The Daily Buyout

Tuesday, September 29, 2026

The Daily Buyout

49 deals · $16B announced

Chips, planes and small-business banking led an unusually busy Monday-into-Tuesday of dealmaking. AMD put $8.2 billion of stock behind Fei-Fei Li's world-model startup, AAR agreed to build the world's largest heavy maintenance MRO, and an activist told Tata Motors its Iveco offer is too cheap. Here's the whole board.

Top deal of the day

AMD to buy Fei-Fei Li's World Labs for $8.2B in stock

$8.2BStrategic acquisitionTechnology

AMD agreed to acquire World Labs, the spatial-intelligence startup founded in 2024 by AI pioneer Fei-Fei Li, for $8.2 billion in stock, with closing expected by year end. AMD backed a $1 billion round in the company just seven months ago at a $5 billion valuation, alongside Nvidia. World Labs' models generate interactive 3D environments used to train robots and simulate factories.

Why it matters: AMD is buying model-level expertise to shape its AI hardware roadmap as compute demand shifts toward robotics, simulation and physical AI.

Read at SiliconANGLEFree
2
$4BStrategic acquisitionAerospace & Defense

AAR to take 65% of MRO Holdings at $4B enterprise value

AAR CORP. agreed to acquire a 65% controlling interest in MRO Holdings at an implied enterprise value of $4.0 billion, or 10.7x forecast 2026 adjusted EBITDA including $75 million of expected run-rate cost synergies. MRO Holdings employs roughly 10,000 people across 115 lines of airframe maintenance capacity in El Salvador, Mexico, Colombia and the US, with about 90% of revenue from US customers.

Read at PR NewswireFree
3
$1.3BSPACAerospace & Defense

Defense cyber firm RedLattice to go public via $1.25B SPAC merger

RedLattice will merge with Bold Eagle Acquisition Corp. to list on Nasdaq under ticker REDL at a $1.25 billion pre-money valuation, closing expected around year end. The deal could raise about $610 million absent redemptions, including $275 million of 4% convertible notes from Loomis Sayles and $60 million of common stock bought by AE Industrial and the sponsor. Revenue rose 29% to $267 million in the year to June 30.

Read at SiliconANGLEFree
4
$1.1BStrategic acquisitionAerospace & DefenseCompleted

TransDigm closes $1.07B cash buy of Prince & Izant

TransDigm completed its roughly $1.066 billion all-cash acquisition of Prince & Izant, a Cleveland-based maker of engineered brazing alloys and specialty metal components, from Industrial Growth Partners. The price includes certain tax benefits and was funded with cash on hand. P&I is expected to generate about $390 million of revenue in calendar 2026, mostly aftermarket, across nearly 10,000 active SKUs.

Read at PR NewswireFree
5
$664MTake-privateHealthcare & Life Sciences

Webster Equity to take Lifecore Biomedical private in deal worth up to $664M

Lifecore Biomedical agreed to be acquired by Webster Equity Partners in a transaction valued at up to $663.7 million, assuming full achievement of performance milestones. Shareholders receive $6.28 per share in cash at closing plus one non-tradable contingent right. Management framed the deal as funding the CDMO's next growth phase, with multiple customer programs potentially commercializing by the end of 2028.

Read at GlobeNewswireFree
6
$340MStrategic acquisitionFinancial Services

Valley National to buy small-business fintech Bluevine for $340M

Valley National Bank agreed to acquire Bluevine for $340 million, adding $2.1 billion in deposits that will transfer from partner bank Coastal Community Bank to the $66 billion-asset lender in the first half of 2027. Bluevine's 1.44% cost of deposits compares with Valley's 2.28%, and the deal brings about 180 R&D employees plus an AI-heavy platform that resolves roughly 80% of inbound inquiries automatically.

Read at Banking DiveFree
7
~$4.4BreportedStrategic acquisitionIndustrials & Manufacturing

Petrus tells Tata Motors its €14.10 Iveco offer undervalues the truckmaker

Petrus Advisers, holder of about 3.8% of Iveco Group, published a presentation arguing Tata Motors' all-cash voluntary tender offer at €14.10 per share does not represent fair value. The activist says the price undervalues Iveco versus peers, hands shareholders too little of the synergies Tata has touted to its own investors, and fails to compensate for the 15-month gap between announcement and expected closing.

Read at PR NewswireFree
8
~$476MreportedStrategic acquisitionFinancial ServicesCompleted

Nano Banc fails; Sunwest Bank assumes most assets and deposits

Irvine, California-based Nano Banc was closed Friday by state regulators, with the FDIC appointed receiver and Sandy, Utah-based Sunwest Bank agreeing to assume most of its assets, deposits and loans. Nano's single branch reopened Monday as a Sunwest location. Regulators cited deteriorating finances, a multi-year pattern of executive mismanagement and a $75.3 million net loss.

Read at Banking DiveFree

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