Mergers & Acquisitions

Why Thermo Fisher Scientific Is Buying Olink In A $3.1 Billion Deal

By Amit Chowdhry ● Oct 18, 2023

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.

Why Amphenol Is Buying PCTEL For About $139.7 Million

By Amit Chowdhry ● Oct 16, 2023

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: Bain Capital Leads Equity Funding Round Of Up To $500 Million

By Noah Long ● Oct 13, 2023

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.

Why Bristol Myers Squibb Is Buying Mirati Therapeutics For Up To $5.8 Billion

By Annie Baker ● Oct 13, 2023

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.

Why Robot Morning Is Buying Enterprise Solutions Implementation Specialists

By Amit Chowdhry ● Oct 13, 2023

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 Buying Nod.ai To Expand Open AI Software Platform

By Amit Chowdhry ● Oct 13, 2023

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.

Why Atlassian Is Buying Loom For Nearly $1 Billion

By Amit Chowdhry ● Oct 13, 2023

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.

Why National Western And Prosperity Life Are Merging In A $1.9 Billion Deal

By Annie Baker ● Oct 12, 2023

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.

Why ExxonMobil Is Merging With Pioneer Natural Resources In A $59.5 Billion Deal

By Amit Chowdhry ● Oct 12, 2023

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.

Impact Capital Acquires Majority Stake In JUNKLESS

By Amit Chowdhry ● Oct 11, 2023

Impact Capital - the Private Equity group of Mike Repole’s family office - recently announced it had acquired a majority stake in JUNKLESS Foods.

Why HITS Corporation Is Acquiring 5i Solutions

By Amit Chowdhry ● Oct 11, 2023

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.

Why Tenable Is Buying Ermetic

By Amit Chowdhry ● Oct 10, 2023

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.

Why Contentsquare Is Buying Heap

By Amit Chowdhry ● Oct 9, 2023

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.

Why Tendo Is Buying MDsave

By Amit Chowdhry ● Oct 9, 2023

Tendo - a software company focused on creating seamless healthcare experiences for patients, clinicians, and caregivers - recently announced that it is acquiring MDsave. These are the details.

JPI Getting Acquired By Sumitomo Forestry America: Details

By Amit Chowdhry ● Oct 9, 2023

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.

Why Capstreet Is Buying PlanetBids

By Annie Baker ● Oct 5, 2023

Capstreet - a Houston-based lower middle market private equity firm - recently announced that it has acquired PlanetBids, a provider of eProcurement software as a service (SaaS) solutions.

TPG Completes Deal To Buy Forcepoint Government Cybersecurity Business From Francisco Partners

By Amit Chowdhry ● Oct 5, 2023

Global security company Forcepoint announced the completed acquisition of the company’s Global Governments and Critical Infrastructure (G2CI) cybersecurity business by asset management firm TPG.

Why Actionstep Is Buying Legal Accounting Company Soluno

By Dan Anderson ● Oct 2, 2023

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.

Why UPS Is Buying Logistics Provider MNX

By Amit Chowdhry ● Sep 29, 2023

UPS recently announced that it has agreed to acquire MNX Global Logistics (MNX), a global time-critical logistics provider. These are the details.

Why Food-As-Medicine Platform Company Tangelo Is Buying Diet ID

By Annie Baker ● Sep 29, 2023

Tangelo - a "Food-as-Medicine" platform - recently announced the acquisition of Diet ID. Both companies are privately held, and the transaction details were not disclosed.

Why Knowles Is Buying Cornell Dubilier For $263 Million

By Dan Anderson ● Sep 27, 2023

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.

Why indie Semiconductor Is Buying EXALOS For $45 Million

By Annie Baker ● Sep 27, 2023

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.

Johnson Financial Group To Buy The Appleton Group

By Amit Chowdhry ● Sep 27, 2023

Johnson Financial Group (JFG) recently announced they have signed an agreement to acquire The Appleton Group, a registered investment advisor with $210 million in assets under management (AUM) based in Appleton, Wisconsin, at the end of this month.

Why Acceldata Is Buying AI Platform Company Bewgle

By Amit Chowdhry ● Sep 25, 2023

Acceldata – a market leader in enterprise data observability – recently announced that it has acquired Bewgle, a cutting-edge AI platform to expand its enterprise data observability capabilities into AI and large language models (LLMs).

Why Cisco Is Buying Splunk For $28 Billion

By Amit Chowdhry ● Sep 21, 2023

Cisco and Splunk (a cybersecurity and observability leader) recently announced a definitive agreement under which Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value.

Forbes Acquisition: Austin Russell Pulls In More Investors

By Amit Chowdhry ● Sep 21, 2023

Austin Russell Forbes Holdings - which is controlled by American innovator and automotive tech pioneer Austin Russell - recently announced that financing for the approximately $800 million acquisition of Forbes Global Holdings from Hong Kong-based Integrated Whale Media Investments (IWM ) is now substantially oversubscribed with over $2 billion of demand primarily from American tech, media, finance, and AI industry leaders and their family offices.

Why GXO Is Buying PFSweb For $181 Million

By Amit Chowdhry ● Sep 18, 2023

GXO Logistics (the world’s largest pure-play contract logistics provider) and PFSweb (a tech-enabled e-commerce order fulfillment platform based in the US) recently announced they have entered into a definitive agreement pursuant to which GXO will acquire PFSweb for $7.50 per share in cash, representing an equity value of approximately $181 million. The enterprise value is $142 million and includes PFSweb’s cash balance of $39 million at June 30, 2023.

KKR Buying 20% Stake In Singtel’s Regional Data Center Business For About $800 Million

By Amit Chowdhry ● Sep 18, 2023

Singtel (Asia's leading communications technology group) and global investment firm KKR reached a definitive agreement under which a fund managed by KKR will commit up to S$1.1 billion (about US$800 million) for a 20% stake in Singtel’s regional data center business. This investment puts the enterprise value of Singtel’s overall regional data center business at S$5.5 billion. Plus, KKR will have the option to increase its stake to 25% by 2027 at the pre-agreed valuation.

Intel Selling Minority Stake In IMS Nanofabrication To TSMC For $430 million

By Amit Chowdhry ● Sep 12, 2023

Intel Corporation recently announced that it agreed to sell a 10% stake in the IMS Nanofabrication business (IMS) to TSMC. TSMC’s investment values IMS at approximately $4.3 billion, consistent with the valuation of the recent stake sale to Bain Capital Special Situations. Intel will retain majority ownership of IMS, which will continue to operate as a standalone subsidiary under the leadership of CEO Dr. Elmar Platzgummer. The deal is expected to close in the fourth quarter of 2023.

Smucker Buying Hostess Brands In $5.6 Billion Deal: Details

By Amit Chowdhry ● Sep 11, 2023

The J. M. Smucker Co. (NYSE: SJM) announced today the signing of a definitive agreement to buy Hostess Brands, Inc. (NASDAQ: TWNK) for $34.25 per share in a cash and stock transaction. This deal represents a total enterprise value of approximately $5.6 billion, which includes approximately $900 million of net debt.