Mergers & Acquisitions

Capital One To Acquire Discover In $35.3 Billion Deal

By Amit Chowdhry ● Feb 20, 2024

Capital One Financial Corporation and Discover Financial Services announced that they have entered into a definitive agreement under which Capital One will buy Discover in an all-stock transaction valued at $35.3 billion. These are the details.

Walmart To Acquire VIZIO For $2.3 Billion: Details

By Amit Chowdhry ● Feb 20, 2024

Walmart and VIZIO announced today that they have entered into an agreement for Walmart to acquire VIZIO for $11.50 per share in cash, equating to a fully diluted equity value of approximately $2.3 billion. The acquisition of VIZIO and its SmartCast Operating System (OS) would enable Walmart to connect with and serve customers in new ways, including innovative television and in-home entertainment and media experiences.

Report: Capital One Looking To Acquire Discover Financial Services

By Amit Chowdhry ● Feb 19, 2024

Capital One Financial is looking into the acquisition of Discover Financial Services, according to The Wall Street Journal. A deal could be announced as early as tomorrow, and it would likely be an all-stock transaction.

Why Clarience Technologies Is Buying Safe Fleet

By Amit Chowdhry ● Feb 19, 2024

Clarience Technologies (a global provider of visibility and safety technology solutions for transportation) announced that it has acquired Safe Fleet, a leader in safety solutions for fleet vehicles, reinforcing the company’s goal to bring total visibility to transportation by providing technologies that enhance safety, security, and productivity for customers across the industry.

Why Grocery Outlet Is Buying United Grocery Outlet

By Amit Chowdhry ● Feb 19, 2024

Grocery Outlet has agreed to acquire United Grocery Outlet (UGO) - an extreme value and discount grocery retailer operating throughout the Southeastern United States - from affiliates of Gen Cap America and current and former UGO management. With 40 stores and a distribution center, the acquisition of UGO will expand Grocery Outlet's presence into Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia.

Yuga Labs Acquiring PROOF: Details

By Amit Chowdhry ● Feb 19, 2024

Yuga Labs (a leading web3 lifestyle and media company and creators of the Bored Ape Yacht Club, Otherside, TwelveFold, and owners of Meebits, CryptoPunks, and 10KTF) announced it has acquired PROOF, which includes the PROOF Collective, Moonbirds, Oddities, Mythics, and Grails exhibition series.

Why ABB Is Buying SEAM Group

By Amit Chowdhry ● Feb 19, 2024

ABB has agreed to acquire SEAM Group, a major provider of energized asset management and advisory services to clients across industrial and commercial building markets.

HireRight To Be Acquired By General Atlantic And Stone Point Capital: Details

By Amit Chowdhry ● Feb 19, 2024

HireRight Holdings Corporation (a leading provider of global background screening services and workforce solutions) announced that it has entered into a definitive agreement to be acquired by investment funds affiliated with General Atlantic and Stone Point Capital.

Why Accenture Is Buying Insight Sourcing

By Amit Chowdhry ● Feb 18, 2024

Accenture announced it has agreed to acquire Insight Sourcing, a strategic sourcing and procurement services provider. Insight Sourcing will broaden Accenture’s sourcing and procurement services for private equity companies and the consumer goods, retail, technology, and industrial industries.

Why ResultsCX Is Buying Huntswood

By Amit Chowdhry ● Feb 18, 2024

ResultsCX - a leading provider of transformational CXM (Customer Experience Management) services to global brands, including Fortune 100 and 500 firms - announced that it has acquired Huntswood, a UK-based consulting and customer solutions company. With this acquisition, ResultsCX expands its service capabilities in the BFSI (Banking, Financial Services, and Insurance) sector and strengthens connections with leading energy and water companies in Utilities.

Why DraftKings Is Buying Jackpocket For $750 Million

By Amit Chowdhry ● Feb 18, 2024

DraftKings announced that it has reached an agreement to acquire Jackpocket, a leading lottery app in the United States, for total consideration of approximately $750 million, with about 55% of the consideration payable in cash funded from the company’s balance sheet with no capital raise required and approximately 45% of the consideration payable in the company’s Class A common stock, subject to customary purchase price adjustments.

