@import"https://fonts.googleapis.com/css2?family=EB+Garamond:wght@400;500;600&family=Inter:wght@400;500;600;700&family=Montserrat:wght@400;500;600&display=swap";:root{--wd-navy: #051C2C;--wd-navy-soft: #1B3A5C;--wd-blue-muted: #4A6D8C;--wd-blue-pale: #8C9BAA;--wd-paper: #FFFFFF;--wd-warm: #F5F1EB;--wd-border: #E8E8E8;--wd-text: #2D2D2D;--wd-muted: #6B6B6B;--wd-ink: #000000;--font-serif: "EB Garamond", Georgia, "Times New Roman", serif;--font-sans: "Inter", -apple-system, BlinkMacSystemFont, "Segoe UI", sans-serif;--font-nav: "Montserrat", var(--font-sans);--max-content: 1100px;--max-prose: 760px}*{box-sizing:border-box}html,body{margin:0;padding:0;background:var(--wd-paper);color:var(--wd-text);font-family:var(--font-sans);font-size:15px;line-height:1.7;-webkit-font-smoothing:antialiased}a{color:var(--wd-navy);text-decoration:underline;text-decoration-thickness:1px;text-underline-offset:3px}a:hover{color:var(--wd-blue-muted)}h1,h2,h3,h4{color:var(--wd-navy);font-family:var(--font-serif);font-weight:400;line-height:1.25;margin:0 0 .55em}h1{font-size:3.4rem}h2{font-size:2.25rem;margin-top:2.5rem}h3{font-size:1.45rem;margin-top:1.75rem}p{margin:0 0 1em;max-width:var(--max-prose)}.container{max-width:var(--max-content);margin:0 auto;padding:0 1.5rem}.site-header{position:relative;z-index:10;background:var(--wd-paper);box-shadow:0 5px 30px #0000001a}.site-header .container{display:flex;align-items:center;justify-content:space-between;gap:2rem;min-height:78px}.brand{display:inline-flex;align-items:center;text-decoration:none}.brand img{display:block;width:200px;max-width:42vw;height:48px;object-fit:contain}.site-header nav{display:flex;align-items:center;gap:2.7rem;font-family:var(--font-nav);font-size:.98rem;font-weight:500}.site-header nav a{color:var(--wd-ink);text-decoration:none}.site-header nav a:hover{color:#809dc5}.eyebrow{display:inline-block;color:var(--wd-blue-muted);font-family:var(--font-sans);font-size:.72rem;font-weight:700;letter-spacing:1.1px;margin-bottom:.8rem;text-transform:uppercase}.eyebrow a{color:inherit;text-decoration:none}.back-link{display:inline-flex;align-items:center;color:var(--wd-blue-muted);font-family:var(--font-sans);font-size:.8rem;font-weight:600;margin-bottom:1.2rem;text-decoration:none}.back-link:before{content:"←";margin-right:.45rem}.back-link:hover{color:var(--wd-navy)}.hero{background:var(--wd-paper);border-bottom:1px solid var(--wd-border);padding:88px 0}.hero h1{max-width:820px}.hero .lede{color:var(--wd-text);font-size:1.05rem;line-height:1.7;max-width:760px}.summary-stats{display:grid;grid-template-columns:repeat(4,minmax(0,1fr));margin:0 -1.5rem 3rem;border-bottom:1px solid var(--wd-border);border-top:1px solid var(--wd-border)}.summary-stats .stat{min-height:138px;padding:2rem 2.25rem;border-right:1px solid var(--wd-border)}.summary-stats .stat:last-child{border-right:0}.summary-stats .stat-value{display:block;color:var(--wd-navy);font-family:var(--font-serif);font-size:2.75rem;font-weight:400;line-height:1;white-space:nowrap}.summary-stats .stat-label{display:block;color:var(--wd-blue-muted);font-family:var(--font-sans);font-size:.72rem;font-weight:700;letter-spacing:1.1px;margin-top:.75rem;text-transform:uppercase}.browse-panel{margin:0 0 3rem;border-top:1px solid var(--wd-border);border-bottom:1px solid var(--wd-border)}.browse-panel summary{display:flex;align-items:center;justify-content:space-between;gap:1.5rem;padding:1.35rem 0;color:var(--wd-navy);cursor:pointer;list-style:none}.browse-panel summary::-webkit-details-marker{display:none}.browse-panel summary:after{content:"+";color:var(--wd-blue-muted);font-family:var(--font-serif);font-size:2rem;line-height:1}.browse-panel[open] summary:after{content:"−"}.browse-panel summary strong{display:block;font-family:var(--font-serif);font-size:1.8rem;font-weight:400;line-height:1.2}.browse-panel