DiscoverMarket Maker$55B LBO Deal, Jefferies Banking Signal & London’s IPO Decline
$55B LBO Deal, Jefferies Banking Signal & London’s IPO Decline

$55B LBO Deal, Jefferies Banking Signal & London’s IPO Decline

Update: 2025-10-02
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In this episode of the Market Maker podcast, we dive into the largest leveraged buyout in history - Electronic Arts going private in a $55 billion all-cash deal led by Saudi Arabia’s PIF, Silver Lake, and Jared Kushner’s Affinity Partners. What does this blockbuster transaction say about the future of gaming, geopolitics, and private capital?


We also unpack Jefferies’ record-breaking Q3 performance as dealmaking makes a comeback. Is this a lead indicator for bulge bracket banks like Goldman Sachs and J.P. Morgan?


Finally, we look at why London has dropped out of the top 20 global IPO markets for the first time in decades. With capital increasingly flowing to the US, what can the UK do to reclaim its financial edge?


From LBO mechanics and corporate strategy misfires to the intersection of AI, finance, and global power plays, this is an episode packed with insight for anyone tracking markets, banking, and business strategy.


(00:00 ) Intro & Themes in Focus

(02:25 ) US Gov Shutdown & Market Impact

(09:26 ) Coca-Cola's Costa Coffee Misstep

(14:02 ) Biggest Leverage Buyout Ever

(19:33 ) Saudi's Gaming Investment Strategy

(27:16 ) EA Deal Breakdown

(31:44 ) Strategic Themes in EA Deal

(34:49 ) Jeffries' Record & Insights

(39:14 ) London's IPO Market Decline

(44:24 ) Fixing London's Financial Scene


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$55B LBO Deal, Jefferies Banking Signal & London’s IPO Decline

$55B LBO Deal, Jefferies Banking Signal & London’s IPO Decline

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