According to data provided by Pitchbook, the first week of December saw 17 M&A deals for a reported $9.5 billion in invested capital. These numbers are slightly lower than last week’s 26 deals. The largest deal this week was London-based GlaxoSmithKline’s $5.1-billion acquisition of Boston’s Tesaro, an oncology-focused bio pharmaceutical company. In the week, six of the deals were for targets from the Great Lakes region and seven companies there were purchased were direct-to-consumer businesses.
M&A news was also particularly active in our local Omaha area. Scantron made a bid to acquire Omaha-based IT solutions firm Nexus, and Omaha’s McCarthy Capital is reportedly making a move on another smoked salmon maker, MacKnight Food Group.