Cetera Brings In $312 Million Team Regal Wealth Advisors

By Amit Chowdhry ● Feb 16, 2024

Cetera Financial Group (the premier financial advisor Wealth Hub) announced that Regal Wealth Advisors has joined Summit Financial Networks, a region of Cetera Advisor Networks LLC. And Regal Wealth provides comprehensive planning and investment advice to clients and had more than $312 million in assets under administration as of February 2, 2024. The group – which was co-founded by Michael McCarthy, CFP, CLU, ChFC, and Andrew S. Pincus, JD, CPA, CFP and accompanied by long-time investment professional Fred DaVeiga, CPA, CFP, is based out of Myrtle Beach, S.C. and joined Cetera Advisor Networks from LPL Financial.

Why Pathstone Is Buying Crestone Capital

By Amit Chowdhry ● Feb 16, 2024

Pathstone (a partner-owned advisory firm offering comprehensive and highly customized investment advice and family office services) announced it has entered into an agreement to acquire Crestone Capital. Based in Boulder, Colorado, Crestone delivers a suite of fully integrated investment management and wealth advisory services to an exclusive network of entrepreneurs, business owners, and their families.

Why Capstreet Is Buying Analytic Stress Relieving

By Amit Chowdhry ● Feb 16, 2024

Capstreet (a Houston-based lower middle market private equity firm) has acquired Analytic Stress Relieving (ASR), a provider of on-site heat-treating services. The terms of the transaction were not disclosed.

Armis Buying AI Cybersecurity Company CTCI: Details

By Amit Chowdhry ● Feb 16, 2024

Armis (asset intelligence cybersecurity company) announced it agreed to acquire CTCI (Cyber Threat Cognitive Intelligence), a privately held company specializing in AI-powered pre-attack threat hunting technology. In a private deal that closed this week, Armis has acquired all of CTCI technology and employees, expecting to merge the company with Armis over the next 30 days.

Why Perforce Is Buying Delphix

By Amit Chowdhry ● Feb 15, 2024

Perforce Software (a provider of solutions to enterprise teams requiring productivity, visibility, and scale along the development lifecycle backed by Francisco Partners and Clearlake Capital Group, L.P.) announced that it has signed a definitive agreement to acquire Delphix. The financial terms of the deal were undisclosed.

Why Motorola Solutions Is Buying Silent Sentinel

By Amit Chowdhry ● Feb 15, 2024

Motorola Solutions announced it has acquired Silent Sentinel, a provider of specialized, long-range cameras based in Ware, United Kingdom.

Tuckahoe Acquiring Leading Industrial Equipment Company Gateway Dealer Network

By Amit Chowdhry ● Feb 15, 2024

Tuckahoe Holdings (a family-run diversified holding company) announced the acquisition of Gateway Dealer Network (GDN), a prominent provider of industrial equipment, from Brightstar Capital Partners (a middle-market private equity firm). And GDN CEO John Hopper and the senior management team are expected to continue to lead the company moving forward. The terms of the deal were undisclosed.

Why Salesloft Is Buying Drift

By Amit Chowdhry ● Feb 15, 2024

Salesloft (a provider of one of the first AI-powered Revenue Orchestration Platforms) announced the acquisition of Drift, the buyer experience and Conversational AI company. And the combination of Salesloft and Drift enables companies to orchestrate a personalized, omnichannel buyer journey powered by AI, providing an optimal buying experience that drives higher quality pipeline and revenue outcomes.

Renesas Buying Altium For $5.9 Billion: Details

By Amit Chowdhry ● Feb 15, 2024

Renesas Electronics (a supplier of advanced semiconductor solutions) and Altium Limited (a global leader in electronics design systems) announced they have entered into a Scheme Implementation Agreement (SIA) for Renesas to acquire Altium by way of a Scheme of Arrangement under Australian law.

