Mergers & Acquisitions

IBM Buying Application Modernization Capabilities From Advanced

By Annie Baker ● Jan 22, 2024

IBM has announced that it has signed a definitive agreement to acquire application modernization capabilities from Advanced, which brings a combination of talent, tools, and knowledge to enhance IBM Consulting’s mainframe application and data modernization services. This planned acquisition will further enable IBM to support clients’ mainframe application modernization journeys, marking another critical step forward in IBM’s hybrid cloud and AI strategy.

Why Arcline Is Buying Kaman For About $1.8 Billion

By Annie Baker ● Jan 22, 2024

Kaman recently announced that it has entered into a definitive agreement to be acquired by Arcline Investment Management, L.P., a growth-oriented private equity firm with deep experience investing in technology-driven industrial businesses in an all-cash transaction with a total enterprise value of approximately $1.8 billion. Upon completion of the deal, Kaman will become a privately held company.

Blackstone Real Estate Taking Tricon Residential Private In A $3.5 Billion Deal

By Amit Chowdhry ● Jan 22, 2024

Blackstone and Tricon Residential recently announced that they have entered into an arrangement agreement under which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc. (BREIT), will acquire all outstanding common shares of Tricon for $11.25 (approximately C$15.17) per common share in cash.

Why Bantam Tools Is Buying Evil Mad Scientist

By Annie Baker ● Jan 22, 2024

Bantam Tools - a desktop CNC manufacturer that builds exceptional computer-controlled machines for innovators - recently announced the acquisition of Evil Mad Scientist, the designer and manufacturer of popular computer-controlled drawing and handwriting machines that provide versatile solutions to artists and educators.

Why GoPro Is Buying Tech-Enabled Helmet Company Forcite

By Noah Long ● Jan 22, 2024

GoPro recently announced an agreement to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. And GoPro plans to accelerate Forcite's vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time.

Taro Pharmaceutical Merging With Sun Pharmaceutical: Details

By Annie Baker ● Jan 22, 2024

Sun Pharmaceutical Industries Limited and Taro Pharmaceutical Industries recently announced that they have entered into a definitive merger agreement in which Sun Pharma, Taro's controlling shareholder, has agreed to acquire all of the outstanding ordinary shares of Taro other than the shares already held by Sun Pharma or its affiliates for US$43 per share in cash without interest.

Why Buxton Is Buying Elevar

By Dan Anderson ● Jan 22, 2024

Buxton (a market leader in retail customer analytics) and Elevar (a dynamic conversion tracking solution for fast-scaling e-commerce brands) joined forces in an acquisition by Buxton. The deal's financial terms remain undisclosed, but Buxton believes this strategic collaboration can revolutionize the landscape of data-driven consumer insights.

Why Accenture Is Buying Impendi

By Noah Long ● Jan 22, 2024

Accenture recently announced that it had acquired Impendi, a sourcing and procurement services provider focusing on private equity clients, expanding a critical capability to Accenture’s growing offerings for this industry.

Why Mullen Group Is Buying ContainerWorld Forwarding Services

By Dan Anderson ● Jan 22, 2024

Mullen Group recently announced that it has entered into a letter of intent (LOI) to buy Richmond, British Columbia based ContainerWorld Forwarding Services and its operating subsidiaries. The LOI contemplates standard due diligence and the execution of a purchase and sale agreement, both of which have been initiated. The deal is scheduled to close in the second quarter of 2024, subject to regulatory approval and final closing conditions.

AE Industrial Partners: Sale Of American Pacific To NewMarket For $700 Million Completed

By Annie Baker ● Jan 22, 2024

AE Industrial Partners, LP (AEI) - a private equity firm specializing in aerospace, national security, and industrial services - recently announced that affiliates of AEI have completed the sale of American Pacific Corporation, a leading specialty materials manufacturer of critical chemicals for some of the U.S. Government’s most vital military and space programs, to NewMarket for $700 million in cash.

Why IBS Software Is Buying APS For $90 Million

By Annie Baker ● Jan 22, 2024

IBS Software (a leading SaaS solutions provider to the global travel industry) announced it has reached an agreement to acquire the ground-breaking hotel and travel technology provider Above Property Services (APS). The $90 million deal will further solidify IBS Software's position in the hospitality market and strengthen the brand to underpin an ambitious expansion of its reach in the hospitality industry.

RocketStar: Rocket Propulsion Technology Company Raises $2 Million And Buys Miles Space

By Noah Long ● Jan 22, 2024

RocketStar - a frontrunner in transforming the boundaries of space exploration and satellite services - recently announced a series of achievements that enable the company to take advantage of the $10 billion space propulsion market. These achievements include securing a $2 million seed investment, acquiring Miles Space (a space propulsion and spacecraft manufacturer), and announcing a new member to its board of directors, Mitchel Simpler.

Why MITER Brands Is Buying PGT Innovations For About $3.1 Billion

By Annie Baker ● Jan 22, 2024

MITER Brands (a nationwide manufacturer of precision-built windows and doors) and PGT Innovations (a manufacturer of premium windows and doors) recently announced they have entered into a definitive merger agreement for MITER to acquire all outstanding shares of PGTI for $42 per share in cash, or an enterprise value of approximately $3.1 billion.

Why LiveRamp Is Buying Habu For About $200 Million

By Annie Baker ● Jan 22, 2024

LiveRamp (a leading data collaboration platform) recently announced that it has entered into a definitive agreement to acquire Habu, a data clean room software provider, in a cash and stock transaction valued at approximately $200 million.

Why Snyk Is Buying Helio

By Amit Chowdhry ● Jan 17, 2024

Snyk - a leader in developer security - announced the acquisition of Helios, an industry pioneer capturing application runtime data, to further enhance Snyk’s cloud-to-code risk visibility. This acquisition marks a milestone in Snyk’s Application Security Posture Management (ASPM) journey, accelerating the evolution of Snyk AppRisk and allowing enterprise security teams to more effectively manage their global application security programs at scale.

CIVC Partners To Buy Datavail: Details

By Dan Anderson ● Jan 17, 2024

CIVC Partners, L.P. (CIVC) - a Chicago-based middle market private equity firm focused on investments in the business services sector - recently announced that it has acquired Datavail from a group of growth investors led by Catalyst Investors, a New York-based growth equity firm focused on investing in seed-stage, early-stage and later-stage technology and software companies.

General Atlantic Buying Actis, Creating Investment Platform With $96 Billion In Combined AUM

By Amit Chowdhry ● Jan 17, 2024

General Atlantic (a leading global growth investor) and Actis (a leading global investor in sustainable infrastructure) announced that the firms have entered into a definitive agreement under which General Atlantic will acquire Actis, creating a diversified, global investment platform with approximately $96 billion in combined assets under management (AUM). The financial terms for the transaction are not being disclosed.

Accel-KKR Buying Accertify From American Express

By Amit Chowdhry ● Jan 17, 2024

Accel-KKR (a technology-focused private equity firm) recently announced that it has reached an agreement with American Express to acquire Accertify, a wholly owned subsidiary. Accertify is a provider of fraud prevention, chargeback management, account protection, and payment gateway solutions.

Burger King Parent Company Buying Carrols Restaurant Group For About $1 Billion

By Annie Baker ● Jan 16, 2024

Restaurant Brands International (RBI) and Carrols Restaurant Group today announced that they have reached an agreement for RBI to acquire all of Carrols issued and outstanding shares that are not already held by RBI or its affiliates for $9.55 per share in an all-cash deal, or an aggregate total enterprise value of approximately $1 billion, representing a 23.1% premium to Carrols 30-day volume-weighted average price as of January 12, 2024 and a 13.4% premium to the January 12, 2024 closing price.

Talos Energy Buying QuarterNorth Energy For $1.29 Billion: Details

By Annie Baker ● Jan 16, 2024

Talos Energy announced the execution of definitive agreements to acquire QuarterNorth Energy for $1.29 billion. QuarterNorth is a privately held U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields.

