A worker scoops up the plastic pellets prior to melting and molding. Photographer: James MacDonald/Bloomberg Lone Star Funds is in advanced talks to acquire plastic parts and equipment maker Hillenbrand Inc., people familiar with the matter said. The private equity firm could announce a purchase of Batesville, Indiana-based Hillenbrand as soon as this week, according to the people, who asked not to be identified discussing confidential information. Most Read from Bloomberg Shares of Hillenbrand closed ...

Core Insights - Paramount Skydance's Chairman and CEO David Ellison indicated that the company has numerous options regarding its acquisition strategy, highlighting a proactive approach to potential growth opportunities [1] Acquisition Strategy - Ellison refrained from commenting specifically on a potential bid for Warner Bros. Discovery, suggesting a cautious yet open stance towards various acquisition possibilities [1]

Core Insights - Bain Capital's Special Situations division has made an initial bid for Costa Coffee, a café chain owned by The Coca-Cola Company [1][2] - Costa Coffee was founded in London in 1971 by brothers Bruno and Sergio Costa and has grown to have a significant global presence [3][6] - The café chain has faced financial challenges due to the Covid-19 pandemic, reporting an annual loss of £13.8 million and revenues of £1.2 billion in 2023 [4][8] Bain Capital's Interest - Bain Capital's Special Situations unit has previously invested in other food and beverage establishments, indicating a strategic interest in the sector [2][5] - TDR Capital has also shown interest in acquiring Costa Coffee, suggesting competitive bidding for the café chain [2] Costa Coffee's Operations - Costa Coffee operates over 2,700 stores in the UK and Ireland and has expanded to more than 1,300 locations in other global markets [3] - The chain was acquired by The Coca-Cola Company in 2018 for approximately £3.9 billion, equivalent to about US$5.1 billion at that time [1]

Group 1 - Truist Financial has set a new price target of $59 for Heidrick & Struggles, indicating a slight potential upside from the current trading price of $58.23 [1][5] - Heidrick & Struggles has entered into a definitive agreement to be acquired by a consortium led by Advent International and Corvex Private Equity for approximately $1.3 billion, transitioning the company from public to private [2][5] - The stock price of Heidrick & Struggles has increased significantly by 19.72%, with a current price of $58.28, reflecting strong investor interest following the acquisition announcement [3][5] Group 2 - Heidrick & Struggles has a market capitalization of approximately $1.21 billion, indicating its total market value [4] - The trading volume for the day is 1,291,496 shares on the NASDAQ exchange, showing active investor interest likely driven by the acquisition news [4][5]

Core Viewpoint - Berkshire Hathaway announced the acquisition of Occidental Petroleum's petrochemical unit, OxyChem, for $9.7 billion, marking the largest deal by the firm in the last three years [1][2]. Group 1: Acquisition Details - The acquisition is an all-cash transaction, with Berkshire paying $9.7 billion, of which Occidental plans to use $6.5 billion to reduce its debt below $15 billion [2]. - This deal is the largest for Berkshire since acquiring Allegheny Corporation for $11.6 billion in 2022 [2]. Group 2: OxyChem's Operations - OxyChem produces basic chemicals such as chlorine and sodium hydroxide, which are utilized in water treatment and healthcare [3]. - Occidental has lowered its full-year forecast for OxyChem's pre-tax income by approximately 15% to a range of $800 million to $900 million due to an ongoing market surplus [3]. Group 3: Leadership Transition - The announcement of the acquisition does not mention Warren Buffett, indicating a leadership transition to Greg Abel, who is set to assume the role of chief executive [4]. - Buffett will remain as chairman and continue to be involved in decision-making processes [4]. Group 4: Background on Berkshire's Investment - Berkshire has a long-standing investment in Occidental, initially supporting its acquisition of Anadarko Petroleum with a $10 billion commitment in 2019 [6]. - The firm has been gradually increasing its stake in Occidental, which currently stands at approximately 28.2% [2][6]. - Occidental has been focused on reducing its debt following its $10.8 billion acquisition of CrownRock and plans to sell around $4 billion in assets [6].

