Acquisition Overview - Sky New Zealand will acquire 100% of Discovery NZ from Warner Bros Discovery for $1 on a cash-free, debt-free basis[2] - The acquisition is expected to be completed on August 1, 2025[2] Strategic Benefits for Sky - The acquisition is expected to deliver approximately $95 million in annualised revenue uplift, with about 25% from digital sources[5] - Sky's combined total linear television advertising revenue share is expected to grow to approximately 35%[5] - Sky's total digital television advertising revenue share is expected to grow to approximately 24%[5] - Sky anticipates achieving sustainable EBITDA growth of at least $10 million from FY28[5, 7] Discovery NZ Assets - Discovery NZ owns and operates the ThreeNow BVOD streaming platform and the free-to-air linear channel Three[3, 5] Integration and Financials - Net integration costs for Sky are expected to be approximately $6.5 million[8] - Sky remains confident in achieving its 30cps dividend target for FY26[9]

Core Viewpoint - White Mountains Insurance Group, Ltd. has announced an agreement to acquire a 51% controlling interest in Distinguished Programs, a managing general agent (MGA) and program administrator for specialty property and casualty insurance, for approximately $230 million [1][4][4]. Company Overview - Distinguished Programs is an MGA and program manager that places over $550 million in premiums annually across 12 specialty property and casualty programs, including commercial real estate, hotels and restaurants, community associations, environmental and construction professional, cyber, surety, executive lines, inland marine, and fine arts and collectibles [2][6]. - The company has been operational since 1995 and manages all aspects of the insurance placement process, earning commissions based on volume and profitability [6]. Transaction Details - White Mountains will acquire approximately 50% of Distinguished's outstanding equity interests, increasing its ownership from about 1% to 51% [4]. - The transaction is expected to close in the third quarter of 2025, pending regulatory approvals and customary closing conditions [4]. Management and Stakeholders - Aquiline Capital Partners, the current controlling equityholder, will retain a significant minority equity stake in Distinguished [3]. - The existing executive management team of Distinguished, led by industry veterans Bill Malloy, Jason Rotman, and Steve Sitterly, will continue to lead the business and remain significant equityholders [3][4].

Core Viewpoint - Indosuez Wealth Management is set to acquire the Wealth Management clients of BNP Paribas Group in Monaco, enhancing its market position and service offerings in the region [1][3]. Group 1: Acquisition Details - The acquisition agreement has been signed between CFM Indosuez and BNP Paribas Group's subsidiary in Monaco [1]. - This transaction aims to strengthen Indosuez's position among ultra-high net worth clients (UHNW) in Monaco [3]. - The finalization of the transaction is subject to approval from relevant supervisory authorities and is expected to be completed in the first half of 2026 [3]. Group 2: Client Benefits - Clients of BNP Paribas in Monaco will experience continuity in support and access to a comprehensive range of services due to CFM Indosuez's established local presence and expertise [2]. - The acquisition will allow clients to benefit from an international network and various financing capabilities, backed by the stability of Crédit Agricole, the world's 9th largest bank [2]. Group 3: Strategic Implications - The acquisition aligns with Indosuez's growth strategy in a consolidating wealth management sector in Europe [3]. - BNP Paribas's decision to sell its Wealth Management business in Monaco is part of a strategic refocus on a single platform for its local activities, including corporate and retail banking [3]. Group 4: Company Background - Indosuez Wealth Management has been operating since 1922 and is recognized as a leading bank in Monaco, employing nearly 400 specialized staff [9][10]. - As of December 2024, Indosuez Wealth Management manages €215 billion in client assets, positioning it among Europe's top wealth management firms [8].

Core Viewpoint - Worthington Enterprises has acquired Elgen Manufacturing for approximately $93 million, enhancing its position in the HVAC market and aligning with its strategy to build leadership in niche markets [1][4]. Company Overview - Worthington Enterprises is a designer and manufacturer of brands that improve everyday life, operating primarily in two segments: Building Products and Consumer Products [5][6]. - The Building Products segment includes solutions for heating, cooling, construction, and water applications, while the Consumer Products segment covers tools and outdoor living [5]. Acquisition Details - Elgen Manufacturing, based in Closter, New Jersey, specializes in HVAC parts and components, generating net sales of $114.9 million and EBITDA of $13.3 million for the trailing 12 months ended April 30, 2025 [4]. - The acquisition is expected to create synergies and growth opportunities by leveraging Worthington's manufacturing expertise and distribution model [2][3]. Strategic Fit - The acquisition aligns with Worthington's strategy to acquire businesses with strong market positions, as Elgen's manufacturing processes and sales strategies complement those of Worthington [2][3]. - Elgen's products are used in commercial buildings, and its sales strategy focuses on direct sales to contractors and partnerships with distributors, enhancing customer service and lead times [2]. Leadership and Integration - Elgen's leadership team, including CEO David Young, will remain with the company, ensuring continuity and commitment to customer service and innovation [3].