Synopsys Buying Ansys In A $35 Billion Deal: Details

By Amit Chowdhry ● Jan 16, 2024

Synopsys and Ansys announced today that they have entered into a definitive agreement under which Synopsys will acquire Ansys. These are the details.

FirstSun Capital Bancorp And HomeStreet Merging And Raising $175 Million

By Dan Anderson ● Jan 16, 2024

FirstSun Capital Bancorp (the holding company of Dallas-based Sunflower Bank, N.A.) and HomeStreet (the holding company of HomeStreet Bank) announced today that they have entered into a definitive merger agreement, which was unanimously approved by the board of directors of both companies. And under the terms of the agreement, HomeStreet and HomeStreet Bank will merge with and into FirstSun and Sunflower Bank, respectively, with HomeStreet Bank continuing to operate under its tradename in its current markets.

SVP Buys Remaining 40% Stake Of IPC For Full Ownership

By Noah Long ● Jan 16, 2024

Strategic Value Partners, LLC and its affiliates (SVP), a global alternative investment firm with over $18 billion of assets under management, recently announced that SVP-managed funds have acquired the remaining 40% of IPC, resulting in full ownership. IPC provides mission-critical trading communication technology and network services to the financial markets industry.

Why Mercer Advisors Is Buying River Glen Wealth Counselors

By Annie Baker ● Jan 16, 2024

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - recently announced the acquisition of Veerkloh, LLC d/b/a River Glen Wealth Counselors. And River Glen is a comprehensive wealth management firm located and operating in West Des Moines, Iowa.

Why ABB Is Buying Sevensense

By Noah Long ● Jan 14, 2024

ABB recently announced that it has acquired Swiss start-up Sevensense, a leading AI-enabled 3D vision navigation technology provider for autonomous mobile robots (AMRs).

Patrick Industries Buying Sportech From Monomoy Capital Partners For $315 Million: Details

By Annie Baker ● Jan 14, 2024

Monomoy Capital Partners - a private investment firm focused on private equity and credit investing in the middle market - recently announced it has entered into a definitive agreement to sell Sportech, a leading designer, manufacturer and assembler of cab components and assemblies for a wide range of OEM customers, to Patrick Industries.

BlackRock Buying Global Infrastructure Partners For $12.5 Billion: Details

By Amit Chowdhry ● Jan 14, 2024

BlackRock and Global Infrastructure Partners (GIP) - a leading independent infrastructure fund manager - jointly announced that they have entered into an agreement for BlackRock to buy GIP for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock.

Renesas Buying Transphorm In $339 Million Deal: Details

By Noah Long ● Jan 14, 2024

Renesas Electronics Corporation (a premier supplier of advanced semiconductor solutions) and Transphorm (a global leader in robust gallium nitride -or GaN- power semiconductors) recently announced that they have entered into a definitive agreement pursuant to which a subsidiary of Renesas will acquire all outstanding shares of Transphorm’s common stock for $5.10 per share in cash, representing a premium of approximately 35% to Transphorm’s closing price on January 10, 2024, a premium of approximately 56% to the volume weighted average price over the last year and a premium of approximately 78% to the volume weighted average price over the last six months.

Wolverine Worldwide Sells Sperry For About $130 Million: Details

By Annie Baker ● Jan 14, 2024

Wolverine World Wide recently announced that it has sold the Sperry brand to Authentic Brands Group and the ALDO Group. These are the details.

Chesapeake Energy And Southwestern Energy Merging In $7.4 Billion Deal: Details

By Annie Baker ● Jan 12, 2024

Chesapeake Energy and Southwestern Energy Company announced that they have agreed to merge in an all-stock deal valued at $7.4 billion, or $6.69 per share, based on Chesapeake's closing price on January 10, 2024. Under the terms of the agreement, Southwestern shareholders will receive 0.0867 shares of Chesapeake common stock for each share of Southwestern common stock outstanding at closing.