Intellizence highlights the Merger & Acquisition Deals trends for November 2022 in the most active sectors – technology, healthcare, banking & financial services, energy, and manufacturing.
Largest M&A Deals in November 2022
The top ten largest merger and acquisition deals across sectors were:
Acquiring Company Acquired Company Deal
Johnson & Johnson Abiomed $16.6 Billion
Royal Bank of Canada HSBC Banking Business in Canada $10.1 Billion
Poseidon Acquisition Corp. Atlas Corp. $10.9 Billion
VillageMD Summit Health-CityMD $8.9 Billion
Ritchie Bros. IAA $7.3 Billion
China Liberal Education Holdings Limited (Merger) AIWAYS Holdings Limited $5.5 Billion
Chart Industries Howden $4.4 Billion
Marathon Oil Ensign Natural Resources (Assets) $3 Billion
The Estee Lauder Companies TOM FORD Brand $2.8 Billion
Shell Nature Energy Biogas $2 Billion
Major Sector-wise Merger and Acquisition Deals:
Banking, Private Equity & Financial Services
- Bain Capital to acquire Japanese clothing firm Mash Holdings for $1.4 billion.
- Partners Group acquires EdgeCore Digital Infrastructure for $1.2 billion.
- Cinven to acquire TaxAct for $720 million.
- Washington Federal and Luther Burbank Corporation merge to form a $29 Billion Asset Western US Bank.
- Voya Financial to acquire Benefitfocus for $570 million.
Healthcare
- Werfen to acquire Immucor, expanding its presence in specialized diagnostics, $2 billion
- Merck to acquire Imago BioSciences, for $1.35 billion.
- Boston Scientific to acquire Apollo Endosurgery for $615 million.
- AstraZeneca to acquire Neogene Therapeutics for $320 million, accelerating ambition in Oncology cell therapy
- Arrowhead sells royalty interest in Olpasiran to Royalty Pharma for $250 million.
Technology
- PTC to acquire SaaS field service management provider ServiceMax for $1.46 billion.
- Digital Integrator Cohesive Group acquires Vetasi, a leading IBM Maximo Managed Services provider.
- Datametrex acquires Imagine Health centers.
- Adaptavist acquires software and consulting experts venITure.
Top Five SPAC Mergers Deals in November 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 a business combination with Ares Acquisition Corporation.
- Breeze Holdings Acquisition Corp., a SPAC, to merge with TV Ammo, an advanced technology manufacturing company aimed at disrupting the global ammunition industry. Following the closing, Breeze Holdings will be renamed True Velocity.
- Fintech Platform Qenta Inc., to list on Nasdaq through a merger with Blockchain Co-investors Acquisition Corp. I.
- U.K.-based electric two-wheeler manufacturer Zapp Electric Vehicles to become publicly traded on the Nasdaq via a merger with a blank-check company CIIG Capital Partners II, at a post-money valuation of $573 million.
- Liminatus Pharma LLC and Iris Acquisition Corp to combine to incorporate and accelerate much-needed cancer treatments.
M&As Terminated
- Paramount Global terminates deal to sell publisher Simon & Schuster to rival Penguin Random House.
- BBH announces termination of investor services transaction with State Street.
- Great Panther Mining terminates a share purchase agreement with Newrange Gold Corp.
- Tuscan Holdings Corp. II and Surf Air Mobility announce the mutual termination of the merger agreement.
- Steel Partners and Steel Connect announce the termination of the merger.
- DuPont announces termination of intended Rogers acquisition.
Major M&A Deals that got Regulatory Approval
- Chubb received regulatory approval to increase its Huatai Stake to 83.2%.
- New York Community Bancorp receives final regulatory approval for the acquisition of Flagstar Bancorp.
- CrossFirst Bankshares receives regulatory approval to complete the acquisition of Farmers & Stockmens Bank / Central Bank & Trust.
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