Key deals this week: International Paper, IonQ, Bumble, and more

Here's a list of key deals reported across sectors this week:

Varonis Systems (VRNS) rose 2.5% in after-hours trading after Proofpoint agreed to acquire the company in all-cash deal valued at ~$6.3 billion. Proofpoint is owned by private equity firm Thoma Bravo.

International Paper (IP) rose 7.4% amid a report that two private equity firms are evaluating multibillion-dollar bids for the company's European packaging business. Lone Star and Atlas Holdings are both working on potential deals for the business formerly known as DS Smith, according to a media report.

CCC Intelligent Solutions Holdings (CCC) has entered into a definitive agreement to be acquired by a consortium of private investment firms led by GTCR, including Elliott Investment Management, in an all-cash transaction with an enterprise value of approximately $6.1B.

Galderma Group AG (GALDY) has agreed to acquire ZO Skin Health Inc. in an all-cash deal valued at $1.5B, strengthening the Swiss dermatology company’s presence in the US physician-dispensed skincare market.

Bumble (BMBL) shares surged over 57% premarket on Tuesday after the company said it will be acquired by Ithaca Holdings in an all-cash transaction valuing the dating app at $1.3 billion.

IonQ (IONQ) disclosed on Monday that it is acquiring cybersecurity firm Elisity in an all-stock transaction worth up to $1.3B as the quantum computing industry comes of age.

STERIS (STE) said its wholly owned subsidiary has agreed to acquire Pennsylvania-based surgical products company Xodus Medical for $2.1B at closing, with the deal expected to be financed primarily through debt and close by Dec. 31, 2026, subject to customary conditions and regulatory approvals.

Amazon.com (AMZN) is negotiating to acquire artificial intelligence startup Decart AI in a deal valued at approximately $7 billion, according to a report by The Wall Street Journal.

Softbank (SFTBY) dropped 9.5% amid a report that the company is considering a purchase of Allied Universal, the largest security services firm in the US.

Quick Insights

• Major deals include Proofpoint's acquisition of Varonis Systems, International Paper's European packaging business attracting private equity bids, CCC Intelligent Solutions being acquired by a consortium led by GTCR, Galderma acquiring ZO Skin Health, Bumble's buyout by Ithaca Holdings, IonQ's acquisition of Elisity, STERIS acquiring Xodus Medical, Amazon's negotiations to buy Decart AI, and Softbank's interest in Allied Universal.