Mergers & Acquisitions

Medline Buying Surgical Solutions Business From Ecolab For $950 Million

By Amit Chowdhry ● May 1, 2024

Medline announced that it has entered into a definitive agreement to acquire Ecolab's global surgical solutions business, including the Microtek product lines. Once the deal is closed, the acquisition will provide Medline with innovative sterile drape solutions for surgeons, patients, operating room equipment, and Ecolab’s fluid temperature management system.

ONO Pharmaceutical Buying Deciphera Pharmaceuticals For $2.4 Billion

By Amit Chowdhry ● May 1, 2024

Deciphera Pharmaceuticals (a biopharmaceutical company focused on discovering, developing, and commercializing important new medicines to improve the lives of people with cancer) announced that it has entered into a definitive merger agreement with ONO Pharmaceutical. ONO will acquire all outstanding shares of Deciphera common stock for $25.60 per share in cash through a tender offer followed by a merger of Deciphera with a wholly-owned subsidiary of ONO for a total equity value of $2.4 billion. The boards of directors of both companies have unanimously approved the deal.

The Riverside Company And Co-Investors Buying The Townsend Group From Aon

By Amit Chowdhry ● Apr 30, 2024

The Riverside Company announced that its affiliate signed a definitive agreement to acquire The Townsend Group from Aon, a leading global professional services firm. A group of leading institutions are co-investing along with Riverside in the transaction, including Bluerock, MLC Private Equity and Ten Capital Management - which also acted as an advisor to Riverside in the transaction.

WindRose Health: Majority Growth Investment In Subjectwell Completed

By Amit Chowdhry ● Apr 30, 2024

WindRose Health Investors, a New York-based healthcare private equity firm, announced it has completed the acquisition of SubjectWell, the patient access marketplace that connects people with health conditions to care options. The terms of the deal were not disclosed.

Hologic Buying Endomagnetics For About $310 Million

By Amit Chowdhry ● Apr 30, 2024

Hologic, a global leader in women’s health, announced that it signed a definitive agreement to acquire Endomagnetics (Endomag), a privately held developer of breast cancer surgery technologies, for about $310 million, subject to working capital and other customary closing adjustments.

CASE Merging With CyberKinetics

By Amit Chowdhry ● Apr 30, 2024

CASE, a provider of high-end software development and cloud engineering services, announced that it has merged with CyberKinetics, a specialist provider of cloud-based services and cyber solutions to the national security community’s most discerning customers. Financial terms of the private transaction were not disclosed.

Lear Acquires WIP Industrial Automation To Enhance AI Capabilities

By Amit Chowdhry ● Apr 29, 2024

Lear Corporation, a global leader in auto technology in Seating and E-Systems, today announced that it has entered into a definitive agreement to buy WIP Industrial Automation, a privately held systems integrator based in Spain that specializes in advanced automation solutions for industrial applications.

Private Equity Firm Borgman Capital Acquiring Buck Bone Organics

By Amit Chowdhry ● Apr 29, 2024

Blackstone Buying Tropical Smoothie Cafe From Levine Leichtman Capital Partners

By Amit Chowdhry ● Apr 28, 2024

Blackstone announced this week that its private equity funds, managed by the firm, have entered into a definitive agreement to acquire Tropical Smoothie Cafe, a leading franchisor of fast-casual restaurants, from Levine Leichtman Capital Partners.

GTCR To Buy Wealth Management Tech Platform AssetMark For $2.7 Billion

By Amit Chowdhry ● Apr 27, 2024

AssetMark Financial Holdings (a leading wealth management technology platform for financial advisors) announced that it has signed a definitive agreement to be acquired by GTCR (a leading private equity firm with expertise in financial technology, wealth, and asset management). AssetMark stockholders will receive $35.25 per share in cash, representing a total equity valuation of about $2.7 billion. Under the terms of the deal, GTCR will buy a 100% interest in the company.

Thoma Bravo Acquiring Darktrace For $5.315 Billion

By Amit Chowdhry ● Apr 27, 2024

Thoma Bravo announced it had reached an agreement with the Board of Directors at Darktrace, a global leader in cybersecurity artificial intelligence (AI), to acquire the entire issued and to be issued ordinary share capital of Darktrace in cash.

Baker McKenzie: Leading Transactional Team Joining Firm In LA

By Amit Chowdhry ● Apr 27, 2024

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 ● Apr 26, 2024

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 ● Apr 26, 2024

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 ● Apr 26, 2024

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.