Mergers & Acquisitions

Baker McKenzie: Leading Transactional Team Joining Firm In LA

By Amit Chowdhry ● Today at 6:51 AM

Global law firm Baker McKenzie announced that a leading transactional team will join the firm in Los Angeles, enhancing its M&A, private equity, funds, finance, and transactional tax capabilities. This group includes corporate and tax partners Jennifer Broder, Kimberly Chi, David Goldman, Michael Greaney, Tyler Hilton, Judith Kitano, Kelly Kriebs, David Lee, Brett Rodda, Matthew Schonholz, and Nikole Zoumberakis and a group of associates from Munger, Tolles & Olson (MTO).

NVIDIA Buying Run:ai To Make AI Computing Resources More Efficient

By Amit Chowdhry ● Yesterday at 11:22 PM

NVIDIA announced it is buying Run:ai to help customers use AI computing resources more efficiently. Run:ai is a Kubernetes-based workload management and orchestration software provider.

IBM To Buy Hashicorp In $6.4 Billion Deal

By Amit Chowdhry ● Yesterday at 9:53 PM

IBM and HashiCorp (a leading multi-cloud infrastructure automation company) announced they have entered into a definitive agreement under which IBM will buy HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion.

Infinite Reality Acquiring The Drone Racing League For $250 Million

By Amit Chowdhry ● Yesterday at 12:01 PM

Infinite Reality (iR), a leading global provider of virtual and AI-powered immersive experiences, announced it signed a definitive agreement to acquire the Drone Racing League (DRL). This $250 million acquisition supports Infinite Reality's capabilities and IP and boosts its valuation to $3.5 billion.

Betterment Buying Digital Investing Accounts From Goldman Sachs

By Amit Chowdhry ● Apr 25, 2024

CoStar Group To Buy Matterport In $1.6 Billion Deal

By Amit Chowdhry ● Apr 24, 2024

Matterport, a spatial data company leading the digital transformation of the built world, announced that it has entered into a definitive agreement with CoStar Group, a leading provider of online real estate marketplaces, information, and analytics in the property markets, under which CoStar Group will buy all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share, representing an equity value of about $2.1 billion and an enterprise value of about $1.6 billion based on the closing price for CoStar Group common stock on April 19, 2024.

Bruker Signs About A $393 Million Asset Purchase Agreement With NanoString

By Amit Chowdhry ● Apr 24, 2024

Bruker announced that it has entered into a definitive acquisition agreement with NanoString Technologies (based in Seattle, Washington), a leading provider of solutions for spatial transcriptomics and gene expression analysis.

Quanex Building Products To Buy Tyman In $975 Million Deal

By Amit Chowdhry ● Apr 24, 2024

Quanex Building Products announced it had agreed with Tyman on the terms of a recommended cash and share offer. Under this offer, Quanex will buy Tyman's entire issued and to-be-issued share capital for about $1.1 billion in enterprise value.

Planoly To Buy Creator Monetization Company Snipfeed

By Amit Chowdhry ● Apr 24, 2024

Planoly, a leading social media management platform for creators and small businesses, announced the acquisition of Snipfeed, a popular creator monetization tool. This strategic move enhances Planoly's commitment to empowering creators to turn their passions into profitable businesses.

Infosys To Buy in-tech

By Amit Chowdhry ● Apr 22, 2024

Infosys, a digital services and consulting leader, announced it is acquiring in-tech, an engineering R&D services provider focused on the German automotive industry. This strategic deal further strengthens Infosys’ Engineering R&D capabilities and reaffirms its continued commitment to helping global clients navigate their digital engineering journeys.

Apella Wealth: AUM Increased By $464 Million With ClearLogic Financial Addition

By Amit Chowdhry ● Apr 22, 2024

Apella Capital (DBA Apella Wealth), a financial advisory and wealth management firm serving individuals, families, and businesses, announced today that ClearLogic Financial, a registered investment advisor (RIA), has joined the firm. This acquisition establishes Apella’s presence in Reston, VA, and adds to its regional financial planning and investment management capabilities.

Blackstone Makes $1.5 Billion Takeover Bid For Hipgnosis Songs Fund

By Amit Chowdhry ● Apr 21, 2024

Over the weekend, private equity firm Blackstone made a $1.5 billion bid to acquire Hipgnosis Songs Fund. According to the company's website, Hipgnosis Songs Fund features 146 catalogs, 65,413 songs, and 163 Grammy-winning songs. These songs include hits from 50 Cent, Blondie, The Chainsmokers, Chromeo, Enrique Iglesias, Justin Bieber, Justin Timberlake, Kenny Chesney, Mark Ronson, Journey, Neil Young, Nelly, Pusha T, Red Hot Chili Peppers, and Shakira.

