Mergers & Acquisitions

Why MITER Brands Is Buying PGT Innovations For About $3.1 Billion

By Annie Baker ● Jan 22, 2024

MITER Brands (a nationwide manufacturer of precision-built windows and doors) and PGT Innovations (a manufacturer of premium windows and doors) recently announced they have entered into a definitive merger agreement for MITER to acquire all outstanding shares of PGTI for $42 per share in cash, or an enterprise value of approximately $3.1 billion.

Why LiveRamp Is Buying Habu For About $200 Million

By Annie Baker ● Jan 22, 2024

LiveRamp (a leading data collaboration platform) recently announced that it has entered into a definitive agreement to acquire Habu, a data clean room software provider, in a cash and stock transaction valued at approximately $200 million.

Why Snyk Is Buying Helio

By Amit Chowdhry ● Jan 17, 2024

Snyk - a leader in developer security - announced the acquisition of Helios, an industry pioneer capturing application runtime data, to further enhance Snyk’s cloud-to-code risk visibility. This acquisition marks a milestone in Snyk’s Application Security Posture Management (ASPM) journey, accelerating the evolution of Snyk AppRisk and allowing enterprise security teams to more effectively manage their global application security programs at scale.

CIVC Partners To Buy Datavail: Details

By Dan Anderson ● Jan 17, 2024

CIVC Partners, L.P. (CIVC) - a Chicago-based middle market private equity firm focused on investments in the business services sector - recently announced that it has acquired Datavail from a group of growth investors led by Catalyst Investors, a New York-based growth equity firm focused on investing in seed-stage, early-stage and later-stage technology and software companies.

General Atlantic Buying Actis, Creating Investment Platform With $96 Billion In Combined AUM

By Amit Chowdhry ● Jan 17, 2024

General Atlantic (a leading global growth investor) and Actis (a leading global investor in sustainable infrastructure) announced that the firms have entered into a definitive agreement under which General Atlantic will acquire Actis, creating a diversified, global investment platform with approximately $96 billion in combined assets under management (AUM). The financial terms for the transaction are not being disclosed.

Accel-KKR Buying Accertify From American Express

By Amit Chowdhry ● Jan 17, 2024

Accel-KKR (a technology-focused private equity firm) recently announced that it has reached an agreement with American Express to acquire Accertify, a wholly owned subsidiary. Accertify is a provider of fraud prevention, chargeback management, account protection, and payment gateway solutions.

Burger King Parent Company Buying Carrols Restaurant Group For About $1 Billion

By Annie Baker ● Jan 16, 2024

Restaurant Brands International (RBI) and Carrols Restaurant Group today announced that they have reached an agreement for RBI to acquire all of Carrols issued and outstanding shares that are not already held by RBI or its affiliates for $9.55 per share in an all-cash deal, or an aggregate total enterprise value of approximately $1 billion, representing a 23.1% premium to Carrols 30-day volume-weighted average price as of January 12, 2024 and a 13.4% premium to the January 12, 2024 closing price.

Talos Energy Buying QuarterNorth Energy For $1.29 Billion: Details

By Annie Baker ● Jan 16, 2024

Talos Energy announced the execution of definitive agreements to acquire QuarterNorth Energy for $1.29 billion. QuarterNorth is a privately held U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields.

Synopsys Buying Ansys In A $35 Billion Deal: Details

By Amit Chowdhry ● Jan 16, 2024

Synopsys and Ansys announced today that they have entered into a definitive agreement under which Synopsys will acquire Ansys. These are the details.

FirstSun Capital Bancorp And HomeStreet Merging And Raising $175 Million

By Dan Anderson ● Jan 16, 2024

FirstSun Capital Bancorp (the holding company of Dallas-based Sunflower Bank, N.A.) and HomeStreet (the holding company of HomeStreet Bank) announced today that they have entered into a definitive merger agreement, which was unanimously approved by the board of directors of both companies. And under the terms of the agreement, HomeStreet and HomeStreet Bank will merge with and into FirstSun and Sunflower Bank, respectively, with HomeStreet Bank continuing to operate under its tradename in its current markets.

SVP Buys Remaining 40% Stake Of IPC For Full Ownership

By Noah Long ● Jan 16, 2024

Strategic Value Partners, LLC and its affiliates (SVP), a global alternative investment firm with over $18 billion of assets under management, recently announced that SVP-managed funds have acquired the remaining 40% of IPC, resulting in full ownership. IPC provides mission-critical trading communication technology and network services to the financial markets industry.

Why Mercer Advisors Is Buying River Glen Wealth Counselors

By Annie Baker ● Jan 16, 2024

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - recently announced the acquisition of Veerkloh, LLC d/b/a River Glen Wealth Counselors. And River Glen is a comprehensive wealth management firm located and operating in West Des Moines, Iowa.

Why ABB Is Buying Sevensense

By Noah Long ● Jan 14, 2024

ABB recently announced that it has acquired Swiss start-up Sevensense, a leading AI-enabled 3D vision navigation technology provider for autonomous mobile robots (AMRs).

Patrick Industries Buying Sportech From Monomoy Capital Partners For $315 Million: Details

By Annie Baker ● Jan 14, 2024

Monomoy Capital Partners - a private investment firm focused on private equity and credit investing in the middle market - recently announced it has entered into a definitive agreement to sell Sportech, a leading designer, manufacturer and assembler of cab components and assemblies for a wide range of OEM customers, to Patrick Industries.

BlackRock Buying Global Infrastructure Partners For $12.5 Billion: Details

By Amit Chowdhry ● Jan 14, 2024

BlackRock and Global Infrastructure Partners (GIP) - a leading independent infrastructure fund manager - jointly announced that they have entered into an agreement for BlackRock to buy GIP for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock.

Renesas Buying Transphorm In $339 Million Deal: Details

By Noah Long ● Jan 14, 2024

Renesas Electronics Corporation (a premier supplier of advanced semiconductor solutions) and Transphorm (a global leader in robust gallium nitride -or GaN- power semiconductors) recently announced that they have entered into a definitive agreement pursuant to which a subsidiary of Renesas will acquire all outstanding shares of Transphorm’s common stock for $5.10 per share in cash, representing a premium of approximately 35% to Transphorm’s closing price on January 10, 2024, a premium of approximately 56% to the volume weighted average price over the last year and a premium of approximately 78% to the volume weighted average price over the last six months.

Wolverine Worldwide Sells Sperry For About $130 Million: Details

By Annie Baker ● Jan 14, 2024

Wolverine World Wide recently announced that it has sold the Sperry brand to Authentic Brands Group and the ALDO Group. These are the details.

Chesapeake Energy And Southwestern Energy Merging In $7.4 Billion Deal: Details

By Annie Baker ● Jan 12, 2024

Chesapeake Energy and Southwestern Energy Company announced that they have agreed to merge in an all-stock deal valued at $7.4 billion, or $6.69 per share, based on Chesapeake's closing price on January 10, 2024. Under the terms of the agreement, Southwestern shareholders will receive 0.0867 shares of Chesapeake common stock for each share of Southwestern common stock outstanding at closing.

Why Intel Is Buying Silicon Mobility

By Annie Baker ● Jan 11, 2024

At CES, Intel announced plans to drive the company’s AI everywhere strategy into the automotive market, including a deal to buy Silicon Mobility - a fabless silicon and software company specializing in SoCs for intelligent electric vehicle (EV) energy management.

Why Accenture Is Buying Work & Co And Navisite

By Amit Chowdhry ● Jan 11, 2024

Accenture recently announced it is buying Work & Co and Navisite. These are the details about the deals.

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.