Posts filtered by tags: M&a[x]


The savage genius of SoftBank funding competitors

Venture capitalists aren’t supposed to make their portfolio companies battle to the death. There’s a long-standing but unofficial rule that investors shouldn’t fund multiple competitors in the same space. Conflicts of interest could arise, information about one startup’s strategy could be improperly shared with the other, and the companies could become suspicious of advice provided by their investors. That leads to problems down the line for VCs, as founders may avoid them if they fear the firm ...
Tags: Artificial Intelligence, Automotive, Collaborative Consumption, eCommerce, Food, Funding, Fundings & Exits, Logistics, M&A, Opinion, Startups, TC, Venture Capital, Didi Chuxing, Grab, Ola

CFIUS Cometh: What this Obscure Agency Does and Why It Matters to Your Fund or Startup

Evan J. Zimmerman Contributor Evan J. Zimmerman is an entrepreneur, investor, and writer. He is the Chairman of Jovono and Chairman of the Clinton Health Access Initiative technology council. He is a partner and director in Mighty Mug/Mighty Products, Inc, and chairman of Brush Up Club, an innovative oral health company. On January 12, 2016, Grindr announced it had sold a 60% controlling stake in the company to Beijing Kunlun Tech, a Chinese gaming firm, valu...
Tags: Startups, TC, Uber, Column, Asia, Congress, Washington, Finance, Government, Senate, China, Softbank, Defense, Tech, Hack, Policy

2U completes Trilogy Education acquisition

2U Inc has closed its previously announced acquisition of Trilogy Education Services Inc, a workforce accelerator that prepares adult learners for careers in the digital economy. No financial terms were disclosed; however, an earlier report on this transaction pegged the amount at $750 million. Trilogy’s backers included Highland Capital Partners, Macquarie Capital, Exceed Capital, Rethink Impact, City Light Capital and Triumph Capital LLC. PRESS RELEASE LANHAM, Md. and NEW YORK, May 22, 2019 /P...
Tags: M&A, Tech, TWOU

Bio Roundup: Zolgensma Watch, Brain Cancer Blues, Peloton Payout & More

Patients, doctors, family members, and drug-price watchdogs continued to wait for the expected approval of Zolgensma, a Novartis (NYSE: NVS) gene therapy for the rare inherited disease spinal muscular atrophy. Originally developed at a children’s hospital in Ohio, Zolgensma will be a litmus test for the nascent field. If approved this week or next, it would be just the second gene therapy to come to market in the US.Novartis CEO Vas Narasimhan made sure Zolgensma stayed in the headlines. In an ...
Tags: Lawsuit, Scotus, Ipo, Study, Cancer, Value, Trends, Investment, Merck, Fail, Data, Vc, Cholesterol, Regulation, Venture Capital, M&a

Takeaways from KubeCon; the latest on Kubernetes and cloud native development

Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Frederic Lardinois and Ron Miller discuss major announcements that came out of the Linux Foundation’s European KubeCon/CloudNativeCon conference and discuss the future of Kubernetes and cloud-native technologies. Nearly doubling in size year-over-year, this year’s KubeCon conference brought big news and big players, with major anno...
Tags: Startups, TC, Open Source, Cloud, Apps, Europe, Enterprise, Developer, Events, Tech, SaaS, Venture Capital, M&a, Transcript, Conference, Container

Cvent buys Wedding Spot

Cvent has acquired San Francisco-based Wedding Spot, a wedding venue sourcing platform. No financial terms were disclosed. Wedding Spot was a subsidiary of HoneyBook, which is backed by Citi Ventures, Norwest Venture Partners, Aleph, Vintage Investment Partners, Hillsven Capital and UpWest Labs. PRESS RELEASE TYSONS, Va.— May 22, 2019 – Cvent, a market-leading meetings, events, and hospitality technology provider, today announced that it has acquired Wedding Spot, a leading wedding venue sourcin...
Tags: San Francisco, Trends, Tech, United States, M&a, Facebook Twitter, San Francisco Calif, Cvent, Cvent Inc, Reggie Aggarwal, TYSONS VA, Cvent Hospitality Cloud, Yotam Soen

PE-backed Intapp buys OnePlace

Intapp, which is backed by Temasek and Great Hill Partners, has acquired OnePlace, a provider of cloud-based solutions for marketing and business development teams. No financial terms were disclosed. PRESS RELEASE PALO ALTO, Calif. — May 23, 2019 — Intapp today announced it has acquired OnePlace, a leading provider of cloud-based solutions for marketing and business development teams. Intapp and OnePlace are joining forces to address the growing need for a unified front office solution spanning ...
Tags: Trends, M&a, Temasek, Palo Alto Calif, Tim Smith, Business Services, PE, Great Hill Partners, Intapp, DealCloud, Industry Cloud for Professional Services With, Dan Tacone Intapp, Intapp Intapp