Core Viewpoint - Dover Corporation has acquired ipp Pump Products GmbH, enhancing its Pump Solutions Group's capabilities in sanitary pump technologies for various industries [1][2][3] Company Overview - Dover Corporation is a diversified global manufacturer with annual revenue exceeding $7 billion, operating through five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies [4] Acquisition Details - ipp, headquartered in Bersenbrück, Germany, specializes in sanitary pump technologies, including hygienic lobe and progressive pumps, which are critical for food and beverage, cosmetics, and pharmaceuticals [2][3] - The acquisition is expected to add complementary technologies to Dover's existing pump portfolio, allowing for broader service to diverse customer bases across strategic end markets [3]

Core Viewpoint - Safety Shot, Inc. has received majority shareholder approval for the acquisition of Yerbaé Brands Corp., marking a significant strategic move in the wellness and functional beverage market [1][2][3]. Company Overview - Safety Shot, Inc. specializes in wellness and dietary supplements, notably its patented Sure Shot™ product, which reduces blood alcohol content while enhancing clarity and energy [5]. - Yerbaé Brands Corp. is a plant-based functional beverage company known for its zero-sugar, zero-calorie energy drinks, appealing to health-conscious consumers [6]. Acquisition Details - The acquisition was approved during a Special Meeting of Stockholders and is expected to close next week, with the combined entity continuing under the name Safety Shot, Inc. and trading on Nasdaq under the ticker "SHOT" [2][3]. - The merger aims to leverage Yerbaé's distribution network to enhance the growth of both brands, creating a stronger presence in the functional beverage market [3]. Future Plans - Following the merger, the company plans to announce further details and will file a Current Report on Form 8-K with the U.S. Securities and Exchange Commission [4]. - Safety Shot is also expanding its business-to-business sales of Sure Shot to various distributors and retailers throughout 2025 [5].

Acquisition of Dana Off-Highway Business June 11, 2025 Dave Graziosi, Chair & CEO Fred Bohley, COO Scott Mell, CFO & Treasurer 1 Safe Harbor Statement The following information contains, or may be deemed to contain, "forward-looking statements" (as defined in the U.S. Private Securities Litigation Reform Act of 1995). The words "believe," "expect," "anticipate," "intend," "estimate," "will" and other expressions that are predictions of or indicate future events and trends and that do not relate to historica ...

Core Viewpoint - Allison Transmission Holdings Inc. has announced a definitive agreement to acquire the Off-Highway business of Dana Incorporated for approximately $2.7 billion, which aligns with its strategic priorities to expand its market presence and enhance core technologies [1][3][6] Company Overview - Allison Transmission is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles, recognized as the largest global manufacturer of medium- and heavy-duty fully automatic transmissions [11] - The company operates in over 150 countries and has regional headquarters in the Netherlands, China, and Brazil, with manufacturing facilities in the USA, Hungary, and India [11] Acquisition Details - The acquisition is expected to be immediately accretive to Allison's diluted earnings per share and is anticipated to generate annual run-rate synergies of approximately $120 million [6] - The transaction will be financed through a combination of cash on the balance sheet and debt, and is expected to close late in the fourth quarter of 2025, pending regulatory approvals [6] Strategic Importance - This acquisition will enable Allison to offer a wider range of commercial-duty powertrain and industrial solutions to a global customer base, enhancing its competitive position in the market [3][4] - Dana's Off-Highway business operates in over 25 countries and is recognized for its industry-leading powertrain technologies, including hybrid and electric drive systems [4][5] Leadership Statements - David Graziosi, Chair and CEO of Allison, emphasized the transformative nature of the acquisition, aiming to empower customers with advanced propulsion and drivetrain solutions [4] - R. Bruce McDonald, Chair and CEO of Dana, expressed confidence that the off-highway business will thrive under Allison's leadership, allowing Dana to focus on its core priorities [5]

Core Points - K-Bro Linen Inc. has signed a share purchase agreement to acquire STAR Mayan Limited for £107.2 million (approximately C$199.1 million), enhancing its presence in the U.K. commercial laundry market [1][3][4] - The acquisition will create a top three national platform in the U.K. commercial laundry and textile rental market, which is valued at £1.6 billion [5][7] - The deal is expected to close in early June 2025, subject to limited closing conditions [9] Company Overview - K-Bro is the largest owner and operator of laundry and linen processing facilities in Canada, providing services to healthcare institutions, hotels, and other commercial accounts [25] - The company operates eleven processing facilities across eight Canadian cities [25] - K-Bro entered the U.K. market in 2017 through the acquisition of Fishers, aiming to build a national platform for growth [4] Acquisition Details - STAR Mayan owns three operating businesses: Synergy Health Managed Services Limited, Grosvenor Contracts (London) Limited, and Aeroserve Linen Services [2][28] - The acquisition will enhance K-Bro's revenue diversification, with over two-thirds of Star Mayan's revenue focused on healthcare [7][8] - K-Bro's pro forma U.K. healthcare revenue is expected to increase to 43% from 6%, and consolidated pro forma revenue from the U.K. will rise to 51% from 30% [7] Financial Aspects - The acquisition is expected to generate anticipated run-rate synergies of £2.0 million, with cost synergies expected within 6-12 months and operational efficiencies within 24 months [13] - The purchase price represents 7.6 times trailing twelve-month (TTM) Adjusted EBITDA, including anticipated synergies [13] - K-Bro plans to finance the acquisition through a bought deal offering of subscription receipts, raising gross proceeds of C$70.1 million [10][14] Market Position - The acquisition will establish a coast-to-coast geographic footprint in both Canada and the U.K., enhancing K-Bro's market share to approximately 10% in the U.K. [7][5] - K-Bro will have a leading coast-to-coast platform in both Canada and the U.K. following the acquisition [7]

Core Insights - Colliers has announced the acquisition of Higher Ground Consulting Inc., enhancing its Canadian engineering platform Englobe Corporation [1][3] - Higher Ground, established in 2013, employs 65 professionals and specializes in multidisciplinary engineering consulting services in Alberta and British Columbia [2] - The acquisition aims to expand Colliers' footprint and expertise across Canada, particularly in the water resources sector [3] Company Overview - Colliers operates as a global diversified professional services and investment management company, with a focus on Real Estate Services, Engineering, and Investment Management [4] - The company has a proven business model and a unique partnership philosophy, delivering approximately 20% compound annual returns for shareholders over the past 30 years [4] - Colliers generates nearly $5.0 billion in annual revenues and manages over $100 billion in assets, employing a team of 23,000 professionals [4]