Innovation

Butterfly Equity To Acquire Sabert, Expanding Its Global Food Packaging Portfolio

By Amit Chowdhry ● Sep 24, 2026

Butterfly Equity, a Los Angeles-based private equity firm specializing in the food and beverage industry, has entered into a definitive agreement to acquire Sabert Holding Corp., a global manufacturer of food packaging solutions. The acquisition expands Butterfly's portfolio of businesses serving the food industry and provides an opportunity to support Sabert's continued growth across foodservice, grocery, restaurant, and food processing markets. Financial terms were not disclosed, and the transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.

AVS Bio Acquires Biorbyt To Expand Global Biomaterials And Life Sciences Research Platform

By Amit Chowdhry ● Sep 24, 2026

AVS Bio, a portfolio company of Arlington Capital Partners, has acquired Biorbyt, a Cambridge, UK-based supplier of research antibodies, proteins, and other biomaterials. The acquisition expands AVS Bio's product catalog and international distribution capabilities while adding an established e-commerce platform serving pharmaceutical companies, biotechnology businesses, and academic institutions. Financial terms were not disclosed.

Bio-Techne Shareholders Approve Acquisition By Merck As U.S. Antitrust Waiting Period Expires

By Amit Chowdhry ● Sep 24, 2026

Bio-Techne, a Minneapolis-based provider of life sciences tools, reagents, and diagnostic products, has announced that its shareholders have approved the company's proposed acquisition by Merck KGaA, Darmstadt, Germany. The approval, obtained at a special shareholder meeting on September 23, 2026, represents a significant milestone toward completing the transaction. The companies also confirmed that the applicable U.S. antitrust waiting period expired on September 18. The acquisition remains subject to outstanding regulatory approvals and other customary closing conditions, with completion expected by late 2026 or early 2027.

Persistent Secures 83.25% Of Nagarro In €81-Per-Share Takeover Offer And Plans Delisting

By Amit Chowdhry ● Sep 24, 2026

Persistent Systems has announced that its voluntary public takeover offer for Nagarro SE has exceeded the required acceptance threshold, with approximately 83.25% of Nagarro's share capital and voting rights secured through tendered shares and an existing purchase agreement. The offer, conducted through Persistent's wholly owned subsidiary Galaxy Germany Holding SE, provides shareholders with €81 in cash per share. An additional acceptance period runs from September 23 through October 6, 2026, with the transaction expected to close by the end of the first quarter of calendar year 2027, subject to outstanding regulatory approvals.

Constellation Cold Logistics Appoints Abhy Maharaj As CEO, With Carlos Rodriguez Moving To Advisory Board

By Amit Chowdhry ● Sep 24, 2026

Constellation Cold Logistics, a European cold storage and logistics provider, has appointed Abhy Maharaj as Chief Executive Officer, effective October 1, 2026. Maharaj will succeed Carlos Rodriguez, who will transition to Constellation's Advisory Board and continue supporting the company's mergers and acquisitions strategy. The leadership transition comes as Constellation expands its European operations, which now span 10 countries and approximately 1.2 million pallet positions of cold storage capacity.

Norton Rose Fulbright Adds Tim Ribelin As Healthcare Litigation Partner In Austin

By Amit Chowdhry ● Sep 24, 2026

FORTÉ Appoints Christopher Mounts As Global CEO And Matt Winger As Global CFO

By Amit Chowdhry ● Sep 24, 2026

FORTÉ, a Minneapolis-based provider of audiovisual, communications, and workplace collaboration technology, has appointed Christopher Mounts as Global Chief Executive Officer, effective October 1, 2026. Mounts, who currently serves as the company's Chief Financial Officer, will succeed Jeff Stoebner, who is transitioning to Executive Chairman after serving as CEO since 2009. The company also announced that Matt Winger, currently Executive Vice President of Finance, will become Global Chief Financial Officer.

Devolutions Launches Venture Arm To Invest In IT, MSP, AI And Secure Access Technologies

By Amit Chowdhry ● Sep 24, 2026

Devolutions has launched Devolutions Ventures, a new corporate venture division focused on investing in companies and projects serving IT teams and managed service providers across areas including secure access, network performance, automation, and other technologies used in day-to-day IT operations.

Crux Analytics Raises $2.2 Million In Seed Funding Led By Castle Creek Launchpad

By Amit Chowdhry ● Sep 24, 2026

Crux Analytics, a New York-based fintech company helping financial institutions acquire and retain small business customers, has raised $2.2 million in seed funding, bringing its total funding to $3.2 million. The round was led by Castle Creek Launchpad, a joint venture fund backed by 34 community banks, with additional participation from Chartway Ventures, One Washington Financial, and Curql, three credit union investment funds. The funding will support team expansion and product development as Crux grows its relationship intelligence platform for financial institutions.