Mergers & Acquisitions

Capgemini Buying WNS In $3.3 Billion Deal

By Amit Chowdhry ● Jul 8, 2025

Capgemini (a global business and technology transformation partner) and WNS (a leading digital-led business transformation and services company) announced that they have entered into a definitive transaction agreement under which Capgemini will acquire WNS for a cash consideration of $76.50 per WNS share, which represents a premium of 28% to the 90-day average share price from the time the deal was announced.

Thoma Bravo: $2 Billion Acquisition Of Olo

By Amit Chowdhry ● Jul 8, 2025

Olo (a leading open SaaS platform for restaurants) announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, in an all-cash transaction valuing Olo at approximately $2 billion in equity value.

Odyssey Selling Applied Technical Services To SGS For $1.325 Billion

By Amit Chowdhry ● Jul 8, 2025

Odyssey Investment Partners announced that it has entered into a definitive agreement to sell its portfolio company Applied Technical Services (a provider of specialized Testing, Inspection, Calibration, and Forensic Consulting solutions in North America) to SGS (a leading Testing, Inspection, and Certification company) in a transaction valued at $1.325 billion.

G&A Partners To Buy GrowthForce

By Amit Chowdhry ● Jul 8, 2025

G&A Partners, a leading professional employer organization (PEO) and human resources outsourcing (HRO) provider, has acquired GrowthForce, a top accounting firm specializing in financial management for service-based businesses and nonprofits.

KKR Buying ProTen From Aware Super

By Amit Chowdhry ● Jul 8, 2025

Global investment firm KKR and the Australian superannuation fund Aware Super have finalized agreements in which KKR-managed funds will purchase ProTen, one of Australia's largest agricultural infrastructure businesses, from Aware Super.

Santander To Buy TSB From Sabadell For £2.65 Billion

By Amit Chowdhry ● Jul 8, 2025

Santander announced that it has reached an agreement to acquire 100% of TSB Banking Group from Banco de Sabadell, with a valuation of £2.65 billion (approximately €3.1 billion) in an all-cash transaction.

ORIX Corporation USA To Buy Majority Stake In Hilco Global

By Amit Chowdhry ● Jul 8, 2025

ORIX Corporation USA and Hilco Global (a diversified global financial services firm headquartered outside of Chicago, Illinois) announced that they have entered into a definitive agreement under which ORIX USA will acquire a majority equity ownership of Hilco Global.

Noodle Buying MindMax To Enhance Marketing Capabilities For Universities

By Amit Chowdhry ● Jul 8, 2025

Noodle Partners announced the acquisition of key assets MindMax, a leading marketing and enrollment agency that partners with colleges and universities. And the move strengthens Noodle's ability to deliver flexible, integrated solutions across the student journey—from discovery to graduation.

BlackRock Acquiring $7.3 Billion Real Estate Firm ElmTree Funds

By Amit Chowdhry ● Jul 7, 2025

BlackRock has announced that it has entered into a definitive agreement to acquire ElmTree Funds, a net-lease real estate investment firm managing a total of $7.3 billion in assets as of March 31, 2025. The initial payment will primarily be made in stock, with the potential for more compensation based on ElmTree's performance over the next five years.

Izzi Software Buying CNX Corporation

By Amit Chowdhry ● Jul 7, 2025

Izzi Software, a leading provider of innovative enterprise software solutions, announced the acquisition of Chicago-based CNX Corporation, a technology company specializing in accelerating app development for users of IBM Power Systems.

Wabtec To Buy Frauscher Sensor For €675 Million In Cash

By Amit Chowdhry ● Jul 7, 2025

Wabtec has announced that it has entered into a definitive agreement to acquire Frauscher Sensor Technology Group, a leader in train detection, wayside object control solutions, and axle counting systems. This acquisition will drive accelerated and profitable growth for Wabtec, while also enhancing the company’s Digital Intelligence business by integrating complementary railway signaling technologies.

H.I.G. Capital: Majority Stake In GLD Sold To MarcyPen And Brand Velocity

By Amit Chowdhry ● Jul 7, 2025

H.I.G. Growth Partners, part of H.I.G. Capital, has sold its jewelry and lifestyle company, The GLD Shop, to MarcyPen Capital Partners and Brand Velocity Group while retaining a minority interest to support future growth.

White Mountains To Buy Majority Stake In Distinguished Programs

By Amit Chowdhry ● Jul 7, 2025

White Mountains Insurance Group announced that it has agreed to acquire a majority stake in Distinguished Programs, an MGA and program administrator for specialty property & casualty insurance. Following the acquisition, White Mountains will own a 51% controlling interest in Distinguished.

TPG: $1.1 Billion Acquisition Of Sabre’s Hospitality Solutions Business Completed

By Amit Chowdhry ● Jul 7, 2025

Leading hospitality technology provider Hospitality Solutions has announced the completion of its acquisition by TPG from Sabre. This marks a new chapter for Hospitality Solutions as a standalone company with enhanced operational focus, agility, and resources, positioning it as the core technology platform for hotels globally.

Alcon To Buy LumiThera

By Amit Chowdhry ● Jul 7, 2025

Alcon, a leader in eye care, plans to acquire LumiThera, an innovator in light-based therapies for ophthalmology, along with its PBM device for treating early and intermediate dry age-related macular degeneration (AMD).

