Mergers & Acquisitions

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."

Why Angeles Equity Partners Is Buying Acieta From Mitsui

By Amit Chowdhry ● Jan 23, 2024

An affiliate of Angeles Equity Partners, LLC - a private investment firm focused on value creation through operational transformation - announced the acquisition of Acieta LLC, a Midwest-based industrial robotics manufacturer and integrator, from Mitsui & Co. (U.S.A.). This deal marks the fourth strategic acquisition by Angeles in the robotics integration sector, complementing its current platform consisting of RōBEX, Mid-State Engineering, and +Vantage.

Why Monomoy Is Buying EnviroTech Services

By Noah Long ● Jan 23, 2024

Monomoy Capital Partners - a private investment firm focused on private equity and credit investing in the middle market - announced the acquisition of EnviroTech Services, a leading value-added distributor of road surface products and provider of road maintenance services headquartered in Greeley, Colorado.

Why Deloitte Is Buying The Assets Of Giant Machines

By Amit Chowdhry ● Jan 23, 2024

Deloitte announced that it had acquired substantially all of the assets of Giant Machines, a digital product company based in New York City. The Giant Machines business focuses on strategizing, designing, and engineering innovative digital products, and will help bolster Deloitte Digital and Deloitte Engineering capabilities to offer clients a robust suite of services to deliver strategic and scaled engineering solutions.

Why Tiugo Technologies Is Buying Uploadcare

By Amit Chowdhry ● Jan 23, 2024

Tiugo Technologies (a PSG portfolio company offering a collection of strong developer tools and solutions in the content creation and digital collaboration markets) has announced the acquisition of Uploadcare. This is Tiugo Technologies’ fourth acquisition, with Uploadcare joining TinyMCE, CKEditor, and Butter.

Oxitope Pharma And Arxx Merge To Form Calluna Pharma And Raises €75 Million

By Dan Anderson ● Jan 23, 2024

Oxitope Pharma and Arxx Therapeutics - companies with a shared goal of utilizing the innate immune system to discover and develop disease-modulating therapies - announced today their merger to form Calluna Pharma today. Calluna has raised €75 million in a series A financing and is backed by Oxitope and Arxx’s existing lead investors, Forbion, Sarsia, p53, and Investinor.

Health Assurance Transformation To Buy Summa Health: Details

By Amit Chowdhry ● Jan 23, 2024

Summa Health and General Catalyst’s Health Assurance Transformation Corporation (HATCo) recently announced that the two organizations have signed a non-binding Letter of Intent outlining HATCo’s planned acquisition of Summa Health. This strategic deal marks the beginning of a long-term, transformational journey to create a new, more proactive, affordable, and equitable system of community-based lifelong healthcare.

Bloomreach Buying Radiance Commerce To Advance AI Innovation For E-Commerce

By Amit Chowdhry ● Jan 23, 2024

Bloomreach - a platform driving limitless e-commerce experiences - announced today the acquisition of Radiance Commerce, an enterprise-grade conversational commerce platform powered by the latest in generative AI. Utilizing large language models (LLMs), Radiance guides customers on their shopping journey through expertise-based selling, product search, recommendations, and exploration. In joining Bloomreach, the Radiance team offers deep technical expertise in AI and conversational commerce to propel Bloomreach’s AI innovation for e-commerce further.

Sunoco LP Buying NuStar Energy For About $7.3 Billion

By Amit Chowdhry ● Jan 22, 2024

Sunoco LP and NuStar Energy L.P. has announced that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. These are the details.

IBM Buying Application Modernization Capabilities From Advanced

By Annie Baker ● Jan 22, 2024

IBM has announced that it has signed a definitive agreement to acquire application modernization capabilities from Advanced, which brings a combination of talent, tools, and knowledge to enhance IBM Consulting’s mainframe application and data modernization services. This planned acquisition will further enable IBM to support clients’ mainframe application modernization journeys, marking another critical step forward in IBM’s hybrid cloud and AI strategy.

