The monthly M&A brief, in full.
Every issue published since the society’s founding. Each file opens as a PDF in a new tab.
09Jun · 2026June NewsletterA month of companies choosing what to become. Fox's ~$22B acquisition of Roku, Merck KGaA / Bio-Techne at $11.3B, GSK's $10.6B run at Nuvalent, Bain Capital carving Everllence out of Volkswagen, and Adani / IntelliSmart on India's power grid. Plus Big Pharma's patent cliff, the SpaceX IPO, and a final President's Note as the society passes to its next chapter.
08May · 2026May NewsletterSix deals across a month of strategic repositioning. NextEra / Dominion's $66.8B all-stock combination forms the world's largest regulated electric utility, EQT's fourth take-private bid for Intertek at a 59% premium, Sony Music / Recognition Music Group, Ingredion / Tate & Lyle, Santander UK / TSB, and Shein / Everlane. Plus European Defence, geopolitical opportunities, and the Musk / OpenAI litigation.
07Apr · 2026April NewsletterSeven deals from a month defined by structural innovation. Standard Life / Aegon UK, Unilever's $44.8B Reverse Morris Trust with McCormick, Ackman's $64.4B run at Universal Music Group, Hexagon / Waygate, Amazon / Globalstar, QXO / TopBuild, and Vedanta's five-way demerger. Plus a new Legal Dynamics section.
06Apr · 2026Quarter 1 ReportA consolidated first-quarter report covering the society's deal coverage universe and the research team's read on the deal environment through Q1 2026.
05Mar · 2026March NewsletterPIF / EA, UniCredit / Commerzbank, Nuveen / Schroders, Denso / Rohm, and Bain / Perpetual Wealth. Plus the synergies model from our third-place pitch.
04Feb · 2026February NewsletterApple's $2B acquisition of Q.ai, plus the team's view on cross-border consolidation across European banking.
03Jan · 2026January NewsletterDeal coverage across banking and industrials, sector commentary, and the continuation of the Learning Corner.
02Dec · 2025December NewsletterThe first monthly edition. Early deal coverage and the first proper commentary pieces from the research team.
01Nov · 2025Inaugural BriefingThe very first publication we put out. A founding research note, laying out how the team would work and what the year ahead would cover.
Featured work
Outside the monthly cadenceResearch published outside the monthly newsletter. Pitch decks from case competitions and individual special reports.
PDFSpecial EditionJul · 2026SpaceX One Month On
By Safeer Hussain and JP Ornellas Filho
A special edition for an extraordinary month. On 12 June, SpaceX raised $85.7B in the largest IPO in history; four days later it agreed to buy Anysphere, the developer of Cursor, for $60B in stock, the largest acquisition of a venture-backed company ever made. Safeer Hussain takes apart the Anysphere deal; JP Ornellas Filho measures SpaceX's first month of trading against the only listing of comparable size, Saudi Aramco's in 2019.
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PDFSpecial ReportApr · 2026Somnigroup / Leggett & Platt
By Roberto Bodegas and Safeer Hussain
A $2.5B all-stock acquisition that completes the full bedding value chain. Twenty pages on the DCF, the deal structure, the $50M synergy case, and the one question that decides it: whether the FTC, which blocked a similar Leggett deal before, lets this one close.
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PDFPitch DeckMar · 2026Mastercard / OneSpan
The full third-place pitch deck. Strategic rationale, the synergies model, and the transaction structure, all presented to judges from Nomura, PJT Partners, Neuberger Berman and BGF.
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PDFSpecial ReportMar · 2026March 2026 Analysis
By Roberto Bodegas
A standalone research note by Roberto Bodegas, outside the monthly publication.
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