summary small{display:block;color:var(--wd-muted);font-size:.9rem;line-height:1.5;margin-top:.25rem}.browse-grid{display:grid;grid-template-columns:minmax(160px,.8fr) minmax(0,1.2fr) minmax(150px,.45fr) minmax(0,1.1fr);gap:2rem;padding:.5rem 0 2rem}.browse-grid h2{color:var(--wd-blue-muted);font-family:var(--font-sans);font-size:.72rem;font-weight:700;letter-spacing:1.1px;margin:0 0 .8rem;text-transform:uppercase}.facet-list{display:flex;flex-wrap:wrap;gap:.45rem;margin:0}.facet-list a{display:inline-block;padding:.45rem .65rem;border:1px solid var(--wd-border);color:var(--wd-navy);font-size:.88rem;line-height:1.25;text-decoration:none}.facet-list.compact a{min-width:4.1rem;text-align:center}.facet-list a:hover{background:var(--wd-navy);border-color:var(--wd-navy);color:var(--wd-paper)}.transaction-table{width:100%;margin:1rem 0 0;border-collapse:collapse;font-size:.94rem}.transaction-table th{padding:.85rem .75rem;border-bottom:1px solid var(--wd-navy);color:var(--wd-blue-muted);font-family:var(--font-sans);font-size:.72rem;font-weight:700;letter-spacing:1.1px;text-align:left;text-transform:uppercase}.transaction-table td{padding:1rem .75rem;border-bottom:1px solid var(--wd-border);vertical-align:top}.transaction-table tr:hover td{background:var(--wd-warm)}.transaction-table .target{font-weight:600}.transaction-table .target a{text-decoration:none}.transaction-table .target a:hover{text-decoration:underline}.transaction-table .acquirer{color:var(--wd-navy)}.deal-detail{padding:72px 1.5rem}.deal-detail h1{font-size:3rem;max-width:860px}.deal-detail .meta-grid{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));margin:2.5rem 0;border-bottom:1px solid var(--wd-border);border-top:1px solid var(--wd-border)}.deal-detail .meta{min-height:116px;padding:1.5rem;border-right:1px solid var(--wd-border);border-bottom:1px solid var(--wd-border)}.deal-detail .meta:nth-child(3n){border-right:0}.deal-detail .meta dt{color:var(--wd-blue-muted);font-size:.72rem;font-weight:700;letter-spacing:1.1px;margin-bottom:.45rem;text-transform:uppercase}.deal-detail .meta dd{margin:0;color:var(--wd-navy);font-family:var(--font-serif);font-size:1.45rem;font-weight:400;line-height:1.25}.deal-detail .meta small{color:var(--wd-muted);font-family:var(--font-sans);font-size:.78rem;font-weight:400}.deal-detail .rationale{max-width:820px;margin:1.75rem 0 0;color:var(--wd-navy);font-family:var(--font-serif);font-size:1.35rem;line-height:1.45}.deal-detail .source{margin-top:2rem;padding-top:1.5rem;border-top:1px solid var(--wd-border);color:var(--wd-muted);font-size:.9rem}.site-footer{margin-top:4.5rem;padding:60px 0 28px;background:var(--wd-navy);color:#d9d9d9;font-size:.92rem}.site-footer .container{display:flex;flex-wrap:wrap;justify-content:space-between;gap:1.25rem;padding-top:20px;border-top:1px solid rgba(255,255,255,.07)}.site-footer a{color:#d9d9d9;margin-left:1.5rem;text-decoration:none}.site-footer a:hover{color:#809dc5}@media(max-width:1000px){h1{font-size:2.35rem}h2{font-size:1.9rem}.site-header .container{min-height:72px}.site-header nav{gap:1.1rem;font-size:.85rem}.brand img{width:150px}.hero{padding:56px 0}.summary-stats{grid-template-columns:repeat(2,minmax(0,1fr))}.summary-stats .stat:nth-child(2n){border-right:0}.browse-grid{grid-template-columns:1fr;gap:1.6rem}.deal-detail .meta-grid{grid-template-columns:repeat(2,minmax(0,1fr))}.deal-detail .meta:nth-child(3n){border-right:1px solid var(--wd-border)}.deal-detail .meta:nth-child(2n){border-right:0}}@media(max-width:720px){body{font-size:14px}.container,.deal-detail{padding-left:1rem;padding-right:1rem}.site-header .container{align-items:flex-start;flex-direction:column;gap:.75rem;padding-bottom:1rem;padding-top:1rem}.site-header nav{flex-wrap:wrap;gap:1rem 