French reinsurer SCOR buys asset manager Coriolis Capital: Reuters

French reinsurer SCOR said it had agreed to buy 100% of Coriolis Capital, an asset manager specialized in insurance-linked securities, for an undisclosed amount. Coriolis Capital invests mainly in natural disaster bonds, options, collateralized reinsurance and climate derivatives. SCOR said the acquisition, expected to be finalized in the second half of 2019, would raise the assets which its investment unit manages to $2.1 billion. SCOR, which recently rejected an 8.2 billion euro ($9.1 billion)...
Tags: Trends, M&a, Financial Services, Reuters, SCOR, Coriolis Capital

ArchiMed-backed Duomodiag Sarl buys Diesse Diagnostica Senese

Duomodiag Sarl, a holding company backed by ArchiMed, has acquired Diesse Diagnostica Senese SpA. Financial terms weren’t announced. Diesse Diagnostica is an Italian developer of in vitro diagnostic (‘IVD’) systems for the diagnosis of infectious and autoimmune diseases, and hematology systems to test for inflammation. PRESS RELEASE ArchiMed acquires In Vitro Diagnostics specialist in cross-border carve-out The acquisition marks the pan-European healthcare private equity specialist’s second cros...
Tags: Trends, Italy, Healthcare, M&a, Hyderabad, Warsaw, Siena, Elisa, Westergren, ESR, ArchiMed, Giovannelli, David Lanchner, Duomodiag Sarl, Diesse Diagnostica Senese, Diesse Diagnostica Senese SpA Financial

Stratus Video buys InDemand Interpreting

Stratus Video LLC, a portfolio company of Kinderhook Industries LLC, said May 23 that it acquired InDemand Interpreting. Financial terms weren’t announced. InDemand, of Seattle, provides video and audio interpreting solutions for limited english proficient, deaf, and hard of hearing patients through medically qualified/certified interpreters. PRESS RELEASE Stratus Video Executes Merger Agreement with InDemand Interpreting May 23, 2019 Clearwater, FL – Stratus Video, LLC (“Stratus” or the “Compan...
Tags: Trends, Tech, United States, M&a, Seattle, Seattle Wa, Kirkland Ellis LLP, InDemand, Cooley LLP, Stratus, Kinderhook, Kinderhook Industries LLC, Stratus Video, David Fetterolf, Chris Michalik, Kinderhook Industries LLC Kinderhook

WI Watchlist: Montage, LÜM, WEDC, Titan Spine, Polco, Swallow & More

A medical device for patients with swallowing disorders gets new life. A music streaming app gets an influx of cash. The state’s economic development agency faces more criticism for its practices. Startups in recruiting tech, medtech, and civic tech strike merger and acquisition deals. Read on for more details about these stories and other recent Wisconsin innovation news.—In an unusually structured deal, the Idea Fund of La Crosse, an early-stage investment firm located in western Wisconsin, s...
Tags: Deals, Startups, Jobs, Trends, Tech, Cms, It, Walgreens, Vc, Software, M&a, Wisconsin, NRC, Life Sciences, Medical Devices, Medtronic

Segula sells Gunnebo Industries to Crosby

Crosby has acquired Gunnebo Industries from Segulah, a Nordic private equity firm. No financial terms were disclosed. Alantra served as financial adviser to Crosby on the transaction while Kirkland & Ellis and Vinge acted as legal advisers. Gunnebo Industries is a provider of products for material handling and other related applications. PRESS RELEASE DALLAS (PRWEB) MAY 22, 2019 The Crosby Group (“Crosby”), a leading global provider of lifting, rigging, and material handling hardware, today anno...
Tags: Usa, Trends, United States, M&a, Kirkland Ellis, Crosby, Sweden Norway, PRWEB, Vinge, Alantra, Crosby Crosby, Bob Davies, Industrial/Manufacturing, Gunnebo Industries, Segulah, Gunnebo Industrier Holding AB

Canopy Growth acquires Tengram-backed This Works for C$74 mln

Canopy Growth Corp has acquired This Works Ltd, a London, U.K.-based provider of natural skincare and sleep solution products. The all-cash deal was valued at C$73.8 million. This Works CEO Anna Persaud will continue to lead the company. Canopy Growth, a Smith Falls, Ontario-based cannabis, hemp and cannabis device business, said the acquisition facilitates its entry into the natural wellness industry and expands its global presence. This Works was backed by Tengram Capital Partners, a U.S. cons...
Tags: Europe, London, Trends, European Union, Canada, United States, United Kingdom, M&a, Company, London England, Canopy Growth Corp, CGC, Persaud, Bruce Linton, Tengram, Tengram Capital Partners

