Quext - a leading technology company for the multifamily industry - recently announced its acquisition of Homebase, an innovative building technology platform that drives connectivity and communication for multi-resident communities. This deal brings together two of the most innovative companies in the space, creating a single source for multifamily operators to get the best-in-class community and managed WiFi solutions their residents request.
Stax Payments - a leading payment technology provider - recently announced its acquisition of Atlantic-Pacific Processing Systems (APPS), creating an end-to-end and seamless payment processing platform. And the integration of APPS marks a significant expansion of Stax’s technology stack, giving partners and merchants flexible and customizable options for their payment processing needs on one cohesive platform.
Flatfile - a pioneer of AI-assisted data exchange - recently announced the acquisition of AI start-up Chatcsv Inc. With breakout growth in just a few months since being released, ChatCSV already has thousands of users. From global enterprises such as Procter & Gamble and McKinsey to technology companies such as Zapier, Quora, and Vimeo, companies depend on ChatCSV for quick, contextual insight into CSV files and spreadsheets. And the AI-powered app acts as a personal data analyst. It allows users to "chat" with their CSV files, asking pointed questions for extracting textual and visual insights from data, eliminating the tedious and error-prone process of navigating complex datasets manually.
Mercer Global Advisors - a national Registered Investment Adviser (RIA) - recently announced the acquisition of Kingfisher Capital, LLC (KC). KC is a comprehensive wealth management firm located in Charlotte, North Carolina. KC was founded by Alexander B. Miles and H.K. Hallett in 1989.
GameSquare Holdings and FaZe Holdings announced that the two companies have entered into a definitive agreement under which GameSquare will acquire FaZe Clan in an arm's length all-stock transaction. The deal brings together two complementary businesses to create one of the world's leading content, media, and entertainment companies focused on gaming, esports, and youth culture.
Chevron Corporation announced today it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion (or $171 per share based on Chevron’s closing price on October 20, 2023). And under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The transaction's total enterprise value, including debt, is $60 billion.
Toptal - an exclusive network of the top freelance software developers, designers, finance experts, product managers, and project managers worldwide - has acquired the no-code network company WeLoveNoCode (WLNC). In an email sent to Pulse 2.0, WeLoveNoCode founder and Thiel Fellow Nik Shevchenko said that WeLoveNoCode raised $3 million before the acquisition.
Thermo Fisher Scientific and Olink Holding AB, a leading provider of next-generation proteomics solutions, announced that their respective boards of directors had approved Thermo Fisher’s proposal to acquire Olink for $26 per common share in cash, representing $26 per American Depositary Share (ADS) in cash. This represents a premium of about 74% to the closing price of Olink’s American Depositary Shares that traded on NASDAQ on October 16, 2023, which was the last trading day prior to the announcement of the transaction.
PCTEL - a leading global provider of wireless technology solutions - announced today that it has reached a definitive agreement to be acquired by Amphenol Corporation, one of the world’s largest providers of high-technology interconnect, sensor, and antenna solutions.
Masan Group recently announced that Bain Capital, a leading private investment firm with approximately $180 billion of assets under management, has agreed to invest into Masan Group at least $200 million in equity capital at price of VND85,000 per share. The proceeds from the transaction will be used to strengthen the company’s financial position and de-lever its balance sheet. Plus, this marks Bain Capital’s first-ever investment in Vietnam and underscores its confidence in Masan’s ability to realize the immense opportunity to fulfill 100 million Vietnamese consumers’ daily grocery, financial, and other life needs.
Bristol Myers Squibb and Mirati Therapeutics recently announced that they have entered into a definitive merger agreement under which Bristol Myers Squibb has agreed to acquire Mirati for $58 per share in cash, for a total equity value of $4.8 billion. Mirati stockholders will also receive one non-tradeable Contingent Value Right (CVR) for each Mirati share held, potentially worth $12 per share in cash, representing an additional $1 billion of value opportunity. The deal was unanimously approved by both the Bristol Myers Squibb and the Mirati Boards of Directors.