CoreWeave To Buy Core Scientific In Deal Valued At About $9 Billion

By Amit Chowdhry ● Jul 7, 2025

CoreWeave and Core Scientific, a leading data center infrastructure provider, announced that they have signed a definitive agreement under which CoreWeave will buy Core Scientific in an all-stock transaction.

Allegion Acquires Access Control Software Company Gatewise

By Amit Chowdhry ● Jul 7, 2025

Allegion, a leading global provider of security products and solutions, has acquired Gatewise, a provider of smart access control solutions in the U.S. multifamily market, through one of its subsidiaries.

Commonwealth: $430 Million Patrick Funke & Associates Team Onboarded

By Amit Chowdhry ● Jul 6, 2025

Truelink Capital Buys Cleaning Products Company Zep

By Amit Chowdhry ● Jul 2, 2025

Truelink Capital, a Los Angeles private equity firm, has acquired Zep, a cleaning and sanitation solutions manufacturer, from New Mountain Capital. The financial terms were not disclosed.

Steward Partners Onboards $1.1 Billion Team Consilium Wealth Management

By Amit Chowdhry ● Jul 2, 2025

Steward Partners, a full-service, employee-owned, independent financial services firm, announced the acquisition of Consilium Wealth Management, adding $1.1 billion in assets to its platform within the Legacy Division.

Harvest Partners Completes Majority Acquisition Of The Learning Experience

By Amit Chowdhry ● Jul 2, 2025

Harvest Partners has announced the completion of a majority acquisition of The Learning Experience (TLE) by funds managed by Harvest from Golden Gate Capital.

Nationwide: $1.25 Billion Acquisition Of Allstate Employer Stop Loss Business Completed

By Amit Chowdhry ● Jul 2, 2025

Nationwide has completed the acquisition of The Allstate Corporation's employer stop loss segment for $1.25 billion.

Tenstorrent Buying Blue Cheetah Analog Design

By Amit Chowdhry ● Jul 2, 2025

Tenstorrent has acquired Blue Cheetah Analog Design, a start-up specializing in analog mixed-signal IP. And Blue Cheetah, a key vendor for Tenstorrent, has been developing advanced interconnects for its chiplet products. This deal follows their earlier partnership on die-to-die interconnect IP for AI and RISC-V solutions.

Honeywell To Buy Li-ion Tamer Business From Nexceris

By Amit Chowdhry ● Jul 2, 2025

Honeywell has acquired Nexceris's Li-ion Tamer business, which offers off-gas detection solutions for lithium-ion batteries that identify thermal runaway events. This acquisition adds to Honeywell's fire life safety technologies within its Building Automation segment. Over the past five years, Honeywell and Nexceris partnered to address lithium-ion battery system safety. The deal is expected to have a positive impact on Honeywell's financials immediately.

H.I.G. Capital: Up To C$400 Million Acquisition Of 4Refuel Completed

By Amit Chowdhry ● Jul 2, 2025

H.I.G. Capital, a firm managing $70 billion in capital, has acquired 4Refuel, a leader in Mobile On-Site Refueling services, from Finning International for up to C$400 million.

Grammarly To Buy AI-Native Email App Company Superhuman

By Amit Chowdhry ● Jul 2, 2025

Grammarly has announced its intention to acquire Superhuman, an AI-driven email application designed to help users respond to emails one to two days faster and save four hours each week on their email communications. This deal marks a significant step forward in Grammarly’s evolution into an AI-powered productivity platform for apps and agents, underscoring the importance of email in the company's vision for a future driven by agents.

AbbVie Buying Capstan Therapeutics In $2.1 Billion Deal

By Amit Chowdhry ● Jun 30, 2025

AbbVie and Capstan Therapeutics (a clinical-stage biotechnology company dedicated to advancing in vivo engineering of cells through RNA delivery using tLNPs) announced a definitive agreement under which AbbVie will acquire Capstan, including CPTX2309 (a potential first-in-class in vivo tLNP anti-CD19 CAR-T therapy candidate, currently in Phase 1, in development for the treatment of B cell-mediated autoimmune diseases). Plus, AbbVie will buy Capstan's proprietary tLNP platform technology designed to deliver RNA payloads, such as mRNA, which is capable of engineering specific cell types in vivo.

Clio To Buy vLex For $1 Billion

By Amit Chowdhry ● Jun 30, 2025

Clio, a leading provider of legal technology, announced it has signed a definitive agreement to acquire vLex, a pioneer in legal intelligence that combines AI with the world's most comprehensive global legal research platform. The deal is valued at $1 billion and will be paid in a combination of cash and stock.

Edward Jones To Buy Overlay Management Services Capabilities From Natixis

By Amit Chowdhry ● Jun 30, 2025

Edward Jones announced it intends to acquire Natixis Investment Managers' (Natixis IM) Overlay Management Services capabilities through the purchase of select assets and an exclusive license for certain proprietary technology. And Natixis IM will continue to serve as a direct-indexing provider to Edward Jones' UMA offerings. The deal is expected to close later this year, at which time Edward Jones will serve as the overlay manager for its U.S.-based Unified Managed Accounts (UMA).

Movable Ink To Be Acquired By STG

By Amit Chowdhry ● Jun 29, 2025

Movable Ink, an AI-based personalized content platform, announced it has signed a definitive agreement to be acquired by STG, a private equity firm focused on software-enabled tech services companies. Since its founding, Movable Ink has redefined what's possible in marketing, utilizing the power of automation and AI to personalize customer experiences at scale across every customer touchpoint.