Mergers & Acquisitions

Why Cadence Is Buying Invecas

By Noah Long ● Jan 11, 2024

Cadence Design Systems recently announced that it has acquired Invecas - a leading provider of design engineering, embedded software, and system-level solutions, headquartered in Santa Clara, California. The deal adds a skilled system design engineering team to Cadence, with expertise in providing customers with custom solutions across chip design, product engineering, advanced packaging, and embedded software.

Why Zendesk Is Buying Klaus

By Annie Baker ● Jan 10, 2024

Zendesk recently announced it had signed a definitive agreement to acquire Klaus, the industry-leading AI-powered quality management platform. And AI is driving a rapid increase in customer interactions and radically transforming the world of customer service. Customer service teams are now being asked to increase their ROI by managing a rising volume of interactions while providing quality service and increasing their organization's efficiency.

HPE Buying Juniper Networks For About $14 Billion: Details

By Amit Chowdhry ● Jan 10, 2024

Hewlett Packard Enterprise and Juniper Networks (a leader in AI-native networks) announced that the companies have entered a definitive agreement under which HPE will buy Juniper in an all-cash transaction for $40 per share, representing an equity value of approximately $14 billion.

Why GSK Is Buying Aiolos Bio In A $1.4 Billion Deal

By Amit Chowdhry ● Jan 9, 2024

GSK plc and Aiolos Bio announced that they have entered into an agreement under which GSK will buy Aiolos, a clinical-stage biopharmaceutical company focused on addressing the unmet treatment needs of patients with certain respiratory and inflammatory conditions, for a $1 billion upfront payment and up to $400 million in certain success-based regulatory milestone payments.

Novartis Acquiring Calypso: Details About The Deal

By Noah Long ● Jan 9, 2024

Calypso Biotech BV - a leader in developing Interleukin15 (IL-15) targeted therapies - recently announced that it has agreed to be acquired by Novartis AG. And Calypso’s shareholders will receive an upfront payment of $250 million upon closing and are eligible to receive development milestones of up to $175 million based on the achievement of certain predetermined milestones.

Why Ridgewood Infrastructure Is Buying Waste Resources Management

By Annie Baker ● Jan 9, 2024

Ridgewood Infrastructure LLC - a leading infrastructure investor in the U.S. - recently announced the acquisition of Waste Resources Management (WRM), which is a mission-critical provider of liquids and wastewater collection, treatment, and disposal serving the commercial and industrial market.

Why Crimson Phoenix Is Buying Cyberspace Solutions

By Dan Anderson ● Jan 8, 2024

Godspeed Capital Management LP - a lower middle market Defense & Government services, solutions, and technology-focused private equity firm - recently announced the acquisition of Cyberspace Solutions LLC (CSS) by its Intelligence, AI/ML, and Data Analytics platform Crimson Phoenix.

Why Johnson & Johnson Is Buying Ambrx For About $2 Billion

By Annie Baker ● Jan 8, 2024

Johnson & Johnson announced today it has entered into a definitive agreement to acquire Ambrx Biopharma - a clinical-stage biopharmaceutical company with a proprietary synthetic biology technology platform to design and develop next-generation antibody drug conjugates (ADCs) - in an all-cash merger transaction for a total equity value of about $2 billion, or $1.9 billion net of estimated cash acquired.

Boston Scientific Buying Axonics For $3.7 Billion: Details

By Dan Anderson ● Jan 8, 2024

Boston Scientific announced it has entered into a definitive agreement to buy Axonics, a publicly traded medical technology company primarily focused on the development and commercialization of differentiated devices to treat urinary and bowel dysfunction. The purchase price is $71 in cash per share, reflecting an equity value of about $3.7 billion and an enterprise value of approximately $3.4 billion.

Why Mimecast Is Buying Elevate Security

By Dan Anderson ● Jan 7, 2024

Mimecast - an advanced email and collaboration security company - recently announced its acquisition of Elevate Security, a provider of human risk management solutions. This acquisition strengthens Mimecast’s offerings by providing proactive insights and deeper visibility into human behaviors and risk, helping customers better protect the digital workplace. The financial terms of the deal were not disclosed.

