The Daily Buyout

Thursday, October 1, 2026

The Daily Buyout

47 deals · $6.3B announced

Quarter-end brought a flurry of closings. Nuveen swallowed Schroders to create a $2.6 trillion asset manager, Warner Bros. Discovery pinned a date on its Paramount payday, and a $2.62 billion gas utility changed hands in Ohio. Here's the whole day's deal flow.

Top deal of the day

Nuveen closes Schroders deal, creating a $2.6 trillion asset manager

~$13.5BreportedStrategic acquisitionFinancial ServicesCompleted

Nuveen completed its acquisition of UK-based Schroders, forming what the firms call the only manager with top-ten global positions in active equities, active fixed income and private markets. The combined business oversees $2.6 trillion in assets across institutional and wealth channels and operates in more than 40 markets, with continued backing from Nuveen parent TIAA.

Why it matters: The tie-up creates one of the largest active managers in the world at a moment when scale and private-markets reach are the price of entry.

Read at PR NewswireFree
3
$2.6BDivestiture / carve-outEnergy & UtilitiesCompleted

National Fuel closes $2.62B purchase of CenterPoint's Ohio gas utility

CenterPoint Energy completed the $2.62 billion sale of Vectren Energy Delivery of Ohio to National Fuel Gas, which will rename the business National Fuel Gas Distribution of Ohio. The assets include about 5,900 miles of pipeline serving roughly 335,000 customers in West Central Ohio. The deal doubles National Fuel's utility rate base and lifts its customer count to about 1.1 million.

Read at PR NewswireFree
4
$728MMergerFinancial Services

Peoples Bancorp to buy Capital Bancorp for $728M in all-stock deal

Marietta, Ohio-based Peoples Bancorp agreed to acquire Rockville, Maryland's Capital Bancorp in an all-stock deal valued at $728.1 million, or $43.75 per share, with Capital holders receiving 1.11 Peoples shares each. The combination, Peoples' second deal of 2026, creates a roughly $14 billion-asset bank with $11 billion in deposits and more than 150 locations across eight states and Washington, D.C.

Read at Banking DiveFree
5
$1.1BStrategic acquisitionAerospace & DefenseCompleted

TTM Technologies closes $1.1B all-cash buy of Epiq Solutions

TTM Technologies completed its acquisition of EPIQ Design Solutions for $1.1 billion in cash, subject to customary closing adjustments. Epiq supplies open-architecture, AI-enabled software-defined radios, high-performance RF products and radiation-tolerant space compute used in signals intelligence and electronic warfare. TTM expects the business to be immediately accretive to adjusted EBITDA and accretive to non-GAAP EPS in 2028.

Read at GlobeNewswireFree
6
~$6.6BreportedStrategic acquisitionBusiness Services

Brink's offers UK ATM divestiture to clear CMA review of NCR Atleos deal

Brink's said it will propose selling its NoteMachine/TestLink UK business after the UK Competition and Markets Authority issued a fast-track Phase 1 decision on its pending acquisition of NCR Atleos, citing overlap with Atleos' Cardtronics UK operations. Brink's said the remedy was already baked into its disclosed financials and does not change $200 million of expected run-rate synergies; the deal remains on track to close early in Q1 2027.

Read at GlobeNewswireFree
7
48 concrete plantsDivestiture / carve-outMaterials & Chemicals

Vicat in exclusive talks to buy Cemex's southeast France concrete business

France's Vicat signed a memorandum of understanding to acquire Cemex's ready-mix concrete and aggregates subsidiaries in south-eastern France, covering 48 concrete plants, nine aggregates quarries, related services and certain joint-venture interests across the Rhône Valley and PACA region. Completion is targeted before December 31, 2026, subject to works council consultation and competition approval.

Read at GlobeNewswireFree
8
$48.30/share bidStrategic acquisitionConsumer & RetailRumored

MGM CEO won't rule out a bid for Barry Diller's People Inc.

