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United Rentals To Buy H&E Equipment Services In $4.8 Billion Deal

By Amit Chowdhry ● Jan 20, 2025

United Rentals and H&E Equipment Services announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash, reflecting a total enterprise value of approximately $4.8 billion, including roughly $1.4 billion of net debt.

Sidley: Elisabetta Righini Named As Partner In Brussels

By Amit Chowdhry ● Jan 20, 2025

Sidley announced that Elisabetta “Betta” Righini had joined the Brussels office as a partner in the firm’s Antitrust and Competition practice. She joined Latham & Watkins, where she was a partner, and before that, she held several senior positions at the European Commission.

Cetera Brings In Advisors With $255 Million In Combined AUA: Jennifer Read and Terri Steele

By Amit Chowdhry ● Jan 20, 2025

Financial advisor firm Cetera Financial Group recently announced that advisors Jennifer Read, Terri Steele, and their team have joined Cetera Advisors. Read, Steele and their team, who have a combined $255 million in assets under administration as of September 1, 2024, are joining Cetera from Osaic. Read and Steele decided to make the switch to Cetera to enjoy increased flexibility to work together.

DLA Piper: John Frantz Named As Partner In Telecom Practice

By Amit Chowdhry ● Jan 20, 2025

DLA Piper announced it has welcomed John Frantz as a partner in the Telecom Practice. Based in New York, Frantz brings to the firm substantial litigation and regulatory, combined with industry business knowledge based on over two decades of leadership roles at Verizon.

Wabtec To Buy Evident’s Inspection Technologies Unit In $1.78 Billion Deal

By Amit Chowdhry ● Jan 20, 2025

Wabtec announced a definitive agreement to buy Evident’s Inspection Technologies division (Inspection Technologies), formerly part of the Scientific Solutions Division of Olympus Corporation - a global leader in Non-Destructive Testing, Remote Visual Inspection, and Analytical Instruments solutions for mission-critical assets.

Vertical Compute: €20 Million (Seed) Secured To Build Integrated Memory And Computing Technology

By Amit Chowdhry ● Jan 20, 2025

Vertical Compute, a company founded by CEO Sylvain Dubois (ex-Google) and CTO Sebastien Couet (ex-imec), announced that it successfully closed a seed investment round of €20 million. The funding round was led by imec.xpand and supported by a strong investor base, including Eurazeo, XAnge, Vector Gestion and imec. And this funding will support Vertical Compute’s goals of developing a novel vertical integrated memory and compute technology, unlocking a new generation of AI applications.

Sygnum: Digital Asset Banking Company Raises $58 Million At Over $1 Billion Valuation

By Amit Chowdhry ● Jan 20, 2025

Sygnum announced it has raised a total of $58 million in its oversubscribed strategic growth round, giving it a post-money valuation of over $1 billion. Final close cornerstone investor Fulgur Ventures (a Bitcoin-focused venture capital firm) was joined by new and existing strategic and financial investors and Sygnum team members. The co-founders, board, and team members continue to hold Sygnum's majority ownership.

Clearwater Analytics To Buy Enfusion For About $1.5 Billion

By Amit Chowdhry ● Jan 20, 2025

Clearwater Analytics and Enfusion announced an entry into a definitive merger agreement for Clearwater to acquire Enfusion, a leader in software-as-a-service (SaaS) solutions for the investment management and hedge fund industry. The purchase price was $11.25 per share, delivered in an equal mix of cash and stock. And Clearwater will pay $30 million to terminate Enfusion’s tax receivable agreement (TRA). This totals a purchase price of approximately $1.5 billion.