The Daily Buyout

Tuesday, October 13, 2026

The Daily Buyout

34 deals · $2.8B announced

A quantum computer maker shopping for cybersecurity leads a busy Tuesday, while Starbucks shuts down the restaurant megadeal chatter. Below that: private equity spending on stretch film and European truck fleets, a contentious utility merger hearing, and a long tail of add-ons from HVAC to portable toilets.

Top deal of the day

IonQ to buy cybersecurity startup Elisity for up to $1.3B in stock

$1.3BStrategic acquisitionTechnology

Quantum computer maker IonQ agreed to acquire Elisity, whose software maps devices on corporate networks and auto-generates safer access policies, for $1.3 billion. The all-stock price includes $150 million in milestone-based performance incentives, and the deal is expected to close by year-end.

Why it matters: It extends IonQ's push into security beyond last year's ID Quantique purchase, pairing quantum encryption hardware with Zero Trust network software.

Read at SiliconANGLEFree

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2
UndisclosedStrategic acquisitionConsumer & RetailRumored

Starbucks says it is not buying Chipotle after takeover reports

"Starbucks is not buying Chipotle," a spokesperson told CNBC, denying a Financial Times report that the coffee chain had worked with advisors on a takeover proposal. Chipotle shares fell nearly 4% on the denial while Starbucks rose about 1%; Chipotle had reportedly hired advisors to fend off activists or an unwanted bid.

Read at CNBCFree
4
€1B revenuePrivate equity buyoutTransportation & Logistics

Asterion in exclusive talks to buy truck lessor Fraikin

Fraikin's majority owners Benefit Street Partners, Värde Partners and Canyon Partners entered an exclusive agreement with Asterion Industrial Partners over a contemplated acquisition of the pan-European commercial vehicle leasing group. Fraikin generates about €1 billion in revenue and runs a fleet with a gross book value of roughly €3 billion; no price was disclosed.

Read at PR NewswireFree
5
~$67BreportedMergerEnergy & Utilities

Virginia officials push back on Dominion-NextEra merger at hearing

At a Virginia State Corporation Commission public hearing, most state and local officials urged regulators to deny the Dominion-NextEra merger or attach conditions on rates and data center cost allocation. Lt. Gov. Ghazala Hashmi said the deal is not in Virginians' best interest; the SCC's evidentiary hearing starts Nov. 17, with a decision due in January.

Read at Utility DiveFree

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