpose acquisition company SilverBox Engaged Merger Corp. (SBEA) in a $1.7 billion deal.
- TradeStation Group to become a public company through a business combination with Quantum FinTech, a blank check company, at a combined enterprise value of approximately $1.43 billion.
Major M&As Terminated
- Valo Health, the technology company using human-centric data and artificial intelligence (AI) powered computation to transform the drug discovery, and Khosla Ventures Acquisition Co., a SPAC, have mutually agreed to terminate their plan of merger.
- Hennessy Capital Investment Corp. V, and self-driving truck technology company Plus, have mutually agreed to terminate the business combination agreement.
Major M&A Deals that got Regulatory Approval
- Citizens Business Bank receives regulatory approvals to acquire Suncrest Bank.