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In-depth M&A transaction analysis from both investment banking and legal perspectives, covering deal rationale, valuation, regulatory strategy, and transaction structure.

8 Published Reports
2 Perspectives
5 Sectors Covered
Legal Analysis
~$20bn
Transaction Value
Legal Analysis February 26, 2026 TMT

Adobe/Figma: Billion Dollar Blockage

How three regulators killed the biggest design software deal in history

A regulatory analysis of how the CMA, European Commission, and DOJ coordinated to block Adobe’s $20 billion acquisition of Figma, and what it signals for future technology M&A.

RL
Ryan Luo
Regulatory & Competition Lead
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IB Perspective
$8.3bn
Transaction Value
IB Perspective February 25, 2026 Industrials

Boeing’s $8.3 Billion Strategic Re-Integration of Spirit AeroSystems

The end of a 20-year outsourcing experiment

Examining the factors which drive the probability of success of a deal Boeing were forced to pursue to rectify a chain of bad decisions.

JW
James Waller
Industrials Desk
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IB Perspective
$8.75bn
IB Perspective February 2026 Industrials

James Hardie’s Acquisition of AZEK

Strategic analysis of James Hardie’s $8.75 billion acquisition of AZEK, examining the material conversion thesis, $350 million synergy target, and the impact of Trump’s tariff regime on the deal’s growth assumptions.

JH
Jacob Harrison-Burke
Industrials Desk
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Legal Analysis
$68.7bn
Legal Analysis February 2026 TMT

Microsoft’s Acquisition of Activision Blizzard

Analysis of the regulatory battle across three jurisdictions — CMA, European Commission, and FTC — examining how Microsoft navigated conflicting antitrust rulings and restructured the transaction to secure clearance after nearly two years.

RL
Ryan Luo
Regulatory & Competition Lead
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Legal Analysis
Private
Legal Analysis February 2026 TMT

Legal 500’s Acquisition of Mondaq

Strategic consolidation in legal intelligence — a case study in private M&A restructuring and risk allocation provisions.

AP
Anna Pritchard
M&A Law Lead
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IB Perspective
$82.7bn
IB Perspective February 2026 TMT

Netflix’s Acquisition of Warner Bros. Discovery

Analysis of the largest entertainment acquisition in history. For Netflix, who once declared themselves “better builders than buyers”, this is a fundamental strategic reversal.

AR
Arjun Rabidas
TMT Desk
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IB Perspective
£4.1bn
IB Perspective February 2026 TMT

Strava’s Acquisition of Runna

Examination of the risks and rationale behind a deal which signals Strava’s strategic shift from activity tracking towards full-service athletic development.

FW
Freddie Woodruff
TMT Desk
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IB Perspective
$32bn
IB Perspective December 2025 TMT

Google’s Acquisition of Wiz

Strategic rationale behind Alphabet’s largest-ever acquisition and what it signals for the cybersecurity M&A landscape.

JS
Jonathan Smith
TMT Desk
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