Why Society Brands Is Buying Primal Life Organics

By Amit Chowdhry ● Jan 5, 2024

Society Brands - a tech-enabled consumer products company built for and by founders – recently announced it has partnered with fellow Northeast Ohio-based Primal Life Organics, an established purveyor of personal care products, to continue to build and expand its direct-to-consumer and retail-based business while advocating “The Clean Beauty Movement.”

Why APA Is Buying Callon Petroleum For $4.5 Billion

By Annie Baker ● Jan 5, 2024

APA Corporation and Callon Petroleum Company have entered into a definitive agreement under which APA will buy Callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon's net debt.

Why SentinelOne Is Buying PingSafe

By Amit Chowdhry ● Jan 3, 2024

SentinelOne - a global leader in AI-powered security - announced today that it has agreed to acquire PingSafe. The acquisition of PingSafe’s cloud-native application protection platform (CNAPP) - when combined with SentinelOne’s cloud workload security and cloud data security capabilities - will provide companies with a fully integrated platform that drives better coverage, hygiene, and automation across their entire cloud footprint.

Franklin Templeton Completes Putnam Investments Acquisition

By Dan Anderson ● Jan 3, 2024

Franklin Resources - a global investment management organization operating as Franklin Templeton - recently announced the successful completion on January 1, 2024, of its acquisition of Putnam Investments from Great-West Lifeco. Per the terms of the deal, Great-West becomes a long-term shareholder in Franklin Resources, consistent with Great-West’s continuing commitment to asset management.

EIG To Buy Ocyan For $390 Million: Details

By Annie Baker ● Jan 3, 2024

EIG - a leading institutional investor in the global energy and infrastructure sectors - recently announced that it has entered into definitive agreements with Novonor S.A. and Brazilian Development Bank (BNDES) to acquire Ocyan Participações S.A., a Brazilian-based solutions provider to the offshore oil and gas industry, for a total amount of $390 million, considering $283 million for Novonor’s 100% equity interest and the remaining amount for liquidation of its outstanding balance of non-voting securities related to the company.

Luna: $50 Million In Funding And Silixa Acquisition

By Amit Chowdhry ● Jan 3, 2024

Luna Innovations - a global leader in advanced fiber optic-based technology - recently announced a $50 million investment by White Hat Capital Partners, an investment firm focused on sustainable value creation in technology companies serving mission-critical applications. The proceeds from this strategic investment were partially used to fund the acquisition of Silixa and related transaction costs in the aggregate amount of approximately $25 million.

Myers Industries Buying Signature Systems For About $350 Million

By Annie Baker ● Jan 2, 2024

Myers Industries - a leading manufacturer and distributor of industrial products - announced today that it has entered into an agreement and plan of merger. Myers will acquire Signature Systems, a leader in composite ground protection solutions. These are the details.

EchoStar And DISH Network Complete Merger

By Noah Long ● Jan 2, 2024

Today, EchoStar announced the completion of its acquisition of DISH Network on December 31, 2023. To complete the acquisition, a wholly owned subsidiary of EchoStar has merged with and into DISH Network, with DISH Network surviving the merger as a wholly owned subsidiary of EchoStar.

Roche Buying LumiraDx’s Point Of Care Technology Platform For $295 Million

By Annie Baker ● Jan 2, 2024

LumiraDx Limited - a next-generation point-of-care diagnostics company - recently announced the appointment of joint administrators for two of its subsidiaries. And the administrators have signed a definitive agreement to sell certain companies of the LumiraDx group related to LumiraDx’s innovative point-of-care technology to Roche.

Why Enpro Is Buying Advanced Micro Instruments For $210 Million

By Amit Chowdhry ● Dec 28, 2023

Enpro - an industrial technology company – recently announced that it has entered into a definitive agreement to acquire Advanced Micro Instruments, Inc. (AMI), a leading provider of highly engineered, application-specific analyzers and sensing technologies that monitor critical parameters to maintain infrastructure integrity, enable process efficiency, enhance safety, and facilitate the clean energy transition. Under the terms of the deal, Enpro will acquire AMI for $210 million in cash, representing a valuation of about 13x normalized 2023 EBITDA.

