The Daily Buyout

Wednesday, October 28, 2026

The Daily Buyout

45 deals · $24B announced

Food delivery could get a lot more concentrated: DoorDash is reportedly in advanced talks to buy Instacart for about $17 billion. Elsewhere, GE Vernova moves on high-voltage grid equipment, a private equity firm tries to break up an RV-parts merger, and EnerSys pays a 166% premium for Ultralife. Here's the full rundown.

Top deal of the day

DoorDash in advanced talks to buy Instacart for about $17B

$17BStrategic acquisitionConsumer & RetailRumored

DoorDash is in advanced talks to acquire Instacart for roughly $17 billion, according to a Wall Street Journal report. Instacart parent Maplebear was worth about $13 billion at Friday's close. Instacart shares rose about 8% Monday while DoorDash fell about 6%. No deal has been announced, and Instacart had also held sale talks with Uber.

Why it matters: A deal would combine two of the biggest U.S. delivery platforms, and Instacart's earlier talks with Uber show the grocery-delivery leader was drawing more than one suitor.

Read at CNBCFree

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2
€1B+ revenueStrategic acquisitionEnergy & Utilities

GE Vernova to buy grid-equipment maker Trench Group from Triton

GE Vernova has signed an agreement to acquire Trench Group, a global leader in high-voltage grid equipment, from investment firm Triton Partners. Trench has doubled annual revenue to more than €1 billion since becoming independent in April 2024 and runs 11 factories in 8 countries with 3,000-plus employees. Price and timing were not disclosed.

Read at Business WireFree
3
$101/share offerPrivate equity buyoutIndustrials & ManufacturingRumored

Monomoy makes $101-a-share bid for LCI, challenging Patrick merger

LCI Industries confirmed an unsolicited, non-binding proposal from Monomoy Capital Partners to buy it for $101 per share in cash. LCI agreed in June to an all-stock merger with Patrick Industries; its board says it has not changed its recommendation of that deal. Patrick reaffirmed the merger agreement and said it will monitor developments.

Read at Business WireFree
4
$730MStrategic acquisitionTechnology

CoStar to buy aerial-imagery firm Vexcel for about $730M cash

CoStar Group has agreed to acquire Vexcel Group, operator of one of the world's largest survey-grade aerial imagery programs, for approximately $730 million in cash. CoStar plans to use the imagery to power richer search and discovery across its real estate marketplaces with tens of billions of AI-derived data fields.

Read at Business WireFree
5
$1.4BStrategic acquisitionHealthcare & Life Sciences

Ferring to acquire IVF startup Gameto for up to $1.4B

Swiss drugmaker Ferring Pharmaceuticals agreed to buy fertility startup Gameto in a deal worth up to $1.4 billion, including undisclosed upfront payments plus development, regulatory and sales milestones. Gameto's Fertilo uses stem cell-derived ovarian support cells to mature eggs outside the body; it is cleared in Australia and parts of Latin America and in Phase 3 in the U.S.

Read at BioPharma DiveFree
7
$400MDivestiture / carve-outIndustrials & Manufacturing

A. O. Smith sells 81% of its China business to CPE

A. O. Smith agreed to sell an 81% interest in its China business to alternative asset manager CPE, valuing the unit at about $400 million cash-free, debt-free, or more than $500 million including brand-licensing royalties. A. O. Smith keeps 19%, will repatriate about $80 million of cash, and plans to prioritize buybacks.

Read at PR NewswireFree

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