M&A

AbbVie To Buy ImmunoGen For $10.1 Billion: Details

By Amit Chowdhry ● Yesterday at 8:24 PM

AbbVie and ImmunoGen recently announced a definitive agreement under which AbbVie will acquire ImmunoGen, and its flagship cancer therapy ELAHERE (mirvetuximab soravtansine-gynx) - a first-in-class antibody-drug conjugate (ADC) approved for platinum-resistant ovarian cancer (PROC). This acquisition accelerates AbbVie's commercial and clinical presence in the solid tumor space. Plus, ImmunoGen's follow-on pipeline of promising next-generation ADCs further complements AbbVie's ADC platform and existing programs.

Why Cyara Is Buying AI Testing Company QBox

By Amit Chowdhry ● Nov 28, 2023

Cyara - the leading AI-powered Customer Experience (CX) Assurance Platform provider - announced today its acquisition of industry-leading conversational AI testing company QBox. This strategic deal significantly expands Cyara’s conversational AI testing capabilities, solidifying its position as a global market leader in chatbot optimization.

Why KKR Is Buying Potter Global Technologies

By Amit Chowdhry ● Nov 28, 2023

Leading global investment firm KKR recently announced that investment funds managed by KKR have acquired Potter Global Technologies, a leading fire and life safety equipment manufacturer, from Gryphon Investors. The financial terms were not disclosed.

Why UpLift Is Buying Minded

By Amit Chowdhry ● Nov 22, 2023

UpLift - a technology-driven behavioral health company delivering in-network therapy and psychiatry - recently announced that it has acquired Minded, an online psychiatry provider with specialized care for women. The deal expands UpLift's ability to deliver team-based therapy and psychiatry to all 50 states and provides a pathway to increase its rapidly growing network of patients and insurers.

Why SplitMetrics Is Buying App Radar

By Amit Chowdhry ● Nov 21, 2023

SplitMetrics - an American startup specializing in app growth solutions - recently announced it has acquired App Radar, an Austrian app marketing and analytics platform, in a seven-figure all-cash deal. This agreement creates the industry’s largest platform providing AI-powered services, including paid user acquisition (UA), app store optimization (ASO), conversion rate optimization, and data analytics.

Fidelity National Financial To Invest About $250 Million In F&G

By Amit Chowdhry ● Nov 16, 2023

Fidelity National Financial (FNF) recently announced its intent to invest approximately $250 million in F&G Annuities & Life, Inc. (F&G). FNF held approximately 85% ownership in F&G as of September 30, 2023.

Why Accenture Is Buying Innotec Security, The Shelby Group, And Solnet

By Amit Chowdhry ● Nov 16, 2023

Accenture recently announced that it is buying Innotec Security, The Shelby Group, and Solnet. These are the details.

Why HubSpot Is Buying B2B Intelligence Company Clearbit

By Amit Chowdhry ● Nov 13, 2023

HubSpot recently announced that it has entered into a definitive agreement to acquire Clearbit, a top B2B data provider, to help HubSpot customers grow with industry-leading customer intelligence.

Why Aktana Is Buying Tact.ai’s Field Engagement And Conversational AI Technology

By Amit Chowdhry ● Nov 4, 2023

Aktana - the leader in intelligent customer engagement for the global life sciences industry - recently announced the acquisition of Tact.ai’s field engagement and conversational AI technology.

SailPoint’s Osirium Acquisition Closed: Details

By Noah Long ● Nov 2, 2023

The UK subsidiary of SailPoint Technologies - a leader in enterprise identity security, recently completed its acquisition of Osirium, a UK-based security company dedicated to solving complex access needs. This deal will feed into the company’s vision to unify visibility, oversight, and protection across all types of access, both regular and highly sensitive, into one solution.

Performant Capital: Acquisition Of SquadUP Completed

By Dan Anderson ● Nov 2, 2023

Performant Capital - a Chicago-based private equity firm focused on investments in SaaS, software, and tech-enabled services companies - recently announced that it has acquired SquadUP, a leading ticketing, event management, and audience engagement platform for clients across a variety of verticals, including food & wine festivals, film festivals, and branded publications events.

Why WEX Is Buying Payzer

By Annie Baker ● Nov 2, 2023

WEX - a global commerce platform that simplifies the business of running a business - recently announced the signing of a definitive agreement to acquire Payzer, which is a high-growth and cloud-based field service management software provider.

Why UPS Is Buying Happy Returns

By Amit Chowdhry ● Nov 2, 2023

UPS recently announced that it has agreed to acquire Happy Returns from PayPal. Happy Returns is a U.S.-based software and reverse logistics company which enables frictionless, no-box, no-label returns for merchants and consumers.