Raymond James Adds $170 Million Financial Advisor Team In Indiana

By Amit Chowdhry ● Apr 20, 2024

Raymond James’ Midwest division director for the firm’s independent advisor channel Raymond James Financial Services (RJFS), David Sisemore, announced that the firm has recently welcomed financial advisors Jefferson Hankins, CFP, and Kurt Boggs, CFP, to RJFS. These advisors are founders of Hankins & Boggs Group, a Reynolds Wealth Management branch in Warsaw, Indiana.

Hometree: Funding Raised From BlackRock And Renewable Installers Acquired

By Amit Chowdhry ● Apr 20, 2024

Hometree, a rapidly growing residential energy services company, announced it had secured its first debt facility from funds and accounts managed by BlackRock. This is a major step in its mission to support the decarbonization of millions of homes across the UK.

Janney Brings In $600 Million Shore To Shore Private Wealth Team

By Amit Chowdhry ● Apr 20, 2024

Janney Montgomery Scott, a leading full-service wealth management, capital markets, and asset management firm, announced the addition of Shore to Shore Private Wealth in Lewes, Delaware. The Shore to Shore team is headed by Financial Advisor Michael Koppenhaver, Executive Vice President/Wealth Management. And he is joined by Account Executive Susan Damask, Senior Registered Client Relationship Associate Amy Gibson, and Private Client Associate April E. Smith. The team previously worked with Merrill Lynch.

Altair Buying Modern Data Fabric Provider Cambridge Semantics

By Amit Chowdhry ● Apr 20, 2024

Altair, a global leader in computational intelligence, acquired Cambridge Semantics, a modern data fabric provider and creator of leading analytical graph databases. And Cambridge Semantics' graph-powered data fabric technology accelerates the creation of comprehensive enterprise knowledge graphs, integrating the complex web of structured and unstructured enterprise data into a single, simplified view.

Arcline Completes $1.8 Billion Acquisition Of Kaman

By Amit Chowdhry ● Apr 20, 2024

Kaman Corporation announced the completion of its acquisition by Arcline Investment Management, L.P. in an all-cash transaction with a total enterprise value of approximately $1.8 billion. This deal was announced on January 19, 2024, and was approved by Kaman shareholders on April 17, 2024.

BeyondTrust To Buy Privilege Management Company Entitle

By Amit Chowdhry ● Apr 17, 2024

BeyondTrust, a leader in intelligent identity and access security, announced a definitive agreement to acquire Entitle, a privilege management solution company that discovers, manages, and automates just-in-time (JIT) access and modern identity governance and administration (IGA).

Accenture Federal Services To Buy Cognosante

By Amit Chowdhry ● Apr 17, 2024

Accenture Federal Services has agreed to acquire Cognosante, a mission-driven provider of digital transformation and cloud modernization solutions for federal health, defense, intelligence, and civilian agencies. The terms of the deal were undisclosed.

Armis Buying Silk Security For $150 Million

By Amit Chowdhry ● Apr 17, 2024

Armis announced it has acquired Silk Security for a total of $150 million and will integrate the Silk Platform into the Armis Centrix AI-based Vulnerability Prioritization and Remediation solution to enhance its capabilities and now be able to provide security teams with a consolidated view of security findings that encompass all sources of data from on-premise devices to cloud compute, code, and application security tools, and fully manage and automate remediation.

Diversify Advisor Network Brings In $645 Million Key Advisors Wealth Management Team

By Amit Chowdhry ● Apr 16, 2024

Diversify Advisor Network, an advisor-founded and advisor-led wealth management firm, announced that Key Advisors Wealth Management, a Delaware-based fee-only firm with $645 million in assets under management (AUM), is joining Diversify Wealth Management to take advantage of its Partner Platform affiliation model.

Arax Buying $9 Billion Wealth Manager U.S. Capital Wealth Advisors

By Amit Chowdhry ● Apr 16, 2024

Arax Investment Partners, a premier wealth management platform company backed by RedBird Capital Partners, announced the addition of U.S. Capital Wealth Advisors (USCWA), an independent Houston, Texas-based hybrid wealth management firm, manages about $9 billion in AUM/A across over 5,500 clients and 62 advisors.

Sequoia Financial Group Buys AltruVista

By Amit Chowdhry ● Apr 10, 2024

Sequoia Financial Group, a leading SEC-registered wealth manager with over $18 billion in assets under management as of March 31, 2024, announced it had acquired AltruVista, an SEC-registered investment advisor offering independent and holistic financial planning and asset management services to high-net-worth clients. The financial terms were not disclosed.

DataStax Buying Langflow Creator Logspace

By Amit Chowdhry ● Apr 9, 2024

GenAI data company DataStax announced it has entered into a definitive agreement to acquire AI startup Logspace, the creators of Langflow, an open-source visual framework for building retrieval-augmented generation (RAG) applications.