M&A

The Merger Of The PGA And LIV Golf: Details

By Amit Chowdhry ● Jun 7, 2023

The PGA TOUR, DP World Tour, and the Public Investment Fund (PIF) recently announced a landmark agreement to unify the game of golf, on a global basis. These parties have signed an agreement that combines PIF’s golf-related commercial businesses and rights - including LIV Golf - with the commercial businesses and rights of the PGA TOUR and DP World Tour into a new and collectively owned for-profit entity to ensure that all stakeholders benefit from a model that delivers maximum excitement and competition among the game’s best players.

Why Carlyle Is Buying Meopta

By Dan Anderson ● Jun 3, 2023

Global investment firm Carlyle announced recently that it has agreed to acquire Meopta Optika, a manufacturer of optical, opto-mechanical, and opto-electronic solutions.

Stratasys And Desktop Metal Combining In $1.8 Billion In All-Stock Deal: Details

By Amit Chowdhry ● May 27, 2023

Stratasys Ltd. and Desktop Metal announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock transaction valued at approximately $1.8 billion. And the deal unites the polymer strengths of Stratasys with the complementary industrial mass production leadership of Desktop Metal’s brands, creating an additive manufacturing company that is expected to be well-positioned to serve the evolving needs of customers in manufacturing.

Why Chevron Is Buying PDC Energy For $6.3 Billion

By Dan Anderson ● May 27, 2023

Chevron Corporation announced that it has entered into a definitive agreement with PDC Energy to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share. And based on Chevron’s closing price on May 19, 2023, and under the terms of the agreement, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share. The total enterprise value, including debt, of the transaction is $7.6 billion.

Mizuho Buying M&A Advisory Firm Greenhill: Details

By Amit Chowdhry ● May 25, 2023

Mizuho Financial Group and Greenhill & Co. announced recently a definitive agreement for Mizuho to acquire Greenhill in an all-cash transaction at $15 per share, reflecting an enterprise value of approximately $550 million, including assumed debt.

Sentinel Capital Selling ECM Industries To nVent For $1.1 Billion: Details

By Dan Anderson ● May 25, 2023

Private equity firm Sentinel Capital Partners recently announced the sale of portfolio company ECM Industries to nVent Electric plc for a purchase price of $1.1 billion.

Why eBay Is Buying Certilogo

By Annie Baker ● May 22, 2023

eBay and Certilogo, a provider of AI-powered apparel and fashion goods digital IDs and authentication announced that eBay has signed a definitive agreement to acquire Certilogo. These are the details.

Why TPG Is Buying Angelo Gordon For $2.7 Billion

By Amit Chowdhry ● May 15, 2023

TPG - a leading global alternative asset management firm - and Angelo Gordon, a $73 billion alternative investment firm focused on credit and real estate investing - announced that the companies have entered into a definitive agreement under which TPG will acquire Angelo Gordon in a cash and equity transaction valued at approximately $2.7 billion (based on TPG's share price as of May 12, 2023), including an estimated $970 million in cash and up to 62.5 million common units of the TPG Operating Group and restricted stock units of TPG, in each case, subject to certain adjustments. The deal also includes an earnout based on Angelo Gordon’s future financial performance, valued at up to $400 million.

Why Bosch Is Buying TSI Semiconductors For $1.5 Billion

By Amit Chowdhry ● Apr 27, 2023

Bosch - which has plans to expand its semiconductor business with silicon carbide chips - announced plans to acquire assets of the U.S. chipmaker TSI Semiconductors, based in Roseville, California. With a workforce of 250, the company is a foundry for application-specific integrated circuits (ASICs).

Why SEGA Is Buying Rovio Entertainment For €706 Million

By Amit Chowdhry ● Apr 19, 2023

Why Merck Is Buying Prometheus Biosciences For About $10.8 Billion

By Amit Chowdhry ● Apr 19, 2023

Merck (known as MSD outside the United States and Canada) and Prometheus Biosciences recently announced that the companies have entered into a definitive agreement under which Merck, through a subsidiary, has agreed to buy Prometheus for $200 per share in cash for a total equity value of approximately $10.8 billion.

Acuity Brands To Buy KE2 Therm

By Dan Anderson ● Apr 18, 2023

Acuity Brands recently announced a definitive agreement to buy KE2 Therm Solutions. These are the details.

Why Arch Insurance Acquired Thimble

By Annie Baker ● Apr 18, 2023

Arch Insurance announced it has acquired Thimble, which is a leading insurtech platform for small business customers and agents.

Precision Medicine Company Function Oncology Raises $28 Million

By Amit Chowdhry ● Apr 17, 2023

Function Oncology - a precision medicine company advancing a CRISPR-powered personalized functional genomics platform to transform the future of targeted cancer treatment - announced its launch with $28 million in Series A financing. The funding was led by a16z and Section 32, with participation from Casdin Capital and Alexandria Venture Investments.

Digital Transaction And Video Verification Company Branddocs Buys TrustCloud

By Noah Long ● Apr 17, 2023

Branddocs - a provider of secure digital transactions and video verification services - has announced it is acquiring TrustCloud, the world's first choreographing platform for secure digital transactions, in a move that strengthens its commitment to building trust and confidence in the digital economy.

Video Editing SaaS Company VideoVerse Buys Reely.ai

By Dan Anderson ● Apr 17, 2023

Leading video editing SaaS company VideoVerse announced its acquisition of Reely.ai, a prominent Esports AI-Powered content creation, and social media distribution company.

Business Management Company DaySmart Software Buys ReCPro

By Amit Chowdhry ● Apr 17, 2023

DaySmart Software - a leading provider of vertically focused business management software - announced the acquisition of R.C. Systems Inc. (a.k.a. ReCPro Software) and veteran provider of recreation management software based in Warren, MI.

