Mergers & Acquisitions

Why AtlasClear Is Buying Technology Assets from Pacsquare Technologies

By Amit Chowdhry ● Feb 27, 2024

AtlasClear Holdings announced its acquisition and initiation of the integration into its operations of clearing and settlement code from Pacsquare Technologies. Following the closing of the business combination between AtlasClear and Quantum FinTech Acquisition Corporation, AtlasClear entered into and consummated an acquisition agreement with Pacsquare for front and middleware applications as contemplated by a previously disclosed letter of agreement between AtlasClear and Pacsquare.

Why kSARIA Is Buying Charles E. Gillman Company

By Amit Chowdhry ● Feb 27, 2024

kSARIA (a leading producer and supplier of mission-critical connectivity solutions for the aerospace and defense end markets and a portfolio company of Behrman Capital) announced that it has acquired Charles E. Gillman Company. The financial terms of the transaction were not disclosed.

Why Jasper Is Buying Clipdrop From Stability AI

By Amit Chowdhry ● Feb 27, 2024

Jasper - one of the world's biggest generative AI app companies - announced that it had agreed to acquire Clipdrop, an AI image creation and editing platform, from Stability AI. And this acquisition signifies a significant step forward in Jasper's capacity to deliver the most comprehensive, multimodal copilot for enterprise marketing teams.

Why Resilience Is Buying BreachQuest

By Amit Chowdhry ● Feb 26, 2024

Leading cyber risk management firm Resilience announced it expanded its capabilities through the acquisition of BreachQuest, an innovative incident response technology solution. These are the details.

Cloud Security Policy Automation Leader Tufin Acquiring AKIPS: Details

By Amit Chowdhry ● Feb 26, 2024

Tufin - a leader in network and cloud security policy automation -announced that it has acquired AKIPS, a leading provider of network monitoring solutions for enterprises across the globe.

IIA Healthcare Buying Gritly To Expand Data-Driven Hiring

By Amit Chowdhry ● Feb 26, 2024

IIA Healthcare - an Intelligent Interview Management solution for healthcare organizations - announced its acquisition of Gritly. This platform utilizes data to create a more equitable candidate experience and make hiring easier for employers. And this strategic move combines the power of both platforms, creating a comprehensive solution for healthcare recruitment and talent management.

Trianz Raises Strategic Growth Capital Investment From Capital Square Partners

By Amit Chowdhry ● Feb 26, 2024

Digital transformation software and services firm Trianz has crossed a significant milestone in its journey through a major growth equity investment from Capital Square Partners (CSP), based out of Singapore. The financial terms of the private transaction were not disclosed.

Apryse To Buy AI-Powered Document Toolkit Provider LEAD Technologies

By Amit Chowdhry ● Feb 26, 2024

Apryse - a global leader in document processing technology - announced its most recent acquisition of LEAD Technologies, a leading provider of AI-powered SDKs for application development across all major platforms and programming languages.

Wesco To Sell Integrated Supply Business To Vallen Distribution

By Amit Chowdhry ● Feb 26, 2024

Wesco International announced that it has entered into a definitive agreement to sell its Wesco Integrated Supply (WIS) business to Vallen Distribution, a portfolio company of Nautic Partners, LLC, for a purchase price of $350 million. The Company expects to use the proceeds to reduce debt and repurchase shares.

KKR Buying Broadcom’s End-User Computing Division For About $4 Billion: Details

By Amit Chowdhry ● Feb 26, 2024

KKR announced the signing of a definitive agreement with Broadcom to buy its End-User Computing Division (the “EUC Division”) in a transaction valued at approximately $4 billion. Upon the closing of the deal, the EUC Division will become a standalone company with greater access to growth capital and a dedicated strategic focus on empowering customers and partners worldwide with innovative digital workspace solutions.

Why Apica Is Buying Telemetry Data Management Company Circonus

By Amit Chowdhry ● Feb 26, 2024

Apica (a leader in data management and active observability) announced it has acquired telemetry data company Circonus. Apica also announced a new funding round led by Riverside Acceleration Capital (RAC), with additional funding from existing investors Industrifonden, SEB Foundation, Oxx, and Leo Capital. With this latest acquisition and new investment, Apica will continue providing a modern approach to observability data management for enterprise organizations.

