Mergers & Acquisitions

Why Avathon Capital Is Buying Magical Beginnings

By Annie Baker ● Feb 1, 2024

Avathon Capital - a private equity firm exclusively investing in lower middle-market companies in the education and workforce markets - announced the acquisition of Magical Beginnings Learning Centers. Magical Beginnings is a Massachusetts-based network of early childhood education centers in the Greater Boston Area.

Advantage Solutions Selling Collection Of Foodservice Businesses To Prospect Hill Growth Partners

By Dan Anderson ● Feb 1, 2024

Advantage Solutions - a leading provider of sales and marketing services to consumer goods manufacturers and retailers - announced it has sold its collection of foodservice businesses, most notably Waypoint, to Prospect Hill Growth Partners, L.P.

Byron Allen’s Allen Media Group Offers $30 Billion For Paramount: Details

By Amit Chowdhry ● Jan 31, 2024

Businessman, film and TV producer, and comedian Byron Allen has made a $30 billion offer (including debt) for Paramount Global through his company Allen Media Group. Paramount Global is the parent company of CBS and several cable channels such as Nickelodeon.

Why Fabric Is Buying GYANT

By Amit Chowdhry ● Jan 31, 2024

Fabric (founded in 2021 as Florence) announced its strategic acquisition of GYANT, a conversational AI care assistant and patient engagement suite, enabling health organizations to automate patient navigation and scheduling. And by automating busywork and humanizing care, Fabric could improve multi-channel access and maximize existing clinical capacity across virtual and in-person care.

Why HCSC Is Buying Medicare Businesses And CareAllies from Cigna

By Annie Baker ● Jan 31, 2024

HCSC signed a definitive agreement with The Cigna Group to acquire its Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses. This acquisition will benefit HCSC's current and future members by enhancing the company's capabilities and reach, particularly in the growing Medicare segment.

Travel + Leisure Buying Accor Vacation Club In $48.4 Million Deal

By Noah Long ● Jan 31, 2024

Travel + Leisure Co. - the world’s leading membership and leisure travel company - announced an agreement to acquire the vacation ownership business of global hospitality giant Accor for $48.4 million. The deal is expected to close in the first quarter of 2024 and to be immediately accretive to Travel + Leisure Co. earnings upon completion.

Why Cardinal Health Is Buying Specialty Networks For $1.2 Billion

By Amit Chowdhry ● Jan 31, 2024

Cardinal Health announced that it has entered into a definitive agreement to acquire Specialty Networks, a technology-enabled multi-specialty group purchasing and practice enhancement organization, for $1.2 billion in cash. And Specialty Networks creates clinical and economic value for independent specialty providers and partners across multiple specialty GPOs: UroGPO, Gastrologix and GastroGPO, and United Rheumatology.

Why Rocscience Is Buying DIANA FEA

By Noah Long ● Jan 30, 2024

Rocscience (a leading geotechnical software solutions provider), in collaboration with global private equity firm TA Associates, announced the acquisition of DIANA FEA. Based in the Netherlands, DIANA specializes in developing multi-purpose Finite Element Analysis (FEA) software, reinforcing Rocscience's global commitment to advancing engineering solutions.

Why Amphenol Is Buying The CIT Business From Carlisle

By Annie Baker ● Jan 30, 2024

Amphenol Corporation - a leading global provider of high-technology interconnect, antenna and sensor solutions - announced a definitive agreement to acquire the Carlisle Interconnect Technologies (CIT) business of Carlisle Companies Incorporated for $2.025 billion in cash, subject to customary post-closing adjustments.

Why Aditxt Is Buying A Portfolio Of EEG Brain Monitoring Technologies And Devices Formerly Owned By Brain Scientific

By Dan Anderson ● Jan 30, 2024

Aditxt - a company dedicated to discovering, developing, and deploying promising health innovations - announced the acquisition of a portfolio of EEG brain monitoring technologies and devices formerly owned by Brain Scientific. The products targeting the neurology monitoring market will be essential in shaping its dynamic landscape for neurological care.