Robot Morning - a leader in aerospace supply chain software and automation solutions - recently announced that it has acquired Enterprise Solutions Implementation Specialists (ESIS). The terms of the private transaction were not disclosed.
AMD recently announced the signing of a definitive agreement to acquire Nod.ai to expand the company’s open AI software capabilities. And the addition of Nod.ai will bring an experienced team that has developed an industry-leading software technology that accelerates the deployment of AI solutions optimized for AMD Instinct data center accelerators, Ryzen AI processors, EPYC processors, Versal SoCs and Radeon GPUs to AMD.
Atlassian - a leading provider of team collaboration and productivity software - recently announced it has entered into a definitive agreement to acquire Loom. This video messaging platform amassed over 25 million users. This global movement towards distributed work has driven a need for new ways to help teams collaborate when they are not in the same location or even the same hemisphere. And asynchronous (async) video has been at the forefront of this movement, with Loom’s business users recording nearly 5 million videos monthly.
National Western Life Group and Prosperity Life Group recently announced the signing of a definitive Merger Agreement whereby S. USA Life Insurance Company, Inc. (SUSA), an affiliate of Prosperity Life Group, will acquire National Western in an all-cash transaction valued at approximately $1.9 billion. As part of the deal, each issued and outstanding share of National Western common stock will be converted into the right to receive $500 in cash at the merger's closing.
ExxonMobil and Pioneer Natural Resources announced a merger, which combines Pioneer’s 850,000+ net acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the Delaware and Midland Basins, creating the industry’s leading high-quality undeveloped U.S. unconventional inventory position. Together, the companies are going to have an estimated 16 billion barrels of oil equivalent resource in the Permian.
HITS Corporation - a leading provider of information technology services and management - recently announced it is accelerating growth with the acquisition of 5i Solutions in Indianapolis. 5i Solutions offers expertise in transforming digital chaos into streamlined systems.
Tenable Holdings - an Exposure Management company, recently announced it has closed its acquisition of Ermetic, an innovative cloud-native application protection platform (CNAPP) company and a leading provider of cloud infrastructure entitlement management (CIEM). The deal combines two cybersecurity innovators and marks an essential milestone in Tenable’s mission to shift organizations to proactive security.
Contentsquare - a global leader in digital experience analytics - recently announced it has signed a definitive agreement to acquire leading product analytics platform Heap. This deal will bring together two complementary industry players, unlocking a new era of customer insights and transforming the way businesses and organizations optimize their customers’ online experience.
JPI (a leader in the development of Class A and attainable multifamily communities) and Sumitomo Forestry America (a comprehensive housing and wood products subsidiary of Sumitomo Forestry Co., Ltd.) announced the signing of a definitive agreement for the acquisition of JPI’s operating platform by Sumitomo Forestry. The minority interests will be acquired by Payton Mayes, Chief Executive Officer of JPI, and Mollie Fadule, Chief Financial and Investment Officer of JPI. JPI will maintain management over all assets currently under construction until completion and realization.
Actionstep - the global cloud practice management platform for midsize law firms - recently announced the acquisition of Toronto-based legal accounting software company Soluno from professional services payments company AffiniPay.
Knowles Corporation - a leading global supplier of high-performance components and solutions, including ceramic capacitors and radio frequency (RF) filters, advanced medtech microphones, and balanced armature speakers and audio solutions - recently announced strategic actions to accelerate its transformation to an industrial technology company focused on higher growth and higher value opportunities. Knowles has entered into a definitive agreement to acquire Cornell Dubilier (CD) in an all-cash transaction.
indie Semiconductor - an autotech solutions company - recently announced it has entered into a definitive agreement and completed the acquisition of privately held EXALOS AG, a Swiss photonics company specializing in the design of high-performance optical semiconductors.