Mergers & Acquisitions

Why Blue Owl Capital Is Buying Funds Managed By Cowen Healthcare Investments

By Amit Chowdhry ● Nov 1, 2023

Blue Owl Capital recently announced an agreement to acquire funds managed by Cowen Healthcare Investments (CHI), a life sciences investment manager, from CIM. The deal is subject to customary closing conditions and is expected to close in the fourth quarter of 2023.

Why Accenture Is Buying Comtech Group And ConcentricLife

By Amit Chowdhry ● Oct 31, 2023

Accenture recently announced that it has acquired Comtech Group and ConcentricLife. These are the details of the deals.

Omnicom Buying Flywheel For About $835 Million: Details

By Amit Chowdhry ● Oct 30, 2023

Omnicom announced today it has agreed to acquire Flywheel Digital, the digital commerce business of Ascential for a net cash purchase price of approximately $835 million. And Flywheel's services enable top brands to sell more goods more efficiently across hundreds of digital marketplaces, such as Amazon, Walmart, and Alibaba.

Databricks To Acquire Arcion: Details

By Amit Chowdhry ● Oct 27, 2023

Data and AI company Databricks announced it has agreed to acquire Arcion, which is a Databricks Ventures portfolio company that helps enterprises quickly and reliably replicate data across on-prem, cloud databases and data platforms. And this will enable Databricks to provide native solutions to ingest data from various databases and SaaS applications into the Databricks Lakehouse Platform. The transaction is valued at over $100 million, inclusive of incentives.

Why EDB Is Buying Splitgraph

By Amit Chowdhry ● Oct 27, 2023

EnterpriseDB (EDB) - a leader in accelerating Postgres in the enterprise - recently announced its acquisition of Splitgraph. This early-stage disruptor offers a Postgres-compatible serverless SQL API for building data-driven applications from hundreds of data sources. This move is considered a meaningful step in EDB's evolution and highlights its commitment to delivering Postgres solutions to customers' evolving challenges across a diverse data landscape.

Waverly Advisors Buying Rainsberger Wealth Advisors: Details

By Amit Chowdhry ● Oct 26, 2023

Waverly Advisors, LLC - a registered investment advisor (RIA) that specializes in investment management, financial planning and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients - recently announced that it has acquired Rainsberger Wealth Advisors based in Colorado Springs, CO. And with ongoing expansion efforts underway, Waverly has recently added offices in Texas and Mississippi, and now Colorado, in addition to their long-time presence in Alabama, Georgia, and Florida.

Sequoia Financial Group Buying M Capital Advisors: Details

By Dan Anderson ● Oct 26, 2023

Sequoia Financial Group - a leading SEC-registered wealth manager with over $15 billion in assets under management as of September 30, 2023 - recently announced it has agreed to acquire M Capital Advisors - which has been providing customized portfolio management services to individuals and institutions for more than three decades. The firms expect the deal to close by October 31. The financial terms were not disclosed.

Stonepeak Buying Textainer For $7.4 Billion: Details

By Annie Baker ● Oct 26, 2023

Textainer Group Holdings Limited - one of the world’s largest lessors of intermodal containers - recently announced that it has entered into a definitive agreement to be acquired by Stonepeak (a leading alternative investment firm specializing in infrastructure and real assets). Upon completing the deal and the redemption of Textainer’s Series A and B cumulative redeemable perpetual preference shares, Textainer will become a privately held company.

AMN Healthcare Buying MSDR For $300 Million: Details

By Annie Baker ● Oct 26, 2023

AMN Healthcare - the leader and innovator in total talent solutions for healthcare organizations across the United States - recently announced a definitive agreement to acquire MSDR for a purchase price of $300 million. MSDR comprises two healthcare staffing companies specializing in locum tenens and advanced practices: Medical Search International (MSI) and DRW Healthcare Staffing (DRW).

Vista Equity Partners Buying EngageSmart For $4 Billion

By Amit Chowdhry ● Oct 26, 2023

EngageSmart - a leading provider of vertically tailored customer engagement software and integrated payments solutions - recently announced that it has entered into a definitive agreement to be acquired by an affiliate of Vista Equity Partners, a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, in an all-cash transaction valued at about $4 billion.

Fortive Buying EA Elektro-Automatik For $1.45 Billion: Details

By Noah Long ● Oct 26, 2023

Fortive Corporation announced that it has entered into a definitive agreement to acquire EA Elektro-Automatik Holding GmbH (EA), a leading supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications, for $1.45 billion in cash, net of $215 million of tax benefits from Bregal Unternehmerkapital. And the deal is subject to customary closing conditions and regulatory approvals and is expected to close in the early first quarter of 2024.