Why Nayax Is Buying Retail Pro International For $36.5 Million

By Dan Anderson ● Nov 1, 2023

Nayax - a global commerce enablement payments and loyalty platform designed to help merchants scale their business - recently announced that it will acquire 100% of Retail Pro International, a global leader in retail Point of Sale (POS) software with Tier 1 global brand names worldwide. After the deal is closed, the deal will meaningfully expand the scope of Nayax’s retail business and solutions to over 9,000 retailers with approximately 150,000 POS lanes in more than 100 countries, including access to an extensive, worldwide partner ecosystem of more than 80 distributors.

Why Outdoor Living Supply Is Buying Apache Stone

By Noah Long ● Nov 1, 2023

Outdoor Living Supply (OLS) - a distribution platform for outdoor living products focusing on hardscapes - recently announced today that it has acquired Apache Stone, a wholly owned subsidiary of Halquist Stone Company. And Apache Stone is a full-service distributor of masonry, hardscape, and landscape supplies. This deal expands OLS’ footprint in the Southwest, adding three strategic locations in Nevada and Arizona.

Why Lumentum Is Buying Cloud Light For $750 Million

By Amit Chowdhry ● Nov 1, 2023

Lumentum Holdings and Cloud Light Technology Limited recently announced that they have entered into a definitive agreement under which Lumentum will acquire Cloud Light with a transaction value of approximately $750 million, subject to certain adjustments. At the time of closing, transaction consideration will be paid in cash, and the assumption and substitution of outstanding unvested Cloud Light options. The transaction has been unanimously approved by the Boards of Directors of both companies and by Cloud Light’s shareholders.

Why Blue Owl Capital Is Buying Funds Managed By Cowen Healthcare Investments

By Amit Chowdhry ● Nov 1, 2023

Blue Owl Capital recently announced an agreement to acquire funds managed by Cowen Healthcare Investments (CHI), a life sciences investment manager, from CIM. The deal is subject to customary closing conditions and is expected to close in the fourth quarter of 2023.

Why Accenture Is Buying Comtech Group And ConcentricLife

By Amit Chowdhry ● Oct 31, 2023

Accenture recently announced that it has acquired Comtech Group and ConcentricLife. These are the details of the deals.

Omnicom Buying Flywheel For About $835 Million: Details

By Amit Chowdhry ● Oct 30, 2023

Omnicom announced today it has agreed to acquire Flywheel Digital, the digital commerce business of Ascential for a net cash purchase price of approximately $835 million. And Flywheel's services enable top brands to sell more goods more efficiently across hundreds of digital marketplaces, such as Amazon, Walmart, and Alibaba.

Databricks To Acquire Arcion: Details

By Amit Chowdhry ● Oct 27, 2023

Data and AI company Databricks announced it has agreed to acquire Arcion, which is a Databricks Ventures portfolio company that helps enterprises quickly and reliably replicate data across on-prem, cloud databases and data platforms. And this will enable Databricks to provide native solutions to ingest data from various databases and SaaS applications into the Databricks Lakehouse Platform. The transaction is valued at over $100 million, inclusive of incentives.

Why EDB Is Buying Splitgraph

By Amit Chowdhry ● Oct 27, 2023

EnterpriseDB (EDB) - a leader in accelerating Postgres in the enterprise - recently announced its acquisition of Splitgraph. This early-stage disruptor offers a Postgres-compatible serverless SQL API for building data-driven applications from hundreds of data sources. This move is considered a meaningful step in EDB's evolution and highlights its commitment to delivering Postgres solutions to customers' evolving challenges across a diverse data landscape.

Waverly Advisors Buying Rainsberger Wealth Advisors: Details

By Amit Chowdhry ● Oct 26, 2023

Waverly Advisors, LLC - a registered investment advisor (RIA) that specializes in investment management, financial planning and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients - recently announced that it has acquired Rainsberger Wealth Advisors based in Colorado Springs, CO. And with ongoing expansion efforts underway, Waverly has recently added offices in Texas and Mississippi, and now Colorado, in addition to their long-time presence in Alabama, Georgia, and Florida.

Sequoia Financial Group Buying M Capital Advisors: Details

By Dan Anderson ● Oct 26, 2023

Sequoia Financial Group - a leading SEC-registered wealth manager with over $15 billion in assets under management as of September 30, 2023 - recently announced it has agreed to acquire M Capital Advisors - which has been providing customized portfolio management services to individuals and institutions for more than three decades. The firms expect the deal to close by October 31. The financial terms were not disclosed.

Stonepeak Buying Textainer For $7.4 Billion: Details

By Annie Baker ● Oct 26, 2023

Textainer Group Holdings Limited - one of the world’s largest lessors of intermodal containers - recently announced that it has entered into a definitive agreement to be acquired by Stonepeak (a leading alternative investment firm specializing in infrastructure and real assets). Upon completing the deal and the redemption of Textainer’s Series A and B cumulative redeemable perpetual preference shares, Textainer will become a privately held company.

