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Deal Dispatch: Starbucks Eyes China Sell-Off, Li-Cycle Powers Down, VCs Tackle 49ers Stake
Friday, May 16, 2025 - 2:31pm | 7 min readNew On The Block Starbucks (NASDAQ:SBUX) is brewing up some big decisions for its China business, including a potential stake deal that could fetch several billion dollars. The coffee giant has been quietly chatting with tech firms and private equity players, hoping someone might want a sip of its...
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Deal Dispatch: Chef Boyardee, Crumbl Appear Tasty To Buyers While Bankruptcies Tick Upward
Friday, May 2, 2025 - 3:27pm | 6 min readNew On The Block TSG Consumer Partners is reportedly eyeing a sweet deal—a minority stake in Crumbl, the Utah-based cookie empire that could be worth a jaw-dropping $2 billion. Meanwhile, Blackstone and Golub Capital are cooking up something too, whipping together a $500 million unitranche loan to...
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Deal Dispatch: Jack In The Box To Dump Del Taco, Fyre Brand Hits Auction Block, Bertucci's Bites Bankruptcy Bullet (Again)
Friday, April 25, 2025 - 3:07pm | 4 min readNew On The Block Jack in the Box (NASDAQ:JACK) is exploring strategic options for Del Taco, including a potential sale, just two years after acquiring it for $585 million. According to Bloomberg, the fast-food chain could fetch up to $200 million. The company is working with Bank of America on the...
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Deal Dispatch: Metaverse Mergers, 23andMe Under Investigation, Burger King Franchise Goes Bankrupt
Friday, April 18, 2025 - 10:46am | 4 min readNew On The Block Willow Tree Credit Partners seeks to sell a minority stake and is soliciting potential buyers, according to Bloomberg. The New York-based firm has about $5 billion in assets under management. Bloomberg also reports that Zurich-based Partners Group is divesting a 49% stake in...
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Deal Dispatch: Harley-Davidson To Wipe Out? Plus, Prada's Versace Purchase Garners A Fashionable Price
Friday, April 11, 2025 - 2:35pm | 5 min readNew On The Block Harley-Davidson (NYSE:HOG) is selling its financing arm. Bloomberg estimates a price tag of $1 billion. The Milwaukee-based motorcycle brand could market the segment to various buyers, including regional banks and private equity firms. Separately, there’s drama brewing on...
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Deal Dispatch: US M&A Is Quiet, But Abroad? Volume Is Spiking
Friday, April 4, 2025 - 3:07pm | 7 min readThese past three months were not what U.S. dealmakers wanted or expected. As of April 3, transaction tracker Dealogic showed zero percent growth in U.S.-based M&A volume compared to last year’s first quarter. Elsewhere? Volume is spiking triple digits. The Middle East and Africa combined...
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Deal Dispatch: Bezos-Backed Crop Company Wilts, Tech Startup Nabs Napster For $207 Million
Friday, March 28, 2025 - 4:57pm | 6 min readBankruptcy Block Plenty, a vertical farming company backed by billionaire Jeff Bezos, is wilting in bankruptcy. According to the Wall Street Journal, the Bay Area startup joins the ranks of Bowery, AeroFarms and AppHarvest in the vertical farming graveyard. SoftBank was expected to take charge of...
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Deal Dispatch: Sandals For Sale, Chisholm's Celtic Pride, 'Matrix' Producer Faces Bankrupt Reality
Friday, March 21, 2025 - 3:54pm | 6 min readNew On The Block Sandals Resorts International is once again trying to sell itself after years of family drama that’s more akin to “Succession” than “Paradise Hotel.” The Caribbean company — famous for its luxury destinations in places like Jamaica, the Bahamas, Saint...
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Deal Dispatch: Trump M&A Boom Is A Bust, Purple Mattress Considers Sale, Celtics Auction Heats Up
Friday, March 14, 2025 - 4:47pm | 6 min readNew On The Block Purple Innovation, Inc. (NASDAQ:PRPL) is considering a sale. After receiving “unsolicited expressions of interest,” the mattress maker is exploring all possibilities to boost shareholder value. Purple's board established a special committee of independent directors to...
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Spirit Airlines Soars Out of Bankruptcy, Says Will Cancel Old Stock And Expects To Re-List 'As Soon As Reasonably Practicable'
Thursday, March 13, 2025 - 10:09pm | 3 min readSpirit Aviation Holdings, Inc. (OTC:SAVEQ), the parent company of Spirit Airlines, LLC (OTC:SAVEQ) announced that it has successfully completed its financial restructuring. What Happened: The United States Bankruptcy Court for the Southern District of New York has confirmed Spirit...
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Deal Dispatch: Clock Ticks On TikTok, Raizen Explores Asset Sale, Investors Urge Walgreens To Go Private
Friday, March 7, 2025 - 3:47pm | 5 min readNew On The Block Raizen, a Brazilian joint venture between Shell plc (NYSE:SHEL) and Cosan SA (NYSE:CSAN), tapped JPMorgan to shop around its Argentinian oil refinery and gas stations network. Bloomberg recently reported that the company is undergoing a "profound" portfolio revision, citing CEO...
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Deal Dispatch: Boeing Done With Drones? Plus BP To Sell Lubricants, 7-Eleven Parent Nixes $58 Billion Bid
Friday, February 28, 2025 - 4:45pm | 5 min readNew On The Block Boeing (NYSE:BA) is seeking to sell Insitu, a maker of small, long-range military drones, per Bloomberg. The Arlington County, Virginia-based aerospace company acquired Insitu in 2008. Since then, the business has gone on to make drones for various military, including Ukraine...
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SpaceX Parts Supplier Dynamic Aerostructures Files For Bankruptcy, Bid Deadline Set
Wednesday, February 26, 2025 - 7:25pm | 2 min readDynamic Aerostructures, which makes high-tech parts for U.S. fighter jets and SpaceX rockets, has filed for bankruptcy. What Happened: According to Bloomberg, the Valencia, California-based company plans to auction itself off in a court-supervised sale. Dynamic is owned by a private equity firm,...
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Deal Dispatch: NY Giants Look To Score Some Private Equity, Plus — M&A Volume Is Down
Friday, February 14, 2025 - 5:41pm | 5 min readNew On The Block The New York Giants are seeking to sell up to a 10% ownership stake. The Giants, regarded as one of the most valuable sports teams in the world because of their history and the New York City market, have hired Moelis & Co. as their banker. Per ESPN, the Mara and Tisch families...
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Deal Dispatch: PharmChem Forgoes Banker To Run Sale, TGI Fridays Sells 19 Restaurants For $3.1 Million
Friday, February 7, 2025 - 12:35pm | 9 min readNew On The Block PharmChem, Inc. (OTC:PCHM), the go-to name for drug-detecting sweat patches, is officially exploring strategic alternatives (i.e., mergers, acquisitions, or an outright sale). So far, the board of directors expressed confidence that it can handle things solo as opposed to hiring a...