This Week
No target-account signals this week.
Mercator Acquisition Corp.
Mercator Acquisition Corp. priced a $150 million IPO targeting tech-driven financial services and real estate sectors.
M&F Bancorp
M&F Bancorp agreed to merge with Optus Financial in a deal valued at over $105 million, combining operations to create one of the largest Black-owned banks in the U.S.
Optus Financial
Optus Financial agreed to merge with M&F Bancorp in a deal valued at over $105 million, creating one of the largest Black-owned banks in the U.S. with combined assets of $1.27 billion and 10 branches.
United Community Banks
United Community Banks agreed to acquire Peach State Bancshares in a stock-and-cash transaction valued at $100.8 million, including Peach State Bank & Trust subsidiary, expanding its Northeast Georgia presence.
Maersk
Maersk announced a $100M investment to open a 617,000 sq. ft. fulfillment center in Hopedale, Massachusetts, creating approximately 1,000 jobs in the Northeast.
Scorpion
Scorpion secured $100M from Bregal Sagemount to expand technology and services, including opening a new headquarters in Salt Lake City and growing its team.
Turkish Airlines
Turkish Airlines announced a $2.3 billion investment to build the world's largest cargo terminal and in-flight catering facility, creating 26,000 jobs and expanding cargo handling capacity globally.
Travel + Leisure
Travel + Leisure acquired Yes& Vacations and Spinnaker Resorts for $343 million, adding approximately 100,000 owners and expanding its customer base by over 10%.
Alaska Airlines, Inc.
Alaska Airlines added four Boeing 737-800 freighters through long-term lease agreements, expanding its dedicated cargo fleet from five to nine aircraft to strengthen its North America, Europe, Asia, and Pacific cargo network.
Ria R Squared
Miami investment firm Ria R Squared filed Chapter 11 with $199 million in liabilities following six years of litigation with Shinhan Securities and DW Partners.