Mergers & Acquisitions

16 hours ago | themiddlemarket.com | Demitri Diakantonis

During times when a lot of restaurants are closing their dining rooms and creating distressed opportunities there are still deal opportunities in the sector, especially among the “local heroes.” Moelis (NYSE: MC) Managing Director Jeremy Burke explains. “Local heroes” are attractive acquisition targets because of their loyal customer base, strong identity and understanding of shifting consumer trends, according to Burke.

1 day ago | themiddlemarket.com | Demitri Diakantonis

Australian accounting and advisory firm Rose Partners has acquired Queensland-based MSI Taylor, strengthening its presence along the east coast of Australia. MSI Taylor, founded in 1990, provides accounting, tax, audit and advisory services, with a niche focus on pharmacy sector M&A and financial planning. The acquisition adds a dedicated management team, broader service offerings and enhanced staff development opportunities, reported International Accounting Bulletin.

1 day ago | themiddlemarket.com | Demitri Diakantonis

EQT has agreed to acquire Olympus Energy’s upstream and midstream assets in southwest Pennsylvania for $1.8 billion, including 90,000 net acres and 500 mcf/d of production, according to Hart Energy. The deal includes $1.3 billion in EQT stock and $500 million in cash, funded through cash on hand and credit. The assets are expected to generate $530 million in annual adjusted Ebitda and $270 million in unlevered free cash flow over the next three years.

1 day ago | themiddlemarket.com | Demitri Diakantonis

OpenAI is reportedly interested in acquiring Google’s Chrome browser if the tech giant is forced to sell it as part of a U.S. antitrust case. The comment came from OpenAI executive Nick Turley, who testified on behalf of the U.S. government in an ongoing trial addressing Google’s dominance in online search. The Department of Justice argues Google holds monopolistic control over the search market, with Chrome commanding 64 percent of global browser usage.

1 day ago | themiddlemarket.com | Demitri Diakantonis

A group of private credit lenders led by Apollo (NYSE: APO) and Blackstone (NYSE: BX) is backing Thoma Bravo’s $10.6 billion acquisition of Boeing (NYSE: BA)’s digital aviation assets with a $4 billion loan, according to AltsWire. The seven-year unitranche facility is expected to price at 4.75 percentage points over the benchmark rate and will fund Thoma Bravo’s purchase of Jeppesen, ForeFlight, AerData and OzRunways.