Core Insights - Wellesley Asset Management has acquired Halbert Wealth, an SEC-registered investment adviser based in the greater Austin, Texas region, enhancing Wellesley's geographic reach and service offerings [1][2] - The acquisition allows Halbert Wealth clients to continue working with their trusted advisors while gaining access to Wellesley's expanded products and resources [1][2] - Wellesley emphasizes that both firms share similar client service and investment management approaches, aligning with Wellesley's independent operating model [2][3] Company Expansion - The acquisition is part of Wellesley's ongoing expansion strategy, which includes the recent opening of a new office in Portsmouth, New Hampshire, to support its growing investment advisory business [3][4] - The Portsmouth office will serve as Wellesley's principal headquarters, housing executive, portfolio management, and trading teams, while maintaining client service and operations teams in Massachusetts [4]

Core Points - Deliveroo founder and CEO, Will Shu, is stepping down following the company's acquisition by US competitor DoorDash, which values Deliveroo at approximately £2.9 billion ($3.9 billion) [1][2] - The acquisition deal offers a significant premium on Deliveroo's shares, with a 29% increase over the closing price on 24 April 2025, and a 40% premium on the three-month volume-weighted average price [1][2] - The acquisition is expected to be finalized on 2 October, with a court hearing anticipated by the end of September [2] Company Overview - Deliveroo, founded in 2013, operates in several countries including Belgium, France, the Republic of Ireland, Italy, Kuwait, Qatar, Singapore, the United Arab Emirates, and the UK [2][3] - The company has partnered with approximately 176,000 restaurants, grocers, and retail partners, and works with over 130,000 riders to enhance the on-demand delivery experience [3] - Will Shu expressed pride in Deliveroo's achievements and indicated a desire to consider new challenges after 13 years [3]

Group 1 - CVC Capital Partners is evaluating the possibility of acquiring a majority stake in Avendus Capital, currently owned by KKR & Co, with discussions still in early stages [1][2] - The acquisition could provide Avendus with the necessary global support to enhance its market share in advisory and asset management sectors [2] - KKR holds approximately 63% of Avendus and is open to other potential buyers, including Mizuho Financial Group, which previously attempted to acquire Avendus at a valuation of around $800 million [3][4] Group 2 - Gaurav Deepak is the current CEO of Avendus, and KKR has not commented on the ongoing discussions, while CVC has also not responded to inquiries [4] - Other potential suitors for Avendus include Nomura Holdings and The Carlyle Group [4] - KKR launched Ascend Asia Financial Services Group in Singapore in June 2023, indicating its ongoing expansion efforts [4]

Acquisition Overview - Vimeo has agreed to be acquired by Bending Spoons in an all-cash deal valued at approximately $1.38 billion, expected to close in Q4 2025, subject to customary closing conditions and regulatory approvals [1] - Once the deal closes, Vimeo will be delisted from exchanges [1] Strategic Intent - Bending Spoons aims to own and operate Vimeo indefinitely, focusing on realizing Vimeo's full potential and making ambitious investments in the US and other priority markets [2][3] - The company plans to enhance performance and reliability, introduce advanced features, and continue developing AI-enabled functionalities [3] Historical Context - Bending Spoons has a history of acquiring companies and subsequently laying off staff and cutting features, as seen in its acquisition of Evernote and WeTransfer [3][4] - Vimeo, which became an independent publicly traded company in 2021 after spinning off from IAC, has lost almost 90% of its market value since then, prompting leadership to explore strategic options [4] Leadership Statements - Vimeo's CEO Philip Moyer expressed optimism about the partnership, highlighting Bending Spoons' commitment to expanding Vimeo's product offerings across various segments, including Self-Serve, OTT/Vimeo Streaming, and Vimeo Enterprise [5]

Core Insights - Pan American Silver Corp. (PAAS) achieved a record free cash flow of $233 million in Q2 2025, a 128% increase year-over-year, and ended the quarter with a cash balance of $1.1 billion, indicating strong financial health [1][7] - The company returned approximately $103.5 million to shareholders through share repurchases in H1 2025 and announced a 20% increase in its quarterly dividend to $0.12 per share [2] - PAAS plans to invest $500 million of its cash reserves to acquire MAG Silver Corp, which holds a 44% stake in the Juanicipio project, expected to boost PAAS' silver production by 35% annually and reduce all-in sustaining costs [3][7] Financial Performance - Year-to-date, PAAS shares have increased by 57%, outperforming the industry growth of 51%, while the Basic Materials sector rose by 9% and the S&P 500 by 2.9% [5] - The consensus estimate for PAAS earnings in 2025 is $1.98 per share, reflecting a 150.6% year-over-year increase, with a 2026 estimate of $2.38, indicating a 20.2% rise [8] Valuation Metrics - PAAS is currently trading at a forward 12-month price-to-earnings multiple of 14.24X, below the industry average of 17.34X [7]