Why ieDigital Is Buying ABAKA

By Annie Baker ● Jan 30, 2024

ieDigital has announced the acquisition of ABAKA, an AI-based recommendation engine platform that uses machine learning and behavioral segmentation software to predict which products like banking products, savings accounts, or retirement solutions are the most likely to be bought by financial services consumers.

Why ePlus Is Buying PEAK Resources

By Noah Long ● Jan 30, 2024

ePlus announced that it has acquired certain assets of PEAK Resources. Based in Denver, PEAK has built a reputation as one of the top IT Solution Providers in the region. PEAK's customer-centric approach focuses on delivering professional services, data centers, networking, and cyber security products and solutions. The deal will help drive additional growth with enhanced engineering, sales, and service delivery capabilities in the Mountain West region.

Why Quantum5 Is Buying Trivie

By Noah Long ● Jan 29, 2024

Ander and its automotive division Quantum5 (the first holistic learning ecosystem in automotive to drive measurable performance through engagement and proficiencies) announced the acquisition of Trivie (a modern workforce engagement platform that utilizes AI-generative tools to personalize learning content, build community, and deliver higher learning experiences through knowledge reinforcement science).

Why Arthur J. Gallagher & Co. Is Buying Forest Insurance Facilities

By Annie Baker ● Jan 29, 2024

Arthur J. Gallagher & Co. has announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. The terms of the deal were not disclosed.

WillScot Mobile Mini Buying McGrath RentCorp For $3.8 Billion

By Noah Long ● Jan 29, 2024

WillScot Mobile Mini Holdings (a leader in innovative temporary space solutions) announced it has entered into a definitive agreement to acquire McGrath RentCorp (a leading business-to-business rental company based in Livermore, California). This acquisition will advance WillScot Mobile Mini’s position as a North American leader in turnkey space solutions with a complementary geographic footprint and a more diversified platform, providing enhanced value across key customer segments.

Why Dynatrace Is Buying Runecast

By Amit Chowdhry ● Jan 29, 2024

Dynatrace (a leader in unified observability and security) announced it signed a definitive agreement to acquire Runecast (a provider of AI-powered security and compliance solutions). Integrating Runecast into the Dynatrace platform will extend Dynatrace contextual security protection and analytics with Runecast security posture management.

Fresh Vine Wine Signs Deal To Merge With Notes Live In $350 Million Deal

By Annie Baker ● Jan 29, 2024

Why H.I.G. Capital Is Buying DX Group

By Annie Baker ● Jan 29, 2024

H.I.G. Capital - a leading global alternative asset investment firm with $60 billion of capital under management - announced that one of its affiliates has completed the public-to-private acquisition of DX Group plc, which was previously listed on the London Stock Exchange’s AIM market, for an aggregate consideration of £307 million.

Why vidIQ Is Buying Creator Now

By Noah Long ● Jan 29, 2024

vidIQ announced it is buying Los Angeles-based creator education platform Creator Now. Launched in 2021, Creator Now was founded by YouTube star Airrack along with co-founders, Zack Honarvar and Kate Ward. And the company has been on a mission to connect up-and-coming creators with the educational resources and community they need to successfully grow and monetize on YouTube.

Vista Equity Partners Completes $4 Billion EngageSmart Acquisition

By Dan Anderson ● Jan 28, 2024

EngageSmart (a leading provider of vertically tailored customer engagement software and integrated payments solutions) has announced the completion of its acquisition by an affiliate of Vista Equity Partners (a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses) for $23 per share in cash, valuing the company at about $4 billion.

Why Roper Technologies Is Buying Procare Solutions For About $1.75 Billion

By Amit Chowdhry ● Jan 26, 2024

Roper Technologies announced that it has reached a definitive agreement to acquire Procare Solutions for a net purchase price of approximately $1.75 billion, including a $110 million tax benefit resulting from the transaction. The net purchase price represents about 18 times Procare’s estimated EBITDA for the twelve months ending March 31, 2025.