AstraZeneca Buying Gracell Biotechnologies For Up To $1.2 Billion

By Annie Baker ● Dec 27, 2023

Gracell Biotechnologies - a global clinical-stage biopharmaceutical company dedicated to developing innovative cell therapies for the treatment of cancer and autoimmune diseases – recently announced it has entered into a definitive agreement to be acquired by AstraZeneca.

Bristol Myers Squibb Acquiring RayzeBio In $4.1 Billion Deal: Details

By Amit Chowdhry ● Dec 27, 2023

Bristol Myers Squibb and RayzeBio recently announced a definitive merger agreement under which Bristol Myers Squibb will acquire RayzeBio for $62.50 per share in cash, for a total equity value of approximately $4.1 billion (or $3.6 billion net of estimated cash acquired). The deal was unanimously approved by both the Bristol Myers Squibb and RayzeBio Boards of Directors.

Why Cisco Is Buying Isovalent

By Amit Chowdhry ● Dec 27, 2023

Cisco recently announced the intent to buy Isovalent, a leader in open-source cloud-native networking and security, to boost its secure networking capabilities across public clouds. The acquisition of Isovalent will build on Cisco’s Security Cloud vision, an AI-driven and integrated security platform for organizations of all sizes.

TFI International Buying Daseke For $1.1 Billion: Details

By Dan Anderson ● Dec 25, 2023

TFI International, a North American leader in the transportation and logistics industry, recently announced it has agreed to acquire Daseke, one of the leading flatbed and specialized transportation and logistics companies in North America, for $8.30 in cash per common share.

Why MSCI Is Buying Fabric

By Dan Anderson ● Dec 25, 2023

MSCI - a leading provider of mission-critical decision support tools and services for the global investment community – recently announced its purchase agreement to acquire Fabric, a wealth technology platform specializing in portfolio design, customization, and analytics for wealth managers and advisors.

Bristol Myers Squibb Buying Karuna Therapeutics For $14 Billion: Details

By Amit Chowdhry ● Dec 25, 2023

Bristol Myers Squibb and Karuna Therapeutics recently announced that they have entered into a definitive merger agreement under which Bristol Myers Squibb has agreed to acquire Karuna for $330 per share in cash, for a total equity value of $14 billion, or $12.7 billion net of estimated cash acquired. The deal was unanimously approved by both the Bristol Myers Squibb and Karuna Boards of Directors.

Harbour Energy Signs $11.2 Billion Deal For Wintershall Dea Assets

By Noah Long ● Dec 25, 2023

BASF, LetterOne, and Harbour Energy plc (Harbour) recently signed a business combination agreement to transfer Wintershall Dea’s E&P business consisting of its producing and development assets and exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) and Wintershall Dea’s carbon capture and storage (CCS) licenses to Harbour. In exchange, at the closing of the deal, the shareholders of Wintershall Dea – BASF (72.7%) and LetterOne (27.3%) – will receive total cash consideration of $2.15 billion (BASF share: $1.56 billion) and new shares issued by Harbour equating to a total shareholding in the enlarged Harbour of 54.5% (BASF share: 39.6%).

Why Accenture Is Buying SirfinPA

By Annie Baker ● Dec 24, 2023

Accenture recently announced it has signed an agreement to buy Customer Management IT and SirfinPA, a pair of jointly-owned Italian technology consultancies supporting the public sector and specializing in justice and public safety. This acquisition aligns with Accenture’s focus on helping Italian public service organizations build their digital core and deliver enhanced services to the citizens they serve.

Alteryx To Be Acquired For $4.4 Billion By Clearlake And Insight: Details

By Annie Baker ● Dec 23, 2023

Alteryx recently announced that it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P., and Insight Partners in a transaction valued at $4.4 billion, including debt. And upon completion of the transaction, Alteryx will become a privately held company.

ADM Buying Dairy Flavor Company Revela Foods

By Annie Baker ● Dec 22, 2023

ADM (a global leader in human and animal nutrition) recently announced it is adding to its flavor capabilities with an agreement to acquire Revela Foods, a Wisconsin-based developer and manufacturer of innovative dairy flavor ingredients and solutions.