AMN Healthcare Buying MSDR For $300 Million: Details

By Annie Baker ● Oct 26, 2023

AMN Healthcare - the leader and innovator in total talent solutions for healthcare organizations across the United States - recently announced a definitive agreement to acquire MSDR for a purchase price of $300 million. MSDR comprises two healthcare staffing companies specializing in locum tenens and advanced practices: Medical Search International (MSI) and DRW Healthcare Staffing (DRW).

Vista Equity Partners Buying EngageSmart For $4 Billion

By Amit Chowdhry ● Oct 26, 2023

EngageSmart - a leading provider of vertically tailored customer engagement software and integrated payments solutions - recently announced that it has entered into a definitive agreement to be acquired by an affiliate of Vista Equity Partners, a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, in an all-cash transaction valued at about $4 billion.

Fortive Buying EA Elektro-Automatik For $1.45 Billion: Details

By Noah Long ● Oct 26, 2023

Fortive Corporation announced that it has entered into a definitive agreement to acquire EA Elektro-Automatik Holding GmbH (EA), a leading supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications, for $1.45 billion in cash, net of $215 million of tax benefits from Bregal Unternehmerkapital. And the deal is subject to customary closing conditions and regulatory approvals and is expected to close in the early first quarter of 2024.

INVO Bioscience And NAYA Biosciences Merging To Establish Expanded Publicly Traded Life Science Company

By Dan Anderson ● Oct 26, 2023

INVO Bioscience (a healthcare services company focused on expanding access to advanced fertility treatment worldwide) and NAYA Biosciences (a company dedicated to increasing patient access to breakthrough treatments in oncology and regenerative medicine) jointly announced that they have entered into a definitive merger agreement for INVO to acquire NAYA Biosciences in an all-stock transaction. Under the terms of the deal, NAYA Biosciences' shareholders will receive 7.3333 shares of INVO for each share of NAYA Biosciences at closing, for approximately 18.15 million shares of INVO. Following the merger's close, the combined company is expected to operate under the name "NAYA Biosciences." Dr. Daniel Teper, Chairman & CEO of NAYA Biosciences, will be named Chairman & CEO of the combined company.

Roche To Buy Telavant From Roivant For Over $7 Billion

By Annie Baker ● Oct 26, 2023

Roivant recently announced the entry into a definitive agreement with Roche to acquire Telavant Holdings (owned by Roivant Sciences Ltd. and Pfizer). The deal includes the development, manufacturing and commercialization rights in the US and Japan for RVT-3101, a novel TL1A directed antibody. And RVT-3101 is a promising new therapy in development for people suffering from inflammatory bowel disease, including ulcerative colitis and Crohn’s disease.

Steve Madden Buying Almost Famous For $52 Million: Details

By Annie Baker ● Oct 26, 2023

Steven Madden (a leading designer and marketer of fashion footwear, accessories and apparel) recently announced that it has completed the acquisition of privately held Almost Famous, a designer and marketer of women’s apparel. Almost Famous markets products under its own brands, primarily Almost Famous, and private label brands for various retailers.

M&A

AbbVie To Buy ImmunoGen For $10.1 Billion: Details

Why Cyara Is Buying AI Testing Company QBox

Why KKR Is Buying Potter Global Technologies

Why UpLift Is Buying Minded

Why SplitMetrics Is Buying App Radar

Fidelity National Financial To Invest About $250 Million In F&G

Why Accenture Is Buying Innotec Security, The Shelby Group, And Solnet

Why HubSpot Is Buying B2B Intelligence Company Clearbit

Why Aktana Is Buying Tact.ai’s Field Engagement And Conversational AI Technology

SailPoint’s Osirium Acquisition Closed: Details

Performant Capital: Acquisition Of SquadUP Completed

Why WEX Is Buying Payzer

Why UPS Is Buying Happy Returns

Why Nayax Is Buying Retail Pro International For $36.5 Million

Why Outdoor Living Supply Is Buying Apache Stone

Why Lumentum Is Buying Cloud Light For $750 Million

Why Blue Owl Capital Is Buying Funds Managed By Cowen Healthcare Investments

Why Accenture Is Buying Comtech Group And ConcentricLife

Omnicom Buying Flywheel For About $835 Million: Details

Databricks To Acquire Arcion: Details

Why EDB Is Buying Splitgraph

Waverly Advisors Buying Rainsberger Wealth Advisors: Details

Sequoia Financial Group Buying M Capital Advisors: Details

Stonepeak Buying Textainer For $7.4 Billion: Details

AMN Healthcare Buying MSDR For $300 Million: Details

Vista Equity Partners Buying EngageSmart For $4 Billion

Fortive Buying EA Elektro-Automatik For $1.45 Billion: Details

INVO Bioscience And NAYA Biosciences Merging To Establish Expanded Publicly Traded Life Science Company

Roche To Buy Telavant From Roivant For Over $7 Billion

Steve Madden Buying Almost Famous For $52 Million: Details

Consumer Tech