M&A Update – May 6

– ALE to be acquired by CPP Investments / GIP for $67.00 cash per share, 19.1% premium, $6.2 billion
– PRFT to be acquired by BPEA Private Equity Fund VIII (EQT Asia) for $76.00 cash per share, 58.0% premium, $3.0 billion
– ANSS / SNPS to sell its software integrity business to Clearlake Capital and Francisco Partners
– X / Nippon Steel cleared EC
– HRT / General Atlantic / Stone Point Capital filed PRER14a, cleared HSR Apr 1, closing mid 2024
– MGRC / WSC filed S-4/a, no meeting date set, closing 2024
– ZFOX / Haveli Investments received all regulatory approvals, closing May 13
– MODN / Vista Equity Partners filed PREM14a, closing Q2