Smart Cities Startups, Upswing, Coder, VanillaSoft & More TX Tech

Let’s catch up with the latest innovation news in Texas.—The Dallas-based Innov8te Smart Cities Incubator has named the six startups in its first program, according to a press release. The startups are using technology to help local governments sync data in currently siloed departments, analytics to help cities measure business and individual tourism, and others. In addition to hosting the startups in the program, Innov8te also features what it calls “Startup City Hall,” a dedicated office for ...
Tags: Startups, Cloud, Texas, Big Data, Funding, Trends, Tech, Investment, Analytics, People, Vc, Artificial Intelligence, Software, Austin, Innovation, Venture Capital

TowerBrook to sell Metallo

TowerBrook Capital Partners has agreed to sell Metallo, a Belgian-Spanish metals recycling company, to Aurubis. No financial terms were disclosed. The deal is expected to close toward the end of the year. PRESS RELEASE May 22, 2019 TowerBrook Capital Partners today announces that it has signed an agreement with Aurubis AG, Hamburg, for the disposal of Metallo Holdings 3 B.V., (“Metallo”), the Belgian-Spanish non-ferrous metals recycling Group. Metallo is a recycling and refining company with aro...
Tags: Trends, Spain, M&a, Belgium, Metallo, TowerBrook Capital Partners, Industrial/Manufacturing, Aurubis AG Hamburg, Metallo Holdings, Supervisory Board of Aurubis AG

EveryAction buys We Also Walk Dogs

EveryAction, which is backed by Insight Partners, has acquired We Also Walk Dogs Inc, creator of ActionKit software. No financial terms were disclosed. PRESS RELEASE Washington, D.C., May 8, 2019 – EveryAction, a leading provider of software serving over 15,000 nonprofits, announced today that it has acquired We Also Walk Dogs Inc., more commonly known by their product’s name, ActionKit. The acquisition follows EveryAction’s strategy of collecting the best people who create the best SaaS product...
Tags: Washington, Boston, Digital, Trends, Tech, M&a, CRM, Kane, Patrick Kane, Natural Resources Defense Council, NGP VAN, Insight Partners, Digital Fundraising and Organizing SaaS, Stu Trevelyan, We Also Walk Dogs Inc, Walk Dogs Inc

Payments tech firm Nuvei to buy Britain’s SafeCharge for $889 million: Reuters

U.S. payments technology firm Nuvei Corp said it would buy SafeCharge International Group Ltd in an all-cash deal valued at $889 million to expand in the fast-growing electronic payments industry. The companies said SafeCharge shareholders would receive $5.55 in cash for each share held, representing a 25% premium to the stock’s Tuesday closing price. The deal comes as the industry is going through an aggressive consolidation and follows a $35 billion deal by U.S. firm FIS to buy Worldpay earlie...
Tags: Trends, Tech, Britain, Italy, M&a, Uae, Fis, Worldpay, Reuters, Shore Capital, Plano Texas, Nexi, Nuvei, Nuvei Corp, SafeCharge International Group Ltd, SafeCharge

PE-backed THG acquires Keane Insurance Group

The Hilb Group LLC, a portfolio company of Abry Partners, has acquired Missouri-based The Keane Insurance Group Inc, an insurance broker specializing in medical professional liability insurance for physicians and other healthcare providers. No financial terms were disclosed. PRESS RELEASE RICHMOND, Va., May 22, 2019 /PRNewswire/ — The Hilb Group, LLC (“THG”) announced today the acquisition of Missouri-based The Keane Insurance Group, Inc (“KIG”). The transaction became effective May 1, 2019. Fou...
Tags: Boston, Trends, Missouri, M&a, Financial Services, Richmond Virginia, St Louis MO, PE, John Keane, Hilb Group LLC, Hilb Group, ABRY Partners, Hilb Group LLC THG, ABRY Partners The Hilb Group, Ricky Spiro, Keane Insurance Group

Zendesk acquires Smooch, doubles down on support via messaging apps like WhatsApp

