Browsing Tag
Morgan Stanley
140 posts
USI nearly tripled revenue under KKR, but Aon is paying 14.5 times synergised EBITDA for the next stage
Aon is paying $17 billion for privately held USI Insurance Services only two years after its $13 billion NFP acquisition. The transaction gives KKR a sixfold return on its original 2017 equity, but Aon’s 9.5% share-price fall shows investors are focusing just as closely on leverage, a 14.5-times synergised EBITDA multiple and the cost of integrating another major insurance brokerage.
Bamboo Insurance has $879m of managed premium, but its IPO comes with a $548m debt question
CVC-backed Bamboo Insurance Services has filed for a New York Stock Exchange listing after managed premium approached $879 million and first-half revenue grew 40%. The capital-light insurance model is producing strong adjusted margins, but a $548 million term loan, declining GAAP profit and catastrophe exposure will make the eventual IPO price critical.
One year after IPO: Accelerant (NYSE: ARX) agrees to $4bn Thoma Bravo take-private
Thoma Bravo's $20.25 per share offer values Accelerant Holdings at over $4bn, ending the specialty insurance platform's year on the NYSE at a 49% premium.
Riot Platforms’ $9.1bn AI lease puts $2.3bn Rockdale buildout to the test
Riot’s $9.1 billion AI lease could generate up to $8.2 billion of NOI, but a $2.3 billion buildout makes financing and execution the real $RIOT test.
Prologis agrees ÂŁ14.3bn SEGRO takeover in largest 2026 UK REIT deal
Prologis will pay up to ÂŁ14.3 billion for SEGRO, but H1 2027 closing hinges on shareholder votes, regulatory clearances and a fresh $2.1bn equity raise.
Brink’s advances $6.6bn NCR Atleos deal as service margins expand
Brink’s margins improved as its $6.6 billion NCR Atleos deal moved closer, bringing major ATM scale alongside debt and integration risk.
ITV plc (LSE: ITV) slips as buyback starts and Q3 ad slowdown looms
ITV has begun its ÂŁ100m buyback, but weaker Q3 ads and the Sky review keep its ÂŁ950m shareholder return dependent on execution.
Leonardo DRS to acquire Raft for $450m as defence AI software demand accelerates
Leonardo DRS will acquire Raft for $450 million to expand defence AI and mission software. See what the deal means for $DRS growth and investors.
CenterPoint Energy (CNP) Q2 2026 beats: Houston load queue swells to 14 GW, capex plan lifted $1.2bn
CenterPoint Energy submits 14 GW of Houston load via ERCOT Batch Zero, a 65% jump over current peak, and lifts its 10-year capex plan to $66.7 billion.
Morgan Stanley (NYSE: MS) buys five French logistics assets as private-market platform expands
Morgan Stanley buys five fully let French logistics assets, but undisclosed pricing and active management will decide whether the portfolio delivers value.