Mergers & Acquisitions: Apollo Global Management Acquires Direct ChassisLink
Pitchbook data reveals that there were 27 M&A transactions last week for total invested capital of $5.03 billion, $27.3 billion less than last week across 10 less deals. Apollo Global Management’s $2.5 billion leveraged buyout of Direct ChassisLink was the largest deal of the week. Publicly traded pharmaceutical manufacturer GTx, Inc. will be acquired by Oncternal Therapeutics in a reverse merger for an undisclosed amount.
Two Companies Raise Roughly $200 Million through Initial Public Offerings
Last week, Shockwave Medical, a medical device manufacturer for cardiovascular health, and Futu Holdings Limited, a Chinese financial brokerage for overseas trading, completed their initial public offerings, raising approximately $200 million combined.
U.S. Adds a Lackluster 20,000 Jobs but the Housing Market Shows Strong Signs of Growth
Among news last week: