Mergers & Acquisitions

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.

Johnson & Johnson Buying Shockwave Medical In $13.1 Billion Deal

By Amit Chowdhry ● Apr 5, 2024

Johnson & Johnson and Shockwave Medical announced that they have entered into a definitive agreement under which Johnson & Johnson will acquire all outstanding shares of Shockwave for $335 per share in cash. This corresponds to an enterprise value of approximately $13.1 billion, including the cash acquired. Both companies’ boards of directors approved this deal.

iCapital Buying Investment Data Aggregation Company Mirador

By Amit Chowdhry ● Apr 5, 2024

iCapital (a global fintech platform driving the world’s alternative investment marketplace for the wealth management industry) and Mirador (a leading technology-enabled provider of investment data aggregation and financial reporting across alternative and traditional investments) announced they have entered into a definitive agreement under which iCapital will acquire Mirador.

EP Wealth Advisors Acquires $1.2 Billion Wacker Wealth Partners

By Amit Chowdhry ● Apr 5, 2024

EP Wealth Advisors, a leading independent registered investment adviser (RIA) with an expanding national presence and client base, announced it had acquired Wacker Wealth Partners. This partnership with the San Luis Obispo, California-based firm expands EP’s presence in California to the state’s Central Coast and adds nearly $1.2 billion in assets under management.

Clearstead Advisors Acquiring Wilbanks Smith And Thomas

By Amit Chowdhry ● Apr 5, 2024

Leading registered financial advisor (RIA) Clearstead Advisors has acquired the assets of Wilbanks Smith and Thomas Asset Management (WST), a Norfolk, Virginia-based wealth and investment management firm with over $5 billion of assets under management. This combination continues Clearstead's growth trajectory and further consolidates Clearstead's position among the leading RIAs in the US.

TPG To Buy Collision Repair Multi-Site Operator Classic Collision

By Amit Chowdhry ● Apr 5, 2024

Global alternative asset management firm TPG has agreed to acquire Classic Collision, a leading national collision repair multi-site operator. TPG Capital (the U.S. and European private equity platform of TPG) will buy the business from New Mountain Capital. Classic Collision’s management team will remain invested in the company. The terms of the transaction were undisclosed.

Advent International Taking Nuvei Private In $6.3 Billion Deal

By Amit Chowdhry ● Apr 4, 2024

Nuvei announced that it has entered into a definitive arrangement agreement to be taken private by private equity firm Advent International, with the support of each of the company's holders of multiple voting shares, including Philip Fayer, certain investment funds managed by Novacap Management, and CDPQ. This all-cash transaction values Nuvei at an enterprise value of approximately US$6.3 billion. The company will remain based in Montreal.

Blue Yonder To Buy One Network Enterprises For About $839 Million

By Amit Chowdhry ● Apr 3, 2024

Blue Yonder - a leader in digital supply chain transformations - announced the signing of an agreement to acquire One Network Enterprises for about $839 million, subject to adjustments. One Network is known for its autonomous and resilience services and is a leading global provider of intelligent control towers. Upon the deal's completion, Blue Yonder will be well-positioned to serve customers’ needs across planning, execution, and commerce.

One Equity Partners Buying Marine Energy Company Acteon Group

By Amit Chowdhry ● Apr 3, 2024

Descartes Buying OCR For About $90 Million

By Amit Chowdhry ● Apr 2, 2024

Descartes Systems Group, a global leader in uniting logistics-intensive businesses in commerce, announced that it acquired Rockville, Maryland-based OCR Services, a leading provider of global trade compliance solutions and content. The deal for OCR was about $90 million, and it was satisfied with cash on hand.

Hildred Capital: Multi-Asset Continuation Fund Closed With Commitments Of Over $750 Million

By Amit Chowdhry ● Mar 30, 2024

Hildred Capital - a healthcare-focused private equity firm that partners with middle-market companies - announced the closing of a multi-asset continuation fund led by Lexington Partners and a leading group of limited partners. Lexington is one of the world’s largest managers of secondary private equity and co-investment funds.

Child Care Platform Company Wonderschool Buying EarlyDay

By Amit Chowdhry ● Mar 30, 2024

Child care platform companyWonderschool announced the acquisition of EarlyDay, a VC-backed early childhood career marketplace, to help early educators address the staffing challenges and reduce administrative burnout in child care.

Capital Bancorp Buying Integrated Financial In $66 Million Deal

By Amit Chowdhry ● Mar 29, 2024

Capital Bancorp and Integrated Financial Holdings announced that they have entered into a merger agreement under which Capital Bancorp will acquire Integrated Financial in a cash and stock transaction valued at $66 million, exclusive of the value of a dividend to be received by Integrated Financial shareholders at or immediately before closing.

Abrigo Buying Investment Accounting And Management Solutions Company TPG Software

By Amit Chowdhry ● Mar 29, 2024

Abrigo (a leading provider of compliance, credit risk, and lending solutions for financial institutions) announced it has acquired TPG Software, an industry leader in investment accounting and management solutions. This acquisition marks the latest in a series of strategic investments by Abrigo to help financial institutions streamline risk and accounting management processes while ensuring internal and regulatory compliance.

Rexford Industrial Buying Blackstone Industrial Assets In Combined $1 Billion Investment

By Amit Chowdhry ● Mar 29, 2024

Rexford Industrial Realty - a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, and Blackstone, announced Rexford Industrial acquired approximately 3 million square feet of industrial properties under separate transactions with Blackstone Real Estate, including the Blackstone Property Partners strategy and Blackstone Real Estate Partners and Blackstone Real Estate Income Trust, for an aggregate purchase price of $1 billion.

UBS Selling $8 Billion Of Credit Suite Assets To Apollo

By Amit Chowdhry ● Mar 29, 2024

UBS and Apollo announced that they have entered into an agreement under which ATLAS SP has concluded its Transition Services Agreement with UBS, and UBS will close out its Investment Management Agreement with Atlas. As part of this deal, Apollo will purchase $8 billion of senior secured financing facilities from UBS.

Take-Two Interactive Software Buying The Gearbox For $460 Million

By Amit Chowdhry ● Mar 29, 2024

Take-Two Interactive Software, one of the largest interactive entertainment companies in the world, announced that it has entered into a definitive agreement with Embracer Group to acquire The Gearbox Entertainment Company for $460 million. The consideration consists entirely of newly issued shares of Take-Two common stock.

Honeywell To Buy Italy-Based Civitanavi In €200 Million Deal

By Amit Chowdhry ● Mar 28, 2024

Honeywell announced it agreed to buy Civitanavi for €200 million. This deal is based on a €6.30 per-share bid, and it would combine the technologies of both companies to provide new opportunities for customers to enable autonomous operations.

CPS Energy Buying Gas Plants From Talen Energy In $785 Million Deal

By Amit Chowdhry ● Mar 28, 2024

The Home Depot Buying SRS In $18.25 Billion Deal

By Amit Chowdhry ● Mar 28, 2024

The Home Depot announced today that it is acquiring SRS Distribution for $18.25 billion. This deal evidences The Home Depot's goal of driving sales by winning more business from roofers, contractors, and handy professionals.

EPAM Buying Vates To Expand In Latin America

By Amit Chowdhry ● Mar 27, 2024

EPAM Systems, a leading transformation services and product engineering company, announced the acquisition of Vates S.A., an award-winning software development company with offices in Argentina and Chile. Vates will enhance EPAM's software development portfolio and diversify its Latin America delivery capabilities.