P2G Capital And Merit Capital Partners Buying Circuit Check Holdings: Details

By Amit Chowdhry ● Feb 26, 2024

P2G Capital has announced that it recently partnered with Merit Capital Partners and management to acquire Circuit Check Holdings. Based in Maple Grove, Minnesota, Circuit Check is a leading designer and manufacturer of precision-engineered custom test systems, test fixtures, and test automation solutions for electronics and electro-mechanical devices.

Why Stagwell Is Buying Sidekick And What’s Next Partners

By Amit Chowdhry ● Feb 26, 2024

Stagwell - a challenger network built to transform marketing - announced it has acquired Sidekick (a collective of specialist agencies focused on experiential, digital storytelling, and branded content) and WHAT’S NEXT PARTNERS (a French digital brand and marketing consultancy specializing in data-powered strategies, integrated communications, and creative content).

Mayfair Capital Partners Buying Baseline Fitness: Details

By Amit Chowdhry ● Feb 26, 2024

Mayfair Capital Partners (a division of Oxford Financial Group) on behalf of its underlying investors has acquired Baseline Fitness. This investment closed on February 2, 2024, and terms were not disclosed.

Phoenix Selling Global Freight Solutions To ILG: Details

By Amit Chowdhry ● Feb 26, 2024

Phoenix announced the sale of Global Freight Solutions (GFS), a leading Enterprise Carrier Management (ECM) company, to industry-leading e-commerce fulfillment specialists International Logistics Group Ltd (ILG), part of the Yusen Logistics/NYK group of companies. Launched more than 20 years ago, GFS pioneered ECM technology and multi-carrier parcel services.

Eyelit Technologies Acquiring Optessa: Details

By Amit Chowdhry ● Feb 26, 2024

Banneker Partners’ portfolio company Eyelit Technologies - a leader in Manufacturing Operations Management (MOM), Manufacturing Execution (MES), Quality Management (QMS) and Factory Automation solutions - announced it has acquired Optessa to enhance its manufacturing optimization capabilities.

Intapp To Buy AI Software Company delphai: Details

By Amit Chowdhry ● Feb 26, 2024

Intapp - a leading global provider of AI-powered software for professionals in advisory, legal, and capital markets firms - has agreed to acquire delphai, a Berlin-based AI software company specializing in applied AI for firmographic data automation, structuring, and intelligence. The deal is subject to regular and customary closing conditions and is expected to close within the next 60 days.

BuzzFeed Sells Complex To NTWRK For $108.6 Million: Details

By Amit Chowdhry ● Feb 26, 2024

BuzzFeed recently announced the closing of its sale of Complex to NTWRK to form a new and wide-ranging destination for the future of commerce and media in a $108.6 million all-cash deal. Along with the $108.6 million purchase price, the company received approximately $5.7 million for using the company’s NY offices and severance- and other employment-related costs.

The Retirement Planning Group Buying Established RIA Dightman Capital Group: Details

By Amit Chowdhry ● Feb 26, 2024

Cetera Holdings - the holding company of Cetera Financial Group, the premier financial advisor Wealth Hub - announced that The Retirement Planning Group (TRPG) has acquired Dightman Capital Group, an RIA based in Overland Park, Kansas. TRPG acquired 100% of the assets of Dightman Capital Group, which is owned and operated by Brian Dightman, CMT. Dightman is now a W-2 advisor at TRPG, providing him with many benefits, including office support, technology, marketing, insurance, and employee benefits as he continues to serve his existing clients.

Datasite Acquires Board Reporting Provider Sherpany: Details

By Amit Chowdhry ● Feb 26, 2024

Datasite - a leading SaaS platform used by enterprises globally to execute complex and strategic projects - has announced that it has acquired Sherpany, a Zurich-based board reporting and meeting management software provider. The terms of the agreement are not being disclosed and the transaction is expected to close in Q1 2024, subject to closing conditions.

