Mergers & Acquisitions

Bugcrowd Buys Mayhem Security To Advance AI-Based Human-In-The-Loop Cybersecurity Platform

By Amit Chowdhry ● Nov 4, 2025

Bugcrowd has announced the acquisition of Mayhem Security, an AI offensive security pioneer founded by Carnegie Mellon University researchers Dr. David Brumley and Dr. Thanassis Avgerinos. The acquisition accelerates Bugcrowd’s mission to integrate human ingenuity with AI-driven automation, creating an adaptive security platform that continuously identifies and mitigates vulnerabilities throughout the software development lifecycle. Terms of the deal were not disclosed.

Denny’s Being Acquired For $620 Million By TriArtisan, Treville, And Yadav

By Amit Chowdhry ● Nov 3, 2025

Denny’s announced that it has entered into a definitive agreement to be acquired by a consortium led by TriArtisan Capital Advisors, Treville Capital Group, and Yadav Enterprises in an all-cash transaction valued at approximately $620 million. The agreement, unanimously approved by Denny’s Board of Directors, will result in the company becoming privately held.

Mark Walter Finalizes Majority Acquisition Of Los Angeles Lakers

By Amit Chowdhry ● Nov 3, 2025

Following unanimous approval from the NBA Board of Governors, billionaire investor Mark Walter has officially completed his acquisition of a majority stake in the Los Angeles Lakers. The deal ushers in a new era for one of the most storied franchises in professional sports, with a focus on sustaining championship excellence while deepening its commitment to innovation and community impact.

Philadelphia Insurance Companies Acquires Ignyte’s Collector Vehicle Division in $615 Million Deal

By Amit Chowdhry ● Nov 3, 2025

Philadelphia Insurance Companies (PHLY) announced the acquisition of Ignyte Insurance’s Collector Vehicle Division in a deal valued at $615 million. The deal brings four leading brands—American Collectors Insurance, J.C. Taylor Insurance, Condon Skelly, and Heacock Classic—under the PHLY umbrella.

Ignite Visibility Acquires EverConnect From EverCommerce To Expand Marketing Capabilities

By Amit Chowdhry ● Nov 3, 2025

Ignite Visibility has acquired EverConnect, the marketing technology services platform of EverCommerce, to strengthen its position as a leading provider of tailored marketing solutions for franchises and multi-location brands.

Carrington To Buy Reliance First Capital From Tiptree

By Amit Chowdhry ● Nov 3, 2025

Carrington Holding Company announced that it has agreed to acquire Reliance First Capital from Tiptree. This move will add a direct-to-consumer retail channel to its mortgage operations. The acquisition is designed to create a more balanced, competitive, and resilient mortgage platform for the company’s nationwide real estate and lending activities.

AssetMark Expands RIA Presence With Acquisition Of Efficient Advisors And $3 Billion In Client Assets

By Amit Chowdhry ● Nov 3, 2025

AssetMark Financial announced its plan to acquire Efficient Advisors, an asset management platform overseeing $3 billion in client assets, from Fiduciary Services Group (FSG). The acquisition strengthens AssetMark’s position within the registered investment advisor (RIA) channel and supports its long-term strategy to expand its wealth management capabilities through both organic and strategic growth.

iA Financial Completes Acquisition Of RF Capital Group, Expanding National Wealth Management Platform Beyond $330 Billion In Assets

By Amit Chowdhry ● Nov 3, 2025

iA Financial has officially completed its acquisition of RF Capital Group, marking a significant expansion of its Canadian wealth management business and strengthening its position as one of the country’s leading non-bank financial platforms.

NUBURU: Defense Transformation Advanced With Completion Of First Phase In Orbit Acquisition

By Amit Chowdhry ● Nov 3, 2025

NUBURU, a global pioneer in blue-laser innovation and defense technology, has completed the first phase of its planned acquisition of Orbit S.r.l., marking a significant step in the company’s expansion into software-driven defense and security solutions. The deal establishes a strong foothold in the multi-billion-dollar market for operational resilience and crisis management technologies.

Vector Capital: Acquisition Of Showpad Finalized And New CEO Appointed

By Amit Chowdhry ● Nov 3, 2025

Vector Capital Management, a technology-focused investment firm based in San Francisco, has completed its acquisition of Showpad, a global leader in AI-driven revenue enablement technology. The deal combines Showpad with Vector’s portfolio company, Bigtincan, to form a unified organization operating under the Showpad brand. The combined company aims to create a comprehensive AI-native revenue effectiveness platform designed to support field-selling organizations worldwide.