One of the bigger developments in customer services has been the impact of social media — both as a place to vent frustration or praise (mostly frustration), and — especially over messaging apps — as a place for businesses to connect with their users. Now, customer support specialist Zendesk has made an acquisition so that it can make a bigger move into how it works within social media platforms, and specifically messaging apps: it has acquired Smooch, a startup that describes itself as an “omni...
Tags: Social, Fundings & Exits, Startups, TC, Apps, Enterprise, Messaging, US, Tech, Canada, M&a, Silicon Valley, Lvmh, Zendesk, Exit, Customer Support

Pret A Manger buys rival EAT to attract more vegans, vegetarians: Reuters

(Reuters) – British sandwich and coffee shop chain Pret A Manger said on Wednesday it had acquired smaller rival EAT, looking to capitalize the thriving vegan and vegetarian market. Pret, bought by Luxembourg-based JAB Holdings last year, said it plans to convert most of EAT shops into “Veggie Prets” stores, that primarily caters to more health-conscious food enthusiasts who prefer plant-based meals over meat. The first Veggie Pret was opened in 2016 and has expanded to three further locations a...
Tags: London, Trends, Manchester, M&a, Luxembourg, Reuters, Manger, JAB Holdings, Clive Schlee, Consumer/Retail

Ascensus to buy Pension Strategies

Ascensus said May 21 that it agreed to buy Pension Strategies Inc. Financial terms weren’t announced. Pension Strategies, of Phoenix, is a third-party administration firm. Ascensus is backed by investors including Genstar Capital, Aquiline Capital Partners, Atlas Merchant Capital LLC and GIC. PRESS RELEASE DRESHER, Pa., May 21, 2019 /PRNewswire/ — Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce that it has ent...
Tags: Trends, United States, M&a, Financial Services, Phoenix, Ascensus, TPA, Raghav Nandagopal Ascensus, Pension Strategies Inc, Jerry Bramlett, Jill Hastings, Ascensus Arizona, Pension Strategies, Ascensus Tucson, Ascensus FuturePlan, Ascensus Ascensus

Zebra Technologies intends to acquire VC-backed Profitect

Zebra Technologies intends to buy Profitect Inc, a provider of prescriptive analytics for the retail and consumer packaged goods industries. No financial terms were disclosed. Profitect is backed by Cedar Fund, Benhamou Global Ventures, Grayhawk Capital and Vertical Venture Partners. PRESS RELEASE LINCOLNSHIRE, Ill. & BURLINGTON, Mass.–(BUSINESS WIRE)–Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to ga...
Tags: America, Trends, M&a, Securities And Exchange Commission, Forbes, Savanna, Linkedin Twitter, Business Services, Zebra, CPG, Zebra Technologies, Anders Gustafsson, Zebra Ventures, ZBRA, Profitect Inc, LINCOLNSHIRE Ill BURLINGTON

Charme Capital to sell majority stake in ATOP to IMA

Charme Capital Partners has agreed to sell a majority stake in ATOP to IMA in a deal valued at about 380 million euros. Based in Italy, ATOP is a maker of machines and automatic lines for electric motor production. PRESS RELEASE 21 May 2019 Today, Charme Capital Partners (the pan-European mid-market private equity firm) signed an agreement with IMA for the sale of 63% of ATOP, a leading company in the sector of automatic machines and lines for the production of electric motors for the automotive...
Tags: Trends, Italy, M&a, EBITDA, IMA, Amedeo Felisa, Felisa, Charme, Charme Capital Partners, Industrial/Manufacturing, Charme Capital, Barberino Val, Elsa Florence, Charme III, Matteo di Montezemolo Founder, Charme Funds

Riverside backs merger of Shaker International and Montage

Shaker International has merged with Montage, forming a recruiting automation platform. No financial terms were disclosed. The Riverside Company backed and facilitated the merger. PRESS RELEASE CLEVELAND and DELAFIELD, Wis., May 21, 2019 /PRNewswire/ — Shaker International, a leading provider of predictive talent intelligence and assessment solutions, has merged with Montage, the single solution to engage, interview and hire better candidates, faster. The new company will help its combined clien...
Tags: Trends, Tech, M&a, Cleveland, Riverside, Riverside Company, The Riverside Company, Josh Bersin, Riverside Company The Riverside Company, Heikkinen, Kurt Heikkinen, Shaker International, DELAFIELD Wis, Brian Stern, Delafield WI Today, Allstate Bank of America CVS Humana