Why Arcline Is Buying Kaman For About $1.8 Billion

By Annie Baker ● Jan 22, 2024

Kaman recently announced that it has entered into a definitive agreement to be acquired by Arcline Investment Management, L.P., a growth-oriented private equity firm with deep experience investing in technology-driven industrial businesses in an all-cash transaction with a total enterprise value of approximately $1.8 billion. Upon completion of the deal, Kaman will become a privately held company.

Blackstone Real Estate Taking Tricon Residential Private In A $3.5 Billion Deal

By Amit Chowdhry ● Jan 22, 2024

Blackstone and Tricon Residential recently announced that they have entered into an arrangement agreement under which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc. (BREIT), will acquire all outstanding common shares of Tricon for $11.25 (approximately C$15.17) per common share in cash.

Why Bantam Tools Is Buying Evil Mad Scientist

By Annie Baker ● Jan 22, 2024

Bantam Tools - a desktop CNC manufacturer that builds exceptional computer-controlled machines for innovators - recently announced the acquisition of Evil Mad Scientist, the designer and manufacturer of popular computer-controlled drawing and handwriting machines that provide versatile solutions to artists and educators.

Why GoPro Is Buying Tech-Enabled Helmet Company Forcite

By Noah Long ● Jan 22, 2024

GoPro recently announced an agreement to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. And GoPro plans to accelerate Forcite's vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time.

Taro Pharmaceutical Merging With Sun Pharmaceutical: Details

By Annie Baker ● Jan 22, 2024

Sun Pharmaceutical Industries Limited and Taro Pharmaceutical Industries recently announced that they have entered into a definitive merger agreement in which Sun Pharma, Taro's controlling shareholder, has agreed to acquire all of the outstanding ordinary shares of Taro other than the shares already held by Sun Pharma or its affiliates for US$43 per share in cash without interest.

Why Buxton Is Buying Elevar

By Dan Anderson ● Jan 22, 2024

Buxton (a market leader in retail customer analytics) and Elevar (a dynamic conversion tracking solution for fast-scaling e-commerce brands) joined forces in an acquisition by Buxton. The deal's financial terms remain undisclosed, but Buxton believes this strategic collaboration can revolutionize the landscape of data-driven consumer insights.

Why Accenture Is Buying Impendi

By Noah Long ● Jan 22, 2024

Accenture recently announced that it had acquired Impendi, a sourcing and procurement services provider focusing on private equity clients, expanding a critical capability to Accenture’s growing offerings for this industry.

Why Mullen Group Is Buying ContainerWorld Forwarding Services

By Dan Anderson ● Jan 22, 2024

Mullen Group recently announced that it has entered into a letter of intent (LOI) to buy Richmond, British Columbia based ContainerWorld Forwarding Services and its operating subsidiaries. The LOI contemplates standard due diligence and the execution of a purchase and sale agreement, both of which have been initiated. The deal is scheduled to close in the second quarter of 2024, subject to regulatory approval and final closing conditions.

AE Industrial Partners: Sale Of American Pacific To NewMarket For $700 Million Completed

By Annie Baker ● Jan 22, 2024

AE Industrial Partners, LP (AEI) - a private equity firm specializing in aerospace, national security, and industrial services - recently announced that affiliates of AEI have completed the sale of American Pacific Corporation, a leading specialty materials manufacturer of critical chemicals for some of the U.S. Government’s most vital military and space programs, to NewMarket for $700 million in cash.

Why IBS Software Is Buying APS For $90 Million

By Annie Baker ● Jan 22, 2024

IBS Software (a leading SaaS solutions provider to the global travel industry) announced it has reached an agreement to acquire the ground-breaking hotel and travel technology provider Above Property Services (APS). The $90 million deal will further solidify IBS Software's position in the hospitality market and strengthen the brand to underpin an ambitious expansion of its reach in the hospitality industry.

RocketStar: Rocket Propulsion Technology Company Raises $2 Million And Buys Miles Space

By Noah Long ● Jan 22, 2024

RocketStar - a frontrunner in transforming the boundaries of space exploration and satellite services - recently announced a series of achievements that enable the company to take advantage of the $10 billion space propulsion market. These achievements include securing a $2 million seed investment, acquiring Miles Space (a space propulsion and spacecraft manufacturer), and announcing a new member to its board of directors, Mitchel Simpler.

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.