Chewy To Buy SmartEquine In Strategic Move To Expand Equine Health And Wellness Offerings

By Amit Chowdhry ● Nov 3, 2025

Chewy, a leader in pet food, supplies, and healthcare, announced that it has entered into a definitive agreement to acquire SmartPak Equine from Covetrus. The acquisition will expand Chewy’s presence in the equine health category and enhance its portfolio in the high-margin pet wellness sector.

CoreWeave Buying Marimo To Expand Unified AI Developer Platform

By Amit Chowdhry ● Nov 3, 2025

CoreWeave announced that it has entered into a definitive agreement to acquire Marimo Inc., the company behind the open-source marimo notebook. Marimo’s AI-native, reactive development environment for Python is designed for AI and data workloads, and its integration will strengthen CoreWeave’s mission to build the most comprehensive developer platform for artificial intelligence.

Cetera: $365 Million Advisor Christian Benard Joins Avantax Network

By Amit Chowdhry ● Nov 3, 2025

Cetera Financial Group has announced that long-time Commonwealth Financial Network advisor Christian R. Benard, CFP, EA, AIF, has joined its community of tax-focused financial professionals under Avantax. Benard’s firm, Innovative Financial, based in Troy, Michigan, manages approximately $365 million in assets under administration and integrates wealth management with comprehensive tax services.

Platinum Equity: Acquisition Of PlayPower Finalized

By Amit Chowdhry ● Nov 3, 2025

Platinum Equity has officially completed its acquisition of PlayPower, a global leader in the design and manufacturing of recreational and outdoor living systems, from Littlejohn & Co.. The deal adds another major brand to Platinum Equity’s growing portfolio, strengthening its position in the outdoor recreation and consumer products sectors.

Vodafone To Buy Skaylink For €175 Million To Bolster Cloud, Security, and AI Capabilities

By Amit Chowdhry ● Nov 3, 2025

Vodafone Group Plc announced that it has entered into a binding agreement to acquire 100% of Skaylink GmbH for €175 million. The acquisition is primarily funded by Waterland and is expected to strengthen Vodafone’s capabilities in cloud computing, digital transformation, and cybersecurity.

Publicis To Buy HEPMIL Media Group

By Amit Chowdhry ● Nov 3, 2025

Publicis Groupe announced that it has entered into a definitive agreement to acquire HEPMIL Media Group, Southeast Asia’s leading influencer, content, and social agency. The acquisition will strengthen Publicis Groupe’s presence in the fast-growing creator economy and further position it as the region’s most data-driven influencer marketing network.

Abry Partners Buying Portfolio Holding From Capital Z Partners

By Amit Chowdhry ● Nov 3, 2025

Abry Partners, a Boston-based private equity firm, has announced an agreement to acquire Portfolio Holding, Inc. from Capital Z Partners, LP, a New York-based private equity firm. The transaction is subject to customary closing conditions, and financial terms were not disclosed.

AIG To Buy 35% Stake In Convex And 9.9% In Onex In $2.7 Billion Strategic Investment

By Amit Chowdhry ● Nov 3, 2025

American International Group announced plans to make two significant strategic investments, acquiring a 35% equity interest in Convex Group Limited, a global specialty insurer, and a 9.9% ownership stake in Onex Corporation, a global alternative asset manager. The dual transactions, valued at approximately $2.7 billion in total, are designed to strengthen AIG’s earnings profile and expand its exposure to specialty insurance and higher-yielding investment opportunities.

Kimberly-Clark To Acquire Kenvue In $48.7 Billion Deal

By Amit Chowdhry ● Nov 3, 2025

Kimberly-Clark announced plans to acquire Kenvue in a cash and stock transaction valuing the consumer health company at an enterprise value of approximately $48.7 billion. The deal, unanimously approved by both boards, will create a combined global leader with roughly $32 billion in annual net revenues and $7 billion in adjusted EBITDA. The transaction, based on the closing price of Kimberly-Clark stock on October 31, 2025, represents an acquisition multiple of about 14.3x Kenvue’s last twelve months adjusted EBITDA, or 8.8x when including expected run-rate savings of $2.1 billion. Kenvue is known for brands like Tylenol, Band-Aid, Listerine, Neutrogena, Aveeno, Zyrtec, Imodium, and Nicorette. And Kimberly-Clark is known for Huggies, Pull-Ups, Kleenex, Scott, Cottonelle, Depend, Kimwipes, and Safeskin.

Cerberus Capital Management Buying BROCC Finance To Expand Into European NPL Asset Management

By Amit Chowdhry ● Nov 3, 2025

Cerberus Capital Management, a global alternative investment firm, has completed its acquisition of BROCC Finance AB, a technology-driven Swedish banking group specializing in consumer finance across the Nordic region. The transaction follows regulatory approval from the Swedish Financial Supervisory Authority and marks Cerberus’ latest strategic investment in European financial services.

