Mergers & Acquisitions

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.

Blackstone Taking AIR Communities Private In $10 Billion Deal

By Amit Chowdhry ● Apr 8, 2024

Blackstone and Apartment Income REIT announced today that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will buy all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at about $10 billion, including the assumption of debt.

AXA IM To Buy W Capital Partners

By Amit Chowdhry ● Apr 8, 2024

AXA Investment Managers (AXA IM) announced that it has agreed to buy W Capital Management, a US-based private equity firm specializing in GP-led and direct secondary investments. WCP will remain within AXA IM Prime, AXA IM’s fully integrated investment solutions provider across private markets like private equity, private debt, infrastructure, and hedge funds.

Tradeweb To Buy ICD For $785 Million

By Amit Chowdhry ● Apr 8, 2024

Tradeweb Markets, a leading operator of electronic marketplaces for rates, credit, equities, and money markets, announced it has entered into a definitive agreement to acquire Institutional Cash Distributors (ICD), an institutional investment technology provider for corporate treasury organizations trading short-term investments, for $785 million, subject to customary adjustments. The purchase price is expected to be funded with cash on hand.

Blue Owl Capital To Buy Kuvare Asset Management For $750 Million

By Amit Chowdhry ● Apr 8, 2024

Alternative asset manager Blue Owl Capital announced it has entered into a definitive purchase agreement to acquire Kuvare Insurance Services LP (KAM) for $750 million. KAM is a boutique investment management firm that provides asset management services to the insurance industry, including Kuvare UK Holdings.

Vista Equity Partners To Buy Model N For $1.25 Billion

By Amit Chowdhry ● Apr 8, 2024

Model N (a leader in revenue optimization and compliance for pharmaceutical, medtech, and innovators) announced today that it has entered into a definitive agreement to be acquired by Vista Equity Partners. Under the terms of the deal, Vista will acquire all the outstanding shares of Model N common stock for $30 per share in an all-cash transaction valued at about $1.25 billion.