INVO Bioscience And NAYA Biosciences Merging To Establish Expanded Publicly Traded Life Science Company

By Dan Anderson ● Oct 26, 2023

INVO Bioscience (a healthcare services company focused on expanding access to advanced fertility treatment worldwide) and NAYA Biosciences (a company dedicated to increasing patient access to breakthrough treatments in oncology and regenerative medicine) jointly announced that they have entered into a definitive merger agreement for INVO to acquire NAYA Biosciences in an all-stock transaction. Under the terms of the deal, NAYA Biosciences' shareholders will receive 7.3333 shares of INVO for each share of NAYA Biosciences at closing, for approximately 18.15 million shares of INVO. Following the merger's close, the combined company is expected to operate under the name "NAYA Biosciences." Dr. Daniel Teper, Chairman & CEO of NAYA Biosciences, will be named Chairman & CEO of the combined company.

Roche To Buy Telavant From Roivant For Over $7 Billion

By Annie Baker ● Oct 26, 2023

Roivant recently announced the entry into a definitive agreement with Roche to acquire Telavant Holdings (owned by Roivant Sciences Ltd. and Pfizer). The deal includes the development, manufacturing and commercialization rights in the US and Japan for RVT-3101, a novel TL1A directed antibody. And RVT-3101 is a promising new therapy in development for people suffering from inflammatory bowel disease, including ulcerative colitis and Crohn’s disease.

Steve Madden Buying Almost Famous For $52 Million: Details

By Annie Baker ● Oct 26, 2023

Steven Madden (a leading designer and marketer of fashion footwear, accessories and apparel) recently announced that it has completed the acquisition of privately held Almost Famous, a designer and marketer of women’s apparel. Almost Famous markets products under its own brands, primarily Almost Famous, and private label brands for various retailers.

Why Quext Is Buying Smart Building Tech Company Homebase

By Annie Baker ● Oct 24, 2023

Quext - a leading technology company for the multifamily industry - recently announced its acquisition of Homebase, an innovative building technology platform that drives connectivity and communication for multi-resident communities. This deal brings together two of the most innovative companies in the space, creating a single source for multifamily operators to get the best-in-class community and managed WiFi solutions their residents request.

Why Stax Payments Is Buying Atlantic-Pacific Processing Systems

By Noah Long ● Oct 24, 2023

Stax Payments - a leading payment technology provider - recently announced its acquisition of Atlantic-Pacific Processing Systems (APPS), creating an end-to-end and seamless payment processing platform. And the integration of APPS marks a significant expansion of Stax’s technology stack, giving partners and merchants flexible and customizable options for their payment processing needs on one cohesive platform.

Why Accenture Is Buying ON Service GROUP

By Annie Baker ● Oct 24, 2023

Accenture recently announced it acquired ON Service GROUP, a leading provider of business process services specializing in insurance operations. The terms of the deal were undisclosed.

Why Flatfile Is Acquiring Chatcsv

By Annie Baker ● Oct 24, 2023

Flatfile - a pioneer of AI-assisted data exchange - recently announced the acquisition of AI start-up Chatcsv Inc. With breakout growth in just a few months since being released, ChatCSV already has thousands of users. From global enterprises such as Procter & Gamble and McKinsey to technology companies such as Zapier, Quora, and Vimeo, companies depend on ChatCSV for quick, contextual insight into CSV files and spreadsheets. And the AI-powered app acts as a personal data analyst. It allows users to "chat" with their CSV files, asking pointed questions for extracting textual and visual insights from data, eliminating the tedious and error-prone process of navigating complex datasets manually.

Why Mercer Advisors Is Buying Kingfisher Capital

By Annie Baker ● Oct 24, 2023

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - recently announced the acquisition of Kingfisher Capital, LLC (KC). KC is a comprehensive wealth management firm located in Charlotte, North Carolina. KC was founded by Alexander B. Miles and H.K. Hallett in 1989.

Why GameSquare Is Buying FaZe Clan

By Annie Baker ● Oct 23, 2023

GameSquare Holdings and FaZe Holdings announced that the two companies have entered into a definitive agreement under which GameSquare will acquire FaZe Clan in an arm's length all-stock transaction. The deal brings together two complementary businesses to create one of the world's leading content, media, and entertainment companies focused on gaming, esports, and youth culture.

Chevron Buying Hess In A $53 Billion Deal: Details

By Amit Chowdhry ● Oct 23, 2023

Chevron Corporation announced today it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion (or $171 per share based on Chevron’s closing price on October 20, 2023). And under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The transaction's total enterprise value, including debt, is $60 billion.

Toptal Acquires No-Code Network Company WeLoveNoCode

By Amit Chowdhry ● Oct 21, 2023

Toptal - an exclusive network of the top freelance software developers, designers, finance experts, product managers, and project managers worldwide - has acquired the no-code network company WeLoveNoCode (WLNC). In an email sent to Pulse 2.0, WeLoveNoCode founder and Thiel Fellow Nik Shevchenko said that WeLoveNoCode raised $3 million before the acquisition.

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.