1.25rem}.summary-stats{margin-left:-1rem;margin-right:-1rem}.summary-stats .stat{min-height:112px;padding:1.5rem 1rem}.summary-stats .stat-value{font-size:2rem}.transaction-table{display:block;overflow-x:auto;white-space:nowrap}.transaction-table th,.transaction-table td{padding:.8rem .65rem}.transaction-table th:nth-child(5),.transaction-table td:nth-child(5){display:none}.deal-detail h1{font-size:2.25rem}.deal-detail .meta-grid{grid-template-columns:1fr}.deal-detail .meta,.deal-detail .meta:nth-child(2n),.deal-detail .meta:nth-child(3n){border-right:0}.site-footer .container{flex-direction:column}.site-footer a{display:inline-block;margin:0 1rem .5rem 0}}.breadcrumbs{margin-bottom:1.2rem}.breadcrumbs ol{display:flex;flex-wrap:wrap;align-items:center;gap:.35rem;list-style:none;margin:0;padding:0;font-family:var(--font-sans);font-size:.82rem;color:var(--wd-muted)}.breadcrumbs li{display:inline-flex;align-items:center;gap:.35rem}.breadcrumbs a{color:var(--wd-blue-muted);text-decoration:none}.breadcrumbs a:hover{color:var(--wd-navy);text-decoration:underline}.breadcrumbs .sep{color:var(--wd-blue-pale)}.breadcrumbs [aria-current=page]{color:var(--wd-navy);font-weight:500}.section-subnav{position:sticky;top:0;z-index:8;background:var(--wd-paper);border-bottom:1px solid var(--wd-border);box-shadow:0 1px #00000005}.section-subnav .container{padding-top:0;padding-bottom:0}.section-subnav ul{display:flex;flex-wrap:nowrap;overflow-x:auto;gap:0;list-style:none;margin:0;padding:0;-webkit-overflow-scrolling:touch;scrollbar-width:none}.section-subnav ul::-webkit-scrollbar{display:none}.section-subnav li{flex:0 0 auto}.section-subnav a{display:inline-block;padding:.95rem 1rem;color:var(--wd-blue-muted);font-family:var(--font-nav);font-size:.82rem;font-weight:500;letter-spacing:.4px;text-decoration:none;white-space:nowrap;border-bottom:2px solid transparent}.section-subnav a:hover{color:var(--wd-navy)}.section-subnav a.current,.section-subnav a[aria-current=page]{color:var(--wd-navy);border-bottom-color:var(--wd-navy);font-weight:600}.nav-browse{position:relative}.nav-browse summary{list-style:none;cursor:pointer;color:var(--wd-ink);font-family:var(--font-nav);font-size:.98rem;font-weight:500}.nav-browse summary::-webkit-details-marker{display:none}.nav-browse summary:after{content:" ▾";color:var(--wd-blue-muted);font-size:.7em}.nav-browse summary:hover{color:#809dc5}.nav-browse-panel{position:absolute;top:100%;right:0;margin-top:.5rem;display:grid;grid-template-columns:minmax(190px,1fr) minmax(170px,1fr);gap:1.6rem;min-width:420px;padding:1.2rem 1.4rem;background:var(--wd-paper);border:1px solid var(--wd-border);box-shadow:0 12px 32px #051c2c1f;z-index:20}.nav-browse-panel h4{margin:0 0 .6rem;color:var(--wd-blue-muted);font-family:var(--font-sans);font-size:.7rem;font-weight:700;letter-spacing:1.1px;text-transform:uppercase}.nav-browse-panel ul{list-style:none;margin:0;padding:0}.nav-browse-panel li{margin-bottom:.35rem}.nav-browse-panel a{display:block;padding:.25rem 0;color:var(--wd-navy);font-family:var(--font-sans);font-size:.92rem;font-weight:500;text-decoration:none}.nav-browse-panel a:hover{color:var(--wd-blue-muted);text-decoration:underline}.section-header{display:flex;align-items:baseline;justify-content:space-between;gap:1rem;margin:3rem 0 1.2rem}.section-header h2{margin:0}.section-header .see-all{color:var(--wd-blue-muted);font-family:var(--font-sans);font-size:.85rem;font-weight:600;text-decoration:none;white-space:nowrap}.section-header .see-all:hover{color:var(--wd-navy)}.whats-new .feed{display:grid;grid-template-columns:1fr;border-top:1px solid var(--wd-border)}.feed-card{display:grid;grid-template-columns:150px 1fr auto;align-items:baseline;gap:1.5rem;padding:1rem .25rem;border-bottom:1px solid var(--wd-border);color:var(--wd-text);text-decoration:none;font-family:var(--font-sans);transition:background .12s ease}.feed-card:hover{background:var(--wd-warm)}.feed-tag{display:inline-block;padding:.18rem .55rem;background:transparent;border:1px solid var(--wd-border);color:var(--wd-blue-muted);font-size:.7rem;font-weight:700;letter-spacing:.6px;text-transform:uppercase;white-space:nowrap;justify-self:start}.feed-summary{color:var(--wd-navy);font-family:var(--font-serif);font-size:1.15rem;line-height:1.4}.feed-date{color:var(--wd-muted);font-size:.82rem;white-space:nowrap}.event-type-grid{display:grid;grid-template-columns:repeat(4,minmax(0,1fr));gap:1px;background:var(--wd-border);border:1px solid var(--wd-border)}.event-type-card{display:flex;flex-direction:column;gap:.4rem;padding:1.5rem 1.25rem 1.4rem;background:var(--wd-paper);text-decoration:none;color:var(--wd-text);transition:background .12s ease}.event-type-card:hover{background:var(--wd-warm)}.event-type-card .card-count{display:block;color:var(--wd-navy);font-family:var(--font-serif);font-size:2rem;line-height:1}.event-type-card h3{margin:0;color:var(--wd-navy);font-family:var(--font-serif);font-size:1.2rem;font-weight:400}.event-type-card p{margin:0;color:var(--wd-muted);font-size:.85rem;line-height:1.45;max-width:none}.event-type-card .card-cta{margin-top:.4rem;color:var(--wd-blue-muted);font-family:var(--font-sans);font-size:.78rem;font-weight:600;letter-spacing:.4px}.browse-deeper .browse-grid{display:grid;grid-template-columns:1fr 1fr 1fr;gap:2rem;padding:0}.browse-deeper .browse-grid h3{margin:0 0 .8rem;color:var(--wd-blue-muted);font-family:var(--font-sans);font-size:.72rem;font-weight:700;letter-spacing:1.1px;text-transform:uppercase}.declarative-summary{max-width:820px;margin:1.5rem 0;color:var(--wd-navy);font-family:var(--font-serif);font-size:1.5rem;font-weight:400;line-height:1.4}.tldr{display:grid;grid-template-columns:repeat(auto-fit,minmax(160px,1fr));gap:0;margin:1.5rem 0 2rem;border-top:1px solid var(--wd-border);border-bottom:1px solid var(--wd-border);background:var(--wd-warm)}.tldr .tldr-row{padding:.85rem 1.1rem;border-right:1px solid var(--wd-border)}.tldr .tldr-row:last-child{border-right:0}.tldr dt{color:var(--wd-blue-muted);font-family:var(--font-sans);font-size:.68rem;font-weight:700;letter-spacing:1.1px;margin-bottom:.3rem;text-transform:uppercase}.tldr dd{margin:0;color:var(--wd-navy);font-family:var(--font-sans);font-size:.95rem;font-weight:500;line-height:1.35}.section-facets{display:grid;grid-template-columns:1fr 1fr;gap:2rem 3rem;margin:2.5rem 0 1rem}.section-facets>section{min-width:0}.section-facets h2{margin:0 0 .8rem;color:var(--wd-blue-muted);font-family:var(--font-sans);font-size:.72rem;font-weight:700;letter-spacing:1.1px;text-transform:uppercase}.event-type-cell{white-space:nowrap}.event-type-tag{display:inline-block;padding:.15rem .45rem;border:1px solid var(--wd-border);color:var(--wd-blue-muted);font-size:.68rem;font-weight:700;letter-spacing:.6px;text-transform:uppercase;white-space:nowrap}.related-events{margin-top:3rem}@media(max-width:1000px){.event-type-grid{grid-template-columns:repeat(2,minmax(0,1fr))}.browse-deeper .browse-grid{grid-template-columns:1fr;gap:1.6rem}.section-facets{grid-template-columns:1fr;gap:1.5rem}.feed-card{grid-template-columns:120px 1fr;grid-template-areas:"tag date" "summary summary";row-gap:.5rem}.feed-tag{grid-area:tag}.feed-date{grid-area:date;justify-self:end}.feed-summary{grid-area:summary;font-size:1.05rem}.nav-browse-panel{grid-template-columns:1fr;min-width:220px;gap:1rem}}@media(max-width:720px){.declarative-summary{font-size:1.2rem}.tldr{grid-template-columns:repeat(2,minmax(0,1fr))}.tldr .tldr-row:nth-child(2n){border-right:0}.section-subnav a{padding:.85rem;font-size:.78rem}}.transaction-table tbody tr[data-href],.transaction-table tbody tr[data-href] a{cursor:pointer}