Merck buys Peloton to expand its kidney cancer treatment portfolio: Reuters

U.S. drugmaker Merck & Co Inc on Tuesday agreed to buy Peloton Therapeutics Inc for $1.05 billion in cash, gaining access to the privately held company’s lead kidney cancer drug candidate. The acquisition can strengthen Merck’s presence in the field of renal cell carcinoma and bolster its cancer drug portfolio. Merck’s blockbuster immunotherapy Keytruda was approved last month in the United States for treating renal cell cancer. “This is a classic bolt-on deal. Peloton has a drug that looks prom...
Tags: Trends, Merck, United States, Healthcare, M&a, Reuters, KEYTRUDA, Merck Co Inc, Cantor Fitzgerald, Peloton, Centerview Partners, Brad Loncar, Peloton Therapeutics Inc, Loncar Cancer Immunotherapy ETF Peloton, Louise Chen Credit Suisse

TPG Growth to sell CTSI to Varian Medical Systems

TPG Growth has agreed to sell Cancer Treatment Services International to Varian Medical Systems for $283 million. The deal is expected to close in about two weeks. CTSI is an owner and operator of a network of cancer treatment facilities. Ropes & Gray represents CTSI and TPG Growth on the sale. PRESS RELEASE Mumbai and San Francisco – May 20, 2019 – TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, announced today that it has signed a definitive agreement to...
Tags: Asia, India, US, San Francisco, Trends, Healthcare, M&a, Mumbai, Sri Lanka, South Asia, Ahh, Hyderabad India, TPG, Varian Medical Systems, Vishal Bali, Var

Apax-backed Paycor acquires Ximble

Paycor, which is backed by Apax Partners, has acquired Carlsbad, California-based Ximble, a provider of cloud-based employee scheduling solutions. No financial terms were disclosed. PRESS RELEASE CINCINNATI – May 21, 2019 – Human Capital Management (HCM) company Paycor today announced the acquisition of Ximble, a cloud-based employee scheduling solution. Ximble’s scheduling offering will be fully integrated into Paycor’s product suite, enabling customers to efficiently assign schedules and allow...
Tags: Trends, Tech, HR, M&a, Cincinnati, Apax, HCM, Apax Partners, Carlsbad California, Paycor, Human Capital Management HCM, Ximble, Paycor Stacey Browning, Ximble Peter Swaniker

Blue Sage sells Cobalt to Bison

Blue Sage Capital has sold Cobalt Environmental Solutions to Bison. No financial terms were disclosed. Cobalt is an operator of oilfield wastewater disposal and hydrocarbon extraction facilities in the region. PRESS RELEASE AUSTIN, Texas–(BUSINESS WIRE)–Blue Sage Capital announced today that it closed on the sale of Cobalt Environmental Solutions (“Cobalt”) to Bison, an Oklahoma-based water infrastructure, logistics and solutions provider. Operating in the SCOOP and Merge plays of Oklahoma’s Ana...
Tags: Trends, M&a, John, Oklahoma, Cobalt, Austin Texas, Jonathan Pearce, Peter Huff, Blue Sage, Industrial/Manufacturing, Cobalt Environmental Solutions, AUSTIN Texas BUSINESS WIRE Blue Sage Capital, Anadarko Basin Cobalt, John Barnidge, Patrick Brandt COO Jonathan Hood

PE-backed ImageFIRST buys Faultless Linen

ImageFIRST, which is backed by Calera Capital, has acquired a majority stake in Faultless Linen, a healthcare-focused laundry service provider. No financial terms were disclosed. PRESS RELEASE PHILADELPHIA–(BUSINESS WIRE)–ImageFIRST, a leading provider of laundry services for the healthcare industry, announced today the acquisition of a majority stake in Faultless Healthcare Linen with the support of Calera Capital, a leading middle market private equity firm. Susan Witcher, Mark Spence, and oth...
Tags: Colorado, Boston, Trends, Healthcare, M&a, Philadelphia, North America, Spence, Missouri Kansas, PE, Calera, KANSAS MISSOURI, Calera Capital, Jeff Berstein, San Francisco Calera, Faultless Healthcare Linen

Broadridge Financial to buy RPM Tech for $300 mln

Broadridge Financial Solutions said May 21 that it agreed to buy RPM Technology for about 300 million. RPM provides enterprise wealth management software solutions and services. Bayshore Capital is the seller. PRESS RELEASE NEW YORK, May 21, 2019 /PRNewswire/ — Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader and part of the S&P 500® Index, today announced that it has entered into a purchase agreement to acquire RPM Technologies, a leading Canadian provider of enterprise ...
Tags: New York, Trends, Canada, M&a, SEC, Financial Services, Fintech, BR, RBC Capital Markets, Securities and Exchange Commission SEC, Broadridge, Broadridge Financial Solutions, Mutual Fund Dealers Association of Canada, Broadridge Financial Solutions Inc, Broadridge Financial, Bayshore Capital

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