MGM Resorts CEO Bill Hornbuckle said the casino group will pursue whatever unlocks value for shareholders when asked whether it might acquire People Inc., days after the Diller-controlled media company withdrew its $48.30-per-share proposal to buy the rest of MGM. People Inc. owns roughly 27% of MGM and remains its largest shareholder; MGM shares traded near $32 before the remarks.

Read at CNBCFree
9
$1.8BStrategic acquisitionIndustrials & ManufacturingCompleted

nVent closes $1.75B acquisition of data center power specialist Maverick Power

nVent Electric has completed its purchase of Maverick Power for $1.75 billion in cash, subject to customary adjustments, with up to $550 million in additional consideration tied to 2027 and 2028 performance targets. McKinney, Texas-based Maverick builds engineered power distribution and infrastructure systems for data centers and employs roughly 900 people across Texas and Arizona.

Read at GlobeNewswireFree
10
UndisclosedStrategic acquisitionTechnologyCompleted

Bose buys Firelight Technologies, maker of game audio engine FMOD

Bose Corporation has acquired Firelight Technologies, the developer behind FMOD, an interactive audio software platform widely used by game developers. Financial terms were not disclosed. Bose said FMOD will remain open and broadly supported, and the company plans continued investment in the platform while exploring applications in VR/AR and automotive.

Read at PR NewswireFree
11
600 professionalsStrategic acquisitionBusiness Services

WSP to acquire GCM Corpo, adding 600 engineers in Canadian energy

WSP Global has agreed to buy GCM Corpo, a Canadian engineering consulting and specialist services provider to the energy and industrial sectors with roughly 600 professionals across Québec, Western and Atlantic Canada. Part of the purchase price will be paid in WSP common shares to sellers, including the Fonds de solidarité FTQ, GCM Corpo's largest shareholder. Terms were not disclosed.

Read at GlobeNewswireFree
12
$14MDivestiture / carve-outEnergy & Utilities

NANO Nuclear to buy Radnostix's DUF6 and fluorine assets for $13.5M

Radnostix, formerly International Isotopes, signed a definitive asset purchase agreement to divest its U.S. nuclear fuel processing assets to NANO Nuclear Energy and subsidiary HALEU Energy Fuel. Consideration is $9.5 million in cash plus $4.0 million in NANO stock at closing. The package includes an NRC Part 40 license for a never-built Lea County, New Mexico facility, patents and engineering work.

Read at PR NewswireFree
13
2,500 generatorsStrategic acquisitionIndustrials & ManufacturingCompleted

Finning buys UK generator rental firm John F Hunt Power

Finning International has acquired John F Hunt Power Group, one of the UK's larger specialist generator rental companies, with 145 employees, about 2,500 generator units and six depots providing nationwide 24/7 coverage. Terms were not disclosed. Finning said the deal is projected to more than triple its power rental revenue in the UK and Ireland.

Read at GlobeNewswireFree
14
$13MDivestiture / carve-outHealthcare & Life SciencesCompleted

SpyGlass Pharma pays $13M for Santen's intraocular lens maker AVS

SpyGlass Pharma acquired all outstanding shares of Advanced Vision Science, an ophthalmic device maker and intraocular lens manufacturer, from Santen Pharmaceutical for roughly $13 million in cash. AVS already supplies the IOL used in SpyGlass's two Phase 3 trials, and will remain Santen's exclusive IOL supplier in Japan while continuing to license lens material to Bausch + Lomb.

Read at GlobeNewswireFree
15
$1B+ raisedSPACFinancial Services

Evernorth SPAC merger approved, raising over $1B for XRP treasury play

Armada Acquisition Corp. II shareholders approved its business combination with Evernorth at a September 30 meeting. The transaction is expected to raise about $300 million in gross cash proceeds, including $225 million from private placements, $30 million of convertible notes and roughly $48 million of trust proceeds, with investors also contributing XRP in kind. Closing is expected October 7, with Nasdaq trading as XRPN from October 8.

Read at PR NewswireFree

Other deals this day32 more

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