Ping Identity To Buy Keyless To Advance Global Privacy-Preserving Biometric Authentication

By Amit Chowdhry ● Nov 3, 2025

Ping Identity announced it has signed a definitive agreement to acquire London-based Keyless, a pioneer in privacy-preserving biometric authentication. The acquisition aims to enhance Ping’s capabilities in secure, passwordless access and strengthen digital identity assurance across global enterprises. The transaction remains subject to customary closing conditions and regulatory approvals.

Apiphani Buys Tradeoff Software To Enhance AI-Native Product And Engineering Leadership

By Amit Chowdhry ● Nov 3, 2025

Apiphani, an AI-native technology services and automation company focused on mission-critical enterprise applications, announced its acquisition of Tradeoff Software, an AI-driven product development firm founded by Braden Ericson. The acquisition enhances Apiphani’s product and engineering capabilities as the company continues advancing its proprietary automation and observability platform, luumen.

F3 Law And Kriha Boucek Combining To Form National Education Law Powerhouse

By Amit Chowdhry ● Nov 3, 2025

Fagen Friedman & Fulfrost (F3 Law), one of the nation’s leading education law firms, announced that Illinois-based Kriha Boucek (KB) will join the firm effective January 1, 2026. The combination will create one of the largest and most experienced education law practices in the United States, with more than 150 attorneys across 11 offices nationwide.

NewPoint And Morgan Properties Close $350 Million Oversubscribed Fund Focused On Affordable Housing Investments

By Amit Chowdhry ● Nov 2, 2025

NewPoint Impact Fund I has completed its final close with $348 million in equity commitments, surpassing its original target range of $250 million to $275 million. The inaugural fund, co-sponsored by NewPoint Real Estate Capital and Morgan Properties, attracted participation from more than 180 institutional and individual investors across the United States, indicating strong investor interest in mission-driven housing investments.

Osaic Onboards $143 Million Firm Four Pillars

By Amit Chowdhry ● Nov 2, 2025

Osaic, one of the nation’s largest providers of wealth management strategies, announced that Four Pillars Investment Management has joined its expanding network of independent advisors. Based in Cape Coral, Florida, the Four Pillars team, led by Investment Advisor John T. Evans, brings approximately $143 million in client assets under management to Osaic. The firm’s team also includes client service associate Pamela Evans and operations support specialist Jennifer Moss.

PharmaDrug To Buy 40% Stake in Canurta, Expanding Botanical Therapeutics Portfolio

By Amit Chowdhry ● Nov 2, 2025

Toronto-based PharmaDrug, a specialty pharmaceutical company focused on the development and commercialization of natural medicines, announced it has signed a definitive securities exchange agreement with Canurta Limited Partnership and its limited partners, the parent entity of Canurta Inc. The transaction marks a significant step in PharmaDrug’s strategy to advance its biotechnology footprint through innovative botanical therapeutics.

BKV Buying Controlling Stake In Power JV To Expand Energy Platform

By Amit Chowdhry ● Nov 2, 2025

BKV Corporation announced that it has entered into a definitive purchase agreement with Banpu Power US Corporation (BPPUS) to acquire one-half of BPPUS’ ownership interest in BKV-BPP Power. Upon closing, BKV will hold a 75% controlling stake in the power joint venture, furthering its long-term growth and energy diversification strategy.

Morgan Stanley To Buy EquityZen, Expanding Its Private Markets Ecosystem

By Amit Chowdhry ● Nov 2, 2025

Morgan Stanley announced that it has agreed to acquire New York-based EquityZen, a leading marketplace for private shares. The acquisition is expected to strengthen Morgan Stanley’s position in private markets by enhancing its end-to-end service offerings for private companies, employees, and investors.

Uncommon Equity Buys Michigan-Based HopCat Casual Dining Chain

By Amit Chowdhry ● Nov 2, 2025

Uncommon Equity (UEQ), a Chicago-based private investment partnership, has acquired Grand Rapids-based Project BarFly, the parent company of the HopCat restaurant group. The deal expands UEQ’s portfolio with one of Michigan’s most recognizable casual dining brands. Financial details of the transaction were not disclosed.

SocialNext Buys Marketing News Canada, Expanding National Media Platform

By Amit Chowdhry ● Nov 2, 2025

SocialNext, one of Canada’s leading marketing conference series and professional communities, has announced the acquisition of Marketing News Canada (MNC), a national media platform known for its podcasts, industry news, and storytelling. The acquisition brings together two major brands that share a mission to strengthen and celebrate Canada’s marketing industry nationwide.