Harwood Private Equity Buying Crest Foods: Details

By Amit Chowdhry ● Feb 26, 2024

Brown Gibbons Lang & Company (BGL) has announced the sale of Crest Foods (a leading provider of dairy stabilizers, contract packaging, and branded and private label dry food manufacturing) to Harwood Private Equity (an investor in lower middle market companies). BGL's Food & Beverage, Debt Capital Markets, and Real Estate teams together served as the exclusive financial advisor to Harwood. The terms of the transaction were not disclosed.

MD Anderson Acquiring Inducible Switch Technologies: Details

By Amit Chowdhry ● Feb 26, 2024

The University of Texas MD Anderson Cancer Center announced it has acquired certain assets from Bellicum Pharmaceuticals related to the CaspaCIDe switch platform and the GoCAR platform. The deal also includes clinical-grade stocks of rimiducid, an agent used to trigger the switches.

Vencora Buying CREALOGIX: Details

By Amit Chowdhry ● Feb 26, 2024

VENCORA UK LIMITED announced the settlement of its public tender offer for all publicly held registered shares of CREALOGIX Holding AG with a nominal value of CHF 8.00 each. This offer was completed successfully on February 22, 2024. And with a proven track record of providing quality solutions to its customers and a history of successful transactions, the acquisition of CREALOGIX greatly expands Vencora’s presence within the banking technology industry.

Nautic Partners Buying SurfacePrep: Details

By Amit Chowdhry ● Feb 26, 2024

Nautic Partners announced that it has completed the acquisition of SurfacePrep, in partnership with management. Based in Grand Rapids, Michigan, SurfacePrep is a leading national and international distributor of surface enhancement solutions. And the company distributes loose and coated/bonded abrasives, specialty ceramic materials, and powder coating and fluid delivery consumables, as well as related spare parts and equipment.

Havenly Buying The Citizenry: Details

By Amit Chowdhry ● Feb 26, 2024

Havenly - the country's leading interior design service and home furnishings company - announced recently it had reached a definitive agreement to acquire The Citizenry as part of efforts to build a collection of home brands and technologies that appeal to the next generation of shoppers. This acquisition - the third brand acquisition in 24 months for Havenly - indicates the design & furnishings leader's growth trajectory as it expands upon its offerings for the digital first-home consumer.

Why Society Brands Is Buying Clarifion And Cleanomic

By Amit Chowdhry ● Feb 25, 2024

Society Brands - a tech-enabled consumer products company built for and by founders - announced it acquired two Orange County, California-based brands, Clarifion and Cleanomic.

Chord Energy And Enerplus Combining In $11 Billion Deal

By Amit Chowdhry ● Feb 25, 2024

Chord Energy and Enerplus announced they have entered into a definitive arrangement agreement under which Chord will combine with Enerplus in about an $11 billion stock and cash transaction.

ARInsights Buying The Wind Communications Agency: Details

By Amit Chowdhry ● Feb 24, 2024

ARInsights - a provider of the market-leading SaaS platform for managing analyst relations (AR) and B2B influencer relations programs - announced the acquisition of The Wind Communications Agency, a premier, full-service analyst relations services firm and consultancy. Through this acquisition, ARInsights expands its ServicePlus AR operational services to now address companies' full spectrum of AR needs.

ArcLight Capital Partners Affiliate Buying Clean Energy Future Lordstown

By Amit Chowdhry ● Feb 24, 2024

An affiliate of ArcLight Capital Partners announced it has entered into a definitive purchase agreement to acquire 100% of the equity ownership interests in Clean Energy Future Lordstown. Lordstown owns and operates a highly efficient 940 MW combined cycle gas-fired power facility based in Warren, Ohio. The financial terms of the private transaction were not disclosed.

Why Zonda Is Buying BDX

By Amit Chowdhry ● Feb 24, 2024

Zonda - a leading provider of data-driven housing market solutions for the home building industry - announced it had acquired Builders Digital Experience (BDX), which includes NewHomeSource.com (the largest new construction home listings platform in the U.S.) and Envision, a leading new home design platform.