Versapay Acquires Leading Cash Application Fintech Company DadeSystems
Versapay, the leader in Collaborative Accounts Receivable, announced today it has completed its acquisition of U.S.-based fintech company DadeSystems. The acquisition broadens Versapay’s suite of accounts receivable (AR) automation solutions and expands its AI and machine learning capabilities. It also expands the company’s enterprise and mid-market footprint while adding key talent to the growing Versapay […]
Elon Musk offers to buy Twitter at $43bn valuation
Bid for social media company comes after Tesla boss became its largest shareholder Elon Musk has made an offer to buy Twitter with a bid that values the company at $43.4bn, vowing to “unlock” the potential of the social media platform by taking it private. Musk’s offer of $54.20 a share comes days after he […]
Embracer buys board games publisher Asmodee in $3 bln deal
Embracer said late on Wednesday it was buying French board games publisher Asmodee from private equity firm PAI Partners in a deal valued at 2.75 billion euros ($3.11 billion) to cement its position as the largest European gaming group. Of the total deal value, 350 million euros would be paid to Asmodee’s shareholders and about 2.4 […]
U.S. chipmaker Magnachip, China’s Wise Road end $1.4 billion merger deal
Chinese private equity firm Wise Road Capital and U.S. chipmaker Magnachip Semiconductor Corp have terminated their $1.4 billion merger agreement struck in March, the companies said in a joint statement on Monday. The U.S. Treasury Department had said in August the deal posed “risks to national security”, while the Committee on Foreign Investment in the […]
Blackstone acquires $2.8B logistics portfolio from Cabot
Blackstone and Cabot Properties announced that two vehicles affiliated with Blackstone Real Estate have acquired $2.8 billion of institutional-quality logistics assets in two separate transactions. Blackstone Real Estate Income Trust, Inc. acquired the U.S. portfolio, which comprises 102 properties totaling 15.2 million square feet located in many of the strongest logistics markets including the Inland […]
KKR’s Independence, Contango to merge in $5.7 bln oil and gas deal
KKR & Co’s (KKR.N) Independence Energy LLC and Contango Oil & Gas Co (MCF.A) will merge in an all-stock deal to create a consolidation-focused oil and gas company with an enterprise value of about $5.7 billion. Deal-making in the sector has been on the rise as a vaccination-led recovery in demand has boosted oil and […]
FTC makes second request on Lockheed’s takeover of Aerojet
Rocket maker Aerojet Rocketdyne Holdings said on Friday it had received a second request from the U.S. Federal Trade Commission (FTC) for a regulatory review of its proposed takeover by Lockheed Martin. The $4.4 billion deal, announced late last year, has raised eyebrows because it would give Lockheed – the No. 1 defense contractor – […]
US private equity fund buys major stake in Accolite Digital
New Mountain Capital, a New York-based private equity fund, has acquired a significant majority stake in Accolite Digital, a cloud and digital product engineering services provider. The PE fund has invested about $225-250 million to acquire stake in Accolite, said people aware of the development. With digital labs in Bangalore, Hyderabad, Gurugram and Chennai, the […]
Ignite Growth acquires Newcastle Tool & Gauge Ltd
Ignite Growth (Ignite), a UK-based investor focused on supporting the growth of ambitious, fast growing companies, has acquired Newcastle Tool & Gauge Ltd (NTG), as the first stage in a buy and build growth strategy. Financial terms of the transaction, which is Ignite’s second buy and build platform investment, have not been disclosed. Founded in […]
Fund run by Australian pension investors seeks stake in Spain’s Naturgy
Investment fund IFM Global Infrastructure Fund offered on Tuesday to buy a 22.7% stake in Spain’s Naturgy for 5.06 billion euros ($6.13 billion), sending the power group’s shares soaring 16% to lead gainers on Madrid’s bourse. The cash offer of 23 euros per share represented a 19.7% premium over Naturgy’s closing price on Monday, according […]
