The Daily Buyout

Tuesday, November 10, 2026

The Daily Buyout

49 deals · $5.6B announced

Illustration for the top deal in this edition

A rival bidder has forced Surgery Partners and HealthSpan Partners back to the table, and it leads a busy day of contested deals. Elsewhere, KPS strikes a €2.4 billion packaging carve-out, a Canadian pension buys half of Enercare and Curaleaf clears its last regulatory hurdle in the Aurora fight.

Top deal of the day

Surgery Partners amends HealthSpan buyout after unsolicited rival bid

UndisclosedTake-privateHealthcare & Life Sciences

Surgery Partners and HealthSpan Partners, an affiliate of Bon Secours Mercy Health, have amended their previously announced merger agreement. The change follows Surgery Partners' receipt of an unsolicited competing proposal from an unnamed third party. Surgery Partners is a short-stay surgical facility owner and operator.

Why it matters: A rival bidder has turned a signed take-private into a contested situation, pushing the agreed buyer to improve its terms.

Read at Business WireFree
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2
$25MStrategic acquisitionTechnology

Enghouse to buy MIND CTI for $1.30 a share in cash

Enghouse Systems will acquire Nasdaq-listed MIND C.T.I., a provider of telecom billing and enterprise UC analytics software, for US$1.30 per share in cash, about $25.4 million in equity value and a 42% premium to the 30-day VWAP. MIND CTI can shop for better offers until December 10, with a $1 million break fee. Closing is expected in Q1 2027.

Read at PR NewswireFree
3
$2.8BPrivate equity buyoutMaterials & Chemicals

KPS buys MM Packaging from Mayr-Melnhof at €2.4B enterprise value

KPS Capital Partners signed a deal to acquire MM Packaging from Mayr-Melnhof Karton for an enterprise value of €2.4 billion, with MM Group keeping a 30% stake. The Vienna-based maker of folding cartons, labels and leaflets runs more than 50 plants in 19 countries with about 8,500 employees. It will become a standalone company.

Read at PR NewswireFree
4
$1.6BPrivate equity buyoutConsumer & Retail

PSP Investments buys 50% of Enercare from Brookfield for $1.6B

Canada's PSP Investments agreed to acquire a 50% interest in Enercare from Brookfield and its institutional partners for $1.6 billion. Enercare provides water heaters, HVAC equipment, water purification and protection plans to more than 1.4 million Canadian homes and businesses. PSP has co-invested in Enercare alongside Brookfield since its 2018 privatization.

Read at PR NewswireFree
5
$550MStrategic acquisitionHealthcare & Life Sciences

Argenx buys peptide developer Unnatural Products for $550M upfront

Argenx will pay $550 million upfront to acquire California-based Unnatural Products, in a deal that could reach about $1 billion. The target's macrocyclic peptide platform will be used to develop oral, durable medicines for immune-mediated diseases. Argenx already held a minority stake after more than two years of collaboration.

Read at BioPharma DiveFree
8
UndisclosedStrategic acquisitionTechnology

Siemens to buy chip debug specialist Lauterbach

Siemens signed an agreement to acquire Lauterbach, a provider of hardware-assisted debuggers and real-time trace tools for embedded software and complex system-on-chip designs. Siemens plans to combine Lauterbach's tools with its hardware-assisted verification portfolio. Financial terms were not disclosed.

Read at PR NewswireFree

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