Careem Launches A Spinout With $400 Million Investment

By Annie Baker ● Apr 13, 2023

Careem - an Uber-owned ride-hailing company - announced a spinout with major backing from Abu Dhabi-based tech holding company e&.

Emerson To Buy National Instruments For $8.2 Billion

By Amit Chowdhry ● Apr 12, 2023

Emerson and NI announced that they have entered into a definitive agreement under which Emerson will acquire NI for $60 per share in cash at an equity value of $8.2 billion.

Why Savvy Games Is Buying Scopely For $4.9 Billion

By Amit Chowdhry ● Apr 9, 2023

Savvy Games Group - which is wholly owned by Saudi Arabia’s Public Investment Fund (PIF) - announced it has entered into an agreement to buy Scopely for $4.9 billion.

Why SoFi Is Buying Fintech Mortgage Lender Wyndham Capital

By Noah Long ● Apr 6, 2023

SoFi Technologies - a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest, and protect their money - recently announced it is buying Wyndham Capital Mortgage, a leading fintech mortgage lender in an all-cash transaction.

Platinum Equity Acquires Majority Interest In Tarter Farm And Ranch Equipment

By Noah Long ● Apr 6, 2023

Platinum Equity recently announced the acquisition of a majority interest in Tarter Farm and Ranch Equipment from affiliates of the company's founders.

Extra Space Storage And Life Storage Merging In $12.7 Billion Deal: Details

By Amit Chowdhry ● Apr 4, 2023

Extra Space Storage Inc. (NYSE: EXR) and Life Storage, Inc. (NYSE: LSI) announced that the two companies have entered into a definitive merger agreement by which Extra Space will acquire Life Storage for $12.7 billion.

UserTesting And UserZoom Merging To Create Experience Research Powerhouse

By Noah Long ● Apr 4, 2023

Video-based human insight leader UserTesting and UX insights leader UserZoom have announced a merger. This new company will use the UserTesting company name and be led by the current UserTesting Chief Executive Officer Andy MacMillan, and a combined executive team.

Mars To Buy Heska For $1.3 Billion: Details

By Annie Baker ● Apr 4, 2023

Mars, Incorporated and Heska Corporation announced this week that they have entered into a definitive agreement under which Mars will acquire Heska, a global provider of advanced veterinary diagnostic and specialty products for $120 per share.

Endeavor To Merge UFC And WWE As Part Of $21 Billion Deal: Details

By Amit Chowdhry ● Apr 4, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR) and World Wrestling Entertainment, Inc. (NYSE: WWE) announced that they have signed a definitive agreement to form a new publicly listed company consisting of two iconic complementary, global sports and entertainment brands: UFC and WWE. And upon the close, Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company.

Ovintiv Buying Core Midland Basin Assets For $4.275 Billion

By Amit Chowdhry ● Apr 4, 2023

Ovintiv announced it has entered into a definitive purchase agreement to acquire substantially all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy, and Piedra Resources (NMB sellers), which are portfolio companies of funds managed by EnCap Investments L.P. in a cash and stock transaction valued at approximately $4.275 billion.

nVent Electric Buying ECM Investors For $1.1 billion

By Annie Baker ● Apr 3, 2023

nVent Electric has entered into a definitive agreement to buy ECM Investors, LLC, the parent of ECM Industries, LLC, for a purchase price of $1.1 billion, subject to customary adjustments. ECM Industries is a leading provider of high-value electrical connectors, tools and test instruments, and cable management.

Why Cyara Is Buying Spearline

By Amit Chowdhry ● Mar 29, 2023

Cyara announced it is buying Spearline. This is why.

Why WPP Is Buying Obviously

By Amit Chowdhry ● Mar 29, 2023

This week, WPP announced the acquisition of Obviously

M&A

The Merger Of The PGA And LIV Golf: Details

Why Carlyle Is Buying Meopta

Stratasys And Desktop Metal Combining In $1.8 Billion In All-Stock Deal: Details

Why Chevron Is Buying PDC Energy For $6.3 Billion

Mizuho Buying M&A Advisory Firm Greenhill: Details

Sentinel Capital Selling ECM Industries To nVent For $1.1 Billion: Details

Why eBay Is Buying Certilogo

Why TPG Is Buying Angelo Gordon For $2.7 Billion

Why Bosch Is Buying TSI Semiconductors For $1.5 Billion

Why SEGA Is Buying Rovio Entertainment For €706 Million

Why Merck Is Buying Prometheus Biosciences For About $10.8 Billion

Acuity Brands To Buy KE2 Therm

Why Arch Insurance Acquired Thimble

Precision Medicine Company Function Oncology Raises $28 Million

Digital Transaction And Video Verification Company Branddocs Buys TrustCloud

Video Editing SaaS Company VideoVerse Buys Reely.ai

Business Management Company DaySmart Software Buys ReCPro

Careem Launches A Spinout With $400 Million Investment

Emerson To Buy National Instruments For $8.2 Billion

Why Savvy Games Is Buying Scopely For $4.9 Billion

Why SoFi Is Buying Fintech Mortgage Lender Wyndham Capital

Platinum Equity Acquires Majority Interest In Tarter Farm And Ranch Equipment

Extra Space Storage And Life Storage Merging In $12.7 Billion Deal: Details

UserTesting And UserZoom Merging To Create Experience Research Powerhouse

Mars To Buy Heska For $1.3 Billion: Details

Endeavor To Merge UFC And WWE As Part Of $21 Billion Deal: Details

Ovintiv Buying Core Midland Basin Assets For $4.275 Billion

nVent Electric Buying ECM Investors For $1.1 billion

Why Cyara Is Buying Spearline

Why WPP Is Buying Obviously

Consumer Tech