Why Haleon Is Selling ChapStick To Suave Brands For $430 Million

By Amit Chowdhry ● Jan 26, 2024

Haleon plc entered into a binding agreement to sell the ChapStick brand to Suave Brands Company, a portfolio company of Yellow Wood Partners.

Why Minute Media Is Buying STN Video

By Annie Baker ● Jan 26, 2024

Minute Media - a leading global technology and sports content company - announced it has acquired STN Video, the North American industry leader in sports content distribution, who holds premium partnerships with every major league in the US alongside an award-winning Online Video Platform, reaching tens of millions of unique users across the web.

Why Kadant Is Buying KWS Manufacturing Company

By Annie Baker ● Jan 26, 2024

Kadant announced it had completed the acquisition of KWS Manufacturing Company, Ltd. (KWS) for about $84 million in cash, subject to certain customary adjustments. This acquisition was financed primarily through borrowings under Kadant's revolving credit facility.

National Bankshares To Buy Frontier Community Bank For $17.1 Million Deal: Details

By Dan Anderson ● Jan 25, 2024

National Bankshares and Frontier Community Bank has jointly announced that they have entered into a definitive merger agreement for National Bankshares to buy Frontier. And as of September 30, 2023, Frontier had total assets of approximately $154 million. Upon the completion of the deal, National Bankshares is expected to have total consolidated assets of approximately $1.7 billion based on September 30, 2023 financial data.

Why Voltron Data Is Buying Claypot AI

By Amit Chowdhry ● Jan 25, 2024

Voltron Data - a company accelerating modular and composable data analytics systems - recently announced that it has acquired Claypot AI, a real-time AI platform startup. And Voltron Data processes large batch workloads on GPUs today and will incorporate Claypot AI's real-time capabilities on GPU.

Carlyle: Acquisition Of $415 Million Private Student Loan Portfolio And Strategic Investment In Monogram

By Amit Chowdhry ● Jan 24, 2024

Global investment firm Carlyle announced the acquisition of a $415 million private student loan portfolio, and strategic investment into Monogram, a leading provider of finance solutions for students and their families. Led by the former management team of Cognition Financial and backed by Carlyle, Monogram will partner with Carlyle to originate, acquire, and manage high-quality third-party private student loan assets.

Stellantis Buying AI Technologies And IP From CloudMade

By Amit Chowdhry ● Jan 24, 2024

Stellantis N.V. has announced the acquisition of the artificial intelligence framework, machine learning models, intellectual property rights, and patents of CloudMade, a developer of smart and innovative big data-driven automotive solutions.

Farmers Edge To Go Private In Deal With Fairfax

By Noah Long ● Jan 24, 2024

Farmers Edge announced that it has entered into an arrangement agreement with 15635594 Canada, a newly-formed subsidiary of the company's majority shareholder, Fairfax Financial Holdings Limited (FFHL) and FFHL, as guarantor, in respect of a transaction whereby 15635594 Canada will acquire all of the common shares in the capital of Farmers Edge, other than those common shares owned by FFHL and its affiliates and the Farmers Edge Chief Executive Officer at a purchase price of C$0.35 per common share, payable in cash.

Fusemachines To Go Public Through Merger With CSLM Acquisition

By Amit Chowdhry ● Jan 24, 2024

Fusemachines - a leading provider of enterprise AI products and solutions, and CSLM Acquisition Corp. (a special purpose acquisition company), announced the signing of a definitive agreement for a business combination that is expected to result in Fusemachines becoming a public company. Upon closing the deal, subject to approvals by CSLM's stockholders and Fusemachines stockholders and other customary closing conditions, the combined company is expected to list on Nasdaq under the ticker symbol "FUSE."