Takeovers And Buyouts

Takeovers and Buyouts

The latest deal news from across the alternative investment space.

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FinTech: Financial Fraud Detecting Platform Verafin Sold To Nasdaq

November 19, 2020

Global technology company Nasdaq (NASDAQ: NDAQ) announced today its acquisition of Canada-based Verafin for $2.75 billion payable in cash. Verafin’s cloud-based software platform serves customers with fraud detection, money laundering protection, and high-risk customer management. The 2003-founded firm counts more than 2,000 financial organizations as its customers.

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More Stories on Takeovers and Buyouts

Aecom

Two Private Equity Firms Buy Management Services Arm of AECOM

October 14, 2019

Private equity firms Lindsay Goldberg and American Securities are buying assets from construction giant AECOM. The target company issued a report this morning saying it agreed to a deal worth $2.4 billion for its management services division. That arm of the company provides logistics and technical services to the Federal government.

EY Report Talks Dealmaking in the Year Ahead

October 14, 2019

The latest EY report on M&A activity for the year ahead reveals interesting technology trends. EY is a leader in assurance, tax, transaction, and advisory services. The company finds that business leaders have altered their portfolios due to a challenging geopolitical environment. However, the firm notes that 52% of global corporate leaders plan to pursue acquisitions in the next year.

Private Equity Firm Highview Capital Acquires Gold Star Foods, Plans Merger

October 8, 2019

Highview Capital announced it has acquired Gold Star Foods, a specialized food distributor to K-12 child nutrition programs. After the deal closes, Gold Star will merge with an existing Highview portfolio company called Good Source Solutions. The portfolio firm operates in similar segments.

Goldman Sachs

FireEye Is Seeking a Private Equity Buyer, Hires Goldman Sachs as Advisor

October 3, 2019

FireEye (FEYE) is reportedly seeking a private equity buyer. The news comes after the firm failed to locate a strategic buyer. The company reportedly hired Goldman Sachs to guide them through the process. Multiple reports suggest that discussions are in the early stages of development.

Can Apollo Get a Win with ADT after Canadian Services Sale

October 2, 2019

ADT announced is selling ADT Security Services Canada to TELUS Corporation. Terms of the deal are CAD 700 million in cash, subject to certain adjustments.

Leeds Equity Partners Buys VitalSmarts from TwentyEighty

October 1, 2019

Leeds Equity Partners has acquired VitalSmarts from TwentyEighty. Vital Smarts is a provider of communication, execution, and, leadership development training.

Blackstone Group Buys Colony Industrial for $5.9 Billion

September 30, 2019

Colony Industrial, the massive warehouse division of Colony Capital, now has a new owner. According to reports, Blackstone Group has purchased the warehouse group for $5.9 billion.

Altria and Philip Morris call off $200B merger; Juul’s CEO replaced by Altria Exec

September 25, 2019

Juul, the maker of e-cigarettes, had its CEO replaced amidst the current controversy surrounding its products.
A string of deaths, apparently due to the use of e-cigarettes, led Juul to cease product advertising and government lobbying. At least nine deaths have been attributed in recent months to vaping and e-cigarettes. The Centers for Disease Control reported 530 cases of lung injuries tied to vaping.

Fitbit May Sell Itself: Reuters

September 20, 2019

Wearable device maker Fitbit may be exploring the feasibility of a sale as competitive pressures mount.
Fitbit has been talking to boutique investment bankers Qatalyst Partners on the subject of engaging with likely acquirers, said Reuters.

A Blackstone Bellagio Deal Is Looking More Likely

September 17, 2019

Blackstone (BX is on a buying binge in recent weeks. A Blackstone Bellagio deal? Why not? Just a day after announcing the $4 billion buyout of Dream Global Real Estate Investment Trust, Blackstone is back at it. The alternative investment giant said they are in discussions to buy and lease back the Bellagio and MGM…

Blackstone

Blackstone to Purchase Dream Global REIT for $4.7 Billion

September 16, 2019

Deal Makes Blackstone a Big Player in Europe’s Recovering Real Estate Markets Dream Global REIT said Blackstone-managed funds will buy the Canadian firm for C$6.2 billion ($4.69 billion). Blackstone will pay C$16.79 cash per Dream Global unit. The deal will see Blackstone acquire all of the office and industrial property manager’s subsidiaries and assets. This…

Office Properties Income Trust Announces Sales of Four Properties

September 4, 2019

The multistate deal allows the firm to pay off unsecured loans Office Properties Income Trust announced the sale of four buildings this week. The buildings are in San Antonio and Arlington Texas, as well as one in Hanover, PA. Gross proceeds for the sale reached $223.2 million before closing costs. The firm will use the…

Brookfield Business Partners Buys Big Stake in Genworth Canada

September 4, 2019

The deal will see Brookfield take the majority of shares in the mortgage giant Brookfield Business Partners reached an agreement to buy a controlling stake in Canada’s largest private mortgage insurer. Brookfield said it would pay $1.8 billion for a 57% stake in Genworth Canada, according to the press release. The sale further increases the…