The Daily Buyout

Tuesday, October 6, 2026

The Daily Buyout

97 deals · $65.2B announced

Industrial software just got its biggest price tag ever, and that's only the start of a loaded Tuesday. Canada is building a utility giant, Hollywood is getting a new conglomerate, and private equity is still writing nine- and ten-figure checks. Here's the full flow.

Top deal of the day

Schneider Electric to buy PTC for $23.7B in all-cash industrial software deal

$23.7BStrategic acquisitionTechnology

Schneider Electric announced plans to acquire engineering software maker PTC Inc. for $23.7 billion in cash, valuing the company at $205 per share — a 42% premium to its last close. PTC is best known for Creo, the design and simulation suite used by engineers building car parts and medical devices, alongside Mathcad, Codebeamer and the Orbit equipment-monitoring tool.

Why it matters: Schneider's hardware-management software portfolio gains the product-development layer, pushing one of the world's largest industrial companies deeper into the software stack manufacturers rely on.

Read at SiliconANGLEFree
2
~$14.3B for CUMergerEnergy & Utilities

Emera and Canadian Utilities agree to merger of equals, with ATCO spinoff

Emera, ATCO and Canadian Utilities announced a definitive agreement to combine Emera and Canadian Utilities in a merger of equals, creating a Canadian utility and energy infrastructure group spanning Alberta, Atlantic Canada and Florida. Reports describe an all-share structure, with ATCO spinning off its industrial services unit. Reported deal figures vary widely by measure, from roughly $14.3 billion for Canadian Utilities to far larger combined-enterprise numbers.

Read at Business WireFree
3
1/3 of basic cableStrategic acquisitionMedia & TelecomCompleted

Paramount closes its hard-fought takeover of Warner Bros. Discovery

David Ellison's Paramount Skydance is set to close its acquisition of Warner Bros. Discovery on Tuesday after a year of rejected offers, a bidding war, multiple regulatory approvals, an antitrust challenge from state attorneys general and a settlement. The combined group will be renamed Skydance and trade under ticker "SKYD," controlling two storied film studios and nearly a third of basic cable programming.

Read at CNBCFree
5
$5.1BPrivate equity buyoutFinancial Services

KKR to buy fund administrator Gen II for more than $5B from Hg and General Atlantic

KKR agreed to acquire Gen II Fund Services, a global leader in private capital fund administration, at a total enterprise value of $5.1 billion. The firm is buying Gen II from Hg, General Atlantic and other minority investors through its Core Private Equity strategy. CEO Steven Millner and the existing leadership team will continue to run the business.

Read at Business WireFree
7
$2BStrategic acquisitionHealthcare & Life Sciences

Shionogi pays $2B for rare disease biotech IntraBio

Japan's Shionogi agreed to acquire Texas-based IntraBio for $2 billion, adding the marketed drug Aqneursa for Niemann-Pick disease type C and Ataxia-Telangiectasia. IntraBio reported sales of $68 million in 2025. The purchase follows Shionogi's acquisitions of Radicava and Tetra Therapeutics as it builds out a rare neurodegenerative disease franchise.

Read at BioPharma DiveFree
8
$945MStrategic acquisitionHealthcare & Life Sciences

GE HealthCare to buy SOFIE Biosciences for $945M from Trilantic

GE HealthCare agreed to acquire SOFIE Biosciences, a U.S. contract manufacturer of PET radiopharmaceuticals, from Trilantic North America for $945 million in cash. SOFIE operates 15 CMO sites and already manufactures GE HealthCare's Flyrcado F18 product; it will join the PDx pharmaceutical diagnostics segment on closing, expected in the first half of 2027. GE HealthCare also gains U.S. rights to pipeline tracer FAPI-74.

Read at Business WireFree
9
$2.3BStrategic acquisitionTechnology

Uber to buy ezCater for $2.3B, adding catering to Uber Eats

Uber Technologies has agreed to acquire ezCater, the leading U.S. platform for catering and workplace meals, in an all-cash transaction valued at $2.3 billion. ezCater's platform lets businesses order from more than 140,000 restaurants nationwide, supporting meetings, events and recurring enterprise catering programs. The deal pushes Uber Eats deeper into the corporate meal market.

Read at Business WireFree
10
$5.8BTake-privateHealthcare & Life Sciences

CD&R and McKesson to take Option Care Health private at $5.8B value

CD&R and McKesson signed a definitive agreement to acquire Option Care Health, an independent provider of home and alternate site infusion services, for $32.05 per share in cash, reflecting a total enterprise value of about $5.8 billion. The Nasdaq-listed company will be taken private through the joint private equity and strategic partnership.

Read at Business WireFree
13
230+ communitiesPrivate equity buyoutReal Estate

BDT & MSD to acquire Sunrise Senior Living from PSP Investments

Funds affiliated with merchant bank BDT & MSD Partners agreed to acquire a majority stake in Sunrise Senior Living from the Public Sector Pension Investment Board, partnering with CEO Jack R. Callison, Jr. and the senior leadership team. Sunrise operates more than 230 communities across the U.S. and Canada serving over 22,000 residents, with a development pipeline of more than 50 communities costing roughly $7.5 billion. Terms were not disclosed.

Read at PR NewswireFree
15
$154MMergerFinancial Services

TowneBank to acquire North Carolina's blueharbor bank for $154M

TowneBank signed a definitive merger agreement to acquire Mooresville-based blueharbor bank for approximately $154 million, based on TowneBank's 10-day volume-weighted average price of $36.15 as of October 2. blueharbor had roughly $628 million in total assets, $537 million in loans, $551 million in deposits and five offices as of June 30, 2026.

Read at GlobeNewswireFree
16
~$1.5BreportedStrategic acquisitionHealthcare & Life SciencesCompleted

Repligen completes acquisition of BioLife Solutions

Repligen Corporation has closed its previously announced acquisition of Nasdaq-listed BioLife Solutions, a developer of cell processing tools and biopreservation media for the cell and gene therapy market. BioLife's CryoStor-led portfolio supports 18 commercially approved therapies and the majority of U.S. commercially sponsored cell-based trials, adding what Repligen calls a high-margin consumables business with recurring revenue to its bioprocessing lineup.

Read at GlobeNewswireFree
17
~$375MreportedTake-privateHealthcare & Life SciencesCompleted

Altaris completes take-private of Simulations Plus

Simulations Plus, the Nasdaq-listed developer of model-informed and AI-accelerated drug development software, announced the completion of its acquisition by affiliates of healthcare-focused investment firm Altaris. The transaction was originally announced on June 16, 2026, and shares of the company were converted at the effective time of the merger.

Read at Business WireFree
18
4th exit of 2026Private equity buyoutIndustrials & ManufacturingCompleted

Sterling Group Foundation Fund buys rigging maker Slingmax from River Associates

The Sterling Group's lower middle market Foundation Fund has acquired Slingmax Group, an Aston, Pennsylvania-based manufacturer and distributor of engineered slings and rope solutions for lifting, pulling and securing. Seller River Associates built the platform from Yale Cordage in 2020, adding I&I Sling and Slingmax in 2023 and Wisconsin Lifting Specialists in June 2026; the deal closed September 30 and is River's fourth exit of 2026.

Read at PR NewswireFree

Other deals this day79 more

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