Expro Buying Coretrax For $210 Million: Details

By Amit Chowdhry ● Feb 14, 2024

Coretrax has marked the latest phase of its ambitious growth strategy by entering an agreement for Expro to acquire the business in a multi-million-dollar deal. This acquisition will accelerate the availability of Coretrax’s innovative, high-value-adding tools by utilizing Expro’s global operating footprint. The total consideration to be paid at closing is approximately $210 million.

Why HiBob Is Buying UK Payroll Automation Platform Pento

By Amit Chowdhry ● Feb 14, 2024

HiBob (the company behind Bob, the modern HR platform for midsized multinationals) announced the acquisition of the cloud-based UK payroll automation platform Pento, subject to closing conditions.

Why LPL Financial Is Buying Atria Wealth Solutions

By Amit Chowdhry ● Feb 14, 2024

LPL Financial Holdings announced that the firm has entered into a definitive purchase agreement to acquire Atria Wealth Solutions (a wealth management solutions holding company headquartered in New York). Atria supports about 2,400 advisors and 150 banks and credit unions, managing approximately $100 billion of brokerage and advisory assets. Launched in 2017, Atria operates a network of broker-dealer subsidiaries focused on supporting independent financial advisors and institutions nationwide.

Teledyne To Acquire Adimec: Details

By Annie Baker ● Feb 13, 2024

Teledyne Technologies announced it agreed to acquire Adimec Holding B.V. and its subsidiaries. Adimec – founded in 1992 and headquartered in Eindhoven, Netherlands - develops customized high-performance industrial and scientific cameras for applications where image quality is paramount.

Whole Earth Brands To Be Acquired By Sababa Holdings

By Noah Long ● Feb 13, 2024

Whole Earth Brands (a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods) confirmed that the company entered into a definitive agreement pursuant to which Ozark Holdings, LLC (which, in the future, plans to do business as Sweet Oak Parent), an affiliate of Sababa Holdings FREE, LLC will acquire all of the outstanding shares of the company’s common stock that it does not already own in an all-cash transaction for $4.875 per share.

Why Huron Is Buying Management Consulting Firm GG+A

By Amit Chowdhry ● Feb 13, 2024

Global professional services firm Huron announced it has agreed to acquire GG+A, which is a leading philanthropic management consulting firm that helps education institutions and healthcare, arts and other nonprofit organizations build and accelerate the philanthropic programs that support their mission. Successful fundraising programs and campaigns can play a pivotal role in helping organizations achieve their strategic objectives and widen their impact.

Nordic Capital Buying SaaS Core Modernization Company Zafin

By Amit Chowdhry ● Feb 13, 2024

Nordic Capital announced it has signed an agreement to acquire a majority share in Zafin, a leading provider of SaaS core modernization and transformation solutions for financial institutions around the world. The investment was made in close partnership with Zafin's founders and management - who will reinvest in the company alongside Nordic Capital.

Why ADC Aerospace Is Buying Cast-Rite

By Annie Baker ● Feb 13, 2024

ADC Aerospace (a leading manufacturer of complex, highly-engineered turnkey die-cast parts used in critical applications in the aerospace, defense, medical, automotive and specialty industrial markets) has acquired Cast-Rite, a leading provider of advanced die casting and fabrication solutions.

Trading Technologies Buying ATEO: Details

By Amit Chowdhry ● Feb 13, 2024

Trading Technologies International (TT) - a global capital markets technology platform provider - announced a definitive agreement for TT to acquire ATEO SAS, a leading provider of post-trade solutions for listed derivatives, expanding TT's reach into clearing and other middle-office technologies and services. The terms of the transaction, expected to close on February 29, were not disclosed.

Why Tandym Group Is Buying Kolter Solutions

By Noah Long ● Feb 13, 2024

Tandym Group (a national consulting, recruitment, and workforce solutions company) announced that it has acquired Kolter Solutions (a technology staffing company). The terms of the deal were not disclosed.